FinWise Bancorp (FINW) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FINW SEC filings page.
FinWise Bancorp (FINW) reported $180.6M in revenue over the twelve months to Jun 30, 2026, up 102.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Rapid balance-sheet expansion is producing more revenue, but rising leverage and weak cash conversion are limiting earnings efficiency.
From FY2024 to FY2025, revenue rose60.5% while net income increased26.3% , showing that growth was not flowing through proportionally to earnings. Net margin consequently fell from15.7% to12.3% , pointing to heavier costs alongside the expansion.
Assets increased
Operating cash flow moved from
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of FinWise Bancorp'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.
FinWise Bancorp earned a return on assets of 1.7% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is unchanged from the prior year. Earnings ranks banks on that return over three years, and FinWise Bancorp scores 92/100 among other banks.
FinWise Bancorp reported revenue of $130.7M in fiscal year 2025, against $81.4M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and FinWise Bancorp scores 86/100 among other banks.
FinWise Bancorp funded 19.8% of its assets with shareholders' equity at the end of fiscal year 2025, holding $193.2M of equity against $977.1M of assets. Capital ranks banks on that cushion, and FinWise Bancorp scores 85/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. FinWise Bancorp scores 75/100 on it among other banks.
Not available for FinWise Bancorp, and counted as zero in the overall score.
FinWise Bancorp reported net income of $16.1M in fiscal year 2025, against $12.7M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and FinWise Bancorp scores 43/100 among other banks.
FinWise Bancorp passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 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, FinWise Bancorp used $1.77 of operating cash (-$28.4M OCF vs $16.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
FinWise Bancorp generated $54.3M in revenue in Q2 2026. This represents an increase of 116.8% from the same quarter a year earlier. Against the prior quarter it is up 27.2%.
FinWise Bancorp reported $2.1M in net income in Q2 2026. This represents a decrease of 48.0% from the same quarter a year earlier. Against the prior quarter it is down 22.0%.
FinWise Bancorp earned $0.15 per diluted share (EPS) in Q2 2026. This represents a decrease of 48.3% from the same quarter a year earlier. Against the prior quarter it is down 25.0%.
Not reported for Q2 2026.
Cash & Balance Sheet
FinWise Bancorp recorded an outflow of $25.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 39.5% from the same quarter a year earlier. Against the prior quarter it is down 230.6%.
FinWise Bancorp held $93.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
FinWise Bancorp's net profit margin was 3.9% in Q2 2026, showing the share of revenue converted to profit. This is down 12.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.
FinWise Bancorp's ROE was 1.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
