Velocity Financial, Inc. (VEL)
NYSE: VEL · IEX Real-Time Price · USD
18.00
-0.23 (-1.26%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Velocity Financial Income Statement

Millions USD. Fiscal year is Jan - Dec.
Year 20232022202120202019201820172016
Revenue
171.75106.3286.0668.760.5251.4138.1326.85
Revenue Growth (YoY)
61.54%23.53%25.28%13.51%17.72%34.84%42.00%-
Gross Profit
171.75106.3286.0668.760.5251.4138.1326.85
Selling, General & Admin
50.2732.2120.9622.4717.0416.4313.0210.89
Other Operating Expenses
50.3529.5625.3123.118.0815.7411.129.17
Operating Expenses
100.6261.7646.2745.5735.1232.1624.1420.05
Operating Income
71.1344.5539.7923.1325.419.2513.996.8
Other Expense / Income
0.020.31------
Pretax Income
71.1144.2439.7923.1325.419.2513.996.8
Income Tax
18.8312.0310.575.358.1111.6200
Net Income
52.2732.2129.2217.7817.297.6313.996.8
Preferred Dividends
0.750.498.5948.960000
Net Income Common
51.5231.7220.64-31.1817.297.6313.996.8
Net Income Growth
62.42%53.72%--126.60%-45.45%105.81%-
Shares Outstanding (Basic)
323223201919--
Shares Outstanding (Diluted)
34343420----
Shares Change
1.03%0.44%69.17%5.72%----
EPS (Basic)
1.600.990.90-1.55----
EPS (Diluted)
1.520.940.86-1.55----
EPS Growth
61.70%9.30%------
Free Cash Flow
48.6648.3557.2953.32-107.34-74.1934.5626.85
Free Cash Flow Per Share
1.511.512.512.65-5.65-3.90--
Gross Margin
100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Operating Margin
41.41%41.91%46.24%33.67%41.97%37.44%36.69%25.32%
Profit Margin
30.00%29.84%23.98%-45.38%28.57%14.84%36.69%25.32%
Free Cash Flow Margin
28.33%45.48%66.57%77.61%-177.36%-144.31%90.65%100.01%
Effective Tax Rate
26.49%27.20%26.56%23.14%31.92%60.36%--
EBITDA
73.446.3642.225.5827.8720.6815.187.31
EBITDA Margin
42.74%43.61%49.04%37.23%46.04%40.23%39.82%27.23%
Depreciation & Amortization
2.32.122.412.452.471.431.190.51
EBIT
71.1144.2439.7923.1325.419.2513.996.8
EBIT Margin
41.40%41.62%46.24%33.67%41.97%37.44%36.69%25.32%
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).