Velocity Financial, Inc. (VEL)

Velocity Financial Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	171.75	106.32	86.06	68.7	60.52
Revenue Growth (YoY)	61.54%	23.53%	25.28%	13.51%	17.72%
Gross Profit	171.75	106.32	86.06	68.7	60.52
Selling, General & Admin	50.27	32.21	20.96	22.47	17.04
Other Operating Expenses	50.35	29.56	25.31	23.1	18.08
Operating Expenses	100.62	61.76	46.27	45.57	35.12
Operating Income	71.13	44.55	39.79	23.13	25.4
Other Expense / Income	0.02	0.31	-	-	-
Pretax Income	71.11	44.24	39.79	23.13	25.4
Income Tax	18.83	12.03	10.57	5.35	8.11
Net Income	52.27	32.21	29.22	17.78	17.29
Preferred Dividends	0.75	0.49	8.59	48.96	0
Net Income Common	51.52	31.72	20.64	-31.18	17.29
Net Income Growth	62.42%	53.72%	-	-	126.60%
Shares Outstanding (Basic)	32	32	23	20	19
Shares Outstanding (Diluted)	34	34	34	20	-
Shares Change	1.03%	0.44%	69.17%	5.72%	-
EPS (Basic)	1.60	0.99	0.90	-1.55	-
EPS (Diluted)	1.52	0.94	0.86	-1.55	-
EPS Growth	61.70%	9.30%	-	-	-
Free Cash Flow	48.66	48.35	57.29	53.32	-107.34
Free Cash Flow Per Share	1.51	1.51	2.51	2.65	-5.65
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	41.41%	41.91%	46.24%	33.67%	41.97%
Profit Margin	30.00%	29.84%	23.98%	-45.38%	28.57%
Free Cash Flow Margin	28.33%	45.48%	66.57%	77.61%	-177.36%
Effective Tax Rate	26.49%	27.20%	26.56%	23.14%	31.92%
EBITDA	73.4	46.36	42.2	25.58	27.87
EBITDA Margin	42.74%	43.61%	49.04%	37.23%	46.04%
Depreciation & Amortization	2.3	2.12	2.41	2.45	2.47
EBIT	71.11	44.24	39.79	23.13	25.4
EBIT Margin	41.40%	41.62%	46.24%	33.67%	41.97%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).