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VEL · NYSE · Financial - Mortgages

Velocity Financial (VEL)

Originates, securitizes, and manages investor real estate loans across the United States.

$16.28

After hours+0.03 (+0.18%)

At close$16.25(+0.62%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	91	103	99	114	119	125	119	166	172	182	168	179
Cost of revenue	52	56	8	66	70	18	81	90	95	17	14	21
Gross profit	39	47	90	49	49	107	38	76	77	165	154	158
	22	24	3	29	28	0	44	43	41	6	7	4
	13	18	16	17	18	23	2	23	24	0	6	2
Selling & marketing	0	0	0	0	0	1	0	0	0	0	0	0
General & administrative	13	18	16	17	18	22	2	23	24	0	6	2
Other expenses	9	6	−13	12	10	−23	42	20	18	6	1	1
Operating income	17	22	88	20	21	107	−6	34	35	159	147	154
	0	0	−65	0	0	−75	33	0	0	−109	−116	−119
Interest income	80	88	91	96	105	115	119	137	146	154	154	162
Interest expense	52	56	61	48	64	75	75	88	95	101	109	112
Other non-operating income	0	0	1	0	0	0	−108	0	0	9	7	7
Income before tax	17	22	23	20	21	32	27	34	35	50	31	35
Income tax expense	5	5	6	5	6	11	8	8	10	15	9	10
Net income from continuing operations	12	17	17	15	16	21	19	26	25	35	22	26
Net income	12	17	17	15	16	21	18	26	25	35	22	25
EPS, basic	$0.37	$0.53	$0.52	$0.45	$0.48	$0.62	$0.55	$0.69	$0.66	$0.91	$0.57	$0.64
EPS, diluted	$0.34	$0.49	$0.48	$0.41	$0.43	$0.56	$0.51	$0.68	$0.65	$0.90	$0.56	$0.63
Weighted average shares, basic	32	32	33	33	33	33	34	37	38	37	39	39
Weighted average shares, diluted	35	35	35	36	36	36	37	38	39	38	39	39
EBITDA	18	23	87	20	22	107	102	34	36	152	140	148
Depreciation & amortization	1	1	1	1	1	0	0	0	0	1	0	0
EBIT	17	22	87	20	21	107	102	34	35	151	140	147