Velocity Financial, Inc. (VEL)

Velocity Financial Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	49.9	40.57	45.25	35.97	13.27
Loans & Lease Receivables	5,273	4,192	3,589	2,584	1,950
Other Receivables	36.8	35.98	30.02	15.62	87.24
Property, Plant & Equipment	1.94	2.95	3.21	3.64	4.33
Goodwill	6.78	6.78	6.78	6.78	-
Other Intangible Assets	15.92	10.96	11.81	11.09	4.6
Restricted Cash	20.93	21.36	16.81	11.64	7.02
Other Current Assets	39.19	29.14	26.75	21	1.26
Long-Term Deferred Tax Assets	13.61	2.34	5.03	16.6	6.65
Long-Term Deferred Charges	0.84	0.5	0.5	0.5	-
Other Long-Term Assets	68.18	44.43	13.66	17.86	15.77
Total Assets	5,527	4,405	3,749	2,812	2,103
Accounts Payable	144.97	119.2	88.7	88.05	58.26
Short-Term Debt	-	3.67	-	-	-
Current Portion of Long-Term Debt	348.08	334.76	330.81	301.07	75.92
Current Portion of Leases	0.73	-	-	-	-
Long-Term Debt	4,511	3,507	2,946	2,075	1,654
Long-Term Leases	1.97	2.7	2.7	4	5.1
Other Current Liabilities	0.14	0.07	0.12	0.14	-
Total Liabilities	5,007	3,968	3,368	2,468	1,793
Common Stock	0.34	0.33	0.33	0.32	0.2
Additional Paid-In Capital	322.95	306.74	300.31	296.36	204.19
Retained Earnings	197.33	128.91	76.63	44.42	15.2
Comprehensive Income & Other	-0.81	-1.21	-	-	-
Total Common Equity	516.94	433.44	376.81	341.11	219.59
Minority Interest	3.27	3.43	3.69	3.38	-
Shareholders' Equity	520.22	436.87	380.5	344.49	309.59
Total Liabilities & Equity	5,527	4,405	3,749	2,812	2,103
Total Debt	4,862	3,848	3,280	2,380	1,735
Net Cash (Debt)	-4,812	-3,808	-3,234	-2,344	-1,722
Net Cash Per Share	-134.57	-110.42	-94.76	-68.97	-85.71
Filing Date Shares Outstanding	34.02	32.97	32.62	32.49	20.57
Total Common Shares Outstanding	33.55	32.87	32.49	32.29	20.09
Working Capital	4,926	3,879	3,288	2,367	1,937
Book Value Per Share	15.41	13.19	11.60	10.56	10.93
Tangible Book Value	507.96	424.29	367.47	330.4	214.99
Tangible Book Value Per Share	15.14	12.91	11.31	10.23	10.70

Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q