$VEL Balance Sheet | Understand Stock

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$VEL

$17.90 +$0.77 (4.5%)

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Balance Sheet

Concept	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$87.05M 68.46% YoY	$92.10M 84.57% YoY	$98.96M 124.44% YoY	$79.56M 67.97% YoY	$51.68M 48.37% YoY	$49.90M 23.01% YoY	$44.09M 49.98% YoY	$47.37M 39.37% YoY	$34.83M -11.59% YoY	$40.57M -10.35% YoY	$29.40M 11.48% YoY	$33.99M -26.51% YoY	$39.40M 7.56% YoY	$45.25M 25.81% YoY	$26.37M -25.71% YoY	$46.25M 66.72% YoY	$36.63M 79.55% YoY	$35.97M 170.41% YoY	$35.50M 84.88% YoY
Cash & Equivalents	$87.05M 68.46% YoY	$92.10M 84.57% YoY	$98.96M 124.44% YoY	$79.56M 67.97% YoY	$51.68M 48.37% YoY	$49.90M 23.01% YoY	$44.09M 50.02% YoY	$47.37M 39.37% YoY	$34.83M -11.59% YoY	$40.57M -10.35% YoY	$29.39M 11.46% YoY	$33.99M -26.51% YoY	$39.40M 7.56% YoY	$45.25M 25.81% YoY	$26.37M -25.71% YoY	$46.25M 66.72% YoY	$36.63M 79.26% YoY	$35.97M 170.96% YoY	$35.50M 84.78% YoY
Short-Term Investments	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Short-Term Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Prepaid Expenses	N/A	$2.706M 26.15% YoY	N/A	N/A	N/A	$2.145M 5.87% YoY	N/A	N/A	N/A	$2.026M 9.93% YoY	N/A	N/A	N/A	$1.843M 13.21% YoY	N/A	N/A	N/A	$1.628M 29.1% YoY	N/A
Receivables	$51.26M 33.28% YoY	$49.68M 40.99% YoY	$46.55M 41.31% YoY	$42.11M 35.29% YoY	$38.46M 30.93% YoY	$35.24M 30.36% YoY	$32.94M 32.84% YoY	$31.12M 37.7% YoY	$29.37M 40.34% YoY	$27.03M 32.08% YoY	$24.80M 35.28% YoY	$22.60M 42.87% YoY	$20.93M 47.72% YoY	$20.46M 55.51% YoY	$18.33M 53.11% YoY	$15.82M 42.6% YoY	$14.17M 26.51% YoY	$13.16M 15.43% YoY	$11.97M -8.6% YoY
Other Receivables	$142.4M 18.61% YoY	$150.9M 22.19% YoY	$131.8M 40.65% YoY	$142.2M 72.7% YoY	$120.0M 37.13% YoY	$123.5M 45.16% YoY	$93.68M 33.56% YoY	$82.36M N/A	$87.52M N/A	$85.08M N/A	$70.14M N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A
Total Short-Term Assets	$138.3M 53.45% YoY	$141.8M 66.53% YoY	$145.5M 88.89% YoY	$121.7M 55.01% YoY	$90.14M 40.39% YoY	$85.14M 25.95% YoY	$77.04M 42.14% YoY	$78.49M 38.7% YoY	$64.20M 6.42% YoY	$67.59M 2.87% YoY	$54.20M 21.24% YoY	$56.59M -8.83% YoY	$60.33M 18.76% YoY	$65.71M 33.77% YoY	$44.71M -5.83% YoY	$62.07M 59.83% YoY	$50.80M 60.75% YoY	$49.12M 98.88% YoY	$47.47M 46.97% YoY
LONG-TERM ASSETS
