For the year ending 2025-12-31, VEL had $178,407K increase in cash & cash equivalents over the period. $17,880K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 104,983 |
| Depreciation and amortization | 516 |
| Amortization of right-of-use assets | 1,504 |
| Provision for credit losses | 5,805 |
| Origination of loans held for sale | 49,697 |
| Proceeds from sales of loans held for sale | 50,920 |
| Net accretion of discount on purchased loans and deferred loan origination costs | 3,795 |
| Provision for (reversal of) uncollectible corporate and escrow advances receivable | -158 |
| Gain on disposition of loans-Nonrelated Party | 1,257 |
| Gain on disposition of loans-Related Party | 19,344 |
| Real estate acquired through foreclosure in excess of recorded investment | 15,653 |
| Amortization of debt issuance discount and costs | 10,128 |
| Change in valuation of real estate owned | 17,520 |
| Change in valuation of fair value loans | 116,853 |
| Change in valuation of mortgage servicing rights | -998 |
| Change in valuation of fair value securitized debt | -30,454 |
| Hedging activities | 2,898 |
| Gain on sale of real estate owned | 1,445 |
| Stock-based compensation | 8,284 |
| Deferred tax (benefit) expense | -8,134 |
| Accrued interest and other receivables | 17,215 |
| Other assets | 3,650 |
| Accounts payable and accrued expenses | 19,558 |
| Net cash provided by operating activities | 18,161 |
| Origination of loans held for investment | 2,665,814 |
| Proceeds from sales of loans originally classified as held for investment | 128,935 |
| Payments of loans held for investment | 963,810 |
| Proceeds from sale of real estate owned | 55,581 |
| Capitalized improvement on real estate owned | 1,285 |
| Change in corporate and escrow advances receivable | -1,565 |
| Change in impounds and deposits | -1,163 |
| Purchase of property and equipment | 281 |
| Net cash used in investing activities | -1,521,782 |
| Warehouse repurchase facilities advances | 2,633,807 |
| Warehouse repurchase facilities repayments | 2,673,414 |
| Proceeds of securitized debt | 2,650,903 |
| Repayment of securitized debt | 971,748 |
| Purchase of treasury stock | 7,335 |
| Debt issuance costs | 1,623 |
| Proceeds from issuance of common stock related to warrants exercised | 10,908 |
| Proceeds from issuance of common stocks, net | 40,969 |
| Deferred stock issuance costs | 392 |
| Distribution to non-controlling interest | 47 |
| Net cash provided by financing activities | 1,682,028 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 178,407 |
| Cash, cash equivalents, and restricted cash at beginning of year | 70,830 |
| Cash, cash equivalents, and restricted cash at end of year | 249,237 |
Velocity Financial, Inc. (VEL)
Velocity Financial, Inc. (VEL)