Velocity Financial, Inc. (VEL)
Velocity Financial, Inc. (VEL)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 87,054 | 92,103 | 98,964 | 79,559 |
| Restricted cash | 24,996 | 157,134 | 18,846 | 17,630 |
| Loans held for sale, at fair value | NaN | NaN | 2,590 | NaN |
| Loans held for investment, at amortized cost (net of allowance for credit losses of 4,860 and 4,521 as of march 31, 2026 and december 31, 2025, respectively) | 1,951,030 | 2,028,262 | 2,127,170 | 2,226,720 |
| Loans held for investment, at fair value | 5,154,508 | 4,729,869 | 4,371,317 | 3,826,505 |
| Total loans, net | 7,105,538 | 6,758,131 | 6,501,077 | 6,053,225 |
| Accrued interest receivables | 51,259 | 49,678 | 46,553 | 42,108 |
| Receivables due from servicers | 142,354 | 150,902 | 131,761 | 142,231 |
| Other receivables | 2,690 | 1,897 | 2,755 | 2,006 |
| Real estate owned, net | 131,849 | 118,289 | 113,700 | 93,387 |
| Property, plant and equipment, gross | NaN | 9,257 | NaN | NaN |
| Accumulated depreciation and amortization | NaN | 7,842 | NaN | NaN |
| Property and equipment, net | 1,324 | 1,415 | 1,481 | 1,539 |
| Deferred tax asset, net | 18,462 | 22,709 | 16,625 | 12,488 |
| Mortgage servicing rights, at fair value | 12,645 | 12,963 | 12,597 | 12,940 |
| Derivative asset | 464 | 66 | 18 | NaN |
| Goodwill | 6,775 | 6,775 | 6,775 | 6,775 |
| Other assets | 6,033 | 9,451 | 7,531 | 11,992 |
| Total assets | 7,591,443 | 7,381,513 | 6,958,683 | 6,475,880 |
| Derivative liability | NaN | NaN | NaN | 560 |
| Accounts payable and accrued expenses | 173,076 | 168,314 | 170,584 | 164,935 |
| Secured financing, net | 73,274 | 286,679 | 286,218 | 285,756 |
| Unsecured senior notes, net | 485,445 | NaN | NaN | NaN |
| Securitized debt, at amortized cost | 1,638,995 | 1,705,589 | 1,783,150 | 1,859,750 |
| Securitized debt, at fair value | 4,426,240 | 4,236,737 | 3,748,889 | 3,232,769 |
| Warehouse and repurchase facilities, net | 98,009 | 308,506 | 332,386 | 331,057 |
| Total liabilities | 6,895,039 | 6,705,825 | 6,321,227 | 5,874,827 |
| Common stock (0.01 par value, 100,000,000 shares authorized 40,071,992 and 39,573,657 shares issued, 39,235,281 and 38,965,317 shares outstanding as of march 31, 2026 and december 31, 2025, respectively) | 403 | 398 | 396 | 390 |
| Additional paid-in capital | 385,254 | 382,564 | 379,401 | 368,527 |
| Retained earnings | 324,742 | 302,379 | 267,582 | 242,209 |
| Treasury stock, at cost (836,711 and 608,340 common shares as of march 31, 2026 and december 31, 2025, respectively) | 14,741 | 10,204 | 10,203 | 10,024 |
| Accumulated other comprehensive loss | -2,310 | -2,602 | -2,917 | -3,207 |
| Total velocity financial inc. stockholders' equity | 693,348 | 672,535 | 634,259 | 597,895 |
| Noncontrolling interest in subsidiary | 3,056 | 3,153 | 3,197 | 3,158 |
| Total equity | 696,404 | 675,688 | 637,456 | 601,053 |
| Total liabilities and equity | 7,591,443 | 7,381,513 | 6,958,683 | 6,475,880 |