Growth & profitability
- Free cash flow has declined 19.9% per year over the past 5 years.
VEL Financials Velocity Financial, Inc.
8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $105M | — | — | 15.6% | 1.4% | $18M | — | $92M |
| 2024 | — | $68M | — | — | 13.2% | 1.2% | $37M | — | $50M |
| 2023 | — | $52M | — | — | 12.1% | 1.2% | $49M | — | $41M |
| 2022 | — | $32M | — | — | 8.5% | 0.9% | $48M | — | $45M |
| 2021 | — | $29M | — | — | 8.6% | 1.0% | $57M | — | $36M |
| 2020 | — | $18M | — | — | 8.1% | 0.8% | $54M | — | $13M |
| 2019 | — | $17M | — | — | 11.3% | 0.8% | -$106M | — | $21M |
| 2018 | — | $8M | — | — | 5.6% | — | -$74M | — | $15M |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $25M | — | — | 3.5% | 0.3% | $4M | — | $76M |
| Mar '26 | — | $22M | — | — | 3.2% | 0.3% | $12M | — | $87M |
| Dec '25 | — | $35M | — | — | 5.2% | 0.5% | -$5M | — | $92M |
| Sep '25 | — | $25M | — | — | 4.0% | 0.4% | $11M | — | $99M |
| Jun '25 | — | $26M | — | — | 4.3% | 0.4% | $8M | — | $80M |
| Mar '25 | — | $19M | — | — | 3.4% | 0.3% | $3M | — | $52M |
| Dec '24 | — | $21M | — | — | 4.0% | 0.4% | $33M | — | $50M |
| Sep '24 | — | $16M | — | — | 3.3% | 0.3% | -$18M | — | $44M |
| Jun '24 | — | $15M | — | — | 3.1% | 0.3% | $11M | — | $47M |
| Mar '24 | — | $17M | — | — | 3.8% | 0.4% | $11M | — | $35M |
| Dec '23 | — | $17M | — | — | 4.0% | 0.4% | $26M | — | $41M |
| Sep '23 | — | $12M | — | — | 2.9% | 0.3% | -$10M | — | $29M |
| Jun '23 | — | $12M | — | — | 3.0% | 0.3% | $44M | — | $34M |
| Mar '23 | — | $11M | — | — | 2.7% | 0.3% | -$12M | — | $39M |
| Dec '22 | — | $8M | — | — | 2.2% | 0.2% | $40M | — | $45M |
| Sep '22 | — | $10M | — | — | 2.7% | 0.3% | -$5M | — | $26M |
| Jun '22 | — | $11M | — | — | 3.0% | 0.3% | $1M | — | $46M |
| Mar '22 | — | $3M | — | — | 0.9% | 0.1% | $12M | — | $37M |
| Dec '21 | — | $8M | — | — | 2.4% | 0.3% | $18M | — | $36M |
| Sep '21 | — | $8M | — | — | 3.3% | 0.3% | $19M | — | $35M |
Valuation over time
How the market has priced VEL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 11.1× (Mar '23) to 6.9× (Sep '26).
P/E
Frequently asked questions
Is VEL growing its revenue and profit?
See the revenue and net-income charts above for Velocity Financial, Inc.'s multi-year trend.
How much debt does VEL have?
As of FY2025, Velocity Financial, Inc. reported — of total debt against $92M of cash.
What is VEL's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is VEL's P/E ratio?
As of Sep '26, Velocity Financial, Inc. traded at a price-to-earnings ratio of about 6.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.