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Velocity Financial (VEL) Financials

Velocity Financial logo
$16.46 -0.02 (-0.12%)
Closing price 05/23/2025 03:59 PM Eastern
Extended Trading
$16.48 +0.02 (+0.09%)
As of 05/23/2025 06:44 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Velocity Financial

Annual Income Statements for Velocity Financial

This table shows Velocity Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 68 52 31
Consolidated Net Income / (Loss)		 68 52 32
Net Income / (Loss) Continuing Operations		 68 52 33
Total Pre-Tax Income 		96 71 45
Total Revenue		 484 360 107
Net Interest Income / (Expense)		 160 124 83
Total Interest Income		 407 311 113
Loans and Leases Interest Income		 407 311 -
Total Interest Expense		 24 17 29
Long-Term Debt Interest Expense		 24 17 29
Total Non-Interest Income		 101 66 24
Other Service Charges		 26 14 6.86
Net Realized & Unrealized Capital Gains on Investments		 69 46 17
Other Non-Interest Income		 6.49 5.19 -
Provision for Credit Losses		 1.17 1.92 1.15
Total Non-Interest Expense		 140 101 62
Salaries and Employee Benefits		 70 48 30
Net Occupancy & Equipment Expense		 1.93 1.93 1.75
Insurance Policy Acquisition Costs		 22 18 12
Other Operating Expenses		 293 219 17
Income Tax Expense		 28 19 12
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.88 0.77 0.80
Basic Earnings per Share		 $2.07 $1.60 $0.99
Weighted Average Basic Shares Outstanding		 32.65M 32.21M 31.91M
Diluted Earnings per Share		 $1.91 $1.52 $0.94
Weighted Average Diluted Shares Outstanding		 35.76M 34.48M 34.13M
Weighted Average Basic & Diluted Shares Outstanding		 34.02M 32.97M 32.62M

Quarterly Income Statements for Velocity Financial

This table shows Velocity Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 21 16 15 17 17 12 12 11 7.47 9.98
Consolidated Net Income / (Loss)		 21 16 15 17 17 12 12 11 8.03 10
Net Income / (Loss) Continuing Operations		 21 16 15 17 17 12 12 11 8.09 10
Total Pre-Tax Income 		32 21 20 23 22 17 17 15 12 14
Total Revenue		 140 120 114 111 104 92 85 79 -31 62
Net Interest Income / (Expense)		 45 41 39 35 35 32 29 28 12 29
Total Interest Income		 113 105 98 91 86 79 75 71 -39 63
Loans and Leases Interest Income		 113 105 98 91 86 79 75 71 - 63
Total Interest Expense		 6.14 6.14 6.16 5.38 4.14 4.14 4.14 4.14 4.14 4.01
Long-Term Debt Interest Expense		 6.14 6.14 6.16 5.38 4.14 4.14 4.14 4.14 4.14 4.01
Total Non-Interest Income		 32 21 23 26 22 17 14 13 12 3.03
Other Service Charges		 8.36 7.22 5.18 5.39 4.10 3.66 3.64 2.89 1.78 2.18
Net Realized & Unrealized Capital Gains on Investments		 23 12 16 19 16 12 9.21 9.00 10 0.85
Other Non-Interest Income		 1.45 1.68 1.73 1.63 1.72 1.34 1.19 0.95 - 0.00
Provision for Credit Losses		 0.02 -0.07 0.22 1.00 0.83 0.15 0.30 0.64 -0.44 0.58
Total Non-Interest Expense		 39 35 35 31 29 27 22 22 21 13
Salaries and Employee Benefits		 20 18 17 15 15 13 11 10 12 6.79
Net Occupancy & Equipment Expense		 0.30 0.52 0.62 0.50 0.55 0.47 0.46 0.45 0.44 0.45
Insurance Policy Acquisition Costs		 6.75 5.66 5.16 4.82 4.64 4.90 4.27 3.83 3.24 3.31
Other Operating Expenses		 80 75 72 66 60 57 52 50 -57 37
Income Tax Expense		 11 5.63 5.16 5.90 5.14 5.07 4.60 4.02 3.47 3.76
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.46 0.01 0.12 0.30 0.04 0.27 0.22 0.25 0.00 0.46
Basic Earnings per Share		 $0.62 $0.48 $0.45 $0.52 $0.53 $0.37 $0.37 $0.33 $0.25 $0.31
Weighted Average Basic Shares Outstanding		 32.65M 32.71M 32.59M 32.54M 32.21M 32.28M 32.12M 32.10M 31.91M 31.92M
Diluted Earnings per Share		 $0.56 $0.44 $0.42 $0.49 $0.50 $0.35 $0.36 $0.31 $0.25 $0.29
Weighted Average Diluted Shares Outstanding		 35.76M 35.90M 35.60M 35.44M 34.48M 34.73M 34.14M 34.05M 34.13M 34.20M
Weighted Average Basic & Diluted Shares Outstanding		 34.02M 33.11M 33.11M 32.99M 32.97M 32.78M 32.76M 32.60M 32.62M 32.42M

