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Velocity Financial (VEL) Financials

Velocity Financial logo
$17.76 -0.02 (-0.11%)
Closing price 04/25/2025 03:59 PM Eastern
Extended Trading
$17.78 +0.02 (+0.11%)
As of 04/25/2025 07:39 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.
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 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
31 52 68
Consolidated Net Income / (Loss)
32 52 68
Net Income / (Loss) Continuing Operations
33 52 68
Total Pre-Tax Income
45 71 96
Total Revenue
107 360 484
Net Interest Income / (Expense)
83 124 160
Total Interest Income
113 311 407
Loans and Leases Interest Income
- 311 407
Total Interest Expense
29 17 24
Long-Term Debt Interest Expense
29 17 24
Total Non-Interest Income
24 66 101
Other Service Charges
6.86 14 26
Net Realized & Unrealized Capital Gains on Investments
17 46 69
Other Non-Interest Income
- 5.19 6.49
Provision for Credit Losses
1.15 1.92 1.17
Total Non-Interest Expense
62 101 140
Salaries and Employee Benefits
30 48 70
Net Occupancy & Equipment Expense
1.75 1.93 1.93
Insurance Policy Acquisition Costs
12 18 22
Other Operating Expenses
17 219 293
Income Tax Expense
12 19 28
Net Income / (Loss) Attributable to Noncontrolling Interest
0.80 0.77 0.88
Basic Earnings per Share
$0.99 $1.60 $2.07
Weighted Average Basic Shares Outstanding
31.91M 32.21M 32.65M
Diluted Earnings per Share
$0.94 $1.52 $1.91
Weighted Average Diluted Shares Outstanding
34.13M 34.48M 35.76M
Weighted Average Basic & Diluted Shares Outstanding
32.62M 32.97M 34.02M

