Velocity Financial (NYSE: VEL) financial statements
The consolidated income statement, balance sheet and cash flow statement of Velocity Financial for its last 7 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $7,382m in total assets and $672.5m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $185.8m | $135.8m | $107.8m | $83.1m | $76.0m | $67.4m | $59.0m |
| Operating profit | $146.2m | $96.4m | $71.1m | $44.6m | $39.8m | $23.1m | $25.4m |
| Finance costs | $365.0m | $271.0m | $203.0m | $157.2m | $106.0m | $99.9m | $98.5m |
| Profit before tax | $146.2m | $96.4m | $71.1m | $44.6m | $39.8m | $23.1m | $25.4m |
| Income tax | $41.3m | $27.9m | $18.8m | $12.0m | $10.6m | $5.4m | $8.1m |
| Net profit | $105.1m | $68.4m | $52.3m | $32.2m | $29.2m | $17.8m | $17.3m |
| Earnings per share | $2.81 | $2.07 | $1.60 | $0.99 | $0.90 | — | — |
| Diluted earnings per share | $2.75 | $1.91 | $1.52 | $0.94 | $0.86 | — | — |
| Depreciation and amortisation | $0.5m | $0.8m | $0.8m | $0.8m | $1.1m | $1.2m | $1.4m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Total assets | $7,382m | $5,527m | $4,405m | $3,749m | $2,812m | $2,103m | $2,215m |
| Property, plant and equipment | $1.4m | $1.7m | $2.8m | $3.4m | $3.8m | $4.1m | $4.7m |
| Goodwill | $6.8m | $6.8m | $6.8m | $6.8m | $6.8m | — | — |
| Cash | $92.1m | $49.9m | $40.6m | $45.2m | $36.0m | $13.3m | $21.5m |
| Total liabilities | $6,706m | $5,007m | $3,968m | $3,368m | $2,468m | $1,793m | $2,062m |
| Equity | $672.5m | $516.9m | $433.4m | $376.8m | $341.1m | $219.6m | $152.8m |
| Equity including minorities | $675.7m | $520.2m | $436.9m | $380.5m | $344.5m | $219.6m | $152.8m |
| Minority interests | $3.2m | $3.3m | $3.4m | $3.7m | $3.4m | $0.0m | $0.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.2m | $37.8m | $48.8m | $48.7m | $57.6m | $54.9m | −$105.3m |
| Investing cash flow | −$1,522m | −$1,045m | −$584.7m | −$908.2m | −$656.5m | $87.7m | −$305.9m |
| Financing cash flow | $1,682m | $1,016m | $535.8m | $874.0m | $626.2m | −$149.9m | $422.1m |
| Capital expenditure | −$0.3m | −$0.3m | −$0.2m | −$0.3m | −$0.1m | −$0.7m | −$0.9m |
Where each figure comes from
From the annual report (Form 10-K) that Velocity Financial files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Velocity Financial page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.