Velocity Financial, Inc. (VEL) Quarterly Income Statement

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Velocity Financial, Inc. (VEL) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

VEL Income Statement

Velocity Financial, Inc. (VEL) annual income statement — 10-year revenue, gross profit & net income history

Metric	Q2'26	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

Net Interest Income	50.22M	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
NII Growth %	2.31%	3.83%	31.63%	22.92%	0.92%	48.1%	24.25%	43.51%	83.59%	21.03%	57.18%	15.54%	0.71%	114.51%	-2.79%	12.36%	30.87%	-9.36%	16.57%	29.22%
Net Interest Margin %	0.63%	0.6%	0.72%	0.73%	0.76%	0.73%	0.73%	0.79%	1%	0.64%	0.74%	0.7%	0.67%	0.63%	0.55%	0.68%	0.79%	0.37%	0.75%	0.9%
Interest Income	162.32M	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
Interest Expense	112.1M	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
Loan Loss Provision	-91.07M	-94.99M	-83.56M	381K	1.6M	6.14M	-56.92M	6.07M	17.9M	-52.83M	827K	154K	298K	636K	-437K	580K	279K	730K	376K	228K
Non-Interest Income	16.43M	13.43M	28.47M	26.61M	28.94M	521K	9.95M	14.21M	18.1M	8.08M	15.15M	10.84M	8.46M	9.06M	7.79M	-496K	-1.2M	2.89M	137K	-1.68M
Non-Interest Income %	24.65%	22.86%	34.92%	34.45%	37.09%	1.18%	19.8%	25.64%	27.12%	21.51%	31.83%	27.42%	24.2%	27.12%	27.39%	-2.04%	-4.79%	20.28%	0.64%	-8.2%
Total Net Revenue	66.66M	58.76M	81.53M	77.25M	78.03M	44.17M	50.26M	55.41M	66.75M	37.55M	47.59M	39.55M	34.95M	33.42M	28.43M	24.35M	25.11M	14.24M	21.37M	20.44M
Revenue Growth %	-14.58%	33.02%	62.22%	39.42%	16.91%	17.63%	5.61%	40.09%	90.96%	12.37%	67.42%	62.43%	39.22%	134.65%	33.02%	19.14%	21.8%	5.81%	2.1%	25.43%
Non-Interest Expense	3.67M	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
Efficiency Ratio	5.51%	11.66%	6.86%	53.71%	54.48%	99.75%	-0.1%	50.7%	43.41%	7.02%	51.39%	56.03%	51.02%	53.94%	60.4%	39.92%	39.98%	66.64%	45%	45.42%
Operating Income	154.05M	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
Operating Margin %	231.11%	250.01%	195.62%	45.79%	43.47%	-13.66%	213.37%	38.34%	29.77%	233.67%	46.88%	43.58%	48.13%	44.16%	41.13%	57.69%	58.91%	28.24%	53.24%	53.46%
Operating Income Growth %	354.14%	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%
Pretax Income	35.23M	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
Pretax Margin %	52.86%	52.55%	61.39%	45.79%	43.47%	60.88%	63.75%	38.34%	29.77%	61.88%	46.88%	43.58%	48.13%	44.16%	41.13%	57.69%	58.91%	28.24%	53.24%	53.46%
Income Tax	9.5M	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
Effective Tax Rate %	26.96%	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%
Net Income	25.16M	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
Net Margin %	37.75%	38.06%	42.68%	32.84%	33.31%	41.67%	40.96%	28.52%	22.14%	45.94%	36.47%	30.56%	34.85%	31.87%	29.77%	41%	42.4%	21.92%	39.09%	39.25%
Net Income Growth %	-3.21%	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%
Net Income (Continuing)	25.73M	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
EPS (Diluted)	0.63	0.56	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
EPS Growth %	-7.35%	9.8%	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%
EPS (Basic)	0.64	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
Diluted Shares Outstanding	39.3M	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