Every 10-Q that Velocity Financial, Inc. (VEL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VEL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VEL filings page.
Velocity Financial, Inc., a lender focused on investor real estate loans, reported net income attributable to the company of $25,163 (in thousands) for the quarter ended June 30, 2026, versus $25,997 (in thousands) a year earlier. Diluted earnings per share were $0.64 compared with $0.69.
For the first six months of 2026, net income attributable to the company was $47,526 (in thousands) and diluted EPS was $1.21. Quarterly interest income rose to 160,986 (in thousands) from 135,567, and net interest income increased to 48,890 from 47,586, while other operating income grew to 47,078 from 39,847.
Total operating expenses for the quarter increased to 59,753 (in thousands), driven by higher compensation, loan servicing, and real estate owned costs. As of June 30, 2026, total assets were 7,963,130 (in thousands) and total equity 725,164. During the first half, the company issued unsecured senior notes and sold a pool of nonperforming loans into the 2026-MC2 Trust, receiving gross proceeds of $107.2 million, repaying $91.9 million of indebtedness, and recognizing a $754 thousand gain.
Velocity Financial, Inc. reported higher first-quarter 2026 results, driven by loan growth and fair-value gains. Net income attributable to the company rose to $22.4 million from $18.9 million a year earlier, with diluted EPS at $0.57 versus $0.51. Interest income increased to $153.1 million, while net interest income improved to $43.9 million despite higher portfolio and corporate funding costs.
Total assets reached $7.59 billion, supported by a larger loan book of $7.11 billion. Credit quality remained relatively stable, with nonaccrual amortized-cost loans at about $241.2 million and an allowance for credit losses of $4.9 million. Stockholders’ equity attributable to Velocity grew to $693.3 million, or $696.4 million including noncontrolling interests.
During the quarter, the company issued $500.0 million of 9.375% unsecured senior notes due 2031, using proceeds to repay its prior $215.0 million term loan and reduce warehouse borrowings. This shifted funding toward unsecured debt while maintaining access to multiple warehouse and repurchase facilities.
Velocity Financial (VEL) reported stronger results for the quarter ended September 30, 2025. Net income rose to $25.4 million from $15.8 million a year ago, and diluted EPS increased to $0.65 from $0.44. Net interest income improved to $49.1 million from $35.1 million, reflecting higher interest income against portfolio and corporate funding costs. Other operating income was $37.1 million, driven by a $31.0 million unrealized gain on fair value loans and offset by losses on securitized debt and mortgage servicing rights.
Operating expenses increased to $50.4 million from $34.6 million, with higher compensation, servicing, securitization, and real estate owned costs. The provision for credit losses was $0.4 million versus a small reversal last year. On the balance sheet, total assets expanded to $7.0 billion from $5.5 billion at December 31, 2024, with loans at fair value at $4.37 billion. Total equity rose to $637.5 million from $520.2 million. Cash and equivalents were $99.0 million, and shares outstanding were 38,900,030 as of October 31, 2025.