Bridgewater Banc Financials
This page shows Bridgewater Banc (BWBBP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Balance-sheet expansion is driving earnings, but cash generation lags as growth consumes funding and keeps leverage structurally high.
In FY2025, net income recovered to$46.1M , but operating cash flow was only$27.8M . That is the opposite of FY2024, when cash flow of$46.4M exceeded profit of$32.8M ; with cash balances also lower, the rebound looks less cash-rich and more dependent on balance-sheet deployment.
The company runs on a highly leveraged funding structure: FY2025 assets were roughly 10 times equity, so small changes in asset yield can meaningfully move shareholder results. Because ROA was only
FY2025 looks like a fixed-cost absorption year rather than a cheaper-funding year: net margin improved to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Bridgewater Banc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bridgewater Banc's revenue grew 14.6% year-over-year to $281.8M, a solid pace of expansion. This earns a growth score of 54/100.
Bridgewater Banc has elevated debt relative to equity (D/E of 9.46), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Bridgewater Banc has a free cash flow margin of 7.8%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.
Bridgewater Banc's ROE of 8.9% shows moderate profitability relative to equity, earning a score of 30/100. This is up from 7.2% the prior year.
Bridgewater Banc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Bridgewater Banc generates $0.60 in operating cash flow ($27.8M OCF vs $46.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Bridgewater Banc generated $281.8M in revenue in fiscal year 2025. This represents an increase of 14.6% from the prior year.
Bridgewater Banc reported $46.1M in net income in fiscal year 2025. This represents an increase of 40.4% from the prior year.
Bridgewater Banc earned $1.49 per diluted share (EPS) in fiscal year 2025. This represents an increase of 44.7% from the prior year.
Cash & Balance Sheet
Bridgewater Banc generated $22.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 48.1% from the prior year.
Bridgewater Banc held $123.5M in cash against $0 in long-term debt as of fiscal year 2025.
Bridgewater Banc had 28M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.
Margins & Returns
Bridgewater Banc's net profit margin was 16.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.
Bridgewater Banc's ROE was 8.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.
Capital Allocation
Bridgewater Banc spent $2.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 57.8% from the prior year.
Bridgewater Banc invested $5.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 43.3% from the prior year.
BWBBP Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $70.0M-4.6% | $73.3M-0.4% | $73.6M+6.4% | $69.2M+5.3% | $65.7M+3.8% | $63.3M+0.5% | $63.0M+3.5% | $60.9M |
| 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 | $13.5M+8.5% | $12.4M+1.7% | $12.2M+7.6% | $11.4M-0.1% | $11.4M+7.2% | $10.6M+7.7% | $9.9M+1.8% | $9.7M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $33.3M-11.4% | $37.6M-4.9% | $39.5M+7.6% | $36.7M+3.5% | $35.5M-2.4% | $36.4M-2.9% | $37.4M+4.3% | $35.9M |
| Income Tax | $5.4M+42.5% | $3.8M+9.1% | $3.5M-3.4% | $3.6M+19.9% | $3.0M+30.7% | $2.3M-14.0% | $2.7M+7.2% | $2.5M |
| Net Income | $17.4M+30.5% | $13.3M+14.9% | $11.6M+0.7% | $11.5M+19.6% | $9.6M+17.4% | $8.2M-5.4% | $8.7M+6.9% | $8.1M |
| EPS (Diluted) | $0.58 | N/A | $0.380.0% | $0.38+22.6% | $0.31 | N/A | $0.27+3.8% | $0.26 |
BWBBP Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3B-1.3% | $5.4B+0.9% | $5.4B+1.2% | $5.3B+3.1% | $5.1B+1.4% | $5.1B+8.0% | $4.7B+0.1% | $4.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $222.2M+79.9% | $123.5M-6.3% | $131.8M-39.4% | $217.5M+30.9% | $166.2M-27.7% | $229.8M+19.8% | $191.9M+43.1% | $134.1M |
