Is Velocity Financial profitable?

Velocity Financial reported $108.5M in net income over the trailing twelve months.

What is Velocity Financial's earnings per share?

Velocity Financial's diluted EPS over the trailing twelve months is $2.80.

Where does Velocity Financial's income statement data come from?

Every line is extracted from Velocity Financial's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Velocity Financial VEL Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Net interest income	$43.92M-14.9%	$51.61M+5.2%	$49.08M+3.1%	$47.59M+26.9%	$37.51M-3.5%
Net interest income after provision for credit losses	$42.26M-14.9%	$49.66M+2.0%	$48.7M+5.9%	$45.99M+29.0%	$35.64M-8.2%
Compensation and benefits	$2.7M-96.8%	$84.06M+3,803%	$2.15M+6.2%	$2.03M+3.0%	$1.97M-97.0%
Professional fees	$5.78M+304%	$1.43M+60.1%	$893K-55.2%	$1.99M+11.7%	$1.78M+20.8%
Depreciation and amortization	$133K+8.1%	$123K0.0%	$123K-6.8%	$132K-4.3%	$138K-3.5%
Provision for credit losses	$1.32M-32.3%	$1.95M+413%	$381K-76.2%	$1.6M+55.3%	$1.03M+4,577%
Other operating expenses	$2.83M-1.1%	$2.86M+7.2%	$2.66M-4.9%	$2.8M+10.7%	$2.53M+8.4%
Total noninterest expense	$54.34M+2.8%	$52.86M+4.9%	$50.4M-2.9%	$51.91M+23.0%	$42.19M+7.8%
Interest expense	$100.42M—	——	$92.18M+14.5%	$80.53M+2.8%	$78.34M—
Other income (expense), net	$3.73M+577%	$551K-2.5%	$565K+15.5%	$489K-6.1%	$521K-29.2%
Income before income taxes	$30.88M-38.3%	$50.05M+41.5%	$35.38M+4.3%	$33.92M+26.1%	$26.89M-16.1%
Income tax expense	$8.58M-43.9%	$15.3M+53.5%	$9.96M+28.5%	$7.75M-6.0%	$8.25M-26.6%
Net income	$22.36M-35.7%	$34.8M+37.1%	$25.37M-2.4%	$26M+37.6%	$18.89M-8.3%
Net income attributable to noncontrolling interests	-$64K—	——	$39K-77.5%	$173K+172%	-$239K—
Diluted earnings per share	$0.57-36.0%	$0.89+36.9%	$0.65-5.8%	$0.69+35.3%	$0.51-10.5%
Basic earnings per share	$0.57-36.7%	$0.90+36.4%	$0.66-4.3%	$0.69+25.5%	$0.55-11.3%
Weighted-average shares, diluted	39.2M+2.6%	38.2M-1.6%	38.8M+2.7%	37.8M+2.7%	36.8M+2.9%
Weighted-average shares, basic	38.6M+4.8%	36.9M-3.2%	38.1M+2.4%	37.2M+10.4%	33.7M+3.2%
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	$4.54M—	——	$179K+23.4%	$145K-93.3%	$2.16M—
Pre-tax stock-based compensation cost	$2.7M—	——	$2.15M+6.2%	$2.03M+3.0%	$1.97M—
Amortization Of Financing Costs And Discounts	$4.04M+64.0%	$2.46M+5.9%	$2.32M-5.1%	$2.45M-15.4%	$2.89M+4.3%
Stock options excluded as their inclusion would be anti-dilutive (in shares)	395—	——	317.6K-3.8%	330.1K+66,864%	493—
Capitalized Improvement On Real Estate Owned	$298K—	——	——	——	$19K—
Cash Basis Interest Income Recognized On Nonaccrual Loans	$9.6M—	——	$12.2M-12.9%	$14M+64.7%	$8.5M—
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	-$137.19M—	——	$20.62M-9.3%	$22.73M+526%	$3.63M—
Change In Valuation Of Real Estate Owned	$3.22M—	——	$6.31M+193%	$2.15M+3.7%	$2.07M—
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$22.66M—	——	$25.66M+4.4%	$24.59M+37.4%	$17.89M—
Debt Instrument Average Rate	7.1%—	——	7.7%+0.2%	7.5%0.0%	7.5%—
Debt Issuance Cost Amortization Percentage	1.3%—	——	0.5%0.0%	0.5%+0.1%	0.4%—
Deferred taxes	$4.08M+168%	-$5.97M-40.4%	-$4.26M-391%	-$867K-129%	$2.96M+1,006%
