Velocity Financial grows portfolio 28% to $6.5B, issues $500M senior notes at 9.375%

Filed March 12, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 12, 2025 · ~1 min read

Key Changes

• high

  Issued $500M of 9.375% senior notes maturing 2031, refinancing $215M term loan at 7.125%. Higher rate reflects current market conditions but extends maturity and provides growth capital.

  MD&A: Senior Notes Issuance verify on EDGAR →
• high

  Loan portfolio grew 28% to $6.5B with originations up 49% to $2.7B. Net income rose 53% to $105M and net interest margin expanded from 3.56% to 3.61%.

  MD&A: Portfolio Growth & Profitability verify on EDGAR →
• high

  Completed 9 securitizations in 2025, issuing $2.6B in securities. Total securitization track record now 46 transactions totaling $10.6B since 2011.

  Business: Securitization Activity verify on EDGAR →