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Velocity Financial (Velocity Financial) Pre-Tax Income : $79.6 Mil (TTM As of Mar. 2024)


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What is Velocity Financial Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Velocity Financial's pretax income for the three months ended in Mar. 2024 was $23.2 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was $79.6 Mil. Velocity Financial's pretax margin was 46.08%.

During the past 8 years, Velocity Financial's highest Pretax Margin was 51.35%. The lowest was 27.58%. And the median was 43.90%.


Velocity Financial Pre-Tax Income Historical Data

The historical data trend for Velocity Financial's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Velocity Financial Pre-Tax Income Chart

Velocity Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
Get a 7-Day Free Trial 25.40 23.13 39.79 44.55 71.13

Velocity Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.76 16.82 17.24 22.31 23.24

Competitive Comparison of Velocity Financial's Pre-Tax Income

For the Mortgage Finance subindustry, Velocity Financial's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Velocity Financial's Pre-Tax Income Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Velocity Financial's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Velocity Financial's Pre-Tax Income falls into.



Velocity Financial Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Velocity Financial's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Other
=0+71.127
=71.1

Velocity Financial's Pretax Income for the quarter that ended in Mar. 2024 is calculated as

Pretax Income=Operating Income+Other
=0+23.236
=23.2

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $79.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Velocity Financial  (NYSE:VEL) Pre-Tax Income Explanation

Velocity Financial's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=23.236/50.425
=46.08%

During the past 8 years, Velocity Financial's highest Pretax Margin was 51.35%. The lowest was 27.58%. And the median was 43.90%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Velocity Financial Pre-Tax Income Related Terms

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Velocity Financial (Velocity Financial) Business Description

Traded in Other Exchanges
N/A
Address
30699 Russell Ranch Road, Suite 295, Westlake Village, CA, USA, 91362
Velocity Financial Inc is a United States-based real estate finance company. The company primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.
Executives
Omar Maasarani director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
John Pitstick director 30699 RUSSELL RANCH ROAD, SUITE 250, WESTLAKE VILLAGE CA 91362
Fiona Tam officer: Chief Accounting Officer 30699 RUSSELL RANCH RD, STE. 295, WESTLAKE VILLAGE CA 91362
Lvs Iii Holding Lp director, 10 percent owner C/O PACIFIC INVESTMENT MGMT. COMPANY LLC, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Tobi Iii Spe I Llc director, 10 percent owner C/O PACIFIC INVESTMENT MGMT. COMPANY LLC, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Pacific Investment Management Co Llc director, 10 percent owner 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Katherine Verner director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Michael Chiao director 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Roland Thomas Kelly officer: General Counsel 1551 CALLE PATRICIA, PACIFIC PALISADES CA 90272
Jeffrey T. Taylor officer: See Remarks 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Christopher D. Farrar director, officer: Chief Executive Officer 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Dorika M Beckett director 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Mark R Szczepaniak officer: Chief Financial Officer C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Christopher J Oltmann officer: Chief Accounting Officer C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Graham M Comley officer: See Remarks C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362

Velocity Financial (Velocity Financial) Headlines

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