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

First Western Financial (MYFW) reported diluted earnings per share of $1.34 for fiscal year 2025. This represents a 54.0% 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.

First Western Financial Financials

MYFW

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows First Western Financial (MYFW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).

Rhea AI MYFW FY2025 2026-05-01

First Western Financial runs on a large, liability-funded balance sheet where small shifts in asset returns matter more than revenue growth.

FY2025 shows a profit-versus-cash split: net income was $13.2M while operating cash flow was -$1.8M. Cash ended at $200.3M even after $228.6M of financing inflow, which suggests recent asset growth relied on outside funding rather than cash generated by the business itself.

With total assets at $3.15B against only $265.6M of equity in FY2025, this is a balance-sheet spread business rather than a scale-driven operating model. ROA of 0.4% still produced ROE of 5.0%, so changes that look small at the asset level can materially change shareholder returns.

Since FY2023, equity growth moved from $242.7M to $265.6M while the asset base continued to expand, so retained capital is not keeping pace with balance-sheet growth. That leaves the company structurally reliant on liabilities for expansion, making funding conditions and asset performance more important than reported revenue alone.

Financial Health Signals

Financial Profile 16/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of First Western Financial'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.

Growth

First Western Financial's revenue grew 7.6% year-over-year to $96.9M, a solid pace of expansion. This earns a growth score of 47/100.

Leverage

First Western Financial has elevated debt relative to equity (D/E of 10.88), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

While First Western Financial generated -$1.8M in operating cash flow, capex of $4.0M consumed most of it, leaving -$5.8M in free cash flow. This results in a low score of 29/100, reflecting heavy capital investment rather than weak cash generation.

Returns

First Western Financial generates a 5.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is up from 3.4% the prior year.

Piotroski F-Score Weak

2/9

First Western Financial passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

-0.14x

For every $1 of reported earnings, First Western Financial generates $-0.14 in operating cash flow (-$1.8M OCF vs $13.2M 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

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Earnings & Revenue

Revenue

$96.9M

YoY+7.6%

5Y CAGR+0.9%

First Western Financial generated $96.9M in revenue in fiscal year 2025. This represents an increase of 7.6% from the prior year.

EBITDA

N/A

Net Income

$13.2M

YoY+55.6%

5Y CAGR-11.7%

First Western Financial reported $13.2M in net income in fiscal year 2025. This represents an increase of 55.6% from the prior year.

EPS (Diluted)

$1.34

YoY+54.0%

5Y CAGR-15.3%

First Western Financial earned $1.34 per diluted share (EPS) in fiscal year 2025. This represents an increase of 54.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$5.8M

YoY-850.4%

First Western Financial generated -$5.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 850.4% from the prior year.

Cash & Debt

$200.3M

YoY-15.1%

5Y CAGR+5.1%

First Western Financial held $200.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

10M

YoY+0.6%

5Y CAGR+4.1%

First Western Financial had 10M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

13.6%

YoY+4.2pp

5Y CAGR-12.9pp

First Western Financial's net profit margin was 13.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.2 percentage points from the prior year.

Return on Equity

5.0%

YoY+1.6pp

5Y CAGR-10.9pp

First Western Financial's ROE was 5.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$784K

YoY+780.9%

5Y CAGR+15.8%

First Western Financial spent $784K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 780.9% from the prior year.

Capital Expenditures

$4.0M

YoY+227.3%

5Y CAGR+26.9%

First Western Financial invested $4.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 227.3% from the prior year.

MYFW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$96.9M+7.6%	$90.1M+8.9%	$82.7M-23.4%	$107.9M+13.1%	$95.4M+3.0%	$92.6M
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	$46.1M+2.4%	$45.0M-0.4%	$45.2M-6.3%	$48.2M+18.4%	$40.7M+17.1%	$34.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$2.4M-97.3%	$88.3M+18.6%	$74.5M+331.1%	$17.3M+218.9%	$5.4M-25.1%	$7.2M
Income Tax	$3.9M+25.1%	$3.1M+69.2%	$1.8M-74.2%	$7.1M+6.9%	$6.7M-21.8%	$8.5M
Net Income	$13.2M+55.6%	$8.5M+62.2%	$5.2M-75.9%	$21.7M+5.3%	$20.6M-16.0%	$24.5M
EPS (Diluted)	$1.34+54.0%	$0.87+61.1%	$0.54-75.8%	$2.23-10.8%	$2.50-18.8%	$3.08

