Velocity Financial (VEL) Operating Expenses (2019 - 2026)

Velocity Financial has reported Operating Expenses for 8 years, with the latest figure at $54.3 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 28.8% year-over-year to $54.3 million; the trailing twelve-month figure through Mar 2026 stood at $209.5 million (up 38.91% YoY), and the FY2025 full-year result was $197.4 million, up 41.33% from the prior year.
• Operating Expenses for Q1 2026 stood at $54.3 million, up from $52.9 million in the prior quarter.
• The five-year high for Operating Expenses was $54.3 million in Q1 2026, with the low at $12.9 million in Q1 2022.
• Average Operating Expenses over 5 years is $32.6 million, with a median of $31.0 million recorded in 2024.
• Year-over-year, Operating Expenses advanced 17.23% in 2022 and jumped 106.37% in 2023.
• Tracing VEL's Operating Expenses over 5 years: stood at $20.8 million in 2022, then soared by 40.65% to $29.3 million in 2023, then soared by 33.72% to $39.1 million in 2024, then soared by 35.09% to $52.9 million in 2025, then advanced by 2.81% to $54.3 million in 2026.
• The last three Operating Expenses figures came in at $54.3 million (Q1 2026), $52.9 million (Q4 2025), and $50.4 million (Q3 2025), per Business Quant data.

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