Velocity Financial (VEL)
NYSE:VEL
US Market
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Velocity Financial (VEL) Income Statement

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Velocity Financial Income Statement

Last quarter (Q1 2024), Velocity Financial's total revenue was $26.76M, an increase of 6.59% from the same quarter last year. In Q1, Velocity Financial's net income was $17.25M. See Velocity Financial’s key income statements, including revenue, expenses, profit, and income.
Income Statement
TTM
Dec 23Dec 22Dec 21Dec 20Dec 19
Total Revenue
$ 137.62M$ 156.03M$ 93.08M$ 67.55M$ 65.97M$ 54.26M
Credit Losses Provision
$ 2.28M$ 1.92M$ 1.15M$ 292.00K$ -5.07M$ -1.14M
Non Interest Expense
$ 110.11M$ 100.62M$ 59.67M$ -44.66M$ 37.77M$ 27.73M
Incomefrom Associatesand Other Participating Interests
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Special Income Charges
$ 9.74M$ 12.24M$ -9.87M$ -1.77M--
Pretax Income
$ 79.61M$ 71.13M$ 44.55M$ 39.79M$ 23.13M$ 25.40M
Tax Provision
$ 20.72M$ 18.83M$ 12.03M$ 13.72M$ 5.35M$ 8.11M
Earnings From Equity Interest Net Of Tax
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Net Income Common Stockholders
$ 72.52M$ 51.52M$ 35.08M$ 20.02M$ 17.78M$ 17.29M
Basic EPS
$ 1.80$ 1.60$ 0.99$ 0.90$ -1.55$ 0.91
Diluted EPS
$ 1.70$ 1.52$ 0.94$ 0.86$ -1.55$ 0.91
Basic Average Shares
$ 129.27M$ 32.21M$ 31.91M$ 22.81M$ 20.09M$ 19.00M
Diluted Average Shares
$ 139.32M$ 34.48M$ 34.13M$ 33.98M$ 20.09M$ 19.00M
Dividend Per Share
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Reported Normalized Basic E P S
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Reported Normalized Diluted E P S
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Rent Expense Supplemental
----$ 1.74M$ 1.53M
Interest Income After Provision For Loan Loss
$ 110.59M$ 105.84M$ 82.00M$ 75.97M$ 62.38M$ 57.87M
Net Income From Continuing And Discontinued Operation
$ 58.88M$ 52.27M$ 32.21M$ 20.02M$ 17.78M$ 17.29M
Normalized Income
$ 53.31M$ 50.85M$ 27.36M-$ 17.78M$ 17.29M
Total Money Market Investments
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Ebit
---$ 39.79M--
Ebitda
---$ 62.43M--
Currency in USD

Velocity Financial Earnings and Revenue History

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