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Side-by-side financial comparison of Velocity Financial, Inc. (VEL) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $51.6M, roughly 1.6× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 3.2%, a 64.1% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 6.2%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-5.7M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs 6.3%).
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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
VEL vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $51.6M | $85.1M |
| Net Profit | $34.8M | $2.7M |
| Gross Margin | — | 49.2% |
| Operating Margin | 97.0% | 6.4% |
| Net Margin | 67.3% | 3.2% |
| Revenue YoY | 32.8% | 6.2% |
| Net Profit YoY | 67.0% | -37.3% |
| EPS (diluted) | $0.90 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $49.1M | $73.2M | ||
| Q2 25 | $47.6M | $57.9M | ||
| Q1 25 | $37.5M | $80.0M | ||
| Q4 24 | $38.9M | $80.2M | ||
| Q3 24 | $35.1M | $74.2M | ||
| Q2 24 | $32.4M | $59.2M | ||
| Q1 24 | $29.5M | $75.3M |
| Q4 25 | $34.8M | $2.7M | ||
| Q3 25 | $25.4M | $12.1M | ||
| Q2 25 | $26.0M | $-4.8M | ||
| Q1 25 | $18.9M | $-28.3M | ||
| Q4 24 | $20.8M | $4.3M | ||
| Q3 24 | $15.8M | $569.0K | ||
| Q2 24 | $14.8M | $4.4M | ||
| Q1 24 | $17.3M | $-4.7M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 50.0% | ||
| Q3 24 | — | 47.4% | ||
| Q2 24 | — | 50.6% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | 97.0% | 6.4% | ||
| Q3 25 | 72.1% | 15.2% | ||
| Q2 25 | 71.3% | -7.7% | ||
| Q1 25 | 71.7% | -37.1% | ||
| Q4 24 | 82.5% | 7.2% | ||
| Q3 24 | 60.6% | 1.5% | ||
| Q2 24 | 61.3% | 9.5% | ||
| Q1 24 | 78.8% | -2.2% |
| Q4 25 | 67.3% | 3.2% | ||
| Q3 25 | 51.7% | 16.5% | ||
| Q2 25 | 54.6% | -8.3% | ||
| Q1 25 | 50.4% | -35.5% | ||
| Q4 24 | 53.5% | 5.4% | ||
| Q3 24 | 45.1% | 0.8% | ||
| Q2 24 | 45.6% | 7.4% | ||
| Q1 24 | 58.5% | -6.2% |
| Q4 25 | $0.90 | $0.21 | ||
| Q3 25 | $0.65 | $0.93 | ||
| Q2 25 | $0.69 | $-0.37 | ||
| Q1 25 | $0.51 | $-2.25 | ||
| Q4 24 | $0.56 | $0.34 | ||
| Q3 24 | $0.44 | $0.05 | ||
| Q2 24 | $0.42 | $0.35 | ||
| Q1 24 | $0.49 | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $672.5M | $53.4M |
| Total Assets | $7.4B | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $92.1M | $1.1M | ||
| Q3 25 | $99.0M | $777.0K | ||
| Q2 25 | $79.6M | $2.6M | ||
| Q1 25 | $51.7M | $607.0K | ||
| Q4 24 | $49.9M | $892.0K | ||
| Q3 24 | $44.1M | $711.0K | ||
| Q2 24 | $47.4M | $739.0K | ||
| Q1 24 | $34.8M | $357.0K |
| Q4 25 | $672.5M | $53.4M | ||
| Q3 25 | $634.3M | $49.3M | ||
| Q2 25 | $597.9M | $37.2M | ||
| Q1 25 | $563.2M | $41.8M | ||
| Q4 24 | $516.9M | $57.1M | ||
| Q3 24 | $484.6M | $52.4M | ||
| Q2 24 | $471.3M | $51.7M | ||
| Q1 24 | $452.9M | $47.2M |
| Q4 25 | $7.4B | $246.0M | ||
| Q3 25 | $7.0B | $239.0M | ||
| Q2 25 | $6.5B | $218.0M | ||
| Q1 25 | $6.0B | $222.7M | ||
| Q4 24 | $5.5B | $254.7M | ||
| Q3 24 | $5.2B | $253.6M | ||
| Q2 24 | $4.9B | $223.1M | ||
| Q1 24 | $4.6B | $225.1M |
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 | $18.2M | $-5.1M |
| Free Cash FlowOCF − Capex | $17.9M | $-5.7M |
| FCF MarginFCF / Revenue | 34.6% | -6.7% |
| Capex IntensityCapex / Revenue | 0.5% | 0.7% |
| Cash ConversionOCF / Net Profit | 0.52× | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $40.3M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $-5.1M | ||
| Q3 25 | $11.5M | $4.2M | ||
| Q2 25 | $7.7M | $-11.8M | ||
| Q1 25 | $3.5M | $22.7M | ||
| Q4 24 | $37.8M | $6.4M | ||
| Q3 24 | $-17.6M | $-3.2M | ||
| Q2 24 | $11.5M | $-3.9M | ||
| Q1 24 | $10.6M | $14.8M |
| Q4 25 | $17.9M | $-5.7M | ||
| Q3 25 | $11.4M | $2.1M | ||
| Q2 25 | $7.6M | $-13.2M | ||
| Q1 25 | $3.5M | $21.2M | ||
| Q4 24 | $37.5M | $5.1M | ||
| Q3 24 | $-17.6M | $-3.9M | ||
| Q2 24 | $11.4M | $-4.6M | ||
| Q1 24 | $10.5M | $14.2M |
| Q4 25 | 34.6% | -6.7% | ||
| Q3 25 | 23.2% | 2.9% | ||
| Q2 25 | 15.9% | -22.9% | ||
| Q1 25 | 9.2% | 26.5% | ||
| Q4 24 | 96.4% | 6.4% | ||
| Q3 24 | -50.3% | -5.2% | ||
| Q2 24 | 35.1% | -7.8% | ||
| Q1 24 | 35.8% | 18.9% |
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | 0.1% | 2.9% | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | 0.7% | 1.6% | ||
| Q3 24 | 0.2% | 0.9% | ||
| Q2 24 | 0.3% | 1.3% | ||
| Q1 24 | 0.1% | 0.7% |
| Q4 25 | 0.52× | -1.86× | ||
| Q3 25 | 0.45× | 0.35× | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 1.81× | 1.48× | ||
| Q3 24 | -1.11× | -5.61× | ||
| Q2 24 | 0.78× | -0.89× | ||
| Q1 24 | 0.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
