{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-021758","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2026-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.907948+00:00","generated_at":"2026-05-16T07:58:30.579293+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Velocity prelim Q4 net income at least $35M (+70%), EPS $0.90; issues $500M notes","bullets":["Preliminary Q4 net income at least $35M (+70% YoY); diluted EPS at least $0.90 (+56%).","FY 2025 net income at least $105M (+53%); originations $2.7B (+48%); portfolio UPB $6.5B (+28%).","Nonperforming loans improved to 8.5-8.6% of UPB (FY24:10.7%).","Announced $500M senior notes due 2031; proceeds to redeem $222.7M of 7.125% notes due 2027.","Up to $75M of note proceeds earmarked for a potential business acquisition."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-021758","json":"https://secwatch.observer/filing/0001193125-26-021758.json","markdown":"https://secwatch.observer/filing/0001193125-26-021758.md","text":"https://secwatch.observer/filing/0001193125-26-021758.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526021758/0001193125-26-021758-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526021758/d21903d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T07:58:30.579293+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}