GRAND RIVER COMMERCE INC (GNRV) 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 Sep 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2012, filed Aug 13, 2012. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GNRV SEC filings page.
GRAND RIVER COMMERCE INC (GNRV) reported $2.9M in revenue over the twelve months to Jun 30, 2012. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Asset growth is being financed more heavily with liabilities while improving operating losses still fail to produce positive cash flow.
Revenue reached$2.3M in FY2011, but operating cash flow was still-$185K . The narrower net loss therefore did not translate into self-funding operations; earnings improved faster than cash conversion, leaving the business dependent on financing.
Balance-sheet expansion came with a weaker capital structure: total assets climbed to
Investing cash outflows of
Financial Health Signals
GRAND RIVER COMMERCE INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
GRAND RIVER COMMERCE INC passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
GRAND RIVER COMMERCE INC reported a net loss of $765K while operations used $185K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
GRAND RIVER COMMERCE INC generated $794K in revenue in Q2 2012. This represents an increase of 58.8% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.
GRAND RIVER COMMERCE INC reported -$336K in net income in Q2 2012. This represents a decrease of 115.4% from the same quarter a year earlier. Against the prior quarter it is down 145.3%.
Not reported for Q2 2012.
Not reported for Q2 2012.
Cash & Balance Sheet
GRAND RIVER COMMERCE INC recorded an outflow of $1.1M in free cash flow in Q2 2012, representing a cash shortfall after capex. This represents a decrease of 373.4% from the same quarter a year earlier. Against the prior quarter it is down 463.1%.
GRAND RIVER COMMERCE INC held $5.8M in cash as of Q2 2012; long-term debt is not reported for that period.
Not reported for Q2 2012.
Margins & Returns
GRAND RIVER COMMERCE INC's net profit margin was -42.3% in Q2 2012, showing the share of revenue converted to profit. This is down 11.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 24.8 percentage points.
GRAND RIVER COMMERCE INC's ROE was -3.4% in Q2 2012, measuring profit generated per dollar of shareholder equity. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.
Not reported for Q2 2012.
Not reported for Q2 2012.
Capital Allocation
GRAND RIVER COMMERCE INC invested $21K in capex in Q2 2012, funding long-term assets and infrastructure. This represents an increase of 31.3% from the same quarter a year earlier. Against the prior quarter it is down 77.7%.
Not reported for Q2 2012.
Not reported for Q2 2012.
GNRV 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 | Q2'1210-Q | Q1'1210-Q | Q4'1110-Q | Q3'1110-Q | Q2'1110-Q | Q1'1110-Q | Q4'1010-K | Q3'1010-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $794K+58.8% | $782K+64.3% | $719K | $560K+53.0% | $500K+77.5% | $476K | N/A | $366K |
| SG&A Expenses | $684K+84.4% | $539K+57.6% | $476K | $427K+22.2% | $371K+12.7% | $342K | N/A | $349K |
| Interest Expense | $194K+9.6% | $191K+17.2% | $190K | $186K+48.4% | $177K+78.1% | $163K | N/A | $125K |
| Net Income | -$336K-115.4% | -$137K+16.5% | -$227K | -$218K+20.0% | -$156K+62.5% | -$164K | N/A | -$272K |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
GNRV 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 | Q2'1210-Q | Q1'1210-Q | Q4'1110-Q | Q3'1110-Q | Q2'1110-Q | Q1'1110-Q | Q4'1010-K | Q3'1010-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $89.4M+37.8% | $79.6M | $79.6M+53.7% | $71.6M | $64.9M | N/A | $51.8M | N/A |
| Cash & Equivalents | $5.8M-44.3% | $2.9M-53.8% | $6.9M+55.9% | $11.6M+150.4% | $10.4M+68.6% | $6.3M | $4.4M | $4.6M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $79.5M+46.9% | $69.4M | $69.3M+69.9% | $61.0M | $54.1M | N/A | $40.8M | N/A |
| Total Equity | $9.9M-8.1% | $10.2M-6.2% | $10.4M-6.0% | $10.6M-6.1% | $10.8M-6.6% | $10.9M | $11.0M | $11.3M |
| Retained Earnings | -$5.7M-19.2% | -$5.4M | -$5.2M-17.1% | -$5.0M | -$4.8M | N/A | -$4.5M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
GNRV 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 | Q2'1210-Q | Q1'1210-Q | Q4'1110-Q | Q3'1110-Q | Q2'1110-Q | Q1'1110-Q | Q4'1010-K | Q3'1010-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.1M-358.5% | -$109K-10800.0% | -$56K+77.5% | -$562K-343.5% | $434K | -$1K | -$251K | $231K |
| Depreciation & Amortization | $24K+4.3% | $25K+13.6% | $25K+17.0% | $25K+10.4% | $23K | $22K | $22K | $22K |
| Stock-Based Compensation | $10K-9.1% | $12K-14.3% | N/A | $12K-12.6% | $11K-19.3% | $14K | N/A | $14K |
| Capital Expenditures | $21K+31.3% | $94K+394.7% | $78K+1967.5% | $19K+1430.2% | $16K | $19K | $4K | $1K |
| Free Cash Flow | -$1.1M-373.4% | -$203K-915.0% | -$134K+47.2% | -$581K-353.1% | $418K | -$20K | -$254K | $229K |
| Investing Cash Flow | -$6.0M-103.9% | -$4.1M+5.3% | -$12.8M-69.3% | -$5.6M-11.3% | -$3.0M | -$4.3M | -$7.6M | -$5.0M |
Not reported in any period shown, so not listed: Financing Cash Flow, Dividends Paid, Share Buybacks.
