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Velocity Financial Llc (NYSE:VEL)

17.71 USD

+0.300 1.723%
Last Updated at: 2026-07-27T17:56:00Z

Velocity Financial Llc

Velocity Financial, Inc. operates as a real estate finance company in the United States. The company originates and acquire loans, which is secured by mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. It also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties. The company offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.

30699 Russell Ranch Road, Westlake Village, CA, United States, 91362

818 532 3700

https://www.velfinance.com

Employees: 194

Key Executives

Sr. No. Name Title Year Born
1. Mr. Jeffrey T. Taylor Exec. VP of Capital Markets 1969
2. Ms. Fiona Tam Chief Accounting Officer 1971
3. Mr. Christopher D. Farrar Co-Founder, CEO, Pres & Director 1967
4. Mr. Mark R. Szczepaniak Chief Financial Officer 1958
5. Mr. Christopher J. Oltmann Corp. Treasurer & Director of Investor Relations 1966
6. Mr. Roland Thomas Kelly Chief Legal Officer, Gen. Counsel & Corp. Sec. 1971
7. Mr. Graham M. Comley Chief Information Officer of Velocity Commercial Capital LLC 1980
8. Mr. Joseph A. Cowell Chief Operating Officer of Velocity Commercial Capital LLC 1980

Peers

Sector: Financial Services

Industry: Mortgage Finance

Company Change (USD) Price (USD) Trailing PE(x) Forward PE(x) Price Sales TTM(x) Price to Book Value(x) Enterprise Value to Revenue(x) Enterprise Value to EBITDA(x)
FMCCT

Federal Home Loan Mortgage Corp Pref Perpetual

 +0.350 2.518% 14.25 279.410 0.000 2.784 0.000 0.000 0.000
RKT

Rocket Companies Inc

 +0.415 3.180% 13.3 8.170 62.500 7.576 3.144 0.000 0.000
UWMC

UWM Holdings Corp

 +0.035 1.913% 1.84 47.990 30.212 10.560 5.042 25.695 22.054
FNMAS

Federal National Mortgage Association Pref S

 -0.050 0.524% 9.69 1701.430 0.000 0.548 0.000 0.000 0.000

Income Statement

(Currency in USD)
Breakdown 31-12-2022 31-12-2021 31-12-2020 31-12-2019 31-12-2018
Income Before Tax 44.552M 39.793M 23.129M 25.398M 19.249M
Minority Interest 0.308M - - - -
Net Income 32.211M 29.224M 17.777M 17.292M 10.549M
Selling General Administrative 32.206M 27.949M 22.474M 22.804M 21.453M
Gross Profit 80.341M 62.472M 53.166M 54.263M 45.601M
Reconciled Depreciation 2.116M 2.411M 2.446M 2.468M 1.434M
Ebit 171.967M 39.793M 23.129M 25.398M 95.168M
Ebitda 174.083M 42.204M 25.575M 27.866M 96.602M
Depreciation And Amortization 2.116M 2.411M 2.446M 2.468M 1.434M
Operating Income 171.967M 39.793M 23.129M 25.398M 95.168M
Other Operating Expenses 59.669M -36.086M -42.836M -28.865M 49.567M
Interest Expense 157.195M 105.995M 99.875M 98.521M 75.919M
Tax Provision 12.033M 10.569M 5.352M 8.106M 11.618M
Interest Income 240.343M 181.968M 167.322M 98.521M 75.919M
Net Interest Income 83.148M 75.973M 67.447M 59.01M 48.803M
Income Tax Expense 12.033M 10.569M 5.352M 8.106M 8.7M
Total Revenue 93.075M 75.879M 65.965M 54.263M 45.601M
Total Operating Expenses 59.669M -36.086M -42.836M -28.865M 49.567M
Cost Of Revenue 12.734M 13.407M 12.799M 7.396M 6.009M
Total Other Income Expense Net -127.415M 31.605M 16.809M 22.749M -75.919M
Net Income From Continuing Ops 32.519M 50.362M 17.777M 17.292M 10.549M
Net Income Applicable To Common Shares 32.211M 20.635M -31.178M 17.292M 7.631M

Balance Sheet

(Currency in USD)
Breakdown 31-12-2022 31-12-2021 31-12-2020 31-12-2019 31-12-2018
Total Assets 3748.975M 2812.478M 2102.874M 2214.766M 1737.985M
Intangible Assets 9.238M 7.152M - - 4.782M
Other Current Assets 43.557M -74.496M -86.502M 222.128M 81.23M
Total Liab 3368.475M 2467.988M 1883.285M 2061.922M 1598.267M
Total Stockholder Equity 376.811M 341.109M 219.589M 152.844M 139.718M
Other Current Liab -330.814M -301.069M -75.923M -421.548M -
Common Stock 376.811M 0.323M 0.201M 152.844M 136.8M
Capital Stock 0.326M 0.323M 0.201M - -
Retained Earnings 76.633M 44.422M 15.198M - -
Good Will 6.775M 6.775M - - -
Other Assets 375.247M 2665.545M 1998.954M 2113.796M 1663.515M
Cash 45.248M 36.131M 13.273M 22.551M 15.954M
Cash And Equivalents 45.248M 35.965M 13.273M 21.465M 15.008M
Total Current Liabilities 91.525M 301.069M 75.923M 421.548M 215.931M
Current Deferred Revenue - - - - -
Net Debt 3231.702M 2339.662M 1716.651M 1983.225M 1529.219M
Short Term Debt 330.814M 301.069M 75.923M 421.548M 215.931M
Short Long Term Debt 330.814M 301.069M 75.923M 421.548M 215.931M
Short Long Term Debt Total 3276.95M 2375.793M 1729.924M 2005.776M 1545.173M
Other Stockholder Equity -76.633M 296.364M 204.19M 152.844M 143.755M
Property Plant Equipment 3.356M 3.83M 4.328M 5.421M 0.753M
Total Current Assets 3358.564M 125.432M 99.775M 90.283M 68.935M
Long Term Investments 3548.485M 2616.831M 1962.734M - -
Short Term Investments 3272.39M 2527.564M - - -
Net Receivables 87.182M 89.301M 86.502M 67.732M 52.981M
Long Term Debt 2946.136M 2074.724M 1654.001M 2005.776M 1545.173M
Inventory - - - - -
Accounts Payable 91.525M 92.195M 63.361M 49.846M 26.797M
Accumulated Other Comprehensive Income - - -90M -5.151M -4.037M
Non Currrent Assets Other -9.238M -21.501M -6.654M -8.28M -5.535M
Non Current Assets Total 15.164M 21.501M 4.145M 10.687M 5.535M
Capital Lease Obligations - - - - -
Long Term Debt Total 3276.95M 2375.793M 1729.924M 2005.776M 1545.173M

