Latest revenue
—
as of —
Latest net income
—
as of —
Net margin
—
as of —
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $674.0M
- Enterprise value
- $674.0M
- P/E (trailing)
- 6.4×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $21.39
- 52-wk low
- $16.19
- Beta
- —
- Shares out
- 39.3M
5-year trend
What this company does
Item 1. Business. Our Company We are a vertically integrated real estate finance company founded in 2004. We originate, securitize, and manage a nationwide portfolio of loans secured by real estate to earn attractive risk adjusted spreads for our shareholders. We primarily originate investor loans secured by 1-4 unit residential rental properties, as well as loans for multi-family, mixed use and commercial properties. We originate loans nationwide across our extensive network of independent mortgage brokers and direct borrower relationships, which we have built and refined over the 21 years since our inception. Our objective is to be the preferred and one of the most recognized brands in…
AI summary unavailable — showing raw filing excerpt
Generated from VEL's filing dated 2026-03-12
Key risks
Item 1A. Risk Factors. References to past events are provided by way of example only and are not intended to be a complete listing or representation as to whether or not such factors have occurred in the past or their likelihood of occurring in the future. An investment in our common stock involves significant risk. We describe below material risks that management believes affect or could affect our performance. Understanding these risks is important to understanding any statement in this Annual Report and to evaluating an investment in our common stock. You should carefully read and consider the risks and uncertainties described below together with all the other information included or…
AI summary unavailable — showing raw filing excerpt
Generated from VEL's filing dated 2026-03-12
Profitability
Net margin
56.5%
12.2%Return on equity
15.6%
18.0%Return on assets
1.4%
15.0%Leverage
Debt / equity
9.98×
2.9%Debt / assets
90.9%
0.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | — | — | $22.4M | +18.4% | — |
Q4 2025 2025-12-31 | — | — | $34.8M | +69.0% | — |
Q3 2025 2025-09-30 | — | — | $25.4M | +60.6% | — |
Q2 2025 2025-06-30 | — | — | $26.0M | +75.9% | — |
Q1 2025 2025-03-31 | — | — | $18.9M | +9.5% | — |
Q4 2024 2024-12-31 | — | — | $20.6M | — | — |
Q3 2024 2024-09-30 | — | — | $15.8M | +30.8% | — |
Q2 2024 2024-06-30 | — | — | $14.8M | +21.3% | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Finance Services · SIC 6199
Your notes
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Insider activity
Insider buying
$0
Insider selling
$1.2M
Net activity
−$1.2M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns VEL
Institutional value
$650.9M
Total shares held
36.0M
Distinct holders
52
-54 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Snow Phipps Group, LLC | 13.4M | $241.6M | +0 (+0.0%) | No change |
| 2 | Allianz Asset Management GmbH | 12.6M | $228.6M | +0 (+0.0%) | No change |
| 3 | Beach Point Capital Management LP | 6.6M | $118.6M | +563.0K (+9.4%) | Added |
| 4 | BlackRock, Inc. | 1.6M | $29.7M | -30.2K (-1.8%) | Trimmed |
| 5 | DIMENSIONAL FUND ADVISORS LP | 582.5K | $10.5M | +80.5K (+16.0%) | Added |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 480.7K | $8.7M | — | New |
| 7 | HSBC HOLDINGS PLC | 86.8K | $1.6M | -53.6K (-38.2%) | Trimmed |
| 8 | NFJ INVESTMENT GROUP, LLC | 72.6K | $1.3M | +0 (+0.0%) | No change |
| 9 | VANGUARD FIDUCIARY TRUST CO | 69.4K | $1.3M | — | New |
| 10 | VANGUARD PORTFOLIO MANAGEMENT LLC | 66.7K | $1.2M | — | New |
| 11 | Creative Planning | 53.9K | $975.0K | -3.1K (-5.4%) | Trimmed |
| 12 | Bank of New York Mellon Corp | 50.9K | $920.2K | +2.1K (+4.3%) | Added |
| 13 | Mariner, LLC | 42.5K | $769.1K | -2.4K (-5.4%) | Trimmed |
| 14 | BNP PARIBAS FINANCIAL MARKETS | 39.0K | $706.2K | +33.8K (+645.0%) | Added |
| 15 | JPMORGAN CHASE & CO | 36.8K | $662.5K | +5.3K (+17.0%) | Added |
| 16 | FIRST TRUST ADVISORS LP | 31.2K | $565.0K | -72 (-0.2%) | Trimmed |
| 17 | ALPS ADVISORS INC | 28.4K | $514.6K | +3.9K (+15.8%) | Added |
| 18 | UBS Group AG | 17.4K | $315.3K | -15.5K (-47.1%) | Trimmed |
| 19 | Voya Investment Management LLC | 17.0K | $307.8K | -5.7K (-25.2%) | Trimmed |
| 20 | Nuveen, LLC | 15.0K | $271.5K | -41.2K (-73.3%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once VEL's latest filing finishes processing.