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Earnings Per Share - Schedule of Basic and Diluted Earnings Per Share Calculations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2026 | Jun. 30, 2025 | Jun. 30, 2026 | Jun. 30, 2025
Basic EPS: |  |  |  |
Net income attributable to Velocity Financial, Inc. | $ 25,163 | $ 25,997 | $ 47,526 | $ 44,884
Less: undistributed earnings attributable to unvested restricted stock awards | 341 | 286 | 694 | 523
Net earnings attributable to common stockholders | $ 24,822 | $ 25,711 | $ 46,832 | $ 44,361
Weighted average common shares outstanding | 38,730 | 37,194 | 38,678 | 35,450
Basic earnings per common share | $ 0.64 | $ 0.69 | $ 1.21 | $ 1.25
Diluted EPS: |  |  |  |
Net income attributable to Velocity Financial, Inc. | $ 25,163 | $ 25,997 | $ 47,526 | $ 44,884
Weighted average common shares outstanding | 38,730 | 37,194 | 38,678 | 35,450
Add dilutive effects for warrants |  |  |  | 1,217
Add dilutive effects for stock options | 214 | 199 | 227 | 218
Add dilutive effects of unvested restricted stock awards | 104 | 95 | 106 | 111
Add dilutive effects of unvested performance-based stock units | 256 | 302 | 224 | 312
Add dilutive effects of employee stock purchase plan |  |  | 4 | 1
Weighted average diluted common shares outstanding | 39,304 | 37,790 | 39,239 | 37,309
Diluted earnings per common share | $ 0.64 | $ 0.69 | $ 1.21 | $ 1.2

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