VEL — Velocity Financial Income Statement

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FinancialsBalancedMid CapSuper Stock

Annual income statement for Velocity Financial, fiscal year end - December 31st, USD millions except per share, conversion factor applied.

	2021 December 31st	2022 December 31st	2023 December 31st	2024 December 31st	2025 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	10-K	10-K	10-K	10-K	10-K
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	190	247	319	417	587
Cost of Revenue
Gross Profit	182	235	288	375	525
Selling / General / Administrative Expenses
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	40.9	45.8	38.7	43.3	52.9
Operating Profit	149	202	280	373	534
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	39.8	44.6	71.1	96.4	146
Provision for Income Taxes
Net Income After Taxes	29.2	32.5	52.3	68.5	105
Minority Interest
Net Income Before Extraordinary Items
Net Income	29.2	32.2	52.3	68.4	105
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Dilution Adjustment
Diluted Net Income	29.2	32.2	52.3	68.4	105
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	0.953	1.05	1.52	1.91	2.75