Velocity Financial, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Pretax income | $146.2M | $96.4M | $71.1M | $44.6M | $39.8M |
| Income tax expense | $41.3M | $27.9M | $18.8M | $12.0M | $10.6M |
| Net income | $105.1M | $68.4M | $52.3M | $32.2M | $29.2M |
| Balance Sheet | |||||
| Cash and equivalents | $92.1M | $49.9M | $40.6M | $45.2M | $36.0M |
| Total assets | $7.4B | $5.5B | $4.4B | $3.7B | $2.8B |
| Total liabilities | $6.7B | $5.0B | $4.0B | $3.4B | $2.5B |
| Total debt | $310.4M | $350.0M | $336.4M | $331.7M | $302.8M |
| Stockholders' equity | $672.5M | $516.9M | $433.4M | $376.8M | $341.1M |
| Cash Flow Statement | |||||
| Cash from operations | $18.2M | $37.8M | $48.8M | $48.7M | $57.6M |
| Depreciation and amortization | $516,000 | $793,000 | $752,000 | $796,000 | $1.1M |
| Stock-based compensation | $8.3M | $6.2M | $4.1M | $3.3M | $2.2M |
| Capital expenditure | $281,000 | $289,000 | $180,000 | $326,000 | $135,000 |
| Free cash flow | $17.9M | $37.5M | $48.7M | $48.3M | $57.5M |
| Share repurchases | $7.3M | $1.6M | $861,000 | $458,000 | — |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 39.3M · Free float 60.6%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.