Velocity Financial, Inc. (VEL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 12.04M | -4.49M | 11.45M | 7.66M | 3.54M | 33.27M | -17.57M | 11.47M | 10.58M | 20.1M | -9.75M | 44.36M | -11.93M | 40.02M | -4.44M | 1.26M | 11.84M | 16.14M | 18.68M | 10.47M |
| Operating CF Margin % | 7.17% | -2.46% | 6.65% | 4.62% | 2.96% | 26.64% | -14.73% | 10.03% | 10.73% | 19.49% | -10.69% | 52.47% | -14.99% | 54.51% | -7.06% | 2.18% | 21.54% | 32.6% | 41.28% | 23.02% |
| Operating CF Growth % | 240.55% | -113.49% | 165.18% | -33.21% | -66.58% | 65.54% | -80.16% | -74.14% | 188.71% | -49.77% | -119.46% | 3409.26% | -200.78% | 148% | -123.79% | -87.93% | 13.55% | -7.94% | 37.1% | -53.2% |
| Net Income | 22.05M | 34.75M | 25.41M | 26.17M | 18.65M | 20.8M | 16.03M | 14.78M | 17.33M | 17.13M | 12.17M | 12.22M | 10.65M | 8.46M | 10.29M | 10.77M | 3.23M | 7.99M | 8.02M | 9.45M |
| Depreciation & Amortization | 320K | 752K | 323K | 338K | 607K | 302K | 615K | 557K | 526K | 755K | 519K | 518K | 505K | 532K | 519K | 529K | 536K | 643K | 600K | 500K |
| Stock-Based Compensation | 0 | 2.13M | 2.15M | 2.03M | 1.97M | 1.65M | 1.57M | 1.6M | 1.37M | 0 | 1.2M | 1.03M | 1M | 1.19M | 931K | 810K | 669K | 0 | 500K | 500K |
| Deferred Taxes | 0 | -5.97M | -4.26M | -867K | 2.96M | -327K | -11.75M | 168K | 480K | 0 | 1.17M | 664K | 2.49M | -695K | 10.86M | 1.28M | 127K | 0 | -3.83M | -3.95M |
| Other Non-Cash Items | -12.93M | -31.11M | -17.46M | -17.88M | -21.23M | 3.27M | -32.42M | -6.46M | -11.96M | -9.67M | -24.19M | 15.8M | -18.1M | 15.62M | -11.81M | 3.44M | 9.41M | 7.04M | 5.94M | 4.08M |
| Working Capital Changes | 2.6M | -5.04M | 5.28M | -2.13M | 573K | 7.58M | 8.38M | 826K | 2.83M | 11.89M | -628K | 14.12M | -8.47M | 14.91M | -15.23M | -15.56M | -2.14M | 465K | 7.44M | -113K |
| Change in Receivables | -3.09M | -3.18M | -5.89M | -3.15M | -5M | -2.8M | 1.99M | -6.01M | 456K | -8.49M | -1.66M | -789K | 0 | 0 | -3.27M | 190K | 0 | -2.24M | -567K | -3.28M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 2.05M | -214K | 0 | 7.61M | 5.15M | 0 | 2.32M | 12.02M | 2.66M | 18.2M | -310K | 10.76M | 0 | 8.58M | -4.25M | -11.73M | 589K | 2.56M | 7.44M | 3.31M |
| Cash from Investing | -351.33M | -250.1M | -429.07M | -441.2M | -401.41M | -356.07M | -279.73M | -196.84M | -212.44M | -217.88M | -148.18M | -141.03M | -71.58M | -89.17M | -311.19M | -214.22M | -293.66M | -338.28M | -176.65M | -85.99M |
| Capital Expenditures | -42K | -57K | -66K | -78K | -80K | -99K | -65K | -84K | -41K | -108K | -24K | 0 | -48K | -53K | -56K | -151K | -66K | -31K | -2K | -53K |
