First Northwest Financials

FNWB

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

Financial Health Signals

Piotroski F-Score Neutral

4/9

First Northwest passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-2.55x

For every $1 of reported earnings, First Northwest generates $-2.55 in operating cash flow ($16.9M OCF vs -$6.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows First Northwest (FNWB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).

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Key Financial Metrics

Revenue

$112.3M

YoY+11.3%

5Y CAGR+245.3%

10Y CAGR+15.5%

First Northwest generated $112.3M in revenue in fiscal year 2024. This represents an increase of 11.3% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$6.6M

YoY-389.3%

First Northwest reported -$6.6M in net income in fiscal year 2024. This represents a decrease of 389.3% from the prior year.

EPS (Diluted)

$-0.75

YoY-388.5%

First Northwest earned $-0.75 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 388.5% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$0.28

YoY+0.0%

5Y CAGR+16.6%

First Northwest paid $0.28 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

YoY-2.7%

5Y CAGR-2.7%

First Northwest had 9M shares outstanding in fiscal year 2024. This represents a decrease of 2.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-5.9%

YoY-8.2pp

5Y CAGR-3942.1pp

10Y CAGR-15.9pp

First Northwest's net profit margin was -5.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$4.1M

YoY+253.1%

5Y CAGR-12.3%

First Northwest spent $4.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 253.1% from the prior year.

Capital Expenditures

N/A

FNWB Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$112.3M+11.3%	$100.9M+25.5%	$80.4M+26.2%	$63.7M+36076.7%	$176K-23.1%	$229K
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	$56.0M+41.9%	$39.5M+275.3%	$10.5M+95.7%	$5.4M-30.4%	$7.7M-32.5%	$11.4M
Income Tax	-$944K-271.9%	$549K-80.7%	$2.8M-10.9%	$3.2M+8.1%	$3.0M+42.2%	$2.1M
Net Income	-$6.6M-389.3%	$2.3M-85.4%	$15.6M+1.5%	$15.4M+49.1%	$10.3M+14.7%	$9.0M
EPS (Diluted)	$-0.75-388.5%	$0.26-84.8%	$1.71+4.9%	$1.63+52.3%	$1.07+17.6%	$0.91

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$26.9M-0.8%	$27.1M+1.1%	$26.8M-4.9%	$28.2M-1.4%	$28.6M+4.7%	$27.3M+3.9%	$26.3M+1.8%	$25.8M
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	$12.3M-4.6%	$12.9M-0.3%	$13.0M-7.7%	$14.1M-2.2%	$14.4M+7.3%	$13.4M+10.6%	$12.1M+11.3%	$10.9M
Income Tax	-$948K-419.2%	$297K+126.4%	-$1.1M-413.4%	$359K+165.6%	-$547K-222.4%	$447K+133.0%	-$1.4M-324.5%	$603K
Net Income	$802K-78.1%	$3.7M+140.5%	-$9.0M-221.6%	-$2.8M-26.6%	-$2.2M-660.4%	$396K+107.2%	-$5.5M-320.5%	$2.5M
EPS (Diluted)	$0.09-78.6%	$0.42+140.8%	$-1.03-232.3%	$-0.31-24.0%	$-0.25-725.0%	$0.04+106.6%	$-0.61-317.9%	$0.28

FNWB Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.2B+1.4%	$2.2B+7.8%	$2.0B+6.3%	$1.9B+16.1%	$1.7B+26.5%	$1.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	$48.7M
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	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.1B+1.9%	$2.0B+8.2%	$1.9B+8.9%	$1.7B+17.9%	$1.5B+29.9%	$1.1B
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	$110.0M-2.6%	$112.9M
Total Equity	$153.9M-5.8%	$163.3M+1.1%	$161.6M-15.4%	$191.0M+2.5%	$186.4M+5.4%	$176.9M
Retained Earnings	$97.2M-9.5%	$107.3M-6.2%	$114.4M+11.1%	$103.0M+11.2%	$92.7M+7.5%	$86.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.1B-3.8%	$2.2B+1.1%	$2.2B-2.7%	$2.2B+0.7%	$2.2B-1.1%	$2.2B+1.7%	$2.2B+2.2%	$2.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	$2.0B-4.3%	$2.0B+1.0%	$2.0B-2.6%	$2.1B+1.0%	$2.1B-1.1%	$2.1B+2.0%	$2.0B+2.1%	$2.0B
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	$154.5M+3.2%	$149.7M+2.2%	$146.5M-4.8%	$153.9M-3.1%	$158.9M-1.0%	$160.5M-1.7%	$163.3M+4.7%	$156.1M
Retained Earnings	$91.3M+0.9%	$90.5M+3.4%	$87.5M-10.0%	$97.2M-5.9%	$103.3M-2.7%	$106.2M-1.1%	$107.3M-5.5%	$113.6M

