VEL Stock Cash Flow Statements

Velocity Financial Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Velocity Financial Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31

cash flows from operating activities:
net income	26,170,000	18,648,000	15,617,000	14,711,000	17,333,000	17,167,000	12,168,000	12,222,000	10,736,000	8,227,000	10,290,000			8,353,000	8,022,000	9,453,000	3,396,000	9,576,000	3,481,000	2,141,000	2,579,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	132,000	138,000	283,000	185,000	182,000	185,000	186,000	186,000	195,000	191,000	204,000	195,000	206,000	236,000	280,000	302,000	301,000	301,000	312,000	303,000	303,000
amortization of right-of-use assets	206,000	469,000	332,000	372,000	344,000	570,000	333,000	332,000	310,000	341,000	315,000	334,000	330,000	407,000	320,000	198,000	367,000	311,000	307,000	310,000	299,000
benefit from credit losses	1,598,000	1,872,000	-68,000
origination of loans held for sale	-40,923,000	-4,886,000				0	-18,948,000	0	-19,088,000	-15,136,000								0	0	3,000	-96,067,000
proceeds from sales of loans held for sale						6,001,000	0	18,081,000	1,735,000									0	0	0	80,858,000
net accretion of discount on purchased loans and amortization of deferred loan origination costs	1,037,000	954,000	1,007,000	1,228,000	1,082,000		1,317,000	1,274,000	1,172,000
benefit from uncollectible borrower advances			51,000										50,000		123,000	-214,000	261,000	353,000	344,000	75,000	99,000
gain on disposition of loans			-43,000	-252,000	-539,000	-79,000	155,000	-222,000	-680,000	873,000	237,000	-555,000	-4,254,000	-2,031,000	-147,000	-2,006,000	-2,592,000	-4,702,000	563,000
real estate acquired through foreclosure in excess of recorded investment	-5,141,000	-2,834,000	-2,248,000	-2,914,000	-1,160,000	-1,403,000	-3,761,000	-1,015,000	-1,233,000	-1,264,000	-636,000	-1,222,000	-286,000	-326,000	-159,000	-385,000	-247,000	-154,000			-346,000
amortization of debt issuance discount and costs	2,449,000	2,894,000	3,129,000	3,055,000	3,284,000	3,440,000	4,570,000	5,335,000	5,279,000	5,767,000	5,571,000	4,864,000	12,092,000	6,136,000	3,932,000	3,753,000	6,403,000	3,349,000	3,945,000	2,687,000	6,175,000
change in valuation of real estate owned	2,150,000	2,073,000	1,642,000	539,000	1,722,000	1,417,000	816,000	492,000	1,178,000	88,000	369,000	142,000	-235,000	140,000	384,000	800,000	435,000	-10,000	528,000	648,000	568,000
change in valuation of fair value loans	-29,906,000	-34,836,000	-35,530,000	-17,124,000	-18,925,000	-39,367,000	2,011,000	-3,140,000	-7,354,000	-7,796,000	-453,000	-6,000	-10,000	-11,000	0	-20,000	2,000	-31,000	-379,000	13,000	-45,000
change in valuation of mortgage servicing rights	142,000	1,081,000	993,000	373,000	-444,000	1,208,000	-341,000	-302,000	95,000	630,000	-1,430,000	-776,000	-510,000
change in valuation of fair value securitized debt	7,584,000	13,682,000	24,996,000	4,643,000	2,318,000	24,085,000	-9,692,000
gain on sale of real estate owned	-790,000	-300,000			-286,000	-456,000	-151,000	160,000	-121,000	-140,000	-1,179,000	-1,300,000	-320,000	-169,000	-78,000	26,000	-188,000	8,000	-257,000	-346,000	-49,000
stock-based compensation	2,029,000	1,970,000	1,574,000	1,565,000	1,371,000	923,000	1,179,000	1,026,000	1,000,000	933,000	931,000	810,000	669,000	564,000	565,000	545,000	485,000	253,000	252,000	253,000	207,000
hedging activities	-1,852,000	-1,552,000	-6,385,000
deferred tax expense	-867,000	2,963,000	-11,752,000	168,000	480,000	-1,634,000	1,174,000	664,000	2,490,000	-695,000	10,858,000	1,281,000	127,000
change in operating assets and liabilities:
