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Side-by-side financial comparison of Velocity Financial, Inc. (VEL) and Zevia PBC (ZVIA). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $37.9M, roughly 1.4× Zevia PBC). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -3.4%, a 70.8% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -4.0%). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs -1.2%).
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.
Zevia is a Los Angeles based company that produces soft drinks, organic tea, energy drinks, and mixers sweetened with stevia. All Zevia products are zero-calorie, sugar-free, gluten free, vegan, certified kosher, and certified by The Non-GMO Project. In June 2021, Zevia filed to go public with an IPO.
VEL vs ZVIA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.6M | $37.9M |
| Net Profit | $34.8M | $-1.3M |
| Gross Margin | — | 47.7% |
| Operating Margin | 97.0% | -4.0% |
| Net Margin | 67.3% | -3.4% |
| Revenue YoY | 32.8% | -4.0% |
| Net Profit YoY | 67.0% | 80.9% |
| EPS (diluted) | $0.90 | $-0.02 |
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 | $37.9M | ||
| Q3 25 | $49.1M | $40.8M | ||
| Q2 25 | $47.6M | $44.5M | ||
| Q1 25 | $37.5M | $38.0M | ||
| Q4 24 | $38.9M | $39.5M | ||
| Q3 24 | $35.1M | $36.4M | ||
| Q2 24 | $32.4M | $40.4M | ||
| Q1 24 | $29.5M | $38.8M |
| Q4 25 | $34.8M | $-1.3M | ||
| Q3 25 | $25.4M | $-2.7M | ||
| Q2 25 | $26.0M | $-651.0K | ||
| Q1 25 | $18.9M | $-6.4M | ||
| Q4 24 | $20.8M | $-6.8M | ||
| Q3 24 | $15.8M | $-2.5M | ||
| Q2 24 | $14.8M | $-7.0M | ||
| Q1 24 | $17.3M | $-7.2M |
| Q4 25 | — | 47.7% | ||
| Q3 25 | — | 45.6% | ||
| Q2 25 | — | 48.7% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 49.2% | ||
| Q3 24 | — | 49.1% | ||
| Q2 24 | — | 41.9% | ||
| Q1 24 | — | 45.7% |
| Q4 25 | 97.0% | -4.0% | ||
| Q3 25 | 72.1% | -7.0% | ||
| Q2 25 | 71.3% | -2.3% | ||
| Q1 25 | 71.7% | -16.8% | ||
| Q4 24 | 82.5% | -16.1% | ||
| Q3 24 | 60.6% | -8.2% | ||
| Q2 24 | 61.3% | -17.5% | ||
| Q1 24 | 78.8% | -18.8% |
| Q4 25 | 67.3% | -3.4% | ||
| Q3 25 | 51.7% | -6.6% | ||
| Q2 25 | 54.6% | -1.5% | ||
| Q1 25 | 50.4% | -16.8% | ||
| Q4 24 | 53.5% | -17.2% | ||
| Q3 24 | 45.1% | -6.9% | ||
| Q2 24 | 45.6% | -17.2% | ||
| Q1 24 | 58.5% | -18.6% |
| Q4 25 | $0.90 | $-0.02 | ||
| Q3 25 | $0.65 | $-0.04 | ||
| Q2 25 | $0.69 | $-0.01 | ||
| Q1 25 | $0.51 | $-0.08 | ||
| Q4 24 | $0.56 | $-0.10 | ||
| Q3 24 | $0.44 | $-0.04 | ||
| Q2 24 | $0.42 | $-0.10 | ||
| Q1 24 | $0.49 | $-0.10 |
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 | $25.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $672.5M | $51.0M |
| Total Assets | $7.4B | $63.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $92.1M | $25.4M | ||
| Q3 25 | $99.0M | $26.0M | ||
| Q2 25 | $79.6M | — | ||
| Q1 25 | $51.7M | — | ||
| Q4 24 | $49.9M | $30.7M | ||
| Q3 24 | $44.1M | — | ||
| Q2 24 | $47.4M | — | ||
| Q1 24 | $34.8M | — |
| Q4 25 | $672.5M | $51.0M | ||
| Q3 25 | $634.3M | $51.3M | ||
| Q2 25 | $597.9M | $53.0M | ||
| Q1 25 | $563.2M | $53.7M | ||
| Q4 24 | $516.9M | $64.9M | ||
| Q3 24 | $484.6M | $72.5M | ||
| Q2 24 | $471.3M | $75.0M | ||
| Q1 24 | $452.9M | $80.3M |
| Q4 25 | $7.4B | $63.6M | ||
| Q3 25 | $7.0B | $60.0M | ||
| Q2 25 | $6.5B | $62.5M | ||
| Q1 25 | $6.0B | $62.0M | ||
| Q4 24 | $5.5B | $68.0M | ||
| Q3 24 | $5.2B | $72.9M | ||
| Q2 24 | $4.9B | $72.8M | ||
| Q1 24 | $4.6B | $85.1M |
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 | $-507.0K |
| Free Cash FlowOCF − Capex | $17.9M | — |
| FCF MarginFCF / Revenue | 34.6% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | 0.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $-507.0K | ||
| Q3 25 | $11.5M | $116.0K | ||
| Q2 25 | $7.7M | $-1.4M | ||
| Q1 25 | $3.5M | $-2.9M | ||
| Q4 24 | $37.8M | $-2.0M | ||
| Q3 24 | $-17.6M | $3.9M | ||
| Q2 24 | $11.5M | $282.0K | ||
| Q1 24 | $10.6M | $-3.2M |
| Q4 25 | $17.9M | — | ||
| Q3 25 | $11.4M | — | ||
| Q2 25 | $7.6M | — | ||
| Q1 25 | $3.5M | — | ||
| Q4 24 | $37.5M | — | ||
| Q3 24 | $-17.6M | — | ||
| Q2 24 | $11.4M | — | ||
| Q1 24 | $10.5M | — |
| Q4 25 | 34.6% | — | ||
| Q3 25 | 23.2% | — | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 96.4% | — | ||
| Q3 24 | -50.3% | — | ||
| Q2 24 | 35.1% | — | ||
| Q1 24 | 35.8% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 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
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
ZVIA
Segment breakdown not available.
