For the quarter ending 2025-09-30, VEL has $6,958,683K in assets. $6,321,227K in debts. $98,964K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 98,964 | 79,559 | ||
| Restricted cash | 18,846 | 17,630 | ||
| Loans held for sale, at fair value | 2,590 | - | ||
| Loans held for investment, at amortized cost | 2,127,170 | 2,226,720 | ||
| Loans held for investment, at fair value | 4,371,317 | 3,826,505 | ||
| Total loans, net | 6,501,077 | 6,053,225 | ||
| Accrued interest receivables | 46,553 | 42,108 | ||
| Receivables due from servicers | 131,761 | 142,231 | ||
| Other receivables | 2,755 | 2,006 | ||
| Real estate owned, net | 113,700 | 93,387 | ||
| Property and equipment, net | 1,481 | 1,539 | ||
| Deferred tax asset | 16,625 | 12,488 | ||
| Mortgage servicing rights, at fair value | 12,597 | 12,940 | ||
| Derivative asset | 18 | - | ||
| Goodwill | 6,775 | 6,775 | ||
| Other assets | 7,531 | 11,992 | ||
| Total assets | 6,958,683 | 6,475,880 | ||
| Derivative liability | - | 560 | ||
| Accounts payable and accrued expenses | 170,584 | 164,935 | ||
| Secured financing, net | 286,218 | 285,756 | ||
| Securitized debt, at amortized cost | 1,783,150 | 1,859,750 | ||
| Securitized debt, at fair value | 3,748,889 | 3,232,769 | ||
| Warehouse and repurchase facilities, net | 332,386 | 331,057 | ||
| Total liabilities | 6,321,227 | 5,874,827 | ||
| Common stock (0.01 par value, 100,000,000 shares authorized 39,508,370 and 33,761,147 shares issued, 38,900,030 and 33,545,585 shares outstanding as of september 30, 2025 and december 31, 2024, respectively) | 396 | 390 | ||
| Additional paid-in capital | 379,401 | 368,527 | ||
| Retained earnings | 267,582 | 242,209 | ||
| Treasury stock, at cost (608,340 and 215,562 common shares as of september 30, 2025 and december 31, 2024, respectively) | 10,203 | 10,024 | ||
| Accumulated other comprehensive loss | -2,917 | -3,207 | ||
| Total velocity financial inc. stockholders' equity | 634,259 | 597,895 | ||
| Noncontrolling interest in subsidiary | 3,197 | 3,158 | ||
| Total equity | 637,456 | 601,053 | ||
| Total liabilities and equity | 6,958,683 | 6,475,880 | ||
Velocity Financial, Inc. (VEL)
Velocity Financial, Inc. (VEL)