Velocity Financial
Originates, securitizes, and manages investor real estate loans across the United States.
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Profile
Originates business-purpose loans secured by residential rental, multifamily, mixed-use, and commercial properties, then funds and manages the portfolio through securitization and other debt facilities. The business is concentrated in the United States and reports as a single segment.
Originates business-purpose investor real estate loans secured mainly by residential rental properties, with additional lending against multifamily, mixed-use, and commercial real estate. Century Health & Housing Capital adds FHA financing and servicing for multifamily, senior housing, and long-term care or assisted-living facilities.
Uses independent mortgage brokers and direct borrower relationships to source loans nationwide, then retains and manages credit exposure through a single U.S. reportable segment. Underwriting discipline, proprietary operating data, customized technology, and active servicing support the model.
Long-term funding depends on securitized debt, warehouse facilities, unsecured or corporate debt, and equity. Results remain tied to real estate conditions, financing costs, securitization access, state licensing, and mortgage-asset regulation.
Company facts
Categories
Key statistics
Year to date −7.9% · Average volume (30d) 110.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jun 17, 2026 | BTIG | Reiterate | Buy | $22 | |
| Sep 20, 2024 | Wells Fargo | Downgrade | Overweight | Underweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.65 | $0.71 | +9.1% | $85.6M | $95.0M | +11.0% | +3.06% |
| May 6, 2026Q1 FY26 | $0.64 | $0.68 | +6.3% | $68.5M | $85.2M | +24.4% | −6.54% |
| Mar 11, 2026Q4 FY25 | $0.67 | $0.93 | +38.8% | $67.8M | $102.9M | +51.8% | −2.57% |
| Nov 6, 2025Q3 FY25 | $0.67 | $0.69 | +3.0% | $52.5M | $172.3M | +227.9% | +0.91% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $119.3M | $166.0M | $172.3M | $182.3M | $167.9M | $178.8M | |
| Gross profit | $38.0M | $76.4M | $76.9M | $165.1M | $153.8M | $157.7M | |
| Operating income | −$6.0M | $33.9M | $35.4M | $159.5M | $146.9M | $154.1M | |
| Net income | $18.4M | $26.0M | $25.4M | $34.8M | $22.4M | $25.2M | |
| Diluted EPS | $0.51 | $0.68 | $0.65 | $0.90 | $0.56 | $0.63 | |
| Gross margin | 31.9% | 46.0% | 44.6% | 90.5% | 91.6% | 88.2% | |
| Operating margin | -5.1% | 20.4% | 20.5% | 87.5% | 87.5% | 86.2% |
Fiscal years (4-quarter sums)FY21 $181.9M · FY22 $249.3M · FY23 $358.5M · FY24 $457.2M · FY25 $639.9M
Balance sheet, Jun 30, 2026Cash & short-term investments $245.2M · Total debt $7.05B · Total assets $7.96B · Shareholders' equity $721.5M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 39.26M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Snow Phipps Group, LLC | 13.35M | 34.02% | 13F | Jul 9, 2026 |
| SPG GP, LLC | 13.35M | 34.70% | 13D | Aug 12, 2025 |
| Allianz Asset Management GmbH | 12.64M | 32.19% | 13F | Aug 14, 2026 |
| Pacific Investment Management Company LLC | 12.64M | 33.10% | 13D | May 1, 2025 |
| Tobi Iii Spe I LLC · director, 10 percent owner: | 12.64M | 32.19% | Form 4 | May 2, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Fiona Tam | officer: Chief Accounting Officer | −1,232 | $19.00 |
| Aug 11, 2026 | Jeffrey T. Taylor | officer: Executive VP, Capital Markets | −4,330 | $19.06 |
| Aug 10, 2026 | Mark R. Szczepaniak | officer: Chief Financial Officer | −2,000 | $18.16 |
| Aug 6, 2026 | Mark R. Szczepaniak | officer: Chief Financial Officer | −400 | $18.00 |
| Aug 6, 2026 | Roland Thomas Kelly | officer: Chief Legal Officer and GC | −1,600 | $18.00 |
Peers
- Redwood Trust
Residential investor lending through CoreVest
- MFA Financial
Business-purpose rental and transition loans via Lima One
- Rithm Capital
Residential transition lending through Genesis Capital
- Ready Capital
Lower-to-middle-market commercial real estate lender
- Arbor Realty Trust
Multifamily, SFR, and agency real estate finance
- Walker & Dunlop
Agency, HUD, and commercial real estate finance
- Ellington Financial
Securitized residential and commercial mortgage credit
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Velocity Financial | $18.01 | +0.11% | $707.0M | 6.6 | 6.6 | 1.0 | −37.3% |
| Redwood Trust | $4.65 | +0.84% | $580.3M | — | 4.9 | 0.4 | +68.5% |
| MFA Financial | $8.82 | −0.11% | $901.5M | 7.4 | 6.9 | 1.2 | −65.6% |
| Rithm Capital | $10.09 | +0.05% | $5.63B | 16.8 | 4.5 | 1.0 | +205.4% |
| Ready Capital | $1.86 | +1.36% | $302.4M | — | — | 0.7 | −107.6% |
| Arbor Realty Trust | $5.06 | 0.00% | $973.3M | 37.4 | 12.0 | 0.8 | −11.1% |
| Walker & Dunlop | $41.78 | +1.04% | $1.42B | 36.9 | 12.2 | 1.1 | +3.5% |
| Ellington Financial | $13.62 | +0.37% | $1.70B | 8.3 | 7.0 | 2.5 | +184.1% |
| Median | 16.8 | 7.0 | 1.0 | +3.5% |