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

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

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

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

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

Annual Metrics and Ratios for Velocity Financial

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

Metric 2022 2023 2024
Growth Metrics
- - -
Revenue Growth
25.30% 235.10% 34.51%
EBITDA Growth
18.89% 245.65% 27.86%
EBIT Growth
11.96% 478.19% 33.39%
NOPAT Growth
11.28% 60.81% 30.93%
Net Income Growth
10.22% 62.35% 30.93%
EPS Growth
9.30% 61.70% 25.66%
Operating Cash Flow Growth
-15.53% 0.33% -22.69%
Free Cash Flow Firm Growth
-783.79% 79.79% -81.34%
Invested Capital Growth
352.43% 16.99% 25.72%
Revenue Q/Q Growth
5.54% 1.90% 8.00%
EBITDA Q/Q Growth
-2.69% -1.65% 7.65%
EBIT Q/Q Growth
-2.79% -0.92% 8.46%
NOPAT Q/Q Growth
-0.39% 20.62% 5.61%
Net Income Q/Q Growth
-1.00% 20.31% 5.61%
EPS Q/Q Growth
0.00% 19.69% 3.24%
Operating Cash Flow Q/Q Growth
82.27% -22.11% 23.22%
Free Cash Flow Firm Q/Q Growth
-2,009.03% 81.37% -5.74%
Invested Capital Q/Q Growth
297.41% 6.46% 6.31%
Profitability Metrics
- - -
EBITDA Margin
76.27% 78.67% 74.78%
EBIT Margin
41.46% 71.53% 70.93%
Profit (Net Income) Margin
29.97% 14.52% 14.13%
Tax Burden Percent
72.30% 73.52% 71.03%
Interest Burden Percent
100.00% 27.61% 28.05%
Effective Tax Rate
27.01% 26.48% 28.97%
Return on Invested Capital (ROIC)
1.46% 1.32% 1.42%
ROIC Less NNEP Spread (ROIC-NNEP)
1.44% 1.32% 1.42%
Return on Net Nonoperating Assets (RNNOA)
7.43% 11.48% 12.89%
Return on Equity (ROE)
8.89% 12.80% 14.31%
Cash Return on Invested Capital (CROIC)
-126.14% -14.34% -21.37%
Operating Return on Assets (OROA)
1.36% 6.32% 6.92%
Return on Assets (ROA)
0.98% 1.28% 1.38%
Return on Common Equity (ROCE)
8.80% 12.68% 14.21%
Return on Equity Simple (ROE_SIMPLE)
8.55% 12.06% 13.24%
Net Operating Profit after Tax (NOPAT)
33 52 68
NOPAT Margin
30.26% 14.52% 14.13%
Net Nonoperating Expense Percent (NNEP)
0.02% 0.00% 0.00%
SG&A Expenses to Revenue
29.97% 13.96% 14.76%
Operating Expenses to Revenue
57.47% 27.94% 28.83%
Earnings before Interest and Taxes (EBIT)
45 258 344
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
82 283 362
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.83 1.30 1.25
Price to Tangible Book Value (P/TBV)
0.85 1.32 1.27
Price to Revenue (P/Rev)
2.91 1.57 1.34
Price to Earnings (P/E)
9.96 10.80 9.47
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
10.04% 9.26% 10.56%
Enterprise Value to Invested Capital (EV/IC)
0.97 1.02 1.01
Enterprise Value to Revenue (EV/Rev)
32.86 12.07 11.23
Enterprise Value to EBITDA (EV/EBITDA)
43.08 15.35 15.02
Enterprise Value to EBIT (EV/EBIT)
79.26 16.88 15.83
Enterprise Value to NOPAT (EV/NOPAT)
108.59 83.15 79.45
Enterprise Value to Operating Cash Flow (EV/OCF)
72.55 89.04 144.07
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
8.61 8.79 9.34
Long-Term Debt to Equity
8.61 8.79 9.34
Financial Leverage
5.16 8.71 9.09
Leverage Ratio
9.05 9.98 10.38
