Income Statement - Velocity Financial, Inc. (VEL)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 714.45 | 482.78 | 131.72 | 248.38 | 181.31 | 165.84 | 152.78 | 121.52 | 94.93 | 75.47 | 56.50 | 26.49 |
| Cost of revenue | 33.41 | 272.21 | 32.85 | 158.35 | 105.70 | 104.94 | 99.66 | 76.12 | 61.71 | 52.28 | 3.14 | 1.79 |
| Gross profit | 681.04 | 210.56 | 131.72 | 90.03 | 75.61 | 60.90 | 53.12 | 45.40 | 33.22 | 23.19 | 53.36 | 24.70 |
| Total operating expenses | 169.75 | 114.17 | 54.87 | 45.48 | 35.81 | 37.77 | 27.73 | 26.15 | 19.23 | 16.39 | 10.24 | 7.45 |
| Operating income | 511.29 | 96.39 | 76.85 | 44.55 | 39.79 | 23.13 | 25.40 | 19.25 | 13.99 | 6.80 | 42.74 | 17.25 |
| Non-operating income (net) | -365.05 | 0.00 | -5.72 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -35.59 | -23.55 |
| Income before tax | 146.24 | 96.39 | 71.13 | 44.55 | 39.79 | 23.13 | 25.40 | 19.25 | 13.99 | 6.80 | 7.15 | -6.30 |
| Income tax expense | 41.26 | 27.93 | 18.83 | 12.03 | 10.57 | 5.35 | 8.11 | 11.62 | 76.31 | 59.53 | ||
| Net income | 105.05 | 68.42 | 52.27 | 32.21 | 29.22 | 17.78 | 17.29 | 7.63 | 13.99 | 6.80 | 7.15 | -6.30 |
Show Quarterly Income Statement
Income Statement - Velocity Financial, Inc. (VEL)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 167.92 | 182.33 | 172.29 | 166.02 | 119.26 | 124.89 | 119.28 | 114.41 | 98.61 | 103.13 | 91.27 | 84.54 | 79.59 | 73.42 | 62.92 | 58.04 | 54.94 | 49.50 | 45.25 | 45.49 | 41.64 | 44.27 | 40.56 | 36.66 | 44.02 | 16.26 | 38.21 | 35.64 | 36.00 | 31.83 | 31.64 | 29.94 | 12.55 | 12.36 | 25.91 | 24.29 | 21.99 |
| Cost of revenue | 14.17 | 17.24 | 95.42 | 89.58 | 81.23 | 17.70 | 69.95 | 65.56 | 8.22 | 56.37 | 51.88 | 49.89 | 46.80 | 44.56 | 39.15 | 33.21 | 41.43 | 28.50 | 25.04 | 23.88 | 28.29 | 23.75 | 25.83 | 24.88 | 30.48 | 1.94 | 26.01 | 23.89 | 22.76 | 21.37 | 19.97 | 17.73 | 1.31 | 1.20 | 1.08 | ||
| Gross profit | 153.75 | 165.09 | 76.87 | 76.44 | 38.03 | 107.18 | 49.33 | 48.85 | 90.38 | 46.76 | 39.40 | 34.66 | 32.78 | 28.86 | 23.77 | 24.83 | 13.51 | 20.99 | 20.21 | 21.61 | 13.35 | 20.52 | 14.72 | 11.78 | 13.54 | 43.68 | 12.20 | 11.75 | 13.24 | 10.47 | 11.67 | 12.21 | 12.55 | 12.36 | 24.59 | 23.09 | 20.91 |
| Total operating expenses | 6.85 | 5.59 | 41.50 | 42.52 | 44.06 | -0.05 | 28.09 | 28.98 | 2.64 | 24.45 | 22.16 | 17.83 | 18.02 | 17.17 | 9.72 | 10.04 | 9.49 | 9.62 | 9.28 | 8.73 | 8.75 | 8.77 | 9.70 | 9.15 | 9.81 | 6.53 | 6.77 | 6.64 | 7.05 | 6.82 | 6.24 | 4.58 | 6.64 | 4.85 | 5.15 | 4.56 | |
| Operating income | 146.90 | 159.49 | 35.38 | 33.92 | -6.03 | 107.24 | 21.24 | 19.87 | 87.75 | 22.31 | 17.24 | 16.82 | 14.76 | 11.69 | 14.05 | 14.79 | 4.02 | 11.38 | 10.93 | 12.89 | 4.60 | 11.75 | 5.03 | 2.63 | 3.73 | 36.20 | 5.68 | 4.98 | 6.60 | 3.41 | 4.85 | 5.97 | 7.97 | 8.22 | 19.75 | 17.94 | 16.35 |
| Non-operating income (net) | -116.02 | -109.45 | 0.00 | 0.00 | 32.93 | -75.20 | 0.00 | 0.00 | -64.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -28.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.48 | -2.50 | -16.05 | -15.22 | -14.50 |
| Income before tax | 30.88 | 50.05 | 35.38 | 33.92 | 26.89 | 32.04 | 21.24 | 19.87 | 23.24 | 22.31 | 17.24 | 16.82 | 14.76 | 11.69 | 14.05 | 14.79 | 4.02 | 11.38 | 10.93 | 12.89 | 4.60 | 11.75 | 5.03 | 2.63 | 3.73 | 8.14 | 5.68 | 4.98 | 6.60 | 3.41 | 4.85 | 5.97 | 5.50 | 5.72 | 3.70 | 2.72 | 1.85 |
| Income tax expense | 8.58 | 15.30 | 9.96 | 7.75 | 8.25 | 11.23 | 5.63 | 5.16 | 5.90 | 5.14 | 5.07 | 4.60 | 4.02 | 3.47 | 3.76 | 4.02 | 0.79 | 3.02 | 2.91 | 3.43 | 1.21 | 2.18 | 1.54 | 0.48 | 1.15 | 2.96 | 1.80 | 1.44 | 1.91 | 1.46 | 1.53 | 1.65 | 2.86 | ||||
| Net income | 22.36 | 34.80 | 25.37 | 26.00 | 18.41 | 20.59 | 15.80 | 14.78 | 17.25 | 17.36 | 12.09 | 12.18 | 10.65 | 8.46 | 9.98 | 10.65 | 3.12 | 8.35 | 8.02 | 9.45 | 3.40 | 9.58 | 3.48 | 2.14 | 2.58 | 5.18 | 3.88 | 3.54 | 4.70 | 1.96 | 3.32 | 4.32 | 0.96 | 5.72 | 3.70 | 2.72 | 1.85 |