FNWB Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$16.9M-5.6%	$17.9M+12.4%	$15.9M+4.9%	$15.2M+14.3%	$13.3M-6.0%	$14.1M
Capital Expenditures	N/A	$1.6M-46.1%	$2.9M-51.6%	$6.0M+231.1%	$1.8M+326.8%	$426K
Free Cash Flow	N/A	$16.3M+25.5%	$13.0M+42.2%	$9.1M-20.1%	$11.4M-16.3%	$13.7M
Investing Cash Flow	-$87.1M-3.4%	-$84.2M+64.6%	-$237.6M-73.6%	-$136.9M+56.7%	-$316.0M-1483.7%	-$19.9M
Financing Cash Flow	$19.5M-86.5%	$143.9M+1.8%	$141.3M-22.6%	$182.6M-42.8%	$319.1M+1028.8%	$28.3M
Dividends Paid	$2.6M-2.0%	$2.7M-3.1%	$2.8M+10.0%	$2.5M+15.9%	$2.2M+54.5%	$1.4M
Share Buybacks	$4.1M+253.1%	$1.1M-78.9%	$5.4M-9.0%	$6.0M-19.3%	$7.4M-5.3%	$7.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$4.7M+18.9%	$4.0M+118.3%	-$21.7M-274.2%	$12.5M+54.0%	$8.1M+266.6%	-$4.9M-288.3%	$2.6M+203.4%	-$2.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$113K-77.6%	$505K+133.8%	$216K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$5.0M-339.6%	$2.1M+176.5%	-$2.7M
Investing Cash Flow	$71.5M+810.2%	-$10.1M-114.5%	$69.3M+4429.2%	$1.5M-94.3%	$26.7M+134.1%	-$78.5M-8657.4%	-$896K-116.0%	$5.6M
Financing Cash Flow	-$84.8M-458.8%	$23.6M+147.6%	-$49.7M-104.6%	-$24.3M+16.3%	-$29.0M-177.4%	$37.5M-0.2%	$37.6M+1656.8%	$2.1M
Dividends Paid	$18K-97.2%	$650K+0.2%	$649K-1.1%	$656K-1.5%	$666K-0.7%	$671K-0.6%	$675K+0.6%	$671K
Share Buybacks	$0	$0	$0	$0	$0-100.0%	$3.0M+1700.6%	$169K+1308.3%	$12K

FNWB 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	-5.9%-8.2pp	2.3%-17.2pp	19.5%-4.8pp	24.2%-5850.8pp	5875.0%+1938.8pp	3936.2%
Return on Equity	N/A	1.4%-8.3pp	9.7%+1.6pp	8.1%+2.5pp	5.5%+0.5pp	5.1%
Return on Assets	-0.3%-0.4pp	0.1%-0.7pp	0.8%-0.0pp	0.8%+0.2pp	0.6%-0.1pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	13.50+1.0	12.48+0.8	11.66+2.6	9.06+8.5	0.59-0.0	0.64
FCF Margin	N/A	16.2%0.0pp	16.2%+1.8pp	14.3%-6484.5pp	6498.9%+529.0pp	5969.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	3.0%-10.5pp	13.5%+47.2pp	-33.7%-23.7pp	-10.0%-2.2pp	-7.8%-9.2pp	1.5%+22.4pp	-21.0%-30.7pp	9.7%
Return on Equity	0.5%-1.9pp	2.5%	N/A	N/A	N/A	0.3%	N/A	1.6%
Return on Assets	0.0%-0.1pp	0.2%+0.6pp	-0.4%-0.3pp	-0.1%-0.0pp	-0.1%-0.1pp	0.0%+0.3pp	-0.3%-0.4pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	12.66-1.0	13.66-0.2	13.82+0.3	13.50+0.6	12.950.0	12.96+0.5	12.48-0.3	12.80
FCF Margin	N/A	N/A	N/A	N/A	N/A	-18.2%-26.1pp	7.9%+18.4pp	-10.5%

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Frequently Asked Questions

What is First Northwest's annual revenue?

First Northwest (FNWB) reported $112.3M in total revenue for fiscal year 2024. This represents a 11.3% 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 First Northwest's revenue growing?

First Northwest (FNWB) revenue grew by 11.3% year-over-year, from $100.9M to $112.3M in fiscal year 2024.

Is First Northwest profitable?

No, First Northwest (FNWB) reported a net income of -$6.6M in fiscal year 2024, with a net profit margin of -5.9%.

What is First Northwest's earnings per share (EPS)?

First Northwest (FNWB) reported diluted earnings per share of $-0.75 for fiscal year 2024. This represents a -388.5% 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 First Northwest's net profit margin?

First Northwest (FNWB) had a net profit margin of -5.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does First Northwest pay dividends?

Yes, First Northwest (FNWB) paid $0.28 per share in dividends during fiscal year 2024.

What is First Northwest's operating cash flow?

First Northwest (FNWB) generated $16.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are First Northwest's total assets?

First Northwest (FNWB) had $2.2B in total assets as of fiscal year 2024, including both current and long-term assets.

Does First Northwest buy back shares?

Yes, First Northwest (FNWB) spent $4.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does First Northwest have outstanding?

First Northwest (FNWB) had 9M shares outstanding as of fiscal year 2024.

What is First Northwest's debt-to-equity ratio?

First Northwest (FNWB) had a debt-to-equity ratio of 13.50 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Northwest's return on assets (ROA)?

First Northwest (FNWB) had a return on assets of -0.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is First Northwest's Piotroski F-Score?

First Northwest (FNWB) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Northwest's earnings high quality?

First Northwest (FNWB) has an earnings quality ratio of -2.55x, 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.