Annual Cash Flow Statements for Velocity Financial

This table details how cash moves in and out of Velocity Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 8.90 -0.13 14
Net Cash From Operating Activities		 38 49 49
Net Cash From Continuing Operating Activities		 38 49 49
Net Income / (Loss) Continuing Operations		 68 52 33
Consolidated Net Income / (Loss)		 68 52 33
Provision For Loan Losses		 1.73 2.64 0.98
Depreciation Expense		 0.79 0.75 0.80
Amortization Expense		 18 25 37
Non-Cash Adjustments to Reconcile Net Income		 -71 -51 -4.22
Changes in Operating Assets and Liabilities, net		 20 19 -18
Net Cash From Investing Activities		 -1,045 -585 -908
Net Cash From Continuing Investing Activities		 -1,045 -585 -908
Purchase of Property, Leasehold Improvements and Equipment		 -0.29 -0.18 -0.33
Purchase of Investment Securities		 -1,116 -634 -1,760
Sale of Property, Leasehold Improvements and Equipment		 0.64 0.00 0.00
Sale and/or Maturity of Investments		 83 43 857
Other Investing Activities, net		 -13 6.17 -4.50
Net Cash From Financing Activities		 1,016 536 874
Net Cash From Continuing Financing Activities		 1,016 536 874
Issuance of Debt		 1,590 975 3,272
Issuance of Common Equity		 10 2.31 0.61
Repayment of Debt		 -656 -440 -2,398
Other Financing Activities, Net		 72 -1.14 -0.46
Cash Interest Paid		 251 180 119
Cash Income Taxes Paid		 42 7.65 23

Quarterly Cash Flow Statements for Velocity Financial

This table details how cash moves in and out of Velocity Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 3.57 -12 21 -2.88 15 -3.68 -5.26 -6.02 21 -15
Net Cash From Operating Activities		 33 -18 11 11 26 -9.75 44 -12 40 -4.44
Net Cash From Continuing Operating Activities		 33 -18 11 11 26 -9.75 44 -12 40 -4.44
Net Income / (Loss) Continuing Operations		 21 16 15 17 17 12 12 11 8.23 10
Consolidated Net Income / (Loss)		 21 16 15 17 17 12 12 11 8.23 10
Provision For Loan Losses		 -0.07 -0.02 0.82 1.00 1.11 0.17 0.70 0.66 -0.38 0.13
Depreciation Expense		 0.14 0.28 0.19 0.18 0.19 0.19 0.19 0.20 0.19 0.20
Amortization Expense		 4.03 4.47 4.66 4.71 5.06 6.22 6.94 6.76 7.42 7.60
Non-Cash Adjustments to Reconcile Net Income		 0.79 -46 -9.73 -15 -11 -28 10 -22 9.65 -7.43
Changes in Operating Assets and Liabilities, net		 7.58 8.38 0.83 2.83 14 -0.94 14 -8.47 15 -15
Net Cash From Investing Activities		 -356 -280 -197 -212 -224 -148 -141 -72 -89 -311
Net Cash From Continuing Investing Activities		 -356 -280 -197 -212 -224 -148 -141 -72 -89 -311
Purchase of Property, Leasehold Improvements and Equipment		 -0.10 -0.07 -0.08 -0.04 -0.11 -0.02 - -0.05 -0.05 -0.06
Purchase of Investment Securities		 164 -460 -429 -390 105 -274 -267 -198 -265 -454
Sale and/or Maturity of Investments		 -512 184 232 179 -331 122 129 123 179 142
Other Investing Activities, net		 -7.49 -3.26 0.32 -2.14 2.47 3.51 -2.77 2.97 -3.08 1.14
Net Cash From Financing Activities		 326 285 206 199 213 154 91 77 70 301
Net Cash From Continuing Financing Activities		 326 285 206 199 213 154 91 77 70 301
Issuance of Debt		 1,590 -1,526 893 633 -553 603 480 444 530 696
Issuance of Common Equity		 8.30 0.19 1.50 0.16 0.91 0.52 0.88 0.00 0.61 -
Repayment of Debt		 -267 732 -689 -433 764 -449 -390 -366 -461 -395
Other Financing Activities, Net		 -1,007 1,079 -0.02 0.00 -0.86 - -0.12 -0.16 -0.46 -
Cash Interest Paid		 67 68 57 59 46 51 39 44 34 35
Cash Income Taxes Paid		 19 6.92 16 0.02 4.71 3.79 -1.11 0.26 0.08 1.38

