Velocity Financial (VEL) Revenue & Revenue Breakdown
Velocity Financial Revenue Highlights
Latest Revenue (Y)
$376.69M
Velocity Financial Revenue by Period
Velocity Financial Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $376.69M | 304.71% |
| 2022-12-31 | $93.08M | 22.66% |
| 2021-12-31 | $75.88M | 15.03% |
| 2020-12-31 | $65.97M | 21.57% |
| 2019-12-31 | $54.26M | 19.00% |
| 2018-12-31 | $45.60M | 35.56% |
| 2017-12-31 | $33.64M | 36.49% |
| 2016-12-31 | $24.65M | - |
Velocity Financial generated $376.69M in revenue during NA 2023, up 304.71% compared to the previous quarter, and up 826.05% compared to the same period a year ago.
Velocity Financial Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | - | -100.00% |
| 2024-03-31 | $98.61M | 5.24% |
| 2023-12-31 | $93.69M | 135.26% |
| 2023-09-30 | $39.83M | 13.54% |
| 2023-06-30 | $35.08M | 6.03% |
| 2023-03-31 | $33.08M | 16.40% |
| 2022-12-31 | $28.42M | 18.22% |
| 2022-09-30 | $24.04M | -7.74% |
| 2022-06-30 | $26.06M | 79.08% |
| 2022-03-31 | $14.55M | -31.91% |
| 2021-12-31 | $21.37M | 4.55% |
| 2021-09-30 | $20.44M | -0.84% |
| 2021-06-30 | $20.61M | 53.15% |
| 2021-03-31 | $13.46M | -35.69% |
| 2020-12-31 | $20.93M | 28.43% |
| 2020-09-30 | $16.30M | 20.00% |
| 2020-06-30 | $13.58M | -8.42% |
| 2020-03-31 | $14.83M | -8.80% |
| 2019-12-31 | $16.26M | 29.64% |
| 2019-09-30 | $12.54M | 5.58% |
| 2019-06-30 | $11.88M | -12.57% |
| 2019-03-31 | $13.59M | 27.10% |
| 2018-12-31 | $10.69M | -10.02% |
| 2018-09-30 | $11.88M | -0.50% |
| 2018-06-30 | $11.94M | - |
Velocity Financial generated - in revenue during Q2 2024, up -100.00% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Velocity Financial Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| COOP | Mr. Cooper Group | $1.79B | $583.00M |
| PFSI | PennyMac Financial Services | $1.40B | $887.09M |
| UWMC | UWM | $1.31B | $507.09M |
| ECPG | Encore Capital Group | $1.22B | $355.29M |
| OCN | Ocwen Financial | $1.07B | $239.10M |
| CNF | CNFinance | $837.68M | $245.79M |
| GHLD | Guild Company | $718.13M | $285.69M |
| VEL | Velocity Financial | $376.69M | - |
| SNFCA | Security National Financial | $318.50M | $81.19M |
VEL Revenue FAQ
What is Velocity Financial’s yearly revenue?
Velocity Financial's yearly revenue for 2023 was $376.69M, representing an increase of 304.71% compared to 2022. The company's yearly revenue for 2022 was $93.08M, representing an increase of 22.66% compared to 2021. VEL's yearly revenue for 2021 was $75.88M, representing an increase of 15.03% compared to 2020.
What is Velocity Financial’s quarterly revenue?
Velocity Financial's quarterly revenue for Q2 2024 was $0, a -100.00% decrease from the previous quarter (Q1 2024), and a -100.00% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $98.61M, a 5.24% increase from the previous quarter (Q4 2023), and a 198.06% increase year-over-year (Q1 2023). VEL's quarterly revenue for Q4 2023 was $93.69M, a 135.26% increase from the previous quarter (Q3 2023), and a 229.64% increase year-over-year (Q4 2022).
What is Velocity Financial’s revenue growth rate?
Velocity Financial's revenue growth rate for the last 3 years (2021-2023) was 396.43%, and for the last 5 years (2019-2023) was 594.19%.