See more : TAPARIA TOOLS LTD. (TAPARIA.BO) 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 |
Velocity Financial, Inc. (VEL) Q3 2023 Earnings Call Transcript
Velocity Financial, Inc. (NYSE:VEL ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Chris Oltmann - Treasurer Chris Farrar - President and CEO Mark Szczepaniak - Chief Financial Officer Conference Call Participants Stephen Laws -...
Velocity Financial, Inc. Reports Third Quarter 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 $12.1 million and core net income of $12.9 million for 3Q23, compared to net income and core net...
Velocity Financial, Inc. Announces Date of Third Quarter 2023 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in business purpose loans, will release its third quarter 2023 results after the market close on Thursday, November 2, 2023. Velocity's executive management team will host a conference...
Is the Options Market Predicting a Spike in Velocity Financial (VEL) Stock?
Investors need to pay close attention to Velocity Financial (VEL) stock based on the movements in the options market lately.
3 Mortgage & Related Services Stocks to Watch Amid Industry Woes
High mortgage rates and low origination volumes are hurting the Zacks Mortgage & Related Services industry's prospects. Nonetheless, stocks like AGM, VEL and TREE are better positioned to escape the industry challenges.
Velocity Financial (VEL) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
Velocity Financial (VEL) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher...
Velocity Financial, Inc. (VEL) Q2 2023 Earnings Call Transcript
Velocity Financial, Inc. (NYSE:VEL ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Chris Oltmann – Treasurer Chris Farrar – President and Chief Executive Officer Mark Szczepaniak – Chief Financial Officer Conference Call Participants Steve...
Velocity Financial (VEL) Q2 Earnings Beat Estimates
Velocity Financial (VEL) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.31 per share a year ago.
Velocity Financial, Inc. Reports Second Quarter 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 $12.2 million and core net income of $12.9 million for 2Q23, compared to net income of $10.6 million...
All You Need to Know About Velocity Financial (VEL) Rating Upgrade to Strong Buy
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.
Source: https://incomestatements.info
Category: Stock Reports