VEL Velocity Financial, Inc. Common Stock
$18.01
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$17–$21
29% of range
Analyst Rating
BUY
7 analysts
Price Target
$22
+19% upside
P/E (TTM)
6.4
ROE
17.7%
Net Profit Margin
56.5%
VEL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$18.01
Market Cap
$702M
P/E (TTM)
6.4
EPS (TTM)
$2.75
Revenue (TTM)
—
Div Yield
—
ROE
17.7%
Debt/Equity
—
52W Range
$17 – $21
VEL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$2.75
2020-12-31
→
2025-12-31
Free Cash Flow
$18M
2020-12-31
→
2025-12-31
Margins
56.5%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
VEL
Peer Median
P/E (TTM)
6.4
9.5
P/S (TTM)
3.8
1.3
P/B
1.0
0.9
Price / FCF
39.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
VEL
Peer Median
Net Profit Margin
56.5%
1.5%
ROA
1.6%
0.32%
ROE
17.7%
3.4%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
VEL
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
VEL
Peer Median
Revenue YoY
36.8%
—
Revenue CAGR 3Y
30.7%
—
Revenue CAGR 5Y
22.5%
—
EPS YoY
44.0%
—
Net Income YoY
53.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
VEL
Peer Median
VEL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
7 analysts
- Strong Buy 2 28.6%
- Buy 3 42.9%
- Hold 1 14.3%
- Sell 1 14.3%
- Strong Sell 0 0.0%
12-Month Price Target
3 analysts · 2026-08-14
Median
$22.00
Mean
$21.50
← Below all targets
$18.01
Low
$19.00
High
$23.50
Median target
$22.00
+22.2%
Mean target
$21.50
+19.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.11%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.71 | $0.66 | 0.05% |
| March 31, 2026 | $0.68 | $0.65 | 0.03% |
| Dec. 31, 2025 | $0.93 | $0.68 | 0.25% |
| Sept. 30, 2025 | $0.69 | $0.61 | 0.08% |
| June 30, 2025 | $0.73 | $0.54 | 0.19% |
| March 31, 2025 | $0.55 | $0.53 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| VEL | $822M | 7.5 | 36.8% | 56.5% | 17.7% | — |
| MBIN | — | — | — | — | — | — |
| AGM | — | 10.6 | 8.9% | 50.8% | 12.7% | — |
| UWMC | — | 36.5 | 18.2% | 0.87% | 1.6% | — |
| WD | $2.01B | 36.7 | 9.0% | 4.6% | 3.2% | — |
| WSBF | $304M | 11.2 | 4.8% | 18.6% | 7.6% | — |
| ONIT | $390M | 2.1 | 9.3% | 17.8% | 34.2% | — |
| LDI | — | -4.6 | -93.7% | -609.7% | -15.2% | — |
| BETR | — | — | — | — | — | — |
| SNFCA | — | 7.2 | 3.0% | 9.3% | 8.4% | — |
| FOA | — | 6.5 | 26.1% | 9.1% | 10.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Pretax Income | $146M | $96M | $71M | $45M | $40M | $23M | $25M | |
| Income Tax | $41M | $28M | $19M | $12M | $11M | $5M | $8M | |
| Net Income | $105M | $68M | $52M | $32M | $29M | $18M | $17M | |
| EPS (Basic) | $2.81 | $2.07 | $1.60 | $0.99 | $0.90 | $-1.55 | · | |
| EPS (Diluted) | $2.75 | $1.91 | $1.52 | $0.94 | $0.86 | $-1.55 | · | |
| Shares (Basic) | 36,850,000 | 32,653,000 | 32,206,000 | 31,913,000 | 22,813,000 | 20,087,000 | · | |
| Shares (Diluted) | 38,178,000 | 35,760,000 | 34,484,000 | 34,131,000 | 33,982,000 | 20,087,000 | · | |
| EBITDA | $516.0K | $793.0K | $752.0K | $796.0K | $1M | $1M | · |
Balance Sheet 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $92M | $50M | $41M | $45M | $36M | $13M | $21M | |
