Velocity Financial, Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
View on SEC.govAbout 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$17.65+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity
($ in thousands, except share data)
| Common Stock - Number of Shares · Stockholders' Equity | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares Issued | Treasury Shares | Shares Outstanding | Common Stock | AdditionalPaid-inCapital | RetainedEarnings | Treasury Stock, at Cost | Accumulated Other Comprehensive Income (Loss), Net of Tax | TotalStockholders'Equity | Noncontrolling Interest | Total Equity | |
| Balance – December 31, 2023 | 32,987,248 | (121,412) | 32,865,836 | $331 | $306,736 | $128,906 | $(1,319) | $(1,210) | $433,444 | $3,429 | $436,873 |
| Issuance of common stock | 9,537 | — | 9,537 | 3 | 152 | — | — | — | 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 expenses | 189,679 | — | 189,679 | — | 1,371 | — | — | — | 1,371 | — | 1,371 |
| Net income | — | — | — | — | — | 17,251 | — | — | 17,251 | 82 | 17,333 |
| Other comprehensive income | — | — | — | — | — | — | — | 2,004 | 2,004 | — | 2,004 |
| Balance – March 31, 2024 | 33,186,464 | (200,670) | 32,985,794 | $334 | $308,259 | $146,157 | $(2,603) | $794 | $452,941 | $3,511 | $456,452 |
| Issuance of common stock | 127,733 | — | 127,733 | 1 | 1,500 | — | — | — | 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 | — | — | — | — | — | — | — | 804 | 804 | — | 804 |
| Balance – June 30, 2024 | 33,314,197 | (215,562) | 33,098,635 | $335 | $311,324 | $160,935 | $(2,869) | $1,598 | $471,323 | $3,424 | $474,747 |
| Balance – December 31, 2024 | 33,761,147 | (215,562) | 33,545,585 | $339 | $322,954 | $197,325 | $(2,869) | $(805) | $516,944 | $3,271 | $520,215 |
| Issuance of common stock | 1,569,255 | — | 1,569,255 | 20 | 28,522 | — | — | — | 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 expenses | 385,503 | — | 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, 2025 | 35,715,905 | (331,158) | 35,384,747 | $359 | $353,446 | $216,212 | $(5,031) | $(1,799) | $563,187 | $3,032 | $566,219 |
| Issuance of common stock | 3,154,630 | — | 3,154,630 | 31 | 13,052 | — | — | — | 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 expenses | 17,292 | — | 17,292 | — | 2,029 | — | — | — | 2,029 | — | 2,029 |
| Distribution to non-controlling interest | — | — | — | — | — | — | — | — | — | (47) | (47) |
| Net income | — | — | — | — | — | 25,997 | — | — | 25,997 | 173 | 26,170 |
| Other comprehensive loss | — | — | — | — | — | — | — | (1,408) | (1,408) | — | (1,408) |
| Balance – June 30, 2025 | 38,887,827 | (598,740) | 38,289,087 | $390 | $368,527 | $242,209 | $(10,024) | $(3,207) | $597,895 | $3,158 | $601,053 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.