Finwise Bancorp Financials
This page shows Finwise Bancorp (FINW) financial statements, including the 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).
Balance-sheet expansion is lifting revenue, but cash generation has turned negative and external funding is carrying the growth.
Over the last two annual periods, assets grew faster than equity, pushing debt-to-equity from 2.8x to 4.1x. At the same time, operating cash flow moved from$12.3M to-$28.4M , so reported profit increasingly came from a larger funded balance sheet rather than cash released by operations.
Revenue reached
Free cash flow at
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 passes 1 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), neither operating efficiency signal passes.
For every $1 of reported earnings, Finwise Bancorp generates $-1.77 in operating cash flow (-$28.4M OCF vs $16.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Finwise Bancorp generated $92.5M in revenue in fiscal year 2025. This represents an increase of 24.4% from the prior year.
Finwise Bancorp reported $16.1M in net income in fiscal year 2025. This represents an increase of 26.3% from the prior year.
Finwise Bancorp earned $1.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 21.5% from the prior year.
Cash & Balance Sheet
Finwise Bancorp generated -$28.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 78.3% from the prior year.
Finwise Bancorp held $163.4M in cash against $0 in long-term debt as of fiscal year 2025.
Finwise Bancorp had 14M shares outstanding in fiscal year 2025. This represents an increase of 3.4% from the prior year.
Margins & Returns
Finwise Bancorp's net profit margin was 17.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.3 percentage points from the prior year.
Finwise Bancorp's ROE was 8.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.
Capital Allocation
Finwise Bancorp spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Finwise Bancorp invested $219K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 79.6% from the prior year.
FINW Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $33.5M+10.9% | $30.2M+26.2% | $24.0M+21.4% | $19.7M+6.5% | $18.5M-4.3% | $19.4M+2.3% | $18.9M+2.7% | $18.4M |
| 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 | $11.0M-1.1% | $11.2M+3.2% | $10.8M+3.1% | $10.5M+6.8% | $9.8M+4.8% | $9.4M-2.9% | $9.7M+12.2% | $8.6M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $5.5M-3.8% | $5.7M+5.7% | $5.4M+6.9% | $5.0M+17.8% | $4.3M+11.0% | $3.8M-7.9% | $4.2M+9.3% | $3.8M |
| Income Tax | $1.1M-32.4% | $1.6M+3.4% | $1.5M+14.3% | $1.3M+6.7% | $1.2M+38.9% | $898K-22.4% | $1.2M+15.9% | $998K |
| Net Income | $2.7M-30.1% | $3.9M-20.0% | $4.9M+19.4% | $4.1M+28.5% | $3.2M+14.2% | $2.8M-19.1% | $3.5M+8.6% | $3.2M |
| EPS (Diluted) | $0.20 | N/A | $0.34+17.2% | $0.29+26.1% | $0.23 | N/A | $0.25+4.2% | $0.24 |
FINW Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $899.4M-8.0% | $977.1M+8.6% | $899.9M+6.8% | $842.5M+4.8% | $804.1M+7.8% | $746.0M+9.2% | $683.0M+10.6% | $617.8M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $96.9M-40.7% | $163.4M+54.7% | $105.6M+17.2% | $90.1M-25.1% | $120.3M+10.2% | $109.2M+27.3% | $85.8M-3.6% | $89.0M |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $702.8M-10.3% | $783.9M+10.1% | $712.2M+7.8% | $660.5M+5.4% | $626.8M+9.5% | $572.3M+11.6% | $512.7M+13.4% | $452.0M |
| 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 | $196.6M+1.8% | $193.2M+2.9% | $187.8M+3.2% | $182.0M+2.6% | $177.4M+2.1% | $173.7M+2.0% | $170.4M+2.8% | $165.8M |
| Retained Earnings | $134.8M+2.0% | $132.2M+3.1% | $128.3M+3.6% | $123.8M+3.4% | $119.8M+2.7% | $116.6M+2.5% | $113.8M+3.1% | $110.3M |
FINW Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.7M+144.0% | $8.1M+133.9% | $3.5M+118.8% | -$18.3M+15.1% | -$21.6M-3388.9% | $657K+106.7% | -$9.8M-29.4% | -$7.6M |
| Capital Expenditures | $21K+250.0% | $6K-71.4% | $21K-72.0% | $75K-35.9% | $117K+103.1% | -$3.8M-204.9% | $3.6M+5489.1% | $64K |
| Free Cash Flow | $19.7M+143.9% | $8.1M+135.2% | $3.4M+118.6% | -$18.4M+15.2% | -$21.7M-601.5% | -$3.1M+76.9% | -$13.4M-75.1% | -$7.7M |
| Investing Cash Flow | -$6.5M+71.9% | -$23.0M+33.9% | -$34.8M+15.1% | -$41.0M-45.9% | -$28.1M+16.1% | -$33.5M+36.6% | -$52.9M-120.5% | -$24.0M |
| Financing Cash Flow | -$79.7M-209.6% | $72.7M+55.1% | $46.9M+60.7% | $29.2M-52.0% | $60.8M+8.1% | $56.3M-5.4% | $59.5M+1143.3% | $4.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $0 | $0 | $0 | $0 | $0+100.0% | -$5K-101.7% | $286K |
FINW 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 | 8.2%-4.8pp | 13.0%-7.5pp | 20.4%-0.3pp | 20.8%+3.6pp | 17.2%+2.8pp | 14.4%-3.8pp | 18.3%+1.0pp | 17.3% |
| Return on Equity | 1.4%-0.6pp | 2.0%-0.6pp | 2.6%+0.3pp | 2.3%+0.5pp | 1.8%+0.2pp | 1.6%-0.4pp | 2.0%+0.1pp | 1.9% |
| Return on Assets | 0.3%-0.1pp | 0.4%-0.1pp | 0.5%+0.1pp | 0.5%+0.1pp | 0.4%+0.0pp | 0.4%-0.1pp | 0.5%0.0pp | 0.5% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 3.57-0.5 | 4.06+0.3 | 3.79+0.2 | 3.63+0.1 | 3.53+0.2 | 3.29+0.3 | 3.01+0.3 | 2.73 |
| FCF Margin | 58.7%+32.0pp | 26.7%+12.4pp | 14.3%+107.6pp | -93.3%+23.9pp | -117.2%-101.2pp | -16.0%+54.8pp | -70.8%-29.3pp | -41.5% |
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Frequently Asked Questions
What is Finwise Bancorp's annual revenue?
Finwise Bancorp (FINW) reported $92.5M in total revenue for fiscal year 2025. This represents a 24.4% 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 24.4% year-over-year, from $74.4M to $92.5M 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 17.4%.
What is Finwise Bancorp's net profit margin?
Finwise Bancorp (FINW) had a net profit margin of 17.4% 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) generated -$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) generated -$28.4M in operating cash flow during fiscal year 2025, representing cash generated from 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 cash runway?
Based on fiscal year 2025 data, Finwise Bancorp (FINW) had $163.4M in cash against an annual operating cash burn of $28.4M. This gives an estimated cash runway of approximately 69 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Finwise Bancorp's Piotroski F-Score?
Finwise Bancorp (FINW) has a Piotroski F-Score of 1 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?
Finwise Bancorp (FINW) has an earnings quality ratio of -1.77x, considered low quality (accrual-driven). 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.