Velocity Financial (VEL) Net Income (2019 - 2026)
Velocity Financial's (VEL) quarterly Net Income came in at $22.3 million in Q1 2026, up 19.58% year-on-year from $18.6 million in Q1 2025, and down 35.84% quarter-over-quarter from $34.8 million in Q4 2025.
Velocity Financial (VEL) Net Income (2019 - 2026) Analysis & Trends
Velocity Financial's Net Income history runs 8 years deep, the most recent figure standing at $22.3 million for Q1 2026.
- On a quarterly basis, Net Income rose 19.58% year-over-year to $22.3 million in Q1 2026; TTM through Mar 2026 was $108.6 million, a 55.68% increase from a year earlier, with the FY2025 full-year figure at $137.8 million, up 42.99% from the prior year.
- Net Income retreated to $22.3 million in Q1 2026 per VEL's latest filing, from $34.8 million in the prior quarter.
- Across five years, Net Income topped out at $34.8 million in Q4 2025 and bottomed at $3.2 million in Q1 2022.
- The 5-year median for Net Income is $15.6 million (2024), against an average of $16.5 million.
- Across the five-year window, Net Income fell 4.86% in 2022 and soared 232.28% in 2023, its largest moves.
- Year by year, Net Income stood at $8.2 million in 2022, then soared by 108.65% to $17.2 million in 2023, then increased by 21.2% to $20.8 million in 2024, then soared by 67.04% to $34.8 million in 2025, then slumped by 35.84% to $22.3 million in 2026.
- Per Business Quant, the three latest VEL Net Income figures stand at $22.3 million (Q1 2026), $34.8 million (Q4 2025), and $25.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | 297.00 Mn |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | 3.72 Bn |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | 3.56 Bn |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 82.32 Mn |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | 17.93 Mn |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 22.30 Mn |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | 170.37 Mn |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | -20.96 Mn |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 7.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.30 Mn |
| Dec 31, 2025 | 34.75 Mn |
| Sep 30, 2025 | 25.41 Mn |
| Jun 30, 2025 | 26.17 Mn |
| Mar 31, 2025 | 18.65 Mn |
| Dec 31, 2024 | 20.81 Mn |
| Sep 30, 2024 | 15.62 Mn |
| Jun 30, 2024 | 14.71 Mn |
| Mar 31, 2024 | 17.33 Mn |
| Dec 31, 2023 | 17.17 Mn |
| Sep 30, 2023 | 12.17 Mn |
| Jun 30, 2023 | 12.22 Mn |
| Mar 31, 2023 | 10.74 Mn |
| Dec 31, 2022 | 8.23 Mn |
| Sep 30, 2022 | 10.29 Mn |
| Jun 30, 2022 | 10.77 Mn |
| Mar 31, 2022 | 3.23 Mn |
| Dec 31, 2021 | 8.35 Mn |
| Sep 30, 2021 | 8.02 Mn |
| Jun 30, 2021 | 9.45 Mn |