Velocity Financial Inc. (VEL)

NYSE: VEL · Real-Time Price · USD

16.97

-0.88 (-4.93%)

At close: May 02, 2025, 12:46 PM

Velocity Financial Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017
Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Revenue	281.24M	379.85M	348.66M	334.88M	257.95M	188.82M	120.11M	109.81M	108M	92.77M	119.33M	114.59M	109.72M	110.74M	81.86M	76.91M	65.24M	66.75M	60.35M	59.29M	61.32M	82.42M	99.86M	118.73M	135.88M	110.57M	89.22M	81.83M	75.11M	84.54M	72.18M	46.28M	21.98M
Cost of Revenue	27.18M	35.41M	29.44M	28.28M	27.22M	15.05M	16.05M	16.03M	15.99M	22.75M	10.01M	9.99M	10M	10.23M	11.98M	11.13M	7.74M	8.29M	6.54M	5.47M	7.45M	28.15M	51.17M	70.7M	87.79M	63.5M	40.49M	20.39M	2.51M	3.59M	3.59M	2.27M	1.07M
Gross Profit	254.06M	344.44M	319.22M	306.6M	230.73M	173.77M	104.06M	93.78M	92.01M	70.03M	109.32M	104.6M	99.72M	100.51M	69.87M	65.78M	57.5M	58.46M	53.81M	53.81M	53.86M	54.26M	48.69M	48.03M	48.09M	47.06M	48.73M	61.44M	72.6M	80.95M	68.6M	44M	20.91M
Operating Income	248.2M	302.5M	277.22M	273.85M	201.1M	113.35M	58.84M	43.99M	44.75M	50.4M	62.45M	60.28M	63.22M	60.37M	27.18M	35.18M	6.54M	5.36M	1.69M	3.91M	23.94M	51.34M	73.25M	87.3M	102.15M	81.1M	64.77M	59.91M	53.88M	62.26M	54.04M	34.29M	16.35M
Interest Income	436.51M	408.3M	379.63M	353.65M	330.78M	310.77M	290.14M	274.47M	258.81M	240.34M	224.07M	207.57M	193.31M	181.97M	174.16M	168.62M	163.39M	167.32M	169.89M	168.9M	166.02M	157.53M	146.97M	138.79M	132.21M	96.06M	62.5M	30.3M	n/a	n/a	n/a	n/a	n/a
Pretax Income	100.05M	96.39M	86.66M	82.66M	79.61M	71.13M	60.51M	57.32M	55.29M	44.55M	44.24M	41.12M	39.21M	39.79M	40.17M	34.27M	24.01M	23.13M	19.52M	20.17M	22.52M	25.4M	20.67M	19.84M	20.83M	19.73M	22.03M	20.88M	17.63M	13.99M	8.27M	4.57M	1.85M
Net Income	69.82M	68.42M	65.19M	61.47M	58.88M	52.27M	43.38M	41.28M	39.74M	32.21M	32.1M	30.14M	28.95M	29.22M	30.45M	25.91M	18.59M	17.78M	13.38M	13.78M	15.18M	17.29M	14.06M	13.5M	14.29M	10.55M	14.31M	14.69M	13.09M	13.99M	8.27M	4.57M	1.85M
Selling & General & Admin	44.68M	58.75M	53.76M	64.45M	58.4M	52.99M	50.68M	44.92M	40.77M	36.08M	32.12M	30.07M	28.07M	27.95M	26.86M	27.78M	29.11M	28.96M	28.09M	26.07M	23.96M	22.8M	21.82M	21.86M	21.73M	21.97M	16.91M	17.63M	18.72M	18.69M	14.56M	9.71M	4.56M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	67.7M	14.07M	-4.34M	-9.01M	-9.01M	27.17M	57.91M	47.35M	47.35M	32.86M	29.77M	32.96M	32.96M	32.29M	32.95M	25.55M	32.82M	34.34M	30.54M	31.14M	31.64M	31.55M	26.96M	26.26M	26.37M	17.12M	15.63M	7.87M	n/a	n/a	n/a	n/a	n/a
