Velocity Financial Inc. (VEL)

NYSE: VEL · Real-Time Price · USD

17.81

-0.06 (-0.34%)

At close: May 01, 2025, 3:59 PM

17.00

-4.55%

After-hours: May 01, 2025, 06:56 PM EDT

Velocity Financial Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Revenue	211.74M	131.72M	94.33M	75.31M	69.95M	n/a	49.8M	99.8M	78.98M
Cost of Revenue	n/a	n/a	13.99M	13.41M	12.8M	n/a	7.44M	6.1M	58.5M
Gross Profit	211.74M	131.72M	80.34M	61.91M	57.16M	n/a	42.36M	93.7M	20.48M
Operating Income	101.4M	76.85M	22.23M	39.79M	23.13M	25.4M	30.34M	75.28M	57.62M
Interest Income	406.84M	310.77M	240.34M	181.97M	167.32M	157.53M	124.72M	97.83M	78.42M
Pretax Income	96.39M	71.13M	44.55M	39.79M	23.13M	25.4M	19.25M	13.99M	6.8M
Net Income	68.42M	52.27M	32.21M	29.22M	17.78M	17.29M	7.63M	13.99M	6.8M
Selling & General & Admin	7.62M	52.99M	35.93M	24.04M	25.23M	22.8M	21.45M	16.73M	12.99M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	132.02M	n/a	42.76M	n/a	40.73M	-51.67M	n/a	n/a	19.99M
Operating Expenses	139.64M	54.87M	46.94M	22.11M	65.97M	-28.86M	19.46M	14.68M	32.98M
Interest Expense	247.22M	203.02M	157.19M	106M	99.88M	98.52M	75.92M	61.29M	50.83M
Selling & Marketing Expenses	n/a	50.27M	1.42M	661K	578K	n/a	n/a	n/a	n/a
Cost & Expenses	211.74M	54.87M	59.67M	44.66M	65.97M	-28.86M	19.46M	20.78M	32.98M
Income Tax Expense	27.93M	18.83M	12.03M	10.57M	5.35M	8.11M	11.62M	n/a	n/a
Shares Outstanding (Basic)	32.65M	32.21M	31.91M	22.81M	20.09M	113.59M	11.75M	11.75M	11.75M
Shares Outstanding (Diluted)	35.76M	34.48M	34.13M	33.98M	20.09M	113.59M	11.75M	11.75M	11.75M
EPS (Basic)	2.12	1.60	0.99	0.90	-1.55	0.86	0.65	1.19	0.58
EPS (Diluted)	1.94	1.52	0.94	0.86	-1.55	0.86	0.90	1.19	0.58
EBITDA	n/a	n/a	n/a	n/a	n/a	n/a	n/a	77.08M	58.59M
EBIT	-2M	-2.3M	-2.12M	-2.41M	-2.45M	-2.47M	-1.43M	75.88M	58.07M
Depreciation & Amortization	2M	2.3M	n/a	2.41M	2.45M	2.47M	1.43M	1.19M	514K