Bridgewater Banc Financials

BWBBP

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Bridgewater Banc (BWBBP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 43/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Bridgewater Banc's revenue grew 10.6% year-over-year to $245.9M, a solid pace of expansion. This earns a growth score of 59/100.

Leverage

Bridgewater Banc has elevated debt relative to equity (D/E of 10.06), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Bridgewater Banc converts 17.2% of revenue into free cash flow ($42.3M). This strong cash generation earns a score of 86/100.

Returns

Bridgewater Banc generates a 7.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is down from 9.4% the prior year.

Piotroski F-Score Neutral

5/9

Bridgewater Banc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.41x

For every $1 of reported earnings, Bridgewater Banc generates $1.41 in operating cash flow ($46.4M OCF vs $32.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$245.9M

YoY+10.6%

5Y CAGR+18.8%

Bridgewater Banc generated $245.9M in revenue in fiscal year 2024. This represents an increase of 10.6% from the prior year.

EBITDA

N/A

Free Cash Flow

$42.3M

YoY+56.4%

5Y CAGR+12.0%

Bridgewater Banc generated $42.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 56.4% from the prior year.

Net Income

$32.8M

YoY-17.9%

5Y CAGR+0.9%

Bridgewater Banc reported $32.8M in net income in fiscal year 2024. This represents a decrease of 17.9% from the prior year.

EPS (Diluted)

$1.03

YoY-18.9%

5Y CAGR-0.4%

Bridgewater Banc earned $1.03 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 18.9% from the prior year.

Cash & Debt

$229.8M

YoY+78.7%

5Y CAGR+48.4%

Bridgewater Banc held $229.8M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

28M

YoY-0.7%

5Y CAGR-1.0%

Bridgewater Banc had 28M shares outstanding in fiscal year 2024. This represents a decrease of 0.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

13.4%

YoY-4.6pp

5Y CAGR-16.9pp

Bridgewater Banc's net profit margin was 13.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.6 percentage points from the prior year.

Return on Equity

7.2%

YoY-2.2pp

5Y CAGR-5.7pp

Bridgewater Banc's ROE was 7.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$5.2M

YoY+14.4%

5Y CAGR-19.1%

Bridgewater Banc spent $5.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 14.4% from the prior year.

Capital Expenditures

$4.1M

YoY+37.4%

5Y CAGR-23.5%

Bridgewater Banc invested $4.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 37.4% from the prior year.

BWBBP Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$245.9M+10.6%	$222.4M+35.8%	$163.7M+27.0%	$128.9M+12.2%	$114.8M+10.6%	$103.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$143.7M+22.6%	$117.2M+244.7%	$34.0M+75.5%	$19.4M-27.9%	$26.9M-9.4%	$29.6M
Income Tax	$9.9M-21.1%	$12.6M-31.4%	$18.3M+15.3%	$15.9M+87.5%	$8.5M+22.4%	$6.9M
Net Income	$32.8M-17.9%	$40.0M-25.2%	$53.4M+16.9%	$45.7M+68.0%	$27.2M-13.4%	$31.4M
EPS (Diluted)	$1.03-18.9%	$1.27-26.2%	$1.72+11.7%	$1.54+65.6%	$0.93-11.4%	$1.05

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$73.6M+6.4%	$69.2M+5.3%	$65.7M+3.8%	$63.3M+0.5%	$63.0M+3.5%	$60.9M+3.8%	$58.7M+0.2%	$58.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$39.5M+7.6%	$36.7M+3.5%	$35.5M-2.4%	$36.4M-2.9%	$37.4M+4.3%	$35.9M+5.4%	$34.0M+2.4%	$33.2M
Income Tax	$3.5M-3.4%	$3.6M+19.9%	$3.0M+30.7%	$2.3M-14.0%	$2.7M+7.2%	$2.5M+3.9%	$2.4M+2.2%	$2.4M
Net Income	$11.6M+0.7%	$11.5M+19.6%	$9.6M+17.4%	$8.2M-5.4%	$8.7M+6.9%	$8.1M+3.6%	$7.8M-11.7%	$8.9M
EPS (Diluted)	$0.380.0%	$0.38+22.6%	$0.31+19.2%	$0.26-3.7%	$0.27+3.8%	$0.26+8.3%	$0.24-17.2%	$0.29

