Company research
Velocity Financial, Inc.
CIK 1692376Updated Sep 24, 2026
SecurityVEL · NYSE · equity
Name history
Velocity Financial, LLC · through Jan 17, 2020
VEL price & chart
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NYSE:VEL on TradingView ↗About the company
Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages business-purpose loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers built and refined over 22 years.
In the news
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Recent filings
144 filing
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
4 filing
144 filing
144 filing
Show 5 more recent filings
144 filing
4 filing
10-Q filing
Regulation FD Disclosure
Items 7.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 7,381,513,000Source | 5,527,408,000Source | 4,404,573,000Source | 3,748,975,000Source |
| Property, Plant and Equipment, NetUSD | 1,415,000Source | 1,650,000Source | 2,785,000Source | 3,356,000Source |
| GoodwillUSD | 6,775,000Source | 6,775,000Source | 6,775,000Source | 6,775,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 92,103,000Source | 49,901,000Source | 40,566,000Source | 45,248,000Source |
| Operating Lease, Right-of-Use AssetUSD | 2,825,000Source | 2,501,000Source | 2,544,000Source | 2,424,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,705,825,000Source | 5,007,193,000Source | 3,967,700,000Source | 3,368,475,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 398,000Source | 339,000Source | 331,000Source | 326,000Source |
| Additional Paid in CapitalUSD | 382,564,000Source | 322,954,000Source | 306,736,000Source | 300,310,000Source |
| Retained Earnings (Accumulated Deficit)USD | 302,379,000Source | 197,325,000Source | 128,906,000Source | 76,633,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -2,602,000Source | -805,000Source | -1,210,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 672,535,000Source | 516,944,000Source | 433,444,000Source | 376,811,000Source |
| Liabilities and EquityUSD | 7,381,513,000Source | 5,527,408,000Source | 4,404,573,000Source | 3,748,975,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 3,153,000Source | 3,271,000Source | 3,429,000Source | 3,689,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 104,983,000Source | 68,466,000Source | 52,293,000Source | 32,519,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 516,000Source | 793,000Source | 752,000Source | 796,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 8,284,000Source | 6,155,000Source | 4,128,000Source | 3,343,000Source |
| Deferred Income Tax Expense (Benefit)USD | -8,134,000Source | -11,431,000Source | 2,694,000Source | 11,571,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 18,161,000Source | 37,755,000Source | 48,835,000Source | 48,674,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,521,782,000Source | -1,045,082,000Source | -584,732,000Source | -908,238,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 281,000Source | 289,000Source | 180,000Source | 326,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | 1,550,000Source | — | — |
| Payments for Repurchase of Common StockUSD | 7,335,000Source | — | 861,000Source | 458,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,682,028,000Source | 1,016,230,000Source | 535,768,000Source | 874,016,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 178,407,000Source | 8,903,000Source | -129,000Source | 14,452,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 344,882,000Source | 251,259,000Source | 180,364,000Source | 118,711,000Source |
| Income Taxes Paid, NetUSD | 50,736,000Source | 41,549,000Source | 7,648,000Source | 23,039,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 8,284,000Source | 6,155,000Source | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 10,128,000Source | 12,244,000Source | 18,624,000Source | 28,294,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 2,898,000Source | -1,066,000Source | — | — |
| Gain (Loss) on Sale of Mortgage LoansUSD | — | 1,236,000Source | 826,000Source | 3,699,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | -3,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | — | 9,940,000Source | 8,238,000Source | 7,107,000Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | 1,445,000Source | 4,275,000Source | 568,000Source | 2,939,000Source |
| GoodwillUSD | 6,775,000Source | 6,775,000Source | 6,775,000Source | 6,775,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 41,257,000Source | 27,925,000Source | 18,834,000Source | 12,033,000Source |
| Net Income (Loss) Attributable to ParentUSD | 105,054,000Source | 68,419,000Source | 52,273,000Source | 32,211,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 105,054,000Source | 68,419,000Source | — | 32,211,000Source |
| Operating Lease, ExpenseUSD | 1,100,000Source | 1,900,000Source | 1,900,000Source | 1,700,000Source |
| Other Operating Income (Expense), NetUSD | 163,619,000Source | 101,398,000Source | 65,910,000Source | 22,225,000Source |
