---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-050329"
form_type: "8-K"
ticker: "VEL"
cik: "0001692376"
company_name: "Velocity Financial, Inc."
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T01:44:28.724527+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial Q4 net income $20.6M, up 19%; record loan production $1.84B in 2024

## Summary
- Q4 diluted EPS $0.57 vs $0.50 YoY; core diluted EPS $0.60 vs $0.46.
- Full-year net income $68.4M, up 30.9% from $52.3M; diluted EPS $1.91.
- Loan production Q4 $563.5M UPB, up 60% YoY; full-year record $1.84B.
- Portfolio NIM 3.70% vs 3.52% YoY; NPL ratio 10.7% vs 9.7%.
- Book value per share $15.70, up 16.4% from $13.49; liquidity $95.9M.

## SEC filing metadata
- accession: 0001193125-25-050329
- form_type: 8-K
- ticker: VEL
- cik: 0001692376
- company_name: Velocity Financial, Inc.
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692376/000119312525050329/0001193125-25-050329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692376/000119312525050329/d811857d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-050329
- JSON: https://secwatch.observer/filing/0001193125-25-050329.json
- Plain text: https://secwatch.observer/filing/0001193125-25-050329.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.