Velocity Financial, Inc. (VEL)

Velocity Financial Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Interest Income	185.78	135.8	107.75	83.15	75.97
Net Interest Income Growth	36.80%	26.04%	29.59%	9.44%	12.64%
Non-Interest Income	163.62	101.4	65.91	24.32	9.8
Non-Interest Income Growth	61.36%	53.84%	171.01%	148.21%	55.03%
Revenues Before Loan Losses	349.4	237.2	173.66	107.47	85.77
Provision for Credit Losses	5.81	1.17	1.92	1.15	-0.29
Revenue	343.6	236.03	171.75	106.32	86.06
Revenue Growth (YoY)	45.57%	37.43%	61.54%	23.53%	25.27%
Compensation Expenses	90.22	69.59	48.34	30.46	19.19
Selling, General & Admin	18.07	19.16	15.05	15.09	13.47
Other Non-Interest Expenses	89.07	50.89	37.23	16.21	13.61
Total Non-Interest Expense	197.36	139.64	100.62	61.76	46.27
Pretax Income	146.24	96.39	71.13	44.55	39.79
Provision for Income Taxes	41.26	27.93	18.83	12.03	10.57
Net Income	103.71	67.59	51.52	31.72	20.64
Minority Interest in Earnings	-0.07	0.05	0.02	0.31	-
Net Income Attributable to Preferred Dividends	1.35	0.83	0.75	0.49	8.59
Net Income to Common	103.71	67.59	51.52	31.72	20.64
Net Income Growth	53.45%	31.18%	62.42%	53.72%	-
Shares Outstanding (Basic)	37	33	32	32	23
Shares Outstanding (Diluted)	38	36	34	34	34
Shares Change (YoY)	6.76%	3.70%	1.03%	0.44%	69.17%
EPS (Basic)	2.81	2.07	1.60	0.99	0.90
EPS (Diluted)	2.75	1.91	1.52	0.94	0.86
EPS Growth	43.98%	25.66%	61.70%	9.30%	-
Free Cash Flow	17.88	37.47	48.66	48.35	57.49
Free Cash Flow Growth	-52.28%	-23.00%	0.64%	-15.90%	6.13%
Free Cash Flow Per Share	0.47	1.05	1.41	1.42	1.69
Profit Margin	30.55%	29.01%	30.45%	30.59%	33.96%
FCF Margin	5.20%	15.87%	28.33%	45.48%	66.80%
EBITDA	2.02	2	2.3	2.12	2.41
EBITDA Margin	0.59%	0.85%	1.34%	1.99%	2.80%
Effective Tax Rate	28.21%	28.97%	26.48%	27.01%	26.56%

Updated Mar 11, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q