BWBBP Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$5.1B+9.8%	$4.6B+6.1%	$4.3B+25.0%	$3.5B+18.8%	$2.9B+29.0%	$2.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$229.8M+78.7%	$128.6M+47.7%	$87.0M-39.3%	$143.5M-10.7%	$160.7M+403.1%	$31.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$12.0M+356.3%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M
Total Liabilities	$4.6B+10.1%	$4.2B+5.9%	$4.0B+27.5%	$3.1B+16.4%	$2.7B+31.5%	$2.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$457.9M+7.6%	$425.5M+8.0%	$394.1M+3.9%	$379.3M+42.9%	$265.4M+8.4%	$244.8M
Retained Earnings	$309.4M+10.3%	$280.6M+12.9%	$248.7M+24.7%	$199.3M+28.8%	$154.8M+21.3%	$127.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$5.4B+1.2%	$5.3B+3.1%	$5.1B+1.4%	$5.1B+8.0%	$4.7B+0.1%	$4.7B-0.8%	$4.7B+2.4%	$4.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$131.8M-39.4%	$217.5M+30.9%	$166.2M-27.7%	$229.8M+19.8%	$191.9M+43.1%	$134.1M-6.5%	$143.4M+11.5%	$128.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$12.0M0.0%	$12.0M0.0%	$12.0M0.0%	$12.0M+356.3%	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M
Total Liabilities	$4.9B+0.9%	$4.8B+3.3%	$4.7B+1.3%	$4.6B+8.7%	$4.2B-0.2%	$4.2B-1.0%	$4.3B+2.5%	$4.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$497.5M+4.4%	$476.3M+1.6%	$469.0M+2.4%	$457.9M+1.3%	$452.2M+3.0%	$439.2M+1.3%	$433.6M+1.9%	$425.5M
Retained Earnings	$339.1M+3.2%	$328.5M+3.3%	$318.0M+2.8%	$309.4M+2.4%	$302.2M+2.6%	$294.6M+2.5%	$287.5M+2.4%	$280.6M

BWBBP Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$46.4M+54.5%	$30.0M-64.7%	$85.0M+56.7%	$54.2M+135.6%	$23.0M-41.8%	$39.5M
Capital Expenditures	$4.1M+37.4%	$3.0M+81.9%	$1.6M+110.2%	$777K-96.9%	$24.7M+58.5%	$15.6M
Free Cash Flow	$42.3M+56.4%	$27.0M-67.6%	$83.4M+55.9%	$53.5M+3303.1%	-$1.7M-107.0%	$24.0M
Investing Cash Flow	-$95.2M+54.5%	-$209.2M+77.7%	-$938.2M-64.2%	-$571.4M-7.7%	-$530.3M-92.0%	-$276.2M
Financing Cash Flow	$150.1M-32.0%	$220.7M-72.3%	$796.8M+59.4%	$500.0M-21.4%	$636.1M+164.8%	$240.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$5.2M+14.4%	$4.5M-57.9%	$10.8M+368.4%	$2.3M-77.7%	$10.3M-30.9%	$15.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$9.4M+134.6%	$4.0M-46.5%	$7.5M-78.4%	$34.6M+677.6%	-$6.0M-156.5%	$10.6M+47.5%	$7.2M+184.8%	-$8.5M
Capital Expenditures	$1.6M+37.3%	$1.2M+117.5%	$536K-84.3%	$3.4M+637.5%	$464K+146.8%	$188K+3033.3%	$6K-96.7%	$183K
Free Cash Flow	$7.8M+174.7%	$2.8M-59.1%	$6.9M-77.8%	$31.2M+583.0%	-$6.5M-161.9%	$10.4M+45.0%	$7.2M+183.0%	-$8.7M
Investing Cash Flow	-$137.0M-26.4%	-$108.4M+19.7%	-$135.1M-55.3%	-$87.0M-240.2%	$62.1M+357.3%	$13.6M+116.2%	-$83.9M-105.0%	-$40.9M
Financing Cash Flow	$42.0M-73.1%	$155.7M+142.9%	$64.1M-29.0%	$90.3M+5254.1%	$1.7M+105.0%	-$33.4M-136.5%	$91.5M+70.7%	$53.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$1.6M+152.8%	$621K+3552.9%	$17K	$0-100.0%	$2.9M+27.5%	$2.3M	N/A

