Velocity Financial, Inc.
VEL · NYSE
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $482,776 | $131,718 | $248,380 | $181,310 |
| % Growth | 266.5% | -47% | 37% | – |
| Cost of Goods Sold | $272,212 | $0 | $158,347 | $105,703 |
| Gross Profit | $210,564 | $131,718 | $90,033 | $75,607 |
| % Margin | 43.6% | 100% | 36.2% | 41.7% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $73,311 | $52,122 | $34,507 | $23,379 |
| SG&A Expenses | $74,548 | $52,994 | $35,928 | $24,040 |
| Sales & Mktg Exp. | $1,237 | $872 | $1,421 | $661 |
| Other Operating Expenses | $39,625 | $1,876 | $9,553 | $11,774 |
| Operating Expenses | $114,173 | $54,870 | $45,481 | $35,814 |
| Operating Income | $96,391 | $76,848 | $44,552 | $39,793 |
| % Margin | 20% | 58.3% | 17.9% | 21.9% |
| Other Income/Exp. Net | $0 | -$5,721 | $0 | $0 |
| Pre-Tax Income | $96,391 | $71,127 | $44,552 | $39,793 |
| Tax Expense | $27,925 | $18,834 | $12,033 | $10,569 |
| Net Income | $68,419 | $52,273 | $32,211 | $29,224 |
| % 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 | 32,653 | 32,206 | 31,913 | 22,813 |
| Weighted Avg Shares Out Dil | 35,760 | 34,484 | 34,131 | 33,982 |
| Supplemental Information | – | – | – | – |
| Interest Income | $406,843 | $315,969 | $240,343 | $181,968 |
| Interest Expense | $247,218 | $203,024 | $157,195 | $105,995 |
| Depreciation & Amortization | $2,000 | $2,297 | $2,116 | $2,411 |
| EBITDA | $98,391 | $0 | $46,668 | $42,204 |
| % Margin | 20.4% | 0% | 18.8% | 23.3% |