U.S. metal additive manufacturing company Velo3D reported Q1 2026 revenue of $13.77 million, a 48% year-over-year increase, with gross margin improving from 7.5% to 17.2%. Growth was driven by demand for metal 3D printing equipment, higher selling prices, and expanded Rapid Production Solutions (RPS) services, particularly in defense and aerospace. New orders reached $12 million, with a backlog of $30 million at quarter-end. The company reduced outstanding debt by approximately 70% to about $9 million through debt-to-equity conversions and secured note repayments. It also secured a five-year, $9.8 million contract from the U.S. Defense Logistics Agency under the JAMA pilot parts program. Full-year revenue guidance remains at $60–70 million, with expectations of gross margin exceeding 30% and positive EBITDA in the second half of the year.