Annual Balance Sheets for Velocity Financial

This table presents Velocity Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 5,527 4,405 3,749
Cash and Due from Banks		 50 41 45
Restricted Cash		 21 21 17
Loans and Leases, Net of Allowance		 5,187 4,134 3,548
Loans and Leases		 5,187 4,134 3,548
Loans Held for Sale		 0.00 18 0.00
Customer and Other Receivables		 123 85 66
Premises and Equipment, Net		 1.65 2.79 3.36
Goodwill		 6.78 6.78 6.78
Other Assets		 138 96 63
Total Liabilities & Shareholders' Equity		 5,527 4,405 3,749
Total Liabilities		 5,007 3,968 3,368
Long-Term Debt		 4,859 3,842 3,277
Other Long-Term Liabilities		 148 126 92
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 520 437 381
Total Preferred & Common Equity		 517 433 377
Total Common Equity		 517 433 377
Common Stock		 323 307 301
Retained Earnings		 197 129 77
Treasury Stock		 -2.87 -1.32 -0.46
Accumulated Other Comprehensive Income / (Loss)		 -0.81 -1.21 0.00
Noncontrolling Interest		 3.27 3.43 3.69

Quarterly Balance Sheets for Velocity Financial

This table presents Velocity Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 5,202 4,873 4,628 4,117 3,951 3,837 3,647
Cash and Due from Banks		 44 47 35 29 34 39 26
Restricted Cash		 23 32 24 18 17 17 15
Trading Account Securities		 0.00 0.00 1.97 1.26 - - -
Loans and Leases, Net of Allowance		 4,881 4,591 4,377 3,898 3,763 3,620 3,446
Loans and Leases		 4,881 4,591 4,377 3,898 3,763 3,620 3,446
Loans Held for Sale		 19 0.00 0.00 20 - 18 17
Premises and Equipment, Net		 1.69 1.91 2.01 2.86 3.02 3.21 3.50
Goodwill		 6.78 6.78 6.78 6.78 6.78 6.78 6.78
Other Assets		 226 111 94 72 63 69 66
Total Liabilities & Shareholders' Equity		 5,202 4,873 4,628 4,117 3,951 3,837 3,647
Total Liabilities		 4,715 4,399 4,172 3,697 3,546 3,446 3,277
Long-Term Debt		 4,573 4,260 4,048 3,599 3,451 508 550
Other Long-Term Liabilities		 142 138 124 98 95 2,937 2,727
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 488 475 456 420 405 391 371
Total Preferred & Common Equity		 485 471 453 416 402 388 367
Total Common Equity		 485 471 453 416 402 388 367
Common Stock		 313 312 309 305 304 302 299
Retained Earnings		 177 161 146 112 99 87 68
Treasury Stock		 -2.87 -2.87 -2.60 -1.29 -1.29 -1.29 -0.46
Accumulated Other Comprehensive Income / (Loss)		 -2.66 1.60 0.79 0.91 - - -
Noncontrolling Interest		 3.05 3.42 3.51 3.62 3.54 3.62 3.92