Derivative, Gain (Loss) on Derivative, Net	-$134K—	——	$149K-92.0%	$1.85M+19.3%	$1.55M+137%
Derivative Instrument Gain Loss Reclassified From Accumulated OCI Into Income Effective Portion Net	-$206K—	——	-$192K+6.3%	-$205K-231%	-$62K—
Derivative Instruments Gain Loss Reclassification From Accumulated OCI To Income Estimated Net Amount To Be Transferred	-$900K—	——	——	-$500K-66.7%	-$300K—
Diluted Effect Of Stock Option	240K—	——	221K+11.1%	199K-16.0%	237K—
Diluted Effect Of Unvested Performance Based Stock Units	192K—	——	368K+21.9%	302K-6.2%	322K—
Diluted Effect Of Unvested Restricted Stock Awards	108K—	——	138K+45.3%	95K-25.8%	128K—
Dilutive Effect Of Warrants	——	——	——	——	2.4M—
Dilutive Effects Of Employee Stock Purchase Plan	8K—	——	——	——	3K—
Compensation and employee benefits	$23.52M+3.9%	$22.63M-2.9%	$23.3M+3.1%	$22.61M+4.2%	$21.68M+8.0%
Expense Related to Distribution or Servicing and Underwriting Fees	$8.56M-9.4%	$9.45M+21.9%	$7.75M-5.6%	$8.21M+2.5%	$8.01M+18.7%
Finance Lease Right Of Use Asset Amortization	$187K-70.3%	$629K+215%	$200K-2.9%	$206K-56.1%	$469K+195%
Accrued interest receivables written off	$1.06M—	——	$881K+0.7%	$875K-15.7%	$1.04M—
Financing Receivable Amortized Cost	$1.96B—	——	$2.13B-4.5%	$2.23B-4.1%	$2.33B—
Financing Receivable Individually Evaluated Without Allowance For Credit Loss Average Recorded Investment	$243.1M—	——	$270.2M-6.5%	$289.1M-3.8%	$300.6M—
Recognized interest income	$0—	——	$0—	$0—	$0—
Foreclosed Real Estate Expense Benefit	$6.86M-20.7%	$8.65M+9.1%	$7.93M+140%	$3.3M+8.9%	$3.03M+1,030%
Gain Loss On Sale Of Mortgage Loans	$64K—	——	——	——	——
Net gains/(losses) on sales of loans	$2.9M—	——	$4.57M-27.2%	$6.29M+122%	$2.83M+1.8%
Gain (loss) on real estate dispositions, net	-$129K-164%	$203K+33.6%	$152K-80.8%	$790K+163%	$300K-91.2%
Government Back Construction Loan	$25.9M—	——	——	——	——
Less: Net income attributable to noncontrolling interests	-$64K—	——	$39K-77.5%	$173K+172%	-$239K—
Income Taxes Paid, Net	$699K-97.1%	$23.94M+197%	$8.06M-55.2%	$17.97M+2,231%	$771K-95.9%
Accounts payable and other current liabilities	$2.05M—	$0-100%	$7.02M-7.8%	$7.61M+47.9%	$5.15M-44.5%
Increase Decrease In Accrued Interest Receivable Net	$3.09M-2.9%	$3.18M-46.0%	$5.89M+87.2%	$3.15M-37.1%	$5M+78.7%
Increase Decrease In Impounds And Deposits	$2.31M—	——	——	$3.33M+1,387%	-$259K—
Increase (Decrease) in Other Current Assets	-$3.63M-321%	$1.65M—	——	$6.59M+1,632%	-$430K—
Increase Decrease In Valuation Of Fair Value Loans	$1.04M—	——	$30.98M+3.6%	$29.91M-14.2%	$34.84M—
Increase Decrease In Valuation Of Fair Value Securitized Debt	$26.25M—	——	-$9.99M-31.7%	-$7.58M+44.6%	-$13.68M—
Increase Decrease In Valuation Of Mortage Servicing Rights	-$337K—	——	-$343K-142%	-$142K+86.9%	-$1.08M—
Interest And Fee Income Loans And Leases Held In Portfolio	$153.08M+0.4%	$152.4M+5.7%	$144.12M+6.3%	$135.57M+14.2%	$118.74M+4.6%
Interest Expense Borrowings	$15.13M+146%	$6.14M0.0%	$6.14M0.0%	$6.14M0.0%	$6.14M0.0%
Debt	$109.16M—	——	$95.04M+8.0%	$87.98M+8.3%	$81.23M—
Savings, interest checking and money market	$94.03M-0.7%	$94.65M+6.5%	$88.9M+8.6%	$81.84M+9.0%	$75.09M+9.6%