| CapEx % of Revenue | 0.03% | 0.03% | 0.04% | 0.05% | 0.07% | 0.08% | 0.05% | 0.07% | 0.04% | 0.1% | 0.03% | - | 0.06% | 0.07% | 0.09% | 0.26% | 0.12% | 0.06% | 0% | 0.12% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 66K | 18K | 6.05B | 5.61B | 5.19B | 4.9B | 4.59B | 4.38B | 4.15B | 3.92B | 3.76B | 0 | 3.55B | 3.46B | 3.12B | 2.91B | 2.62B | 2.3B | 2.09B |
| Other Investing | -369.5M | -378.98M | -429.01M | -441.12M | -401.33M | -355.97M | -297.06M | -196.75M | -218.14M | -235.75M | -148.16M | -141.03M | -71.53M | -94.14M | -311.13M | -214.07M | -293.59M | -341.85M | -176.65M | -85.94M |
| Cash from Financing | 202.1M | 386.01M | 438.24M | 456.26M | 401.51M | 326.37M | 284.9M | 205.98M | 198.98M | 212.61M | 154.26M | 91.41M | 77.48M | 70.31M | 301.07M | 220.96M | 281.68M | 324.66M | 167.39M | 83.94M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -4.54M | 1.02M | 8.66M | 7.86M | 28.8M | 9.85M | 189K | 1.24M | -1.13M | 883K | 523K | 874K | -836K | 607K | 0 | 0 | -458K | -167K | 137K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -4.54M | -1K | -179K | -4.99M | 0 | 0 | 0 | -266K | -1.28M | -24K | 0 | -1K | -836K | 0 | 0 | 0 | -458K | 0 | 0 | 0 |
| Other Financing | 211.05M | 0 | -162K | -47K | -2.44M | -2.54M | -569K | -414K | -2.33M | 0 | -753K | -1.49M | -160K | -2.49M | -3.8M | -9.21M | -10.08M | 0 | -4.3M | -4.12M |
| Net Change in Cash | -137.19M | 131.43M | 20.62M | 22.73M | 3.63M | 3.57M | -12.4M | 20.61M | -2.88M | 14.83M | -3.68M | -5.26M | -6.02M | 21.15M | -14.56M | 8M | -138K | 2.52M | 9.42M | 8.42M |
| Free Cash Flow | 12M | -4.57M | 11.31M | 7.58M | 3.44M | 33.17M | -17.64M | 11.39M | 10.54M | 19.99M | -9.78M | 44.36M | -11.98M | 39.97M | -4.5M | 1.11M | 11.77M | 16.11M | 18.63M | 10.4M |
| FCF Margin % | 7.15% | -2.5% | 6.56% | 4.57% | 2.88% | 26.56% | -14.79% | 9.95% | 10.69% | 19.38% | -10.71% | 52.47% | -15.05% | 54.43% | -7.15% | 1.92% | 21.42% | 32.54% | 41.17% | 22.86% |
| FCF Growth % | 249.14% | -113.76% | 164.11% | -33.4% | -67.39% | 65.94% | -80.38% | -74.33% | 188.01% | -49.98% | -117.27% | 3885.35% | -201.75% | 148.15% | -124.16% | -89.3% | 13.56% | -6.79% | 39.73% | -52.92% |
| FCF per Share | 0.31 | -0.12 | 0.29 | 0.20 | 0.09 | 0.92 | -0.49 | 0.32 | 0.30 | 0.57 | -0.28 | 1.30 | -0.35 | 1.17 | -0.13 | 0.03 | 0.34 | 0.47 | 0.54 | 0.31 |
| FCF Conversion (FCF/Net Income) | 0.54x | -0.13x | 0.45x | 0.29x | 0.19x | 1.62x | -1.11x | 0.78x | 0.61x | 1.16x | -0.81x | 3.64x | -1.12x | 4.73x | -0.45x | 0.12x | 3.79x | 1.93x | 2.33x | 1.11x |
| Interest Paid | 0 | 0 | 92.18M | 80.53M | 78.34M | 67.34M | 67.96M | 57.04M | 58.92M | 0 | 0 | 0 | 44.18M | 33.77M | 35.16M | 22.46M | 27.32M | 0 | 20.81M | 21.3M |
| Taxes Paid | 0 | 0 | 8.06M | 17.97M | 771K | 18.77M | 6.92M | 15.85M | 17K | 0 | 0 | 0 | 264K | 78K | 1.38M | 21.3M | 277K | 0 | 2.54M | 4.58M |