Homestreet Financials

HMST

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

Financial Health Signals

Piotroski F-Score Weak

2/9

Homestreet passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.32x

For every $1 of reported earnings, Homestreet generates $0.32 in operating cash flow (-$45.9M OCF vs -$144.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Homestreet (HMST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

$402.6M

YoY+0.7%

5Y CAGR+7.7%

10Y CAGR+13.7%

Homestreet generated $402.6M in revenue in fiscal year 2024. This represents an increase of 0.7% from the prior year.

EBITDA

N/A

Free Cash Flow

-$46.4M

YoY-1201.6%

Homestreet generated -$46.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1201.6% from the prior year.

Net Income

-$144.3M

YoY-424.7%

Homestreet reported -$144.3M in net income in fiscal year 2024. This represents a decrease of 424.7% from the prior year.

EPS (Diluted)

$-7.65

YoY-424.0%

Homestreet earned $-7.65 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 424.0% from the prior year.

Cash & Debt

$999.7M

YoY+363.6%

5Y CAGR+76.8%

10Y CAGR+41.8%

Homestreet held $999.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

19M

YoY+0.3%

5Y CAGR-4.6%

10Y CAGR+2.4%

Homestreet had 19M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-35.9%

YoY-29.0pp

5Y CAGR-42.2pp

10Y CAGR-55.9pp

Homestreet's net profit margin was -35.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 29.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$490K

YoY-87.1%

5Y CAGR-26.3%

10Y CAGR-31.0%

Homestreet invested $490K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 87.1% from the prior year.

HMST Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$402.6M+0.7%	$399.7M+31.4%	$304.3M+24.6%	$244.3M-3.1%	$252.0M-9.2%	$277.6M
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	$37.2M-4.1%	$38.8M+9.7%	$35.4M+12.0%	$31.6M-5.8%	$33.5M+3.0%	$32.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$282.5M+21.2%	$233.0M+228.2%	$71.0M+311.8%	$17.2M-60.2%	$43.4M-50.9%	$88.2M
Income Tax	$23.8M+554.0%	-$5.2M-129.0%	$18.1M-42.0%	$31.3M+42.7%	$21.9M+174.2%	$8.0M
Net Income	-$144.3M-424.7%	-$27.5M-141.3%	$66.5M-42.4%	$115.4M+44.3%	$80.0M+356.8%	$17.5M
EPS (Diluted)	$-7.65-424.0%	$-1.46-141.8%	$3.49-36.1%	$5.46+57.3%	$3.47+433.8%	$0.65

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$12.4M-85.0%	$83.0M-3.2%	$85.8M-54.0%	$186.6M+84.5%	$101.1M-1.4%	$102.5M+1.2%	$101.3M+0.6%	$100.7M
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	$9.4M-8.8%	$10.3M+87.1%	$5.5M-47.9%	$10.6M-6.8%	$11.4M+21.3%	$9.4M+1.9%	$9.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$59.2M+20.4%	$49.2M-6.4%	$52.5M-33.9%	$79.5M+11.3%	$71.4M+1.5%	$70.4M+6.2%	$66.3M+7.3%	$61.8M
Income Tax	-$10.1M-2626.3%	-$369K-29.0%	-$286K-102.2%	$13.1M+843.5%	-$1.8M+42.4%	-$3.1M-417.2%	-$592K+34.1%	-$898K
Net Income	$55.2M+1350.2%	-$4.4M+1.2%	-$4.5M+97.4%	-$170.6M-2634.1%	-$6.2M+16.8%	-$7.5M-119.3%	-$3.4M-249.0%	$2.3M
EPS (Diluted)	$0.26+213.0%	$-0.23+4.2%	$-0.24+96.6%	$-7.12-2057.6%	$-0.33+17.5%	$-0.40-122.2%	$-0.18-250.0%	$0.12

