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
Interest and Dividend Income	517.77	413.33	315.97	240.34	181.97	167.32
Total Interest Expense	338.88	271.04	203.02	157.2	106	99.88
Net Interest Income	178.89	142.29	112.95	83.15	75.97	67.45
Gain (Loss) on Sale of Loans & Receivables	16.48	9.94	8.24	7.11	7.89	7.58
Other Revenue	37.87	26.59	3.45	5.23	1.61	-
Revenue Before Loan Losses	233.23	178.82	124.63	95.48	85.48	75.02
Provision for Loan Losses	3.87	1.17	1.92	1.15	-0.29	5.07
Revenue	229.36	177.65	122.72	94.33	85.77	69.96
Revenue Growth (YoY)	116.81%	44.76%	30.09%	9.98%	22.60%	12.32%
Salaries & Employee Benefits	87.67	69.59	48.34	30.46	19.19	20.73
Cost of Services Provided	71.1	54.41	37.6	22.21	16.01	13.78
Other Operating Expenses	-57.64	-42.74	-34.35	-2.89	10.78	12.31
Total Operating Expenses	101.13	81.26	51.59	49.78	45.97	46.83
Operating Income	128.23	96.39	71.13	44.55	39.79	23.13
Pretax Income	128.23	96.39	71.13	44.55	39.79	23.13
Income Tax Expense	37.19	27.93	18.83	12.03	10.57	5.35
Earnings From Continuing Ops.	91.04	68.47	52.29	32.52	29.22	17.78
Minority Interest in Earnings	-0.19	-0.05	-0.02	-0.31	-	-
Net Income	90.84	68.42	52.27	32.21	29.22	17.78
Preferred Dividends & Other Adjustments	1.13	0.84	0.75	0.49	8.59	48.96
Net Income to Common	89.72	67.58	51.52	31.72	20.64	-31.18
Net Income Growth	39.36%	30.89%	62.28%	10.22%	64.39%	2.80%
Shares Outstanding (Basic)	35	33	32	32	23	20
Shares Outstanding (Diluted)	37	36	34	34	34	20
Shares Change (YoY)	5.37%	3.70%	1.03%	0.44%	69.17%	-82.32%
EPS (Basic)	2.53	2.07	1.60	0.99	0.90	-1.55
EPS (Diluted)	2.43	1.91	1.52	0.94	0.86	-1.55
EPS Growth	32.26%	26.22%	60.62%	9.74%	-	-
Free Cash Flow	55.6	37.47	48.66	48.35	57.49	54.17
Free Cash Flow Per Share	1.49	1.05	1.41	1.42	1.69	2.70
Operating Margin	55.91%	54.26%	57.96%	47.23%	46.40%	33.06%
Profit Margin	39.12%	38.04%	41.98%	33.63%	24.06%	-44.57%
Free Cash Flow Margin	24.24%	21.09%	39.65%	51.25%	67.03%	77.43%
Effective Tax Rate	29.00%	28.97%	26.48%	27.01%	26.56%	23.14%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

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