Velocity Financial, Inc. (VEL) - Quarterly Income Statement

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VEL
Financials

17.77 (USD) • At close April 25, 2025

Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q3	2017 Q2	2017 Q1
Revenue Numbers are in millions	63.622	49.265	107.092	98.607	93.693	35.484	30.17	29.47	24.988	25.184	28.36	14.241	51.549	20.439	23.494	15.259	22.663	15.49	11.825	16.775	16.258	14.428	13.858	37.871	33.708	33.291	31.013	12.555	12.359	25.906	24.293	21.985
Cost of Revenue Numbers are in millions	0	5.013	4.466	8.224	11.737	3.853	3.407	-3.947	12.734	3.833	3.374	2.805	0	3.81	3.387	3.031	1.754	2.954	0	3.587	0	1.887	1.98	24.285	23.019	21.412	19.074	0	0	1.314	1.199	1.075
Gross Profit Numbers are in millions	63.622	44.252	102.626	90.383	81.956	31.631	26.763	33.417	12.254	21.351	24.986	11.436	51.549	16.629	20.107	12.228	20.909	12.536	11.825	13.188	16.258	12.541	11.878	13.586	10.689	11.879	11.939	12.555	12.359	24.592	23.094	20.91
Gross Profit Ratio Numbers are in millions	1	0.898	0.958	0.917	0.875	0.891	0.887	1.134	0.49	0.848	0.881	0.803	1	0.814	0.856	0.801	0.923	0.809	1	0.786	1	0.869	0.857	0.359	0.317	0.357	0.385	1	1	0.949	0.951	0.951
Reseach & Development Expenses Numbers are in millions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
General & Administrative Expenses Numbers are in millions	22.173	2.305	17.179	15.855	17.545	12.995	11.128	10.454	14.681	7.233	6.979	5.765	12.029	5.185	4.976	5.649	11.046	6.107	6.311	5.496	10.18	4.081	4.199	4.344	9.191	4.125	4.067	0.516	0.371	0	0	0
Selling & Marketing Expenses Numbers are in millions	1.237	0	0	0	0.872	0	0	0	1.421	0	0	0	0.11	0	0	0	0	0	0	0.001	2.444	0	0	0	0	0	0	4.068	3.766	0	0	0
SG&A Numbers are in millions	23.41	2.305	17.179	15.855	18.417	12.995	11.128	10.454	16.102	7.233	6.979	5.765	12.139	5.185	4.976	5.649	11.046	6.107	6.311	5.497	10.18	4.081	4.199	4.344	9.191	4.125	4.067	4.585	4.137	4.846	5.152	4.559
Other Expenses Numbers are in millions	40.212	27.295	0	-13.22	-18.417	22.627	0	22.963	12.323	12.063	0	8.476	9.23	15.254	0	7.81	9.883	7.86	7.268	9.332	6.078	8.46	7.765	9.242	1.498	7.754	7.872	0	0	0	0	0
Operating Expenses Numbers are in millions	63.622	29.6	18.897	2.635	0.001	39.553	18.815	33.417	28.425	12.727	13.57	14.241	21.369	20.439	20.613	13.459	20.929	8.911	13.579	8.463	16.258	12.541	11.964	13.586	10.689	11.879	12.033	4.585	6.641	4.846	5.152	4.559
Operating Income Numbers are in millions	0	20.732	86.789	87.748	81.955	17.36	14.037	0	27.448	2.509	14.79	5.648	39.505	0.339	17.723	2.801	6.32	8.332	-10.908	1.62	2.649	10.549	9.125	29.016	24.557	24.602	23.972	7.97	8.222	19.746	17.942	16.351
Operating Income Ratio Numbers are in millions	0	0.421	0.81	0.89	0.875	0.489	0.465	0	1.098	0.1	0.522	0.397	0.766	0.017	0.754	0.184	0.279	0.538	-0.922	0.097	0.163	0.731	0.658	0.766	0.729	0.739	0.773	0.635	0.665	0.762	0.739	0.744
Total Other Income Expenses Net Numbers are in millions	32.037	0.512	-66.916	-64.512	-59.648	-0.121	2.787	14.757	-15.756	11.54	0	-1.627	-28.128	10.588	-4.838	1.803	5.433	-3.307	13.533	2.107	5.493	-4.873	-4.146	-22.415	-21.143	-19.756	-17.999	-2.475	-2.504	-16.05	-15.219	-14.5
Income Before Tax Numbers are in millions	32.037	21.244	19.873	23.236	22.307	17.239	16.824	14.757	11.692	14.049	14.79	4.021	11.377	10.927	12.885	4.604	11.753	5.025	2.625	3.727	8.142	5.676	4.979	6.601	3.414	4.846	5.973	5.495	5.718	3.696	2.723	1.851
Income Before Tax Ratio Numbers are in millions	0.504	0.431	0.186	0.236	0.238	0.486	0.558	0.501	0.468	0.558	0.522	0.282	0.221	0.535	0.548	0.302	0.519	0.324	0.222	0.222	0.501	0.393	0.359	0.174	0.101	0.146	0.193	0.438	0.463	0.143	0.112	0.084
Income Tax Expense Numbers are in millions	11.232	5.627	5.162	5.903	5.141	5.07	4.602	4.021	3.465	3.759	4.019	0.79	3.024	2.905	3.432	1.208	2.177	1.544	0.484	1.148	2.96	1.796	1.444	1.906	1.459	1.528	1.653	2.857	0	0	0	0
Net Income Numbers are in millions	20.587	15.803	14.778	17.251	17.355	12.086	12.183	10.649	8.462	9.983	10.645	3.121	8.353	8.022	9.453	3.396	9.576	3.481	2.141	2.579	5.182	3.88	3.535	4.695	1.955	3.318	4.32	0.956	5.718	3.696	2.723	1.851
Net Income Ratio Numbers are in millions	0.324	0.321	0.138	0.175	0.185	0.341	0.404	0.361	0.339	0.396	0.375	0.219	0.162	0.392	0.402	0.223	0.423	0.225	0.181	0.154	0.319	0.269	0.255	0.124	0.058	0.1	0.139	0.076	0.463	0.143	0.112	0.084
EPS Numbers are in millions	0.62	0.48	0.45	0.52	0.53	0.37	0.37	0.33	0.26	0.31	0.33	0.1	0.26	0.25	0.29	0.11	0.48	0.17	-2.33	0.13	0.26	0.2	0.3	0.4	0.17	0.28	0.37	0.23	0.05	0.18	0.14	0.092
EPS Diluted Numbers are in millions	0.57	0.44	0.42	0.48	0.49	0.35	0.36	0.31	0.24	0.29	0.31	0.09	0.24	0.23	0.28	0.1	0.29	0.11	-2.33	0.13	0.26	0.2	0.3	0.4	0.17	0.28	0.37	0.23	0.05	0.18	0.14	0.092
EBITDA Numbers are in millions	0	0	22.561	87.272	81.882	0	0	0	57.847	2.509	0	5.648	40.148	0	0	0	0	0	0	0	0	32.366	0	29.318	24.843	24.998	24.429	22.272	21.844	19.746	17.942	16.351
EBITDA Ratio Numbers are in millions	0	0	0.211	0.885	0.874	0	0	0	2.315	0.1	0	0.397	0.779	0	0	0	0	0	0	0	0	2.243	0	0.774	0.737	0.751	0.788	1.774	1.767	0.762	0.739	0.744

Velocity Financial, Inc.

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