Western Alliance Financials

WAL

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Key Financial Metrics

Revenue

$68.0M

YoY-31.0%

5Y CAGR-43.9%

10Y CAGR-16.6%

Western Alliance generated $68.0M in revenue in fiscal year 2024. This represents a decrease of 31.0% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$787.7M

YoY+9.0%

5Y CAGR+9.6%

10Y CAGR+18.2%

Western Alliance reported $787.7M in net income in fiscal year 2024. This represents an increase of 9.0% from the prior year.

EPS (Diluted)

$7.09

YoY+8.4%

5Y CAGR+7.9%

10Y CAGR+15.6%

Western Alliance earned $7.09 per diluted share in fiscal year 2024. This represents an increase of 8.4% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$1.49

YoY+2.8%

5Y CAGR+42.9%

Western Alliance paid $1.49 per share in dividends in fiscal year 2024. This represents an increase of 2.8% from the prior year.

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

1158.4%

YoY+425.7pp

5Y CAGR+1117.6pp

10Y CAGR+1122.9pp

Western Alliance's net profit margin was 1158.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 425.7 percentage points from the prior year.

Return on Equity

11.7%

YoY-0.1pp

5Y CAGR-4.8pp

10Y CAGR-3.0pp

Western Alliance's return on equity was 11.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

WAL Income Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Revenue	$68.0M-31.0%	$98.6M+123.6%	$44.1M+17.3%	$37.6M-97.0%	$1.3B+3.0%	$1.2B
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	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
Interest Expense	$1.9B+13.3%	$1.7B+256.8%	$475.5M+332.7%	$109.9M+15.8%	$94.9M-48.6%	$184.6M
Income Tax	$203.5M-3.6%	$211.2M-18.4%	$258.8M+15.6%	$223.8M+93.1%	$115.9M+10.4%	$105.0M
Net Income	$787.7M+9.0%	$722.4M-31.7%	$1.1B+17.6%	$899.2M+77.5%	$506.6M+1.5%	$499.2M
EPS (Diluted)	$7.09+8.4%	$6.54-32.6%	$9.70+11.9%	$8.67+72.0%	$5.04+4.1%	$4.84

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$24.5M+4.3%	$23.5M+2.2%	$23.0M	N/A	$15.2M-10.1%	$16.9M+25.2%	$13.5M	N/A
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	$475.1M+4.0%	$456.8M+2.7%	$445.0M	N/A	$503.1M+2.5%	$490.9M+7.6%	$456.1M	N/A
Income Tax	$53.3M-0.4%	$53.5M+13.1%	$47.3M	N/A	$52.3M-3.7%	$54.3M-0.2%	$54.4M	N/A
Net Income	$253.4M+10.0%	$230.4M+15.7%	$199.1M	N/A	$199.8M+3.2%	$193.6M+9.1%	$177.4M	N/A
EPS (Diluted)	$2.28+10.1%	$2.07+15.6%	$1.79	N/A	$1.80+2.9%	$1.75+9.4%	$1.60	N/A

WAL Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Total Assets	$80.9B+14.2%	$70.9B+4.6%	$67.7B+21.0%	$56.0B+53.5%	$36.5B+35.9%	$26.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	$1.0B+102.1%	$516.4M-80.7%	$2.7B+514.7%	$434.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$1.6M0.0%	$1.6M
Goodwill	$527.0M0.0%	$527.0M0.0%	$527.0M+7.3%	$491.0M+69.4%	$289.9M0.0%	$289.9M
Total Liabilities	$74.2B+14.6%	$64.8B+3.9%	$62.4B+22.3%	$51.0B+54.4%	$33.0B+38.8%	$23.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.4B+443.0%	$446.0M-65.9%	$1.3B+68.6%	$775.0M	$0	N/A
Total Equity	$6.7B+10.3%	$6.1B+13.5%	$5.4B+7.9%	$5.0B+45.4%	$3.4B+13.2%	$3.0B
Retained Earnings	$4.8B+14.5%	$4.2B+15.0%	$3.7B+32.1%	$2.8B+38.6%	$2.0B+19.1%	$1.7B