Property, Plant & Equipment	$1.324M -16.83% YoY	$1.415M -14.24% YoY	$1.481M -12.52% YoY	$1.539M -19.51% YoY	$1.592M -20.91% YoY	$1.650M -40.75% YoY	$1.693M -40.82% YoY	$1.912M -36.75% YoY	$2.013M -37.27% YoY	$2.785M -17.01% YoY	$2.861M -18.14% YoY	$3.023M -16.77% YoY	$3.209M -13.04% YoY	$3.356M -12.38% YoY	$3.495M 4.39% YoY	$3.632M 0.19% YoY	$3.690M -5.17% YoY	$3.830M -7.6% YoY	$3.348M -23.91% YoY
Goodwill	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M 0.0% YoY	$6.775M N/A	$6.775M N/A	$6.775M N/A	$6.775M N/A	N/A
Intangibles	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	N/A	N/A	$18.00K N/A	N/A	N/A	$0.00 N/A	N/A	N/A	$1.967M N/A	N/A	$1.300M N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Assets	$43.46M 28.44% YoY	$179.8M 420.67% YoY	$35.47M -5.83% YoY	$30.12M -9.93% YoY	$33.84M 31.17% YoY	$34.54M 45.74% YoY	$37.67M 104.72% YoY	$33.44M 79.15% YoY	$25.80M 34.5% YoY	$23.70M 8.51% YoY	$18.40M -2.49% YoY	$18.66M -23.55% YoY	$19.18M -29.78% YoY	$21.84M -22.67% YoY	$18.87M -29.09% YoY	$24.41M 15.6% YoY	$27.31M 69.65% YoY	$28.24M 106.15% YoY	$26.61M 174.35% YoY
Total Long-Term Assets	$7.453B 26.72% YoY	$7.240B 33.03% YoY	$6.813B 32.93% YoY	$6.354B 32.52% YoY	$5.881B 28.86% YoY	$5.442B 25.49% YoY	$5.125B 26.15% YoY	$4.795B 23.12% YoY	$4.564B 20.84% YoY	$4.337B 17.75% YoY	$4.063B 12.78% YoY	$3.895B 19.08% YoY	$3.777B 23.47% YoY	$3.683B 33.29% YoY	$3.603B 49.51% YoY	$3.271B 46.75% YoY	$3.059B 43.39% YoY	$2.763B 32.97% YoY	$2.410B 15.04% YoY
TOTAL ASSETS
Total Short-Term Assets	$138.3M 53.45% YoY	$141.8M 66.53% YoY	$145.5M 88.89% YoY	$121.7M 55.01% YoY	$90.14M 40.39% YoY	$85.14M 25.95% YoY	$77.04M 42.14% YoY	$78.49M 38.7% YoY	$64.20M 6.42% YoY	$67.59M 2.87% YoY	$54.20M 21.24% YoY	$56.59M -8.83% YoY	$60.33M 18.76% YoY	$65.71M 33.77% YoY	$44.71M -5.83% YoY	$62.07M 59.83% YoY	$50.80M 60.75% YoY	$49.12M 98.88% YoY	$47.47M 46.97% YoY
Total Long-Term Assets	$7.453B	$7.240B	$6.813B	$6.354B	$5.881B	$5.442B	$5.125B	$4.795B	$4.564B	$4.337B	$4.063B	$3.895B	$3.777B	$3.683B	$3.603B	$3.271B	$3.059B	$2.763B	$2.410B
Total Assets	$7.591B 27.13% YoY	$7.382B 33.54% YoY	$6.959B 33.76% YoY	$6.476B 32.88% YoY	$5.972B 29.02% YoY	$5.527B 25.49% YoY	$5.202B 26.36% YoY	$4.873B 23.34% YoY	$4.628B 20.62% YoY	$4.405B 17.49% YoY	$4.117B 12.88% YoY	$3.951B 18.56% YoY	$3.837B 23.39% YoY	$3.749B 33.3% YoY	$3.647B 48.44% YoY	$3.333B 46.97% YoY	$3.110B 43.65% YoY	$2.812B 33.74% YoY	$2.457B 15.53% YoY
SHORT-TERM LIABILITIES
Accounts Payable	$173.1M 12.77% YoY	$168.3M 13.87% YoY	$170.6M 21.38% YoY	$164.9M 19.49% YoY	$153.5M 23.78% YoY	$147.8M 21.19% YoY	$140.5M 43.55% YoY	$138.0M 44.77% YoY	$124.0M 45.91% YoY	$122.0M 33.26% YoY	$97.90M 30.27% YoY	$95.34M 21.64% YoY	$84.98M -8.4% YoY	$91.53M -0.73% YoY	$75.15M -5.3% YoY	$78.38M 11.9% YoY	$92.77M 42.72% YoY	$92.20M 45.42% YoY	$79.36M 28.21% YoY