Compound Leverage Factor
9.05 2.75 2.91
Debt to Total Capital
89.60% 89.79% 90.33%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
89.60% 89.79% 90.33%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.10% 0.08% 0.06%
Common Equity to Total Capital
10.30% 10.13% 9.61%
Debt to EBITDA
39.98 13.56 13.41
Net Debt to EBITDA
39.22 13.34 13.22
Long-Term Debt to EBITDA
39.98 13.56 13.41
Debt to NOPAT
100.77 73.47 70.98
Net Debt to NOPAT
98.86 72.29 69.94
Long-Term Debt to NOPAT
100.77 73.47 70.98
Noncontrolling Interest Sharing Ratio
0.98% 0.87% 0.70%
Liquidity Ratios
- - -
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-2,817 -569 -1,032
Operating Cash Flow to CapEx
14,930.67% 27,130.56% 0.00%
Free Cash Flow to Firm to Interest Expense
-95.57 -34.38 -43.33
Operating Cash Flow to Interest Expense
1.65 2.95 1.58
Operating Cash Flow Less CapEx to Interest Expense
1.64 2.94 1.60
Efficiency Ratios
- - -
Asset Turnover
0.03 0.09 0.10
Fixed Asset Turnover
29.91 117.29 218.45
Capital & Investment Metrics
- - -
Invested Capital
3,657 4,279 5,380
Invested Capital Turnover
0.05 0.09 0.10
Increase / (Decrease) in Invested Capital
2,849 621 1,101
Enterprise Value (EV)
3,531 4,348 5,440
Market Capitalization
313 565 648
Book Value per Share
$11.62 $13.22 $15.61
Tangible Book Value per Share
$11.42 $13.02 $15.41
Total Capital
3,657 4,279 5,380
Total Debt
3,277 3,842 4,859
Total Long-Term Debt
3,277 3,842 4,859
Net Debt
3,215 3,780 4,789
Capital Expenditures (CapEx)
0.33 0.18 -0.35
Net Nonoperating Expense (NNE)
0.31 0.00 0.00
Net Nonoperating Obligations (NNO)
3,277 3,842 4,859
Total Depreciation and Amortization (D&A)
37 26 19
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.00 $1.60 $2.07
Adjusted Weighted Average Basic Shares Outstanding
0.00 32.21M 32.65M
Adjusted Diluted Earnings per Share
$0.00 $1.52 $1.91
Adjusted Weighted Average Diluted Shares Outstanding
0.00 34.48M 35.76M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 32.97M 34.02M
Normalized Net Operating Profit after Tax (NOPAT)
33 52 68
Normalized NOPAT Margin
30.26% 14.52% 14.13%
Pre Tax Income Margin
41.46% 19.75% 19.90%
Debt Service Ratios
- - -
EBIT to Interest Expense
1.51 15.56 14.42
NOPAT to Interest Expense
1.10 3.16 2.87
EBIT Less CapEx to Interest Expense
1.50 15.55 14.44
NOPAT Less CapEx to Interest Expense
1.09 3.15 2.89
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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
45.96% 15.56% 366.00% 44.57% 47.85% 438.98% 40.01% 34.64% 29.63% 34.56%
EBITDA Growth
50.90% -5.43% 243.14% 36.11% 26.26% 279.42% 31.47% 20.89% 26.17% 32.60%
EBIT Growth
55.56% -2.54% 1,312.24% 43.02% 33.35% 242.79% 38.96% 26.95% 31.31% 36.37%
NOPAT Growth
28.27% -1.51% 232.28% 13.47% 18.26% 108.65% 61.45% 20.36% 28.33% 21.20%
Net Income Growth
28.27% -3.88% 243.99% 13.47% 18.26% 113.80% 61.45% 20.36% 28.33% 21.20%
EPS Growth
26.09% 0.00% 244.44% 16.13% 20.69% 100.00% 58.06% 16.67% 25.71% 12.00%
Operating Cash Flow Growth
-123.79% 121.73% -200.78% 3,409.26% -119.46% -34.63% 188.71% -74.14% -80.16% 27.20%
