Velocity Financial, Inc. (VEL) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 153.75M | 165.09M | 76.87M | 76.44M | 38.03M | 107.18M | 49.33M | 48.85M | 90.38M | 46.76M | 39.4M | 34.66M | 32.78M | 28.86M | 23.77M | 24.83M | 13.51M | 20.99M | 20.21M | 21.61M |
| Gross Margin % | 91.56% | 90.54% | 44.62% | 46.04% | 31.89% | 85.82% | 41.36% | 42.7% | 91.66% | 45.34% | 43.17% | 40.99% | 41.19% | 39.31% | 37.78% | 42.78% | 24.59% | 42.41% | 44.67% | 47.51% |
| Gross Profit Growth % | 304.29% | 54.02% | 55.82% | 56.47% | -57.92% | 129.21% | 25.22% | 40.96% | 175.72% | 62.02% | 65.74% | 39.58% | 142.62% | 37.48% | 17.61% | 14.88% | 1.18% | 2.29% | 37.28% | 83.49% |
| Operating Expenses | 6.85M | 5.59M | 41.49M | 42.52M | 44.06M | -52K | 28.09M | 28.98M | 2.63M | 24.45M | 22.16M | 17.83M | 18.02M | 17.17M | 9.72M | 10.04M | 9.49M | 9.62M | 9.28M | 8.73M |
| OpEx % of Revenue | 4.08% | 3.07% | 24.08% | 25.61% | 36.95% | -0.04% | 23.55% | 25.33% | 2.67% | 23.71% | 24.28% | 21.09% | 22.65% | 23.39% | 15.45% | 17.29% | 17.27% | 19.43% | 20.52% | 19.19% |
| Selling, General & Admin | 0 | 0 | 23.57M | 22.9M | 1.78M | 23.41M | 18.11M | 17.18M | 15.86M | 18.42M | 12.99M | 11.13M | 10.45M | 16.1M | 7.23M | 6.98M | 5.76M | 12.14M | 5.18M | 4.98M |
| SG&A % of Revenue | - | - | 13.68% | 13.8% | 1.49% | 18.75% | 15.18% | 15.02% | 16.08% | 17.86% | 14.24% | 13.16% | 13.14% | 21.93% | 11.49% | 12.02% | 10.49% | 24.52% | 11.46% | 10.94% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 146.9M | 159.49M | 35.38M | 33.92M | -6.03M | 107.23M | 21.24M | 19.87M | 87.75M | 22.31M | 17.24M | 16.82M | 14.76M | 11.69M | 14.05M | 14.79M | 4.02M | 11.38M | 10.93M | 12.88M |
| Operating Margin % | 87.48% | 87.48% | 20.53% | 20.43% | -5.06% | 85.87% | 17.81% | 17.37% | 88.99% | 21.63% | 18.89% | 19.9% | 18.54% | 15.93% | 22.33% | 25.48% | 7.32% | 22.99% | 24.15% | 28.33% |
| Operating Income Growth % | 2535.33% | 48.73% | 66.52% | 70.69% | -106.87% | 380.7% | 23.23% | 18.12% | 494.62% | 90.8% | 22.71% | 13.75% | 267% | 2.77% | 28.57% | 14.78% | -12.66% | -3.2% | 117.45% | 390.86% |
| EBITDA | 140.04M | 160.25M | 35.7M | 34.26M | -5.89M | 107.54M | 21.86M | 20.43M | 88.27M | 23.06M | 17.76M | 17.34M | 15.26M | 12.22M | 14.57M | 15.32M | 4.56M | 12.02M | 11.53M | 13.38M |
| EBITDA Margin % | 83.4% | 87.89% | 20.72% | 20.64% | -4.94% | 86.11% | 18.33% | 17.86% | 89.52% | 22.36% | 19.46% | 20.51% | 19.18% | 16.65% | 23.15% | 26.39% | 8.29% | 24.28% | 25.48% | 29.43% |
| EBITDA Growth % | 2475.92% | 49.01% | 63.31% | 67.69% | -106.68% | 366.27% | 23.09% | 17.81% | 478.39% | 88.67% | 21.9% | 13.21% | 234.91% | 1.7% | 26.38% | 14.45% | -13.56% | -2.79% | 104.23% | 313.37% |
| D&A (Non-Cash Add-back) | 0 | 752K | 323K | 338K | 138K | 302K | 615K | 557K | 526K | 755K | 519K | 518K | 505K | 532K | 519K | 529K | 536K | 643K | 600K | 500K |
| EBIT | 140.04M | 150.84M | 35.38M | 33.92M | 101.98M | 106.93M | 21.24M | 19.87M | 86.75M | 22.31M | 17.24M | 16.82M | 14.76M | 11.69M | 14.05M | 14.79M | 4.02M | 11.38M | 10.93M | 12.88M |
| Net Interest Income | 45.33M | 53.06M | 50.64M | 49.09M | 43.65M | 40.31M | 41.2M | 48.64M | 29.47M | 32.44M | 28.71M | 26.5M | 24.35M | 20.64M | 24.85M | 26.31M | 11.35M | 21.23M | 22.11M | 20.1M |
