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Side-by-side financial comparison of Binah Capital Group, Inc. (BCG) 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 $48.6M, roughly 1.1× Binah Capital Group, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 0.3%, a 67.0% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 12.2%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $3.1M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs 10.1%).
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.
BCG vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.6M | $51.6M |
| Net Profit | $169.0K | $34.8M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 97.0% |
| Net Margin | 0.3% | 67.3% |
| Revenue YoY | 12.2% | 32.8% |
| Net Profit YoY | 115.4% | 67.0% |
| EPS (diluted) | $-0.06 | $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.
| Q4 25 | $48.6M | $51.6M | ||
| Q3 25 | $44.8M | $49.1M | ||
| Q2 25 | $40.6M | $47.6M | ||
| Q1 25 | $48.1M | $37.5M | ||
| Q4 24 | $43.3M | $38.9M | ||
| Q3 24 | $41.0M | $35.1M | ||
| Q2 24 | $40.0M | $32.4M | ||
| Q1 24 | $40.1M | $29.5M |
| Q4 25 | $169.0K | $34.8M | ||
| Q3 25 | $1.8M | $25.4M | ||
| Q2 25 | $-654.0K | $26.0M | ||
| Q1 25 | $1.0M | $18.9M | ||
| Q4 24 | $-1.1M | $20.8M | ||
| Q3 24 | $-1.1M | $15.8M | ||
| Q2 24 | $-736.0K | $14.8M | ||
| Q1 24 | $-2.3M | $17.3M |
| Q4 25 | -0.5% | 97.0% | ||
| Q3 25 | 4.4% | 72.1% | ||
| Q2 25 | -1.4% | 71.3% | ||
| Q1 25 | 3.0% | 71.7% | ||
| Q4 24 | -1.3% | 82.5% | ||
| Q3 24 | -1.5% | 60.6% | ||
| Q2 24 | -1.3% | 61.3% | ||
| Q1 24 | -3.6% | 78.8% |
| Q4 25 | 0.3% | 67.3% | ||
| Q3 25 | 3.9% | 51.7% | ||
| Q2 25 | -1.6% | 54.6% | ||
| Q1 25 | 2.1% | 50.4% | ||
| Q4 24 | -2.5% | 53.5% | ||
| Q3 24 | -2.8% | 45.1% | ||
| Q2 24 | -1.8% | 45.6% | ||
| Q1 24 | -5.8% | 58.5% |
| Q4 25 | $-0.06 | $0.90 | ||
| Q3 25 | $0.08 | $0.65 | ||
| Q2 25 | $-0.04 | $0.69 | ||
| Q1 25 | $0.06 | $0.51 | ||
| Q4 24 | $-0.12 | $0.56 | ||
| Q3 24 | $-0.09 | $0.44 | ||
| Q2 24 | $-0.04 | $0.42 | ||
| Q1 24 | $-0.14 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $18.3M | $672.5M |
| Total Assets | $70.2M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $92.1M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | — | $79.6M | ||
| Q1 25 | — | $51.7M | ||
| Q4 24 | — | $49.9M | ||
| Q3 24 | — | $44.1M | ||
| Q2 24 | — | $47.4M | ||
| Q1 24 | — | $34.8M |
| Q4 25 | $18.3M | $672.5M | ||
| Q3 25 | $18.1M | $634.3M | ||
| Q2 25 | $16.4M | $597.9M | ||
| Q1 25 | $17.0M | $563.2M | ||
| Q4 24 | $16.2M | $516.9M | ||
| Q3 24 | $17.5M | $484.6M | ||
| Q2 24 | $17.3M | $471.3M | ||
| Q1 24 | $17.8M | $452.9M |
| Q4 25 | $70.2M | $7.4B | ||
| Q3 25 | $67.6M | $7.0B | ||
| Q2 25 | $67.8M | $6.5B | ||
| Q1 25 | $67.9M | $6.0B | ||
| Q4 24 | $66.7M | $5.5B | ||
| Q3 24 | $67.0M | $5.2B | ||
| Q2 24 | $66.1M | $4.9B | ||
| Q1 24 | $65.8M | $4.6B |
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 | $3.1M | $18.2M |
| Free Cash FlowOCF − Capex | $3.1M | $17.9M |
| FCF MarginFCF / Revenue | 6.4% | 34.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.5% |
| Cash ConversionOCF / Net Profit | 18.36× | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1M | $18.2M | ||
| Q3 25 | $931.0K | $11.5M | ||
| Q2 25 | $63.0K | $7.7M | ||
| Q1 25 | $1.1M | $3.5M | ||
| Q4 24 | $1.8M | $37.8M | ||
| Q3 24 | $-320.0K | $-17.6M | ||
| Q2 24 | $1.0M | $11.5M | ||
| Q1 24 | $-3.1M | $10.6M |
| Q4 25 | $3.1M | $17.9M | ||
| Q3 25 | $884.0K | $11.4M | ||
| Q2 25 | — | $7.6M | ||
| Q1 25 | $1.0M | $3.5M | ||
| Q4 24 | $1.7M | $37.5M | ||
| Q3 24 | — | $-17.6M | ||
| Q2 24 | $1.0M | $11.4M | ||
| Q1 24 | $-3.1M | $10.5M |
| Q4 25 | 6.4% | 34.6% | ||
| Q3 25 | 2.0% | 23.2% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | 2.2% | 9.2% | ||
| Q4 24 | 4.0% | 96.4% | ||
| Q3 24 | — | -50.3% | ||
| Q2 24 | 2.5% | 35.1% | ||
| Q1 24 | -7.9% | 35.8% |
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.1% | 0.1% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.0% | 0.2% | ||
| Q4 24 | 0.2% | 0.7% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | 18.36× | 0.52× | ||
| Q3 25 | 0.53× | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | 1.02× | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BCG
| Variable Annuities And Other Insurance Commissions | $28.7M | 59% |
| Advisory Fees | $7.7M | 16% |
| Mutual Fund Commissions | $6.6M | 14% |
| Other | $2.9M | 6% |
| Securities Commissions | $2.8M | 6% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
