VEL · Velocity Financial, Inc.
$14.77
+0.18 (+1.23%)
At close · Oct 5
Return incl. dividend (before tax)
Market Cap
$606.04M
Shares
39.48M
Volume · Oct 5
84.51K
Avg daily vol (3M)
136.46K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$14.59
Open$14.70
Day$14.37–14.82
52W close$14.59–20.76
Avg vol 30d174K
Short int1.6M · 3.9% float · 13.0d
Short vol60%
Last earningsAug 5, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Nov 4, 2026
Est · unconfirmed
· in 4 wks
filed Aug 6, 2026
call held Aug 5, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
$107.70M
Trailing 12 months
Revenue growth YoY
+10.5%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
5.3
Trailing earnings · reciprocal yield 18.9%
FCF yield
3.7%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$76.11M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+4.0%
Year over year · more shares
Price change (1Y)
-19.0%
Trailing year
Short interest
3.9%
Latest settlement · 13.0 days to cover
AI Brief
Q2 FY26 earnings call · Aug 5, 2026
Q2 FY26
TL;DR. Velocity reported Q2 2026 core net income of $27.9 million and pre-tax income up 3.9% YoY to $35.2 million, while loan portfolio grew 19% YoY to $7.0 billion. Management expects origination volumes to increase in the second half of 2026 and continued above-3.5% portfolio NIM, supported by stronger credit metrics including NPLs falling to 9.6% from 10.3% YoY.
Bullish
- + Loan portfolio grew 19.2% YoY to $7.0 billion with growth across all collateral types
- + Diluted book value per share grew $2.81 YoY to $18.43
Bearish
- − GAAP net income fell 3.2% YoY to $25.2 million and diluted EPS declined to $0.64 from $0.69 on a higher effective tax rate
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Strong Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Excellent
Quant / Vol
Moderate
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−20%
below
Price vs 50-day avg
−16%
below
RSI (14)
17
oversold
MACD trend
Negative
52-week position
0%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−21%
trailing
6-month return
−25%
trailing
YTD return
−30%
this year
Relative strength
−37%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $17 › 200d $18 — 200d above 50d
Institutional flow
Accumulating
1 of 102 funds reported for Sep 30 · net +435 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
3.95% of float · ▲ +0.6% MoM · 13.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
102 holders — mid 3-yr range
Squeeze score
62
elevated · 0–100
Fundamentals
EPS growth
+44%
Y/Y
Free cash flow
$17.9M
Valuation
P/E 5.6
below peers
Quant / Vol
risk profile
Volatility
25%
annualized · 1-yr
Max drawdown
−30%
past year
ATR
3.7%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Mar 31, 2026
Net interest margin
· this year
3.5%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−20%
Bearish
Price vs 50-day avg
−16%
Bearish
RSI (14)
17
Neutral
MACD trend
Negative
Bearish
52-week position
0%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $17 › 200d $18 — 200d above 50d
Institutional flow
Accumulating
1 of 102 funds reported for Sep 30 · net +435 sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
3.95% of float · ▲ +0.6% MoM · 13.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
102 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $15
Now $15 · 0%
Range high $21
vs 200-day avg -20%
vs 50-day avg -16%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Annualized charge-offs rate over average loans held for investment | 0.16% | the three months ended June 30, 2026 filing | — |
| Average debt — portfolio related | 6.42B | Three Months Ended June 30, 2026 filing | — |
| Average debt — total company | 6.99B | Three Months Ended June 30, 2026 filing | — |
| Average loans | 6.93B | Three Months Ended June 30, 2026 filing | — |
| Average outstanding balance | $201.02M | Three Months Ended June 30, 2026 filing | — |
| Average recorded investment of individually evaluated loans | $212.9M | the three months ended June 30, 2026 filing | -26.4% |
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| Average Yield | 9.29% | Three months ended June 30, 2026 filing | -3.7% |
