Flagstar Financial (FLG) financial statements
Flagstar Financial reported revenue of $2.1B in fiscal 2025, up 58.5% a year over 9 years.
Net income was -$177M.
Free cash flow was -$114M, and the company returned $15M in dividends.
The diluted share count rose 157% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Flagstar Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33M | $32M | $30M | $29M | $22M | $23M | $27M | $5.8B | $2.6B | $2.1B |
| Selling, general and admin | $188M | $179M | $129M | $120M | $124M | $127M | $158M | $389M | $513M | $307M |
| Operating income | — | — | — | — | — | -$495M | -$577M | $3.7B | -$44M | $149M |
| Interest expense | $387M | $452M | $659M | $848M | $608M | $400M | $696M | $2.4B | — | — |
| Pre-tax income | $777M | $668M | $558M | $523M | $588M | $806M | $826M | -$50M | -$1.4B | -$198M |
| Income tax | $282M | $202M | $135M | $128M | $77M | $210M | $176M | $29M | -$260M | -$21M |
| Net income | $495M | $466M | $422M | $395M | $511M | $596M | $650M | -$79M | -$1.1B | -$177M |
| EPS (diluted) | $3.03 | $2.70 | $2.37 | $2.31 | $3.06 | $3.60 | $3.77 | -$0.49 | -$3.49 | -$0.50 |
| Diluted shares | 162M | 162M | 162M | 155M | 154M | 155M | 162M | 238M | 331M | 415M |
| Operating margin | — | — | — | — | — | -2152.2% | -2137.0% | 63.6% | -1.7% | 7.2% |
| Net margin | 1516.6% | 1467.9% | 1419.2% | 1362.1% | 2322.7% | 2591.3% | 2407.4% | -1.4% | -43.8% | -8.6% |
Balance sheet
Fiscal years, from Flagstar 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 | $558M | $2.5B | $1.5B | $742M | $1.9B | $2.2B | $11.1B | $20.6B | $25.8B | $6.0B |
| Property, plant and equipment | $374M | $369M | $346M | $313M | $287M | $270M | $491M | $652M | $562M | $477M |
| Goodwill | $2.4B | $2.4B | $2.4B | $2.4B | $2.4B | $2.4B | $2.4B | $0 | $0 | — |
| Total assets | $48.9B | $49.1B | $51.9B | $53.6B | $56.3B | $59.5B | $90.1B | $114.1B | $100.2B | $87.5B |
| Long-term debt | — | — | $295M | $295M | — | — | — | — | — | — |
| Total liabilities | $42.8B | $42.3B | $45.2B | $46.9B | $49.5B | $52.5B | $81.3B | $105.7B | $92.0B | $79.4B |
| Shareholders' equity | $6.1B | $6.8B | $6.7B | $6.7B | $6.8B | $7.0B | $8.8B | $8.4B | $8.2B | $8.1B |
| Net debt | -$558M | -$2.5B | -$1.2B | -$447M | -$1.9B | -$2.2B | -$2.0B | -$11.5B | -$15.4B | -$6.0B |
Cash flow
Fiscal years, from Flagstar Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $756M | $1.3B | $540M | $510M | $334M | $290M | $1.0B | $263M | $86M | -$181M |
| Capital spending | $84M | $28M | $10M | — | — | -$4M | -$3M | -$66M | -$36M | -$67M |
| Free cash flow | $671M | $1.3B | $531M | — | — | $294M | $1.0B | $329M | $122M | -$114M |
| Stock-based compensation | $33M | $36M | $36M | $32M | $29M | $31M | $29M | $47M | $54M | $61M |
| Dividends paid | $331M | $332M | $333M | $317M | $316M | $316M | $317M | $486M | $53M | $15M |
| Share buybacks (net) | -$9M | -$18M | -$161M | -$67M | -$50M | $0 | -$7M | $0 | $0 | — |
| Net borrowing | -$2.1B | -$460M | $1.3B | $348M | $1.5B | $478M | -$1.9B | -$74M | -$6.9B | -$2.2B |
| Free cash flow margin | 2055.6% | 4089.9% | 1782.3% | — | — | 1278.3% | 3811.1% | 5.7% | 4.8% | -5.5% |
| Dividends per share | $2.05 | $2.05 | $2.05 | $2.04 | $2.05 | $2.04 | $1.96 | $2.04 | $0.16 | $0.04 |
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Open FLG in InvestinglyQuestions
What was Flagstar Financial's revenue in 2025?
$2.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Flagstar Financial generate?
-$114M in fiscal 2025 (operating cash flow minus capital spending).
From Flagstar Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.