Free Cash Flow Firm Growth
55.71% -736.63% 127.90% -2,315.19% -1,880.07% 78.73% -3,973.52% 71.81% 66.78% -78.69%
Invested Capital Growth
22.04% 352.43% -8.34% 396.16% 336.74% 16.99% 400.63% 22.80% 25.90% 25.72%
Revenue Q/Q Growth
6.45% -149.04% -18.41% 7.03% 8.86% 12.45% 6.86% 2.92% 4.81% 16.72%
EBITDA Q/Q Growth
10.64% -178.01% -23.86% 8.88% 2.63% 10.85% 6.14% 0.12% 7.11% 16.50%
EBIT Q/Q Growth
11.64% -206.19% -25.38% 9.67% 4.09% 13.71% 7.05% 0.19% 7.66% 18.10%
NOPAT Q/Q Growth
-4.47% -20.05% 30.50% 13.84% -0.43% 41.06% 0.97% -15.13% 6.16% 33.22%
Net Income Q/Q Growth
-4.47% -21.97% 28.78% 13.84% -0.43% 41.06% 0.97% -15.13% 6.16% 33.22%
EPS Q/Q Growth
-6.45% -13.79% 24.00% 16.13% -2.78% 42.86% -2.00% -14.29% 4.76% 27.27%
Operating Cash Flow Q/Q Growth
-451.58% 1,000.50% -129.81% 471.87% -121.99% 368.21% -59.55% 8.42% -253.16% 289.36%
Free Cash Flow Firm Q/Q Growth
-22.79% -1,722.19% 103.26% -3,411.22% -0.67% 80.42% -493.59% 75.90% -18.62% -5.31%
Invested Capital Q/Q Growth
18.43% 297.41% -75.40% 328.56% 4.24% 6.46% 5.27% 5.12% 6.87% 6.31%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
90.35% 0.00% 80.46% 81.85% 77.16% 76.07% 75.55% 73.49% 75.10% 74.96%
EBIT Margin
77.86% 0.00% 71.68% 73.44% 70.22% 71.01% 71.14% 69.25% 71.13% 71.97%
Profit (Net Income) Margin
16.48% 0.00% 13.55% 14.41% 13.18% 16.54% 15.63% 12.89% 13.05% 14.90%
Tax Burden Percent
73.24% 68.67% 72.75% 72.65% 70.59% 76.95% 74.60% 74.03% 73.51% 64.94%
Interest Burden Percent
28.90% -22.65% 25.99% 27.02% 26.59% 30.26% 29.45% 25.14% 24.96% 31.87%
Effective Tax Rate
26.76% 29.64% 27.25% 27.35% 29.41% 23.05% 25.40% 25.97% 26.49% 35.06%
Return on Invested Capital (ROIC)
2.00% 0.00% 4.28% 2.01% 1.89% 1.50% 2.27% 1.26% 1.29% 1.49%
ROIC Less NNEP Spread (ROIC-NNEP)
2.00% 0.00% 4.28% 2.01% 1.89% 1.50% 2.27% 1.26% 1.29% 1.49%
Return on Net Nonoperating Assets (RNNOA)
2.77% 0.00% 6.62% 10.18% 9.90% 13.07% 12.18% 11.07% 11.61% 13.58%
Return on Equity (ROE)
4.78% 0.00% 10.91% 12.20% 11.78% 14.57% 14.45% 12.34% 12.90% 15.08%
Cash Return on Invested Capital (CROIC)
-15.95% -126.14% 12.96% -131.11% -123.72% -14.34% -131.22% -19.04% -21.50% -21.37%
Operating Return on Assets (OROA)
2.60% 0.00% 6.14% 6.52% 6.39% 6.27% 6.59% 6.61% 6.85% 7.02%
Return on Assets (ROA)
0.55% 0.00% 1.16% 1.28% 1.20% 1.46% 1.45% 1.23% 1.26% 1.45%
Return on Common Equity (ROCE)
4.14% 0.00% 10.80% 12.08% 11.67% 14.45% 14.32% 12.24% 12.80% 14.97%
Return on Equity Simple (ROE_SIMPLE)
8.87% 0.00% 10.35% 10.35% 10.44% 0.00% 13.00% 13.02% 13.38% 0.00%
Net Operating Profit after Tax (NOPAT)
10 8.23 11 12 12 17 17 15 16 21
NOPAT Margin
16.48% 0.00% 13.55% 14.41% 13.18% 16.54% 15.63% 12.89% 13.05% 14.90%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
11.58% 0.00% 13.20% 13.12% 14.08% 15.12% 14.29% 15.05% 15.13% 14.59%
Operating Expenses to Revenue
21.21% 0.00% 27.52% 26.21% 29.61% 28.19% 27.96% 30.56% 28.93% 28.01%
Earnings before Interest and Taxes (EBIT)
49 -52 57 62 65 74 79 79 85 101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
56 -44 64 69 71 79 84 84 90 105
