Saturday 17 October 2026 Export VEL’s income statement to Excel — free account

Velocity Financial, Inc.

In the quarter to June 2026, EPS fell 7.25%, free cash flow fell 3.27% and total debt rose 25.3%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

14.71 0.10 −0.68%

Follow VEL

Alert me

Market cap: $584.7M
P/E: 5.3×
Fwd P/E: 12.1×
Dividend yield: —
F-score: n/a
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.28

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	4	2	2	2	2	1	1	4	5	2	—

Insider Ownership 36.82%

Capital & Financial Ratios $m

Market Cap 584.72

Revenue 313.78

Net Income 108.20

Free Cash Flow 90.21

Net Debt (818.42)

Current Ratio 42.53

Debt/Equity 9.29

P/E ratio 5.33

Fwd P/E 12.10

P/S ratio 1.82

P/B ratio 0.79

Past 5Y EPS Growth —

This Y EPS Growth (3.55%)

Next Y EPS Growth 8.08%

Next Y revenue growth (49.89%)

Next 5Y EPS Growth 5.32%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 16.20%

10-year low 10-year high

P/S against its own 10 years 60.76%

10-year low 10-year high

P/B against its own 10 years 20.81%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4,214	5,258	7,007	7,559
Receivables	94	125	153	158
Inventory	—	—	—	—
Other	71	103	168	195
	4,379	5,486	7,328	7,912

	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%

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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.57	0.64	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	2.24	6.12	8.15	7.81	13.78	16.12	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	14.90	14.00	13.82	18.05	20.85	21.04
People
People	Employees	—	—	259	262	175	215	194	253	309	371
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	79	—	—	—	—	—	—	—	—	—
	Gross margin, %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
	EBT	7	14	19	25	23	40	45	71	96	146
	EBT margin, %	8.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Net income	7	14	8	17	18	29	33	52	68	105
	Depreciation	—	8	9	13	19	23	30	21	14	12
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
	Earnings	0.34	0.70	0.38	0.91	(1.55)	0.90	0.99	1.60	2.07	2.81
	Cash flow	1.48	1.87	(3.61)	(5.24)	2.73	2.53	1.53	1.52	1.16	0.49
	Capex	0.00	(0.03)	0.22	0.17	0.29	0.41	0.69	0.67	0.88	1.47
	Free cash flow	1.48	1.85	(3.39)	(5.07)	3.03	2.93	2.22	2.19	2.03	1.96
	Book value	7.37	0.00	8.13	7.61	10.93	15.10	11.92	13.57	15.93	18.34
	Shares, m	20	20	20	20	20	23	32	32	33	37
Valuation, ×
Valuation, ×	P/E	0.03	0.05	51.96	51.96	0.00	15.05	9.50	—	—	—
	P/S	0.00	0.00	0.00	0.00	0.72	1.65	1.19	—	—	—
	P/B	1.04	1.04	1.04	1.04	0.57	0.91	0.80	—	—	—
	EV/Sales	0.00	0.00	0.00	0.00	(0.65)	0.60	(0.11)	—	—	—
	EV/FCF	0.00	0.00	(2.63)	(2.63)	(1.86)	1.70	(0.41)	—	—	—
Cash, $m
Cash, $m	Operating cash flow	30	38	(72)	(105)	55	58	49	49	38	18
	Capex	(3)	(1)	4	3	6	9	22	22	29	54
	Free cash flow	30	37	(68)	(102)	61	67	71	70	66	72
Balance, $m
Balance, $m	Working capital	—	—	1,698	2,133	2,022	2,679	3,620	4,257	5,338	7,160
	Total debt	972	1,194	1,329	1,584	1,654	2,075	2,946	3,507	4,511	6,229
	Net debt	920	1,178	(258)	(310)	(316)	(502)	(664)	(706)	(747)	(778)
	Shareholders’ equity	148	—	163	153	220	344	381	437	520	676
Returns, %
Returns, %	ROA	0.54	2.47	0.53	0.88	(1.44)	0.84	0.97	1.26	1.36	1.61
	ROIC	0.00	(1.20)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	5.31	10.93	5.70	11.94	(16.74)	7.32	8.75	12.61	14.12	17.34

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2016 · latest quarter Dec 2019

Charts ten years each

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.	$3.2B	8.0×	7.8×	+11.75% (above 0%: growing)	−84.09% (below 0%: shrinking)	+1,600.30% (above 0%: growing)	72.56%	12.19%	Compare
UWMC UWM Holdings Corporation	$1.9B	— (loss-making)	5.8×	−81.06% (below 0%: shrinking)	n/m	+64.57% (above 0%: growing)	24.81%	(192.94%)	Compare
WD Walker & Dunlop, Inc.	$1.1B	29.1×	14.3×	−3.93% (below 0%: shrinking)	−91.00% (below 0%: shrinking)	+584.98% (above 0%: growing)	46.88%	5.65%	Compare
VEL Velocity Financial, Inc.	$584.7M	5.3×	12.1×	+34.05% (above 0%: growing)	−7.25% (below 0%: shrinking)	−3.27% (below 0%: shrinking)	0.00%	0.00%
ONIT Onity Group Inc.	$222.8M	1.5×	6.2×	+14.72% (above 0%: growing)	n/m	−9.61% (below 0%: shrinking)	100.00%	25.95%	Compare
BETR Better Home & Finance Holding Company	$204.6M	— (loss-making)	— (loss-making)	+25.81% (above 0%: growing)	n/m	+136.12% (above 0%: growing)	89.80%	0.00%	Compare
LDI loanDepot, Inc.	$191.7M	— (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	$115.2M	— (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.	$74.4M	19.6×	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	$213.7M	13.8×	7.0×	+13.24%	−84.09%	+145.84%	80.17%	8.05%

All 14 Mortgage Finance stocks →

Velocity Financial, Inc. (VEL) key facts

Velocity Financial, Inc. (VEL) is a Mortgage Finance company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, VEL traded at $14.71, a market capitalization of $584.7 million.
Return on equity was 17.3% and debt-to-equity 9.29.

Source: company filings (standardised) and stockrow calculations.