Velocity Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Interest Income	173.03	135.8	107.75	83.15	75.97	67.45
Net Interest Income Growth	35.53%	26.04%	29.59%	9.44%	12.64%	14.30%
Non-Interest Income	126.98	101.4	65.91	24.32	9.8	6.32
Non-Interest Income Growth	40.14%	53.84%	171.01%	148.21%	55.03%	138.58%
Revenues Before Loan Losses	300.01	237.2	173.66	107.47	85.77	73.77
Provision for Credit Losses	3.87	1.17	1.92	1.15	-0.29	5.07
Revenue	296.13	236.03	171.75	106.32	86.06	68.7
Revenue Growth (YoY)	36.91%	37.43%	61.54%	23.53%	25.27%	13.51%
Compensation Expenses	87.67	69.59	48.34	30.46	19.19	20.73
Selling, General & Admin	17.62	19.16	15.05	15.09	13.47	14.38
Other Non-Interest Expenses	78.34	50.89	37.23	16.21	13.61	10.46
Total Non-Interest Expense	183.63	139.64	100.62	61.76	46.27	45.57
Pretax Income	128.23	96.39	71.13	44.55	39.79	23.13
Provision for Income Taxes	37.19	27.93	18.83	12.03	10.57	5.35
Net Income	89.72	67.59	51.52	31.72	20.64	-31.18
Minority Interest in Earnings	0.19	0.05	0.02	0.31	-	-
Net Income Attributable to Preferred Dividends	1.13	0.83	0.75	0.49	8.59	48.96
Net Income to Common	89.72	67.59	51.52	31.72	20.64	-31.18
Net Income Growth	39.37%	31.18%	62.42%	53.72%	-	-
Shares Outstanding (Basic)	35	33	32	32	23	20
Shares Outstanding (Diluted)	37	36	34	34	34	20
Shares Change (YoY)	5.34%	3.70%	1.03%	0.44%	69.17%	55.71%
EPS (Basic)	2.52	2.07	1.60	0.99	0.90	-1.55
EPS (Diluted)	2.42	1.91	1.52	0.94	0.86	-1.55
EPS Growth	30.81%	25.66%	61.70%	9.30%	-	-
Free Cash Flow	55.6	37.47	48.66	48.35	57.49	54.17
Free Cash Flow Growth	48.40%	-23.00%	0.64%	-15.90%	6.13%	-
Free Cash Flow Per Share	1.49	1.05	1.41	1.42	1.69	2.70
Profit Margin	30.74%	29.01%	30.45%	30.59%	33.96%	25.88%
FCF Margin	18.78%	15.87%	28.33%	45.48%	66.80%	78.85%
EBITDA	1.57	2	2.3	2.12	2.41	2.45
EBITDA Margin	0.53%	0.85%	1.34%	1.99%	2.80%	3.56%
Effective Tax Rate	20.25%	28.97%	26.48%	27.01%	26.56%	23.14%

Updated Nov 7, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q