VEL
Income statement / Annual
Last year (2024), Velocity Financial, Inc.'s total revenue was $482.78 M,
an increase of 266.52% from the previous year.
In 2024, Velocity Financial, Inc.'s net income was $68.42 M.
See Velocity Financial, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$482.78 M |
$131.72 M |
$248.38 M |
$181.31 M |
$165.84 M |
$152.78 M |
$121.52 M |
$94.93 M |
$75.47 M |
$56.50 M |
| Cost of Revenue |
$272.21 M
|
$0.00
|
$158.35 M
|
$105.70 M
|
$104.94 M
|
$99.66 M
|
$76.12 M
|
$61.71 M
|
$52.28 M
|
$3.14 M
|
| Gross Profit |
$210.56 M
|
$131.72 M
|
$90.03 M
|
$75.61 M
|
$60.90 M
|
$53.12 M
|
$45.40 M
|
$33.22 M
|
$23.19 M
|
$53.36 M
|
| Gross Profit Ratio |
0.44
|
1
|
0.36
|
0.42
|
0.37
|
0.35
|
0.37
|
0.35
|
0.31
|
0.94
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$73.31 M
|
$52.12 M
|
$34.51 M
|
$23.38 M
|
$24.65 M
|
$22.80 M
|
$21.45 M
|
$16.73 M
|
$12.99 M
|
$0.00
|
| Selling & Marketing Expenses |
$1.24 M
|
$872.00 K
|
$1.42 M
|
$661.00 K
|
$578.00 K
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$74.55 M
|
$52.99 M
|
$35.93 M
|
$24.04 M
|
$25.23 M
|
$22.80 M
|
$21.45 M
|
$16.73 M
|
$12.99 M
|
$10.24 M
|
| Other Expenses |
$39.63 M
|
$1.88 M
|
$9.55 M
|
$11.77 M
|
$12.54 M
|
$4.92 M
|
$4.70 M
|
$2.50 M
|
$3.40 M
|
$0.00
|
| Operating Expenses |
$114.17 M
|
$54.87 M
|
$45.48 M
|
$35.81 M
|
$37.77 M
|
$27.73 M
|
$26.15 M
|
$19.23 M
|
$16.39 M
|
$10.24 M
|
| Cost And Expenses |
$386.39 M
|
$54.87 M
|
$203.83 M
|
$141.52 M
|
$142.71 M
|
$127.39 M
|
$102.27 M
|
$80.94 M
|
$68.67 M
|
$13.76 M
|
| Interest Income |
$406.84 M
|
$315.97 M
|
$240.34 M
|
$181.97 M
|
$167.32 M
|
$157.53 M
|
$124.72 M
|
$97.83 M
|
$78.42 M
|
$0.00
|
| Interest Expense |
$247.22 M
|
$203.02 M
|
$157.20 M
|
$106.00 M
|
$99.88 M
|
$98.52 M
|
$75.92 M
|
$61.29 M
|
$50.83 M
|
$34.88 M
|
| Depreciation & Amortization |
$2.00 M
|
$2.30 M
|
$2.12 M
|
$2.41 M
|
$2.45 M
|
$2.47 M
|
$1.43 M
|
$1.19 M
|
$514.00 K
|
$0.00
|
| EBITDA |
$98.39 M |
$0.00 |
$46.67 M |
$42.20 M |
$25.58 M |
$27.87 M |
$20.68 M |
$15.18 M |
$7.31 M |
$42.74 M |
| EBITDA Ratio |
0.2
|
0
|
0.19
|
0.23
|
0.15
|
0.18
|
0.17
|
0.16
|
0.1
|
0.76
|
| Operating Income Ratio |
0.2
|
0.58
|
0.18
|
0.22
|
0.14
|
0.17
|
0.16
|
0.15
|
0.09
|
0.76
|
| Total Other Income/Expenses Net |
$0.00
|
-$5.72 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
-$35.59 M
|
| Income Before Tax |
$96.39 M
|
$71.13 M
|
$44.55 M
|
$39.79 M
|
$23.13 M
|
$25.40 M
|
$19.25 M
|
$13.99 M
|
$6.80 M
|
$7.15 M
|
| Income Before Tax Ratio |
0.2
|
0.54
|
0.18
|
0.22
|
0.14
|
0.17
|
0.16
|
0.15
|
0.09
|
0.13
|
| Income Tax Expense |
$27.93 M
|
$18.83 M
|
$12.03 M
|
$10.57 M
|
$5.35 M
|
$8.11 M
|
$11.62 M
|
$0.00
|
$0.00
|
$0.00
|
| Net Income |
$68.42 M
|
$52.27 M
|
$32.21 M
|
$29.22 M
|
$17.78 M
|
$17.29 M
|
$7.63 M
|
$13.99 M
|
$6.80 M
|
$7.15 M
|
| Net Income Ratio |
0.14
|
0.4
|
0.13
|
0.16
|
0.11
|
0.11
|
0.06
|
0.15
|
0.09
|
0.13
|
| EPS |
2.07 |
1.6 |
0.99 |
0.9 |
-1.55 |
0.86 |
0.65 |
1.19 |
0.58 |
0.36 |
| EPS Diluted |
1.91 |
1.52 |
0.93 |
0.86 |
-1.55 |
0.86 |
0.9 |
1.19 |
0.58 |
0.36 |
| Weighted Average Shares Out |
$32.65 M
|
$32.21 M
|
$31.91 M
|
$22.81 M
|
$20.09 M
|
$113.59 M
|
$11.75 M
|
$11.75 M
|
$11.75 M
|
$20.09 M
|
| Weighted Average Shares Out Diluted |
$35.76 M
|
$34.48 M
|
$34.13 M
|
$33.98 M
|
$20.09 M
|
$113.59 M
|
$11.75 M
|
$11.75 M
|
$11.75 M
|
$20.09 M
|
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