Velocity Financial, Inc. (VEL)
NYSE: VEL · Real-Time Price · USD
19.78
-0.19 (-0.95%)
Mar 11, 2025, 4:00 PM EST - Market closed
Velocity Financial Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2019 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | 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 | 2019 - 2016 |
| Interest and Dividend Income | 413.33 | 315.97 | 240.34 | 181.97 | 167.32 | Upgrade
|
| Total Interest Expense | 271.04 | 203.02 | 157.2 | 106 | 99.88 | Upgrade
|
| Net Interest Income | 142.29 | 112.95 | 83.15 | 75.97 | 67.45 | Upgrade
|
| Gain (Loss) on Sale of Loans & Receivables | 9.94 | 8.24 | 7.11 | 7.89 | 7.58 | Upgrade
|
| Other Revenue | 24.38 | 12.45 | 5.23 | 1.61 | - | Upgrade
|
| Revenue Before Loan Losses | 176.62 | 133.63 | 95.48 | 85.48 | 75.02 | Upgrade
|
| Provision for Loan Losses | 1.17 | 1.92 | 1.15 | -0.29 | 5.07 | Upgrade
|
| Revenue | 175.44 | 131.72 | 94.33 | 85.77 | 69.96 | Upgrade
|
| Revenue Growth (YoY) | 33.20% | 39.64% | 9.98% | 22.60% | 12.32% | Upgrade
|
| Salaries & Employee Benefits | 69.59 | 48.34 | 30.46 | 19.19 | 20.73 | Upgrade
|
| Cost of Services Provided | 54.41 | 37.6 | 22.21 | 16.01 | 13.78 | Upgrade
|
| Other Operating Expenses | -44.94 | -25.35 | -2.89 | 10.78 | 12.31 | Upgrade
|
| Total Operating Expenses | 79.05 | 60.59 | 49.78 | 45.97 | 46.83 | Upgrade
|
| Operating Income | 96.39 | 71.13 | 44.55 | 39.79 | 23.13 | Upgrade
|
| Pretax Income | 96.39 | 71.13 | 44.55 | 39.79 | 23.13 | Upgrade
|
| Income Tax Expense | 27.93 | 18.83 | 12.03 | 10.57 | 5.35 | Upgrade
|
| Earnings From Continuing Ops. | 68.47 | 52.29 | 32.52 | 29.22 | 17.78 | Upgrade
|
| Minority Interest in Earnings | -0.05 | -0.02 | -0.31 | - | - | Upgrade
|
| Net Income | 68.42 | 52.27 | 32.21 | 29.22 | 17.78 | Upgrade
|
| Preferred Dividends & Other Adjustments | 0.83 | 0.75 | 0.49 | 8.59 | 48.96 | Upgrade
|
| Net Income to Common | 67.59 | 51.52 | 31.72 | 20.64 | -31.18 | Upgrade
|
| Net Income Growth | 30.89% | 62.28% | 10.22% | 64.39% | 2.80% | Upgrade
|
| Shares Outstanding (Basic) | 33 | 32 | 32 | 23 | 20 | Upgrade
|
| Shares Outstanding (Diluted) | 36 | 34 | 34 | 34 | 20 | Upgrade
|
| Shares Change (YoY) | 3.70% | 1.03% | 0.44% | 69.17% | -82.32% | Upgrade
|
| EPS (Basic) | 2.07 | 1.60 | 0.99 | 0.90 | -1.55 | Upgrade
|
| EPS (Diluted) | 1.91 | 1.52 | 0.94 | 0.86 | -1.55 | Upgrade
|
| EPS Growth | 26.22% | 60.62% | 9.74% | - | - | Upgrade
|
| Free Cash Flow | - | 48.66 | 48.35 | 57.49 | 54.17 | Upgrade
|
| Free Cash Flow Per Share | - | 1.41 | 1.42 | 1.69 | 2.70 | Upgrade
|
| Operating Margin | 54.94% | 54.00% | 47.23% | 46.40% | 33.06% | Upgrade
|
| Profit Margin | 38.52% | 39.11% | 33.63% | 24.06% | -44.57% | Upgrade
|
| Free Cash Flow Margin | - | 36.94% | 51.26% | 67.03% | 77.43% | Upgrade
|
| Effective Tax Rate | 28.97% | 26.48% | 27.01% | 26.56% | 23.14% | Upgrade
|
| Revenue as Reported | 236.03 | - | - | - | - | Upgrade
|
Source: S&P Capital IQ. Financial Services template. Financial Sources.