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Velocity Financial, Inc.

VEL Financial Mortgage Finance

EPS
+3.03%
Free cash flow
−152.8%
Total debt
+25.3%

Quarter to September 2026, against a year earlier

17.63 0.18 +1.03%
Market cap
$689.0M
P/E
6.3×
Fwd P/E
12.1×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.23
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 3 2 2 2 2 1 1 4 5 2 — —
Insider Ownership 36.94%

Capital & Financial Ratios $m

Size
Market Cap 688.95
Revenue ttm 313.78
Net income ttm 110.01
Free cash flow ttm (0.89)
Net debt Q (818.42)
Valuation
P/E 6.32
Forward P/E 12.10
Price / sales 2.17
Forward P/S Powerpack
Price / FCF 10.24
Price / book 0.90
Financial health
Current ratio Q 0.00
Debt / equity Q 0.00
Interest coverage Q (0.13)
Growth
Revenue growth Q +34.05% (above 0%: growing)
Operating income growth Q −11.16% (below 0%: shrinking)
EPS, this year −0.57% (below 0%: weak)
EPS, next year A +6.57%
Revenue, next year A −49.89% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +5.32%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 20.74%
10-year low 10-year high
P/S against its own 10 years 86.11%
10-year low 10-year high
P/B against its own 10 years 34.60%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4,214 5,258 7,007 —
Receivables 94 125 153 141
Inventory — — — —
Other 71 103 168 210
4,379 5,486 7,328 —
2023 2024 2025 Q'26
Payables 122 148 168 186
ST’ Debt — — — —
Other — — — —
122 148 168 186

Compound Annual Growth %

10y 5y 3y
Sales — 20.68% 17.48%
Cash Flow — (19.85%) (28.01%)
Earnings — 0.00% 48.42%
Book Value — 25.21% 21.10%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY24 Estimate 0.47 Actual 0.60

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY24 0.40 0.51 Beat by 0.11
Q2 FY24 0.43 0.45 Beat by 0.02
Q3 FY24 0.47 0.47 Met by 0.00
Q4 FY24 0.47 0.60 Beat by 0.13

EPS $

Mar Jun Sep Dec Year
’26 0.57 0.64 0.67 — —
’25 0.51 0.69 0.65 0.89 2.75
’24 0.49 0.42 0.44 0.57 1.91
’23 0.31 0.36 0.35 0.50 1.52
’22 0.09 0.31 0.29 0.25 0.94
’21 0.10 0.28 0.23 0.24 0.86
’20 0.13 (2.33) 0.11 0.54 (1.55)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — 18 —
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 12 4 (12) — —
’25 4 8 11 (4) 18
’24 11 11 (18) 33 38
’23 (12) 44 (10) 26 49
’22 12 1 (4) 40 49
’21 10 10 19 18 58
’20 1 22 14 18 55
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 30 21 (12) — —
’25 11 22 23 15 72
’24 17 18 (15) 46 66
’23 (10) 52 0 29 70
’22 16 6 5 44 71
’21 13 12 22 20 67
’20 2 24 16 19 61
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 79 — — — — — — — — — 314 — 191 214 277 +20.4%
Gross margin, % 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — — — 0.00 0.0 pt
EBT 7 14 19 25 23 40 45 71 96 146 154 +40.6%
EBT margin, % 8.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (8.6) pt
Net income 7 14 8 17 18 29 33 52 68 105 110 +35.5%
Per share, $
Per share, $ Revenue 3.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Earnings 0.34 0.70 0.38 0.91 (1.55) 0.90 0.99 1.60 2.07 2.81 2.78 +26.4%
Cash flow 1.48 1.87 (3.61) (5.24) 2.73 2.53 1.53 1.52 1.16 0.49 (0.02) (11.5%)
Capex 0.00 (0.03) 0.22 0.17 0.29 0.41 0.69 0.67 0.88 1.47 0.00 n/m
Free cash flow 1.48 1.85 (3.39) (5.07) 3.03 2.93 2.22 2.19 2.03 1.96 (0.02) +3.1%
Book value 7.37 0.00 8.13 7.61 10.93 15.10 11.92 13.57 15.93 18.34 19.53 +10.7%
Shares, m 20 20 20 20 20 23 32 32 33 37 38 +7.0%
Valuation, ×
Valuation, × P/E 0.03 0.05 51.96 51.96 0.00 15.05 9.50 — — — 6.32 18.4
P/S 0.00 0.00 0.00 0.00 0.72 1.65 1.19 — — — 2.17 0.5
P/B 1.04 1.04 1.04 1.04 0.57 0.91 0.80 — — — 0.90 0.9
EV/Sales 0.00 0.00 0.00 0.00 (0.65) 0.60 (0.11) — — — — 0.0
EV/FCF 0.00 0.00 (2.63) (2.63) (1.86) 1.70 (0.41) — — — — (0.8)
Cash, $m
Cash, $m Operating cash flow 30 38 (72) (105) 55 58 49 49 38 18 (1) (5.3%)
Capex (3) (1) 4 3 6 9 22 22 29 54 67 n/m
Free cash flow 30 37 (68) (102) 61 67 71 70 66 72 (1) +10.3%
Balance, $m
Balance, $m Working capital — — 1,698 2,133 2,022 2,679 3,620 4,257 5,338 7,160 (186) +22.8%
Net debt 920 1,178 (258) (310) (316) (502) (664) (706) (747) (778) (818) n/m
Shareholders’ equity 148 — 163 153 220 344 381 437 520 676 758 +18.4%
Returns, %
Returns, % ROA 0.54 2.47 0.53 0.88 (1.44) 0.84 0.97 1.26 1.36 1.61 0.00 +1.1 pt
ROIC 0.00 (1.20) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (3.59) 0.0 pt
ROE 5.31 10.93 5.70 11.94 (16.74) 7.32 8.75 12.61 14.12 17.34 0.00 +12.0 pt
People
People Employees — — 259 262 175 215 194 253 309 371 — +5.3%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2016 · latest quarter Dec 2019 · fundamentals updated 6 Nov 2026

