VEL
Velocity Financial, Inc.
NYSE · Financial Services · Financial - Mortgages · US
$18.43
+0.16%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 701.3M | 714.4M | 482.8M | 131.7M | 248.4M |
| Cost of Revenue | 147.9M | 33.4M | 272.2M | — | 158.3M |
| Gross Profit | 553.4M | 681.0M | 210.6M | 131.7M | 90.0M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 31.5M | 6.1M | 74.5M | 53.0M | 35.9M |
| General & Admin Expense | 31.5M | 6.1M | 73.3M | 52.1M | 34.5M |
| Selling & Marketing Expense | — | — | 1.2M | 872.0K | 1.4M |
| Other Expenses | 26.1M | 163.7M | 39.6M | 1.9M | 9.6M |
| Total Operating Expenses | 57.6M | 169.8M | 114.2M | 54.9M | 45.5M |
| Cost and Expenses | 205.5M | 203.2M | 386.4M | 54.9M | 203.8M |
| Operating Income (EBIT) | 495.8M | 511.3M | 96.4M | 76.8M | 44.6M |
| Non-Operating | |||||
| Interest Income | 616.3M | 550.8M | 406.8M | 316.0M | 240.3M |
| Interest Expense | 417.1M | 365.0M | 247.2M | 203.0M | 157.2M |
| Net Interest Income | 199.2M | 185.8M | 159.6M | 112.9M | 83.1M |
| Other Non-Op Income/Expense | (344.3M) | (365.0M) | — | (5.7M) | — |
| Non-Operating Income (excl Interest) | 22.2M | — | — | 79.1M | — |
| EBT (Pre-Tax Income) | 151.5M | 146.2M | 96.4M | 71.1M | 44.6M |
| Income Tax Expense | 43.3M | 41.3M | 27.9M | 18.8M | 12.0M |
| Bottom Line | |||||
| Net Income | 107.7M | 105.1M | 68.4M | 52.3M | 32.2M |
| Earnings from Cont. Ops | 108.2M | 105.1M | 68.5M | 52.3M | 32.5M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 106.2M | 105.1M | 67.6M | 51.5M | 31.7M |
| Per Share | |||||
| Basic EPS | $2.78 | $2.81 | $2.07 | $1.60 | $0.99 |
| Diluted EPS | $2.74 | $2.75 | $1.91 | $1.52 | $0.93 |
| Revenue Per Share | $18.11 | $19.39 | $14.79 | $4.09 | $7.78 |
| Shares | |||||
| Basic Shares Outstanding | 38.7M | 36.9M | 32.7M | 32.2M | 31.9M |
| Diluted Shares Outstanding | 39.3M | 38.2M | 35.8M | 34.5M | 34.1M |
| Profitability Metrics | |||||
| EBITDA | 475.0M | 511.3M | 98.4M | — | 46.7M |
| D&A | 1.7M | 2.0M | 2.0M | 2.3M | 2.1M |
| EBIT | 473.6M | 511.3M | 96.4M | (2.3M) | 44.6M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026