Velocity Financial, Inc.

NYSE VEL

Velocity Financial, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2024: 90.36%

Velocity Financial, Inc. Gross Profit Margin is 90.36% for the Trailing 12 Months (TTM) ending September 30, 2024, a 10.11% change year over year. Gross Profit Ratio is the ratio of gross profit to net sales, indicating the percentage of revenue that exceeds the cost of goods sold and reflects the efficiency of a company in managing its production or procurement and sales.

Velocity Financial, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2023 was 82.06%, a -4.61% change year over year.
Velocity Financial, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2022 was 86.03%, a 2.27% change year over year.
Velocity Financial, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2021 was 84.12%, a -2.63% change year over year.
Velocity Financial, Inc. Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2020 was 86.39%, a -13.61% change year over year.

Key data

Date	Gross Profit Margin	Operating Income Margin	EBT Margin	Net Income Margin

NYSE: VEL

Velocity Financial, Inc.

CEO	Mr. Christopher D. Farrar
IPO Date	Jan. 17, 2020
Location	United States
Headquarters	30699 Russell Ranch Road
Employees	253
Sector	Finance
Industries Venture Capital Banking & Lending

Description

Velocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 14 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.

Key trends

Past 5 years