1St Source Financials
This page shows 1St Source (SRCE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
1St Source's revenue declined 100% year-over-year, from $484.0M to $71K. This contraction results in a growth score of 0/100.
1St Source carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
1St Source converts 300.6% of revenue into free cash flow ($213K). This strong cash generation earns a score of 100/100.
1St Source's ROE of 12.4% shows moderate profitability relative to equity, earning a score of 50/100. This is up from 11.9% the prior year.
1St Source passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, 1St Source generates $1.41 in operating cash flow ($223K OCF vs $158K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
1St Source generated $71K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
1St Source generated $213K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 99.9% from the prior year.
1St Source reported $158K in net income in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
1St Source earned $6.41 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.6% from the prior year.
1St Source held $145K in cash against $10K in long-term debt as of fiscal year 2025.
1St Source paid $1.30 per share in dividends in fiscal year 2025. This represents a decrease of 7.1% from the prior year.
1St Source had 24M shares outstanding in fiscal year 2025. This represents a decrease of 0.9% from the prior year.
1St Source's net profit margin was 223.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 195.9 percentage points from the prior year.
1St Source's ROE was 12.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the prior year.
1St Source spent $14K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 92.2% from the prior year.
1St Source invested $10K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 99.9% from the prior year.
SRCE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $130.9M+2.9% | $127.2M+3.2% | $123.3M+0.1% | $123.2M+1.6% | $121.2M+4.0% | $116.5M+1.7% | $114.6M+6.8% | $107.3M |
| 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 | $42.1M+0.3% | $42.0M-0.8% | $42.4M-3.2% | $43.8M-7.1% | $47.1M+5.8% | $44.6M+3.0% | $43.2M+13.5% | $38.1M |
| Income Tax | $12.7M+17.6% | $10.8M+6.2% | $10.2M+18.0% | $8.6M-21.0% | $10.9M+29.6% | $8.4M+4.0% | $8.1M-16.7% | $9.7M |
| Net Income | $42.3M+13.3% | $37.3M-0.5% | $37.5M+19.4% | $31.4M-14.6% | $36.8M+24.9% | $29.5M+3.7% | $28.4M-13.7% | $32.9M |
| EPS (Diluted) | $1.71+13.2% | $1.51-0.7% | $1.52+19.7% | $1.27-14.8% | $1.49+25.2% | $1.19+2.6% | $1.16-12.1% | $1.32 |
SRCE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.1B-0.3% | $9.1B+1.4% | $9.0B+0.3% | $8.9B+0.6% | $8.9B+2.4% | $8.7B-0.7% | $8.7B+2.4% | $8.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $214.3M+43.7% | $149.1M-33.1% | $222.8M+78.5% | $124.8M-53.6% | $269.2M+232.8% | $80.9M-37.6% | $129.7M+16.7% | $111.1M |
| 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 | $83.9M | N/A | N/A | $83.9M | N/A |
| Total Liabilities | $7.8B-0.8% | $7.8B+1.1% | $7.7B-0.1% | $7.8B-0.2% | $7.8B+2.3% | $7.6B-1.0% | $7.7B+1.6% | $7.5B |
| 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 | $1.2B+3.2% | $1.2B+3.2% | $1.2B+4.5% | $1.1B+6.5% | $1.0B+3.3% | $1.0B+2.1% | $989.6M+7.1% | $924.3M |
| Retained Earnings | $983.6M+3.5% | $950.4M+3.1% | $921.7M+3.5% | $890.9M+5.8% | $841.8M+3.6% | $812.4M+2.9% | $789.8M+2.6% | $769.6M |
SRCE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $51.0M+13.8% | $44.9M-37.5% | $71.8M+114.0% | $33.5M-32.9% | $50.0M+19.1% | $42.0M-5.0% | $44.1M-15.4% | $52.2M |
| Capital Expenditures | $3.8M+108.2% | $1.8M-27.5% | $2.5M-61.6% | $6.5M+82.7% | $3.6M+522.6% | $575K-82.9% | $3.4M+243.0% | $983K |
| Free Cash Flow | $47.3M+9.8% | $43.0M-37.9% | $69.3M+156.5% | $27.0M-41.8% | $46.4M+12.1% | $41.4M+1.5% | $40.8M-20.3% | $51.2M |
