See more : AltaGas Ltd. (ATGFF) 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) CEO Christopher Farrar on Q3 2021 Results - Earnings Call Transcript
Velocity Financial, Inc. (VEL) CEO Christopher Farrar on Q3 2021 Results - Earnings Call Transcript
Velocity Financial (VEL) Q3 Earnings and Revenues Beat Estimates
Velocity Financial (VEL) delivered earnings and revenue surprises of 9.52% and 14.58%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
Velocity Financial, Inc. Announces Date of Third Quarter 2021 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance investor loans, announced today that it is scheduled to release its third quarter 2021 results after the market close on Wednesday, November 3, 2021. Velocity’s...
Velocity Financial Announces Conversion of Series A Preferred Stock
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced the voluntary conversion of all 45,000 outstanding shares of the Company's Series A Convertible Preferred Stock into 11,688,310...
Velocity Financial Announces Closing of $205 Million Securitization; Seventeenth Securitization Since 2011
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that it has closed its second securitization transaction of 2021, in aggregate $205 million of Mortgage-Backed Certificates, series...
Velocity Financial, Inc.'s (VEL) CEO Christopher Farrar on Q2 2021 Results - Earnings Call Transcript
Velocity Financial, Inc.'s (VEL) CEO Christopher Farrar on Q2 2021 Results - Earnings Call Transcript
Velocity Financial, Inc. Announces Date of Second Quarter 2021 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance investor loans, announced today that it is scheduled to release its second quarter 2021 results after the market close on Thursday, August 5, 2021. Velocity’s...
Velocity Financial, Inc. Announces Date of Second Quarter 2021 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance investor loans, announced today that it is scheduled to release its second quarter 2021 results after the market close on Thursday, August 5, 2021. Velocity's...
3 Mortgage & Related Services Stocks to Battle Industry Woes
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Source: https://incomestatements.info
Category: Stock Reports