| Proceeds from Issuance of Common StockUSD | 40,969,000Source | 10,145,000Source | 2,305,000Source | 607,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 5,805,000Source | 1,173,000Source | 1,915,000Source | 1,152,000Source |
| Stock or Unit Option Plan ExpenseUSD | — | — | 3,900,000Source | 3,100,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 146,240,000Source | 96,391,000Source | 71,127,000Source | 44,552,000Source |
| Income Tax Expense (Benefit)USD | 41,257,000Source | 27,925,000Source | 18,834,000Source | 12,033,000Source |
| Net Income (Loss) Attributable to ParentUSD | 105,054,000Source | 68,419,000Source | 52,273,000Source | 32,211,000Source |
| Earnings Per Share, BasicUSD per share | 2.81Source | 2.07Source | 1.6Source | 0.99Source |
| Earnings Per Share, DilutedUSD per share | 2.75Source | 1.91Source | 1.52Source | 0.94Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 36,850,000Source | 32,653,000Source | 32,206,000Source | 31,913,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 38,178,000Source | 35,760,000Source | 34,484,000Source | 34,131,000Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 49,391,000Source | 39,356,000Source | 16,140,000Source | 462,000Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | 1,445,000Source | 4,275,000Source | 568,000Source | 2,939,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Interest Expense, DebtUSD | 365,048,000Source | 271,039,000Source | 203,024,000Source | 157,195,000Source |
| Interest Income (Expense), NetUSD | 185,781,000Source | 135,804,000Source | 107,751,000Source | 83,148,000Source |
| Marketing and Advertising ExpenseUSD | 1,429,000Source | 1,237,000Source | 872,000Source | 1,421,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 105,054,000Source | 68,419,000Source | — | 32,211,000Source |
| Operating Lease, ExpenseUSD | 1,100,000Source | 1,900,000Source | 1,900,000Source | 1,700,000Source |
| Other Cost and Expense, OperatingUSD | 10,850,000Source | 9,613,000Source | 8,524,000Source | 11,056,000Source |
| Other Operating Income (Expense), NetUSD | 163,619,000Source | 101,398,000Source | 65,910,000Source | 22,225,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 1,348,000Source | 834,000Source | 753,000Source | 491,000Source |
Filing attachments
d277042dex991.htm · 8-K · 2026-08-27
EX-99.1 4 d277042dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite Westlake Village, CA - August 27, 2026 - Velocity Financial, Inc. (NYSE: VEL; “Velocity” or the “Company”) today announced a definit…
Read attachment ↗d277042dex992.htm · 8-K · 2026-08-27
EX-99.2 5 d277042dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Toorak Capital Transaction Overview August 2026 33 40 89 Forward-Looking Statements This presentation contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act, as amended and Section 21E of the Exchange Act, 240 as amended, including, but not limited to, statements that relate to the anticipated benefits of the transaction and the expected synergies from the transaction. Forward- 133 looki…
Read attachment ↗vel-ex99_1.htm · 8-K · 2026-08-05
EX-99.1 2 vel-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Velocity Financial, Inc. Reports Second Quarter 2026 Results Second Quarter Highlights Financial Results • Pretax income of $35.2 million, an increase of 3.9% from $33.9 million for 2Q25. Net income of $25.2 million, a decrease of 3.2% from $26.0 million for 2Q25, mainly due to an increase in the effective tax rate in 2026. Diluted EPS of $0.64, a decrease of $0.05 from $0.69 per share for 2Q25 • Core net income of $27.9 million, an…
Read attachment ↗d77573dex41.htm · 8-K · 2026-01-30
EX-4.1 2 d77573dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 INDENTURE Dated as of January 30, 2026 Among VELOCITY COMMERCIAL CAPITAL, LLC, as the Issuer THE GUARANTOR NAMED ON THE SIGNATURE PAGES HERETO and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as the Trustee 9.375% SENIOR NOTES DUE 2031 TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE SE…
Read attachment ↗d77573dex991.htm · 8-K · 2026-01-30
EX-99.1 3 d77573dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Velocity Financial, Inc. Announces Closing of Offering of $500 Million of Senior Notes Due 2031 Westlake Village, CA - January 30, 2026 - Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”), a leader in investor real estate loans, today announced the closing of Velocity Commercial Capital, LLC’s, a wholly-owned subsidiary of Velocity (the “Issuer”), previously announced offering of $500 million aggregate principal amo…
Read attachment ↗d79654dex991.htm · 8-K · 2026-01-29
EX-99.1 3 d79654dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Velocity Financial, Inc. Announces Pricing of $500 Million of Senior Notes Due 2031 Westlake Village, CA - January 28, 2026 - Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”), a leader in investor real estate loans, today announced that Velocity Commercial Capital, LLC, a wholly-owned subsidiary of Velocity (the “Issuer”), priced $500 million aggregate principal amount of 9.375% Senior Notes due 2031 (the “Notes”) …
Read attachment ↗