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$91.0B+4.9%	$86.7B+4.4%	$83.0B+2.6%	$80.9B+1.1%	$80.1B-0.6%	$80.6B+4.7%	$77.0B+8.6%	$70.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	$527.0M	N/A	N/A	N/A	$527.0M
Total Liabilities	$83.3B+5.0%	$79.3B+4.6%	$75.8B+2.2%	$74.2B+1.1%	$73.4B-1.1%	$74.2B+4.8%	$70.8B+9.3%	$64.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.9B-0.3%	$2.9B+80.1%	$1.6B-33.3%	$2.4B+69.6%	$1.4B+227.5%	$436.0M-1.1%	$441.0M-1.1%	$446.0M
Total Equity	$7.4B-0.1%	$7.4B+2.7%	$7.2B+7.6%	$6.7B+0.4%	$6.7B+5.4%	$6.3B+2.6%	$6.2B+1.5%	$6.1B
Retained Earnings	$5.4B+4.0%	$5.2B+3.7%	$5.0B+3.2%	$4.8B+3.7%	$4.7B+3.5%	$4.5B+3.4%	$4.3B+3.2%	$4.2B

WAL Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Operating Cash Flow	-$2.7B-734.4%	-$328.6M-114.6%	$2.2B+184.6%	-$2.7B-496.0%	$670.2M-6.6%	$717.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$6.0B-176.4%	-$2.2B+83.6%	-$13.1B+10.8%	-$14.7B-95.2%	-$7.5B-102.5%	-$3.7B
Financing Cash Flow	$11.2B+271.8%	$3.0B-73.5%	$11.4B-25.0%	$15.2B+67.1%	$9.1B+209.5%	$2.9B
Dividends Paid	$176.8M+3.1%	$171.5M+3.2%	$166.2M+30.3%	$127.6M+26.0%	$101.3M+97.5%	$51.3M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$71.6M-40.4%	$120.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	-$1.7B	N/A	N/A	N/A	-$306.5M	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	-$1.6B	N/A	N/A	N/A	-$3.6B	N/A
Financing Cash Flow	N/A	N/A	$2.4B	N/A	N/A	N/A	$5.9B	N/A
Dividends Paid	N/A	N/A	$45.0M	N/A	N/A	N/A	$43.9M	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WAL Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22	FY21
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	1158.4%+425.7pp	732.7%-1664.9pp	2397.5%+6.0pp	2391.5%+2351.3pp	40.2%-0.6pp	40.8%
Return on Equity	11.7%-0.1pp	11.9%-7.9pp	19.7%+1.6pp	18.1%+3.3pp	14.8%-1.7pp	16.6%
Return on Assets	1.0%-0.1pp	1.0%-0.5pp	1.6%-0.1pp	1.6%+0.2pp	1.4%-0.5pp	1.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.36+0.3	0.07-0.2	0.24+0.1	0.16+0.2	0.00-7.9	7.89
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
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	1034.3%+53.9pp	980.4%+114.8pp	865.6%	N/A	1314.5%+168.9pp	1145.6%-168.5pp	1314.1%	N/A
Return on Equity	3.4%+0.3pp	3.1%+0.3pp	2.8%	N/A	3.0%-0.1pp	3.1%+0.2pp	2.9%	N/A
Return on Assets	0.3%0.0pp	0.3%+0.0pp	0.2%	N/A	0.3%+0.0pp	0.2%0.0pp	0.2%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.390.0	0.39+0.2	0.22-0.1	0.36+0.1	0.21+0.1	0.070.0	0.070.0	0.07
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Western Alliance's annual revenue?

Western Alliance (WAL) reported $68.0M in revenue for fiscal year 2024.

How fast is Western Alliance's revenue growing?

Western Alliance (WAL) revenue declined by 31% year-over-year, from $98.6M to $68.0M in fiscal year 2024.

Is Western Alliance profitable?

Yes, Western Alliance (WAL) reported a net income of $787.7M in fiscal year 2024, with a net profit margin of 1158.4%.

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

Western Alliance (WAL) reported diluted earnings per share of $7.09 for fiscal year 2024.

What is Western Alliance's net profit margin?

Western Alliance (WAL) had a net profit margin of 1158.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Western Alliance pay dividends?

Yes, Western Alliance (WAL) paid $1.49 per share in dividends during fiscal year 2024.

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

Western Alliance (WAL) has a return on equity of 11.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Western Alliance's operating cash flow?

Western Alliance (WAL) generated -$2.7B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Western Alliance's total assets?

Western Alliance (WAL) had $80.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What is Western Alliance's debt-to-equity ratio?

Western Alliance (WAL) had a debt-to-equity ratio of 0.36 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Western Alliance (WAL) had a return on assets of 1.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.