Operating Expenses	90.64M	51.08M	51.13M	61.09M	61M	91.79M	120.21M	93.38M	88.14M	68.96M	61.91M	69.62M	76.66M	75.88M	75.44M	63.91M	56.88M	51.88M	47.21M	50.84M	49.23M	54.35M	48.78M	48.12M	48.19M	39.19M	35.14M	28.1M	21.22M	21.2M	14.56M	9.71M	4.56M
Interest Expense	278.93M	264.9M	245.81M	233.66M	217.91M	203.02M	192.47M	179.32M	162.67M	157.19M	140.33M	126.57M	118.51M	105.99M	101.21M	100.66M	98.87M	99.88M	103.29M	104.7M	105.3M	98.52M	92.9M	86.99M	81.31M	58.9M	37.76M	18M	n/a	n/a	n/a	n/a	n/a
Selling & Marketing Expenses	1.24M	1.24M	872K	872K	872K	872K	1.42M	1.42M	1.42M	1.42M	110K	110K	110K	110K	n/a	n/a	n/a	1K	2.44M	2.44M	2.44M	2.44M	n/a	n/a	n/a	4.07M	7.83M	7.83M	7.83M	3.77M	n/a	n/a	n/a
Cost & Expenses	71.16M	82.02M	76.94M	81.88M	85.2M	107.76M	123.62M	96.79M	88.14M	68.96M	61.91M	69.62M	66.7M	63.08M	62.63M	54.06M	56.99M	58.42M	53.75M	54.43M	52.81M	54.35M	48.78M	48.12M	48.19M	39.19M	32.63M	26.91M	21.23M	22.28M	18.14M	11.98M	5.63M
Income Tax Expense	30.27M	27.92M	21.83M	21.28M	20.72M	18.83M	17.16M	15.85M	15.26M	12.03M	11.59M	10.74M	10.15M	10.57M	9.72M	8.36M	5.41M	5.35M	6.14M	6.39M	7.35M	8.11M	6.61M	6.34M	6.55M	7.5M	6.04M	4.51M	2.86M	n/a	n/a	n/a	n/a
Shares Outstanding (Basic)	33.69M	32.65M	32.71M	32.59M	32.54M	32.33M	32.27M	32.12M	32.1M	31.92M	31.92M	31.92M	31.89M	30.9M	20.09M	20.09M	20.09M	20.09M	20.09M	20.09M	20.09M	113.59M	19M	11.75M	20.09M	113.59M	11.75M	20.09M	20.09M	113.59M	20.09M	20.09M	20.09M
Shares Outstanding (Diluted)	36.81M	36.1M	35.9M	35.6M	35.44M	34.99M	34.73M	34.14M	34.05M	34.06M	34.2M	34.06M	34.2M	34.26M	34.21M	33.96M	33.41M	32.79M	32.44M	20.09M	20.09M	113.59M	19M	11.75M	20.09M	113.59M	11.75M	20.09M	20.09M	113.59M	20.09M	20.09M	20.09M
EPS (Basic)	2.10	2.07	1.98	1.87	1.79	1.60	1.33	1.27	1.23	1.00	1.00	0.94	0.90	0.91	1.13	1.05	-1.57	-1.55	-1.77	-1.74	0.89	1.16	1.07	1.15	1.22	1.05	0.93	0.83	0.60	0.46	0.41	0.23	0.09
EPS (Diluted)	1.94	1.91	1.83	1.74	1.68	1.51	1.26	1.20	1.15	0.93	0.93	0.87	0.84	0.85	0.90	0.78	-1.83	-1.8	-1.83	-1.74	0.89	1.16	1.07	1.15	1.22	1.05	0.93	0.83	0.60	0.46	0.41	0.23	0.09
EBITDA	163.24M	217.07M	191.72M	191.72M	169.15M	81.88M	57.85M	60.36M	60.36M	66M	48.3M	45.8M	45.8M	40.15M	n/a	n/a	n/a	n/a	n/a	32.37M	32.37M	61.68M	86.53M	79.16M	103.59M	96.54M	93.54M	88.29M	81.8M	75.88M	54.04M	34.29M	16.35M
EBIT	294.87M	279.63M	253.83M	253.93M	166.84M	79.58M	55.77M	55.77M	55.76M	55.73M	37.92M	37.84M	37.87M	37.74M	-2.38M	-2.4M	-2.51M	-2.45M	-2.53M	29.92M	29.92M	59.84M	85.37M	78.54M	103.59M	96.54M	93.54M	88.29M	81.8M	75.88M	54.04M	34.29M	16.35M
Depreciation & Amortization	-67.06M	2M	2.45M	2.36M	2.32M	2.3M	2.07M	2.07M	2.08M	2.12M	2.23M	2.31M	2.28M	2.41M	2.38M	2.4M	2.51M	2.45M	2.53M	2.44M	2.45M	2.47M	2.14M	1.97M	1.35M	729K	364K	n/a	n/a	n/a	n/a	n/a	n/a