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Velocity Financial Inc
NYSE:VEL

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Velocity Financial Inc Logo
Velocity Financial Inc
NYSE:VEL
Watchlist
Price: 16.73 USD -1.65% Market Closed
Updated: Apr 30, 2024
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

319m
+7%
Revenue
Growth Rates:
1 Year
+29%
3 Years
+82%
5 Years
+153%
7 Years
-
10 Years
-
275.1m
+8%
Operating Income
Growth Rates:
1 Year
+33%
3 Years
+109%
5 Years
+185%
7 Years
-
10 Years
-
51.5m
+21%
Net Income
Growth Rates:
1 Year
+63%
3 Years
-
5 Years
+578%
7 Years
-
10 Years
-

Earnings Waterfall
Velocity Financial Inc

Revenue
319m USD
Cost of Revenue
-30.6m USD
Gross Profit
288.5m USD
Operating Expenses
-13.3m USD
Operating Income
275.1m USD
Other Expenses
-223.6m USD
Net Income
51.5m USD

Income Statement
Velocity Financial Inc

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Income Statement
Currency: USD
Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023
Revenue
Revenue
99
N/A
106
+7%
113
+6%
120
+6%
126
+5%
135
+7%
142
+5%
150
+6%
162
+8%
171
+6%
173
+1%
174
+1%
175
+0%
171
-2%
179
+4%
185
+3%
190
+3%
203
+7%
217
+7%
233
+8%
248
+6%
263
+6%
278
+6%
297
+7%
319
+7%
Gross Profit
Cost of Revenue
(5)
(5)
(5)
(6)
(6)
(7)
(7)
(7)
(7)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(8)
(9)
(10)
(12)
(12)
(16)
(20)
(26)
(31)
Gross Profit
94
N/A
101
+7%
108
+7%
114
+6%
120
+5%
128
+7%
135
+5%
143
+6%
155
+8%
163
+6%
165
+1%
166
+0%
167
+1%
163
-2%
171
+4%
177
+4%
182
+3%
194
+7%
206
+6%
222
+7%
235
+6%
247
+5%
258
+5%
271
+5%
288
+7%
Operating Income
Operating Expenses
(18)
(19)
(19)
(21)
(23)
(25)
(26)
(27)
(28)
(31)
(35)
(36)
(36)
(39)
(33)
(32)
(28)
(34)
(37)
(37)
(29)
(27)
(20)
(16)
(13)
Selling, General & Administrative
(18)
(16)
(17)
(18)
(25)
(20)
(20)
(20)
(25)
(21)
(23)
(26)
(33)
(26)
(25)
(24)
(32)
(26)
(28)
(30)
(44)
(41)
(45)
(51)
(62)
Other Operating Expenses
0
(3)
(2)
(3)
1
(5)
(6)
(8)
(3)
(10)
(12)
(10)
(2)
(12)
(8)
(9)
3
(8)
(10)
(7)
16
14
25
35
49
Operating Income
76
N/A
82
+8%
88
+8%
94
+6%
97
+3%
104
+7%
108
+5%
115
+6%
127
+10%
132
+4%
131
-1%
130
0%
132
+1%
125
-5%
138
+10%
144
+5%
153
+6%
160
+5%
169
+5%
184
+9%
207
+12%
220
+6%
239
+9%
255
+7%
275
+8%
Pre-Tax Income
Interest Income Expense
(61)
(64)
(67)
(71)
(76)
(81)
(87)
(93)
(99)
(105)
(105)
(103)
(100)
(99)
(101)
(101)
(106)
(119)
(127)
(140)
(157)
(163)
(178)
(190)
(198)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
(1)
(2)
(4)
(6)
0
0
0
(4)
0
0
0
(5)
0
0
0
0
Total Other Income
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
(3)
(3)
(3)
(4)
(3)
(2)
(3)
(3)
(3)
(2)
(1)
0
0
(2)
(3)
(5)
(6)
Pre-Tax Income
14
N/A
17
+23%
20
+19%
22
+6%
19
-11%
21
+8%
20
-5%
21
+4%
25
+23%
23
-11%
20
-10%
20
-3%
23
+18%
24
+4%
34
+43%
40
+17%
40
-1%
39
-1%
41
+5%
44
+8%
45
+1%
55
+24%
57
+4%
61
+6%
71
+18%
Net Income
Tax Provision
0
(4)
(6)
(7)
(12)
(9)
(9)
(10)
(8)
(7)
(6)
(6)
(5)
(5)
(8)
(10)
(11)
(10)
(11)
(12)
(12)
(15)
(16)
(17)
(19)
Income from Continuing Operations
14
13
15
14
8
11
11
11
17
15
14
13
18
19
26
30
29
29
30
33
33
40
41
43
52
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(1)
(0)
(0)
(0)
0
(0)
Net Income (Common)
14
N/A
13
-6%
15
+12%
14
-3%
8
-47%
11
+50%
11
-7%
11
+5%
17
+55%
15
-12%
(35)
N/A
(36)
-1%
(31)
+12%
(32)
-1%
21
N/A
23
+7%
21
-9%
22
+5%
26
+21%
31
+18%
32
+2%
39
+23%
41
+4%
43
+5%
52
+21%
EPS (Diluted)
0.74
N/A
0.68
-8%
0.77
+13%
0.75
-3%
0.4
-47%
0.6
+50%
0.56
-7%
0.59
+5%
0.91
+54%
0.75
-18%
-1.75
N/A
-1.09
+38%
-1.55
-42%
-0.94
+39%
0.62
N/A
0.65
+5%
0.6
-8%
0.63
+5%
0.76
+21%
0.9
+18%
0.94
+4%
1.16
+23%
1.21
+4%
1.23
+2%
1.49
+21%

See Also

Summary
VEL intrinsic value, competitors valuation, and company profile.
DCF Valuation
VEL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
VEL stock valuation using valuation multiples.
Wall Street Estimates
VEL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
VEL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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