VEL - Velocity Financial, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$23.00
DETAILS
HIGH:
$23.00
LOW:
$23.00
MEDIAN:
$23.00
CONSENSUS:
$23.00
UPSIDE:
33.95%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 714.4 | 482.8 | 131.7 | 248.4 | 181.3 | 165.8 | 152.8 | 121.5 | 94.9 | 75.5 | 56.5 | 26.5 |
| Cost of Revenue | 33.4 | 272.2 | 0 | 158.3 | 105.7 | 104.9 | 99.7 | 76.1 | 61.7 | 52.3 | 3.1 | 1.8 |
| Gross Profit | 681.0 | 210.6 | 131.7 | 90.0 | 75.6 | 60.9 | 53.1 | 45.4 | 33.2 | 23.2 | 53.4 | 24.7 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 6.1 | 74.5 | 53.0 | 35.9 | 24.0 | 25.2 | 22.8 | 21.5 | 16.7 | 13.0 | 10.2 | 7.4 |
| Other Expenses | 163.7 | 39.6 | 1.9 | 9.6 | 11.8 | 12.5 | 4.9 | 4.7 | 2.5 | 3.4 | 0 | 0 |
| Operating Expenses | 169.8 | 114.2 | 54.9 | 45.5 | 35.8 | 37.8 | 27.7 | 26.2 | 19.2 | 16.4 | 10.2 | 7.4 |
| Operating Income | ||||||||||||
| Operating Income | 511.3 | 96.4 | 76.8 | 44.6 | 39.8 | 23.1 | 25.4 | 19.2 | 14.0 | 6.8 | 42.7 | 17.3 |
| Interest Expense | 365.0 | 247.2 | 203.0 | 157.2 | 106.0 | 99.9 | 98.5 | 75.9 | 61.3 | 50.8 | 34.9 | 0 |
| Interest Income | 550.8 | 406.8 | 316.0 | 240.3 | 182.0 | 167.3 | 157.5 | 124.7 | 97.8 | 78.4 | 0 | 0 |
| Profitability | ||||||||||||
| EBITDA | 511.3 | 98.4 | 0 | 46.7 | 42.2 | 25.6 | 27.9 | 20.7 | 15.2 | 7.3 | 42.7 | 17.3 |
| EBIT | 511.3 | 96.4 | (2.3) | 44.6 | 39.8 | 23.1 | 25.4 | 19.2 | 14.0 | 6.8 | 42.7 | 17.3 |
| Income Before Tax | 146.2 | 96.4 | 71.1 | 44.6 | 39.8 | 23.1 | 25.4 | 19.2 | 14.0 | 6.8 | 7.2 | (6.3) |
| Income Tax Expense | 41.3 | 27.9 | 18.8 | 12.0 | 10.6 | 5.4 | 8.1 | 11.6 | 0 | 0 | 0 | 0 |
| Net Income | 105.1 | 68.4 | 52.3 | 32.2 | 29.2 | 17.8 | 17.3 | 7.6 | 14.0 | 6.8 | 7.2 | (6.3) |
| Per Share Data | ||||||||||||
| EPS (Basic) | 2.81 | 2.07 | 1.60 | 0.99 | 0.90 | -1.55 | 0.86 | 0.65 | 1.19 | 0.58 | 0.36 | -0.31 |
| EPS (Diluted) | 2.75 | 1.91 | 1.52 | 0.93 | 0.86 | -1.55 | 0.86 | 0.90 | 1.19 | 0.58 | 0.36 | -0.31 |
| Shares Outstanding | 36.9 | 32.7 | 32.2 | 31.9 | 22.8 | 20.1 | 113.6 | 11.7 | 11.7 | 11.7 | 20.1 | 20.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 92.1 | 50.1 | 40.8 | 45.4 | 36.1 | 13.9 | 22.6 | 15.0 | 15.9 | 50.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 49.7 | 160.1 | 120.9 | 95.5 | 89.3 | 86.5 | 67.7 | 52.7 | 34.3 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 157.1 | 0 | 0 | 0 | (1.6) | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 301.6 | 212.3 | 163.7 | 142.8 | 125.4 | 101.7 | 91.9 | 68.9 | 51.1 | 50.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 4.2 | 4.2 | 5.3 | 5.8 | 7.6 | 8.9 | 10.7 | 5.5 | 5.8 | 3.9 |
| Goodwill | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 0 | 0 | 4.3 | 0 | 0 |
| Intangible Assets | 13.0 | 13.7 | 8.6 | 9.2 | 7.2 | 0 | 0 | 4.8 | 0 | 0 |