Interest Income (Expense), after Provision for Loan Loss	$42.26M-14.9%	$49.66M+2.0%	$48.7M+5.9%	$45.99M+29.0%	$35.64M-8.2%
Interest Income (Expense), Operating	$43.92M-14.9%	$51.61M+5.2%	$49.08M+3.1%	$47.59M+26.9%	$37.51M-3.5%
Interest Income NOW Accounts Money Market Accounts And Savings Deposits Net	$59.05M+2.3%	$57.75M+4.6%	$55.22M+2.8%	$53.73M+23.1%	$43.65M-3.0%
Interest Income On Cash Balance	$1.41M-3.0%	$1.45M-7.4%	$1.56M+3.9%	$1.51M+12.4%	$1.34M-7.8%
Interest Paid, Excluding Capitalized Interest, Operating Activity	$100.42M+7.0%	$93.83M+1.8%	$92.18M+14.5%	$80.53M+2.8%	$78.34M+16.3%
Lines Of Credit Fund Maximum Percentage Of Principle Balance Of Mortgage Loans	100%—	——	——	——	100%—
Loan Held For Sale In Unfunded Portion Of Construction Loan	$19.8M—	——	——	——	——
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders	$33K—	——	——	$47K—	——
Net Accretion Of Discount On Purchased Loans And Deferred Loan Origination Costs	$809K—	——	——	——	$954K—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	$202.1M-47.6%	$386.01M-11.9%	$438.24M-3.9%	$456.26M+13.6%	$401.51M+23.0%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$351.37M-40.5%	-$250.1M+41.7%	-$429.07M+2.7%	-$441.2M-9.9%	-$401.41M-12.7%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$12.09M—	——	$11.45M+49.5%	$7.66M+117%	$3.54M-89.4%
Net Earnings Attributable To Common Stockholders	$22.05M—	——	$25.02M-2.7%	$25.71M+37.8%	$18.65M—
Noninterest Expense	$54.34M+2.8%	$52.86M+4.9%	$50.4M-2.9%	$51.91M+23.0%	$42.19M+7.8%
Total other income	$3.73M+577%	$551K-2.5%	$565K+15.5%	$489K-6.1%	$521K-29.2%
Number of reportable segments	1—	——	——	——	1—
Origination Income Expenses	-$1.16M+9.2%	-$1.28M-11.0%	-$1.15M+3.3%	-$1.19M-42.4%	-$838K-2.8%
Origination Of Loans Held For Investment	$637.15M—	——	$713.02M+4.2%	$684.47M+7.7%	$635.54M—
Unrealized gains (losses) on hedge instruments	$86K—	——	$98K+106%	-$1.61M-52.7%	-$1.06M—
Other comprehensive income (loss)	$292K—	——	$290K+121%	-$1.41M-41.6%	-$994K—
Other income, net	$42.96M-19.3%	$53.25M+43.6%	$37.08M-7.0%	$39.85M+19.1%	$33.45M+3.5%
Other Operating Origination Income	$7.97M+20.0%	$6.64M-31.7%	$9.72M+8.8%	$8.94M+3.0%	$8.68M+19.8%
Payments For Origination Of Mortgage Loans Held For Sale	$2.23M+22.4%	$1.82M-12.2%	$2.07M-94.9%	$40.92M+738%	$4.89M+6.1%
Payments for Repurchase of Common Stock	$4.54M+453,600%	$1K-99.4%	$179K-96.4%	$4.99M+131%	$2.16M—
Payments of Debt Issuance Costs	$15.06M+3,504%	$418K+158%	$162K-79.5%	$790K+212%	$253K-68.3%
Payments Of Stock Issuance Costs	——	$13K—	$0-100%	$355K+1,379%	$24K-48.4%
Payment for Acquisition, Loan, Held-for-Investment	$70K—	——	——	——	——
Payments to Acquire Property, Plant, and Equipment	$42K-26.3%	$57K-13.6%	$66K-15.4%	$78K-2.5%	$80K-19.2%
Payments to Noncontrolling Interests	$33K—	——	——	——	——
Proceeds from Issuance of Common Stock	——	$1.04M-88.3%	$8.84M+284%	$2.3M-92.0%	$28.8M+247%
Proceeds From Issuance Of Unsecured Debt	$500M—	——	——	——	——
Proceeds From Sale Of Loans Held For Sale	$2.27M-42.8%	$3.97M—	——	——	——
Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans	$18.47M—	——	$11.86M-18.3%	$14.52M+81.0%	$8.02M—