| Prepaid Expense | $3M | $2M | $2M | $2M | $2M | $1M | $2M | |
| PP&E (Net) | $1M | $2M | $3M | $3M | $4M | $4M | $5M | |
| PP&E (Gross) | $9M | $10M | $10M | $10M | $11M | $10M | $10M | |
| Accum. Depreciation | $8M | $8M | $8M | $7M | $7M | $6M | $5M | |
| Goodwill | $7M | $7M | $7M | $7M | $7M | · | · | |
| Total Assets | $7.38B | $5.53B | $4.40B | $3.75B | $2.81B | $2.10B | $2.21B | |
| Accounts Payable | $168M | $148M | $122M | $92M | $92M | $63M | $56M | |
| Total Liabilities | $6.71B | $5.01B | $3.97B | $3.37B | $2.47B | $1.79B | $2.06B | |
| Common Stock | $398.0K | $339.0K | $331.0K | $326.0K | $323.0K | $201.0K | · | |
| Paid-in Capital | $383M | $323M | $307M | $300M | $296M | $204M | · | |
| Retained Earnings | $302M | $197M | $129M | $77M | $44M | $15M | · | |
| Treasury Stock | $10M | $3M | $1M | $458.0K | · | · | · | |
| AOCI | $-3M | $-805.0K | $-1M | · | · | · | · | |
| Stockholders' Equity | $673M | $517M | $433M | $377M | $341M | $220M | $153M | |
| Liabilities + Equity | $7.38B | $5.53B | $4.40B | $3.75B | $2.81B | $2.10B | $2.21B | |
| Shares Outstanding | 38,965,317 | 33,545,585 | 32,865,836 | 32,489,869 | 32,293,042 | 20,087,494 | 0 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $516.0K | $793.0K | $752.0K | $796.0K | $1M | $1M | $1M | |
| Stock-based Comp | $8M | $6M | $4M | $3M | $2M | $965.0K | · | |
| Deferred Tax | $-8M | $-11M | $3M | $12M | $-10M | $2M | $-8M | |
| Other Non-cash | $-88M | $-26M | $-11M | $753.0K | $35M | $33M | · | |
| Operating Cash Flow | $18M | $38M | $49M | $49M | $58M | $55M | $-105M | |
| CapEx | $281.0K | $289.0K | $180.0K | $326.0K | $135.0K | $726.0K | $882.0K | |
| Investing Cash Flow | $-1.52B | $-1.05B | $-585M | $-908M | $-656M | $88M | $-306M | |
| Stock Issued | $41M | $10M | $2M | $607.0K | $137.0K | $101M | · | |
| Stock Repurchased | $7M | $2M | $861.0K | $458.0K | · | · | · | |
| Net Stock Activity | $34M | $10M | $1M | $149.0K | $137.0K | $101M | · | |
| Financing Cash Flow | $1.68B | $1.02B | $536M | $874M | $626M | $-150M | $422M | |
| Net Change in Cash | $178M | $9M | $-129.0K | $14M | $27M | $-7M | $11M | |
| Taxes Paid | $51M | $42M | $8M | $23M | $10M | $965.0K | $15M | |
| Free Cash Flow | $18M | $37M | $49M | $48M | $57M | $54M | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 56.5% | 50.4% | 48.5% | 38.7% | 38.5% | 26.4% | · | |
| Pretax Margin | 78.7% | 71.0% | 66.0% | 53.6% | 52.4% | 34.3% | · | |
| EBITDA Margin | 0.28% | 0.58% | 0.70% | 0.96% | 1.5% | 1.8% | · | |
| ROA | 1.6% | 1.4% | 1.3% | 0.98% | 1.2% | 0.82% | · | |
| ROE | 17.7% | 14.4% | 12.9% | 9.0% | 10.2% | 8.3% | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 36.8% | 26.0% | 29.6% | 9.4% | 12.6% | · | · | |
| Revenue CAGR 3Y | 30.7% | 21.4% | 16.9% | · | · | · | · | |
| Revenue CAGR 5Y | 22.5% | · | · | · | · | · | · | |
| EPS YoY | 44.0% | 25.7% | 61.7% | 9.3% | · | · | · | |
| EPS CAGR 3Y | 43.0% | 30.5% | · | · | · | · | · | |
| Net Income YoY | 53.5% | 30.9% | 62.3% | 10.2% | 64.4% | · | · | |
| Net Income CAGR 3Y | 48.3% | 32.8% | 43.3% | · | · | · | · | |
| Net Income CAGR 5Y | 42.7% | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $186M | $136M | $108M | $83M | $76M | $67M | $59M | |