Accrued Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Deferred Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Short-Term Debt	$98.01M -82.81% YoY	$308.5M -11.37% YoY	$332.4M -23.42% YoY	$331.1M 39.43% YoY	$570.0M 58.25% YoY	$348.1M 3.98% YoY	$434.0M N/A	$237.4M N/A	$360.2M N/A	$334.8M N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A
Long-Term Debt Due	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Short-Term Liabilities	$271.1M -62.53% YoY	$476.8M -3.85% YoY	$503.0M -12.46% YoY	$496.0M 32.1% YoY	$723.5M 49.42% YoY	$495.9M 306.58% YoY	$574.6M 486.89% YoY	$375.5M 293.81% YoY	$484.2M 469.81% YoY	$122.0M 33.26% YoY	$97.90M 30.27% YoY	$95.34M 21.64% YoY	$84.98M -8.4% YoY	$91.53M -0.73% YoY	$75.15M -5.3% YoY	$78.38M 11.9% YoY	$92.77M 42.72% YoY	$92.20M 45.42% YoY	$79.36M 28.21% YoY
LONG-TERM LIABILITIES
Long-Term Debt	$6.624B 41.51% YoY	$6.229B 38.08% YoY	$5.818B 40.58% YoY	$5.378B 33.69% YoY	$4.681B 26.94% YoY	$4.511B 17.42% YoY	$4.139B 14.98% YoY	$4.023B 16.58% YoY	$3.688B 9.72% YoY	$3.842B 17.25% YoY	$3.599B 12.43% YoY	$3.451B 19.2% YoY	$3.361B 25.92% YoY	$3.277B 37.93% YoY	$3.201B 56.5% YoY	$2.895B 54.47% YoY	$2.669B 49.41% YoY	$2.376B 37.34% YoY	$2.046B 15.89% YoY
Other Long-Term Liabilities	N/A	N/A	N/A	$560.0K 49.73% YoY	$1.004M N/A	$0.00 -100.0% YoY	$1.486M N/A	$374.0K N/A	$0.00 N/A	$3.665M N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Long-Term Liabilities	$6.624B 41.48% YoY	$6.229B 38.08% YoY	$5.818B 40.53% YoY	$5.379B 33.7% YoY	$4.682B 26.96% YoY	$4.511B 17.31% YoY	$4.140B 15.03% YoY	$4.023B 16.59% YoY	$3.688B 9.72% YoY	$3.846B 17.36% YoY	$3.599B 12.43% YoY	$3.451B 19.2% YoY	$3.361B 25.92% YoY	$3.277B 37.93% YoY	$3.201B 56.5% YoY	$2.895B 54.47% YoY	$2.669B 49.41% YoY	$2.376B 37.34% YoY	$2.046B 15.89% YoY
TOTAL LIABILITIES
Total Short-Term Liabilities	$271.1M -62.53% YoY	$476.8M -3.85% YoY	$503.0M -12.46% YoY	$496.0M 32.1% YoY	$723.5M 49.42% YoY	$495.9M 306.58% YoY	$574.6M 486.89% YoY	$375.5M 293.81% YoY	$484.2M 469.81% YoY	$122.0M 33.26% YoY	$97.90M 30.27% YoY	$95.34M 21.64% YoY	$84.98M -8.4% YoY	$91.53M -0.73% YoY	$75.15M -5.3% YoY	$78.38M 11.9% YoY	$92.77M 42.72% YoY	$92.20M 45.42% YoY	$79.36M 28.21% YoY
Total Long-Term Liabilities	$6.624B 41.48% YoY	$6.229B 38.08% YoY	$5.818B 40.53% YoY	$5.379B 33.7% YoY	$4.682B 26.96% YoY	$4.511B 17.31% YoY	$4.140B 15.03% YoY	$4.023B 16.59% YoY	$3.688B 9.72% YoY	$3.846B 17.36% YoY	$3.599B 12.43% YoY	$3.451B 19.2% YoY	$3.361B 25.92% YoY	$3.277B 37.93% YoY	$3.201B 56.5% YoY	$2.895B 54.47% YoY	$2.669B 49.41% YoY	$2.376B 37.34% YoY	$2.046B 15.89% YoY
