vs
Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) 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 $50.3M, roughly 1.0× READING INTERNATIONAL INC). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -5.1%, a 72.4% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -14.2%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $4.1M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs 5.6%).
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
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.
RDI vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $51.6M |
| Net Profit | $-2.6M | $34.8M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 97.0% |
| Net Margin | -5.1% | 67.3% |
| Revenue YoY | -14.2% | 32.8% |
| Net Profit YoY | -14.5% | 67.0% |
| EPS (diluted) | $-0.11 | $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 | $50.3M | $51.6M | ||
| Q3 25 | $52.2M | $49.1M | ||
| Q2 25 | $60.4M | $47.6M | ||
| Q1 25 | $40.2M | $37.5M | ||
| Q4 24 | $58.6M | $38.9M | ||
| Q3 24 | $60.1M | $35.1M | ||
| Q2 24 | $46.8M | $32.4M | ||
| Q1 24 | $45.1M | $29.5M |
| Q4 25 | $-2.6M | $34.8M | ||
| Q3 25 | $-4.2M | $25.4M | ||
| Q2 25 | $-2.7M | $26.0M | ||
| Q1 25 | $-4.8M | $18.9M | ||
| Q4 24 | $-2.2M | $20.8M | ||
| Q3 24 | $-7.0M | $15.8M | ||
| Q2 24 | $-12.8M | $14.8M | ||
| Q1 24 | $-13.2M | $17.3M |
| Q4 25 | -1.9% | 97.0% | ||
| Q3 25 | -0.6% | 72.1% | ||
| Q2 25 | 4.8% | 71.3% | ||
| Q1 25 | -17.2% | 71.7% | ||
| Q4 24 | 2.6% | 82.5% | ||
| Q3 24 | -0.6% | 60.6% | ||
| Q2 24 | -16.4% | 61.3% | ||
| Q1 24 | -16.7% | 78.8% |
| Q4 25 | -5.1% | 67.3% | ||
| Q3 25 | -8.0% | 51.7% | ||
| Q2 25 | -4.4% | 54.6% | ||
| Q1 25 | -11.8% | 50.4% | ||
| Q4 24 | -3.8% | 53.5% | ||
| Q3 24 | -11.7% | 45.1% | ||
| Q2 24 | -27.4% | 45.6% | ||
| Q1 24 | -29.4% | 58.5% |
| Q4 25 | $-0.11 | $0.90 | ||
| Q3 25 | $-0.18 | $0.65 | ||
| Q2 25 | $-0.12 | $0.69 | ||
| Q1 25 | $-0.21 | $0.51 | ||
| Q4 24 | $-0.11 | $0.56 | ||
| Q3 24 | $-0.31 | $0.44 | ||
| Q2 24 | $-0.57 | $0.42 | ||
| Q1 24 | $-0.59 | $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 | $10.5M | $92.1M |
| Total DebtLower is stronger | $185.1M | — |
| Stockholders' EquityBook value | $-18.2M | $672.5M |
| Total Assets | $434.9M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $92.1M | ||
| Q3 25 | $8.1M | $99.0M | ||
| Q2 25 | $9.1M | $79.6M | ||
| Q1 25 | $5.9M | $51.7M | ||
| Q4 24 | $12.4M | $49.9M | ||
| Q3 24 | $10.1M | $44.1M | ||
| Q2 24 | $9.3M | $47.4M | ||
| Q1 24 | $7.5M | $34.8M |
| Q4 25 | $185.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $202.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-18.2M | $672.5M | ||
| Q3 25 | $-12.1M | $634.3M | ||
| Q2 25 | $-7.7M | $597.9M | ||
| Q1 25 | $-8.1M | $563.2M | ||
| Q4 24 | $-4.4M | $516.9M | ||
| Q3 24 | $1.6M | $484.6M | ||
| Q2 24 | $6.5M | $471.3M | ||
| Q1 24 | $18.0M | $452.9M |
| Q4 25 | $434.9M | $7.4B | ||
| Q3 25 | $435.2M | $7.0B | ||
| Q2 25 | $438.1M | $6.5B | ||
| Q1 25 | $441.0M | $6.0B | ||
| Q4 24 | $471.0M | $5.5B | ||
| Q3 24 | $495.7M | $5.2B | ||
| Q2 24 | $494.9M | $4.9B | ||
| Q1 24 | $494.9M | $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 | $4.3M | $18.2M |
| Free Cash FlowOCF − Capex | $4.1M | $17.9M |
| FCF MarginFCF / Revenue | 8.2% | 34.6% |
| Capex IntensityCapex / Revenue | 0.3% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $18.2M | ||
| Q3 25 | $295.0K | $11.5M | ||
| Q2 25 | $1.6M | $7.7M | ||
| Q1 25 | $-7.7M | $3.5M | ||
| Q4 24 | $8.0M | $37.8M | ||
| Q3 24 | $1.3M | $-17.6M | ||
| Q2 24 | $-10.4M | $11.5M | ||
| Q1 24 | $-2.8M | $10.6M |
| Q4 25 | $4.1M | $17.9M | ||
| Q3 25 | $-246.0K | $11.4M | ||
| Q2 25 | $1.2M | $7.6M | ||
| Q1 25 | $-8.0M | $3.5M | ||
| Q4 24 | $7.0M | $37.5M | ||
| Q3 24 | $-1.1M | $-17.6M | ||
| Q2 24 | $-10.6M | $11.4M | ||
| Q1 24 | $-4.7M | $10.5M |
| Q4 25 | 8.2% | 34.6% | ||
| Q3 25 | -0.5% | 23.2% | ||
| Q2 25 | 1.9% | 15.9% | ||
| Q1 25 | -19.8% | 9.2% | ||
| Q4 24 | 12.0% | 96.4% | ||
| Q3 24 | -1.8% | -50.3% | ||
| Q2 24 | -22.7% | 35.1% | ||
| Q1 24 | -10.4% | 35.8% |
| Q4 25 | 0.3% | 0.5% | ||
| Q3 25 | 1.0% | 0.1% | ||
| Q2 25 | 0.6% | 0.2% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 1.7% | 0.7% | ||
| Q3 24 | 4.0% | 0.2% | ||
| Q2 24 | 0.5% | 0.3% | ||
| Q1 24 | 4.3% | 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
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