| Interest Income | 154.49M | 153.85M | 145.68M | 137.07M | 118.74M | 114.94M | 105.07M | 96.31M | 90.53M | 87.98M | 80.43M | 76.09M | 70.52M | 65.63M | 63.42M | 59.24M | 52.05M | 49.36M | 46.92M | 44.98M |
| Interest Expense | 109.16M | 100.79M | 95.04M | 87.98M | 75.09M | 74.63M | 63.87M | 47.66M | 61.05M | 55.55M | 51.72M | 49.59M | 46.17M | 44.99M | 38.57M | 32.93M | 40.7M | 28.13M | 24.81M | 24.88M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 30.88M | 50.05M | 35.38M | 33.92M | 26.89M | 32.04M | 21.24M | 19.87M | 23.24M | 22.31M | 17.24M | 16.82M | 14.76M | 11.69M | 14.05M | 14.79M | 4.02M | 11.38M | 10.93M | 12.88M |
| Pretax Margin % | 18.39% | 27.45% | 20.53% | 20.43% | 22.55% | 25.65% | 17.81% | 17.37% | 23.56% | 21.63% | 18.89% | 19.9% | 18.54% | 15.93% | 22.33% | 25.48% | 7.32% | 22.99% | 24.15% | 28.33% |
| Income Tax | 8.58M | 15.3M | 9.96M | 7.75M | 8.25M | 11.23M | 5.63M | 5.16M | 5.9M | 5.14M | 5.07M | 4.6M | 4.02M | 3.46M | 3.76M | 4.02M | 790K | 3.02M | 2.9M | 3.43M |
| Effective Tax Rate % | 27.78% | 30.56% | 28.16% | 22.85% | 30.66% | 35.06% | 26.49% | 25.97% | 25.4% | 23.05% | 29.41% | 27.35% | 27.25% | 29.64% | 26.76% | 27.17% | 19.65% | 26.58% | 26.59% | 26.64% |
| Net Income | 22.36M | 34.8M | 25.37M | 26M | 18.41M | 20.59M | 15.8M | 14.78M | 17.25M | 17.36M | 12.09M | 12.18M | 10.65M | 8.46M | 9.98M | 10.64M | 3.12M | 8.35M | 8.02M | 9.45M |
| Net Margin % | 13.32% | 19.09% | 14.73% | 15.66% | 15.44% | 16.48% | 13.25% | 12.92% | 17.49% | 16.83% | 13.24% | 14.41% | 13.38% | 11.53% | 15.87% | 18.34% | 5.68% | 16.88% | 17.73% | 20.78% |
| Net Income Growth % | 21.48% | 69.02% | 60.56% | 75.92% | 6.71% | 18.62% | 30.75% | 21.3% | 62% | 105.09% | 21.07% | 14.45% | 241.2% | 1.3% | 24.45% | 12.61% | -8.1% | -12.77% | 130.45% | 341.52% |
| Net Income (Continuing) | 22.3M | 34.75M | 25.41M | 26.17M | 18.65M | 20.8M | 15.62M | 14.71M | 17.33M | 17.17M | 12.17M | 12.22M | 10.74M | 8.23M | 10.29M | 10.77M | 3.23M | 8.35M | 8.02M | 9.45M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.06M | 3.15M | 3.2M | 3.16M | 3.03M | 3.27M | 3.05M | 3.42M | 3.51M | 3.43M | 3.62M | 3.54M | 3.62M | 3.69M | 3.92M | 3.62M | 3.49M | 3.38M | 0 | 0 |
| EPS (Diluted) | 0.57 | 0.90 | 0.65 | 0.68 | 0.51 | 0.56 | 0.43 | 0.41 | 0.48 | 0.49 | 0.34 | 0.36 | 0.31 | 0.24 | 0.29 | 0.31 | 0.09 | 0.24 | 0.23 | 0.28 |
| EPS Growth % | 11.76% | 60.71% | 51.16% | 65.85% | 6.25% | 14.29% | 26.47% | 13.89% | 54.84% | 104.17% | 17.24% | 16.13% | 244.44% | 0% | 26.09% | 10.71% | -10% | -17.24% | 109.09% | 112.02% |
| EPS (Basic) | 0.57 | 0.91 | 0.66 | 0.69 | 0.55 | 0.62 | 0.48 | 0.45 | 0.52 | 0.53 | 0.37 | 0.37 | 0.33 | 0.26 | 0.31 | 0.33 | 0.10 | 0.26 | 0.25 | 0.29 |
| Diluted Shares Outstanding | 39.17M | 38.18M | 38.8M | 37.79M | 36.81M | 36.1M | 35.9M | 35.6M | 35.44M | 34.99M | 34.73M | 34.14M | 34.05M | 34.06M | 34.2M | 34.06M | 34.2M | 34.26M | 34.21M | 33.96M |
| Basic Shares Outstanding | 38.63M | 36.85M | 38.07M | 37.19M | 33.69M | 32.65M | 32.71M | 32.59M | 32.54M | 32.33M | 32.27M | 32.12M | 32.1M | 31.92M | 31.92M | 31.92M | 31.89M | 30.9M | 20.09M | 20.09M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |