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

Velocity Financial, Inc.

VEL Financial Mortgage Finance

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%
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%) (below 0%: weak)
Next Y EPS Growth 8.08%
Next Y revenue growth (49.89%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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. $3.2B 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.

Velocity Financial, Inc. (VEL) Latest News

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stockrow.com/VEL · Data as of Dec 31, 2019 · For information only; not investment advice. · © 2026 stockrow.com