# Velocity Financial, Inc. (VEL)

> Source: Nexqual · https://nexqual.com/VEL · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Velocity Financial, Inc. (VEL), nexqual.com/VEL" · informational, not investment advice.

**Price:** USD 14.81 (+1.86% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 14.54 · day 14.63–15.2 · 52w 14.18–21.4 · market cap $585M · NYQ

## Key facts
- Valuation: P/E 5.4x (avg 9.7x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (3 analysts), mean target USD 20.83 (range 19–23.5).
- Total return with dividends: 1Y -18.2% vs S&P 500 +18.1%; 5Y +18.8% vs S&P 500 +85.1%.
- Next earnings: 2026-11-05, EPS estimate USD 0.71, revenue estimate $52.9M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $29.2M | $32.2M | $52.3M | $68.4M | $105M | $108M |
| EPS (diluted) | $0.86 | $0.94 | $1.52 | $1.91 | $2.75 | — |
| Free cash flow | $57.5M | $48.3M | $48.7M | $37.5M | $17.9M | $22.5M |
| Cash + short-term investments | $36.0M | $45.2M | $40.6M | $49.9M | $92.1M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 5.4x · P/FCF 26.0x · P/B 0.8x · FCF yield 3.85% · Earnings yield 18.42% · Buyback yield (TTM) 1.28%
P/E at fiscal year-ends: Dec 2025 7.5x, Dec 2024 10.2x, Dec 2023 11.4x.

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 3 analysts; mean target USD 20.83 (low 19, high 23.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | BTIG | Target lowered | Buy | $22 → $20 |
| 2026-08-07 | Wells Fargo | Target lowered | Underweight | $20 → $19 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | -18.2% | +18.8% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -18.2% | +3.5% |
| Volatility (annualized) | 25.4% | 30.4% |
| Max drawdown | -30.0% (Dec 2025→Oct 2026) | -38.9% (Dec 2021→Mar 2023) |

## Peers (Mortgage Finance)
WD (Walker & Dunlop, Inc) USD 33.32 +3.87% · UWMC (UWM Holdings Corporation) USD 1.15 +11.65% · PFSI (PennyMac Financial Services, In) USD 61.19 +3.20% · RKT (Rocket Companies, Inc.) USD 11.07 +2.22%

## More
Full page: https://nexqual.com/VEL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt