See more : Medibank Private Limited (MPL.AX) 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.
You may be interested
- Rodex Fasteners Corp. (5015.TWO) Income Statement Analysis – Financial Results
- Petroteq Energy Inc. (PQEFF) Income Statement Analysis – Financial Results
- Public Joint Stock Company Kurgan Generation Company (KGKC.ME) Income Statement Analysis – Financial Results
- China Zheshang Bank Co., Ltd (601916.SS) Income Statement Analysis – Financial Results
- Bharat Wire Ropes Limited (BHARATWIRE.NS) Income Statement Analysis – Financial Results
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 |
Velocity Financial, Inc. Reports First 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 $17.3 million and core net income of $18.2 million for 1Q24, compared to net income of $10.6 million...
Velocity Financial, Inc. Announces Date of First 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 first quarter 2024 results after the market close on Thursday, May 2, 2024. Velocity's executive management team will host a conference...
Surging Earnings Estimates Signal Upside for Velocity Financial (VEL) Stock
Velocity Financial (VEL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Best Momentum Stock to Buy for March 19th
VEL, VEEV and GM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 19, 2024.
Velocity Financial, Inc. (VEL) Q4 2023 Earnings Call Transcript
Velocity Financial, Inc. (NYSE:VEL) Q4 2023 Results Conference Call March 7, 2024 5:00 PM ET
Velocity Financial, Inc. Corrects Typographical Error in Fourth Quarter and Full-Year 2023 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), filed its fourth quarter and full year 2023 results on March 7, 2024. It has recently come to management's attention that the earnings release contained a typographical error. The ninth...
Velocity Financial (VEL) Beats Q4 Earnings and Revenue Estimates
Velocity Financial (VEL) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.27 per share a year ago.
Velocity Financial, Inc. Reports Fourth Quarter and Full-Year 2023 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 $52.3 million and core net income of $53.4 million for full-year 2023, compared to net income of $32.2...
Velocity Financial, Inc. Announces Issuance of $75 Million of Senior Secured Notes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced the issuance of $75 million principal amount of five-year senior secured notes (the ”Notes”) by Velocity Commercial Capital, LLC, a...
Velocity Financial, Inc. Announces Date of Fourth Quarter and Full-Year 2023 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 fourth quarter and full-year 2023 results after the market close on Thursday, March 7, 2024. Velocity's executive management team will host...
Source: https://incomestatements.info
Category: Stock Reports