Total Liabilities	$6.895B 27.56% YoY	$6.706B 33.92% YoY	$6.321B 34.07% YoY	$5.875B 33.56% YoY	$5.405B 29.57% YoY	$5.007B 26.2% YoY	$4.715B 27.52% YoY	$4.399B 23.93% YoY	$4.172B 21.07% YoY	$3.968B 17.79% YoY	$3.697B 12.84% YoY	$3.549B 19.38% YoY	$3.446B 24.77% YoY	$3.368B 36.49% YoY	$3.277B 54.2% YoY	$2.973B 52.93% YoY	$2.762B 49.18% YoY	$2.468B 37.62% YoY	$2.125B 16.3% YoY
SHAREHOLDERS EQUITY
Retained Earnings	$324.7M 50.2% YoY	$302.4M 53.24% YoY	$267.6M 51.4% YoY	$242.2M 50.5% YoY	$216.2M 47.93% YoY	$197.3M 53.08% YoY	$176.7M 58.44% YoY	$160.9M 61.8% YoY	$146.2M 67.45% YoY	$128.9M 68.21% YoY	$111.6M 63.63% YoY	$99.47M 70.94% YoY	$87.28M 83.59% YoY	$76.63M 72.51% YoY	$68.17M N/A	$58.19M N/A	$47.54M 155.69% YoY	$44.42M 192.29% YoY	N/A
Common Stock	$403.0K 12.26% YoY	$398.0K 17.4% YoY	$396.0K 18.21% YoY	$390.0K 16.42% YoY	$359.0K 7.49% YoY	$339.0K 2.42% YoY	$335.0K 1.52% YoY	$335.0K 1.82% YoY	$334.0K 1.83% YoY	$331.0K 1.53% YoY	$330.0K 1.54% YoY	$329.0K 1.23% YoY	$328.0K 0.92% YoY	$326.0K 0.93% YoY	$325.0K N/A	$325.0K N/A	$325.0K 57.77% YoY	$323.0K 60.7% YoY	N/A
Preferred Stock	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Treasury Stock (at cost)	$14.74M 193.0% YoY	$10.20M 255.66% YoY	$10.20M 255.63% YoY	$10.02M 249.39% YoY	$5.031M 93.28% YoY	$2.869M 117.51% YoY	$2.869M 121.72% YoY	$2.869M 121.72% YoY	$2.603M 101.16% YoY	$1.319M 187.99% YoY	$1.294M 182.53% YoY	$1.294M 182.53% YoY	$1.294M 182.53% YoY	$458.0K N/A	$458.0K N/A	$458.0K N/A	$458.0K N/A	N/A	N/A
Treasury Stock Shares	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Shareholders Equity	$693.3M 23.11% YoY	$672.5M 30.1% YoY	$634.3M 30.87% YoY	$597.9M 26.85% YoY	$563.2M 24.34% YoY	$516.9M 19.26% YoY	$484.6M 16.39% YoY	$471.3M 17.33% YoY	$452.9M 16.85% YoY	$433.4M 15.03% YoY	$416.4M 13.52% YoY	$401.7M 12.87% YoY	$387.6M 12.54% YoY	$376.8M 10.47% YoY	$366.8M 51.46% YoY	$355.9M 52.44% YoY	$344.4M 54.13% YoY	$341.1M 55.34% YoY	$242.2M 15.46% YoY
Total Liabilities & Shareholders Equity	$7.591B 27.13% YoY	$7.382B 33.54% YoY	$6.959B 33.76% YoY	$6.476B 32.88% YoY	$5.972B 29.02% YoY	$5.527B 25.49% YoY	$5.202B 26.36% YoY	$4.873B 23.34% YoY	$4.628B 20.62% YoY	$4.405B 17.49% YoY	$4.117B 12.88% YoY	$3.951B 18.56% YoY	$3.837B 23.39% YoY	$3.749B 33.3% YoY	$3.647B 48.44% YoY	$3.333B 46.97% YoY	$3.110B 43.65% YoY	$2.812B 33.74% YoY	$2.457B 15.53% YoY