---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-271180"
form_type: "8-K"
ticker: "VEL"
cik: "0001692376"
company_name: "Velocity Financial, Inc."
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:05:38.942974+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial Q3 net income $25.4M, up 60.6% YoY; diluted EPS $0.65

## Summary
- Net income $25.4M, up 60.6% YoY; diluted EPS $0.65 vs $0.44 in 3Q24.
- Core net income $26.9M, up 58.9%; core diluted EPS $0.69 vs $0.47.
- Record loan production $739M, up 55%; includes $23.9M construction loan origination.
- Portfolio NIM 3.65%, up 5 bps; NPL ratio 9.8% improved from 10.3% in 2Q25 and 10.6% in 3Q24.
- Completed two securitizations in Q3: $190.9M single counterparty and $457.5M VCC 2025-4.

## SEC filing metadata
- accession: 0001193125-25-271180
- form_type: 8-K
- ticker: VEL
- cik: 0001692376
- company_name: Velocity Financial, Inc.
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692376/000119312525271180/0001193125-25-271180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692376/000119312525271180/d31187d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-271180
- JSON: https://secwatch.observer/filing/0001193125-25-271180.json
- Plain text: https://secwatch.observer/filing/0001193125-25-271180.txt

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