Velocity Financial, Inc. Annual Income Tax Expense (Benefit) in USD from 2018 to 2024

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Velocity Financial, Inc. quarterly/annual Income Tax Expense (Benefit) history and growth rate from 2018 to 2024.
  • Velocity Financial, Inc. Income Tax Expense (Benefit) for the quarter ending December 31, 2024 was $11.2M, a 118% increase year-over-year.
  • Velocity Financial, Inc. Income Tax Expense (Benefit) for the twelve months ending December 31, 2024 was $27.9M, a 48.3% increase year-over-year.
  • Velocity Financial, Inc. annual Income Tax Expense (Benefit) for 2024 was $27.9M, a 48.3% increase from 2023.
  • Velocity Financial, Inc. annual Income Tax Expense (Benefit) for 2023 was $18.8M, a 56.5% increase from 2022.
  • Velocity Financial, Inc. annual Income Tax Expense (Benefit) for 2022 was $12M, a 13.9% increase from 2021.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2024 $27.9M +$9.09M +48.3% Jan 1, 2024 Dec 31, 2024 10-K 2025-03-12
2023 $18.8M +$6.8M +56.5% Jan 1, 2023 Dec 31, 2023 10-K 2025-03-12
2022 $12M +$1.46M +13.9% Jan 1, 2022 Dec 31, 2022 10-K 2025-03-12
2021 $10.6M +$5.22M +97.5% Jan 1, 2021 Dec 31, 2021 10-K 2024-03-15
2020 $5.35M -$2.75M -34% Jan 1, 2020 Dec 31, 2020 10-K 2023-03-13
2019 $8.11M -$3.51M -30.2% Jan 1, 2019 Dec 31, 2019 10-K 2022-03-15
2018 $11.6M Jan 1, 2018 Dec 31, 2018 10-K 2021-03-17
* An asterisk sign (*) next to the value indicates that the value is likely invalid.