accrued interest and other receivables	-3,146,000	-5,004,000	1,986,000	-6,015,000	456,000	-8,491,000	-1,655,000	-789,000	-2,458,000	-2,468,000	-3,273,000	190,000	-1,870,000	-2,244,000	-567,000	-3,276,000	2,800,000	-54,000	-1,109,000	-5,528,000	1,088,000
other assets	-6,589,000	430,000	4,081,000	-5,180,000	-286,000	2,182,000	1,085,000	4,148,000	946,000	4,552,000	-7,713,000	-4,024,000	-858,000	150,000	569,000	-151,000	-930,000	9,186,000	-4,137,000	1,176,000	-2,151,000
accounts payable and accrued expenses	7,610,000	5,147,000	2,317,000	12,021,000	2,660,000	18,198,000	-310,000	10,764,000	-6,960,000	12,824,000	-4,245,000	-11,730,000	589,000	2,559,000	7,442,000	3,314,000	3,137,000	2,613,000	5,289,000	2,723,000	433,000
net cash from operating activities	7,662,000	3,536,000	-17,571,000	11,472,000	10,581,000	26,159,000	-9,753,000	44,357,000	-11,928,000	40,018,000	-4,444,000	1,264,000	11,836,000	18,048,000	18,678,000	10,472,000	10,424,000	17,528,000	13,624,000	22,374,000	1,366,000
capex	-78,000	-80,000	-65,000	-84,000	-41,000	-108,000	-24,000	0	-48,000	-53,000	-56,000	-151,000	-66,000	-31,000	-2,000	-53,000	-49,000	-2,000	-42,000	-57,000	-625,000
free cash flows	7,584,000	3,456,000	-17,636,000	11,388,000	10,540,000	26,051,000	-9,777,000	44,357,000	-11,976,000	39,965,000	-4,500,000	1,113,000	11,770,000	18,017,000	18,676,000	10,419,000	10,375,000	17,526,000	13,582,000	22,317,000	741,000
cash flows from investing activities:
purchase of loans held for investment			-1,096,000	-3,523,000	-11,591,000	-2,860,000	-2,417,000			-1,234,000	-11,976,000	-392,000	-4,629,000	-11,174,000	-5,922,000			0	0	0	-3,571,000
origination of loans held for investment	-684,465,000	-635,537,000	-457,829,000	-422,225,000	-378,671,000	-351,644,000	-271,633,000	-258,646,000	-197,888,000	-263,878,000	-442,417,000	-447,564,000	-585,713,000	-503,229,000	-344,301,000	-260,013,000	-236,484,000	-181,810,000	-8,197,000	0	-153,600,000
proceeds from sales of loans originally classified as held for investment			978,000	34,154,000	15,072,000	0	-4,000	0	21,489,000	68,412,000	0	76,720,000	147,340,000	36,670,000	-174,925,000	216,118,000	57,924,000
payoffs of loans held for investment and loans at fair value	225,918,000	228,322,000	178,876,000					121,643,000	99,780,000	106,731,000	132,847,000	155,881,000	146,217,000	141,613,000	344,368,000	-41,333,000	124,189,000	99,805,000	78,168,000	60,614,000	103,384,000
proceeds from sale of real estate owned	14,518,000	8,019,000	3,842,000	10,215,000	5,741,000	2,769,000	9,567,000	7,290,000	2,121,000	3,929,000	9,274,000	4,664,000	4,630,000	2,178,000	3,383,000	1,134,000	2,942,000	1,602,000	3,040,000	1,625,000	1,202,000
capitalized improvement on real estate held for sale	0	-19,000
change in advances	-425,000	-1,859,000	-1,778,000	-1,640,000	-1,503,000	-5,347,000	1,450,000	-1,738,000	2,596,000	-6,667,000	-85,000	1,531,000	-193,000	-3,832,000	-930,000	-119,000	-548,000	-3,437,000	-2,718,000	-1,808,000	-746,000
change in impounds and deposits	3,334,000	-259,000	-1,480,000	1,955,000	-640,000	7,813,000	2,057,000	-1,034,000	372,000	3,587,000	1,227,000	-2,660,000	-1,244,000	7,308,000	1,727,000	1,787,000	-1,620,000	-1,111,000	635,000	-5,378,000	2,011,000
purchase of property and equipment	-78,000	-80,000	-65,000	-84,000	-41,000	-108,000	-24,000	0	-48,000	-53,000	-56,000	-151,000	-66,000	-31,000	-2,000	-53,000	-49,000	-2,000	-42,000	-57,000	-625,000
proceeds from sale of property and equipment			0	0	640,000
purchase of mortgage servicing rights			-1,180,000
net cash from investing activities	-441,198,000	-401,413,000	-279,732,000	-196,837,000	-212,444,000	-223,942,000	-148,181,000	-141,031,000	-71,578,000	-89,173,000	-311,186,000	-214,221,000	-293,658,000		-176,651,000	-85,988,000	-53,656,000	14,400,000	70,635,000	54,768,000	-52,064,000
