$VEL Income Statement | Understand Stock

Login

Understand Stock

Sign in or create a free account to unlock 10 years of data, build your watchlist, create alerts and more.

Sign in

$VEL

$17.90 +$0.77 (4.5%)

Deep Research with AI Research

Overview

$VEL Overview Financials SEC Filings Executives News

Specialized Tools

Valuations P Insider Transactions P Congressional Trades P

Financial Statements

Income Statement Balance Sheet Cashflow Statement

Income Statement

Concept	2025	2024	2023	2022	2021
Revenue	$587.1M 40.86% YoY	$416.8M 30.65% YoY	$319.0M 28.92% YoY	$247.5M 30.33% YoY	$189.9M 8.55% YoY
Cost Of Revenue	$61.69M 47.65% YoY	$41.78M 36.75% YoY	$30.55M 148.45% YoY	$12.30M 48.49% YoY	$8.282M 6.18% YoY
Gross Profit	$525.4M 40.1% YoY	$375.0M 30.0% YoY	$288.5M 22.67% YoY	$235.2M 29.5% YoY	$181.6M 8.66% YoY
Selling, General & Admin	$106.6M 22.51% YoY	$87.05M 58.65% YoY	$54.87M 23.47% YoY	$44.44M 40.06% YoY	$31.73M -4.43% YoY
Research & Development	N/A	N/A	N/A	N/A	N/A
Depreciation & Amortization	$500.0K -37.5% YoY	$800.0K 0.0% YoY	$800.0K 0.0% YoY	$800.0K -27.27% YoY	$1.100M -8.33% YoY
Operating Expenses	-$2.951M -136.75% YoY	$8.029M -39.85% YoY	$13.35M -53.28% YoY	$28.58M 0.83% YoY	$28.34M -20.39% YoY
Operating Profit	$528.3M 43.97% YoY	$367.0M 33.39% YoY	$275.1M 33.18% YoY	$206.6M 34.81% YoY	$153.2M 16.53% YoY
Interest Expense	-$359.2M 35.78% YoY	-$264.5M 33.73% YoY	-$197.8M 25.85% YoY	-$157.2M 48.3% YoY	-$106.0M 6.1% YoY
Other Income/Expense, Net	-$22.91M 279.92% YoY	-$6.030M -2.01% YoY	-$6.154M -8891.43% YoY	$70.00K -102.22% YoY	-$3.150M 16.67% YoY
Pretax Income	$146.2M 51.72% YoY	$96.39M 35.52% YoY	$71.13M 59.65% YoY	$44.55M 11.96% YoY	$39.79M 72.05% YoY
Income Tax	$41.26M 47.74% YoY	$27.93M 48.27% YoY	$18.83M 56.52% YoY	$12.03M 13.85% YoY	$10.57M 97.48% YoY
Net Earnings	$105.1M 53.55% YoY	$68.42M 30.89% YoY	$52.27M 62.28% YoY	$32.21M 10.22% YoY	$29.22M 64.39% YoY
Basic Earnings Per Share	$2.81 35.75% YoY	$2.07 29.37% YoY	$1.60 61.62% YoY	$0.99 10.0% YoY	$0.90 -158.06% YoY
Diluted Earnings Per Share	$2.75 43.98% YoY	$1.91 25.66% YoY	$1.52 61.7% YoY	$0.94 9.3% YoY	$0.86 -155.48% YoY
COMMON SHARES	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	36.85M 12.85% YoY	32.65M 1.39% YoY	32.21M 0.92% YoY	31.91M 39.89% YoY	22.81M 13.57% YoY
Diluted Shares Outstanding	38.18M 6.76% YoY	35.76M 3.7% YoY	34.48M 1.03% YoY	34.13M 0.44% YoY	33.98M 69.17% YoY