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.96 0.83 0.76 0.94 0.89 1.30 1.31 1.25 1.34 1.25
Price to Tangible Book Value (P/TBV)
0.98 0.85 0.77 0.95 0.90 1.32 1.33 1.27 1.36 1.27
Price to Revenue (P/Rev)
3.45 2.91 0.99 1.16 1.05 1.57 1.51 1.40 1.45 1.34
Price to Earnings (P/E)
14.82 9.96 7.45 9.15 8.57 10.80 10.08 9.62 9.96 9.47
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
6.75% 10.04% 13.42% 10.93% 11.66% 9.26% 9.92% 10.39% 10.04% 10.56%
Enterprise Value to Invested Capital (EV/IC)
0.94 0.97 0.83 0.98 0.98 1.02 1.02 1.01 1.02 1.01
Enterprise Value to Revenue (EV/Rev)
8.48 32.86 2.52 11.68 11.11 12.07 11.70 11.34 11.50 11.23
Enterprise Value to EBITDA (EV/EBITDA)
10.26 43.08 2.95 13.83 13.63 15.35 15.11 15.02 15.33 15.02
Enterprise Value to EBIT (EV/EBIT)
18.85 79.26 3.34 15.50 15.10 16.88 16.39 16.11 16.28 15.83
Enterprise Value to NOPAT (EV/NOPAT)
26.47 108.59 18.76 91.12 90.56 83.15 77.87 77.80 79.56 79.45
Enterprise Value to Operating Cash Flow (EV/OCF)
32.35 72.55 30.13 55.57 62.62 89.04 64.27 124.17 168.33 144.07
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 6.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.48 8.61 1.30 8.51 8.57 8.79 8.87 8.97 9.38 9.34
Long-Term Debt to Equity
1.48 8.61 1.30 8.51 8.57 8.79 8.87 8.97 9.38 9.34
Financial Leverage
1.38 5.16 1.55 5.06 5.25 8.71 5.37 8.76 9.00 9.09
Leverage Ratio
8.68 9.05 9.40 9.52 9.82 9.98 9.99 10.03 10.27 10.38
Compound Leverage Factor
2.51 -2.05 2.44 2.57 2.61 3.02 2.94 2.52 2.56 3.31
Debt to Total Capital
59.72% 89.60% 56.51% 89.49% 89.55% 89.79% 89.87% 89.97% 90.36% 90.33%
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
59.72% 89.60% 56.51% 89.49% 89.55% 89.79% 89.87% 89.97% 90.36% 90.33%
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
0.43% 0.10% 0.40% 0.09% 0.09% 0.08% 0.08% 0.07% 0.06% 0.06%
Common Equity to Total Capital
39.86% 10.30% 43.08% 10.42% 10.36% 10.13% 10.06% 9.95% 9.58% 9.61%
Debt to EBITDA
6.52 39.98 2.00 12.63 12.49 13.56 13.34 13.40 13.59 13.41
Net Debt to EBITDA
6.04 39.22 1.78 12.44 12.33 13.34 13.15 13.15 13.39 13.22
Long-Term Debt to EBITDA
6.52 39.98 2.00 12.63 12.49 13.56 13.34 13.40 13.59 13.41
Debt to NOPAT
16.84 100.77 12.70 83.20 83.02 73.47 68.73 69.41 70.54 70.98
Net Debt to NOPAT
15.58 98.86 11.30 81.97 81.94 72.29 67.73 68.11 69.50 69.94
Long-Term Debt to NOPAT
16.84 100.77 12.70 83.20 83.02 73.47 68.73 69.41 70.54 70.98
Noncontrolling Interest Sharing Ratio
13.36% 0.00% 0.96% 0.94% 0.95% 0.87% 0.84% 0.79% 0.73% 0.70%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-156 -2,841 93 -3,066 -3,087 -604 -3,587 -864 -1,025 -1,080
Operating Cash Flow to CapEx
-7,935.71% 75,505.66% -24,850.00% 0.00% -40,637.50% 24,221.30% 0.00% 13,657.14% -27,032.31% 33,609.09%
Free Cash Flow to Firm to Interest Expense
-38.87 -686.35 22.37 -740.87 -746.00 -145.97 -666.76 -140.45 -166.92 -175.79
Operating Cash Flow to Interest Expense
-1.11 9.67 -2.88 10.72 -2.36 6.32 1.97 1.86 -2.86 5.42
Operating Cash Flow Less CapEx to Interest Expense
-1.12 9.66 -2.89 10.72 -2.36 6.29 2.08 1.85 -2.87 5.40
