Velocity Financial, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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.
Sep 30, 2026 · Filed Nov 6, 2026
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 Balance Sheets
(In thousands, except share data)
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Cash and cash equivalents | $86,754 | $92,103 |
| Restricted cash | 22,530 | 157,134 |
| Loans held for sale, at fair value | 26,278 | — |
| Loans held for investment, at amortized cost (net of allowance for credit losses of $5,307 and $4,521 as of September 30, 2026 and December 31, 2025, respectively) | 1,756,120 | 2,028,262 |
| Loans held for investment, at fair value | 5,907,978 | 4,729,869 |
| Total loans, net | 7,690,376 | 6,758,131 |
| Retained securities, at fair value | 29,322 | — |
| Accrued interest receivable | 55,595 | 49,678 |
| Receivables due from servicers | 136,682 | 150,902 |
| Other receivables | 4,324 | 1,897 |
| Real estate owned, net | 154,574 | 118,289 |
| Property and equipment, net | 1,208 | 1,415 |
| Deferred tax asset, net | 14,135 | 22,709 |
| Mortgage servicing rights, at fair value | 16,408 | 12,963 |
| Derivative assets | 3,784 | 66 |
| Goodwill | 6,775 | 6,775 |
| Note receivable, at fair value | 15,320 | — |
| Other assets | 11,785 | 9,451 |
| Total assets | $8,249,572 | $7,381,513 |
| LIABILITIES | ||
| Accounts payable and accrued expenses | $185,555 | $168,314 |
| Secured financing, net | 73,579 | 286,679 |
| Unsecured senior notes, net | 486,918 | — |
| Securitized debt, at amortized cost | 1,476,811 | 1,705,589 |
| Securitized debt, at fair value | 4,720,826 | 4,236,737 |
| Warehouse and repurchase facilities, net | 548,157 | 308,506 |
| Total liabilities | 7,491,846 | 6,705,825 |
| Commitments and contingencies (Note 15) | ||
| EQUITY | ||
| Common stock ($0.01 par value, 100,000,000 shares authorized; 40,359,256 and 39,573,657 shares issued, 39,354,495 and 38,965,317 shares outstanding as of September 30, 2026 and December 31, 2025, respectively) | 405 | 398 |
| Additional paid-in capital | 393,662 | 382,564 |
| Retained earnings | 376,323 | 302,379 |
| Treasury stock, at cost (1,004,761 and 608,340 common shares as of September 30, 2026 and December 31, 2025, respectively) | (17,844) | (10,204) |
| Accumulated other comprehensive income (loss) | 752 | (2,602) |
| Total Velocity Financial, Inc. stockholders' equity | 753,298 | 672,535 |
| Noncontrolling interest in subsidiary | 4,428 | 3,153 |
| Total equity | 757,726 | 675,688 |
| Total liabilities and equity | $8,249,572 | $7,381,513 |
CONSOLIDATED BALANCE SHEETS (CONTINUED)
The following table represents the assets and liabilities of consolidated variable interest entities:
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Restricted cash | $8,893 | $151,827 |
| Loans held for investment, at amortized cost | 1,752,740 | 2,023,030 |
| Loans held for investment, at fair value | 5,060,193 | 4,273,757 |
| Accrued interest and other receivables | 183,416 | 191,313 |
| Real estate owned, net | 140,527 | 114,485 |
| Deferred tax asset, net | 727 | 1,085 |
| Other assets | 8 | 5 |
| Total assets | $7,146,504 | $6,755,502 |
| LIABILITIES | ||
| Accounts payable and accrued expenses | $129,974 | $120,691 |
| Securitized debt | 6,197,637 | 5,942,326 |
| Total liabilities | $6,327,611 | $6,063,017 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.