Bankwell Financi Financials
This page shows Bankwell Financi (BWFG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Profitability is driven by balance-sheet leverage, with small shifts in asset returns creating much larger swings in shareholder earnings.
From FY2023 to FY2025, operating cash flow stayed clustered near$30M even as net income swung from$36.7M to$9.8M and back to$35.2M . That pattern suggests reported earnings were more volatile than underlying cash generation, so FY2025 looks more like a recovery in profit spread on a similar operating base than a business transformed by new cash-producing capacity.
In FY2025, ROA of
Physical capital needs are minimal: capex was just
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 Bankwell Financi'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.
Bankwell Financi's revenue surged 44.0% year-over-year to $2.8M, reflecting rapid business expansion. This strong growth earns a score of 86/100.
Bankwell Financi has elevated debt relative to equity (D/E of 10.14), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Bankwell Financi converts 960.0% of revenue into free cash flow ($27.1M). This strong cash generation earns a score of 100/100.
Bankwell Financi's ROE of 11.7% shows moderate profitability relative to equity, earning a score of 33/100. This is up from 3.6% the prior year.
Bankwell Financi 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, Bankwell Financi generates $0.80 in operating cash flow ($28.3M OCF vs $35.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Bankwell Financi generated $2.8M in revenue in fiscal year 2025. This represents an increase of 44.0% from the prior year.
Bankwell Financi reported $35.2M in net income in fiscal year 2025. This represents an increase of 260.3% from the prior year.
Bankwell Financi earned $4.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 261.8% from the prior year.
Cash & Balance Sheet
Bankwell Financi generated $27.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 7.5% from the prior year.
Bankwell Financi held $224.9M in cash against $0 in long-term debt as of fiscal year 2025.
Bankwell Financi paid $0.80 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Bankwell Financi had 8M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.
Margins & Returns
Bankwell Financi's net profit margin was 1245.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 747.8 percentage points from the prior year.
Bankwell Financi's ROE was 11.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.1 percentage points from the prior year.
Capital Allocation
Bankwell Financi spent $1.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 37.6% from the prior year.
Bankwell Financi invested $1.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 86.6% from the prior year.
BWFG Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $780K+1.2% | $771K-1.0% | $779K+15.6% | $674K+12.0% | $602K+2.2% | $589K+2.4% | $575K+16.2% | $495K |
| 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 | $9.8M+27.4% | $7.7M-3.5% | $8.0M+6.3% | $7.5M+6.7% | $7.1M+39.5% | $5.1M-18.8% | $6.2M+0.8% | $6.2M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $23.6M-0.1% | $23.7M-3.8% | $24.6M-0.4% | $24.7M-6.4% | $26.4M-4.5% | $27.6M+0.6% | $27.5M+3.8% | $26.5M |
| Income Tax | $3.1M-39.2% | $5.1M+49.7% | $3.4M+24.8% | $2.7M+31.1% | $2.1M+89.3% | $1.1M+39.7% | $786K+120.8% | $356K |
| Net Income | $11.3M+23.3% | $9.1M-9.3% | $10.1M+10.9% | $9.1M+31.9% | $6.9M+132.5% | $3.0M+53.8% | $1.9M+72.3% | $1.1M |
| EPS (Diluted) | $1.41 | N/A | $1.27+10.4% | $1.15+32.2% | $0.87 | N/A | $0.24+71.4% | $0.14 |
BWFG Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.4B+0.4% | $3.4B+3.6% | $3.2B+0.2% | $3.2B+1.7% | $3.2B-2.6% | $3.3B+3.4% | $3.2B+0.6% | $3.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $217.9M-3.1% | $224.9M-23.8% | $295.4M-8.4% | $322.5M+5.8% | $304.9M-0.8% | $307.5M+5.6% | $291.3M+15.9% | $251.4M |
| 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 | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M |
| Total Liabilities | $3.1B+0.1% | $3.1B+3.6% | $3.0B-0.1% | $3.0B+1.5% | $2.9B-3.0% | $3.0B+3.6% | $2.9B+0.6% | $2.9B |
