Company / Income Tax
Velocity Financial, Inc. Income Tax History
FY2018-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$5.9M
FY2024
5-year range
$5.4M / $18.8M
FY2020-FY2024
Trend
-68.7%
vs FY2023
Sector context
#336 of 392
Financials
What the data says
Velocity Financial, Inc.'s income tax of $6M is lower than 86% of companies in the Financials sector (FY2024). Improved from $12M to $6M over the past 2 years.
Based on SEC 10-K filings.
$6M in FY2024 with a 5-year CAGR of -6.1%.
Improved from $12M to $6M over the past 2 years.
Financials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -17.6%
- 5-Year CAGR
- -6.1%
- 10-Year CAGR
- -
Sector benchmark
Top 14% in FinancialsTop 14% of 392This company $5.9M Sector average $321.5M
▼
-98.2% below sector average
Key checks
Key Insights
- 5-year CAGR of -6.1%, indicating a declining trend.
- In FY2024, income tax decreased 68.7% year-over-year.
- Ranks #336 out of 392 companies in the Financials sector.
- Peak income tax was recorded in FY2023.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $5.9M | -68.7% |
| FY2023 | $18.8M | +56.5% |
| FY2022 | $12.0M | +13.9% |
| FY2021 | $10.6M | +97.5% |
| FY2020 | $5.4M | -34.0% |
| FY2019 | $8.1M | -30.2% |
| FY2018 | $11.6M | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026