Velocity Financial, Inc. financial data

Symbol
VEL on NYSE
Industry
Finance Services
Location
2945 Townsgate Road, Suite 110, Westlake Village, CA
State of incorporation
DE
Fiscal year end
December 31
Former names
Velocity Financial, LLC (to 1/17/2020)
Latest financial report
Nov 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 936 % +5.42%
Return On Equity 14.1 % +29.4%
Return On Assets 1.36 % +23.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 33.1M shares +1.02%
Common Stock, Shares, Outstanding 33.1M shares +1.01%
Entity Public Float 101M USD +7.59%
Common Stock, Value, Issued 335K USD +1.52%
Weighted Average Number of Shares Outstanding, Basic 32.7M shares +1.35%
Weighted Average Number of Shares Outstanding, Diluted 35.9M shares +3.35%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 86.7M USD +43.2%
Income Tax Expense (Benefit) 21.8M USD +27.2%
Net Income (Loss) Attributable to Parent 65.2M USD +50.3%
Earnings Per Share, Basic 1.98 USD/shares +50%
Earnings Per Share, Diluted 1.85 USD/shares +45.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 44.1M USD +50%
Deferred Income Tax Assets, Net 14.5M USD +1957%
Property, Plant and Equipment, Net 1.69M USD -40.8%
Operating Lease, Right-of-Use Asset 2.54M USD +4.95%
Goodwill 6.78M USD 0%
Assets 5.2B USD +26.4%
Liabilities 4.71B USD +27.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax -2.66M USD -393%
Retained Earnings (Accumulated Deficit) 177M USD +58.4%
Stockholders' Equity Attributable to Parent 485M USD +16.4%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 488M USD +16.1%
Liabilities and Equity 5.2B USD +26.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 10.6M USD
Net Cash Provided by (Used in) Financing Activities 199M USD +157%
Net Cash Provided by (Used in) Investing Activities -212M USD -197%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 33.3M shares +1.3%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -2.88M USD +52.2%
Interest Paid, Excluding Capitalized Interest, Operating Activities 58.9M USD +33.4%
Deferred Tax Assets, Valuation Allowance 0 USD
Deferred Tax Assets, Gross 6.72M USD -45%
Operating Lease, Liability 2.7M USD +0.04%
Payments to Acquire Property, Plant, and Equipment 41K USD -14.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 61.6M USD -11.1%
Lessee, Operating Lease, Liability, to be Paid 3.25M USD -2.6%
Property, Plant and Equipment, Gross 10.4M USD +1.43%
Lessee, Operating Lease, Liability, to be Paid, Year Two 513K USD -57.6%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.29M USD -14.9%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure +34%
Deferred Income Tax Expense (Benefit) 480K USD -80.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 553K USD -20%
Lessee, Operating Lease, Liability, to be Paid, Year Three 325K USD +91.2%
Deferred Tax Assets, Operating Loss Carryforwards 8.45M USD
Unrecognized Tax Benefits 390K USD -79.9%
Lessee, Operating Lease, Liability, to be Paid, Year Four 277K USD +164%
Additional Paid in Capital 313M USD +2.68%
Depreciation, Depletion and Amortization 182K USD -6.67%
Share-based Payment Arrangement, Expense 1.1M USD +22.2%