Annual Metrics And Ratios for Velocity Financial

This table displays calculated financial ratios and metrics derived from Velocity Financial's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 34.51% 235.10% 25.30%
EBITDA Growth		 27.86% 245.65% 18.89%
EBIT Growth		 33.39% 478.19% 11.96%
NOPAT Growth		 30.93% 60.81% 11.28%
Net Income Growth		 30.93% 62.35% 10.22%
EPS Growth		 25.66% 61.70% 9.30%
Operating Cash Flow Growth		 -22.69% 0.33% -15.53%
Free Cash Flow Firm Growth		 -81.34% 79.79% -783.79%
Invested Capital Growth		 25.72% 16.99% 352.43%
Revenue Q/Q Growth		 8.00% 1.90% 5.54%
EBITDA Q/Q Growth		 7.65% -1.65% -2.69%
EBIT Q/Q Growth		 8.46% -0.92% -2.79%
NOPAT Q/Q Growth		 5.61% 20.62% -0.39%
Net Income Q/Q Growth		 5.61% 20.31% -1.00%
EPS Q/Q Growth		 3.24% 19.69% 0.00%
Operating Cash Flow Q/Q Growth		 23.22% -22.11% 82.27%
Free Cash Flow Firm Q/Q Growth		 -5.74% 81.37% -2,009.03%
Invested Capital Q/Q Growth		 6.31% 6.46% 297.41%
Profitability Metrics		 - - -
EBITDA Margin		 74.78% 78.67% 76.27%
EBIT Margin		 70.93% 71.53% 41.46%
Profit (Net Income) Margin		 14.13% 14.52% 29.97%
Tax Burden Percent		 71.03% 73.52% 72.30%
Interest Burden Percent		 28.05% 27.61% 100.00%
Effective Tax Rate		 28.97% 26.48% 27.01%
Return on Invested Capital (ROIC)		 1.42% 1.32% 1.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.42% 1.32% 1.44%
Return on Net Nonoperating Assets (RNNOA)		 12.89% 11.48% 7.43%
Return on Equity (ROE)		 14.31% 12.80% 8.89%
Cash Return on Invested Capital (CROIC)		 -21.37% -14.34% -126.14%
Operating Return on Assets (OROA)		 6.92% 6.32% 1.36%
Return on Assets (ROA)		 1.38% 1.28% 0.98%
Return on Common Equity (ROCE)		 14.21% 12.68% 8.80%
Return on Equity Simple (ROE_SIMPLE)		 13.24% 12.06% 8.55%
Net Operating Profit after Tax (NOPAT)		 68 52 33
NOPAT Margin		 14.13% 14.52% 30.26%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.02%
SG&A Expenses to Revenue		 14.76% 13.96% 29.97%
Operating Expenses to Revenue		 28.83% 27.94% 57.47%
Earnings before Interest and Taxes (EBIT)		 344 258 45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 362 283 82
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.25 1.30 0.83
Price to Tangible Book Value (P/TBV)		 1.27 1.32 0.85
Price to Revenue (P/Rev)		 1.34 1.57 2.91
Price to Earnings (P/E)		 9.47 10.80 9.96
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 10.56% 9.26% 10.04%
Enterprise Value to Invested Capital (EV/IC)		 1.01 1.02 0.97
Enterprise Value to Revenue (EV/Rev)		 11.23 12.07 32.86
Enterprise Value to EBITDA (EV/EBITDA)		 15.02 15.35 43.08
Enterprise Value to EBIT (EV/EBIT)		 15.83 16.88 79.26
Enterprise Value to NOPAT (EV/NOPAT)		 79.45 83.15 108.59
Enterprise Value to Operating Cash Flow (EV/OCF)		 144.07 89.04 72.55
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 9.34 8.79 8.61
Long-Term Debt to Equity		 9.34 8.79 8.61
Financial Leverage		 9.09 8.71 5.16
Leverage Ratio		 10.38 9.98 9.05
Compound Leverage Factor		 2.91 2.75 9.05
Debt to Total Capital		 90.33% 89.79% 89.60%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 90.33% 89.79% 89.60%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.06% 0.08% 0.10%
Common Equity to Total Capital		 9.61% 10.13% 10.30%
Debt to EBITDA		 13.41 13.56 39.98
Net Debt to EBITDA		 13.22 13.34 39.22
Long-Term Debt to EBITDA		 13.41 13.56 39.98
Debt to NOPAT		 70.98 73.47 100.77
Net Debt to NOPAT		 69.94 72.29 98.86
Long-Term Debt to NOPAT		 70.98 73.47 100.77
Noncontrolling Interest Sharing Ratio		 0.70% 0.87% 0.98%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -1,032 -569 -2,817
Operating Cash Flow to CapEx		 0.00% 27,130.56% 14,930.67%
Free Cash Flow to Firm to Interest Expense		 -43.33 -34.38 -95.57
Operating Cash Flow to Interest Expense		 1.58 2.95 1.65
Operating Cash Flow Less CapEx to Interest Expense		 1.60 2.94 1.64
Efficiency Ratios		 - - -
Asset Turnover		 0.10 0.09 0.03
Fixed Asset Turnover		 218.45 117.29 29.91
Capital & Investment Metrics		 - - -
Invested Capital		 5,380 4,279 3,657
Invested Capital Turnover		 0.10 0.09 0.05
Increase / (Decrease) in Invested Capital		 1,101 621 2,849
Enterprise Value (EV)		 5,440 4,348 3,531
Market Capitalization		 648 565 313
Book Value per Share		 $15.61 $13.22 $11.62
Tangible Book Value per Share		 $15.41 $13.02 $11.42
Total Capital		 5,380 4,279 3,657
Total Debt		 4,859 3,842 3,277
Total Long-Term Debt		 4,859 3,842 3,277
Net Debt		 4,789 3,780 3,215
Capital Expenditures (CapEx)		 -0.35 0.18 0.33
Net Nonoperating Expense (NNE)		 0.00 0.00 0.31
Net Nonoperating Obligations (NNO)		 4,859 3,842 3,277
Total Depreciation and Amortization (D&A)		 19 26 37
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $2.07 $1.60 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 32.65M 32.21M 0.00
Adjusted Diluted Earnings per Share		 $1.91 $1.52 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 35.76M 34.48M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 34.02M 32.97M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 68 52 33
Normalized NOPAT Margin		 14.13% 14.52% 30.26%
Pre Tax Income Margin		 19.90% 19.75% 41.46%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 14.42 15.56 1.51
NOPAT to Interest Expense		 2.87 3.16 1.10
EBIT Less CapEx to Interest Expense		 14.44 15.55 1.50
NOPAT Less CapEx to Interest Expense		 2.89 3.15 1.09
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Velocity Financial

