Company / Net Income
Velocity Financial, Inc. Net Income History
FY2018-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
$17.3M
FY2024
5-year range
$17.3M / $52.3M
FY2020-FY2024
Trend
-67.0%
vs FY2023
Sector context
#361 of 404
Financials
What the data says
Velocity Financial, Inc.'s net income of $17M is lower than 89% of companies in the Financials sector (FY2024). Declined from $32M to $17M over the past 2 years.
Based on SEC 10-K filings.
$17M in FY2024 with a 5-year CAGR of -0.0%.
Declined from $32M to $17M over the past 2 years.
Financials sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- -16.1%
- 5-Year CAGR
- -0.0%
- 10-Year CAGR
- -
Sector benchmark
Bottom 11% in FinancialsTop 89% of 404This company $17.3M Sector average $1.6B
▼
-98.9% below sector average
Key checks
Key Insights
- 5-year CAGR of -0.0%, indicating a declining trend.
- In FY2024, net income decreased 67.0% year-over-year.
- Ranks #361 out of 404 companies in the Financials sector.
- Peak net income was recorded in FY2023.
Annual data
| Year | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $17.3M | -67.0% |
| FY2023 | $52.3M | +62.3% |
| FY2022 | $32.2M | +10.2% |
| FY2021 | $29.2M | +64.4% |
| FY2020 | $17.8M | +2.8% |
| FY2019 | $17.3M | +126.6% |
| FY2018 | $7.6M | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026