Skip to main content

Velocity Financial, Inc.

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 8, 2025

VEL$17.65+0.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Consolidated Statements of Changes in Stockholders’ Equity

($ in thousands, except share data)

Common Stock - Number of Shares · Stockholders' Equity
Shares IssuedTreasury SharesShares OutstandingCommon StockAdditionalPaid-inCapitalRetainedEarningsTreasury Stock, at CostAccumulated Other Comprehensive Income (Loss), Net of TaxTotalStockholders'EquityNoncontrolling InterestTotal Equity
Balance – December 31, 202332,987,248(121,412)32,865,836$331$306,736$128,906$(1,319)$(1,210)$433,444$3,429$436,873
Issuance of common stock9,537—9,5373152———155—155
Shares surrendered for tax withholding on vested awards—(79,258)(79,258)———(1,284)—(1,284)—(1,284)
Restricted stock awarded and stock-based compensation expenses189,679—189,679—1,371———1,371—1,371
Net income—————17,251——17,2518217,333
Other comprehensive income———————2,0042,004—2,004
Balance – March 31, 202433,186,464(200,670)32,985,794$334$308,259$146,157$(2,603)$794$452,941$3,511$456,452
Issuance of common stock127,733—127,73311,500———1,501—1,501
Shares surrendered for tax withholding on vested awards—(14,892)(14,892)———(266)—(266)—(266)
Restricted stock awarded and stock-based compensation expenses————1,565———1,565—1,565
Distribution to non-controlling interest—————————(20)(20)
Net income (loss)—————14,778——14,778(67)14,711
Other comprehensive income———————804804—804
Balance – June 30, 202433,314,197(215,562)33,098,635$335$311,324$160,935$(2,869)$1,598$471,323$3,424$474,747
Balance – December 31, 202433,761,147(215,562)33,545,585$339$322,954$197,325$(2,869)$(805)$516,944$3,271$520,215
Issuance of common stock1,569,255—1,569,2552028,522———28,542—28,542
Shares surrendered for tax withholding on vested awards—(115,596)(115,596)———(2,162)—(2,162)—(2,162)
Restricted stock awarded and stock-based compensation expenses385,503—385,503—1,970———1,970—1,970
Net income (loss)—————18,887——18,887(239)18,648
Other comprehensive loss———————(994)(994)—(994)
Balance – March 31, 202535,715,905(331,158)35,384,747$359$353,446$216,212$(5,031)$(1,799)$563,187$3,032$566,219
Issuance of common stock3,154,630—3,154,6303113,052———13,083—13,083
Purchase of treasury stock—(258,828)(258,828)———(4,848)—(4,848)—(4,848)
Shares surrendered for tax withholding on vested awards—(8,754)(8,754)———(145)—(145)—(145)
Restricted stock awarded and stock-based compensation expenses17,292—17,292—2,029———2,029—2,029
Distribution to non-controlling interest—————————(47)(47)
Net income—————25,997——25,99717326,170
Other comprehensive loss———————(1,408)(1,408)—(1,408)
Balance – June 30, 202538,887,827(598,740)38,289,087$390$368,527$242,209$(10,024)$(3,207)$597,895$3,158$601,053
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.