SMBK (SMBK) financial statements
SMBK reported revenue of $200M in fiscal 2025, up 18.8% a year over 9 years.
Net income was $50M.
Free cash flow was $59M, and the company returned $5M in dividends.
The diluted share count rose 176% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SMBK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42M | $51M | $83M | $99M | $116M | $137M | $165M | $152M | $172M | $200M |
| Interest expense | $4M | $6M | $16M | $25M | $17M | $12M | $21M | $88M | — | — |
| Pre-tax income | $9M | $11M | $21M | $33M | $31M | $44M | $55M | $36M | $45M | $62M |
| Income tax | $3M | $6M | $3M | $7M | $7M | $10M | $12M | $8M | $9M | $11M |
| Net income | $6M | $5M | $18M | $27M | $24M | $35M | $43M | $29M | $36M | $50M |
| EPS (diluted) | $0.78 | $0.55 | $1.45 | $1.89 | $1.62 | $2.22 | $2.55 | $1.69 | $2.14 | $2.98 |
| Diluted shares | 6M | 9M | 13M | 14M | 15M | 16M | 17M | 17M | 17M | 17M |
| Net margin | 13.7% | 9.8% | 21.7% | 26.8% | 20.9% | 25.3% | 26.0% | 18.8% | 21.1% | 25.1% |
Balance sheet
Fiscal years, from SMBK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $69M | $113M | $116M | $184M | $482M | $1.0B | $266M | $352M | $388M | $464M |
| Property, plant and equipment | $31M | $43M | $56M | $59M | $73M | $86M | $93M | $93M | $91M | $88M |
| Goodwill | — | — | $66M | $66M | $74M | $92M | $96M | $96M | $96M | $90M |
| Total assets | $1.1B | $1.7B | $2.3B | $2.4B | $3.3B | $4.6B | $4.6B | $4.8B | $5.3B | $5.9B |
| Long-term debt | $0 | $10M | — | — | — | — | — | — | — | — |
| Total liabilities | $957M | $1.5B | $2.0B | $2.1B | $2.9B | $4.2B | $4.2B | $4.4B | $4.8B | $5.3B |
| Shareholders' equity | $105M | $206M | $283M | $313M | $357M | $429M | $432M | $460M | $491M | $552M |
| Net debt | -$69M | -$103M | -$116M | -$184M | -$482M | -$1.0B | -$266M | -$352M | -$388M | -$464M |
Cash flow
Fiscal years, from SMBK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12M | $1M | $21M | $30M | $29M | $46M | $57M | $40M | $53M | $62M |
| Capital spending | $7M | $3M | $4M | $6M | $5M | $2M | $12M | $6M | $6M | $2M |
| Free cash flow | $5M | -$2M | $17M | $24M | $24M | $44M | $44M | $33M | $46M | $59M |
| Stock-based compensation | $132,635 | $154,296 | $397,000 | $517,000 | $482,000 | $693,000 | $1M | $1M | $2M | $2M |
| Dividends paid | — | — | $0 | $700,000 | $3M | $4M | $5M | $5M | $5M | $5M |
| Share buybacks (net) | — | — | — | — | -$4M | -$1M | — | — | -$3M | — |
| Net borrowing | — | — | — | $14M | $50M | $7M | -$45M | -$4M | -$6M | $2M |
| Free cash flow margin | 10.8% | -3.0% | 20.4% | 23.8% | 20.3% | 31.9% | 26.8% | 21.9% | 27.0% | 29.6% |
| Dividends per share | — | — | — | $0.05 | $0.20 | $0.24 | $0.28 | $0.32 | $0.32 | $0.32 |
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Open SMBK in InvestinglyQuestions
What was SMBK's revenue in 2025?
$200M in fiscal 2025, from its 10-K filing.
How much free cash flow does SMBK generate?
$59M in fiscal 2025 (operating cash flow minus capital spending).
From SMBK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.