Financial Services - Financial - Mortgages - NYSE - US
$ 19.95
-0.15 %
$ 661 M
Market Cap
10.9
P/E
INCOME STATEMENT
132 M
REVENUE
65.9 M
OPERATING INCOME
52.3 M
NET INCOME
EFFICIENCY
Earnings Waterfall
Velocity Financial, Inc.
| Revenue | 132 M |
| Cost Of Revenue | 0 |
| Gross Profit | 132 M |
| Operating Expenses | 156 M |
| Operating Income | 65.9 M |
| Other Expenses | 13.6 M |
| Net Income | 52.3 M |
Income Statement
Millions
| Dec-2023 | Dec-2022 | Dec-2021 | Dec-2020 | Dec-2019 | Dec-2018 | Dec-2017 | Dec-2016 | Dec-2015 | |
|---|---|---|---|---|---|---|---|---|---|
| REVENUE | |||||||||
| Revenue | 131.7 | 93.1 | 75.9 | 66.0 | 54.3 | 45.6 | 33.6 | 24.6 | 56.5 |
| GROSS PROFIT | |||||||||
| Cost Of Revenue | 0 | 12.7 | 13.4 | 12.8 | 9.9 | 7.4 | 6.1 | 4.2 | 3.1 |
| Gross Profit | 131.7 | 80.3 | 62.5 | 53.2 | 44.4 | 38.2 | 27.5 | 20.5 | 53.4 |
| OPERATING INCOME | |||||||||
| Operating Expenses | 155.5 | 59.7 | (36.1) | (42.8) | (28.9) | 49.6 | 41.6 | 33.0 | 10.2 |
| Selling, General and Administrative Expenses | 54.9 | 32.2 | 27.9 | 22.5 | 22.8 | 21.5 | 16.7 | 13.0 | 0 |
| Research and Development Expenses | 0 | 0.176 | 0.208 | 0.134 | 0.161 | 0.152 | 0.14 | 0.0861 | 0 |
| Operating Income | 65.9 | 172.0 | 39.8 | 23.1 | 25.4 | 95.2 | 75.3 | 57.6 | 43.1 |
| PRE-TAX INCOME | |||||||||
| Interest Income Expense | 203.0 | 157.2 | 106.0 | 99.9 | 98.5 | 75.9 | 61.3 | 50.8 | 34.9 |
| Total Other Income | 5.2 | (13.4) | (21.2) | (20.1) | (17.8) | (11.1) | (8.4) | (6.2) | (35.6) |
| Pre-Tax Income | 71.1 | 44.6 | 39.8 | 23.1 | 25.4 | 19.2 | 14.0 | 6.8 | 7.2 |
| NET INCOME | |||||||||
| Tax Provision | 18.8 | 12.0 | 10.6 | 5.4 | 8.1 | 8.7 | 76.3 | 59.5 | 0 |
| Net Income | 52.3 | 32.2 | 29.2 | 17.8 | 17.3 | 10.5 | 14.0 | 6.8 | 7.2 |
| EPS | 1.6 | 0.99 | 1.28 | 0.88 | 0.86 | 0.9 | 1.19 | 0.58 | 0.36 |