HMST Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$16.5B+75.6%	$9.4B+0.3%	$9.4B+30.0%	$7.2B-0.5%	$7.2B+6.2%	$6.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$999.7M+363.6%	$215.7M+196.1%	$72.8M+11.7%	$65.2M+12.3%	$58.0M+0.3%	$57.9M
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	$843.3M	$0-100.0%	$27.9M	N/A	N/A	$28.5M
Total Liabilities	$14.2B+60.2%	$8.9B+0.6%	$8.8B+35.7%	$6.5B-0.5%	$6.5B+6.3%	$6.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$0-100.0%	$224.8M+0.2%	$224.4M+78.1%	$126.0M+0.1%	$125.8M+0.1%	$125.7M
Total Equity	$2.3B+3.0%	$2.2B+297.7%	$562.1M-21.4%	$715.3M-0.3%	$717.8M+5.6%	$679.7M
Retained Earnings	$239.5M-39.4%	$395.4M-9.1%	$435.1M-2.1%	$444.3M+10.0%	$403.9M+7.8%	$374.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$22.7B+198.4%	$7.6B-2.5%	$7.8B-52.7%	$16.5B+78.0%	$9.3B-2.0%	$9.5B+0.7%	$9.4B-0.7%	$9.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.4B+617.4%	$201.1M-20.3%	$252.2M-74.8%	$999.7M+357.1%	$218.7M-31.7%	$320.3M+48.5%	$215.7M-4.9%	$226.7M
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	$843.3M	N/A	N/A	$843.3M	N/A	N/A	$0	$0
Total Liabilities	$19.9B+283.9%	$5.2B-29.9%	$7.4B-47.8%	$14.2B+62.2%	$8.7B-2.0%	$8.9B+0.8%	$8.9B-1.1%	$9.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$190.1M-15.6%	$225.3M0.0%	$225.2M	$0-100.0%	$224.9M0.0%	$224.9M0.0%	$224.8M0.0%	$224.7M
Total Equity	$2.8B+14.8%	$2.4B+503.0%	$400.8M-82.6%	$2.3B+2.6%	$2.2B+325.5%	$527.3M-76.4%	$2.2B+344.9%	$502.5M
Retained Earnings	$381.0M+57.3%	$242.1M-1.8%	$246.5M+2.9%	$239.5M-37.2%	$381.6M-1.6%	$387.9M-1.9%	$395.4M-1.3%	$400.5M

HMST Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$45.9M-672.3%	$8.0M-96.3%	$218.3M+26.2%	$173.0M+777.4%	-$25.5M-109.9%	$258.8M
Capital Expenditures	$490K-87.1%	$3.8M-43.8%	$6.8M+130.7%	$2.9M-10.8%	$3.3M+46.1%	$2.3M
Free Cash Flow	-$46.4M-1201.6%	$4.2M-98.0%	$211.5M+24.4%	$170.1M+689.7%	-$28.8M-111.2%	$256.6M
Investing Cash Flow	$1.3B+175.5%	$484.0M+118.2%	-$2.7B-2012.5%	-$125.6M+46.0%	-$232.6M-317.4%	$107.0M
Financing Cash Flow	-$1.1B-214.0%	-$349.2M-114.3%	$2.4B+6173.4%	-$40.2M-115.6%	$258.3M+170.5%	-$366.6M
Dividends Paid	$0-100.0%	$12.3M-54.1%	$26.8M+25.8%	$21.3M+53.9%	$13.9M	$0
Share Buybacks	N/A	$0-100.0%	$75.0M-10.9%	$84.2M+45.1%	$58.0M-41.1%	$98.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$112.0M+1243.8%	-$9.8M+56.5%	-$22.5M+91.5%	-$263.3M-1110.4%	-$21.8M-177.3%	-$7.8M-182.4%	$9.5M-67.7%	$29.5M
Capital Expenditures	$2.9M+2893.8%	$96K+81.1%	$53K+101.6%	-$3.4M-1282.4%	$289K-95.2%	$6.1M+429.5%	$1.1M+80.4%	$634K
Free Cash Flow	$109.1M+1203.7%	-$9.9M+56.2%	-$22.6M+91.5%	-$266.7M-1110.1%	-$22.0M-58.5%	-$13.9M-266.1%	$8.4M-71.0%	$28.8M
Investing Cash Flow	$1.3B+725.0%	$151.9M-20.3%	$190.7M-75.5%	$777.9M+794.1%	$87.0M+141.4%	$36.0M-60.7%	$91.8M+84.4%	$49.8M
Financing Cash Flow	-$716.9M-271.0%	-$193.2M+40.1%	-$322.6M-628.5%	-$44.3M+73.5%	-$166.8M-318.2%	$76.5M+168.1%	-$112.3M-337.9%	-$25.6M
Dividends Paid	N/A	N/A	N/A	-$95.0M	$0	$0-100.0%	$1.9M-2.1%	$1.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

