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Side-by-side financial comparison of Cambium Networks Corp (CMBM) 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 $40.3M, roughly 1.3× Cambium Networks Corp). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -17.9%, a 85.3% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -23.2%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-10.8M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
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.
CMBM vs VEL — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $51.6M |
| Net Profit | $-7.2M | $34.8M |
| Gross Margin | 36.6% | — |
| Operating Margin | -28.4% | 97.0% |
| Net Margin | -17.9% | 67.3% |
| Revenue YoY | -23.2% | 32.8% |
| Net Profit YoY | 71.0% | 67.0% |
| EPS (diluted) | $-0.26 | $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 | — | $51.6M | ||
| Q3 25 | — | $49.1M | ||
| Q2 25 | — | $47.6M | ||
| Q1 25 | — | $37.5M | ||
| Q4 24 | $40.3M | $38.9M | ||
| Q3 24 | $44.7M | $35.1M | ||
| Q2 24 | $45.2M | $32.4M | ||
| Q1 24 | $47.1M | $29.5M |
| Q4 25 | — | $34.8M | ||
| Q3 25 | — | $25.4M | ||
| Q2 25 | — | $26.0M | ||
| Q1 25 | — | $18.9M | ||
| Q4 24 | $-7.2M | $20.8M | ||
| Q3 24 | $-34.5M | $15.8M | ||
| Q2 24 | $-14.2M | $14.8M | ||
| Q1 24 | $-18.4M | $17.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 29.8% | — |
| Q4 25 | — | 97.0% | ||
| Q3 25 | — | 72.1% | ||
| Q2 25 | — | 71.3% | ||
| Q1 25 | — | 71.7% | ||
| Q4 24 | -28.4% | 82.5% | ||
| Q3 24 | -69.6% | 60.6% | ||
| Q2 24 | -27.2% | 61.3% | ||
| Q1 24 | -33.1% | 78.8% |
| Q4 25 | — | 67.3% | ||
| Q3 25 | — | 51.7% | ||
| Q2 25 | — | 54.6% | ||
| Q1 25 | — | 50.4% | ||
| Q4 24 | -17.9% | 53.5% | ||
| Q3 24 | -77.3% | 45.1% | ||
| Q2 24 | -31.5% | 45.6% | ||
| Q1 24 | -39.2% | 58.5% |
| Q4 25 | — | $0.90 | ||
| Q3 25 | — | $0.65 | ||
| Q2 25 | — | $0.69 | ||
| Q1 25 | — | $0.51 | ||
| Q4 24 | $-0.26 | $0.56 | ||
| Q3 24 | $-1.22 | $0.44 | ||
| Q2 24 | $-0.51 | $0.42 | ||
| Q1 24 | $-0.66 | $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 | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $672.5M |
| Total Assets | $173.7M | $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 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
| Q4 25 | — | $672.5M | ||
| Q3 25 | — | $634.3M | ||
| Q2 25 | — | $597.9M | ||
| Q1 25 | — | $563.2M | ||
| Q4 24 | $-3.2M | $516.9M | ||
| Q3 24 | $1.9M | $484.6M | ||
| Q2 24 | $34.1M | $471.3M | ||
| Q1 24 | $45.0M | $452.9M |
| Q4 25 | — | $7.4B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $6.5B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | $173.7M | $5.5B | ||
| Q3 24 | $194.3M | $5.2B | ||
| Q2 24 | $221.1M | $4.9B | ||
| Q1 24 | $219.8M | $4.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
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 | $-10.4M | $18.2M |
| Free Cash FlowOCF − Capex | $-10.8M | $17.9M |
| FCF MarginFCF / Revenue | -26.8% | 34.6% |
| Capex IntensityCapex / Revenue | 1.1% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $18.2M | ||
| Q3 25 | — | $11.5M | ||
| Q2 25 | — | $7.7M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | $-10.4M | $37.8M | ||
| Q3 24 | $8.9M | $-17.6M | ||
| Q2 24 | $2.4M | $11.5M | ||
| Q1 24 | $-15.9M | $10.6M |
| Q4 25 | — | $17.9M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $7.6M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | $-10.8M | $37.5M | ||
| Q3 24 | $6.8M | $-17.6M | ||
| Q2 24 | $87.0K | $11.4M | ||
| Q1 24 | $-17.4M | $10.5M |
| Q4 25 | — | 34.6% | ||
| Q3 25 | — | 23.2% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | -26.8% | 96.4% | ||
| Q3 24 | 15.2% | -50.3% | ||
| Q2 24 | 0.2% | 35.1% | ||
| Q1 24 | -37.0% | 35.8% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 1.1% | 0.7% | ||
| Q3 24 | 4.8% | 0.2% | ||
| Q2 24 | 5.1% | 0.3% | ||
| Q1 24 | 3.3% | 0.1% |
| Q4 25 | — | 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× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
