Velocity Financial, Inc.
VEL · NYSE
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $483 | $132 | $248 | $181 |
| % Growth | 266.5% | -47% | 37% | – |
| Cost of Goods Sold | $272 | $0 | $158 | $106 |
| Gross Profit | $211 | $132 | $90 | $76 |
| % Margin | 43.6% | 100% | 36.2% | 41.7% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $73 | $52 | $35 | $23 |
| SG&A Expenses | $75 | $53 | $36 | $24 |
| Sales & Mktg Exp. | $1 | $1 | $1 | $1 |
| Other Operating Expenses | $40 | $2 | $10 | $12 |
| Operating Expenses | $114 | $55 | $45 | $36 |
| Operating Income | $96 | $77 | $45 | $40 |
| % Margin | 20% | 58.3% | 17.9% | 21.9% |
| Other Income/Exp. Net | $0 | -$6 | $0 | $0 |
| Pre-Tax Income | $96 | $71 | $45 | $40 |
| Tax Expense | $28 | $19 | $12 | $11 |
| Net Income | $68 | $52 | $32 | $29 |
| % Margin | 14.2% | 39.7% | 13% | 16.1% |
| EPS | 2.07 | 1.6 | 0.99 | 0.9 |
| % Growth | 29.4% | 61.6% | 10% | – |
| EPS Diluted | 1.91 | 1.52 | 0.93 | 0.86 |
| Weighted Avg Shares Out | 33 | 32 | 32 | 23 |
| Weighted Avg Shares Out Dil | 36 | 34 | 34 | 34 |
| Supplemental Information | – | – | – | – |
| Interest Income | $407 | $316 | $240 | $182 |
| Interest Expense | $247 | $203 | $157 | $106 |
| Depreciation & Amortization | $2 | $2 | $2 | $2 |
| EBITDA | $98 | $0 | $47 | $42 |
| % Margin | 20.4% | 0% | 18.8% | 23.3% |