BWBBP Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	13.4%-4.6pp	18.0%-14.6pp	32.6%-2.8pp	35.4%+11.8pp	23.7%-6.6pp	30.3%
Return on Equity	7.2%-2.2pp	9.4%-4.2pp	13.6%+1.5pp	12.0%+1.8pp	10.3%-2.6pp	12.8%
Return on Assets	0.7%-0.2pp	0.9%-0.4pp	1.2%-0.1pp	1.3%+0.4pp	0.9%-0.5pp	1.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.06+0.2	9.84-0.2	10.03+1.9	8.17-1.9	10.03+1.8	8.27
FCF Margin	17.2%+5.0pp	12.2%-38.8pp	50.9%+9.4pp	41.5%+42.9pp	-1.5%-24.5pp	23.1%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.8%-0.9pp	16.7%+2.0pp	14.7%+1.7pp	13.0%-0.8pp	13.8%+0.4pp	13.3%-0.0pp	13.4%-1.8pp	15.2%
Return on Equity	2.3%-0.1pp	2.4%+0.4pp	2.1%+0.3pp	1.8%-0.1pp	1.9%+0.1pp	1.8%+0.0pp	1.8%-0.3pp	2.1%
Return on Assets	0.2%0.0pp	0.2%+0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.2%+0.0pp	0.2%0.0pp	0.2%-0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.77-0.3	10.12+0.2	9.95-0.1	10.06+0.7	9.37-0.3	9.67-0.2	9.89+0.1	9.84
FCF Margin	10.6%+6.5pp	4.1%-6.5pp	10.5%-38.7pp	49.2%+59.4pp	-10.2%-27.3pp	17.1%+4.9pp	12.2%+27.0pp	-14.8%

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Frequently Asked Questions

What is Bridgewater Banc's annual revenue?

Bridgewater Banc (BWBBP) reported $245.9M in total revenue for fiscal year 2024. This represents a 10.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bridgewater Banc's revenue growing?

Bridgewater Banc (BWBBP) revenue grew by 10.6% year-over-year, from $222.4M to $245.9M in fiscal year 2024.

Is Bridgewater Banc profitable?

Yes, Bridgewater Banc (BWBBP) reported a net income of $32.8M in fiscal year 2024, with a net profit margin of 13.4%.

What is Bridgewater Banc's earnings per share (EPS)?

Bridgewater Banc (BWBBP) reported diluted earnings per share of $1.03 for fiscal year 2024. This represents a -18.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Bridgewater Banc's net profit margin?

Bridgewater Banc (BWBBP) had a net profit margin of 13.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Bridgewater Banc's return on equity (ROE)?

Bridgewater Banc (BWBBP) has a return on equity of 7.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Bridgewater Banc's free cash flow?

Bridgewater Banc (BWBBP) generated $42.3M in free cash flow during fiscal year 2024. This represents a 56.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bridgewater Banc's operating cash flow?

Bridgewater Banc (BWBBP) generated $46.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Bridgewater Banc's total assets?

Bridgewater Banc (BWBBP) had $5.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Bridgewater Banc's capital expenditures?

Bridgewater Banc (BWBBP) invested $4.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Bridgewater Banc buy back shares?

Yes, Bridgewater Banc (BWBBP) spent $5.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Bridgewater Banc have outstanding?

Bridgewater Banc (BWBBP) had 28M shares outstanding as of fiscal year 2024.

What is Bridgewater Banc's debt-to-equity ratio?

Bridgewater Banc (BWBBP) had a debt-to-equity ratio of 10.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bridgewater Banc's return on assets (ROA)?

Bridgewater Banc (BWBBP) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Bridgewater Banc's Piotroski F-Score?

Bridgewater Banc (BWBBP) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bridgewater Banc's earnings high quality?

Bridgewater Banc (BWBBP) has an earnings quality ratio of 1.41x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Bridgewater Banc?

Bridgewater Banc (BWBBP) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.