Velocity Financial Llc

VEL · NYSE · Financial Services / Mortgage Finance

15.98USD-0.13 (-0.81%)

Price History

Full chart

Market Stats

Previous Close16.11

Open16.09

Day Range15.69 – 16.12

52-Week Range15.09 – 21.40

Volume213.12K

Market Cap600.12M

P/E (TTM)5.57

Forward P/E0.00

EPS2.73

Dividend Yield0.00%

Beta0.70

50-Day Avg17.53

200-Day Avg18.32

About

Velocity Financial, Inc. operates as a real estate finance company in the United States. The company originates, securitizes, and manages a portfolio of loans, which are secured by real estate, including investor loans unit residential rental properties; residential rental properties office; and loans for multi-family, mixed use, and commercial properties. The company also provides warehouse and other properties. It offers its products through a network of independent mortgage brokers and direct borrower relationships. The company was founded in 2004 and is headquartered in Westlake Village, California

Company Details

SectorFinancial Services
IndustryMortgage Finance
CEOMr. Christopher D. Farrar
Employees364
Headquarters2945 Townsgate Road, Westlake Village, CA, United States, 91361, USA
Websitehttps://www.velfinance.com

Leadership

Mr. Christopher D. FarrarCo-Founder, CEO, President & Director · b. 1967
Mr. Mark R. SzczepaniakChief Financial Officer · b. 1958
Mr. Jeffrey T. TaylorExecutive Vice President of Capital Markets · b. 1969
Mr. Joseph A. CowellChief Operating Officer · b. 1980
Ms. Fiona TamChief Accounting Officer · b. 1971
Mr. Dean ThevaosChief Technology Officer
Mr. Christopher J. OltmannCorporate Treasurer & Director of Investor Relations · b. 1966
Mr. Roland Thomas Kelly J.D.Chief Legal Officer, General Counsel & Corporate Secretary · b. 1971

Financials

Income Statement

Currency: USD	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	26.49M	56.50M	75.47M	94.93M	121.52M	152.78M	165.84M	181.31M	248.38M	131.72M	482.78M	714.45M
Growth (%)	-	+113.26%	+33.58%	+25.78%	+28.01%	+25.73%	+8.55%	+9.33%	+36.99%	-46.97%	+266.52%	+47.99%
Cost of Revenue	1.79M	3.14M	52.28M	61.71M	76.12M	99.66M	104.94M	105.70M	158.35M	32.85M	272.21M	33.41M
Gross Profit	24.70M	53.36M	23.19M	33.22M	45.40M	53.12M	60.90M	75.61M	90.03M	131.72M	210.56M	681.04M
Gross Margin	93.23%	94.44%	30.73%	34.99%	37.36%	34.77%	36.72%	41.70%	36.25%	100.00%	43.62%	95.32%
Operating Expense	7.45M	10.62M	16.39M	19.23M	26.15M	27.73M	37.77M	35.81M	45.48M	54.87M	114.17M	169.75M
Operating Income	17.25M	42.74M	6.80M	13.99M	19.25M	25.40M	23.13M	39.79M	44.55M	76.85M	96.39M	511.29M
Operating Margin	65.12%	75.65%	9.01%	14.74%	15.84%	16.62%	13.95%	21.95%	17.94%	58.34%	19.97%	71.56%
EBITDA	17.25M	42.74M	7.31M	15.18M	20.68M	27.87M	25.57M	42.20M	46.67M	279.02M	98.39M	511.29M
EBITDA Margin	65.12%	75.65%	9.69%	15.99%	17.02%	18.24%	15.42%	23.28%	18.79%	211.83%	20.38%	71.56%
Net Income	-6.30M	7.15M	6.80M	13.99M	7.63M	17.29M	17.78M	29.22M	32.21M	52.27M	68.42M	105.05M
Net Income Margin	-23.79%	12.66%	9.01%	14.74%	6.28%	11.32%	10.72%	16.12%	12.97%	39.69%	14.17%	14.70%
R&D	-	-	0.09	0.14	0.15	0.16	0.13	0.21	0.18	0.21	-	-
R&D as % of Total Revenue	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	0	34.88M	50.83M	61.29M	75.92M	98.52M	99.88M	106.00M	157.19M	203.02M	247.22M	365.05M
Interest Expense % of Total Revenue	0.00%	61.73%	67.34%	64.56%	62.47%	64.48%	60.22%	58.46%	63.29%	154.14%	51.21%	51.10%

