VEL — Velocity Financial Income Statement

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

	2019 December 31st	2020 December 31st	2021 December 31st	2022 December 31st	2023 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	162	175	190	247	319
Cost of Revenue
Gross Profit	155	167	182	235	288
Selling / General / Administrative Expenses
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	35.4	49.2	40.9	45.8	38.7
Operating Profit	127	126	149	202	280
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	25.4	23.1	39.8	44.6	71.1
Provision for Income Taxes
Net Income After Taxes	17.3	17.8	29.2	32.5	52.3
Minority Interest
Net Income Before Extraordinary Items
Net Income	17.3	17.8	29.2	32.2	52.3
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	17.3	-31.2	29.2	32.2	52.3
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	0.91	-1.33	0.953	1.05	1.52