| Net Income TTM | $105M | $68M | $52M | $32M | $29M | $18M | $17M | |
| Market Cap | $822M | $656M | $566M | $314M | $442M | $125M | · | |
| P/E | 7.5 | 10.2 | 11.3 | 10.3 | 15.9 | -4.0 | · | |
| P/S | 4.4 | 4.8 | 5.3 | 3.8 | 5.8 | 1.9 | · | |
| P/B | 1.2 | 1.3 | 1.3 | 0.8 | 1.3 | 0.6 | · | |
| P / Tangible Book | 1.2 | 1.3 | 1.3 | 0.8 | 1.3 | 0.6 | · | |
| P / Cash Flow | 45.2 | 17.4 | 11.6 | 6.4 | 7.7 | 2.3 | · | |
| P / FCF | 45.9 | 17.5 | 11.6 | 6.5 | 7.7 | 2.3 | · | |
| Earnings Yield | 13.2% | 9.8% | 8.8% | 9.7% | 6.3% | -24.9% | · |
Income Statement 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pretax Income | $35M | $31M | $50M | $35M | $34M | $27M | $32M | $21M | $20M | $23M | $22M | $17M | $17M | $15M | $12M | $14M | |
| Income Tax | $10M | $9M | $15M | $10M | $8M | $8M | $11M | $6M | $5M | $6M | $5M | $5M | $5M | $4M | $3M | $4M | |
| Net Income | $25M | $22M | $35M | $25M | $26M | $19M | $21M | $16M | $15M | $17M | $17M | $12M | $12M | $11M | $8M | $10M | |
| EPS (Basic) | $0.64 | $0.57 | $0.91 | $0.66 | $0.69 | $0.55 | $0.62 | $0.48 | $0.45 | $0.52 | $0.53 | $0.37 | $0.37 | $0.33 | $0.25 | $0.31 | |
| EPS (Diluted) | $0.64 | $0.57 | $0.90 | $0.65 | $0.69 | $0.51 | $0.56 | $0.44 | $0.42 | $0.49 | $0.50 | $0.35 | $0.36 | $0.31 | $0.25 | $0.29 | |
| Shares (Basic) | 38,730,000 | 38,626,000 | -72,104,000 | 38,073,000 | 37,194,000 | 33,687,000 | -65,184,000 | 32,711,000 | 32,585,000 | 32,541,000 | -64,289,000 | 32,275,000 | 32,122,000 | 32,098,000 | -63,818,000 | 31,922,000 | |
| Shares (Diluted) | 39,304,000 | 39,174,000 | -75,223,000 | 38,800,000 | 37,790,000 | 36,811,000 | -71,174,000 | 35,895,000 | 35,600,000 | 35,439,000 | -68,439,000 | 34,731,000 | 34,140,000 | 34,052,000 | -68,329,000 | 34,199,000 | |
| EBITDA | · | $133.0K | · | · | · | $138.0K | · | · | · | $182.0K | · | · | · | $195.0K | · | · |
Balance Sheet 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $76M | $87M | $92M | $99M | $80M | $52M | $50M | $44M | $47M | $35M | $41M | $29M | $34M | $39M | $45M | $26M | |
| Prepaid Expense | · | · | $3M | · | · | · | $2M | · | · | · | · | · | · | · | · | · | |
| PP&E (Net) | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | · | $3M | $3M | $3M | · | $3M | |
| PP&E (Gross) | · | · | $9M | · | · | · | $10M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $8M | · | · | · | $8M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | |
| Total Assets | $7.96B | $7.59B | $7.38B | $6.96B | $6.48B | $5.97B | $5.53B | $5.20B | $4.87B | $4.63B | · | $4.12B | $3.95B | $3.84B | · | $3.65B | |
| Accounts Payable | $186M | $173M | $168M | $171M | $165M | $153M | $148M | $141M | $138M | $124M | · | $98M | $95M | $85M | · | $75M | |
| Total Liabilities | $7.24B | $6.90B | $6.71B | $6.32B | $5.87B | $5.41B | $5.01B | $4.71B | $4.40B | $4.17B | · | $3.70B | $3.55B | $3.45B | · | $3.28B | |
| Common Stock | $405.0K | $403.0K | $398.0K | $396.0K | $390.0K | $359.0K | $339.0K | $335.0K | $335.0K | $334.0K | · | $330.0K | $329.0K | $328.0K | · | $325.0K | |
