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Velocity Financial (VEL)
NYSE:VEL
US Market

Velocity Financial (VEL) Income Statement

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Velocity Financial Income Statement

Last quarter (Q3 2025), Velocity Financial's total revenue was $172.29M, an increase of 44.45% from the same quarter last year. In Q3, Velocity Financial's net income was $25.37M. See Velocity Financial’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 24Dec 23Dec 22Dec 21Dec 20
Total Revenue
$ 482.78M$ 131.72M$ 248.38M$ 181.31M$ 165.84M
Gross Profit
$ 210.56M$ 131.72M$ 90.03M$ 75.61M$ 60.90M
Operating Expenses
$ 114.17M$ 54.87M$ 45.48M$ 35.81M$ 37.77M
Depreciation and Amortization
$ 2.00M$ 2.30M$ 2.12M$ 2.41M$ 2.45M
EBITDA
$ 98.39M$ 0.00$ 46.67M$ 42.20M$ 25.57M
Operating Income
$ 96.39M$ 76.85M$ 44.55M$ 39.79M$ 23.13M
Other Income/Expenses
$ 0.00$ -5.72M$ 0.00$ 0.00$ 0.00
Pretax Income
$ 96.39M$ 71.13M$ 44.55M$ 39.79M$ 23.13M
Net Income
$ 68.42M$ 52.27M$ 32.21M$ 29.22M$ 17.78M
Per Share Metrics
Basic EPS
$ 2.07$ 1.60$ 0.99$ 0.90$ -1.55
Diluted EPS
$ 1.91$ 1.52$ 0.93$ 0.86$ -1.55
Weighted Average Shares Outstanding
32.65M 32.21M 31.91M 22.81M 20.09M
Weighted Average Shares Outstanding (Diluted)
35.76M 34.48M 34.13M 33.98M 20.09M
Currency in USD

Velocity Financial Earnings and Revenue History