HMST 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	-35.9%-29.0pp	-6.9%-28.7pp	21.9%-25.4pp	47.3%+15.5pp	31.7%+25.4pp	6.3%
Return on Equity	N/A	N/A	11.8%-4.3pp	16.1%+5.0pp	11.1%+8.6pp	2.6%
Return on Assets	-0.9%-0.6pp	-0.3%-1.0pp	0.7%-0.9pp	1.6%+0.5pp	1.1%+0.9pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.00-0.1	0.10-0.3	0.40+0.2	0.180.0	0.180.0	0.18
FCF Margin	-11.5%-12.6pp	1.1%-68.5pp	69.5%-0.1pp	69.6%+81.1pp	-11.5%-103.9pp	92.4%

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	444.2%+449.5pp	-5.3%-0.1pp	-5.2%+86.2pp	-91.4%-85.2pp	-6.2%+1.1pp	-7.3%-3.9pp	-3.4%-5.7pp	2.3%
Return on Equity	2.0%	N/A	N/A	1.7%	N/A	N/A	N/A	0.5%
Return on Assets	0.2%+0.3pp	-0.1%0.0pp	-0.1%+1.0pp	-1.0%-1.0pp	-0.1%+0.0pp	-0.1%-0.0pp	-0.0%-0.1pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.07-0.0	0.09-0.5	0.56+0.6	0.00-0.1	0.10-0.3	0.43+0.3	0.10-0.3	0.45
FCF Margin	878.5%+890.4pp	-11.9%+14.4pp	-26.3%+116.6pp	-142.9%-121.1pp	-21.8%-8.2pp	-13.6%-21.8pp	8.3%-20.4pp	28.6%

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Frequently Asked Questions

What is Homestreet's annual revenue?

Homestreet (HMST) reported $402.6M in total revenue for fiscal year 2024. This represents a 0.7% 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 Homestreet's revenue growing?

Homestreet (HMST) revenue grew by 0.7% year-over-year, from $399.7M to $402.6M in fiscal year 2024.

Is Homestreet profitable?

No, Homestreet (HMST) reported a net income of -$144.3M in fiscal year 2024, with a net profit margin of -35.9%.

What is Homestreet's earnings per share (EPS)?

Homestreet (HMST) reported diluted earnings per share of $-7.65 for fiscal year 2024. This represents a -424.0% 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.

How much debt does Homestreet have?

As of fiscal year 2024, Homestreet (HMST) had $999.7M in cash and equivalents against $0 in long-term debt.

What is Homestreet's net profit margin?

Homestreet (HMST) had a net profit margin of -35.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Homestreet's free cash flow?

Homestreet (HMST) generated -$46.4M in free cash flow during fiscal year 2024. This represents a -1201.6% 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 Homestreet's operating cash flow?

Homestreet (HMST) generated -$45.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Homestreet's total assets?

Homestreet (HMST) had $16.5B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Homestreet's capital expenditures?

Homestreet (HMST) invested $490K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Homestreet have outstanding?

Homestreet (HMST) had 19M shares outstanding as of fiscal year 2024.

What is Homestreet's debt-to-equity ratio?

Homestreet (HMST) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Homestreet's return on assets (ROA)?

Homestreet (HMST) had a return on assets of -0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Homestreet's cash runway?

Based on fiscal year 2024 data, Homestreet (HMST) had $999.7M in cash against an annual operating cash burn of $45.9M. This gives an estimated cash runway of approximately 261 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 Homestreet's Piotroski F-Score?

Homestreet (HMST) has a Piotroski F-Score of 2 out of 9, indicating weak 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 Homestreet's earnings high quality?

Homestreet (HMST) has an earnings quality ratio of 0.32x, 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.