GNRV 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 | Q2'1210-Q | Q1'1210-Q | Q4'1110-Q | Q3'1110-Q | Q2'1110-Q | Q1'1110-Q | Q4'1010-K | Q3'1010-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -42.3%-11.1pp | -17.5%+16.9pp | -31.6% | -38.9%+35.4pp | -31.2% | -34.4% | N/A | -74.3% |
| Return on Equity | -3.4%-1.9pp | -1.3%+0.2pp | -2.2% | -2.1%+0.4pp | -1.5%+2.2pp | -1.5% | N/A | -2.4% |
| Return on Assets | -0.4%-0.1pp | -0.2% | -0.3% | -0.3% | -0.2% | N/A | N/A | N/A |
| Debt-to-Equity | 8.04+3.0x | 6.80 | 6.68+3.0x | 5.76 | 5.02 | N/A | 3.70 | N/A |
| Asset Turnover | 0.010.0x | 0.01 | 0.01 | 0.01 | 0.01 | N/A | N/A | N/A |
| FCF Margin | -143.9% | -26.0%-21.8pp | -18.7% | -103.7% | 83.6% | -4.2% | N/A | 62.7% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Where GRAND RIVER COMMERCE INC Ranks
Frequently Asked Questions
What is GRAND RIVER COMMERCE INC's annual revenue?
GRAND RIVER COMMERCE INC (GNRV) reported $2.3M in total revenue for fiscal year 2011. This represents a 77.8% 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 GRAND RIVER COMMERCE INC's revenue growing?
GRAND RIVER COMMERCE INC (GNRV) revenue grew by 77.8% year-over-year, from $1.3M to $2.3M in fiscal year 2011.
Is GRAND RIVER COMMERCE INC profitable?
No, GRAND RIVER COMMERCE INC (GNRV) reported a net income of -$765K in fiscal year 2011, with a net profit margin of -33.9%.
What is GRAND RIVER COMMERCE INC's net profit margin?
GRAND RIVER COMMERCE INC (GNRV) had a net profit margin of -33.9% in fiscal year 2011, representing the share of revenue converted into profit after all expenses.
What is GRAND RIVER COMMERCE INC's return on equity (ROE)?
GRAND RIVER COMMERCE INC (GNRV) has a return on equity of -7.4% for fiscal year 2011, measuring how efficiently the company generates profit from shareholder equity.
What is GRAND RIVER COMMERCE INC's free cash flow?
GRAND RIVER COMMERCE INC (GNRV) recorded an outflow of $317K in free cash flow during fiscal year 2011. This represents a 49.2% 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 GRAND RIVER COMMERCE INC's operating cash flow?
GRAND RIVER COMMERCE INC (GNRV) recorded an outflow of $185K in operating cash flow during fiscal year 2011, representing cash used by core business activities.
What are GRAND RIVER COMMERCE INC's total assets?
GRAND RIVER COMMERCE INC (GNRV) had $79.6M in total assets as of fiscal year 2011, including both current and long-term assets.
What are GRAND RIVER COMMERCE INC's capital expenditures?
GRAND RIVER COMMERCE INC (GNRV) invested $132K in capital expenditures during fiscal year 2011, funding long-term assets and infrastructure.
What is GRAND RIVER COMMERCE INC's debt-to-equity ratio?
GRAND RIVER COMMERCE INC (GNRV) had a debt-to-equity ratio of 6.68 as of fiscal year 2011, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is GRAND RIVER COMMERCE INC's return on assets (ROA)?
GRAND RIVER COMMERCE INC (GNRV) had a return on assets of -1.0% for fiscal year 2011, measuring how efficiently the company uses its assets to generate profit.
What is GRAND RIVER COMMERCE INC's P/E ratio?
GRAND RIVER COMMERCE INC (GNRV) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2012). The market capitalization is $37.5M as of Sep 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is GRAND RIVER COMMERCE INC's price-to-sales ratio?
GRAND RIVER COMMERCE INC (GNRV) trades at 13.1x sales, its market capitalization divided by revenue of $2.9M revenue, trailing 12 months to June 30, 2012. The market capitalization is $37.5M as of Sep 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is GRAND RIVER COMMERCE INC's Piotroski F-Score?
GRAND RIVER COMMERCE INC (GNRV) has a Piotroski F-Score of 4 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 GRAND RIVER COMMERCE INC's earnings high quality?
GRAND RIVER COMMERCE INC (GNRV) reported a net loss of $765K while operations used $185K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.