This table displays calculated financial ratios and metrics derived from Velocity Financial's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 34.56% 29.63% 34.64% 40.01% 438.98% 47.85% 44.57% 366.00% 15.56% 45.96%
EBITDA Growth		 32.60% 26.17% 20.89% 31.47% 279.42% 26.26% 36.11% 243.14% -5.43% 50.90%
EBIT Growth		 36.37% 31.31% 26.95% 38.96% 242.79% 33.35% 43.02% 1,312.24% -2.54% 55.56%
NOPAT Growth		 21.20% 28.33% 20.36% 61.45% 108.65% 18.26% 13.47% 232.28% -1.51% 28.27%
Net Income Growth		 21.20% 28.33% 20.36% 61.45% 113.80% 18.26% 13.47% 243.99% -3.88% 28.27%
EPS Growth		 12.00% 25.71% 16.67% 58.06% 100.00% 20.69% 16.13% 244.44% 0.00% 26.09%
Operating Cash Flow Growth		 27.20% -80.16% -74.14% 188.71% -34.63% -119.46% 3,409.26% -200.78% 121.73% -123.79%
Free Cash Flow Firm Growth		 -78.69% 66.78% 71.81% -3,973.52% 78.73% -1,880.07% -2,315.19% 127.90% -736.63% 55.71%
Invested Capital Growth		 25.72% 25.90% 22.80% 400.63% 16.99% 336.74% 396.16% -8.34% 352.43% 22.04%
Revenue Q/Q Growth		 16.72% 4.81% 2.92% 6.86% 12.45% 8.86% 7.03% -18.41% -149.04% 6.45%
EBITDA Q/Q Growth		 16.50% 7.11% 0.12% 6.14% 10.85% 2.63% 8.88% -23.86% -178.01% 10.64%
EBIT Q/Q Growth		 18.10% 7.66% 0.19% 7.05% 13.71% 4.09% 9.67% -25.38% -206.19% 11.64%
NOPAT Q/Q Growth		 33.22% 6.16% -15.13% 0.97% 41.06% -0.43% 13.84% 30.50% -20.05% -4.47%
Net Income Q/Q Growth		 33.22% 6.16% -15.13% 0.97% 41.06% -0.43% 13.84% 28.78% -21.97% -4.47%
EPS Q/Q Growth		 27.27% 4.76% -14.29% -2.00% 42.86% -2.78% 16.13% 24.00% -13.79% -6.45%
Operating Cash Flow Q/Q Growth		 289.36% -253.16% 8.42% -59.55% 368.21% -121.99% 471.87% -129.81% 1,000.50% -451.58%
Free Cash Flow Firm Q/Q Growth		 -5.31% -18.62% 75.90% -493.59% 80.42% -0.67% -3,411.22% 103.26% -1,722.19% -22.79%
Invested Capital Q/Q Growth		 6.31% 6.87% 5.12% 5.27% 6.46% 4.24% 328.56% -75.40% 297.41% 18.43%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 74.96% 75.10% 73.49% 75.55% 76.07% 77.16% 81.85% 80.46% 0.00% 90.35%
EBIT Margin		 71.97% 71.13% 69.25% 71.14% 71.01% 70.22% 73.44% 71.68% 0.00% 77.86%
Profit (Net Income) Margin		 14.90% 13.05% 12.89% 15.63% 16.54% 13.18% 14.41% 13.55% 0.00% 16.48%
Tax Burden Percent		 64.94% 73.51% 74.03% 74.60% 76.95% 70.59% 72.65% 72.75% 68.67% 73.24%
Interest Burden Percent		 31.87% 24.96% 25.14% 29.45% 30.26% 26.59% 27.02% 25.99% -22.65% 28.90%
Effective Tax Rate		 35.06% 26.49% 25.97% 25.40% 23.05% 29.41% 27.35% 27.25% 29.64% 26.76%
Return on Invested Capital (ROIC)		 1.49% 1.29% 1.26% 2.27% 1.50% 1.89% 2.01% 4.28% 0.00% 2.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.49% 1.29% 1.26% 2.27% 1.50% 1.89% 2.01% 4.28% 0.00% 2.00%
Return on Net Nonoperating Assets (RNNOA)		 13.58% 11.61% 11.07% 12.18% 13.07% 9.90% 10.18% 6.62% 0.00% 2.77%
Return on Equity (ROE)		 15.08% 12.90% 12.34% 14.45% 14.57% 11.78% 12.20% 10.91% 0.00% 4.78%
Cash Return on Invested Capital (CROIC)		 -21.37% -21.50% -19.04% -131.22% -14.34% -123.72% -131.11% 12.96% -126.14% -15.95%
Operating Return on Assets (OROA)		 7.02% 6.85% 6.61% 6.59% 6.27% 6.39% 6.52% 6.14% 0.00% 2.60%
Return on Assets (ROA)		 1.45% 1.26% 1.23% 1.45% 1.46% 1.20% 1.28% 1.16% 0.00% 0.55%
Return on Common Equity (ROCE)		 14.97% 12.80% 12.24% 14.32% 14.45% 11.67% 12.08% 10.80% 0.00% 4.14%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 13.38% 13.02% 13.00% 0.00% 10.44% 10.35% 10.35% 0.00% 8.87%
