← Velocity Financial, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $21.5m | $13.3m | $36.0m | $45.2m | $40.6m | $49.9m | $92.1m | |
| Accrued interest receivables | $13.3m | $11.4m | $13.2m | $20.5m | $27.0m | $35.2m | $49.7m | |
| Receivables due from servicers | $49.7m | $71.0m | $74.3m | $65.6m | $85.1m | $123.5m | $150.9m | |
| Other receivables | $4.8m | $4.1m | $1.8m | $1.1m | $8.8m | $1.4m | $1.9m | |
| Property and equipment, net | $4.7m | $4.1m | $3.8m | $3.4m | $2.8m | $1.6m | $1.4m | |
| Goodwill | — | — | $6.8m | $6.8m | $6.8m | $6.8m | $6.8m | |
| Other assets | $12.7m | $6.8m | $6.8m | $13.5m | $5.2m | $5.7m | $9.5m | |
| Restricted cash | $6.1m | $7.0m | $11.6m | $16.8m | $21.4m | $20.9m | $157.1m | |
| Loans held for sale, at fair value | — | — | — | — | $17.6m | — | — | |
| Loans held for investment, at amortized cost | — | — | — | — | $2.8b | $2.4b | $2.0b | |
| Loans held for investment, at fair value | $3.0m | $1.5m | $1.4m | $276.1m | $1.3b | $2.8b | $4.7b | |
| Real estate owned, net | $13.1m | $15.8m | $17.6m | $13.3m | $44.3m | $68.0m | $118.3m | |
| Deferred tax asset | $8.3m | $6.7m | $16.6m | $5.0m | $2.3m | $13.6m | $22.7m | |
| Mortgage servicing rights, at fair value | — | — | $7.2m | $9.2m | $8.6m | $13.7m | $13.0m | |
| Derivative Asset | — | — | — | — | — | — | $66k | |
| Secured financing, net | $145.6m | $75.0m | $162.8m | $209.8m | $211.1m | $284.8m | $286.7m | |
| Securitized debt, at amortized cost | — | — | — | — | $2.4b | $2.0b | $1.7b | |
| Securitized debt, at fair value | — | — | — | — | $877.4m | $2.2b | $4.2b | |
| Warehouse and repurchase facilities, net | $421.5m | $75.9m | $301.1m | $330.8m | $334.8m | $348.1m | $308.5m | |
| Derivative liability | — | — | — | — | $3.7m | — | — | |
| Total loans, net | $2.1b | $2.0b | $2.6b | $3.5b | $4.2b | $5.2b | $6.8b | |
| Total Velocity Financial Inc. stockholders' equity | $152.8m | $219.6m | $341.1m | $376.8m | $433.4m | $516.9m | $672.5m | |
| Total equity | — | $219.6m | $344.5m | $380.5m | $436.9m | $520.2m | $675.7m | |
| Total assets | $2.2b | $2.1b | $2.8b | $3.7b | $4.4b | $5.5b | $7.4b | |
| Accounts payable and accrued expenses | $56.1m | $63.4m | $92.2m | $91.5m | $122.0m | $147.8m | $168.3m | |
| Total liabilities | $2.1b | $1.8b | $2.5b | $3.4b | $4.0b | $5.0b | $6.7b | |
| Common stock ($0.01 par value, 100,000,000 shares authorized; 38,965,317 and 33,761,147 shares issued, 39,573,657 and 33,545,585 shares outstanding as of December 31, 2025 and 2024, respectively) | — | 201k | 323k | 326k | 331k | 339k | 398k | |
| Additional paid-in capital | — | $204.2m | $296.4m | $300.3m | $306.7m | $323.0m | $382.6m | |
| Retained earnings | — | $15.2m | $44.4m | $76.6m | $128.9m | $197.3m | $302.4m | |
| Treasury stock, at cost (608,340 and 215,562 common shares as of December 31, 2025 and 2024 respectively) | — | — | — | ($458k) | ($1.3m) | ($2.9m) | ($10.2m) | |
| Accumulated other comprehensive loss | — | — | — | — | ($1.2m) | ($805k) | ($2.6m) | |
| Noncontrolling interest in subsidiary | — | — | $3.4m | $3.7m | $3.4m | $3.3m | $3.2m | |
| Total liabilities and equity | $2.2b | $2.1b | $2.8b | $3.7b | $4.4b | $5.5b | $7.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.