VEL - NYSE

Velocity Financial, Inc.

VEL·NYSE

$17.13

-1.0%

Financial ServicesFinancial - Mortgages

Velocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 14 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$672.44M

EPS2.8100

P/E Ratio6.10

Earnings Date08/06/2026

18.16M

Operating Cash Flow

-52%

3Y-63.0%

5Y-67.0%

10Y-39.0%

-1.52B

Investing Cash Flow

46%

3Y+68.0%

5Y-1834.0%

10Y+740.0%

1.68B

Financing Cash Flow

66%

3Y+92.0%

5Y-1222.0%

10Y+782.0%

Velocity Financial, Inc. Cash Conversion Engine

VEL · NYSE

FCF Components

Net Income104.98M

Depreciation & Amortization2.02M

Stock-Based Compensation8.28M

Change in Working Capital-1.31M

Others-87.69M

Capital Expenditures-281.00K

Free Cash Flow17.88M

Cash Flow Quality Analysis

FCF Conversion Rate

17.0%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

1.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-52.3%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$1.31M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Velocity Financial, Inc. Cash Flow Statement

VEL • NYSE

Velocity Financial, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
OPERATING ACTIVITIES
Net Income	105M	68.5M	51.5M	32.5M	29.2M	17.8M	17.3M	7.6M	14M	6.8M
Depreciation & Amortization	2M	2M	2.3M	2.1M	2.4M	2.4M	2.5M	1.4M	1.2M	514K
Change in Deferred Taxes	-8.1M	-11.4M	0.0	11.6M	-10M	1.7M	-7.8M	-517K	0.0	0.0
Stock-Based Compensation	8.3M	6.2M	0.0	3.3M	2.2M	965K	0.0	0.0	0.0	0.0
Other Non-Cash Items	-87.7M	-47.1M	-9.4M	17.1M	21M	22.4M	-118M	-62.2M	17.6M	21.3M
Cash Taxes Paid	(0.0)	(41.5M)	(0.0)	(23M)	(9.6M)	(965K)	(15.4M)	(13.2M)	(127K)	(21K)
Change in Working Capital	-1.3M	19.6M	16.7M	-18M	12.8M	9.6M	628K	-18.9M	4.8M	1.1M
Cash from Operating Activities	18.2M	37.8M	61.1M	48.7M	57.6M	54.9M	-105.3M	-72.5M	37.6M	29.8M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-281K	-289K	-180K	-326K	-135K	-726K	-882K	-1.3M	-3.1M	-2.9M
Acquisitions, Net	(0.0)	(0.0)	(0.0)	(0.0)	-10.8M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Purchase of Investments	(0.0)	-16.7M	-38M	(0.0)	-1.7M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Sale/Maturity of Investments	128.9M	50.2M	56.8M	0.0	22.7M	0.0	0.0	0.0	0.0	0.0
Other Investing Items	-1.7B	-1.1B	-615.5M	-907.9M	-666.6M	88.5M	-305.1M	-268.9M	-271.7M	-178.2M
Cash from Investing Activities	-1.5B	-1B	-597M	-908.2M	-656.5M	(87.7M)	-305.9M	-270.2M	-274.8M	-181.1M
FINANCING ACTIVITIES
Net Issuance of Common Stock	44.2M	10.1M	1.4M	149K	137K	100.8M	0.0	0.0	0.0	0.0
Net Issuance of Debt	1.6B	1B	534.6M	899.5M	653.6M	-283.1M	467.7M	351.5M	215.6M	144.8M
Share Repurchases	-7.3M	(0.0)	-861K	-458K	(0.0)	(0.0)	-27.7M	(0.0)	(0.0)	(0.0)
Other Financing Items	-47K	-5.8M	-280K	-25.6M	-27.6M	-8.6M	-17.9M	-7.8M	-14.7M	-12.6M
Cash from Financing Activities	1.7B	1B	535.8M	874M	626.2M	-149.9M	422.1M	343.6M	201.1M	190.8M
CASH FLOW SUMMARY
Net Change in Cash	178.4M	8.9M	-129K	14.5M	27.3M	-7.3M	10.9M	950K	-36M	39.5M
Cash at Beginning of Period	70.8M	61.9M	62.1M	47.6M	20.3M	27.6M	16.7M	15.7M	51.7M	12.3M
Cash at End of Period	249.2M	70.8M	61.9M	62.1M	47.6M	20.3M	27.6M	16.7M	15.7M	51.7M
Free Cash Flow	17.9M	37.5M	60.9M	48.3M	57.3M	53.3M	-107.3M	-74.2M	34.6M	26.9M

SEC Filings

VEL - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 26, 2026	May 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 06, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 10, 2026	May 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 13, 2026	March 11, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 12, 2026	March 11, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 12, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	January 30, 2026	January 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 29, 2026	January 28, 2026	2026	View Filing

Showing 1 to 10 of 133 filings

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