| Long-Term Investments | 6,758.2 | 5,186.9 | 4,151.6 | 3,548.4 | 2,617.3 | 1,962.8 | 2,080.8 | 0 | 1,309.8 | 0 |
| Other Non-Current Assets | 275.0 | 89.9 | 66.3 | 31.0 | (2,617.3) | 22.8 | 23.2 | (14.6) | 5.1 | 1,079.3 |
| Total Non-Current Assets | 7,079.9 | 5,315.1 | 4,240.9 | 3,606.2 | 21.5 | 2,001.2 | 2,122.9 | 1,729.3 | 1,320.7 | 1,083.2 |
| Total Assets | 7,381.5 | 5,527.4 | 4,404.6 | 3,749.0 | 2,812.5 | 2,102.9 | 2,214.8 | 1,735.2 | 1,371.8 | 1,133.1 |
| Current Liabilities | ||||||||||
| Account Payables | 168.3 | 147.8 | 122.0 | 91.5 | 92.2 | 63.4 | 56.1 | 26.8 | 22.0 | 0 |
| Short-Term Debt | 308.5 | 348.1 | 334.8 | 330.8 | 301.1 | 75.9 | 421.5 | 0 | 85.3 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 208.9 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | (602.1) | 0 | 0 | (26.8) | 0 | 0 |
| Total Current Liabilities | 476.8 | 495.9 | 456.7 | 422.3 | 0 | 139.3 | 477.7 | 26.8 | 107.3 | 1,957.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 6,229.0 | 4,511.3 | 3,507.3 | 2,946.1 | 2,074.7 | 1,654.0 | 1,584.2 | 1,545.2 | 1,108.9 | 972.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 3.7 | 0 | 393.3 | 90 | 0 | (1,545.2) | 24.7 | 0 |
| Total Non-Current Liabilities | 6,229.0 | 4,511.3 | 3,511.0 | 2,946.1 | 2,468.0 | 1,744.0 | 1,584.2 | 1,572.0 | 1,133.6 | 972.5 |
| Total Liabilities | 6,705.8 | 5,007.2 | 3,967.7 | 3,368.5 | 2,468.0 | 1,883.3 | 2,061.9 | 1,572.0 | 1,240.9 | 984.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0 | 136.8 | 0 | 125.3 |
| Retained Earnings | 302.4 | 197.3 | 128.9 | 76.6 | 44.4 | 15.2 | 0 | 0 | 0 | 148.4 |
| Accumulated Other Comprehensive Income | (2.6) | (0.8) | (1.2) | 0 | 0 | 0 | 0 | (4.0) | 0 | 148.4 |
| Total Stockholders' Equity | 672.5 | 516.9 | 433.4 | 376.8 | 341.1 | 219.6 | 152.8 | 163.3 | 130.9 | 1,133.1 |
| Total Liabilities & Equity | 7,381.5 | 5,527.4 | 4,404.6 | 3,749.0 | 2,812.5 | 2,102.9 | 2,214.8 | 1,735.2 | 1,371.8 | 972.5 |
| Debt Metrics | ||||||||||
| Total Debt | 6,537.5 | 4,859.4 | 3,842.1 | 3,276.9 | 2,375.8 | 1,729.9 | 2,005.8 | 1,545.2 | 1,194.2 | 1,047.4 |
| Net Debt | 6,445.4 | 4,809.3 | 3,801.3 | 3,231.5 | 2,339.7 | 1,716.0 | 1,983.2 | 1,529.2 | 1,178.3 | 995.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 105.0 | 68.5 | 51.5 | 32.5 | 29.2 | 17.8 | 17.3 | 7.6 | 14.0 | 6.8 |
| Depreciation & Amortization | 2.0 | 2 | 2.3 | 2.1 | 2.4 | 2.4 | 2.5 | 1.4 | 1.2 | 0.5 |
| Stock-Based Compensation | 8.3 | 6.2 | 0 | 3.3 | 2.2 | 1.0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (1.3) | 19.6 | 16.7 | (18.0) | 12.8 | 9.6 | 0.6 | (18.9) | 4.8 | 1.1 |
| Other Non-Cash Items | (87.7) | (47.1) | (9.4) | 17.1 | 21.0 | 22.4 | (118.0) | (62.2) | 17.6 | 21.3 |
