See more : Lexeo Therapeutics, Inc. Common Stock (LXEO) Income Statement Analysis – Financial Results
Complete financial analysis of Velocity Financial, Inc. (VEL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Velocity Financial, Inc., a leading company in the Financial – Mortgages industry within the Financial Services sector.
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Velocity Financial, Inc. (VEL)
About Velocity Financial, Inc.
Velocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 14 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 131.72M | 93.08M | 75.88M | 65.97M | 54.26M | 45.60M | 33.64M | 24.65M | 56.50M | 26.49M |
| Cost of Revenue | 0.00 | 12.73M | 13.41M | 12.80M | 9.86M | 7.44M | 6.10M | 4.17M | 3.14M | 1.79M |
| Gross Profit | 131.72M | 80.34M | 62.47M | 53.17M | 44.40M | 38.16M | 27.54M | 20.48M | 53.36M | 24.70M |
| Gross Profit Ratio | 100.00% | 86.32% | 82.33% | 80.60% | 81.82% | 83.68% | 81.87% | 83.08% | 94.44% | 93.23% |
| Research & Development | 0.00 | 0.18 | 0.21 | 0.13 | 0.16 | 0.15 | 0.14 | 0.09 | 0.00 | 0.00 |
| General & Administrative | 4.60M | 32.21M | 27.95M | 22.47M | 22.80M | 21.45M | 16.73M | 12.99M | 0.00 | 0.00 |
| Selling & Marketing | 50.27M | 1.42M | 661.00K | 578.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 52.99M | 32.21M | 27.95M | 22.47M | 22.80M | 21.45M | 16.73M | 12.99M | 0.00 | 7.45M |
| Other Expenses | 0.00 | 55.49M | -64.04M | -65.31M | -51.67M | 28.11M | 24.91M | 19.99M | -10.24M | 0.00 |
| Operating Expenses | 54.87M | 59.67M | -36.09M | -42.84M | -28.87M | 49.57M | 41.64M | 32.98M | 10.24M | 7.45M |
| Cost & Expenses | 54.87M | 59.67M | -36.09M | -42.84M | -28.87M | 49.57M | 41.64M | 32.98M | 13.76M | 9.24M |
| Interest Income | 310.78M | 240.34M | 181.97M | 167.32M | 157.53M | 124.72M | 97.83M | 78.42M | 0.00 | 0.00 |
| Interest Expense | 203.02M | 157.20M | 106.00M | 99.88M | 98.52M | 75.92M | 61.29M | 50.83M | 34.88M | 0.00 |
| Depreciation & Amortization | 2.30M | 53.88M | 45.20M | 49.38M | 132.14M | 107.55M | 23.92M | 20.90M | 0.00 | 0.00 |
| EBITDA | 0.00 | 22.23M | 0.00 | 0.00 | 0.00 | 0.00 | 77.08M | 58.59M | 42.74M | 17.25M |
| EBITDA Ratio | 0.00% | 187.04% | 55.62% | 38.77% | 51.35% | 211.84% | 227.33% | 235.88% | 76.32% | 65.12% |
| Operating Income | 76.85M | 171.97M | 39.79M | 23.13M | 25.40M | 95.17M | 75.28M | 57.62M | 43.12M | 17.25M |
| Operating Income Ratio | 58.34% | 184.76% | 52.44% | 35.06% | 46.81% | 208.70% | 223.79% | 233.80% | 76.32% | 65.12% |
| Total Other Income/Expenses | -5.72M | -13.39M | -21.23M | -20.11M | -17.79M | -11.09M | -8.43M | -6.17M | -35.59M | -23.55M |
| Income Before Tax | 71.13M | 44.55M | 39.79M | 23.13M | 25.40M | 19.25M | 13.99M | 6.80M | 7.15M | -6.30M |
| Income Before Tax Ratio | 54.00% | 47.87% | 52.44% | 35.06% | 46.81% | 42.21% | 41.59% | 27.58% | 12.66% | -23.79% |
| Income Tax Expense | 18.83M | 12.03M | 10.57M | 5.35M | 8.11M | 8.70M | 76.31M | 59.53M | 0.00 | 0.00 |
| Net Income | 52.27M | 32.21M | 29.22M | 17.78M | 17.29M | 10.55M | 13.99M | 6.80M | 7.15M | -6.30M |
| Net Income Ratio | 39.69% | 34.61% | 38.51% | 26.95% | 31.87% | 23.13% | 41.59% | 27.58% | 12.66% | -23.79% |
| EPS | 1.60 | 0.99 | 1.28 | 0.88 | 0.86 | 0.90 | 1.19 | 0.58 | 0.36 | -0.31 |
| EPS Diluted | 1.49 | 0.93 | 0.86 | 0.88 | 0.86 | 0.90 | 1.19 | 0.58 | 0.36 | -0.31 |
| Weighted Avg Shares Out | 32.21M | 31.91M | 22.81M | 20.09M | 20.09M | 11.75M | 11.75M | 11.75M | 20.09M | 20.09M |
| Weighted Avg Shares Out (Dil) | 34.48M | 34.13M | 33.98M | 20.09M | 20.09M | 11.75M | 11.75M | 11.75M | 20.09M | 20.09M |
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Velocity Financial, Inc. (VEL) Q2 2024 Earnings Call Transcript
Velocity Financial, Inc. (NYSE:VEL ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Chris Oltmann - Treasurer Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James...
Velocity Financial (VEL) Tops Q2 Earnings Estimates
Velocity Financial (VEL) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.38 per share a year ago.
Velocity Financial, Inc. Reports Second Quarter 2024 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $14.7 million and core net income of $15.9 million for 2Q24, compared to net income of $12.2 million...
Velocity Financial, Inc. Announces Date of Second Quarter 2024 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its second quarter 2024 results after the market close on Thursday, August 1, 2024. Velocity's executive management team will host a conference...
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IKNA, AVAH, and VEL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 12, 2024.
Velocity Commercial Capital Securitization Ratings Affirmed and Upgraded by Kroll Bond Rating Agency
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced that Kroll Bond Rating Agency (“KBRA”) has reviewed the ratings on 19 of the outstanding securitizations issued by its wholly-owned...
Velocity Financial (VEL) Upgraded to Strong Buy: Here's What You Should Know
Velocity Financial (VEL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Velocity Financial, Inc. (VEL) Q1 2024 Earnings Call Transcript
Velocity Financial, Inc. (NYSE:VEL ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Chris Oltmann - Treasurer Chris Farrar - President & Chief Executive Officer Mark Szczepaniak - Chief Financial Officer Conference Call Participants Stephen...
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