Net Operating Profit after Tax (NOPAT)		 21 16 15 17 17 12 12 11 8.23 10
NOPAT Margin		 14.90% 13.05% 12.89% 15.63% 16.54% 13.18% 14.41% 13.55% 0.00% 16.48%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00%
SG&A Expenses to Revenue		 14.59% 15.13% 15.05% 14.29% 15.12% 14.08% 13.12% 13.20% 0.00% 11.58%
Operating Expenses to Revenue		 28.01% 28.93% 30.56% 27.96% 28.19% 29.61% 26.21% 27.52% 0.00% 21.21%
Earnings before Interest and Taxes (EBIT)		 101 85 79 79 74 65 62 57 -52 49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 105 90 84 84 79 71 69 64 -44 56
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.25 1.34 1.25 1.31 1.30 0.89 0.94 0.76 0.83 0.96
Price to Tangible Book Value (P/TBV)		 1.27 1.36 1.27 1.33 1.32 0.90 0.95 0.77 0.85 0.98
Price to Revenue (P/Rev)		 1.34 1.45 1.40 1.51 1.57 1.05 1.16 0.99 2.91 3.45
Price to Earnings (P/E)		 9.47 9.96 9.62 10.08 10.80 8.57 9.15 7.45 9.96 14.82
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 10.56% 10.04% 10.39% 9.92% 9.26% 11.66% 10.93% 13.42% 10.04% 6.75%
Enterprise Value to Invested Capital (EV/IC)		 1.01 1.02 1.01 1.02 1.02 0.98 0.98 0.83 0.97 0.94
Enterprise Value to Revenue (EV/Rev)		 11.23 11.50 11.34 11.70 12.07 11.11 11.68 2.52 32.86 8.48
Enterprise Value to EBITDA (EV/EBITDA)		 15.02 15.33 15.02 15.11 15.35 13.63 13.83 2.95 43.08 10.26
Enterprise Value to EBIT (EV/EBIT)		 15.83 16.28 16.11 16.39 16.88 15.10 15.50 3.34 79.26 18.85
Enterprise Value to NOPAT (EV/NOPAT)		 79.45 79.56 77.80 77.87 83.15 90.56 91.12 18.76 108.59 26.47
Enterprise Value to Operating Cash Flow (EV/OCF)		 144.07 168.33 124.17 64.27 89.04 62.62 55.57 30.13 72.55 32.35
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.16 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 9.34 9.38 8.97 8.87 8.79 8.57 8.51 1.30 8.61 1.48
Long-Term Debt to Equity		 9.34 9.38 8.97 8.87 8.79 8.57 8.51 1.30 8.61 1.48
Financial Leverage		 9.09 9.00 8.76 5.37 8.71 5.25 5.06 1.55 5.16 1.38
Leverage Ratio		 10.38 10.27 10.03 9.99 9.98 9.82 9.52 9.40 9.05 8.68
Compound Leverage Factor		 3.31 2.56 2.52 2.94 3.02 2.61 2.57 2.44 -2.05 2.51
Debt to Total Capital		 90.33% 90.36% 89.97% 89.87% 89.79% 89.55% 89.49% 56.51% 89.60% 59.72%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 90.33% 90.36% 89.97% 89.87% 89.79% 89.55% 89.49% 56.51% 89.60% 59.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.06% 0.06% 0.07% 0.08% 0.08% 0.09% 0.09% 0.40% 0.10% 0.43%
Common Equity to Total Capital		 9.61% 9.58% 9.95% 10.06% 10.13% 10.36% 10.42% 43.08% 10.30% 39.86%
Debt to EBITDA		 13.41 13.59 13.40 13.34 13.56 12.49 12.63 2.00 39.98 6.52
Net Debt to EBITDA		 13.22 13.39 13.15 13.15 13.34 12.33 12.44 1.78 39.22 6.04
Long-Term Debt to EBITDA		 13.41 13.59 13.40 13.34 13.56 12.49 12.63 2.00 39.98 6.52
Debt to NOPAT		 70.98 70.54 69.41 68.73 73.47 83.02 83.20 12.70 100.77 16.84
Net Debt to NOPAT		 69.94 69.50 68.11 67.73 72.29 81.94 81.97 11.30 98.86 15.58
Long-Term Debt to NOPAT		 70.98 70.54 69.41 68.73 73.47 83.02 83.20 12.70 100.77 16.84
Noncontrolling Interest Sharing Ratio		 0.70% 0.73% 0.79% 0.84% 0.87% 0.95% 0.94% 0.96% 0.00% 13.36%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,080 -1,025 -864 -3,587 -604 -3,087 -3,066 93 -2,841 -156
