An algorithm for efficiently compressing floating-point data in 3D meshes is disclosed. 3D meshes are represented by topology data, geometry data and property data. Geometry data specify vertex locations and are usually represented by floating-point coordinates. While geometry data are usually compressed by quantization, prediction and entropy coding, the present invention uses no prediction. A floating-point number consists of mantissa and exponent, and normally the exponent, sign and mantissa are compressed separately. A method for encoding floating-point formatted data comprises determining if a current floating-point value was previously stored in a memory, storing the current value in the memory if it was not previously stored in the memory, and encoding it. Otherwise, if the current floating-point value was previously stored in a memory, the storage position of the value within the memory is determined and a reference pointing to the storage position is encoded.