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Velocity Financial, LLC Add to portfolio


Recent News + Filings   (All items)

Financial Summary   (All financials)
In millions, except per share itemsDec-31-18Dec-31-17Dec-31-16
Revenues50.237.528.0
            Revenue growth33.7%34.2% 
Cost of goods sold32.224.120.1
Gross profit18.013.47.9
            Gross margin35.9%35.7%28.3%
Selling, general and administrative5.33.92.4
EBIT12.79.45.5
            EBIT margin25.3%25.2%19.6%
Pre-tax income19.214.06.8
Income taxes8.70.00.0
            Tax rate45.2%0.0%0.0%
Net income10.514.06.8
            Net margin21.0%37.3%24.3%
 
 
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.

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