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$28.3M+9.8%	$25.7M+7.1%	$24.0M+7.2%	$22.4M-9.3%	$24.7M+1.5%	$24.3M+10.4%	$22.0M+7.9%	$20.4M
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	$12.9M+10.2%	$11.7M-1.3%	$11.9M+7.9%	$11.0M-4.0%	$11.5M+2.2%	$11.2M-1.8%	$11.4M+3.1%	$11.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$700K+103.8%	-$18.6M-3192.7%	$600K0.0%	$600K-97.0%	$19.8M-6.8%	$21.2M-5.9%	$22.5M+1.1%	$22.3M
Income Tax	$1.9M+69.0%	$1.1M+43.9%	$779K-4.3%	$814K-30.5%	$1.2M+0.5%	$1.2M+117.1%	$537K+58.4%	$339K
Net Income	$6.2M+87.3%	$3.3M+4.0%	$3.2M+27.3%	$2.5M-40.2%	$4.2M+52.3%	$2.7M+28.8%	$2.1M+98.3%	$1.1M
EPS (Diluted)	$0.63	N/A	$0.32+23.1%	$0.26-39.5%	$0.43	N/A	$0.22+100.0%	$0.11

MYFW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.2B+8.1%	$2.9B-1.9%	$3.0B+3.8%	$2.9B+13.4%	$2.5B+28.1%	$2.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$200.3M-15.1%	$236.0M-7.5%	$255.2M+29.9%	$196.5M-49.2%	$387.0M+148.1%	$156.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$4.6M-3.9%	$4.8M-6.5%	$5.1M+4.6%	$4.9M-7.5%	$5.3M+8.3%	$4.9M
Goodwill	$30.4M0.0%	$30.4M0.0%	$30.4M0.0%	$30.4M-0.6%	$30.6M+26.4%	$24.2M
Total Liabilities	$2.9B+8.4%	$2.7B-2.4%	$2.7B+4.1%	$2.6B+13.8%	$2.3B+26.9%	$1.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	$0	N/A	N/A	N/A	N/A
Total Equity	$265.6M+5.2%	$252.3M+3.9%	$242.7M+0.8%	$240.9M+10.0%	$219.0M+41.4%	$155.0M
Retained Earnings	$72.7M+22.2%	$59.5M+16.6%	$51.0M-1.6%	$51.9M+71.9%	$30.2M+215.2%	$9.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.2B+2.7%	$3.2B-2.6%	$3.2B+7.1%	$3.0B+4.1%	$2.9B-0.4%	$2.9B+0.2%	$2.9B-0.9%	$2.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$264.1M+31.8%	$200.3M-43.7%	$355.6M+53.1%	$232.3M-14.5%	$271.6M+15.1%	$236.0M-15.1%	$278.1M+13.2%	$245.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.5M+19.3%	$4.6M-2.3%	$4.7M+5.7%	$4.4M-1.6%	$4.5M-5.4%	$4.8M-2.1%	$4.9M-5.0%	$5.1M
Goodwill	$30.4M0.0%	$30.4M0.0%	$30.4M0.0%	$30.4M0.0%	$30.4M0.0%	$30.4M0.0%	$30.4M0.0%	$30.4M
Total Liabilities	$3.0B+2.7%	$2.9B-3.0%	$3.0B+7.6%	$2.8B+4.5%	$2.6B-0.6%	$2.7B+0.1%	$2.7B-1.0%	$2.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$10.0M	N/A	N/A	N/A	N/A	$0	N/A	N/A
Total Equity	$273.4M+2.9%	$265.6M+1.6%	$261.5M+1.0%	$258.8M+0.9%	$256.6M+1.7%	$252.3M+1.4%	$248.8M+0.8%	$246.9M
Retained Earnings	$78.9M+8.5%	$72.7M+4.8%	$69.4M+4.8%	$66.2M+3.9%	$63.7M+7.0%	$59.5M+4.8%	$56.8M+3.9%	$54.6M

MYFW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.8M-396.9%	$606K-97.2%	$21.9M-54.7%	$48.3M-70.3%	$162.5M+274.1%	-$93.3M
Capital Expenditures	$4.0M+227.3%	$1.2M-48.3%	$2.3M-20.9%	$3.0M+40.7%	$2.1M+74.9%	$1.2M
Free Cash Flow	-$5.8M-850.4%	-$607K-103.1%	$19.5M-56.9%	$45.3M-71.8%	$160.4M+269.7%	-$94.5M
Investing Cash Flow	-$264.4M-498.0%	$66.4M+200.1%	-$66.4M+88.1%	-$558.8M-1198.8%	-$43.0M+90.6%	-$456.0M
Financing Cash Flow	$228.6M+371.2%	-$84.3M-182.3%	$102.4M-68.0%	$320.0M+187.0%	$111.5M-82.2%	$626.7M
Dividends Paid	$0	$0	$0	$0	N/A	N/A
Share Buybacks	$784K+780.9%	$89K	$0	N/A	N/A	$377K

