Velocity Financial
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Velocity Financial's past years’ income statements indicate that its last revenue has increased compared to the previous period by 42% to $131,717,999. The net income raised on $52,273,000 and profit margin reached 40%. Total operating expenses were $54,870,000.
Profit Margin
| 2014 | 26.49M | -6.30M | -23.79% |
|---|---|---|---|
| 2015 | 56.49M | 7.15M | 12.66% |
| 2016 | 24.64M | 6.79M | 27.58% |
| 2017 | 33.63M | 13.98M | 41.59% |
| 2018 | 45.60M | 10.54M | 23.13% |
| 2019 | 54.26M | 17.29M | 31.87% |
| 2020 | 65.96M | 17.77M | 26.95% |
| 2021 | 75.87M | 29.22M | 38.51% |
| 2022 | 93.07M | 32.21M | 34.61% |
| 2023 | 131.71M | 52.27M | 39.69% |
VEL Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 131.71M | 93.07M | 75.87M | 65.96M | 54.26M | 45.60M | 33.63M | 24.64M | 56.49M | 26.49M |
Cost of revenue | 0 | 12.73M | 13.40M | 12.79M | 9.86M | 0 | 6.09M | 0 | 3.13M | 1.79M |
Gross profit | 131.71M | 80.34M | 62.47M | 53.16M | 44.39M | 45.60M | 27.54M | 24.64M | 53.36M | 24.7M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 50.27M | 1.42M | 661K | 578K | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 54.87M | 59.66M | -36.08M | -42.83M | -28.86M | 49.56M | 41.64M | 32.97M | 10.24M | 7.44M |
Operating income | 76.84M | 171.96M | 39.79M | 23.12M | 25.39M | 95.16M | 75.28M | 57.62M | 43.11M | 17.25M |
Other income (expenses), net | -5.72M | -127.41M | 31.60M | -20.11M | 22.74M | -75.91M | -8.43M | -50.82M | -35.58M | -23.55M |
Income before tax | 71.12M | 44.55M | 39.79M | 23.12M | 25.39M | 19.24M | 13.98M | 6.79M | 7.15M | -6.30M |
Income tax expense | 18.83M | 12.03M | 10.56M | 5.35M | 8.10M | 8.7M | 76.30M | 0 | 0 | 0 |
Net income | 52.27M | 32.21M | 29.22M | 17.77M | 17.29M | 10.54M | 13.98M | 6.79M | 7.15M | -6.30M |
Earnings per share | ||||||||||
Basic EPS | 1.6 | 0.99 | 1.28 | 0.88 | 0.86 | 0.9 | 1.19 | 0.58 | 0.36 | -0.31 |
Diluted EPS | 1.49 | 0.93 | 0.86 | 0.88 | 0.86 | 0.9 | 1.19 | 0.58 | 0.36 | -0.31 |
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