| Paid-in Capital | $391M | $385M | $383M | $379M | $369M | $353M | $323M | $313M | $311M | $308M | · | $305M | $303M | $301M | · | $299M | |
| Retained Earnings | $350M | $325M | $302M | $268M | $242M | $216M | $197M | $177M | $161M | $146M | · | $112M | $99M | $87M | · | $68M | |
| Treasury Stock | $17M | $15M | $10M | $10M | $10M | $5M | $3M | $3M | $3M | $3M | · | $1M | $1M | $1M | · | $458.0K | |
| AOCI | $-2M | $-2M | $-3M | $-3M | $-3M | $-2M | $-805.0K | $-3M | $2M | $794.0K | · | $905.0K | · | · | · | · | |
| Stockholders' Equity | $722M | $693M | $673M | $634M | $598M | $563M | $517M | $485M | $471M | $453M | · | $416M | $402M | $388M | · | $367M | |
| Liabilities + Equity | $7.96B | $7.59B | $7.38B | $6.96B | $6.48B | $5.97B | $5.53B | $5.20B | $4.87B | $4.63B | · | $4.12B | $3.95B | $3.84B | · | $3.65B | |
| Shares Outstanding | 39,293,655 | 39,235,281 | 39,573,657 | 38,900,030 | 38,289,087 | 35,384,747 | 33,545,585 | 33,114,845 | 33,098,635 | 32,985,794 | · | 32,784,157 | 32,741,628 | 32,602,432 | · | 32,415,860 |
Cash Flow 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $131.0K | $133.0K | $123.0K | $123.0K | $132.0K | $138.0K | $143.0K | $283.0K | $185.0K | $182.0K | $185.0K | $186.0K | $186.0K | $195.0K | $191.0K | $204.0K | |
| Stock-based Comp | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $923.0K | $1M | $1M | $1M | $933.0K | $931.0K | |
| Deferred Tax | $-2M | $4M | $-6M | $-4M | $-867.0K | $3M | $-327.0K | $-12M | $168.0K | $480.0K | $-2M | $1M | $664.0K | $2M | $-695.0K | $11M | |
| Other Non-cash | · | $-17M | · | · | · | $-20M | · | · | · | $-9M | · | · | · | $-26M | · | · | |
| Operating Cash Flow | $4M | $12M | $-4M | $11M | $8M | $4M | $33M | $-18M | $11M | $11M | $26M | $-10M | $44M | $-12M | $40M | $-4M | |
| CapEx | $98.0K | $42.0K | $57.0K | $66.0K | $78.0K | $80.0K | $99.0K | $65.0K | $84.0K | $41.0K | $108.0K | $24.0K | $0 | $48.0K | $53.0K | $56.0K | |
| Investing Cash Flow | $-200M | $-351M | $-250M | $-429M | $-441M | $-401M | $-356M | $-280M | $-197M | $-212M | $-224M | $-148M | $-141M | $-72M | $-89M | $-311M | |
| Stock Issued | · | · | $1M | $9M | $2M | $29M | $8M | $189.0K | $2M | $155.0K | $907.0K | $523.0K | · | · | · | · | |
| Stock Repurchased | $3M | $5M | $1.0K | $179.0K | $5M | $2M | $0 | $0 | $266.0K | $1M | $24.0K | $0 | $1.0K | $836.0K | · | $0 | |
| Net Stock Activity | · | $-5M | · | · | · | $29M | · | · | · | $-1M | · | · | · | $-836.0K | · | · | |
| Financing Cash Flow | $329M | $202M | $386M | $438M | $456M | $402M | $326M | $285M | $206M | $199M | $213M | $154M | $91M | $77M | $70M | $301M | |
| Net Change in Cash | $133M | $-137M | $131M | $21M | $23M | $4M | $4M | $-12M | $21M | $-3M | $15M | $-4M | $-5M | $-6M | $21M | $-15M | |
| Taxes Paid | $12M | $699.0K | $24M | $8M | $18M | $771.0K | $19M | $7M | $16M | $17.0K | $5M | $4M | $-1M | $264.0K | $78.0K | $1M | |
| Free Cash Flow | · | $12M | · | · | · | $3M | · | · | · | $11M | · | · | · | $-12M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 51.5% | 50.9% | · | 51.7% | 54.6% | 50.3% | · | 45.1% | 45.6% | 58.5% | · | 44.2% | 48.1% | 43.7% | · | 40.2% | |
