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Side-by-side financial comparison of Anika Therapeutics, Inc. (ANIK) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $29.6M, roughly 1.7× Anika Therapeutics, Inc.). On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 13.2%). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs -1.8%).
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
ANIK vs VEL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.6M | $51.6M |
| Net Profit | — | $34.8M |
| Gross Margin | 64.2% | — |
| Operating Margin | 17.3% | 97.0% |
| Net Margin | — | 67.3% |
| Revenue YoY | 13.2% | 32.8% |
| Net Profit YoY | — | 67.0% |
| EPS (diluted) | $0.27 | $0.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $30.6M | $51.6M | ||
| Q3 25 | $27.8M | $49.1M | ||
| Q2 25 | $28.2M | $47.6M | ||
| Q1 25 | $26.2M | $37.5M | ||
| Q4 24 | $30.6M | $38.9M | ||
| Q3 24 | $29.6M | $35.1M | ||
| Q2 24 | $30.7M | $32.4M |
| Q1 26 | — | — | ||
| Q4 25 | $292.0K | $34.8M | ||
| Q3 25 | $-2.3M | $25.4M | ||
| Q2 25 | $-4.0M | $26.0M | ||
| Q1 25 | $-4.9M | $18.9M | ||
| Q4 24 | $-21.9M | $20.8M | ||
| Q3 24 | $-29.9M | $15.8M | ||
| Q2 24 | $-88.0K | $14.8M |
| Q1 26 | 64.2% | — | ||
| Q4 25 | 62.6% | — | ||
| Q3 25 | 56.0% | — | ||
| Q2 25 | 50.9% | — | ||
| Q1 25 | 56.1% | — | ||
| Q4 24 | 56.0% | — | ||
| Q3 24 | 65.7% | — | ||
| Q2 24 | 66.7% | — |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 2.1% | 97.0% | ||
| Q3 25 | -11.6% | 72.1% | ||
| Q2 25 | -14.8% | 71.3% | ||
| Q1 25 | -16.4% | 71.7% | ||
| Q4 24 | -2.3% | 82.5% | ||
| Q3 24 | -0.3% | 60.6% | ||
| Q2 24 | -5.9% | 61.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 67.3% | ||
| Q3 25 | -8.4% | 51.7% | ||
| Q2 25 | -14.1% | 54.6% | ||
| Q1 25 | -18.6% | 50.4% | ||
| Q4 24 | -71.4% | 53.5% | ||
| Q3 24 | -101.2% | 45.1% | ||
| Q2 24 | -0.3% | 45.6% |
| Q1 26 | $0.27 | — | ||
| Q4 25 | $0.02 | $0.90 | ||
| Q3 25 | $-0.16 | $0.65 | ||
| Q2 25 | $-0.28 | $0.69 | ||
| Q1 25 | $-0.34 | $0.51 | ||
| Q4 24 | $-1.49 | $0.56 | ||
| Q3 24 | $-2.03 | $0.44 | ||
| Q2 24 | $0.00 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.0M | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $133.9M | $672.5M |
| Total Assets | $179.4M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $41.0M | — | ||
| Q4 25 | $81.2M | $92.1M | ||
| Q3 25 | $80.2M | $99.0M | ||
| Q2 25 | $77.1M | $79.6M | ||
| Q1 25 | $75.4M | $51.7M | ||
| Q4 24 | $79.2M | $49.9M | ||
| Q3 24 | $90.7M | $44.1M | ||
| Q2 24 | $96.6M | $47.4M |
| Q1 26 | $133.9M | — | ||
| Q4 25 | $143.5M | $672.5M | ||
| Q3 25 | $146.8M | $634.3M | ||
| Q2 25 | $147.7M | $597.9M | ||
| Q1 25 | $148.4M | $563.2M | ||
| Q4 24 | $154.0M | $516.9M | ||
| Q3 24 | $179.9M | $484.6M | ||
| Q2 24 | $210.3M | $471.3M |
| Q1 26 | $179.4M | — | ||
| Q4 25 | $190.3M | $7.4B | ||
| Q3 25 | $189.4M | $7.0B | ||
| Q2 25 | $187.7M | $6.5B | ||
| Q1 25 | $190.6M | $6.0B | ||
| Q4 24 | $202.7M | $5.5B | ||
| Q3 24 | $231.4M | $5.2B | ||
| Q2 24 | $262.7M | $4.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $18.2M |
| Free Cash FlowOCF − Capex | — | $17.9M |
| FCF MarginFCF / Revenue | — | 34.6% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.6M | $18.2M | ||
| Q3 25 | $6.9M | $11.5M | ||
| Q2 25 | $-189.0K | $7.7M | ||
| Q1 25 | $-130.0K | $3.5M | ||
| Q4 24 | $1.6M | $37.8M | ||
| Q3 24 | $5.0M | $-17.6M | ||
| Q2 24 | $-1.1M | $11.5M |
| Q1 26 | — | — | ||
| Q4 25 | $4.0M | $17.9M | ||
| Q3 25 | $5.0M | $11.4M | ||
| Q2 25 | $-1.7M | $7.6M | ||
| Q1 25 | $-3.0M | $3.5M | ||
| Q4 24 | $275.0K | $37.5M | ||
| Q3 24 | $3.8M | $-17.6M | ||
| Q2 24 | $-4.5M | $11.4M |
| Q1 26 | — | — | ||
| Q4 25 | 13.0% | 34.6% | ||
| Q3 25 | 17.9% | 23.2% | ||
| Q2 25 | -5.9% | 15.9% | ||
| Q1 25 | -11.3% | 9.2% | ||
| Q4 24 | 0.9% | 96.4% | ||
| Q3 24 | 12.9% | -50.3% | ||
| Q2 24 | -14.6% | 35.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.5% | ||
| Q3 25 | 6.8% | 0.1% | ||
| Q2 25 | 5.2% | 0.2% | ||
| Q1 25 | 10.8% | 0.2% | ||
| Q4 24 | 4.3% | 0.7% | ||
| Q3 24 | 4.1% | 0.2% | ||
| Q2 24 | 11.1% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 15.88× | 0.52× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANIK
| OEM Channel | $17.0M | 57% |
| Commercial Channel | $12.6M | 43% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
