Velocity Financial, Inc. (VEL) — Financial statements
Income statement, balance sheet, and cash flow for Velocity Financial, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 714↑48.0% | 483↑266.5% | 132↓47.0% | 248↑37.0% | 181 | |
| Cost of Revenue | 33↓87.7% | 272 | 0.00↓100.0% | 158↑49.8% | 106 | |
| Gross Profit | 681↑223.4% | 211↑59.9% | 132↑46.3% | 90↑19.1% | 76 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 6↓91.7% | 73↑40.7% | 52↑51.0% | 35↑47.6% | 23 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 1↑41.9% | 0.87↓38.6% | 1↑115.0% | 0.66 | |
| SG&A Expenses | 6↓91.8% | 75↑40.7% | 53↑47.5% | 36↑49.5% | 24 | |
| Other Expenses | 164↑313.0% | 40↑2012.2% | 2↓80.4% | 10↓18.9% | 12 | |
| Operating Expenses | 170↑48.7% | 114↑108.1% | 55↑20.6% | 45↑27.0% | 36 | |
| Total Costs & Expenses | 203↓47.4% | 386↑604.2% | 55↓73.1% | 204↑44.0% | 142 | |
| Operating Results | ||||||
| Operating Income | 511↑430.4% | 96↑25.4% | 77↑72.5% | 45↑12.0% | 40 | |
| Depreciation & Amortization | 2↑1.0% | 2↓12.9% | 2↑8.6% | 2↓12.2% | 2 | |
| EBITDA | 511↑419.6% | 98 | 0.00↓100.0% | 47↑10.6% | 42 | |
| EBIT | 511↑430.4% | 96↑4296.4% | -2↓105.2% | 45↑12.0% | 40 | |
| Interest & Other Income | ||||||
| Net Interest Income | 186↑16.4% | 160↑41.3% | 113↑35.8% | 83↑9.4% | 76 | |
| Interest Income | 551↑35.4% | 407↑28.8% | 316↑31.5% | 240↑32.1% | 182 | |
| Interest Expense | 365↑47.7% | 247↑21.8% | 203↑29.2% | 157↑48.3% | 106 | |
| Non-Operating Income | 0.00 | 0.00↓100.0% | 79 | 0.00 | 0.00 | |
| Other Income / Expenses | -365 | 0.00↑100.0% | -6 | 0.00 | 0.00 | |
| Income Before Tax | 146↑51.7% | 96↑35.5% | 71↑59.6% | 45↑12.0% | 40 | |
| Income Tax Expense | 41↑47.7% | 28↑48.3% | 19↑56.5% | 12↑13.9% | 11 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 105↑53.4% | 68↑30.9% | 52↑60.8% | 33↑11.3% | 29 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 105↑53.5% | 68↑30.9% | 52↑62.3% | 32↑10.2% | 29 | |
| Bottom-Line Net Income | 105↑55.4% | 68↑31.2% | 52↑62.4% | 32↑53.7% | 21 | |
| EPS (Basic) | 2.81↑35.7% | 2.07↑29.4% | 1.60↑61.6% | 0.99↑10.0% | 0.90 | |
| EPS (Diluted) | 2.75↑44.0% | 1.91↑25.7% | 1.52↑63.4% | 0.93↑8.1% | 0.86 | |
| Weighted Average Shares | 37↑12.9% | 33↑1.4% | 32↑0.9% | 32↑39.9% | 23 | |
| Weighted Average Diluted Shares | 38↑6.8% | 36↑3.7% | 34↑1.0% | 34↑0.4% | 34 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.