CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · VEL

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin------
EBITDA margin------
Net margin------
Free cash flow margin------
FCF / Net income0.170.550.931.501.973.05
R&D / Revenue------
SG&A / Revenue------
Effective tax rate28.2%29.0%26.5%27.2%26.6%23.1%
Return on assets1.4%1.2%1.2%0.9%1.0%0.8%
Return on equity15.6%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 coverage0.4x0.4x0.4x0.3x0.4x0.2x
Equity multiplier10.9810.6910.169.958.2515.37
Liabilities / Assets0.910.910.900.900.880.85
Efficiency
Asset turnover------
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E7.5x10.2x11.3x10.3x15.9x-
P / B1.2x1.4x1.4x0.9x1.4x0.9x
P / S------
EV / EBITDA4.8x6.7x7.7x6.3x10.5x4.6x
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

CompanyRevenue (last FY)Net marginROE
SYF--21.2%
COIN$7.18B17.6%8.5%
LDI$1.19B-5.3%-16.2%
UPST$1.04B5.1%6.7%
AXP$72.23B15.0%32.4%

Comparing Velocity Financial against the 5 most active filers in the same SIC group.