Operating Cash Flow to CapEx		 33,609.09% -27,032.31% 13,657.14% 0.00% 24,221.30% -40,637.50% 0.00% -24,850.00% 75,505.66% -7,935.71%
Free Cash Flow to Firm to Interest Expense		 -175.79 -166.92 -140.45 -666.76 -145.97 -746.00 -740.87 22.37 -686.35 -38.87
Operating Cash Flow to Interest Expense		 5.42 -2.86 1.86 1.97 6.32 -2.36 10.72 -2.88 9.67 -1.11
Operating Cash Flow Less CapEx to Interest Expense		 5.40 -2.87 1.85 2.08 6.29 -2.36 10.72 -2.89 9.66 -1.12
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.10 0.10 0.10 0.09 0.09 0.09 0.09 0.09 0.03 0.03
Fixed Asset Turnover		 218.45 196.99 170.70 150.07 117.29 111.21 97.24 86.22 29.91 29.76
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 5,380 5,060 4,735 4,504 4,279 4,019 3,856 900 3,657 920
Invested Capital Turnover		 0.10 0.10 0.10 0.15 0.09 0.14 0.14 0.32 0.05 0.12
Increase / (Decrease) in Invested Capital		 1,101 1,041 879 3,605 621 3,099 3,079 -82 2,849 166
Enterprise Value (EV)		 5,440 5,158 4,775 4,586 4,348 3,926 3,779 751 3,531 864
Market Capitalization		 648 649 591 593 565 370 376 295 313 351
Book Value per Share		 $15.61 $14.64 $14.29 $13.74 $13.22 $12.71 $12.32 $11.88 $11.62 $11.32
Tangible Book Value per Share		 $15.41 $14.43 $14.08 $13.53 $13.02 $12.50 $12.11 $11.67 $11.42 $11.11
Total Capital		 5,380 5,060 4,735 4,504 4,279 4,019 3,856 900 3,657 920
Total Debt		 4,859 4,573 4,260 4,048 3,842 3,599 3,451 508 3,277 550
Total Long-Term Debt		 4,859 4,573 4,260 4,048 3,842 3,599 3,451 508 3,277 550
Net Debt		 4,789 4,506 4,181 3,989 3,780 3,552 3,400 452 3,215 509
Capital Expenditures (CapEx)		 0.10 0.07 0.08 -0.60 0.11 0.02 0.00 0.05 0.05 0.06
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.00
Net Nonoperating Obligations (NNO)		 4,859 4,573 4,260 4,048 3,842 3,599 3,451 508 3,277 550
Total Depreciation and Amortization (D&A)		 4.17 4.75 4.84 4.89 5.25 6.41 7.13 6.96 7.61 7.80
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.62 $0.48 $0.45 $0.52 $0.53 $0.37 $0.37 $0.33 $0.25 $0.31
Adjusted Weighted Average Basic Shares Outstanding		 32.65M 32.71M 32.59M 32.54M 32.21M 32.28M 32.12M 32.10M 31.91M 31.92M
Adjusted Diluted Earnings per Share		 $0.56 $0.44 $0.42 $0.49 $0.50 $0.35 $0.36 $0.31 $0.25 $0.29
Adjusted Weighted Average Diluted Shares Outstanding		 35.76M 35.90M 35.60M 35.44M 34.48M 34.73M 34.14M 34.05M 34.13M 34.20M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 34.02M 33.11M 33.11M 32.99M 32.97M 32.78M 32.76M 32.60M 32.62M 32.42M
Normalized Net Operating Profit after Tax (NOPAT)		 21 16 15 17 17 12 12 11 8.23 10
Normalized NOPAT Margin		 14.90% 13.05% 12.89% 15.63% 16.54% 13.18% 14.41% 13.55% 0.00% 16.48%
Pre Tax Income Margin		 22.94% 17.75% 17.41% 20.95% 21.49% 18.68% 19.84% 18.63% 0.00% 22.50%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 16.36 13.86 12.85 14.67 17.80 15.67 15.05 13.72 -12.47 12.12
NOPAT to Interest Expense		 3.39 2.54 2.39 3.22 4.15 2.94 2.95 2.59 1.99 2.57
EBIT Less CapEx to Interest Expense		 16.35 13.85 12.83 14.78 17.78 15.66 15.05 13.71 -12.48 12.11
NOPAT Less CapEx to Interest Expense		 3.37 2.53 2.38 3.33 4.12 2.94 2.95 2.58 1.97 2.55
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 2.43% 2.56% 2.22% 0.00% 1.93% 2.01% 2.08% 0.00% 1.41%

