Velocity Financial Past Earnings Performance
Past criteria checks 5/6
Velocity Financial has been growing earnings at an average annual rate of 37.7%, while the Diversified Financial industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 16.4% per year. Velocity Financial's return on equity is 12%, and it has net margins of 43.2%.
Key information
37.7%
Earnings growth rate
43.0%
EPS growth rate
| Diversified Financial Industry Growth | 6.1% |
| Revenue growth rate | 16.4% |
| Return on equity | 12.0% |
| Net Margin | 43.2% |
| Next Earnings Update | 02 May 2024 |
Recent past performance updates
Recent updates
Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price
Jan 05
Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Nov 08Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Aug 09Velocity Financial, Inc.'s (NYSE:VEL) Subdued P/E Might Signal An Opportunity
Jun 07Velocity Financial GAAP EPS of $0.29 in-line, revenue of $26.78M misses by $0.86M
Nov 03Velocity Financial, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
May 09How Much Did Velocity Financial's(NYSE:VEL) Shareholders Earn From Share Price Movements Over The Last Year?
Jan 19
Revenue & Expenses BreakdownBeta
How Velocity Financial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 119 | 52 | 55 | 0 |
| 30 Sep 23 | 114 | 43 | 51 | 0 |
| 30 Jun 23 | 104 | 41 | 45 | 0 |
| 31 Mar 23 | 103 | 39 | 41 | 0 |
| 31 Dec 22 | 89 | 32 | 36 | 0 |
| 30 Sep 22 | 93 | 31 | 30 | 0 |
| 30 Jun 22 | 90 | 26 | 28 | 0 |
| 31 Mar 22 | 84 | 22 | 26 | 0 |
| 31 Dec 21 | 84 | 21 | 25 | 0 |
| 30 Sep 21 | 84 | 23 | 23 | 0 |
| 30 Jun 21 | 77 | 21 | 24 | 0 |
| 31 Mar 21 | 68 | -32 | 26 | 0 |
| 31 Dec 20 | 70 | -31 | 27 | 0 |
| 30 Sep 20 | 66 | -36 | 26 | 0 |
| 30 Jun 20 | 65 | -35 | 23 | 0 |
| 31 Mar 20 | 64 | 15 | 21 | 0 |
| 31 Dec 19 | 62 | 17 | 19 | 0 |
| 30 Sep 19 | 56 | 11 | 19 | 0 |
| 30 Jun 19 | 54 | 11 | 20 | 0 |
| 31 Mar 19 | 53 | 10 | 20 | 0 |
| 31 Dec 18 | 50 | 8 | 19 | 0 |
| 30 Sep 18 | 50 | 14 | 18 | 0 |
| 31 Dec 17 | 37 | 14 | 15 | 0 |
| 31 Dec 16 | 26 | 7 | 14 | 0 |
Quality Earnings: VEL has high quality earnings.
Growing Profit Margin: VEL's current net profit margins (43.2%) are higher than last year (35.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VEL's earnings have grown significantly by 37.7% per year over the past 5 years.
Accelerating Growth: VEL's earnings growth over the past year (62.4%) exceeds its 5-year average (37.7% per year).
Earnings vs Industry: VEL earnings growth over the past year (62.4%) exceeded the Diversified Financial industry 9.9%.
Return on Equity
High ROE: VEL's Return on Equity (12%) is considered low.