VEL · Velocity Financial, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $516.0K | $793.0K | $752.0K | $796.0K | $1.12M | $1.22M |
| Operating Income | $146.24M | $96.39M | $71.13M | $44.55M | $39.79M | $23.13M |
| Interest Expense | $365.05M | $271.04M | $203.02M | $157.19M | $106.00M | $99.88M |
| Income Tax | $41.26M | $27.93M | $18.83M | $12.03M | $10.57M | $5.35M |
| Net Income | $105.05M | $68.42M | $52.27M | $32.21M | $29.22M | $17.78M |
| EPS - Basic | $2.81 | $2.07 | $1.60 | $0.99 | $0.90 | ($1.55) |
| EPS - Diluted | $2.75 | $1.91 | $1.52 | $0.94 | $0.86 | ($1.55) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $92.10M | $49.90M | $40.57M | $45.25M | $35.97M | $13.27M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $7.38B | $5.53B | $4.40B | $3.75B | $2.81B | $2.10B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $6.71B | $5.01B | $3.97B | $3.37B | $2.47B | $1.79B |
| Stockholders' Equity | $672.53M | $516.94M | $433.44M | $376.81M | $341.11M | $136.80M |
| Retained Earnings | $302.38M | $197.32M | $128.91M | $76.63M | $44.42M | $15.20M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $18.16M | $37.76M | $48.84M | $48.67M | $57.62M | $54.89M |
| Investing Cash Flow | ($1.52B) | ($1.05B) | ($584.73M) | ($908.24M) | ($656.48M) | $87.74M |
| Financing Cash Flow | $1.68B | $1.02B | $535.77M | $874.02M | $626.17M | ($149.89M) |
| CapEx | $281.0K | $289.0K | $180.0K | $326.0K | $135.0K | $726.0K |
| Free Cash Flow | $17.88M | $37.47M | $48.66M | $48.35M | $57.49M | $54.17M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 0.17 | 0.55 | 0.93 | 1.50 | 1.97 | 3.05 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 28.2% | 29.0% | 26.5% | 27.2% | 26.6% | 23.1% |
| Return on assets | 1.4% | 1.2% | 1.2% | 0.9% | 1.0% | 0.8% |
| Return on equity | 15.6% | 13.2% | 12.1% | 8.5% | 8.6% | 13.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 0.4x | 0.4x | 0.4x | 0.3x | 0.4x | 0.2x |
| Equity multiplier | 10.98 | 10.69 | 10.16 | 9.95 | 8.25 | 15.37 |
| Liabilities / Assets | 0.91 | 0.91 | 0.90 | 0.90 | 0.88 | 0.85 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 7.5x | 10.2x | 11.3x | 10.3x | 15.9x | - |
| P / B | 1.2x | 1.4x | 1.4x | 0.9x | 1.4x | 0.9x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | 4.8x | 6.7x | 7.7x | 6.3x | 10.5x | 4.6x |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 51.7% | 35.5% | 59.6% | 12.0% | 72.0% | - |
| Net income growth (YoY) | 53.5% | 30.9% | 62.3% | 10.2% | 64.4% | - |
| EPS growth (YoY) | 44.0% | 25.7% | 61.7% | 9.3% | - | - |
| EPS CAGR (3y) | 43.0% | 30.5% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -52.3% | -23.0% | 0.6% | -15.9% | 6.1% | - |
| FCF CAGR (5y) | -19.9% | - | - | - | - | - |
| Book value growth (YoY) | 30.1% | 19.3% | 15.0% | 10.5% | 149.3% | - |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing Velocity Financial against the 5 most active filers in the same SIC group.