Velocity Financial, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $105.1M | $68.4M | $52.3M | $32.2M | $29.2M | $17.8M | $17.3M | $7.6M |
| Depreciation & Amortization | $516.0K | $793.0K | $752.0K | $796.0K | $1.1M | $1.2M | $1.4M | $1.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $8.3M | $6.2M | $4.1M | $3.3M | $2.2M | $965.0K | — | — |
| Net Cash from Operating Activities | $18.2M | $37.8M | $48.8M | $48.7M | $57.6M | $54.9M | $-105.3M | $-72.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $281.0K | $289.0K | $180.0K | $326.0K | $135.0K | $726.0K | $882.0K | $1.3M |
| Business Acquisitions | — | — | — | — | $10.8M | — | — | — |
| Net Cash from Investing Activities | $-1.52B | $-1.05B | $-584.7M | $-908.2M | $-656.5M | $87.7M | $-305.9M | $-270.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $7.3M | $1.6M | $861.0K | $458.0K | — | — | — | — |
| Net Cash from Financing Activities | $1.68B | $1.02B | $535.8M | $874.0M | $626.2M | $-149.9M | $422.1M | $343.6M |
| Net Change in Cash | $178.4M | $8.9M | $-129.0K | $14.5M | $27.3M | $-7.3M | $10.9M | $950.0K |
| Free Cash Flow | $17.9M | $37.5M | $48.7M | $48.3M | $57.5M | $54.2M | $-106.2M | $-73.8M |