Velocity Financial (VEL) Rent Expense (2019 - 2026)
Velocity Financial (VEL) posted quarterly Rent Expense of $340000.0 for Q1 2026, up 23.64% year-over-year from $275000.0 in Q1 2025, and up 23.64% quarter-over-quarter from $275000.0 in Q4 2025.
Velocity Financial (VEL) Rent Expense (2019 - 2026) Analysis & Trends
Velocity Financial's Rent Expense history runs 8 years deep, the most recent figure standing at $340000.0 for Q1 2026.
- In Q1 2026, Rent Expense rose 23.64% year-over-year to $340000.0; the TTM figure through Mar 2026 stood at $1.2 million (down 30.46% YoY), while the FY2025 annual figure was $1.1 million, down 41.84% from the prior year.
- Rent Expense for Q1 2026 stood at $340000.0, up from $275000.0 in the prior quarter.
- The five-year high for Rent Expense was $617000.0 in Q2 2024, with the low at $274000.0 in Q3 2025.
- The 5-year median for Rent Expense is $442000.0 (2022), against an average of $415647.1.
- The sharpest annual moves came in 2024 and 2025: Rent Expense surged 34.72% in 2024, then plunged 51.7% in 2025.
- Velocity Financial's Rent Expense stood at $435000.0 in 2022, then grew by 26.44% to $550000.0 in 2023, then sank by 46.18% to $296000.0 in 2024, then retreated by 7.09% to $275000.0 in 2025, then advanced by 23.64% to $340000.0 in 2026.
- Business Quant data shows VEL's Rent Expense at $340000.0 in Q1 2026, $275000.0 in Q4 2025, and $274000.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.35 Bn | 36.25 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 36.67 Bn | 36.67 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.47 Bn | 14.15 Bn | - | - |
| 4 | PennyMac Financial Services | 3.91 Bn | 3.16 Bn | 480.08 Mn | - |
| 5 | CNFinance Holdings | 1.52 Bn | 1.45 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | - |
| 7 | Velocity Financial | 707.60 Mn | -6.75 Bn | - | 352,000.00 |
| 8 | UWM Holdings | 474.22 Mn | -24.18 Mn | - | - |
| 9 | Onity | 301.94 Mn | 105.64 Mn | - | 8.20 Mn |
| 10 | loanDepot | 205.86 Mn | -105.27 Mn | - | 4.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 352,000.00 |
| Jun 30, 2026 | 352,000.00 |
| Mar 31, 2026 | 340,000.00 |
| Mar 31, 2026 | 340,000.00 |
| Dec 31, 2025 | 275,000.00 |
| Dec 31, 2025 | 275,000.00 |
| Sep 30, 2025 | 274,000.00 |
| Sep 30, 2025 | 274,000.00 |
| Jun 30, 2025 | 298,000.00 |
| Jun 30, 2025 | 298,000.00 |
| Mar 31, 2025 | 275,000.00 |
| Mar 31, 2025 | 275,000.00 |
| Dec 31, 2024 | 296,000.00 |
| Dec 31, 2024 | 296,000.00 |
| Sep 30, 2024 | 519,000.00 |
| Sep 30, 2024 | 519,000.00 |
| Jun 30, 2024 | 617,000.00 |
| Jun 30, 2024 | 617,000.00 |
| Mar 31, 2024 | 498,000.00 |
| Mar 31, 2024 | 498,000.00 |