Velocity Financial (VEL) Rent Expense (2019 - 2026)

Velocity Financial has reported Rent Expense for 8 years, with the latest figure at $352000.0 in Q2 2026.

• On a quarterly basis, Rent Expense rose 18.12% year-over-year to $352000.0 in Q2 2026; TTM through Jun 2026 was $1.2 million, a 10.59% decrease from a year earlier, with the FY2025 full-year figure at $1.1 million, down 41.84% from the prior year.
• Rent Expense was $352000.0 for Q2 2026 at Velocity Financial, up from $340000.0 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.
• Average Rent Expense over 5 years is $412111.1, with a median of $438500.0 recorded in 2022.
• The sharpest annual moves came in 2024 and 2025: Rent Expense jumped 34.72% in 2024, then plunged 51.7% in 2025.
• Over 5 years, Rent Expense stood at $435000.0 in 2022, then rose by 26.44% to $550000.0 in 2023, then sank by 46.18% to $296000.0 in 2024, then slipped by 7.09% to $275000.0 in 2025, then rose by 28.0% to $352000.0 in 2026.
• The last three Rent Expense figures came in at $352000.0 (Q2 2026), $340000.0 (Q1 2026), and $275000.0 (Q4 2025), per Business Quant data.