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
Revenue	$156.0M 28.3% YoY	$175.0M 50.48% YoY	$53.65M -50.03% YoY	$141.9M 40.55% YoY	$121.6M 31.82% YoY	$116.3M 32.5% YoY	$107.4M 29.84% YoY	$100.9M 32.57% YoY	$92.23M 27.33% YoY	$87.75M 32.91% YoY	$82.69M 29.57% YoY	$76.13M 24.77% YoY	$72.43M 28.0% YoY	$66.02M 27.66% YoY	$63.82M 35.12% YoY	$61.02M 28.82% YoY	$56.59M 29.94% YoY	$51.72M 11.43% YoY	$47.23M 14.3% YoY
Cost Of Revenue	$13.85M 14.91% YoY	$15.74M 13.59% YoY	$14.18M 60.38% YoY	$19.73M 73.16% YoY	$12.05M 56.55% YoY	$13.85M 88.6% YoY	$8.842M -10.05% YoY	$11.39M 63.54% YoY	$7.698M 20.06% YoY	$7.345M 126.49% YoY	$9.830M 196.62% YoY	$6.966M 111.73% YoY	$6.412M 161.71% YoY	$3.243M 30.82% YoY	$3.314M 64.55% YoY	$3.290M 71.18% YoY	$2.450M 31.02% YoY	$2.479M 25.2% YoY	$2.014M -7.19% YoY
Gross Profit	$142.1M 29.77% YoY	$159.2M 55.47% YoY	$39.47M -59.94% YoY	$122.1M 36.4% YoY	$109.5M 29.57% YoY	$102.4M 27.37% YoY	$98.52M 35.22% YoY	$89.54M 29.45% YoY	$84.53M 28.03% YoY	$80.41M 28.08% YoY	$72.86M 20.42% YoY	$69.17M 19.81% YoY	$66.02M 21.95% YoY	$62.78M 27.51% YoY	$60.50M 33.81% YoY	$57.73M 27.02% YoY	$54.14M 29.89% YoY	$49.24M 10.82% YoY	$45.22M 15.46% YoY
Selling, General & Admin	$29.64M 24.85% YoY	$24.33M 11.33% YoY	$24.47M 19.88% YoY	$24.90M 31.74% YoY	$23.74M 32.12% YoY	$21.86M 25.41% YoY	$20.41M 47.36% YoY	$18.90M 55.1% YoY	$17.97M 57.51% YoY	$17.43M 30.82% YoY	$13.85M 75.38% YoY	$12.18M 51.52% YoY	$11.41M 60.08% YoY	$13.32M 94.01% YoY	$7.897M 33.37% YoY	$8.041M 39.33% YoY	$7.127M 15.32% YoY	$6.866M 14.82% YoY	$5.921M -17.3% YoY
Research & Development	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
Depreciation & Amortization	$133.0K -3.62% YoY	$123.0K -13.99% YoY	$123.0K -56.54% YoY	$338.0K 82.7% YoY	$138.0K -24.18% YoY	$143.0K -22.7% YoY	$283.0K 48.95% YoY	$185.0K -0.54% YoY	$182.0K -6.67% YoY	$185.0K -3.14% YoY	$190.0K -6.86% YoY	$186.0K -4.62% YoY	$195.0K -5.34% YoY	$191.0K -19.07% YoY	$204.0K -27.14% YoY	$195.0K -35.64% YoY	$206.0K -31.56% YoY	$236.0K -21.33% YoY	$280.0K -9.68% YoY
Operating Expenses	-$3.366M 1056.7% YoY	$1.182M -138.55% YoY	-$2.273M -132.54% YoY	-$1.569M -133.41% YoY	-$291.0K -50.26% YoY	-$3.066M -239.11% YoY	$6.986M 74.21% YoY	$4.696M 60.55% YoY	-$585.0K -117.9% YoY	$2.204M 242.24% YoY	$4.010M -50.36% YoY	$2.925M -71.48% YoY	$3.268M -65.95% YoY	$644.0K -93.09% YoY	$8.078M -2.59% YoY	$10.26M 54.27% YoY	$9.597M 14.52% YoY	$9.316M 34.62% YoY	$8.293M 6.73% YoY
Operating Profit	$145.5M 32.49% YoY	$158.0M 49.83% YoY	$41.74M -54.4% YoY	$123.7M 45.8% YoY	$109.8M 29.02% YoY	$105.5M 34.88% YoY	$91.53M 32.95% YoY	$84.84M 28.07% YoY	$85.12M 35.63% YoY	$78.20M 25.86% YoY	$68.85M 31.33% YoY	$66.24M 39.54% YoY	$62.75M 40.89% YoY	$62.14M 55.65% YoY	$52.43M 41.99% YoY	$47.47M 22.36% YoY	$44.54M 33.76% YoY	$39.92M 6.43% YoY	$36.92M 17.62% YoY
Interest Expense	-$107.8M 34.88% YoY	-$99.35M 35.76% YoY	-$93.48M 36.79% YoY	-$86.48M 35.94% YoY	-$79.89M 34.44% YoY	-$73.18M 35.94% YoY	-$68.34M 35.65% YoY	-$63.61M 31.42% YoY	-$59.42M 28.71% YoY	-$53.83M 19.64% YoY	-$50.38M 30.61% YoY	-$48.40M 46.97% YoY	-$46.17M 13.45% YoY	-$44.99M 59.96% YoY	-$38.57M 55.48% YoY	-$32.93M 32.4% YoY	-$40.70M 44.41% YoY	-$28.13M 20.51% YoY	-$24.81M 2.26% YoY
