Primis Financial (FRST) financial statements
Primis Financial reported revenue of $224M in fiscal 2025, up 20.1% a year over 9 years.
Net income was $61M.
Free cash flow was $9M, and the company returned $10M in dividends and $807,000 in net buybacks.
The diluted share count rose 99% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Primis Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43M | $73M | $101M | $95M | $106M | $105M | $120M | $144M | $147M | $224M |
| Interest expense | $9M | $16M | $28M | $37M | $26M | $19M | $22M | $94M | — | — |
| Pre-tax income | $15M | $16M | $43M | $38M | $19M | $40M | $17M | -$11M | -$29M | $73M |
| Income tax | $5M | $13M | $10M | $6M | $4M | $9M | $3M | -$1M | -$4M | $15M |
| Net income | $10M | $2M | $34M | $33M | $23M | $31M | $14M | -$8M | -$16M | $61M |
| EPS (diluted) | $0.83 | $0.13 | $1.39 | $1.36 | $0.96 | — | $0.57 | -$0.32 | -$0.66 | $2.49 |
| Diluted shares | 12M | 19M | 24M | 24M | 24M | 25M | 25M | 25M | 25M | 25M |
| Net margin | 23.9% | 3.3% | 33.3% | 34.9% | 21.6% | 29.6% | 11.8% | -5.4% | -11.0% | 27.5% |
Balance sheet
Fiscal years, from Primis 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 | $47M | $25M | $29M | $32M | $196M | $530M | $78M | $78M | $65M | $144M |
| Property, plant and equipment | $8M | $36M | $32M | $31M | $30M | $30M | $25M | $21M | $19M | $6M |
| Goodwill | $11M | $101M | $102M | $102M | $102M | $102M | $105M | $93M | $93M | $93M |
| Total assets | $1.1B | $2.6B | $2.7B | $2.7B | $3.1B | $3.4B | $3.6B | $3.9B | $3.7B | $4.0B |
| Long-term debt | $6M | — | — | — | — | — | — | — | — | — |
| Total liabilities | $1.0B | $2.3B | $2.4B | $2.3B | $2.7B | $3.0B | $3.2B | $3.5B | $3.3B | $3.6B |
| Shareholders' equity | $126M | $323M | $348M | $377M | $389M | $410M | $389M | $376M | $352M | $423M |
| Net debt | -$41M | -$25M | -$29M | -$32M | -$196M | -$530M | -$78M | -$78M | -$65M | -$144M |
Cash flow
Fiscal years, from Primis Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18M | $25M | $41M | $37M | $30M | $28M | $12M | $29M | $20M | $11M |
| Capital spending | $143,000 | $1M | $2M | $1M | $1M | $2M | $1M | $2M | $1M | $2M |
| Free cash flow | $18M | $23M | $39M | $36M | $29M | $25M | $11M | $27M | $18M | $9M |
| Stock-based compensation | $260,000 | $251,000 | $280,000 | $432,000 | $2M | $747,000 | $395,000 | $712,000 | $940,000 | $3M |
| Dividends paid | $4M | $6M | $8M | $9M | $10M | $10M | $10M | $10M | $10M | $10M |
| Share buybacks (net) | — | — | — | — | — | — | — | — | — | -$807,000 |
| Net borrowing | $21M | $191M | -$169M | -$48M | — | — | — | — | — | — |
| Free cash flow margin | 41.5% | 31.6% | 39.0% | 37.5% | 26.9% | 23.9% | 9.5% | 18.7% | 12.4% | 4.0% |
| Dividends per share | $0.32 | $0.31 | $0.32 | $0.36 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 |
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Open FRST in InvestinglyQuestions
What was Primis Financial's revenue in 2025?
$224M in fiscal 2025, from its 10-K filing.
How much free cash flow does Primis Financial generate?
$9M in fiscal 2025 (operating cash flow minus capital spending).
From Primis Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.