Velocity Financial (VEL) Rent Expense (2019 - 2026)
Velocity Financial's (VEL) quarterly Rent Expense came in at $340000.0 in Q1 2026, up 23.64% year-on-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.
- On a quarterly basis, Rent Expense rose 23.64% year-over-year to $340000.0 in Q1 2026; TTM through Mar 2026 was $1.2 million, a 30.46% decrease from a year earlier, with the FY2025 full-year figure at $1.1 million, down 41.84% from the prior year.
- Rent Expense rose to $340000.0 in Q1 2026 per VEL's latest filing, from $275000.0 in the prior quarter.
- Across five years, Rent Expense topped out at $617000.0 in Q2 2024 and bottomed at $274000.0 in Q3 2025.
- The 5-year median for Rent Expense is $442000.0 (2022), against an average of $415647.1.
- Across the five-year window, Rent Expense surged 34.72% in 2024 and sank 51.7% in 2025, its largest moves.
- Year by year, Rent Expense stood at $435000.0 in 2022, then increased by 26.44% to $550000.0 in 2023, then plunged by 46.18% to $296000.0 in 2024, then decreased by 7.09% to $275000.0 in 2025, then climbed by 23.64% to $340000.0 in 2026.
- Per Business Quant, the three latest VEL Rent Expense figures stand at $340000.0 (Q1 2026), $275000.0 (Q4 2025), and $274000.0 (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | - |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | - |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | - |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 340,000.00 |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | - |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | - |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 8.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 550,000.00 |
| Dec 31, 2023 | 550,000.00 |