See more : 88 Energy Limited (88E.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.
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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 Chris Farrar on Q1 2021 Results - Earnings Call Transcript
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SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Velocity Financial, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors
NEW YORK, May 6, 2021 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Velocity Financial, Inc....
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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 first quarter 2021 results after the market close on Thursday, May 6, 2021. Velocity’s...
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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”) reported net income and core income of $9.6 million for the fourth quarter of 2020 and diluted earnings per common share of $0.29. Book value per common share...
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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 fourth quarter and full year 2020 results after the market close on Tuesday, March...
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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 fourth quarter and full year 2020 results after the market close on Tuesday, March...
Source: https://incomestatements.info
Category: Stock Reports