Velocity Financial, Inc. vs peers in Mortgage Finance (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PFSI PennyMac Financial Services, Inc. $3.5B 14.2× 15.8× −25.93% (below 0%: shrinking) −84.29% (below 0%: shrinking) +218.40% (above 0%: growing) 76.86% 14.29% Compare
UWMC UWM Holdings Corporation $2.6B — (loss-making) — (loss-making) −81.06% (below 0%: shrinking) n/m +64.57% (above 0%: growing) 24.81% (192.94%) Compare
WD Walker & Dunlop, Inc. $1.4B — (loss-making) 35.2× −11.62% (below 0%: shrinking) n/m +175.64% (above 0%: growing) 44.82% (10.67%) Compare
VEL Velocity Financial, Inc. $689.0M 6.3× 12.1× +34.05% (above 0%: growing) +3.03% (above 0%: growing) −152.77% (below 0%: shrinking) 0.00% 0.00%
BETR Better Home & Finance Holding Company $360.6M — (loss-making) — (loss-making) +25.81% (above 0%: growing) n/m +136.12% (above 0%: growing) 89.80% 0.00% Compare
ONIT Onity Group Inc. $269.2M 2.0× 13.2× −0.78% (below 0%: shrinking) −80.82% (below 0%: shrinking) +306.19% (above 0%: growing) 100.00% 0.00% Compare
LDI loanDepot, Inc. $211.5M — (loss-making) — (loss-making) +19.39% (above 0%: growing) n/m +589.11% (above 0%: growing) 87.77% 10.45% Compare
GHI Greystone Housing Impact Investors LP $103.1M — (loss-making) 3.2× −7.10% (below 0%: shrinking) n/m −92.85% (below 0%: shrinking) 93.66% 60.90% Compare
IOR Income Opportunity Realty Investors, Inc. $72.7M 20.1× 13.8× +534.29% (above 0%: growing) −29.17% (below 0%: shrinking) +155.56% (above 0%: growing) 0.00% 0.00% Compare
Median of peers $314.9M 14.2× 13.8× −3.94% −80.82% +165.60% 82.32% 0.00%

All 13 Mortgage Finance stocks →

Pay and ownership Proxy statement filed 10 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.56m 7.02m 215.13
2024 5.37m 6.19m 202.69
2023 3.90m 6.24m 178.45

Ownership

Directors and executive officers, together 4.70%
Snow Phipps Group 34.00%
Pacific Investment Management Company 32.20%
Beach Point Capital Management 17.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Velocity Financial, Inc. (VEL) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com

4 Nov

Impact 3 · · Business Wire

1 Sep

Impact 4 · · credaily.com

27 Aug

Impact 4 ·

12 Aug

Impact 3 · · The Motley Fool transcript

6 Aug

Impact 4 ·

5 Aug

Impact 3 ·

3 Jul

Impact 3 ·

7 May

Impact 3 · · Moby

6 May

Impact 4 · · Business Wire

11 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
Impact 4 · · Associated Press Finance
Impact 4 · · Business Wire

30 Jan

Impact 3 · · Business Wire

28 Jan

Impact 3 · · Business Wire

26 Jan

Impact 4 · · Business WireGuruFocus.comGuruFocus.com
Impact 3 · · Business Wire

7 Jan

Impact 3 · · Simply Wall St.

2 Jan

Impact 4 · · Investor's Business Daily

16 Dec

Impact 4 · · Business Wire

26 Nov

Impact 4 · · Simply Wall St.

7 Nov

Impact 4 · · GuruFocus.com

6 Nov

Impact 4 · · Associated Press FinanceGuruFocus.comAssociated Press FinanceAssociated Press FinanceMT NewswiresAssociated Press FinanceAssociated Press FinanceMT Newswires
Impact 4 · · Business Wire

13 Aug

Impact 4 · · Business Wire

8 Aug

Impact 4 ·

7 Aug

Impact 4 · · Associated Press Finance
Impact 4 ·
stockrow.com/VEL · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com