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

Velocity Financial's Operating Expenses history runs 8 years deep, the most recent figure standing at $54.3 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 28.8% year-over-year to $54.3 million in Q1 2026; TTM through Mar 2026 was $209.5 million, a 38.91% increase from a year earlier, with the FY2025 full-year figure at $197.4 million, up 41.33% from the prior year.
• Operating Expenses rose to $54.3 million in Q1 2026 per VEL's latest filing, from $52.9 million in the prior quarter.
• Across five years, Operating Expenses topped out at $54.3 million in Q1 2026 and bottomed at $12.9 million in Q1 2022.
• The 5-year median for Operating Expenses is $31.0 million (2024), against an average of $32.6 million.
• Across the five-year window, Operating Expenses advanced 17.23% in 2022 and jumped 106.37% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $20.8 million in 2022, then surged by 40.65% to $29.3 million in 2023, then surged by 33.72% to $39.1 million in 2024, then surged by 35.09% to $52.9 million in 2025, then gained by 2.81% to $54.3 million in 2026.
• Per Business Quant, the three latest VEL Operating Expenses figures stand at $54.3 million (Q1 2026), $52.9 million (Q4 2025), and $50.4 million (Q3 2025).