cash flows from financing activities:
warehouse repurchase facilities advances	662,395,000	819,529,000	631,862,000	404,765,000	329,011,000		290,232,000	216,246,000	246,792,000		393,457,000	343,311,000	607,760,000	498,366,000	303,575,000	217,397,000	196,633,000	152,657,000	17,123,000	0	250,416,000
warehouse repurchase facilities repayments	-901,112,000	-597,740,000	-434,703,000	-527,899,000	-303,686,000		-310,904,000	-278,174,000	-279,579,000		-262,248,000	-560,066,000	-483,600,000	-455,312,000	-196,730,000	-269,071,000	-68,261,000	-96,275,000	-158,740,000	-136,932,000	-374,732,000
proceeds from secured financing			0	0	74,311,000					0	0	0	215,000,000	0	0	35,000,000	140,000,000
proceeds of securitized debt	918,977,000	415,680,000	286,965,000	488,711,000	229,368,000	200,750,000	312,638,000
repayment of securitized debt	-231,018,000	-262,319,000	-198,839,000	-160,419,000	-126,568,000	-104,827,000	-137,479,000
debt issuance costs	-790,000	-253,000	-384,000	-394,000	-2,326,000	-936,000	-753,000			-2,494,000	-3,801,000	-9,215,000	-10,084,000	-8,043,000	-3,905,000	-4,117,000	-10,959,000	-317,000	-3,284,000
deferred stock issuance costs	-355,000	-24,000
proceeds from issuance of common stock related to warrants exercised
proceeds from issuance of common stock
purchase of treasury stock			0	-266,000	-1,284,000	-24,000	0	-1,000	-836,000	0	0	0	-458,000
distribution to non-controlling interest			-185,000			0	0	-120,000	-160,000
net cash from financing activities	456,264,000	401,508,000	284,905,000	205,979,000	198,981,000	212,614,000	154,257,000	91,414,000	77,483,000	70,306,000	301,068,000	220,958,000	281,684,000	324,661,000	167,394,000	83,936,000	50,181,000	-38,666,000	-73,766,000	-72,736,000	35,278,000
net increase in cash, cash equivalents, and restricted cash	22,728,000	3,631,000	-12,398,000							21,151,000	-14,562,000	8,001,000	-138,000	2,521,000	9,421,000	8,420,000	6,949,000				-15,420,000
cash, cash equivalents, and restricted cash at beginning of period	0	70,830,000	0	0	61,927,000		0	0	62,056,000		0	0	47,604,000		0	0	20,293,000		0	0	27,552,000
cash, cash equivalents, and restricted cash at end of period	22,728,000	74,461,000	-12,398,000	20,614,000	59,045,000		-3,677,000	-5,260,000	56,033,000		-14,562,000	8,001,000	47,466,000		9,421,000	8,420,000	27,242,000		10,493,000	4,406,000	12,132,000
benefit from (reversal of) uncollectible borrower advances		627,000				278,000	-62,000
proceeds from issuance of common stocks		28,797,000	189,000	1,501,000	155,000		523,000
tax withholding related to vesting of equity awards		-2,162,000
reversal of loan repurchase reserve
gain on disposal of property and equipment				0	-9,000
(gain) loss on sale of real estate owned
benefit from loan losses					1,002,000		155,000	297,000	636,000				730,000				105,000	406,000	1,574,000	1,798,000	1,290,000
reversal of uncollectible borrower advances					-4,000
payoffs of loans held for investment					158,549,000
net decrease in cash, cash equivalents, and restricted cash					-2,882,000				-6,023,000										10,493,000
benefit from (reversal of) loan losses										-437,000	580,000
purchase of held for sale loans														-745,000	0	1,195,000	-1,950,000	0	-1,029,000	0	-203,000
repayments on loans held for sale														2,657,000	5,000	132,000	-121,000	-435,000	1,007,000	9,856,000	8,987,000
net accretion of discount on purchased loans and deferred loan origination costs										1,315,000	1,713,000	2,054,000	1,927,000			1,724,000	1,368,000	1,299,000	1,023,000	941,000	1,324,000
loss on disposal of property and equipment										0	-11,000			0	0	17,000	1,000	1,000	3,000	0	38,000