| Operating Cash Flow | 18.2 | 37.8 | 61.1 | 48.7 | 57.6 | 54.9 | (105.3) | (72.5) | 37.6 | 29.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (0.3) | (0.3) | (0.2) | (0.3) | (0.1) | (1.6) | (2.0) | (1.7) | (3.1) | (2.9) |
| Acquisitions | 0 | 0 | 0 | 0 | (10.8) | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (16.7) | (38.0) | 0 | (1.7) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 128.9 | 50.2 | 56.8 | 0 | 22.7 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (1,650.4) | (1,078.3) | (615.5) | (907.9) | (666.6) | 88.5 | (305.1) | (268.9) | (271.7) | (178.2) |
| Investing Cash Flow | (1,521.8) | (1,045.1) | (597.0) | (908.2) | (656.5) | 87.7 | (305.9) | (270.2) | (274.8) | (181.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 1,637.9 | 1,011.9 | 534.6 | 899.5 | 653.6 | (283.1) | 467.7 | 351.5 | 215.6 | 144.8 |
| Stock Repurchased | (7.3) | 0 | (0.9) | (0.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.0) | (5.8) | (0.3) | (25.6) | (27.6) | (8.6) | (17.9) | (7.8) | (14.7) | (12.6) |
| Financing Cash Flow | 1,682.0 | 1,016.2 | 535.8 | 874.0 | 626.2 | (149.9) | 422.1 | 343.6 | 201.1 | 190.8 |
| Cash Position | ||||||||||
| Net Change in Cash | 178.4 | 8.9 | (0.1) | 14.5 | 27.3 | (7.3) | 10.9 | 0.9 | (36.0) | 39.5 |
| Cash at Beginning | 70.8 | 61.9 | 62.1 | 47.6 | 20.3 | 27.6 | 16.7 | 15.7 | 51.7 | 12.3 |
| Cash at End | 249.2 | 70.8 | 61.9 | 62.1 | 47.6 | 20.3 | 27.6 | 16.7 | 15.7 | 51.7 |
| Free Cash Flow | 17.9 | 37.5 | 60.9 | 48.3 | 57.3 | 53.3 | (107.3) | (74.2) | 34.6 | 26.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 714.4 | 482.8 | 131.7 | 248.4 | 181.3 | 165.8 | 152.8 | 121.5 | 94.9 | 75.5 | 56.5 | 26.5 |
| Gross Profit | 681.0 | 210.6 | 131.7 | 90.0 | 75.6 | 60.9 | 53.1 | 45.4 | 33.2 | 23.2 | 53.4 | 24.7 |
| Operating Income | 511.3 | 96.4 | 76.8 | 44.6 | 39.8 | 23.1 | 25.4 | 19.2 | 14.0 | 6.8 | 42.7 | 17.3 |
| Net Income | 105.1 | 68.4 | 52.3 | 32.2 | 29.2 | 17.8 | 17.3 | 7.6 | 14.0 | 6.8 | 7.2 | (6.3) |
| EPS (Diluted) | 2.75 | 1.91 | 1.52 | 0.93 | 0.86 | -1.55 | 0.86 | 0.90 | 1.19 | 0.58 | 0.36 | -0.31 |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 92.1 | 50.1 | 40.8 | 45.4 | 36.1 | 13.9 | 22.6 | 15.0 | 15.9 | 50.0 | ||
| Total Assets | 7,381.5 | 5,527.4 | 4,404.6 | 3,749.0 | 2,812.5 | 2,102.9 | 2,214.8 | 1,735.2 | 1,371.8 | 1,133.1 | ||
| Total Debt | 6,537.5 | 4,859.4 | 3,842.1 | 3,276.9 | 2,375.8 | 1,729.9 | 2,005.8 | 1,545.2 | 1,194.2 | 1,047.4 | ||
| Stockholders' Equity | 672.5 | 516.9 | 433.4 | 376.8 | 341.1 | 219.6 | 152.8 | 163.3 | 130.9 | 1,133.1 | ||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 18.2 | 37.8 | 61.1 | 48.7 | 57.6 | 54.9 | (105.3) | (72.5) | 37.6 | 29.8 | ||
| Capital Expenditure | (0.3) | (0.3) | (0.2) | (0.3) | (0.1) | (1.6) | (2.0) | (1.7) | (3.1) | (2.9) | ||
| Free Cash Flow | 17.9 | 37.5 | 60.9 | 48.3 | 57.3 | 53.3 | (107.3) | (74.2) | 34.6 | 26.9 | ||