VEL
Income statement / Annual
Last year (2023), Velocity Financial, Inc.'s total revenue was $131.72 M,
an increase of 41.52% from the previous year.
In 2023, Velocity Financial, Inc.'s net income was $52.27 M.
See Velocity Financial, Inc.�s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$131.72 M
|
$93.08 M
|
$75.88 M
|
$65.97 M
|
$54.26 M
|
$45.60 M
|
$33.64 M
|
$24.65 M
|
$56.50 M
|
$26.49 M
|
| Cost of Revenue |
$0.00 |
$12.73 M |
$13.41 M |
$12.80 M |
$9.86 M |
$7.44 M |
$6.10 M |
$4.17 M |
$3.14 M |
$1.79 M |
| Gross Profit |
$131.72 M |
$80.34 M |
$62.47 M |
$53.17 M |
$44.40 M |
$38.16 M |
$27.54 M |
$20.48 M |
$53.36 M |
$24.70 M |
| Gross Profit Ratio |
1 |
0.86 |
0.82 |
0.81 |
0.82 |
0.84 |
0.82 |
0.83 |
0.94 |
0.93 |
| Research and Development
Expenses |
$0.00
|
$0.18
|
$0.21
|
$0.13
|
$0.16
|
$0.15
|
$0.14
|
$0.09
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$4.60 M
|
$32.21 M
|
$27.95 M
|
$22.47 M
|
$22.80 M
|
$21.45 M
|
$16.73 M
|
$12.99 M
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$50.27 M
|
$1.42 M
|
$661,000.00
|
$578,000.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$52.99 M
|
$32.21 M
|
$27.95 M
|
$22.47 M
|
$22.80 M
|
$21.45 M
|
$16.73 M
|
$12.99 M
|
$0.00
|
$7.45 M
|
| Other Expenses |
$0.00 |
$55.49 M |
-$64.04 M |
-$65.31 M |
-$51.67 M |
$28.11 M |
$24.91 M |
$19.99 M |
-$10.24 M |
$0.00 |
| Operating Expenses |
$54.87 M |
$59.67 M |
-$36.09 M |
-$42.84 M |
-$28.87 M |
$49.57 M |
$41.64 M |
$32.98 M |
$10.24 M |
$7.45 M |
| Cost And Expenses |
$54.87 M |
$59.67 M |
-$36.09 M |
-$42.84 M |
-$28.87 M |
$49.57 M |
$41.64 M |
$32.98 M |
$13.76 M |
$9.24 M |
| Interest Income |
$310.78 M |
$240.34 M |
$181.97 M |
$167.32 M |
$157.53 M |
$124.72 M |
$97.83 M |
$78.42 M |
$0.00 |
$0.00 |
| Interest Expense |
$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 |
$0.00 |
| Depreciation &
Amortization |
$2.30 M
|
$53.88 M
|
$45.20 M
|
$49.38 M
|
$132.14 M
|
$107.55 M
|
$23.92 M
|
$20.90 M
|
$0.00
|
$0.00
|
| EBITDA |
$0.00
|
$22.23 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$77.08 M
|
$58.59 M
|
$42.74 M
|
$17.25 M
|
| EBITDA Ratio |
0 |
1.87 |
0.56 |
0.39 |
0.51 |
2.12 |
2.27 |
2.36 |
0.76 |
0.65 |
| Operating Income Ratio
|
0.58
|
1.85
|
0.52
|
0.35
|
0.47
|
2.09
|
2.24
|
2.34
|
0.76
|
0.65
|
| Total Other
Income/Expenses Net |
-$5.72 M
|
-$13.39 M
|
-$21.23 M
|
-$20.11 M
|
-$17.79 M
|
-$11.09 M
|
-$8.43 M
|
-$6.17 M
|
-$35.59 M
|
-$23.55 M
|
| Income Before Tax |
$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 |
-$6.30 M |
| Income Before Tax Ratio
|
0.54
|
0.48
|
0.52
|
0.35
|
0.47
|
0.42
|
0.42
|
0.28
|
0.13
|
-0.24
|
| Income Tax Expense |
$18.83 M |
$12.03 M |
$10.57 M |
$5.35 M |
$8.11 M |
$8.70 M |
$76.31 M |
$59.53 M |
$0.00 |
$0.00 |
| Net Income |
$52.27 M |
$32.21 M |
$29.22 M |
$17.78 M |
$17.29 M |
$10.55 M |
$13.99 M |
$6.80 M |
$7.15 M |
-$6.30 M |
| Net Income Ratio |
0.4 |
0.35 |
0.39 |
0.27 |
0.32 |
0.23 |
0.42 |
0.28 |
0.13 |
-0.24 |
| EPS |
1.6 |
0.99 |
1.28 |
0.88 |
0.86 |
0.9 |
1.19 |
0.58 |
0.36 |
-0.31 |
| EPS Diluted |
1.49 |
0.93 |
0.86 |
0.88 |
0.86 |
0.9 |
1.19 |
0.58 |
0.36 |
-0.31 |
| Weighted Average Shares
Out |
$32.21 M
|
$31.91 M
|
$22.81 M
|
$20.09 M
|
$20.09 M
|
$11.75 M
|
$11.75 M
|
$11.75 M
|
$20.09 M
|
$20.09 M
|
| Weighted Average Shares
Out Diluted |
$34.48 M
|
$34.13 M
|
$33.98 M
|
$20.09 M
|
$20.09 M
|
$11.75 M
|
$11.75 M
|
$11.75 M
|
$20.09 M
|
$20.09 M
|
| Link |
|
|
|
|
|
|
|
|
|
|