Frequently Asked Questions About Velocity Financial's Financials

When does Velocity Financial's fiscal year end?

According to the most recent income statement we have on file, Velocity Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Velocity Financial's net income changed over the last 2 years?

Velocity Financial's net income appears to be on an upward trend, with a most recent value of $68.47 million in 2024, rising from $32.21 million in 2022. The previous period was $52.29 million in 2023. View Velocity Financial's forecast to see where analysts expect Velocity Financial to go next.

How has Velocity Financial revenue changed over the last 2 years?

Over the last 2 years, Velocity Financial's total revenue changed from $107.47 million in 2022 to $484.42 million in 2024, a change of 350.8%.

How much debt does Velocity Financial have?

Velocity Financial's total liabilities were at $5.01 billion at the end of 2024, a 26.2% increase from 2023, and a 48.6% increase since 2022.

How much cash does Velocity Financial have?

In the past 2 years, Velocity Financial's cash and equivalents has ranged from $40.57 million in 2023 to $49.90 million in 2024, and is currently $49.90 million as of their latest financial filing in 2024.

How has Velocity Financial's book value per share changed over the last 2 years?

Over the last 2 years, Velocity Financial's book value per share changed from 11.62 in 2022 to 15.61 in 2024, a change of 34.3%.


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This page (NYSE:VEL) was last updated on 5/25/2025 by MarketBeat.com Staff
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