8-K Announcements
6Material company update
May 7, 2026·SEC
Material company update
May 6, 2026·SEC
Material company update
Mar 12, 2026·SEC
Velocity Financial, Inc.(VEL)Earnings, Financials & Key Ratios
VEL•NYSE
$17.79
6.5× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryMortgage FinanceSub-IndustryCommercial and multifamily mortgage lenders
AboutVelocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 14 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.Show more
- EBITDA$513M+421.7%
- Net Income$105M+53.5%
- EPS (Diluted)2.75+44.0%
- Gross Margin95.32%+118.6%
- EBITDA Margin71.85%+252.5%
- Operating Margin71.56%+258.4%
- Net Margin14.7%+3.8%
- ROE17.57%+22.9%
VEL Price & Volume
Velocity Financial, Inc. (VEL) stock price & volume — 10-year historical chart
Loading chart...
Securitization Dependency Masks Underlying Earnings Volatility Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Securitization market liquidity dependency
Key Thesis Takeaways
- Velocity Financial has successfully scaled its small-balance commercial mortgage portfolio, driving revenue from $98.6 million in 2024Q1 to $167.9 million by 2026Q1.
- However, this growth is heavily reliant on securitization markets, as evidenced by a debt-to-equity ratio that reached 9.68x in 2025Q4, creating significant sensitivity to credit liquidity.
- Investors should remain cautious as the disconnect between high operating margins and erratic cash flow conversion suggests that fair value adjustments may be inflating reported profitability.
Verdict Logic
while the company trades at a 6.63x P/E ratio, the high securitization dependency and the 0.64 current ratio suggest that liquidity risks may outweigh the current valuation multiples.
VEL Growth Metrics
Velocity Financial, Inc. (VEL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years33.92%
3 Years42.22%
TTM-
Profit CAGR
10 Years-
5 Years42.66%
3 Years48.3%
TTM55.99%
EPS CAGR
10 Years-
5 Years-
3 Years43.53%
TTM46.6%
Return on Capital
10 Years2.93%
5 Years3.2%
3 Years4.28%
Last Year8.57%
VEL Recent Earnings
Velocity Financial, Inc. (VEL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.68+6.3%
$0.64
Rev
$85M+24.4%
$69M
Q2 2026
Mar 11, 2026Metric
Actual
Est
EPS
$0.93+38.8%
$0.67
Rev
$103M+51.8%
$68M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.69+3.0%
$0.67
Rev
$172M+227.9%
$53M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.73+34.4%
$0.54
Rev
$152M+252.2%
$43M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.68vs $0.64+6.3% | $85Mvs $69M+24.4% |
| Q2 2026 | Mar 11, 2026 | $0.93vs $0.67+38.8% | $103Mvs $68M+51.8% |
| Q4 2025 | Nov 6, 2025 | $0.69vs $0.67+3.0% | $172Mvs $53M+227.9% |
| Q3 2025 | Aug 7, 2025 | $0.73vs $0.54+34.4% | $152Mvs $43M+252.2% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Velocity Financial, Inc. (VEL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $17.79 | $698M | 6.47 | 47.99% | 14.7% | 17.57% | — | |
| $1.68 | $277.57M | -1.17 | 1725.96% | -290.69% | -29.57% | — | |
| $4.43 | $245.78M | -270.12 | -2.79% | -24.91% | -3.88% | — | |
| $1.44 | $69M | -1.24 | 187.77% | -30.49% | -7.1% | — | |
| $4.75 | $192.85M | 3.89 | 36.55% | -19.55% | -3.39% | — | |
| $7.83 | $602.62M | 12.23 | -100% | 17.89% | 4.73% | — |
Compare VEL vs Peers
Velocity Financial, Inc. (VEL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VEL SEC Filings & Documents
Velocity Financial, Inc. (VEL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when VEL posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
VEL Frequently Asked Questions
Velocity Financial, Inc. (VEL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Velocity Financial, Inc.'s revenue?
Velocity Financial, Inc. (VEL) reported $688.6M in revenue for fiscal year 2025.
How fast is Velocity Financial, Inc. growing?
Velocity Financial, Inc. (VEL) grew revenue by 48.0% over the past year. This is strong growth.
Is VEL profitable?
Yes, Velocity Financial, Inc. (VEL) is profitable, generating $108.5M in net income for fiscal year 2025 (14.7% net margin).
Dividend & Returns
What is VEL's return on equity?
Velocity Financial, Inc. (VEL) has a return on equity (ROE) of 17.6%. This is reasonable for most industries.
What is Velocity Financial, Inc.'s free cash flow?
Velocity Financial, Inc. (VEL) generated $26.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.