VEL FINANCIAL STATEMENTS

Velocity Financial Llc — balance sheet, income statement and cash flow trends

VELVelocity Financial Llc

🇺🇸 USA · NYSE · Financial Services · Mortgage Finance

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue688.6 M $+44.1%

Gross Profit472.1 M $+94.0%

Operating Income375.7 M $+164.0%

EBITDA361.6 M $+43.7%

Net Income108.5 M $+56.0%

Peer Comparison· Mortgage Finance

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
VEL	—	—	—	15.8%
NWG	—	—	—	20.1%
TSKB	—	—	—	54.9%
VERUS	-45.9%	-3.2%	83.3%	-66.7%
STAN	—	—	—	11.8%
LSEG	—	—	—	13.4%
Industry median	—	—	—	5.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity693.3 M $9%
Current Liabilities271.1 M $4%
Long-term Liabilities6.6 B $87%

Key Figures

YoY change

Total Assets7.6 B $+27.1%

Total Liabilities6.9 B $+27.6%

Total Equity693.3 M $+23.1%

Cash & ST Investments87.1 M $+68.5%

Total Debt6.7 B $+28.0%

Net Debt6.6 B $+27.6%

Peer Comparison· Mortgage Finance

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
VEL	0.60	969.5%	18.35	9.1%
NWG	0.25	17.0%	-14.68	5.2%
TSKB	—	0.0%	-0.47	13.4%
VERUS	3.82	14.0%	-5.71	82.6%
STAN	0.13	155.9%	1.55	5.6%
LSEG	229.64	59.2%	1.74	2.5%
Industry median	0.20	397.7%	15.41	13.5%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow26.7 M $-13.2%

Capital Expenditures342 K $-1.2%

Free Cash Flow26.3 M $-13.3%

Dividends Paid——

Peer Comparison· Mortgage Finance

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
VEL	3.9%	3.8%	0.0%	24.6%
NWG	—	—	0.0%	—
TSKB	54.9%	71.9%	17.0%	100.0%
VERUS	-69.7%	-3.2%	5.0%	104.5%
STAN	—	—	0.0%	—
LSEG	38.9%	37.6%	1.3%	290.0%
Industry median	-104.5%	-105.4%	1.1%	-730.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
VEL	—	—	—	15.8%
UWMC	—	—	—	2.1%
WD	—	—	—	5.6%
PFSI	—	—	—	14.3%
Industry median	—	—	—	5.6%