Financial insights of VEL

MyFinsight

For the year ending 2025-12-31.

Income Statement	2025-12-31
Interest income	550,829
Interest expense portfolio related	340,477
Net interest income portfolio related	210,352
Interest expense corporate debt	24,571
Net interest income	185,781
Provision for credit losses	5,805
Net interest income after provision for credit losses	179,976
Gain on disposition of loans-Nonrelated Party	16,910
Gain on disposition of loans-Related Party	19,344
Unrealized gain on fair value loans	116,853
Unrealized gain (loss) on fair value securitized debt	-30,454
Unrealized gain (loss) on mortgage servicing rights	-998
Origination fee income	33,982
Interest income on cash balance	5,856
Other income	2,126
Total other operating income	163,619
Compensation and employee benefits	90,217
Origination expenses	-4,466
Securitization expenses	28,284
Loan servicing	33,409
Professional fees	6,098
Rent and occupancy	1,122
Real estate owned, net	22,909
Other operating expenses	10,850
Total operating expenses	197,355
Income before income taxes	146,240
Domestic Country	30,856
State And Local Jurisdiction	10,401
Total income tax expense	41,257
Net income	104,983
Net income (loss) attributable to noncontrolling interest	-71
Net income attributable to velocity financial, inc	105,054

Basic EPS	2.81
Diluted EPS	2.75
Basic Average Shares	36,850,000
Diluted Average Shares	38,178,000