Filing Flows › Velocity Financial (VEL) › Q3 2026
Velocity Financial (VEL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Velocity Financial (VEL) reported revenue of $103M for the third quarter 2026 (Q3 2026), +19% from a year earlier and +7% from the quarter before. Operating margin was 37.3%, net earnings $26.4M (25.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | +7% | +19% |
| Operating profit | $38.3M | +9% | +8% |
| Net earnings | $26.4M | +5% | +4% |
| Operating cash flow | −$12.2M | — | — |
What changed
Revenue was $102.7M in Q3 2026, up 19% year over year and up 7% from the previous quarter. Net interest income was the largest line at 52% of revenue. Noninterest income added $12.1M year over year (up 33%), 73% of the total change.
Operating profit was $38.3M, a 37.3% margin (down 3.8 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, below the 41% margin then. Total costs grew 27% against revenue growth of 19%. The fastest-growing cost line was Credit loss provision (+39%). Net earnings were $26.4M, up 4% year over year. The effective tax rate was 28.9%.
Operating cash flow was −$12.2M. Non-cash charges added back $142K of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $42.3M. Capital expenditures of $60K exceeded it, leaving free cash flow of −$12.3M.
Questions
What was Velocity Financial's revenue in the third quarter 2026?
Velocity Financial (VEL) reported revenue of $103M for the third quarter 2026 (Q3 2026), +19% from a year earlier and +7% from the quarter before.
Was Velocity Financial profitable in the third quarter 2026?
Operating profit was $38.3M (37.3% of revenue) and net earnings $26.4M.
Source: Velocity Financial 10-Q on SEC EDGAR.