Proceeds From Warehouse Repurchase Facilities	$374.4M—	——	$590.3M-10.9%	$662.4M-19.2%	$819.53M—
Proceeds Of Securitizations Net	$513.73M—	——	$671.36M-26.9%	$918.98M+121%	$415.68M—
Proceeds Repayments From Advances For Construction	-$1.47M—	——	-$541K-27.3%	-$425K+77.1%	-$1.86M—
Net additions (releases) charged to costs and expenses	-$84K+90.3%	-$869K-801%	$124K+410%	-$40K-106%	$627K—
Total provisions for credit losses	$1.66M-15.0%	$1.95M+413%	$381K-76.2%	$1.6M-14.6%	$1.87M+8,409%
Real Estate Acquired Through Foreclosure In Excess Of Recorded Investment	$2.83M—	——	$4.57M-11.0%	$5.14M+81.4%	$2.83M—
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	-$206K—	——	-$192K+6.3%	-$205K-231%	-$62K—
Rent And Occupancy	$340K+23.6%	$275K+0.4%	$274K-8.1%	$298K+8.4%	$275K-7.1%
Repayment Of Securitizations	$365.91M—	——	$243.18M+5.3%	$231.02M-11.9%	$262.32M—
Repayment Of Warehouse Repurchase Facilities	$585.49M—	——	$588.72M-34.7%	$901.11M+50.8%	$597.74M—
Repayments of Secured Debt	$215M—	——	——	——	——
Securitizations Effective Interest Rate	6%—	——	——	——	6.1%—
Securitizations Expenses	$5.29M-15.9%	$6.29M-2.3%	$6.43M-44.2%	$11.52M+185%	$4.04M-43.1%
Securitized Debt Average Interest Rate	5.9%—	——	——	——	5.9%—
Securitized Debt Issuance Cost Amortization Interest Rate	0.1%—	——	——	——	0.2%—
Securitized Debt Issued	$6.75M—	——	$6.65M-92.4%	$87.3M—	$0—
Servicing Asset At Fair Value Additions	$19K—	——	——	$451K—	——
Weighted average constant prepayment rate	9.8%+0.1%	9.7%—	——	——	5.2%+0.1%
Discount rate	8.9%0.0%	8.9%—	——	——	8%0.0%
Servicing Rights Fair Value Adjustments	-$337K—	——	-$343K-142%	-$142K+86.9%	-$1.08M—
Stock-based compensation	$2.7M+26.5%	$2.13M-1.1%	$2.15M+6.2%	$2.03M+3.0%	$1.97M+19.8%
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment	——	——	$8.73M-33.3%	$13.08M-54.2%	$28.54M—
Restricted stock acquisition consideration	$2.7M—	——	$2.15M+6.2%	$2.03M+3.0%	$1.97M—
Transfer Of Accrued Interest To Loans Held For Investment	$642K—	——	$674K+29.6%	$520K-25.6%	$699K—
Treasury Stock Shares Withheld	228.4K—	——	9.6K-96.4%	267.6K+131%	115.6K—
Treasury Stock Withheld Average Cost Per Share	$20.00—	——	$18.74+0.4%	$18.66-0.2%	$18.70—
Undistributed Earnings Loss Allocated To Participating Securities Basic	$312K-34.6%	$477K+35.5%	$352K+23.1%	$286K+22.7%	$233K-8.3%
Unrealized Gain Loss On Fair Value Loans	$1.04M-95.1%	$21.13M-31.8%	$30.98M+3.6%	$29.91M-14.2%	$34.84M—
Unrealized Gain Loss On Fair Value Securitized Debt	$26.25M—	$0+100%	-$9.99M-31.7%	-$7.58M+44.6%	-$13.68M-140%
Unrealized Gain Loss On Mortgage Servicing Rights	-$337K—	——	-$343K-211%	$309K+129%	-$1.08M-183%

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Questions, answered.

Is Velocity Financial profitable?: Velocity Financial reported $108.5M in net income over the trailing twelve months.
What is Velocity Financial's earnings per share?: Velocity Financial's diluted EPS over the trailing twelve months is $2.80.
Where does Velocity Financial's income statement data come from?: Every line is extracted from Velocity Financial's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.