Velocity Financial, Inc. Reports First Quarter 2026 Results

About this update from Velocity Financial, Inc.

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Non-GAAP core adjustments include stock-based compensation expenses and costs related to the Company’s employee stock purchase plan. See "Non-GAAP Financial Measures" and "Non-GAAP Financial Measure Reconciliations to GAAP Measures" at the end of this press release for more information regarding the use of non-GAAP measures.","length":418,"tagName":"p"},{"type":"text","content":" WESTLAKE VILLAGE, Calif., May 06, 2026 --( BUSINESS WIRE )--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $22.4 million and core net income of $26.5 million for 1Q26, compared to $18.9 million and $20.3 million, respectively, for 1Q25. Earnings and core earnings per diluted share were $0.57 and $0.68 for 1Q26, compared to $0.51 and $0.55, respectively, for 1Q25.","length":438,"tagName":"p"},{"type":"text","content":""Velocity continued to deliver impressive earnings in the first quarter of 2026" said Chris Farrar, President and CEO. 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