| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Interest income | $550.8M+35.4% | $406.8M+30.9% | $310.8M+29.3% | $240.3M+32.1% | $182.0M |
| Interest expense — portfolio related | $340.5M+37.7% | $247.2M+32.6% | $186.5M+46.0% | $127.7M+49.6% | $85.4M |
| Net interest income — portfolio related | $210.4M+31.8% | $159.6M+28.4% | $124.3M+10.4% | $112.6M+16.6% | $96.6M |
| Interest expense — corporate debt | $24.6M+3.1% | $23.8M+43.9% | $16.6M-43.8% | $29.5M+43.0% | $20.6M |
| Net interest income | $185.8M+36.8% | $135.8M+26.0% | $107.8M+29.6% | $83.1M+9.4% | $76.0M |
| Provision for credit losses | $5.8M+394.9% | $1.2M-38.7% | $1.9M+66.2% | $1.2M+494.5% | -$292K |
| Net interest income after provision for credit losses | $180.0M+33.7% | $134.6M+27.2% | $105.8M+29.1% | $82.0M+7.5% | $76.3M |
| Gain on disposition of loans | $16.9M+105.3% | $8.2M | — | $7.1M-9.9% | $7.9M |
| Unrealized gain on fair value loans | $116.9M+109.2% | $55.9M+16.7% | $47.9M+478.9% | $8.3M+28400.0% | $29K |
| Unrealized gain (loss) on fair value securitized debt | -$30.5M-1279.9% | $2.6M+128.7% | -$9.0M | — | — |
| Unrealized gain (loss) on mortgage servicing rights | -$998K-366.1% | $375K+156.8% | -$660K-131.6% | $2.1M | — |
| Origination fee income | $34.0M+41.6% | $24.0M+92.8% | $12.4M+138.3% | $5.2M+224.5% | $1.6M |
| Interest income on cash balance | $5.9M-9.8% | $6.5M+25.0% | $5.2M | — | — |
| Other income | $2.1M-1.0% | $2.1M+16.7% | $1.8M+12.4% | $1.6M+513.1% | $267K |
| Total other operating income | $163.6M+61.4% | $101.4M+53.8% | $65.9M+171.0% | $24.3M+148.2% | $9.8M |
| Compensation and employee benefits | $90.2M+29.6% | $69.6M+43.9% | $48.3M+58.7% | $30.5M+58.7% | $19.2M |
| Origination expenses | $4.5M+45.1% | $3.1M+494.0% | $518K-87.0% | $4.0M+83.3% | $2.2M |
| Securitization expenses | $28.3M+45.8% | $19.4M+50.1% | $12.9M | — | — |
| Loan servicing | $33.4M+49.2% | $22.4M+27.0% | $17.6M+43.4% | $12.3M+48.5% | $8.3M |
| Professional fees | $6.1M-19.9% | $7.6M+65.6% | $4.6M+10.1% | $4.2M+10.5% | $3.8M |
| Rent and occupancy | $1.1M-41.8% | $1.9M+0.1% | $1.9M+10.2% | $1.7M-1.2% | $1.8M |
| Real estate owned, net | $22.9M+279.9% | $6.0M-2.0% | $6.2M+8890.0% | -$70K-102.2% | $3.1M |
| Other operating expenses | $10.8M+12.9% | $9.6M+12.8% | $8.5M-7.0% | $9.2M+15.7% | $7.9M |
| Total operating expenses | $197.4M+41.3% | $139.6M+38.8% | $100.6M+62.9% | $61.8M+33.5% | $46.3M |
| Income before income taxes | $146.2M+51.7% | $96.4M+35.5% | $71.1M+59.6% | $44.6M+12.0% | $39.8M |
| Total income tax expense | $10.4M+22.2% | $8.5M+131.8% | $3.7M-69.5% | $12.0M+13.9% | $10.6M |
| Net income | $105.0M+53.3% | $68.5M+30.9% | $52.3M+60.8% | $32.5M+11.3% | $29.2M |
| Net income (loss) attributable to noncontrolling interest | -$71K-251.1% | $47K+135.0% | $20K-93.5% | $308K | — |
| Net income attributable to Velocity Financial, Inc. | $105.1M+53.5% | $68.4M+30.9% | $52.3M+62.3% | $32.2M+10.2% | $29.2M |
| Less undistributed earnings attributable to unvested restricted stock awards | $1.3M+61.6% | $834K+10.8% | $753K+53.4% | $491K-94.3% | $8.6M |
| Net earnings attributable to common stockholders | $103.7M+53.4% | $67.6M+31.2% | $51.5M+62.4% | $31.7M+53.7% | $20.6M |
| Basic | $36.9M+12.9% | $32.7M+1.4% | $32.2M+0.9% | $31.9M+39.9% | $22.8M |
| Diluted | $38.2M+6.8% | $35.8M+3.7% | $34.5M+1.0% | $34.1M+0.4% | $34.0M |
| Related Party | |||||
| Nonrelated Party | |||||
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Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.