$VEL Income Statement | Understand Stock

$VEL

$15.45 +$0.04 (0.26%) Close

Financial Statements

In millions of USD; shares in millions, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Interest income
Interest expense — portfolio related
Net interest income — portfolio related
Interest expense — corporate debt
Net interest income
Provision for credit losses
Net interest income after provision for credit losses
Other operating income
Unrealized gain on fair value loans
Unrealized gain (loss) on fair value securitized debt
Unrealized gain (loss) on mortgage servicing rights
Origination fee income
Interest income on cash balance
Other income
Total other operating income
Operating expenses
Compensation and employee benefits
Origination expenses
Securitization expenses
Loan servicing
Professional fees
Rent and occupancy
Real estate owned, net
Other operating expenses
Total operating expenses
Income before income taxes
Income tax expense
Federal
State
Total income tax expense
Net income
Net income (loss) attributable to noncontrolling interest
Net income attributable to Velocity Financial, Inc.
Less undistributed earnings attributable to unvested restricted stock awards
Net earnings attributable to common stockholders
Earnings per common share
Basic
Diluted
Weighted average common shares outstanding
Basic
Diluted

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