| 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% | $12.0M0.0% | $12.0M0.0% | $12.0M+356.3% | $2.6M0.0% | $2.6M |
| Total Liabilities | $4.8B-1.7% | $4.9B+0.6% | $4.9B+0.9% | $4.8B+3.3% | $4.7B+1.3% | $4.6B+8.7% | $4.2B-0.2% | $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 | $528.4M+2.2% | $517.1M+3.9% | $497.5M+4.4% | $476.3M+1.6% | $469.0M+2.4% | $457.9M+1.3% | $452.2M+3.0% | $439.2M |
| Retained Earnings | $367.8M+4.7% | $351.5M+3.6% | $339.1M+3.2% | $328.5M+3.3% | $318.0M+2.8% | $309.4M+2.4% | $302.2M+2.6% | $294.6M |
BWBBP Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.0M+129.2% | $7.0M-25.6% | $9.4M+116.1% | $4.3M-39.1% | $7.1M-79.4% | $34.6M+677.6% | -$6.0M-156.5% | $10.6M |
| Capital Expenditures | $1.8M-28.2% | $2.5M+58.9% | $1.6M+37.3% | $1.2M+117.5% | $536K-84.3% | $3.4M+637.5% | $464K+146.8% | $188K |
| Free Cash Flow | $14.2M+219.6% | $4.4M-43.0% | $7.8M+145.1% | $3.2M-51.8% | $6.6M-78.9% | $31.2M+583.0% | -$6.5M-161.9% | $10.4M |
| Investing Cash Flow | $162.0M+539.3% | -$36.9M+73.1% | -$137.0M-26.0% | -$108.8M+19.3% | -$134.8M-54.9% | -$87.0M-240.2% | $62.1M+357.3% | $13.6M |
| Financing Cash Flow | -$79.4M-467.5% | $21.6M-48.6% | $42.0M-73.1% | $155.7M+142.9% | $64.1M-29.0% | $90.3M+5254.1% | $1.7M+105.0% | -$33.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $0 | $0-100.0% | $1.6M+152.8% | $621K+3552.9% | $17K | $0-100.0% | $2.9M |
BWBBP Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 24.9%+6.7pp | 18.2%+2.4pp | 15.8%-0.9pp | 16.7%+2.0pp | 14.7%+1.7pp | 13.0%-0.8pp | 13.8%+0.4pp | 13.3% |
| Return on Equity | 3.3%+0.7pp | 2.6%+0.2pp | 2.3%-0.1pp | 2.4%+0.4pp | 2.1%+0.3pp | 1.8%-0.1pp | 1.9%+0.1pp | 1.8% |
| Return on Assets | 0.3%+0.1pp | 0.3%+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 | 9.10-0.4 | 9.46-0.3 | 9.77-0.3 | 10.12+0.2 | 9.95-0.1 | 10.06+0.7 | 9.37-0.3 | 9.67 |
| FCF Margin | 20.3%+14.2pp | 6.0%-4.5pp | 10.6%+6.0pp | 4.6%-5.4pp | 10.0%-39.2pp | 49.2%+59.4pp | -10.2%-27.3pp | 17.1% |
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Frequently Asked Questions
What is Bridgewater Banc's annual revenue?
Bridgewater Banc (BWBBP) reported $281.8M in total revenue for fiscal year 2025. This represents a 14.6% 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 14.6% year-over-year, from $245.9M to $281.8M in fiscal year 2025.
Is Bridgewater Banc profitable?
Yes, Bridgewater Banc (BWBBP) reported a net income of $46.1M in fiscal year 2025, with a net profit margin of 16.4%.
What is Bridgewater Banc's net profit margin?
Bridgewater Banc (BWBBP) had a net profit margin of 16.4% in fiscal year 2025, 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 8.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bridgewater Banc's free cash flow?
Bridgewater Banc (BWBBP) generated $22.0M in free cash flow during fiscal year 2025. This represents a -48.1% 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 $27.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bridgewater Banc's total assets?
Bridgewater Banc (BWBBP) had $5.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bridgewater Banc's capital expenditures?
Bridgewater Banc (BWBBP) invested $5.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bridgewater Banc's debt-to-equity ratio?
Bridgewater Banc (BWBBP) had a debt-to-equity ratio of 9.46 as of fiscal year 2025, 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 0.9% for fiscal year 2025, 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 4 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 to 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 0.60x, considered mixed 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 23 out of 100 on our Financial Profile, indicating weak 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.