Balance Sheet

Currency: USD	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	448.53M	912.65M	1.13B	1.37B	1.74B	2.21B	2.10B	2.81B	3.75B	4.40B	5.53B	7.38B
Total Liabilities	369.25M	826.22M	984.75M	1.24B	1.60B	2.06B	1.88B	2.47B	3.37B	3.97B	5.01B	6.71B
Total Equity	79.28M	86.43M	1.13B	130.94M	139.72M	152.84M	219.59M	344.49M	380.50M	433.44M	516.94M	672.53M
Cash	5.64M	12.29M	49.98M	15.92M	15.95M	22.55M	13.27M	36.13M	45.25M	40.76M	50.11M	92.10M
Total Debt	365.55M	817.65M	1.05B	1.28B	1.76B	2.43B	1.81B	2.68B	3.61B	3.84B	4.86B	6.54B
Net Debt	359.91M	805.37M	995.68M	1.18B	1.53B	1.98B	1.72B	2.34B	3.23B	3.80B	4.81B	6.45B

Cash Flow

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	29.77M	37.64M	-72.48M	-105.34M	54.89M	57.62M	48.67M	61.05M	37.76M	18.16M
Investing Cash Flow	-181.09M	-274.78M	-270.20M	-305.93M	87.74M	-656.48M	-908.24M	-596.95M	-1.05B	-1.52B
Financing Cash Flow	190.78M	201.12M	343.63M	422.14M	-149.89M	626.17M	874.02M	535.77M	1.02B	1.68B
Capital Expenditure	2.92M	3.08M	1.70M	2.00M	1.57M	135.00K	326.00K	180.00K	289.00K	281.00K
Free Cash Flow	26.85M	34.56M	-74.19M	-107.34M	53.32M	57.29M	48.35M	60.87M	37.47M	17.88M
Dividends Paid	-	-	-	-	-	-	-	1.07B	-	-
FCF to OCF	90.20%	91.81%	102.35%	101.90%	97.14%	99.43%	99.33%	99.71%	99.23%	98.45%
Dividend Paid to FCF	-	-	-	-	-	-	-	1756.43%	-	-

Earnings

Report Date	Oct 18, 2019	Jan 17, 2020	May 13, 2020	Aug 12, 2020	Nov 11, 2020	Mar 16, 2021	May 6, 2021	Aug 5, 2021	Nov 3, 2021	Mar 10, 2022	May 5, 2022	Aug 5, 2022	Nov 3, 2022	Mar 9, 2023	May 4, 2023	Aug 3, 2023	Nov 2, 2023	Mar 7, 2024	May 2, 2024	Aug 1, 2024	Nov 7, 2024	Mar 5, 2025	May 1, 2025	Aug 7, 2025	Nov 6, 2025	Mar 5, 2026	May 6, 2026	Aug 5, 2026	Nov 5, 2026
EPS Estimate	0.33	0.49	0.22	0.18	0.15	0.13	0.20	0.17	0.20	0.23	0.26	0.29	0.30	0.29	0.29	0.33	0.35	0.38	0.39	0.42	0.46	0.48	0.57	0.53	0.56	0.67	0.64	0.65	0.71
EPS Actual	0.19	0.10	0.29	0.17	0.12	0.29	0.20	0.25	0.23	0.29	0.36	0.31	0.29	0.27	0.33	0.38	0.37	0.46	0.51	0.45	0.44	0.60	0.55	0.73	0.65	0.93	0.68	0.64	-
Surprise	-42.42%	-79.59%	31.82%	-5.56%	-20.00%	123.08%	0.00%	47.06%	15.00%	26.09%	38.46%	6.90%	-3.33%	-6.90%	13.79%	15.15%	5.71%	21.05%	30.77%	7.14%	-4.35%	24.35%	-3.51%	37.74%	16.07%	38.81%	6.25%	-1.54%	-
Timing	-	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap600.12M

Enterprise Value7.58B

Trailing P/E5.57

Forward P/E0.00

Price / Sales2.11

Price / Book0.87

EPS2.73

Book Value18.36

Revenue (TTM)284.11M

Gross Profit (TTM)214.99M

Profit Margin37.91%

Operating Margin52.09%

Return on Equity16.32%

Return on Assets1.50%

Shares Outstanding39.48M

Shares Float5.25M

Beta0.70

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Hold

Based on 3 analystsTarget 21.50

Strong Buy
1
Buy
1
Strong Sell
1

Ownership Breakdown

Institutions: 99.20%
Insiders: 2.97%
Retail / Other: 0.00%

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Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
361.99K0.92%
Avantis US Small Cap Value ETF
356.52K0.90%
iShares Russell 2000 ETF
317.21K0.80%
BlackRock Advantage Small Cap Core Instl
232.00K0.59%
BSF Systematic US Eq Abs Ret A2 USD
145.01K0.37%
iShares Russell 2000 Value ETF
127.42K0.32%
Fidelity Small Cap Index
125.38K0.32%