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Velocity Financial (VEL) Revenue & Revenue Breakdown

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Velocity Financial Revenue Highlights

Latest Revenue (Y)

$376.69M

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Velocity Financial Revenue by Period

Velocity Financial Revenue by Year

DateRevenueChange
2023-12-31$376.69M304.71%
2022-12-31$93.08M22.66%
2021-12-31$75.88M15.03%
2020-12-31$65.97M21.57%
2019-12-31$54.26M19.00%
2018-12-31$45.60M35.56%
2017-12-31$33.64M36.49%
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

DateRevenueChange
2024-09-30--100.00%
2024-06-30$107.09M8.60%
2024-03-31$98.61M5.24%
2023-12-31$93.69M135.26%
2023-09-30$39.83M13.54%
2023-06-30$35.08M6.03%
2023-03-31$33.08M16.40%
2022-12-31$28.42M18.22%
2022-09-30$24.04M-7.74%
2022-06-30$26.06M79.08%
2022-03-31$14.55M-31.91%
2021-12-31$21.37M4.55%
2021-09-30$20.44M-0.84%
2021-06-30$20.61M53.15%
2021-03-31$13.46M-35.69%
2020-12-31$20.93M28.43%
2020-09-30$16.30M20.00%
2020-06-30$13.58M-8.42%
2020-03-31$14.83M-8.80%
2019-12-31$16.26M29.64%
2019-09-30$12.54M5.58%
2019-06-30$11.88M-12.57%
2019-03-31$13.59M27.10%
2018-12-31$10.69M-10.02%
2018-09-30$11.88M-0.50%
2018-06-30$11.94M-4.90%
2018-03-31$12.55M1.58%
2017-12-31$12.36M-

Velocity Financial generated - in revenue during Q3 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

TickerCompanyLast Year RevenueLast Quarter Revenue
COOPMr. Cooper Group$1.79B$424.00M
PFSIPennyMac Financial Services$1.40B$411.83M
UWMCUWM$1.31B$622.41M
ECPGEncore Capital Group$1.22B$340.79M
OCNOcwen Financial$1.07B$239.10M
CNFCNFinance$837.68M$245.79M
GHLDGuild Company$718.13M$159.26M
VELVelocity Financial$376.69M-
SNFCASecurity 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 Q3 2024 was $0, a -100.00% decrease from the previous quarter (Q2 2024), and a -100.00% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $107.09M, a 8.60% increase from the previous quarter (Q1 2024), and a 205.31% increase year-over-year (Q2 2023). VEL'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).

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%.