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$15.3M+241.9%	-$10.8M-207.3%	$10.0M+210.4%	-$9.1M-213.4%	$8.0M+281.6%	-$4.4M-123.4%	$18.8M+264.0%	-$11.5M
Capital Expenditures	$619K-51.8%	$1.3M+20.2%	$1.1M+85.9%	$575K-44.8%	$1.0M+175.4%	$378K+30.8%	$289K-20.8%	$365K
Free Cash Flow	$14.6M+221.6%	-$12.0M-234.4%	$9.0M+192.7%	-$9.7M-238.6%	$7.0M+245.5%	-$4.8M-125.8%	$18.6M+256.5%	-$11.9M
Investing Cash Flow	-$33.4M+38.3%	-$54.1M+43.3%	-$95.5M+35.3%	-$147.4M-552.2%	$32.6M+178.5%	-$41.6M-183.4%	$49.8M+3968.9%	-$1.3M
Financing Cash Flow	$81.9M+190.6%	-$90.5M-143.7%	$206.9M+76.4%	$117.3M+2408.7%	-$5.1M-187.7%	$5.8M+115.6%	-$37.1M-5493.2%	$688K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$146K	$0-100.0%	$301K-37.4%	$481K+23950.0%	$2K	$0-100.0%	$89K	$0

MYFW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	13.6%+4.2pp	9.4%+3.1pp	6.3%-13.8pp	20.1%-1.5pp	21.6%-4.9pp	26.5%
Return on Equity	5.0%+1.6pp	3.4%+1.2pp	2.1%-6.9pp	9.0%-0.4pp	9.4%-6.4pp	15.8%
Return on Assets	0.4%+0.1pp	0.3%+0.1pp	0.2%-0.6pp	0.8%-0.1pp	0.8%-0.4pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.88+10.9	0.00-11.3	11.26+0.4	10.90+0.4	10.54-1.2	11.74
FCF Margin	-5.9%-5.3pp	-0.7%-24.3pp	23.6%-18.4pp	42.0%-126.2pp	168.1%+270.2pp	-102.1%

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	22.0%+9.1pp	12.9%-0.4pp	13.3%+2.1pp	11.2%-5.8pp	16.9%+5.6pp	11.3%+1.6pp	9.7%+4.4pp	5.3%
Return on Equity	2.3%+1.0pp	1.3%+0.0pp	1.2%+0.3pp	1.0%-0.7pp	1.6%+0.5pp	1.1%+0.2pp	0.9%+0.4pp	0.4%
Return on Assets	0.2%+0.1pp	0.1%+0.0pp	0.1%+0.0pp	0.1%-0.1pp	0.1%+0.1pp	0.1%+0.0pp	0.1%+0.0pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.85-0.0	10.88-0.5	11.39+0.7	10.69+0.4	10.33+10.3	0.00-10.7	10.70-0.2	10.90
FCF Margin	51.8%+98.6pp	-46.8%-84.0pp	37.3%+80.3pp	-43.1%-71.3pp	28.2%+47.9pp	-19.7%-103.9pp	84.2%+142.3pp	-58.1%

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Frequently Asked Questions

What is First Western Financial's annual revenue?

First Western Financial (MYFW) reported $96.9M in total revenue for fiscal year 2025. This represents a 7.6% 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 Western Financial's revenue growing?

First Western Financial (MYFW) revenue grew by 7.6% year-over-year, from $90.1M to $96.9M in fiscal year 2025.

Is First Western Financial profitable?

Yes, First Western Financial (MYFW) reported a net income of $13.2M in fiscal year 2025, with a net profit margin of 13.6%.

What is First Western Financial's net profit margin?

First Western Financial (MYFW) had a net profit margin of 13.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is First Western Financial's return on equity (ROE)?

First Western Financial (MYFW) has a return on equity of 5.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is First Western Financial's free cash flow?

First Western Financial (MYFW) generated -$5.8M in free cash flow during fiscal year 2025. This represents a -850.4% 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 First Western Financial's operating cash flow?

First Western Financial (MYFW) generated -$1.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are First Western Financial's total assets?

First Western Financial (MYFW) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are First Western Financial's capital expenditures?

First Western Financial (MYFW) invested $4.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does First Western Financial buy back shares?

Yes, First Western Financial (MYFW) spent $784K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does First Western Financial have outstanding?

First Western Financial (MYFW) had 10M shares outstanding as of fiscal year 2025.

What is First Western Financial's debt-to-equity ratio?

First Western Financial (MYFW) had a debt-to-equity ratio of 10.88 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

First Western Financial (MYFW) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is First Western Financial's cash runway?

Based on fiscal year 2025 data, First Western Financial (MYFW) had $200.3M in cash against an annual operating cash burn of $1.8M. This gives an estimated cash runway of approximately 1336 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 First Western Financial's Piotroski F-Score?

First Western Financial (MYFW) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Western Financial's earnings high quality?

First Western Financial (MYFW) has an earnings quality ratio of -0.14x, 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 First Western Financial?

First Western Financial (MYFW) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.