VEL
Velocity Financial Llc
NYSE: VEL · FINANCIAL SERVICES · MORTGAGE FINANCE
$19.29
+0.68% today
Updated 2026-04-30
Market cap
$777.25M
P/E ratio
7.20
P/S ratio
3.45x
EPS (TTM)
$2.75
Dividend yield
—
52W range
$16 – $21
Volume
0.1M
Velocity Financial Llc (VEL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.49M | $56.50M | $75.47M | $94.93M | $121.52M | $152.78M | $165.84M | $181.31M | $248.38M | $131.72M | $482.78M | $714.45M |
| Revenue growth (YoY) | — | +113.3% | +33.6% | +25.8% | +28.0% | +25.7% | +8.5% | +9.3% | +37.0% | -47.0% | +266.5% | +48.0% |
| Cost of revenue | $1.79M | $3.14M | $52.28M | $61.71M | $76.12M | $99.66M | $104.94M | $105.70M | $158.35M | $32.85M | $272.21M | $33.41M |
| Gross profit | $24.70M | $53.36M | $23.19M | $33.22M | $45.40M | $53.12M | $60.90M | $75.61M | $90.03M | $131.72M | $210.56M | $681.04M |
| Gross margin | 93.2% | 94.4% | 30.7% | 35.0% | 37.4% | 34.8% | 36.7% | 41.7% | 36.2% | 100.0% | 43.6% | 95.3% |
| R&D | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $5.01M | $9.40M | $12.99M | $16.73M | $21.45M | $22.80M | $24.65M | $23.38M | $34.51M | $52.12M | $73.31M | $6.10M |
| Operating income | $17.25M | $42.74M | $6.80M | $13.99M | $19.25M | $25.40M | $23.13M | $39.79M | $44.55M | $76.85M | $96.39M | $511.29M |
| Operating margin | 65.1% | 75.6% | 9.0% | 14.7% | 15.8% | 16.6% | 13.9% | 21.9% | 17.9% | 58.3% | 20.0% | 71.6% |
| EBITDA | $17.25M | $42.74M | $7.31M | $15.18M | $20.68M | $27.87M | $25.57M | $42.20M | $46.67M | $279.02M | $98.39M | $511.29M |
| EBITDA margin | 65.1% | 75.6% | 9.7% | 16.0% | 17.0% | 18.2% | 15.4% | 23.3% | 18.8% | 211.8% | 20.4% | 71.6% |
| EBIT | — | — | $6.80M | $13.99M | $19.25M | $25.40M | $23.13M | $39.79M | $44.55M | $215.29M | $96.39M | $509.27M |
| Interest expense | $0.00 | $34.88M | $50.83M | $61.29M | $75.92M | $98.52M | $99.88M | $106.00M | $157.19M | $203.02M | $247.22M | $365.05M |
| Income tax | — | — | $59.53M | $76.31M | $11.62M | $8.11M | $5.35M | $10.57M | $12.03M | $18.83M | $27.93M | — |
| Effective tax rate | 0.0% | 0.0% | 89.8% | 84.5% | 60.4% | 31.9% | 23.1% | 26.6% | 27.2% | 26.5% | 29.0% | 0.0% |
| Net income | $-6.30M | $7.15M | $6.80M | $13.99M | $7.63M | $17.29M | $17.78M | $29.22M | $32.21M | $52.27M | $68.42M | $105.05M |
| Net income growth (YoY) | — | +213.5% | -5.0% | +105.8% | -45.4% | +126.6% | +2.8% | +64.4% | +10.2% | +62.3% | +30.9% | +53.5% |
| Profit margin | -23.8% | 12.7% | 9.0% | 14.7% | 6.3% | 11.3% | 10.7% | 16.1% | 13.0% | 39.7% | 14.2% | 14.7% |