FinWise Bancorp reported no capital expenditure in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
FINW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54.3M+116.8% | $42.7M+93.4% | $46.9M+121.7% | $36.7M+76.1% | $25.1M+26.7% | $22.1M+12.3% | $21.1M+0.1% | $20.8M+7.8% |
| SG&A Expenses | $11.1M+5.4% | $11.0M+12.3% | $11.2M+19.0% | $10.8M+12.0% | $10.5M+21.9% | $9.8M+29.9% | $9.4M+26.7% | $9.7M+50.5% |
| Interest Expense | $5.2M+4.3% | $5.5M+28.1% | $5.7M+47.8% | $5.4M+28.8% | $5.0M+31.7% | $4.3M+17.0% | $3.8M+4.0% | $4.2M+48.6% |
| Income Tax | $672K-49.5% | $1.1M-14.8% | $1.6M+75.1% | $1.5M+31.4% | $1.3M+33.3% | $1.2M+4.4% | $898K-45.7% | $1.2M-31.8% |
| Net Income | $2.1M-48.0% | $2.7M-14.2% | $3.9M+40.1% | $4.9M+41.6% | $4.1M+28.8% | $3.2M-3.8% | $2.8M-32.8% | $3.5M-28.1% |
| EPS (Basic) | $0.16-48.4% | $0.21-12.5% | $0.29+38.1% | $0.36+38.5% | $0.31+24.0% | $0.24-7.7% | $0.21-38.2% | $0.26-31.6% |
| EPS (Diluted) | $0.15-48.3% | $0.20-13.0% | $0.27+42.1% | $0.34+36.0% | $0.29+20.8% | $0.23-8.0% | $0.19-40.6% | $0.25-32.4% |
| Diluted Shares (Avg) | 14M+1.5% | 14M+1.2% | N/A | 14M+2.7% | 13M+2.8% | 13M+3.4% | N/A | 13M+3.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
FINW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $925.3M+9.8% | $899.4M+11.9% | $977.1M+31.0% | $899.9M+31.8% | $842.5M+36.4% | $804.1M+31.6% | $746.0M+27.3% | $683.0M+23.1% |
| Cash & Equivalents | $93.6M+3.9% | $96.9M-19.4% | $163.4M+49.7% | $105.6M+23.2% | $90.1M+1.2% | $120.3M+3.9% | $109.2M-6.7% | $85.8M-32.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $726.1M+9.9% | $702.8M+12.1% | $783.9M+37.0% | $712.2M+38.9% | $660.5M+46.1% | $626.8M+39.8% | $572.3M+32.7% | $512.7M+26.7% |
| Total Equity | $199.2M+9.5% | $196.6M+10.9% | $193.2M+11.2% | $187.8M+10.2% | $182.0M+9.7% | $177.4M+9.2% | $173.7M+12.0% | $170.4M+13.3% |
| Retained Earnings | $136.8M+10.5% | $134.8M+12.6% | $132.2M+13.4% | $128.3M+12.7% | $123.8M+12.2% | $119.8M+11.8% | $116.6M+12.3% | $113.8M+14.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
FINW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$25.7M-40.1% | $19.7M+191.2% | $8.1M+1129.4% | $3.5M+135.2% | -$18.3M-141.8% | -$21.6M-1329.8% | $657K-93.2% | -$9.8M-218.3% |
| Depreciation & Amortization | $1.2M+7.5% | $1.1M-17.0% | -$2.8M+9.9% | $1.1M-24.0% | $1.1M-28.0% | $1.4M+27.9% | -$3.1M-499.7% | $1.5M+277.8% |
| Stock-Based Compensation | $1.1M+38.5% | $659K+9.8% | N/A | $1.1M+47.5% | $761K+81.6% | $600K+300.0% | N/A | $766K+53.5% |
| Capital Expenditures | $0-100.0% | $21K-82.1% | $6K-99.8% | $21K-99.4% | $75K+17.2% | $117K-90.2% | -$3.8M+232.5% | $3.6M+107.5% |
| Free Cash Flow | -$25.7M-39.5% | $19.7M+190.6% | $8.1M+360.6% | $3.4M+125.6% | -$18.4M-140.8% | -$21.7M-3924.8% | -$3.1M-136.0% | -$13.4M-303.7% |
| Investing Cash Flow | $4.0M+109.8% | -$6.5M+77.0% | -$23.0M+31.4% | -$34.8M+34.2% | -$41.0M-71.0% | -$28.1M-27.7% | -$33.5M+10.8% | -$52.9M-0.9% |
| Financing Cash Flow | $18.4M-37.0% | -$79.7M-231.0% | $72.7M+29.2% | $46.9M-21.2% | $29.2M+510.1% | $60.8M+219.0% | $56.3M+211.7% | $59.5M+14.7% |
| Share Buybacks | N/A | N/A | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0 | -$5K-99.8% |
Not reported in any period shown, so not listed: Dividends Paid.
