Name: Velocity Financial, Inc. (VEL) Financial Statements
Creator: FinSpry

Velocity Financial Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Velocity Financial, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	482.78	100.20	91.19	75.88	65.97
Cost of Revenue	272.21	0.00	0.00	0.00	0.00
Gross Profit	210.56	0.00	0.00	0.00	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	74.55	48.34	35.93	19.19	20.73
Operating Expenses	114.17	0.00	0.00	0.00	0.00
Operating Income	96.39	71.13	44.55	39.79	23.13
Other Income/Expense
Interest Income	406.84	310.78	240.34	181.97	167.32
Interest Expense	247.22	203.02	157.20	106.00	99.88
Other Income/Expense	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	96.39	71.13	44.55	39.79	23.13
Income Tax Expense	27.93	18.83	12.03	10.57	5.35
Net Income	68.42	52.27	32.21	29.22	17.78
Net Income - Continuous Operations	68.42	52.29	32.52	29.22	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	98.39	0.00	0.00	0.00	0.00
EBIT	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	2.00	0.75	2.12	1.12	1.22
Earnings Per Share
Basic EPS	2.00	2.00	1.00	1.00	-2.00
Diluted EPS	2.00	2.00	1.00	1.00	-2.00
Basic Shares Outstanding	32.65	32.21	31.91	22.81	20.09
Diluted Shares Outstanding	35.76	34.48	34.13	33.98	20.09