| Pretax Margin | 72.1% | 70.3% | · | 72.1% | 71.3% | 71.7% | · | 60.6% | 61.3% | 78.8% | · | 63.0% | 66.5% | 60.6% | · | 56.5% | |
| EBITDA Margin | · | 0.30% | · | · | · | 0.37% | · | · | · | 0.62% | · | · | · | 0.80% | · | · | |
| ROA | 0.35% | 0.33% | · | 0.42% | 0.46% | 0.36% | · | 0.34% | 0.33% | 0.41% | · | 0.31% | 0.33% | 0.31% | · | 0.33% | |
| ROE | 3.8% | 3.6% | · | 4.5% | 4.9% | 3.7% | · | 3.5% | 3.4% | 4.1% | · | 3.1% | 3.2% | 2.9% | · | 3.3% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $193M | $192M | · | $173M | $159M | $144M | · | $128M | $120M | $113M | · | $98M | $95M | $96M | · | $84M | |
| Net Income TTM | $108M | $109M | · | $91M | $81M | $70M | · | $65M | $61M | $59M | · | $43M | $41M | $40M | · | $32M | |
| Market Cap | $725M | $710M | · | $706M | $710M | $662M | · | $649M | $593M | $594M | · | $370M | $378M | $294M | · | $351M | |
| P/E | 7.2 | 7.5 | · | 7.9 | 9.0 | 10.1 | · | 11.5 | 11.1 | 11.9 | · | 8.6 | 9.1 | 9.0 | · | 11.8 | |
| P/S | 3.7 | 3.7 | · | 4.1 | 4.5 | 4.6 | · | 5.1 | 4.9 | 5.3 | · | 3.8 | 4.0 | 3.1 | · | 4.2 | |
| P/B | 1.0 | 1.0 | · | 1.1 | 1.2 | 1.2 | · | 1.3 | 1.3 | 1.3 | · | 0.9 | 0.9 | 0.8 | · | 1.0 | |
| P / Tangible Book | 1.0 | 1.0 | · | 1.1 | 1.2 | 1.2 | · | 1.4 | 1.3 | 1.3 | · | 0.9 | 1.0 | 0.8 | · | 1.0 | |
| P / Cash Flow | · | 58.7 | · | · | · | 187.2 | · | · | · | 56.1 | · | · | · | -24.7 | · | · | |
| P / FCF | · | 58.9 | · | · | · | 191.6 | · | · | · | 56.3 | · | · | · | -24.6 | · | · | |
| Earnings Yield | 13.8% | 13.4% | · | 12.6% | 11.1% | 9.9% | · | 8.7% | 9.0% | 8.4% | · | 11.6% | 11.0% | 11.1% | · | 8.5% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Net Income | $105M | $68M | $52M | $32M | $29M |
| Diluted EPS | $2.75 | $1.91 | $1.52 | $0.94 | $0.86 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $18M | $37M | $49M | $48M | $57M |
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Institutional owners (13F) 121 filers · $705.0M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 23 (+8 vs prior Q) | 15 (-6 vs prior Q) | 42 (+10 vs prior Q) | 25 (-8 vs prior Q) | +712K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Snow Phipps Group, LLC | $246,498,281 | 13,353,103 | 34.96% | Shares |
| Allianz Asset Management GmbH | $233,293,123 | 12,637,764 | 33.09% | Shares |
| Beach Point Capital Management LP | $121,510,735 | 6,582,380 | 17.24% | Shares |
| HBK INVESTMENTS L P | $13,614,250 | 737,500 | 1.93% | Put option |
| DIMENSIONAL FUND ADVISORS LP | $11,029,702 | 597,492 | 1.56% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $9,331,622 | 505,505 | 1.32% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $8,990,223 | 487,011 | 1.28% | Shares |
| AMERICAN CENTURY COMPANIES INC | $6,593,894 | 357,199 | 0.94% | Shares |
| STATE STREET CORP | $4,610,034 | 249,731 | 0.65% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,268,911 | 231,193 | 0.61% | Shares |
| GOLDMAN SACHS GROUP INC | $3,980,308 | 215,618 | 0.56% | Shares |
| BlackRock, Inc. | $2,905,530 | 157,396 | 0.41% | Shares |
| D. E. Shaw & Co., Inc. | $2,291,440 | 124,130 | 0.33% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,287,231 | 123,902 | 0.32% | Shares |