FINW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 3.9%-12.4pp | 6.4%-8.0pp | 8.3%-4.9pp | 13.3%-3.3pp | 16.4%+0.3pp | 14.4%-2.4pp | 13.2%-6.5pp | 16.6%-8.3pp |
| Return on Equity | 1.1%-1.2pp | 1.4%-0.4pp | 2.0%+0.4pp | 2.6%+0.6pp | 2.3%+0.3pp | 1.8%-0.2pp | 1.6%-1.1pp | 2.0%-1.2pp |
| Return on Assets | 0.2%-0.3pp | 0.3%-0.1pp | 0.4%0.0pp | 0.5%0.0pp | 0.5%0.0pp | 0.4%-0.1pp | 0.4%-0.3pp | 0.5%-0.4pp |
| Debt-to-Equity | 3.650.0x | 3.570.0x | 4.06+0.8x | 3.79+0.8x | 3.63+0.9x | 3.53+0.8x | 3.29+0.5x | 3.01+0.3x |
| Asset Turnover | 0.060.0x | 0.050.0x | 0.050.0x | 0.040.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x |
| FCF Margin | -47.3%+26.2pp | 46.1%+144.4pp | 17.2%+31.9pp | 9.4%+73.7pp | -73.5%-34.8pp | -98.4%-101.2pp | -14.7%-55.4pp | -64.3%-98.4pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| FinWise Bancorp FINW | FY2025 | $130.7M | $16.1M | 12.3% | $151.3M | 64/100 |
| Primis Financial Corp. FRST | FY2025 | $223.8M | $61K | 0.0% | $380.7M | 28/100 |
| Timberland Bancorp Inc TSBK | FY2025 | $82.6M | $29.2M | 35.3% | $352.0M | 58/100 |
| Waterstone Financial, Inc. WSBF | FY2025 | $141.9M | $26.4M | 18.6% | $354.3M | 47/100 |
| Northeast Community Bancorp, Inc. NECB | FY2025 | $104.8M | $44.4M | 42.4% | $380.5M | 55/100 |
| Fidelity D & D Bancorp, Inc. FDBC | FY2025 | $93.2M | $28.2M | 30.3% | $326.1M | 40/100 |
Where FinWise Bancorp Ranks
Frequently Asked Questions
What is FinWise Bancorp's annual revenue?
FinWise Bancorp (FINW) reported $130.7M in total revenue for fiscal year 2025. This represents a 60.5% 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 FinWise Bancorp's revenue growing?
FinWise Bancorp (FINW) revenue grew by 60.5% year-over-year, from $81.4M to $130.7M in fiscal year 2025.
Is FinWise Bancorp profitable?
Yes, FinWise Bancorp (FINW) reported a net income of $16.1M in fiscal year 2025, with a net profit margin of 12.3%.
What is FinWise Bancorp's net profit margin?
FinWise Bancorp (FINW) had a net profit margin of 12.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is FinWise Bancorp's return on equity (ROE)?
FinWise Bancorp (FINW) has a return on equity of 8.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FinWise Bancorp's free cash flow?
FinWise Bancorp (FINW) recorded an outflow of $28.6M in free cash flow during fiscal year 2025. This represents a -78.3% 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 FinWise Bancorp's operating cash flow?
FinWise Bancorp (FINW) recorded an outflow of $28.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are FinWise Bancorp's total assets?
FinWise Bancorp (FINW) had $977.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are FinWise Bancorp's capital expenditures?
FinWise Bancorp (FINW) invested $219K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is FinWise Bancorp's debt-to-equity ratio?
FinWise Bancorp (FINW) had a debt-to-equity ratio of 4.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FinWise Bancorp's return on assets (ROA)?
FinWise Bancorp (FINW) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FinWise Bancorp's P/E ratio?
FinWise Bancorp (FINW) trades at 11.1x earnings, its market capitalization divided by net income of $13.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $151.3M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FinWise Bancorp's price-to-sales ratio?
FinWise Bancorp (FINW) trades at 0.8x sales, its market capitalization divided by revenue of $180.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $151.3M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FinWise Bancorp's Piotroski F-Score?
FinWise Bancorp (FINW) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 FinWise Bancorp's earnings high quality?
For every $1 of reported earnings, FinWise Bancorp (FINW) used $1.77 of operating cash (-$28.4M OCF vs $16.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 FinWise Bancorp?
FinWise Bancorp (FINW) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.