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Side-by-side financial comparison of Golden Matrix Group, Inc. (GMGI) 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 $49.6M, roughly 1.0× Golden Matrix Group, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -179.0%, a 246.3% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -15.8%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $6.4M). Over the past eight quarters, Golden Matrix Group, Inc.'s revenue compounded faster (104.6% CAGR vs 32.3%).
Golden Matrix Group Inc. is a global gaming tech firm that develops and licenses proprietary online gaming platforms, social casino products and interactive solutions. It serves B2B gaming operator clients across North America, Europe and Asia-Pacific, plus runs direct-to-consumer casual gaming properties.
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.
GMGI vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.6M | $51.6M |
| Net Profit | $-88.7M | $34.8M |
| Gross Margin | 57.5% | — |
| Operating Margin | -188.3% | 97.0% |
| Net Margin | -179.0% | 67.3% |
| Revenue YoY | -15.8% | 32.8% |
| Net Profit YoY | -4880.1% | 67.0% |
| EPS (diluted) | $-7.73 | $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 | $49.6M | $51.6M | ||
| Q3 25 | $47.3M | $49.1M | ||
| Q2 25 | $43.2M | $47.6M | ||
| Q1 25 | $42.7M | $37.5M | ||
| Q4 24 | $58.9M | $38.9M | ||
| Q3 24 | $41.0M | $35.1M | ||
| Q2 24 | $39.4M | $32.4M | ||
| Q1 24 | $11.8M | $29.5M |
| Q4 25 | $-88.7M | $34.8M | ||
| Q3 25 | $566.0K | $25.4M | ||
| Q2 25 | $-3.6M | $26.0M | ||
| Q1 25 | $-231.6K | $18.9M | ||
| Q4 24 | $1.9M | $20.8M | ||
| Q3 24 | $-3.4M | $15.8M | ||
| Q2 24 | $64.9K | $14.8M | ||
| Q1 24 | $74.5K | $17.3M |
| Q4 25 | 57.5% | — | ||
| Q3 25 | 55.8% | — | ||
| Q2 25 | 56.4% | — | ||
| Q1 25 | 56.6% | — | ||
| Q4 24 | 69.8% | — | ||
| Q3 24 | 54.7% | — | ||
| Q2 24 | 55.0% | — | ||
| Q1 24 | 28.5% | — |
| Q4 25 | -188.3% | 97.0% | ||
| Q3 25 | -0.8% | 72.1% | ||
| Q2 25 | -5.3% | 71.3% | ||
| Q1 25 | -0.2% | 71.7% | ||
| Q4 24 | 5.6% | 82.5% | ||
| Q3 24 | -2.4% | 60.6% | ||
| Q2 24 | 0.3% | 61.3% | ||
| Q1 24 | 2.4% | 78.8% |
| Q4 25 | -179.0% | 67.3% | ||
| Q3 25 | 1.2% | 51.7% | ||
| Q2 25 | -8.3% | 54.6% | ||
| Q1 25 | -0.5% | 50.4% | ||
| Q4 24 | 3.2% | 53.5% | ||
| Q3 24 | -8.3% | 45.1% | ||
| Q2 24 | 0.2% | 45.6% | ||
| Q1 24 | 0.6% | 58.5% |
| Q4 25 | $-7.73 | $0.90 | ||
| Q3 25 | $0.00 | $0.65 | ||
| Q2 25 | $-0.03 | $0.69 | ||
| Q1 25 | $0.00 | $0.51 | ||
| Q4 24 | $-0.13 | $0.56 | ||
| Q3 24 | $-0.03 | $0.44 | ||
| Q2 24 | $0.00 | $0.42 | ||
| Q1 24 | $0.00 | $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 | $46.5M | $672.5M |
| Total Assets | $118.1M | $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 | $46.5M | $672.5M | ||
| Q3 25 | $123.5M | $634.3M | ||
| Q2 25 | $121.3M | $597.9M | ||
| Q1 25 | $108.5M | $563.2M | ||
| Q4 24 | $105.1M | $516.9M | ||
| Q3 24 | $94.3M | $484.6M | ||
| Q2 24 | $90.4M | $471.3M | ||
| Q1 24 | $32.1M | $452.9M |
| Q4 25 | $118.1M | $7.4B | ||
| Q3 25 | $209.8M | $7.0B | ||
| Q2 25 | $210.3M | $6.5B | ||
| Q1 25 | $214.0M | $6.0B | ||
| Q4 24 | $213.7M | $5.5B | ||
| Q3 24 | $213.5M | $5.2B | ||
| Q2 24 | $191.5M | $4.9B | ||
| Q1 24 | $37.1M | $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 | $8.2M | $18.2M |
| Free Cash FlowOCF − Capex | $6.4M | $17.9M |
| FCF MarginFCF / Revenue | 13.0% | 34.6% |
| Capex IntensityCapex / Revenue | 3.6% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $19.2M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $18.2M | ||
| Q3 25 | $7.0M | $11.5M | ||
| Q2 25 | $2.4M | $7.7M | ||
| Q1 25 | $7.7M | $3.5M | ||
| Q4 24 | — | $37.8M | ||
| Q3 24 | $4.8M | $-17.6M | ||
| Q2 24 | — | $11.5M | ||
| Q1 24 | $8.2K | $10.6M |
| Q4 25 | $6.4M | $17.9M | ||
| Q3 25 | $6.2M | $11.4M | ||
| Q2 25 | $-89.4K | $7.6M | ||
| Q1 25 | $6.6M | $3.5M | ||
| Q4 24 | — | $37.5M | ||
| Q3 24 | $2.3M | $-17.6M | ||
| Q2 24 | — | $11.4M | ||
| Q1 24 | $6.7K | $10.5M |
| Q4 25 | 13.0% | 34.6% | ||
| Q3 25 | 13.1% | 23.2% | ||
| Q2 25 | -0.2% | 15.9% | ||
| Q1 25 | 15.5% | 9.2% | ||
| Q4 24 | — | 96.4% | ||
| Q3 24 | 5.6% | -50.3% | ||
| Q2 24 | — | 35.1% | ||
| Q1 24 | 0.1% | 35.8% |
| Q4 25 | 3.6% | 0.5% | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 5.7% | 0.2% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 6.0% | 0.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | 12.42× | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | 0.11× | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GMGI
| R Kings And CFAC | $43.8M | 88% |
| Other | $5.8M | 12% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