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.03 0.03 0.09 0.09 0.09 0.09 0.09 0.10 0.10 0.10
Fixed Asset Turnover
29.76 29.91 86.22 97.24 111.21 117.29 150.07 170.70 196.99 218.45
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
920 3,657 900 3,856 4,019 4,279 4,504 4,735 5,060 5,380
Invested Capital Turnover
0.12 0.05 0.32 0.14 0.14 0.09 0.15 0.10 0.10 0.10
Increase / (Decrease) in Invested Capital
166 2,849 -82 3,079 3,099 621 3,605 879 1,041 1,101
Enterprise Value (EV)
864 3,531 751 3,779 3,926 4,348 4,586 4,775 5,158 5,440
Market Capitalization
351 313 295 376 370 565 593 591 649 648
Book Value per Share
$11.32 $11.62 $11.88 $12.32 $12.71 $13.22 $13.74 $14.29 $14.64 $15.61
Tangible Book Value per Share
$11.11 $11.42 $11.67 $12.11 $12.50 $13.02 $13.53 $14.08 $14.43 $15.41
Total Capital
920 3,657 900 3,856 4,019 4,279 4,504 4,735 5,060 5,380
Total Debt
550 3,277 508 3,451 3,599 3,842 4,048 4,260 4,573 4,859
Total Long-Term Debt
550 3,277 508 3,451 3,599 3,842 4,048 4,260 4,573 4,859
Net Debt
509 3,215 452 3,400 3,552 3,780 3,989 4,181 4,506 4,789
Capital Expenditures (CapEx)
0.06 0.05 0.05 0.00 0.02 0.11 -0.60 0.08 0.07 0.10
Net Nonoperating Expense (NNE)
0.00 0.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
550 3,277 508 3,451 3,599 3,842 4,048 4,260 4,573 4,859
Total Depreciation and Amortization (D&A)
7.80 7.61 6.96 7.13 6.41 5.25 4.89 4.84 4.75 4.17
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.31 $0.25 $0.33 $0.37 $0.37 $0.53 $0.52 $0.45 $0.48 $0.62
Adjusted Weighted Average Basic Shares Outstanding
31.92M 31.91M 32.10M 32.12M 32.28M 32.21M 32.54M 32.59M 32.71M 32.65M
Adjusted Diluted Earnings per Share
$0.29 $0.25 $0.31 $0.36 $0.35 $0.50 $0.49 $0.42 $0.44 $0.56
Adjusted Weighted Average Diluted Shares Outstanding
34.20M 34.13M 34.05M 34.14M 34.73M 34.48M 35.44M 35.60M 35.90M 35.76M
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
32.42M 32.62M 32.60M 32.76M 32.78M 32.97M 32.99M 33.11M 33.11M 34.02M
Normalized Net Operating Profit after Tax (NOPAT)
10 8.23 11 12 12 17 17 15 16 21
Normalized NOPAT Margin
16.48% 0.00% 13.55% 14.41% 13.18% 16.54% 15.63% 12.89% 13.05% 14.90%
Pre Tax Income Margin
22.50% 0.00% 18.63% 19.84% 18.68% 21.49% 20.95% 17.41% 17.75% 22.94%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
12.12 -12.47 13.72 15.05 15.67 17.80 14.67 12.85 13.86 16.36
NOPAT to Interest Expense
2.57 1.99 2.59 2.95 2.94 4.15 3.22 2.39 2.54 3.39
EBIT Less CapEx to Interest Expense
12.11 -12.48 13.71 15.05 15.66 17.78 14.78 12.83 13.85 16.35
NOPAT Less CapEx to Interest Expense
2.55 1.97 2.58 2.95 2.94 4.12 3.33 2.38 2.53 3.37
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
1.41% 0.00% 2.08% 2.01% 1.93% 0.00% 2.22% 2.56% 2.43% 0.00%

Frequently Asked Questions About Velocity Financial's Financials

When does Velocity Financial's financial year end?

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

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%.



This page (NYSE:VEL) was last updated on 4/26/2025 by MarketBeat.com Staff
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