Velocity Financial, Inc.
VEL
$-0.19
Change (1 day)
$20.85
Year High
$13.78
Year Low
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Velocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 14 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.
Revenue of Velocity Financial, Inc. (VEL)
Revenue in 2023 (TTM): $131.72 M
According to Velocity Financial, Inc.'s latest financial reports the company's current revenue (TTM) is $131.72 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Velocity Financial, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $131.72 M | $131.72 M | $ | $71.13 M | $52.27 M |
| 2022 | $93.08 M | $80.34 M | $22.23 M | $44.55 M | $32.21 M |
| 2021 | $75.88 M | $62.47 M | $ | $39.79 M | $29.22 M |
| 2020 | $65.97 M | $53.17 M | $ | $23.13 M | $17.78 M |
| 2019 | $54.26 M | $44.4 M | $ | $25.4 M | $17.29 M |
| 2018 | $45.6 M | $38.16 M | $ | $19.25 M | $10.55 M |
| 2017 | $33.64 M | $27.54 M | $77.08 M | $13.99 M | $13.99 M |
| 2016 | $24.65 M | $20.48 M | $58.59 M | $6.8 M | $6.8 M |
| 2015 | $56.5 M | $53.36 M | $42.74 M | $7.15 M | $7.15 M |
| 2014 | $26.49 M | $24.7 M | $17.25 M | $-6,303,000 | $-6,303,000 |