| Man Group plc | $2,158,436 | 116,925 | 0.31% | Shares |
| Qube Research & Technologies Ltd | $2,152,528 | 116,605 | 0.31% | Shares |
| WOLVERINE TRADING, LLC | $1,938,912 | 106,300 | 0.28% | Put option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,886,427 | 102,190 | 0.27% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,683,903 | 91,219 | 0.24% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,652,152 | 89,499 | 0.23% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $1,302,944 | 70,582 | 0.18% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,247,822 | 67,596 | 0.18% | Shares |
| NFJ INVESTMENT GROUP, LLC | $1,245,884 | 67,491 | 0.18% | Shares |
| WOLVERINE TRADING, LLC | $1,245,792 | 68,300 | 0.18% | Call option |
| HSBC HOLDINGS PLC | $970,225 | 53,574 | 0.14% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $948,844 | 51,400 | 0.13% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $919,456 | 49,808 | 0.13% | Shares |
| Beach Point Capital Management LP | $829,105 | 3,891 | 0.12% | Call option |
| Mariner, LLC | $775,747 | 42,023 | 0.11% | Shares |
| Quantinno Capital Management LP | $705,929 | 38,241 | 0.10% | Shares |
| JPMORGAN CHASE & CO | $696,087 | 38,650 | 0.10% | Shares |
| Bank of New York Mellon Corp | $687,118 | 37,222 | 0.10% | Shares |
| WOLVERINE TRADING, LLC | $659,850 | 36,176 | 0.09% | Shares |
| XTX Topco Ltd | $652,284 | 35,335 | 0.09% | Shares |
| BANK OF AMERICA CORP /DE/ | $613,260 | 33,221 | 0.09% | Shares |
| FIRST TRUST ADVISORS LP | $603,198 | 32,676 | 0.09% | Shares |
| Trexquant Investment LP | $576,580 | 31,234 | 0.08% | Shares |
| ALPS ADVISORS INC | $531,648 | 28,800 | 0.08% | Shares |
| HAP Trading, LLC | $438,244 | 24,159 | 0.06% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $436,136 | 23,626 | 0.06% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $427,663 | 23,167 | 0.06% | Shares |
| Squarepoint Ops LLC | $390,872 | 21,174 | 0.06% | Shares |
| Empowered Funds, LLC | $390,780 | 21,169 | 0.06% | Shares |
| HAP Trading, LLC | $372,598 | 20,097 | 0.05% | Shares |
| PDT Partners, LLC | $363,994 | 19,718 | 0.05% | Shares |
| Campbell & CO Investment Adviser LLC | $361,779 | 19,598 | 0.05% | Shares |
| JANE STREET GROUP, LLC | $286,130 | 15,500 | 0.04% | Put option |
| RHUMBLINE ADVISERS | $258,930 | 14,027 | 0.04% | Shares |
| Brevan Howard Capital Management LP | $226,153 | 12,251 | 0.03% | Shares |
| DEUTSCHE BANK AG\ | $222,572 | 12,057 | 0.03% | Shares |
| TUDOR INVESTMENT CORP ET AL | $204,906 | 11,100 | 0.03% | Put option |
| Sterling Capital Management LLC | $202,617 | 10,976 | 0.03% | Shares |
| Cubist Systematic Strategies, LLC | $197,127 | 10,867 | 0.03% | Shares |
| ALLIANCEBERNSTEIN L.P. | $192,478 | 10,640 | 0.03% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $177,954 | 9,640 | 0.03% | Shares |
| MetLife Investment Management, LLC | $157,279 | 8,520 | 0.02% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $142,224 | 7,862 | 0.02% | Shares |
| HAP Trading, LLC | $127,500 | 150,000 | 0.02% | Put option |
| FMR LLC | $124,882 | 6,765 | 0.02% | Shares |
