Velocity Financial, Inc. (VEL) Financial Statements
Industry: Finance Services
In fiscal 2025, Velocity Financial reported revenue of $349.4M, up 47.3% from $237.2M the year before. Net income was $105.1M (a 30.1% net margin), or $2.75 per diluted share. Net interest income was $185.8M, and the efficiency ratio (noninterest expense / revenue) was 56.5%. Operating activities generated $18.2M of cash, leaving $17.9M of free cash flow. At fiscal year end, Velocity Financial held $7.38B in total assets against $6.71B in total liabilities, including $92.1M of cash and equivalents.
Open the full interactive Velocity Financial financials → Quarterly statements, key ratios, valuation history and price charts.
Velocity Financial Key Stats
| Share Price | $14.67 |
|---|---|
| Market Cap | $576.6M |
| P/E Ratio | 5.3 |
| Revenue YoY Growth | +47.3% |
| 52-Week Range | $14.56 – $20.76 |
| Shares Outstanding | 38.7 million (basic, 2026 Q2) |
Velocity Financial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $67.4M | $76.0M | $83.1M | $107.8M | $135.8M | $185.8M |
| Provision for Credit Losses | $5.1M | -$292,000 | $1.2M | $1.9M | $1.2M | $5.8M |
| Noninterest Income | $6.3M | $8.2M | $22.2M | $65.9M | $101.4M | $163.6M |
| Noninterest Expense | $45.6M | $44.7M | $59.7M | $100.6M | $139.6M | $197.4M |
| Revenue | $73.8M | $84.2M | $105.4M | $173.7M | $237.2M | $349.4M |
| Pre-Tax Income | $23.1M | $39.8M | $44.6M | $71.1M | $96.4M | $146.2M |
| Income Tax | $5.4M | $10.6M | $12.0M | $18.8M | $27.9M | $41.3M |
| Net Income | $17.8M | $29.2M | $32.2M | $52.3M | $68.4M | $105.1M |
| Diluted EPS | -$1.55 | $0.86 | $0.94 | $1.52 | $1.91 | $2.75 |
Velocity Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $86.2M | $104.9M | $86.9M | $96.0M |
| Net Income | $25.4M | $34.8M | $22.4M | $25.2M |
| Diluted EPS | $0.65 | $0.91 | $0.57 | $0.64 |
Velocity Financial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.3M | $36.0M | $45.2M | $40.6M | $49.9M | $92.1M |
| Loans (Net) | $1.96B | $2.62B | $3.55B | $4.15B | — | — |
| Total Assets | $2.10B | $2.81B | $3.75B | $4.40B | $5.53B | $7.38B |
| Total Liabilities | $1.79B | $2.47B | $3.37B | $3.97B | $5.01B | $6.71B |
| Shareholders' Equity | $219.6M | $341.1M | $376.8M | $433.4M | $516.9M | $672.5M |
Velocity Financial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $54.9M | $57.6M | $48.7M | $48.8M | $37.8M | $18.2M |
| Cash From Investing | $87.7M | -$656.5M | -$908.2M | -$584.7M | -$1.05B | -$1.52B |
| Cash From Financing | -$149.9M | $626.2M | $874.0M | $535.8M | $1.02B | $1.68B |
| Free Cash Flow | $54.2M | $57.5M | $48.3M | $48.7M | $37.5M | $17.9M |
Figures from Velocity Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Velocity Financial financials page for every line item.
Velocity Financial Company Profile
| Ticker | VEL |
|---|---|
| Exchange | NYSE |
| Industry | Finance Services |
| Headquarters | Westlake Village, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001692376 |
Frequently Asked Questions
What was Velocity Financial's revenue in fiscal 2025?
Velocity Financial (VEL) reported revenue of $349.4M for fiscal 2025.
What is Velocity Financial's annual revenue history?
Velocity Financial's annual revenue by fiscal year: 2020: $73.8M; 2021: $84.2M; 2022: $105.4M; 2023: $173.7M; 2024: $237.2M; 2025: $349.4M.
What was Velocity Financial's net income in fiscal 2025?
Velocity Financial reported net income of $105.1M for fiscal 2025.
What was Velocity Financial's earnings per share (EPS) in fiscal 2025?
Velocity Financial's diluted EPS was $2.75 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Velocity Financial generate in fiscal 2025?
Velocity Financial generated $17.9M of free cash flow in fiscal 2025.
What was Velocity Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), Velocity Financial reported revenue of $96.0M.
How many shares of Velocity Financial are outstanding?
Velocity Financial reported a weighted average of 38.7 million basic shares outstanding in 2026 Q2.
What is Velocity Financial's market cap?
Based on its latest closing price, Velocity Financial (VEL) has a market capitalization of about $576.6M.
When does Velocity Financial's fiscal year end?
Velocity Financial's fiscal year end, as registered with the SEC, is December 31.
Where is Velocity Financial headquartered?
Velocity Financial lists its business address in Westlake Village, California in its SEC filings.