First Western Financial Financials
First Western Financial (MYFW) reported $96.9M in revenue for fiscal year 2025, up 7.6% from the prior fiscal year. This page shows its 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).
Thin asset returns amplified by heavy leverage drive earnings, but recent profit is not turning into cash.
Net income recovery reached$13.2M in FY2025, yet operating cash flow slipped to-$1.8M , so reported profitability and cash generation moved in opposite directions. That mismatch has persisted through the last two years, implying more of the earnings lift came from balance-sheet movements than from cash arriving cleanly through operations.
Balance-sheet leverage is the core operating mechanic: FY2025 assets of
Overhead stayed relatively fixed, with selling and admin expense near
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 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.
First Western Financial passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 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, First Western Financial used $0.14 of operating cash (-$1.8M OCF vs $13.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
First Western Financial generated $96.9M in revenue in fiscal year 2025. This represents an increase of 7.6% from the prior year.
First Western Financial reported $13.2M in net income in fiscal year 2025. This represents an increase of 55.6% from the prior year.
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.
Not reported for fiscal year 2025.
Cash & Balance Sheet
First Western Financial recorded an outflow of $5.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 850.4% from the prior year.
First Western Financial held $200.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
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.
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.
Not reported for fiscal year 2025.
MYFW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $106.7M | $96.9M+7.6% | $90.1M+8.9% | $82.7M-23.4% | $107.9M+13.1% | $95.4M+3.0% | $92.6M+44.7% | $64.0M+11.0% | $57.6M+5.7% | $54.5M |
| SG&A Expenses | $49.6M | $46.1M+2.4% | $45.0M-0.4% | $45.2M-6.3% | $48.2M+18.4% | $40.7M+17.1% | $34.8M+9.4% | $31.8M+6.8% | $29.8M+3.9% | $28.7M |
| Interest Expense | -$16.6M | $2.4M-97.3% | $88.3M+18.6% | $74.5M+331.1% | $17.3M+218.9% | $5.4M-25.1% | $7.2M-44.3% | $13.0M+59.0% | $8.2M+41.9% | $5.8M |
| Income Tax | $5.5M | $3.9M+25.1% | $3.1M+69.2% | $1.8M-74.2% | $7.1M+6.9% | $6.7M-21.8% | $8.5M+290.7% | $2.2M+23.0% | $1.8M-40.5% | $3.0M |
| Net Income | $18.4M | $13.2M+55.6% | $8.5M+62.2% | $5.2M-75.9% | $21.7M+5.3% | $20.6M-16.0% | $24.5M+206.3% | $8.0M+41.8% | $5.6M+179.1% | $2.0M |
| EPS (Diluted) | — | $1.34+54.0% | $0.87+61.1% | $0.54-75.8% | $2.23-10.8% | $2.50-18.8% | $3.08+205.0% | $1.01+60.3% | $0.63+1360.0% | -$0.05 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MYFW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B+8.1% | $2.9B-1.9% | $3.0B+3.8% | $2.9B+13.4% | $2.5B+28.1% | $2.0B+57.7% | $1.3B+15.4% | $1.1B+11.8% | $969.7M |
| Cash & Equivalents | $200.3M-15.1% | $236.0M-7.5% | $255.2M+29.9% | $196.5M-49.2% | $387.0M+148.1% | $156.0M+98.4% | $78.6M+7.2% | $73.4M+672.0% | $9.5M |
| Accounts Receivable | $4.6M-3.9% | $4.8M-6.5% | $5.1M+4.6% | $4.9M-7.5% | $5.3M+8.3% | $4.9M-7.1% | $5.2M+16.6% | $4.5M-19.7% | $5.6M |
| Goodwill | $30.4M0.0% | $30.4M0.0% | $30.4M0.0% | $30.4M-0.6% | $30.6M+26.4% | $24.2M+22.9% | $19.7M-20.7% | $24.8M0.0% | $24.8M |
| Total Liabilities | $2.9B+8.4% | $2.7B-2.4% | $2.7B+4.1% | $2.6B+13.8% | $2.3B+26.9% | $1.8B+61.8% | $1.1B+16.2% | $967.4M+11.5% | $867.8M |
| Long-Term Debt | N/A | $0 | N/A | N/A | N/A | 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+21.4% | $127.7M+9.2% | $116.9M+14.8% | $101.8M |
| Retained Earnings | $72.7M+22.2% | $59.5M+16.6% | $51.0M-1.6% | $51.9M+71.9% | $30.2M+215.2% | $9.6M+164.1% | -$15.0M+35.5% | -$23.2M+15.0% | -$27.3M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.
MYFW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $26.7M | -$1.8M-396.9% | $606K-97.2% | $21.9M-54.7% | $48.3M-70.3% | $162.5M+274.1% | -$93.3M-333.8% | -$21.5M-220.9% | $17.8M+427.8% | -$5.4M |
| Capital Expenditures | $3.9M | $4.0M+227.3% | $1.2M-48.3% | $2.3M-20.9% | $3.0M+40.7% | $2.1M+74.9% | $1.2M+190.4% | $415K-41.9% | $714K+43.1% | $499K |
| Free Cash Flow | $22.8M | -$5.8M-850.4% | -$607K-103.1% | $19.5M-56.9% | $45.3M-71.8% | $160.4M+269.7% | -$94.5M-331.1% | -$21.9M-228.3% | $17.1M+388.2% | -$5.9M |
| Investing Cash Flow | -$274.8M | -$264.4M-498.0% | $66.4M+200.1% | -$66.4M+88.1% | -$558.8M-1198.8% | -$43.0M+90.6% | -$456.0M-291.8% | -$116.4M-84.5% | -$63.1M+38.2% | -$102.1M |
| Financing Cash Flow | $188.7M | $228.6M+371.2% | -$84.3M-182.3% | $102.4M-68.0% | $320.0M+187.0% | $111.5M-82.2% | $626.7M+337.7% | $143.2M+31.2% | $109.1M+101.0% | $54.3M |
| Dividends Paid | N/A | $0 | $0 | $0 | $0 | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $447K | $784K+780.9% | $89K | $0 | N/A | N/A | $377K-49.3% | $743K+310.5% | $181K | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MYFW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 13.6%+4.2pp | 9.4%+3.1pp | 6.3%-13.8pp | 20.1%-1.5pp | 21.6%-4.9pp | 26.5%+14.0pp | 12.5%+2.7pp | 9.8%+6.1pp | 3.7% |
| 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%+9.6pp | 6.3%+1.4pp | 4.8%+2.8pp | 2.0% |
| 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%+0.6pp | 0.6%+0.1pp | 0.5%+0.3pp | 0.2% |
| Debt-to-Equity | 10.88+10.9x | 0.00-11.3x | 11.26+0.4x | 10.90+0.4x | 10.54-1.2x | 11.74+2.9x | 8.80+0.5x | 8.28-0.2x | 8.52 |
| FCF Margin | -5.9%-5.3pp | -0.7%-24.3pp | 23.6%-18.4pp | 42.0% | 168.1% | -102.1% | -34.3%-63.9pp | 29.6%+40.5pp | -10.9% |
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.
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Where First Western Financial Ranks
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) recorded an outflow of $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) recorded an outflow of $1.8M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 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 First Western Financial's earnings high quality?
For every $1 of reported earnings, First Western Financial (MYFW) used $0.14 of operating cash (-$1.8M OCF vs $13.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 42 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.