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Strategy vs Velocity Financial: MSTR and VEL compared
Strategy is the larger company: $125M of revenue in its latest quarter (Q3 2026) against $103M for Velocity Financial (Q3 2026). Velocity Financial is growing faster (+19% against -2% a year earlier).
Where the money goes: MSTR and VEL
Strategy (MSTR) · Q3 2026
Strategy, Q3 2026: revenue $125M (-2% year over year), net earnings $19.5B, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
Velocity Financial (VEL) · Q3 2026
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.
| Strategy (MSTR) | Velocity Financial (VEL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $125M | $103M |
| Revenue growth, Y/Y | -2% | +19% |
| Gross margin | 71.5% | — |
| Operating margin | n/m | 37.3% |
| Net earnings | $19.5B | $26.4M |
| Net margin | — | 25.7% |
| Operating cash flow | $4.4M | −$12.2M |
| Free cash flow | $4.0M | — |
| Market value | $64.7B | — |
| Analysts’ mean target | $233.27 | — |
Where the revenue comes from
Strategy
- Total product licenses and subscription services: $72.4M (58%)
- Product support: $37.7M (30%)
- Other services: $15.3M (12%)
Velocity Financial
- Net interest income: $53.5M (52%)
- Noninterest income: $49.2M (48%)
Questions
Which is bigger, Strategy or Velocity Financial?
Strategy is the larger company: $125M of revenue in its latest quarter (Q3 2026) against $103M for Velocity Financial (Q3 2026).
Is Strategy or Velocity Financial growing faster?
Velocity Financial is growing faster (+19% against -2% a year earlier).
More: Strategy earnings · how Strategy makes money · Velocity Financial earnings · how Velocity Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.