Overview Financials News + Filings Key Docs Charts Ownership Insiders
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Velocity Financial, Inc. (VEL)
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| Price: |
$13.49
| | Metrics |
| OS: |
32.6
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M
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10
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% ROE
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| Market cap: |
$440
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M
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1
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% ROIC
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| TTM Valuation | | | |
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| EPS |
$1.21
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11.1
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x P/E
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BVPS
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$12.42
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1.09
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x P/B
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Recent News + Filings (All items)
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Revenue Mix by Segment
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Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
| Revenues | 252.2 | 190.1 | 173.2 | 61.7 | 51.4 | 37.5 | 28.0 |
| Revenue growth | 32.7% | 9.8% | 180.9% | 20.0% | 36.9% | 34.2% | |
| Cost of goods sold | 0.0 | 0.0 | 0.0 | 1.5 | 1.3 | 24.1 | 20.1 |
| Gross profit | 252.2 | 190.1 | 173.2 | 60.1 | 50.0 | 13.4 | 7.9 |
| Gross margin | 100.0% | 100.0% | 100.0% | 97.5% | 97.4% | 35.7% | 28.3% |
| Selling, general and administrative | 0.0 | 0.0 | 0.0 | | | 3.9 | 2.4 |
| General and administrative | 0.0 | 0.0 | 0.0 | 2.1 | 3.0 | | |
| EBIT | 0.0 | 0.0 | 0.0 | 55.4 | 44.2 | 9.4 | 5.5 |
| EBIT margin | 0.0% | 0.0% | 0.0% | 89.9% | 86.0% | 25.2% | 19.6% |
| Pre-tax income | 44.6 | 39.8 | 23.1 | 25.4 | 19.2 | 14.0 | 6.8 |
| Income taxes | 12.0 | 10.6 | 5.4 | 8.1 | 11.6 | 0.0 | 0.0 |
| Tax rate | 27.0% | 26.6% | 23.1% | 31.9% | 60.4% | 0.0% | 0.0% |
| Net income | 32.2 | 29.2 | 17.8 | 17.3 | 7.6 | 14.0 | 6.8 |
| Net margin | 12.8% | 15.4% | 10.3% | 28.0% | 14.9% | 37.3% | 24.3% |
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| Diluted EPS | $0.94 | $0.86 | $0.89 | | | | |
| Shares outstanding (diluted) | 34.1 | 34.0 | 20.1 | | | | |
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| 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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