What is Velocity Financial's exchange offer (note 12)?

Velocity Financial (VEL) reported exchange offer (note 12) of $22.5M in Q4 2021.

Velocity Financial VEL Exchange Offer (Note 12)

Exchange Offer (Note 12) at other companies

CenterspaceCSR

$43K-93.9%

Empire State Realty TrustESRT

$5.99M+278%

LBR

LB Pharmaceuticals Inc Common StockLBRX

$28.57M—

MacerichMAC

$5.23M+4,335%

Oruka Therapeutics, Inc.ORKA

$52.83M—

Blue Ridge BanksharesBRBS

$0-100%

Other financials

Income statement

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Net income$22.4M+18.4%

EPS (diluted)$0.57+11.8%

Balance sheet

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Cash & equivalents$87.1M+68.5%

Total debt$3.1M+15.0%

Total equity$693.3M+23.1%

Total assets$7.6B+27.1%

Cash flow

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Operating cash flow$12.1M+242%

CapEx$42.0K-47.5%

Free cash flow$12.0M+248%

Valuation

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Market cap$696.78M+2.6%

P/E6.4×-3.3×

Returns & leverage

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Return on equity17.3%+3.5pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Velocity Financial in its filing.

Tagged under the XBRL concept us-gaap:ConversionOfStockAmountConverted1.

The official record: Velocity Financial’s 10-K, filed March 15, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Velocity Financial's exchange offer (note 12)?: Velocity Financial (VEL) reported exchange offer (note 12) of $22.5M in Q4 2021.