Other Income/Expense, Net	-$6.862M 126.54% YoY	-$8.651M 3127.99% YoY	$87.11M -4564.99% YoY	-$3.298M 143.39% YoY	-$3.029M 23.38% YoY	-$268.0K -87.03% YoY	-$1.951M 57.34% YoY	-$1.355M 33.24% YoY	-$2.455M 34.23% YoY	-$2.066M 274.95% YoY	-$1.240M -735.9% YoY	-$1.017M -505.18% YoY	-$1.829M -1145.14% YoY	-$551.0K 32.45% YoY	$195.0K -116.44% YoY	$251.0K -124.16% YoY	$175.0K -134.31% YoY	-$416.0K 89.09% YoY	-$1.186M 31.78% YoY
Pretax Income	$30.88M 14.81% YoY	$50.05M 56.22% YoY	$35.38M 66.52% YoY	$33.92M 70.69% YoY	$26.89M 15.74% YoY	$32.04M 43.62% YoY	$21.24M 23.23% YoY	$19.87M 18.12% YoY	$23.24M 57.46% YoY	$22.31M 90.79% YoY	$17.24M 22.71% YoY	$16.82M 13.75% YoY	$14.76M 267.0% YoY	$11.69M 2.77% YoY	$14.05M 28.57% YoY	$14.79M 14.78% YoY	$4.021M -12.66% YoY	$11.38M -3.2% YoY	$10.93M 117.45% YoY
Income Tax	$8.578M 4.03% YoY	$15.30M 36.17% YoY	$9.963M 77.06% YoY	$7.752M 50.17% YoY	$8.246M 39.69% YoY	$11.23M 118.5% YoY	$5.627M 10.99% YoY	$5.162M 12.17% YoY	$5.903M 46.8% YoY	$5.141M 48.37% YoY	$5.070M 34.88% YoY	$4.602M 14.51% YoY	$4.021M 408.99% YoY	$3.465M 14.58% YoY	$3.759M 29.4% YoY	$4.019M 17.1% YoY	$790.0K -34.6% YoY	$3.024M 38.91% YoY	$2.905M 88.15% YoY
Net Earnings	$22.36M 18.4% YoY	$34.80M 69.02% YoY	$25.37M 60.56% YoY	$26.00M 75.92% YoY	$18.89M 9.48% YoY	$20.59M 18.62% YoY	$15.80M 30.75% YoY	$14.78M 23.17% YoY	$17.25M 62.0% YoY	$17.36M 105.09% YoY	$12.09M 21.07% YoY	$12.00M 12.71% YoY	$10.65M 241.2% YoY	$8.462M 1.3% YoY	$9.983M 24.45% YoY	$10.65M 12.61% YoY	$3.121M -8.1% YoY	$8.353M -12.77% YoY	$8.022M 130.45% YoY
Basic Earnings Per Share	$0.57 3.64% YoY	N/A	$0.66 37.5% YoY	$0.69 53.33% YoY	$0.55 5.77% YoY	N/A	$0.48 29.73% YoY	$0.45 21.62% YoY	$0.52 57.58% YoY	N/A	$0.37 19.35% YoY	$0.37 12.12% YoY	$0.33 230.0% YoY	N/A	$0.31 24.0% YoY	$0.33 13.79% YoY	$0.10 -9.09% YoY	N/A	$0.25 47.06% YoY
Diluted Earnings Per Share	$0.57 11.76% YoY	$0.89 56.12% YoY	$0.65 47.73% YoY	$0.69 64.29% YoY	$0.51 4.08% YoY	$0.57 16.47% YoY	$0.44 25.71% YoY	$0.42 19.51% YoY	$0.49 58.06% YoY	$0.49 97.07% YoY	$0.35 20.69% YoY	$0.35 13.37% YoY	$0.31 244.44% YoY	$0.25 -100.0% YoY	$0.29 26.09% YoY	$0.31 10.71% YoY	$0.09 -10.0% YoY	$243.1K -49.01% YoY	$0.23 109.09% YoY
COMMON 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
Basic Shares Outstanding	39.24M 15.35% YoY	38.90M 17.47% YoY	38.44M 16.1% YoY	36.49M 10.63% YoY	34.02M 3.19% YoY	33.11M 1.02% YoY	33.11M 1.05% YoY	32.99M 1.18% YoY	32.97M 1.04% YoY	32.78M 1.13% YoY	32.76M 1.07% YoY	32.60M 2.15% YoY	32.62M 2.3% YoY	32.42M N/A	32.42M 61.35% YoY	31.92M 58.89% YoY	31.89M 58.77% YoY	N/A	20.09M 0.01% YoY
Diluted Shares Outstanding	39.17M 6.42% YoY	N/A	38.80M 8.09% YoY	37.79M 6.15% YoY	36.81M 3.87% YoY	N/A	35.90M 3.35% YoY	35.60M 4.28% YoY	35.44M 4.07% YoY	N/A	34.73M 1.56% YoY	34.14M 0.24% YoY	34.05M -0.44% YoY	N/A	34.20M -0.04% YoY	34.06M 0.29% YoY	34.20M 2.39% YoY	N/A	34.21M 5.48% YoY

Loading...