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Side-by-side financial comparison of WM TECHNOLOGY, INC. (MAPS) 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 $43.1M, roughly 1.2× WM TECHNOLOGY, INC.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -8.3%, a 75.6% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -9.7%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-280.0K). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs -1.5%).
WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.
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.
MAPS vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.1M | $51.6M |
| Net Profit | $-3.6M | $34.8M |
| Gross Margin | 94.9% | — |
| Operating Margin | -13.5% | 97.0% |
| Net Margin | -8.3% | 67.3% |
| Revenue YoY | -9.7% | 32.8% |
| Net Profit YoY | -251.9% | 67.0% |
| EPS (diluted) | — | $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 | $43.1M | $51.6M | ||
| Q3 25 | $42.2M | $49.1M | ||
| Q2 25 | $44.8M | $47.6M | ||
| Q1 25 | $44.6M | $37.5M | ||
| Q4 24 | $47.7M | $38.9M | ||
| Q3 24 | $46.6M | $35.1M | ||
| Q2 24 | $45.9M | $32.4M | ||
| Q1 24 | $44.4M | $29.5M |
| Q4 25 | $-3.6M | $34.8M | ||
| Q3 25 | $2.5M | $25.4M | ||
| Q2 25 | $1.4M | $26.0M | ||
| Q1 25 | $1.6M | $18.9M | ||
| Q4 24 | $2.4M | $20.8M | ||
| Q3 24 | $3.3M | $15.8M | ||
| Q2 24 | $716.0K | $14.8M | ||
| Q1 24 | $1.2M | $17.3M |
| Q4 25 | 94.9% | — | ||
| Q3 25 | 95.0% | — | ||
| Q2 25 | 94.9% | — | ||
| Q1 25 | 95.0% | — | ||
| Q4 24 | 95.2% | — | ||
| Q3 24 | 95.3% | — | ||
| Q2 24 | 95.1% | — | ||
| Q1 24 | 94.8% | — |
| Q4 25 | -13.5% | 97.0% | ||
| Q3 25 | 4.6% | 72.1% | ||
| Q2 25 | 4.4% | 71.3% | ||
| Q1 25 | 5.9% | 71.7% | ||
| Q4 24 | 9.6% | 82.5% | ||
| Q3 24 | 11.2% | 60.6% | ||
| Q2 24 | 2.7% | 61.3% | ||
| Q1 24 | 8.5% | 78.8% |
| Q4 25 | -8.3% | 67.3% | ||
| Q3 25 | 5.8% | 51.7% | ||
| Q2 25 | 3.2% | 54.6% | ||
| Q1 25 | 3.7% | 50.4% | ||
| Q4 24 | 4.9% | 53.5% | ||
| Q3 24 | 7.2% | 45.1% | ||
| Q2 24 | 1.6% | 45.6% | ||
| Q1 24 | 2.8% | 58.5% |
| Q4 25 | — | $0.90 | ||
| Q3 25 | — | $0.65 | ||
| Q2 25 | — | $0.69 | ||
| Q1 25 | $0.02 | $0.51 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.44 | ||
| Q2 24 | — | $0.42 | ||
| Q1 24 | $0.01 | $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 | $62.4M | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $57.2M | $672.5M |
| Total Assets | $190.7M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.4M | $92.1M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | — | $79.6M | ||
| Q1 25 | — | $51.7M | ||
| Q4 24 | $52.0M | $49.9M | ||
| Q3 24 | — | $44.1M | ||
| Q2 24 | — | $47.4M | ||
| Q1 24 | — | $34.8M |
| Q4 25 | $57.2M | $672.5M | ||
| Q3 25 | $56.9M | $634.3M | ||
| Q2 25 | $52.7M | $597.9M | ||
| Q1 25 | $48.5M | $563.2M | ||
| Q4 24 | $36.1M | $516.9M | ||
| Q3 24 | $29.5M | $484.6M | ||
| Q2 24 | $24.5M | $471.3M | ||
| Q1 24 | $20.8M | $452.9M |
| Q4 25 | $190.7M | $7.4B | ||
| Q3 25 | $192.9M | $7.0B | ||
| Q2 25 | $188.1M | $6.5B | ||
| Q1 25 | $183.8M | $6.0B | ||
| Q4 24 | $181.9M | $5.5B | ||
| Q3 24 | $173.6M | $5.2B | ||
| Q2 24 | $168.0M | $4.9B | ||
| Q1 24 | $165.8M | $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 | $3.0M | $18.2M |
| Free Cash FlowOCF − Capex | $-280.0K | $17.9M |
| FCF MarginFCF / Revenue | -0.7% | 34.6% |
| Capex IntensityCapex / Revenue | 7.7% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $13.5M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $18.2M | ||
| Q3 25 | $6.4M | $11.5M | ||
| Q2 25 | $11.1M | $7.7M | ||
| Q1 25 | $5.7M | $3.5M | ||
| Q4 24 | $9.4M | $37.8M | ||
| Q3 24 | $7.2M | $-17.6M | ||
| Q2 24 | $12.7M | $11.5M | ||
| Q1 24 | $7.4M | $10.6M |
| Q4 25 | $-280.0K | $17.9M | ||
| Q3 25 | $3.6M | $11.4M | ||
| Q2 25 | $8.2M | $7.6M | ||
| Q1 25 | $2.0M | $3.5M | ||
| Q4 24 | $7.3M | $37.5M | ||
| Q3 24 | $4.9M | $-17.6M | ||
| Q2 24 | $10.1M | $11.4M | ||
| Q1 24 | $2.9M | $10.5M |
| Q4 25 | -0.7% | 34.6% | ||
| Q3 25 | 8.4% | 23.2% | ||
| Q2 25 | 18.3% | 15.9% | ||
| Q1 25 | 4.5% | 9.2% | ||
| Q4 24 | 15.2% | 96.4% | ||
| Q3 24 | 10.4% | -50.3% | ||
| Q2 24 | 21.9% | 35.1% | ||
| Q1 24 | 6.4% | 35.8% |
| Q4 25 | 7.7% | 0.5% | ||
| Q3 25 | 6.8% | 0.1% | ||
| Q2 25 | 6.3% | 0.2% | ||
| Q1 25 | 8.2% | 0.2% | ||
| Q4 24 | 4.5% | 0.7% | ||
| Q3 24 | 5.1% | 0.2% | ||
| Q2 24 | 5.7% | 0.3% | ||
| Q1 24 | 10.2% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | 2.61× | 0.45× | ||
| Q2 25 | 7.75× | 0.29× | ||
| Q1 25 | 3.44× | 0.19× | ||
| Q4 24 | 4.00× | 1.81× | ||
| Q3 24 | 2.17× | -1.11× | ||
| Q2 24 | 17.67× | 0.78× | ||
| Q1 24 | 5.97× | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