| Russell Investments Group, Ltd. | $111,646 | 6,048 | 0.02% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $105,019 | 5,689 | 0.01% | Shares |
| SIMPLEX TRADING, LLC | $100,662 | 5,453 | 0.01% | Shares |
| Police & Firemen's Retirement System of New Jersey | $83,956 | 4,548 | 0.01% | Shares |
| VANGUARD GROUP INC | $83,808 | 4,037 | 0.01% | Shares |
| HAP Trading, LLC | $78,750 | 150,000 | 0.01% | Put option |
| Vanguard Global Advisers, LLC | $74,523 | 4,037 | 0.01% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $71,514 | 3,874 | 0.01% | Shares |
| WELLS FARGO & COMPANY/MN | $68,764 | 3,725 | 0.01% | Shares |
| CWM, LLC | $64,654 | 3,574 | 0.01% | Shares |
| Nuveen, LLC | $61,527 | 3,333 | 0.01% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $53,534 | 2,900 | 0.01% | Put option |
| HAP Trading, LLC | $51,840 | 150,000 | 0.01% | Call option |
| BARCLAYS PLC | $50,526 | 2,737 | 0.01% | Shares |
| UBS Group AG | $46,888 | 2,540 | 0.01% | Shares |
| MORGAN STANLEY | $37,566 | 2,035 | 0.01% | Shares |
| NORTHERN TRUST CORP | $36,403 | 1,972 | 0.01% | Shares |
| Legal & General Group Plc | $24,090 | 1,305 | 0.00% | Shares |
| Ameritas Investment Partners, Inc. | $21,118 | 1,144 | 0.00% | Shares |
| CITADEL ADVISORS LLC | $17,962 | 973 | 0.00% | Shares |
| Creative Planning | $17,149 | 929 | 0.00% | Shares |
| CITIGROUP INC | $16,448 | 891 | 0.00% | Shares |
| Point72 (DIFC) Ltd | $15,274 | 842 | 0.00% | Shares |
| Point72 Asia (Singapore) Pte. Ltd. | $13,623 | 751 | 0.00% | Shares |
| Tower Research Capital LLC (TRC) | $11,907 | 645 | 0.00% | Shares |
| PNC Financial Services Group, Inc. | $11,538 | 625 | 0.00% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $11,216 | 620 | 0.00% | Shares |
| Arax Advisory Partners | $11,131 | 603 | 0.00% | Shares |
| GAMMA Investing LLC | $9,396 | 509 | 0.00% | Shares |
| Integrated Wealth Concepts LLC | $8,878 | 481 | 0.00% | Shares |
| ROYAL BANK OF CANADA | $7,000 | 362 | 0.00% | Shares |
| HAP Trading, LLC | $6,000 | 150,000 | 0.00% | Call option |
| Parallel Advisors, LLC | $5,353 | 290 | 0.00% | Shares |
| SIGNATUREFD, LLC | $4,707 | 255 | 0.00% | Shares |
| FEDERATED HERMES, INC. | $4,338 | 235 | 0.00% | Shares |
| Allworth Financial LP | $3,674 | 199 | 0.00% | Shares |
| Quarry LP | $3,415 | 185 | 0.00% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $3,134 | 172 | 0.00% | Shares |
| Essential Partners LLC | $2,695 | 146 | 0.00% | Shares |
| Physician Wealth Advisors, Inc. | $2,326 | 126 | 0.00% | Shares |
| IFP Advisors, Inc | $1,975 | 107 | 0.00% | Shares |
Company insiders 11 insiders · 4 officers · 4 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Christopher D. Farrar | Chief Executive Officer | June 30, 2026 J | 399,665 | 0 | 0 | $0 |
| Christopher J Oltmann | Corporate Treasurer | Feb. 14, 2022 A | 26,718 | 0 | 0 | $0 |
| Joseph A Cowell | See below | Jan. 15, 2021 A | 32,222 | 0 | 0 | $0 |
| Graham M Comley | Chief Information Officer, Velocity Commercial Capital LLC | Jan. 15, 2021 A | 30,100 | 0 | 0 | $0 |
| Joy L. Schaefer | Director | May 26, 2026 D | 40,798 | 0 | 0 | $0 |
| John Pitstick | Director | May 26, 2026 D | 59,410 | 0 | 0 | $0 |
