Bankwell Financial (BWFG) financial statements
Bankwell Financial reported revenue of $3M in fiscal 2025, down 27.6% a year over 9 years.
Net income was $35M.
Free cash flow was $27M, and the company returned $6M in dividends and $1M in net buybacks.
The diluted share count rose 4% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Bankwell Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52M | $59M | $1M | $1M | $788,000 | $872,000 | $1M | $2M | $2M | $3M |
| Interest expense | $12M | $17M | $24M | $29M | $23M | $13M | $23M | $94M | — | — |
| Pre-tax income | $18M | $25M | $21M | $23M | $7M | $34M | $48M | $48M | $13M | $48M |
| Income tax | $6M | $11M | $4M | $5M | $1M | $7M | $11M | $11M | $4M | $13M |
| Net income | $12M | $14M | $17M | $18M | $6M | $27M | $37M | $37M | $10M | $35M |
| EPS (diluted) | $1.62 | $1.78 | $2.21 | $2.31 | $0.75 | $3.36 | $4.79 | $4.67 | $1.23 | $4.45 |
| Diluted shares | 7M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M |
| Net margin | 23.9% | 23.4% | 1599.4% | 1780.6% | 749.2% | 3048.9% | 3491.5% | 2250.6% | 497.7% | 1245.5% |
Balance sheet
Fiscal years, from Bankwell Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $96M | $184M | $195M | $179M | $516M | $453M | $477M | $397M | $454M | $417M |
| Property, plant and equipment | $18M | $18M | $20M | $29M | $22M | $26M | $27M | $27M | $24M | $22M |
| Goodwill | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M |
| Total assets | $1.6B | $1.8B | $1.9B | $1.9B | $2.3B | $2.5B | $3.3B | $3.2B | $3.3B | $3.4B |
| Total liabilities | $1.5B | $1.6B | $1.7B | $1.7B | $2.1B | $2.3B | $3.0B | $2.9B | $3.0B | $3.1B |
| Shareholders' equity | $146M | $161M | $174M | $182M | $177M | $202M | $238M | $266M | $271M | $301M |
| Net debt | -$96M | -$71M | -$78M | -$78M | -$410M | -$345M | -$356M | -$269M | -$308M | -$225M |
Cash flow
Fiscal years, from Bankwell Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $17M | $21M | $20M | $7M | -$2M | $35M | $83M | $32M | $30M | $28M |
| Capital spending | $8M | $2M | $3M | $645,000 | — | — | $5M | $2M | $613,000 | $1M |
| Free cash flow | $9M | $19M | $17M | $6M | — | — | $78M | $30M | $29M | $27M |
| Stock-based compensation | $1M | $917,000 | $1M | $1M | $2M | $2M | $2M | $3M | $3M | $2M |
| Dividends paid | $2M | $2M | $4M | $4M | $4M | $5M | $6M | $6M | $6M | $6M |
| Share buybacks (net) | — | $0 | $0 | -$988,000 | -$1M | -$5M | -$6M | $0 | -$2M | -$1M |
| Free cash flow margin | 17.3% | 31.7% | 1525.3% | 585.1% | — | — | 7249.1% | 1834.4% | 1493.8% | 960.0% |
| Dividends per share | $0.22 | $0.28 | $0.48 | $0.52 | $0.57 | $0.65 | $0.81 | $0.82 | $0.81 | $0.80 |
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Open BWFG in InvestinglyQuestions
What was Bankwell Financial's revenue in 2025?
$3M in fiscal 2025, from its 10-K filing.
How much free cash flow does Bankwell Financial generate?
$27M in fiscal 2025 (operating cash flow minus capital spending).
From Bankwell Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.