VEL

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Velocity Financial, Inc.

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Key Metrics

Previous Close: $18.17
52-Week Range: $16.65 – $21.40
Market Cap: $723.30M
P/E (TTM): 6.64
EPS (TTM): 2.76
Dividend Yield: —

Advanced Metrics

Price/Book: 1.04
PEG Ratio: —
Return on Equity: 16.32%
Return on Assets: 1.50%
Gross Margin: 75.67%
Operating Margin: 52.09%
Profit Margin: 37.91%
Current Ratio: 15.55
Debt/Equity: 9.72
Total Debt: $7.05B
Free Cash Flow: —
Revenue Growth: 22.70%
Earnings Growth: -6.90%
Enterprise Value: $7.70B

VEL Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$91.19M	$155.51M	$211.74M	$311.52M
Selling, General & Admin	$35.93M	$52.99M	$74.55M	$94.95M
Pretax Income	$44.55M	$71.13M	$96.39M	$146.24M
Income Tax	$12.03M	$18.83M	$27.93M	$41.26M
Net Income	$32.21M	$52.27M	$68.42M	$105.05M
Diluted EPS	0.94	1.52	1.91	2.75
Diluted Shares	34.13M	34.48M	35.76M	38.18M

VEL Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$45.42M	$40.76M	$49.90M	$92.10M
Receivables	$95.48M	$120.87M	$160.09M	$204.04M
Total Assets	$3.75B	$4.40B	$5.53B	$7.38B
Long-Term Debt	$2.95B	$3.51B	$4.51B	$6.23B
Total Debt	$3.28B	$3.84B	$4.86B	$6.54B
Total Liabilities	$3.37B	$3.97B	$5.01B	$6.71B
Retained Earnings	$76.63M	$128.91M	$197.32M	$302.38M
Shareholders' Equity	$376.81M	$433.44M	$516.94M	$672.53M
Net Debt	$3.23B	$3.80B	$4.81B	$6.45B

VEL Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$48.67M	$48.84M	$37.76M	$18.16M
Capital Expenditure	-$326.00K	-$180.00K	-$5.05M	-$1.57M
Free Cash Flow	$48.35M	$48.66M	$32.71M	$16.59M
Depreciation & Amortisation	$2.12M	$2.30M	$2.00M	$2.02M
Stock-Based Compensation	$3.34M	$4.13M	$6.16M	$8.28M
Investing Cash Flow	-$908.24M	-$584.73M	-$1.05B	-$1.52B
Financing Cash Flow	$874.02M	$535.77M	$1.02B	$1.68B
Share Repurchases	-$458.00K	-$861.00K	-$1.55M	-$7.33M
Net Change in Cash	$14.45M	-$129.00K	$8.90M	$178.41M

VEL Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$62.11M	$78.03M	$77.25M	$94.13M	$77.15M
Selling, General & Admin	$21.96M	$22.90M	$23.57M	$26.51M	$23.86M
Pretax Income	$26.89M	$33.92M	$35.38M	$50.05M	$30.88M
Income Tax	$8.25M	$7.75M	$9.96M	$15.30M	$8.58M
Net Income	$18.89M	$26.00M	$25.37M	$34.80M	$22.36M
Diluted EPS	0.51	0.69	0.65	0.89	0.57
Diluted Shares	36.81M	37.79M	38.80M	39.24M	39.17M

VEL Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$51.68M	$79.56M	$98.96M	$92.10M	$87.05M
Receivables	$162.07M	$186.34M	$181.07M	$204.04M	$196.30M
Total Assets	$5.97B	$6.48B	$6.96B	$7.38B	$7.59B
Long-Term Debt	$4.68B	$5.38B	$5.82B	$6.23B	$6.62B
Total Debt	$5.25B	$5.71B	$6.15B	$6.54B	$6.72B
Total Liabilities	$5.41B	$5.87B	$6.32B	$6.71B	$6.90B
Retained Earnings	$216.21M	$242.21M	$267.58M	$302.38M	$324.74M
Shareholders' Equity	$563.19M	$597.89M	$634.26M	$672.53M	$693.35M
Net Debt	$5.20B	$5.63B	$6.05B	$6.45B	$6.63B

VEL Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$3.54M	$7.66M	$11.45M	-$4.49M	$12.09M
Capital Expenditure	-$99.00K	-$78.00K	-$146.00K	-$1.24M	-$340.00K
Free Cash Flow	$3.44M	$7.58M	$11.31M	-$5.73M	$11.75M
Depreciation & Amortisation	$607.00K	$338.00K	$323.00K	$752.00K	$320.00K
Stock-Based Compensation	$1.97M	$2.03M	$2.15M	$2.13M	$2.69M
Investing Cash Flow	-$401.41M	-$441.20M	-$429.07M	-$250.10M	-$351.37M
Financing Cash Flow	$401.51M	$456.26M	$438.24M	$386.01M	$202.10M
Share Repurchases	-$2.16M	-$4.99M	-$179.00K	-$1.00K	-$4.54M
Net Change in Cash	$3.63M	$22.73M	$20.62M	$131.43M	-$137.19M

Market Snapshot

About

Velocity Financial is a specialty finance company that originates and manages investor loans secured by residential rental properties. The company provides financing solutions for real estate investors acquiring single-family and small multi-family rental properties. Velocity focuses on the fix-and-flip and rental property investment markets.