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| Cash basis interest income recognized on nonaccrual loans | $12.2M | the three months ended June 30, 2026 filing | -12.9% |
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| Charge-offs/Average loans held for investment at amortized cost | 0.16% | Three Months Ended June 30, 2026 filing | — |
| Cost of Funds | 6.09% | Three months ended June 30, 2026 filing | -2.4% |
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| Cost of funds — portfolio related | 6.09% | Three Months Ended June 30, 2026 filing | — |
| Cost of funds — total company | 6.41% | Three Months Ended June 30, 2026 filing | — |
| Effective interest rate | 8.07% | Three Months Ended June 30, 2026 filing | — |
| Highest outstanding balance at any month-end | $313.18M | Three Months Ended June 30, 2026 filing | — |
| Loan originations — held for investment (Loan Balance) | 586.32M | Three Months Ended June 30, 2026 filing | — |
| Loan originations — held for investment (Loan Count) | 1,682 | Three Months Ended June 30, 2026 filing | — |
| Nonperforming loans UPB | 178.99M | Three Months Ended June 30, 2026 filing | — |
| Nonperforming loans UPB / Total UPB | 9.9% | Three Months Ended June 30, 2026 filing | — |
| Return on average equity | 14.6% | Three Months Ended June 30, 2026 filing | — |
| Total loan originations (Loan Balance) | 672.58M | Three Months Ended June 30, 2026 filing | — |
| Total loan originations (Loan Count) | 1,685 | Three Months Ended June 30, 2026 filing | — |
| Total UPB | 1.81B | Three Months Ended June 30, 2026 filing | — |
| Allowance for credit losses | $5.1M | as of June 30, 2026 | — |
| Average loan coupons on loans produced over the last five quarters | 10.06% | Q2 2026 | — |
| CECL reserve rate | 0.28% | as of June 30, 2026 | — |
| Charge-offs | -$738K | Three Months Ended June 30, 2026 | — |
| Charge-offs / Total UPB subject to CECL | 0.16% | Three Months Ended June 30, 2026 | — |
| Core diluted earnings per share non-GAAP | $0.71 | Three Months Ended June 30 | — |
| Core pre-tax return on average equity non-GAAP | 21.8% | Three Months Ended June 30 | — |
| Coupon | 9.74% | as of June 30, 2026 | — |
| Diluted book value per common share | $18.43 | Q2 2026 | — |
| Diluted shares at period end | 39.35M | June 30, 2026 | — |
| Liquidity | $240M | as of June 30, 2026 | — |
| Loan count | 18,219 | as of June 30, 2026 | — |
| Loan production | $672.58M | Three Months Ended June 30, 2026 | — |
| Loan-to-value | 64.6% | as of June 30, 2026 | — |
| Net interest margin — portfolio related | 3.66% | Q2 2026 | -4.2% |
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| Net interest margin — total company | 2.82% | Three Months Ended June 30 | -16.8% |
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| Net interest spread — portfolio related | 3.2% | Three Months Ended June 30 | — |
| Net interest spread — total company | 2.88% | Three Months Ended June 30 | — |
| Nonperforming loans as a percentage of HFI loans | 9.6% | as of June 30, 2026 | — |
| NPL resolution recovery rate (Net Gain) | 102.7% | Three Months Ended June 30, 2026 | — |
| NPL resolutions | $90.5M | Q2 2026 | — |
| NPL total recovery rate | 107.7% | Three Months Ended June 30, 2026 | — |
| Operating expense ratio | 28.7% | Three Months Ended June 30, 2026 | — |
| Pre-tax return on average equity | 20% | Three Months Ended June 30 | — |
| Total loan portfolio | $6.99B | as of June 30, 2026 | — |
| Total portfolio yield | 9.29% | as of June 30, 2026 | — |
| Weighted average coupon on HFI loan production | 9.99% | Three Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Mortgage Finance — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
VEL
this stock
Velocity Financial, Inc.
|
$606.04M | -29.7% | — | 5.6 | 3.9% |
|
RKT
Rocket Companies, Inc.
|
$34.46B | -39.6% | +31.2% | — | 4.3% |
|
FNMA
Federal National Mortgage Association Fannie Mae
|
$5.41B | -59.3% | -0.4% | 467.0 | 1.3% |
|
PFSI
PennyMac Financial Services, Inc.
|
$3.40B | -53.0% | +3.1% | 9.0 | 5.8% |
|
FMCC
Federal Home Loan Mortgage Corp
|
$2.70B | -60.8% | -2.7% | — | 1.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VEL | -5.0% | -20.7% | -25.1% | -2.9% | -29.7% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -4.7% | -20.3% | -37.2% | -3.8% | -42.6% |