| Investing Cash Flow | $100.5M+155.9% | -$179.6M-557.0% | $39.3M+115.4% | -$255.9M-703.3% | -$31.9M-34.4% | -$23.7M+84.0% | -$148.3M-34.8% | -$110.0M |
| Financing Cash Flow | -$86.4M-241.6% | $61.0M+565.8% | -$13.1M-107.4% | $177.8M+4.5% | $170.2M+353.9% | -$67.0M-154.6% | $122.7M+118.0% | $56.3M |
| Dividends Paid | $9.6M-0.4% | $9.6M+5.7% | $9.1M+0.1% | $9.1M+5.8% | $8.6M+0.1% | $8.6M0.0% | $8.6M+5.1% | $8.2M |
| Share Buybacks | $6.4M+124.6% | $2.8M+524.2% | $455K+155.6% | $178K | $0 | $0+100.0% | -$1K-100.0% | $10.3M |
SRCE Financial Ratios
| 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 | 32.3%+3.0pp | 29.3%-1.1pp | 30.4%+4.9pp | 25.5%-4.8pp | 30.4%+5.1pp | 25.3%+0.5pp | 24.8%-5.9pp | 30.7% |
| Return on Equity | 3.4%+0.3pp | 3.1%-0.1pp | 3.2%+0.4pp | 2.8%-0.7pp | 3.5%+0.6pp | 2.9%+0.1pp | 2.9%-0.7pp | 3.6% |
| Return on Assets | 0.5%+0.1pp | 0.4%0.0pp | 0.4%+0.1pp | 0.4%-0.1pp | 0.4%+0.1pp | 0.3%0.0pp | 0.3%-0.1pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 6.28-0.3 | 6.53-0.1 | 6.67-0.3 | 6.98-0.5 | 7.44-0.1 | 7.51-0.2 | 7.74-0.4 | 8.16 |
| FCF Margin | 36.1%+2.3pp | 33.8%-22.4pp | 56.2%+34.3pp | 21.9%-16.4pp | 38.3%+2.8pp | 35.5%-0.1pp | 35.6%-12.1pp | 47.7% |
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Frequently Asked Questions
What is 1St Source's annual revenue?
1St Source (SRCE) reported $71K in total revenue for fiscal year 2025. This represents a -100.0% 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 1St Source's revenue growing?
1St Source (SRCE) revenue declined by 100% year-over-year, from $484.0M to $71K in fiscal year 2025.
Is 1St Source profitable?
Yes, 1St Source (SRCE) reported a net income of $158K in fiscal year 2025, with a net profit margin of 223.3%.
What is 1St Source's earnings per share (EPS)?
1St Source (SRCE) reported diluted earnings per share of $6.41 for fiscal year 2025. This represents a 19.6% 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 1St Source have?
As of fiscal year 2025, 1St Source (SRCE) had $145K in cash and equivalents against $10K in long-term debt.
What is 1St Source's net profit margin?
1St Source (SRCE) had a net profit margin of 223.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does 1St Source pay dividends?
Yes, 1St Source (SRCE) paid $1.30 per share in dividends during fiscal year 2025.
What is 1St Source's return on equity (ROE)?
1St Source (SRCE) has a return on equity of 12.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is 1St Source's free cash flow?
1St Source (SRCE) generated $213K in free cash flow during fiscal year 2025. This represents a -99.9% 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 1St Source's operating cash flow?
1St Source (SRCE) generated $223K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are 1St Source's total assets?
1St Source (SRCE) had $9.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are 1St Source's capital expenditures?
1St Source (SRCE) invested $10K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does 1St Source buy back shares?
Yes, 1St Source (SRCE) spent $14K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does 1St Source have outstanding?
1St Source (SRCE) had 24M shares outstanding as of fiscal year 2025.
What is 1St Source's debt-to-equity ratio?
1St Source (SRCE) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is 1St Source's return on assets (ROA)?
1St Source (SRCE) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is 1St Source's Piotroski F-Score?
1St Source (SRCE) has a Piotroski F-Score of 5 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 1St Source's earnings high quality?
1St Source (SRCE) has an earnings quality ratio of 1.41x, considered cash-backed (high 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.
How financially healthy is 1St Source?
1St Source (SRCE) scores 62 out of 100 on our Financial Profile, indicating moderate 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.