Velocity Financial, Inc. (VEL)

USD 20.27

(-2.03%)

Annual Income Statements

(In USD)
Breakdown 2023 2022 2021 2020 2019 2018
Revenue 131.71 Million 93.07 Million 75.87 Million 65.96 Million 54.26 Million 45.6 Million
Cost of Revenue - 12.73 Million 13.4 Million 12.79 Million 9.86 Million 7.44 Million
Gross Profit 131.71 Million 80.34 Million 62.47 Million 53.16 Million 44.39 Million 38.15 Million
Operating Expenses 54.87 Million 59.66 Million -36.08 Million -42.83 Million -28.86 Million 49.56 Million
Selling, General and Administrative Expenses 54.87 Million 32.2 Million 27.94 Million 22.47 Million 22.8 Million 21.45 Million
Research and Development Expenses - 0.18 0.21 0.13 0.16 0.15
Other Expenses - 55.49 Million -64.03 Million -65.31 Million -51.66 Million 28.11 Million
Cost and Expenses 54.87 Million 59.66 Million -36.08 Million -42.83 Million -28.86 Million 49.56 Million
Operating Income 76.84 Million 171.96 Million 39.79 Million 23.12 Million 25.39 Million 95.16 Million
Interest Expense 203.02 Million 157.19 Million 105.99 Million 99.87 Million 98.52 Million 75.91 Million
Income Tax Expense 18.83 Million 12.03 Million 10.56 Million 5.35 Million 8.1 Million 8.7 Million
Earnings before Tax 71.12 Million 44.55 Million 39.79 Million 23.12 Million 25.39 Million 19.24 Million
Net Income 52.27 Million 32.21 Million 29.22 Million 17.77 Million 17.29 Million 10.54 Million
Earnings Per Share Basic 1.60 0.99 1.28 0.88 0.86 0.90
Earnings Per Share Diluted 1.49 0.93 0.86 0.88 0.86 0.90
Weighted Average Shares Outstanding 32.2 Million 31.91 Million 22.81 Million 20.08 Million 20.08 Million 11.74 Million
Weighted Average Shares Outstanding (Diluted) 34.48 Million 34.13 Million 33.98 Million 20.08 Million 20.08 Million 11.74 Million
Gross Margin 1.00 0.86 0.82 0.81 0.82 0.84
EBIT Margin - 1.87 0.56 0.39 0.51 2.12
Profit Margin 0.40 0.35 0.39 0.27 0.32 0.23
EBITDA - 22.22 Million - - - -
Earnings Before Tax Margin 0.58 1.85 0.52 0.35 0.47 2.09

Income Statement Charts