| Dorika M Beckett | Director | May 21, 2026 A | 41,311 | 0 | 0 | $0 |
| Fiona Tam | — | Aug. 11, 2026 S | 47,129 | 0 | 2 | $-24,700 |
| Jeffrey T. Taylor | — | Aug. 11, 2026 S | 172,490 | 0 | 7 | $-450,713 |
| Mark R Szczepaniak | — | Aug. 10, 2026 S | 64,400 | 0 | 14 | $-377,714 |
| Roland Thomas Kelly | — | Aug. 6, 2026 S | 95,794 | 0 | 6 | $-548,396 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| SPG GP, LLC, Ian K. Snow, Snow Phipps Group AIV, L.P., Snow Phipps Group (RPV), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group AIV (Offshore), L.P., SPG Co-Investment, L.P. ×5 filings | Aug. 12, 2025 | 34.70% | Amendment | — | SEC |
| Pacific Investment Management Company LLC ×8 filings | May 1, 2025 | 33.10% | Amendment | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 36 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| BFOR · ALPS ETF Trust | 0.23% | 28,499 NS | May 31, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.18% | 1,044 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.05% | 42,335 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 11,185 SH | Aug. 8, 2026 | Daily |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.02% | 294,257 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.02% | 127,519 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 17,918 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 76,862 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.01% | 39,505 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 71,045 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.01% | 4,768 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 1,128 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 315,531 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.01% | 1,082 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 5,012 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.01% | 45,112 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 545 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 1,608 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 762 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 45,618 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 427 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 2,524 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 434 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 31,853 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 1,892 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 11 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 328 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 4,848 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 7,943 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 7,693 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 504 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 1,401 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 113,311 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 361,986 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 735 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.00% | 19,225 SH | Aug. 8, 2026 | Daily |