Filing Flows › Velocity Financial (VEL) › Q3 2026 › vs Q3 2025
Velocity Financial (VEL) Q3 2026 vs Q3 2025 (year over year)
Velocity Financial's revenue rose $16.5M (+19%) from $86.2M in Q3 2025 to $103M in Q3 2026. The biggest changes: Noninterest income +$12.1M (+33%); Net interest income +$4.4M (+9%). Operating margin 37.3% against 41.1% (-3.8 pts).
Velocity Financial, Q3 2026: revenue $103M (+19% year over year), operating margin 37.3%, net earnings $26.4M, operating cash flow −$12.2M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 37.3% | 41.1% | -3.8 pts |
| Net margin | 25.7% | 29.5% | -3.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $53.5M | $49.1M | $4.4M | +9% |
| Noninterest income | $49.2M | $37.1M | $12.1M | +33% |
| Revenue | $103M | $86.2M | $16.5M | +19% |
| Operating profit | $38.3M | $35.4M | $2.9M | +8% |
| Costs & expenses | $64.4M | $50.8M | $13.6M | +27% |
| Pre-tax earnings | $38.3M | $35.4M | $2.9M | +8% |
| Credit loss provision | $531K | $381K | $150K | +39% |
| Noninterest expense | $63.9M | $50.4M | $13.5M | +27% |
| Net earnings | $26.4M | $25.4M | $1.0M | +4% |
| Minority interests | $801K | $39K | $762K | 21× |
| Income tax | $11.1M | $10.0M | $1.1M | +11% |
| Operating cash sources | $41.5M | $16.2M | $25.3M | +156% |
| Depreciation & amortization | $142K | $123K | $19K | +15% |
| Share-based compensation | $2.7M | $2.2M | $531K | +25% |
| Cash used in operations | $12.2M | −$11.5M | $23.7M | — |
| Working capital & other | $41.5M | $16.2M | $25.3M | +156% |
Questions
How much did Velocity Financial's revenue grow year over year in Q3 2026?
Velocity Financial's revenue rose $16.5M (+19%) from $86.2M in Q3 2025 to $103M in Q3 2026.
What drove Velocity Financial's revenue change in Q3 2026?
Noninterest income +$12.1M (+33%); Net interest income +$4.4M (+9%).