| 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 | $311.9M+3.4% | $301.5M+3.0% | $292.8M+3.4% | $283.3M+2.9% | $275.2M+1.7% | $270.5M+1.0% | $267.9M+0.4% | $267.0M |
| Retained Earnings | $191.3M+5.3% | $181.6M+4.4% | $174.0M+5.1% | $165.5M+4.8% | $158.0M+3.5% | $152.7M+0.9% | $151.3M+0.2% | $150.9M |
BWFG Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.7M+2.3% | $7.5M-26.9% | $10.3M+59.6% | $6.5M+64.9% | $3.9M-72.6% | $14.3M+2670.0% | -$557K-107.8% | $7.1M |
| Capital Expenditures | $470K+77.4% | $265K-34.4% | $404K+6.9% | $378K+289.7% | $97K+110.9% | $46K-60.0% | $115K-68.8% | $369K |
| Free Cash Flow | $7.3M-0.4% | $7.3M-26.6% | $9.9M+62.9% | $6.1M+59.2% | $3.8M-73.2% | $14.3M+2223.4% | -$672K-109.9% | $6.8M |
| Investing Cash Flow | -$18.8M+89.8% | -$183.5M-439.6% | -$34.0M-10.5% | -$30.8M-137.1% | $83.1M+186.6% | -$96.0M-681.1% | $16.5M+60.2% | $10.3M |
| Financing Cash Flow | $4.0M-96.2% | $105.5M+3174.9% | -$3.4M-108.2% | $41.9M+146.7% | -$89.6M-191.6% | $97.8M+307.6% | $24.0M+275.1% | -$13.7M |
| Dividends Paid | $1.6M+1.0% | $1.6M0.0% | $1.6M+0.1% | $1.6M-0.6% | $1.6M+0.6% | $1.6M0.0% | $1.6M-0.6% | $1.6M |
| Share Buybacks | $150K | $0 | $0-100.0% | $422K-53.7% | $912K | $0-100.0% | $231K-76.6% | $986K |
BWFG 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 | 1445.5%+259.5pp | 1186.0%-107.7pp | 1293.7%-54.7pp | 1348.4%+204.2pp | 1144.2%+641.1pp | 503.1%+168.1pp | 335.0%+109.1pp | 225.9% |
| Return on Equity | 3.6%+0.6pp | 3.0%-0.4pp | 3.4%+0.2pp | 3.2%+0.7pp | 2.5%+1.4pp | 1.1%+0.4pp | 0.7%+0.3pp | 0.4% |
| Return on Assets | 0.3%+0.1pp | 0.3%-0.0pp | 0.3%+0.0pp | 0.3%+0.1pp | 0.2%+0.1pp | 0.1%+0.0pp | 0.1%+0.0pp | 0.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 9.82-0.3 | 10.14+0.1 | 10.08-0.3 | 10.43-0.1 | 10.57-0.5 | 11.08+0.3 | 10.80+0.0 | 10.77 |
| FCF Margin | 930.0%-14.5pp | 944.5%-329.7pp | 1274.2%+370.2pp | 904.0%+268.1pp | 635.9%-1786.7pp | 2422.6%+2539.5pp | -116.9%-1486.6pp | 1369.7% |
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Frequently Asked Questions
What is Bankwell Financi's annual revenue?
Bankwell Financi (BWFG) reported $2.8M in total revenue for fiscal year 2025. This represents a 44.0% 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 Bankwell Financi's revenue growing?
Bankwell Financi (BWFG) revenue grew by 44% year-over-year, from $2.0M to $2.8M in fiscal year 2025.
Is Bankwell Financi profitable?
Yes, Bankwell Financi (BWFG) reported a net income of $35.2M in fiscal year 2025, with a net profit margin of 1245.5%.
What is Bankwell Financi's net profit margin?
Bankwell Financi (BWFG) had a net profit margin of 1245.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Bankwell Financi pay dividends?
Yes, Bankwell Financi (BWFG) paid $0.80 per share in dividends during fiscal year 2025.
What is Bankwell Financi's return on equity (ROE)?
Bankwell Financi (BWFG) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bankwell Financi's free cash flow?
Bankwell Financi (BWFG) generated $27.1M in free cash flow during fiscal year 2025. This represents a -7.5% 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 Bankwell Financi's operating cash flow?
Bankwell Financi (BWFG) generated $28.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bankwell Financi's total assets?
Bankwell Financi (BWFG) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bankwell Financi's capital expenditures?
Bankwell Financi (BWFG) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bankwell Financi's debt-to-equity ratio?
Bankwell Financi (BWFG) had a debt-to-equity ratio of 10.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bankwell Financi's return on assets (ROA)?
Bankwell Financi (BWFG) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bankwell Financi's Piotroski F-Score?
Bankwell Financi (BWFG) 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 Bankwell Financi's earnings high quality?
Bankwell Financi (BWFG) has an earnings quality ratio of 0.80x, 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 Bankwell Financi?
Bankwell Financi (BWFG) scores 36 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.