Velocity Financial jumps after Q4 preliminary results

Velocity Financial

26/01/2026 20:20

** Shares of lender Velocity Financial VEL.N rise 7.22% to $20.79 after Q4 preliminary unaudited results

** Co expects net income of at least $35 million, an increase of at least 70%

** Separately, co announced $500 million of senior notes due 2031

** Co will use about $222.7 million of the money to redeem their 7.125% senior secured notes due 2027

** The remaining money will go towards normal company needs such as paying down borrowings on warehouse repurchase and funding an acquisition

** Two of three analysts rate stock "strong buy" or "buy" and 1 "sell"; their median PT is $22 - data compiled by LSEG

** Including session's move, VLE up 11.7% in the last 12 months

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))