Cash Flow

(Currency in USD)
Breakdown 31-12-2022 31-12-2021 31-12-2020 31-12-2019 31-12-2018
Investments 815.917M 685.218M 87.739M -305.934M -270.196M
Total Cashflows From Investing Activities -908.238M -656.483M 87.739M -305.934M -270.196M
Total Cash From Financing Activities 874.016M 626.172M -149.89M 422.145M 343.631M
Net Income 32.519M 29.224M 17.777M 17.292M 10.549M
Change In Cash 14.452M 27.311M -7.259M 10.875M 0.95M
Begin Period Cash Flow 47.604M 20.293M 27.552M 16.677M 15.727M
End Period Cash Flow 62.056M 47.604M 20.293M 27.552M 16.677M
Total Cash From Operating Activities 48.674M 57.622M 54.892M -105.336M -72.485M
Depreciation 2.116M 2.411M 2.446M 2.468M 1.434M
Other Cashflows From Investing Activities -1723.829M -1341.566M -3.843M 5.99M 4.335M
Dividends Paid - - - - -
Change To Inventory - - - - -
Sale Purchase Of Stock -0.458M -0.423M 144.002M -27.714M 0M
Other Cashflows From Financing Activities 3246.396M 2341.065M 989.313M 1704.897M 1186.196M
Capital Expenditures 0.326M 0.329M 1.572M 2.004M 1.701M
Change In Working Capital -18.026M 12.803M 9.529M 0.628M -19.308M
Other Non Cash Items 17.151M 20.975M 22.508M -130.769M -72.701M
Free Cash Flow 48.348M 57.293M 53.32M -107.34M -74.186M

Funds

Sr. No. Name Purchased On Shares
1. Vanguard Total Stock Mkt Idx Inv 2 years ago 225504
2. iShares Russell 2000 ETF 2 years ago 213513
3. Bridgeway Omni Small-Cap Value N 2 years ago 156650
4. Bridgeway Omni Small-Cap Value 2 years ago 156650
5. Vanguard Institutional Extnd Mkt Idx Tr 2 years ago 138380
6. EA Bridgeway Omni Small-Cap Value ETF 2 years ago 108487
7. Fidelity® Extended Market Index 2 years ago 101432
8. iShares Russell 2000 Value ETF 2 years ago 74336
9. Fidelity® Small Cap Index 2 years ago 73907
10. iShares Core S&P Total US Stock Mkt ETF 2 years ago 54375
11. State St Russell Sm Cap® Indx SL Cl I 2 years ago 34479
12. NT R2000 Value Index Fund - NL 2 years ago 27391
13. BlackRock Extended Mkt Composite 2 years ago 27351
14. NT R2000 Index Fund - NL 2 years ago 27161
15. Vanguard Russell 2000 ETF 2 years ago 26595
16. Fidelity® Total Market Index 2 years ago 24588
17. BlackRock Extended Equity Market K 2 years ago 23683
18. NT R2000 Index Fund - DC - NL - 2 2 years ago 21472
19. DFA US Vector Equity I 2 years ago 20216
20. Fidelity® Series Total Market Index 2 years ago 20095

Institutions

Sr. No. Name Purchased On Shares
1. Snow Phipps Group, LLC 2 years ago 12272765
2. Allianz Asset Management AG 2 years ago 10963806
3. Beach Point Capital Management LP 2 years ago 5123919
4. Adage Capital Partners Gp LLC 2 years ago 1171021
5. BlackRock Inc 2 years ago 551446
6. Vanguard Group Inc 2 years ago 414129
7. Bridgeway Capital Management, LLC 2 years ago 259625
8. Geode Capital Management, LLC 2 years ago 240978
9. State Street Corporation 2 years ago 174137
10. Empowered Funds, LLC 2 years ago 102975
11. Dimensional Fund Advisors, Inc. 2 years ago 98301
12. Northern Trust Corp 2 years ago 78790
13. Millennium Management LLC 2 years ago 67963
14. Mariner Wealth Advisors, LLC 2 years ago 38849
15. Bank of New York Mellon Corp 2 years ago 31730
16. Charles Schwab Investment Management Inc 2 years ago 28217
17. Morgan Stanley - Brokerage Accounts 2 years ago 24834
18. JANE STREET GROUP, LLC 2 years ago 20891
19. HSBC Holdings PLC 2 years ago 18889
20. Bank of America Corp 2 years ago 17945
Disclaimer

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