change in valuation of held for sale loans														-2,000	-13,000	15,000	-17,000	17,000	-1,306,000	921,000	40,000
payments of loans held for investment and loans at fair value
purchase of real estate owned										0	0
capitalized real estate owned improvements														-116,000	-49,000	-19,000	-10,000	-248,000	-251,000	-228,000	-119,000
proceeds from sale of investments
acquisition of century, net of cash acquired
warehouse and repurchase facilities advances
warehouse and repurchase facilities repayments
repayment of secured financing										0	0	0	-170,844,000	-1,093,000	-1,094,000	-1,094,000	-78,875,000	0	0	0	-75,000,000
issuance of common stock														0				0	0	0	100,800,000
cash, cash equivalents, and restricted cash at beginning of year
cash, cash equivalents, and restricted cash at end of year
(reversal of) benefit from repurchase of loans
benefit from repurchase of loans									39,000			7,000	228,000
(reversal of) benefit from uncollectible borrower advances									-15,000		-218,000
change in valuation of fair value securitizations									170,000
proceeds of securitizations									197,487,000	187,988,000	302,861,000	610,169,000	268,967,000	521,494,000	204,910,000			18,692,000	176,069,000	93,235,000	248,691,000
repayment of securitizations									-86,221,000	-106,121,000	-129,201,000	-163,241,000	-145,057,000	-230,584,000	-139,106,000	-145,453,000	-128,357,000	-113,423,000	-104,933,000	-70,402,000	-109,566,000
net proceeds from issuance of preferred stock																		0	-1,000
proceeds from issuance of warrants																		0	0
ipo deal costs																		0	0	0	-1,903,000
increase in operating assets and liabilities:
net income including noncontrolling interest													3,231,000
benefit from held for sale loan losses
proceeds from insurance related to real estate owned
net cash from (provided by) investing activities
repurchase of class c preferred units
preferred stock issuance costs
(reversal of) benefit from loan losses															227,000
accretion and amortization of loan costs
net deferred tax benefit															-3,831,000	-3,950,000	-2,592,000			4,555,000	-1,790,000
stock issuance costs
net deferred tax expense
supplemental cash flow information:
cash paid during the period for interest																				20,791,000	22,033,000
cash paid during the period for income taxes
noncash transactions from investing and financing activities:
transfer of loans held for investment to real estate owned																				1,028,000	4,352,000
return paid-in-kind on class c preferred units
return paid-in-kind on class d preferred units
deferred ipo costs charged against additional paid-in capital																				0	-4,000,000
discount (premium) on issuance of securitizations
gain on sale of loans																					-2,271,000
debt issuance cost																					-3,428,000
interest paid in kind on secured financing
loss on disposal of property & equipment
proceeds from sales of loans
proceeds from insurance related real estate owned
issuance of class d preferred units
redemption of class c preferred units
tax distributions
cash paid during the year for interest
cash paid during the year for income taxes
transfer of loans held for investment to loans held for sale

We provide you with 20 years of cash flow statements for Velocity Financial stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Velocity Financial stock. Explore the full financial landscape of Velocity Financial stock with our expertly curated income statements.

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