Bancorp (TBBK) financial statements
Bancorp reported revenue of $141M in fiscal 2025, up 0.7% a year over 9 years.
Net income was $228M.
Free cash flow was $258M, and the company returned $378M 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 Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $132M | $198M | $275M | $9M | $7M | $8M | $86M | $99M | $117M | $141M |
| Cost of revenue | $1M | $170,000 | $117,000 | $81,000 | — | — | — | — | — | — |
| Gross profit | $131M | $198M | $275M | $9M | — | — | — | — | — | — |
| Interest expense | $12M | $15M | $27M | $38M | $16M | $11M | $59M | $155M | — | — |
| Pre-tax income | -$69M | $40M | $120M | $72M | $108M | $144M | $178M | $257M | $292M | $303M |
| Income tax | -$13M | $23M | $32M | $21M | $28M | $34M | $48M | $64M | $75M | $75M |
| Net income | -$96M | $22M | $89M | $52M | $80M | $111M | $130M | $192M | $218M | $228M |
| EPS (diluted) | -$2.17 | $0.39 | $1.55 | $0.90 | $1.37 | $1.88 | $2.27 | $3.49 | $4.29 | $4.92 |
| Diluted shares | 45M | 56M | 57M | 57M | 58M | 59M | 57M | 55M | 51M | 46M |
| Gross margin | 99.2% | 99.9% | 100.0% | 99.1% | — | — | — | — | — | — |
| Net margin | -72.9% | 10.9% | 32.3% | 549.9% | 1127.8% | 1470.3% | 151.1% | 193.8% | 186.3% | 161.7% |
Balance sheet
Fiscal years, from Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $999M | $909M | $554M | $944M | $346M | $602M | $888M | $1.0B | $570M | $113M |
| Property, plant and equipment | $24M | $20M | $19M | $18M | $18M | $16M | $18M | $27M | $28M | $30M |
| Goodwill | — | — | — | — | — | $263,000 | $263,000 | $263,000 | $263,000 | $263,000 |
| Total assets | $4.9B | $4.7B | $4.4B | $5.7B | $6.3B | $6.8B | $7.9B | $7.7B | $8.7B | $9.4B |
| Total liabilities | $4.6B | $4.4B | $4.0B | $5.2B | $5.7B | $6.2B | $7.2B | $6.9B | $7.9B | $8.7B |
| Shareholders' equity | $299M | $324M | $407M | $484M | $581M | $652M | $694M | $807M | $790M | $690M |
| Net debt | -$999M | -$909M | -$554M | -$944M | -$346M | -$602M | -$888M | -$1.0B | -$570M | -$113M |
Cash flow
Fiscal years, from Bancorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$162M | -$28M | -$174M | $67M | $121M | $84M | $120M | $187M | $210M | $265M |
| Capital spending | $8M | $515,000 | $2M | $2M | $4M | $2M | $5M | $13M | $5M | $7M |
| Free cash flow | -$170M | -$29M | -$176M | $65M | $117M | $82M | $114M | $174M | $205M | $258M |
| Stock-based compensation | $3M | $3M | $3M | $6M | $6M | $9M | $8M | $11M | $15M | $20M |
| Share buybacks (net) | — | — | — | — | — | -$40M | -$60M | -$100M | -$252M | -$378M |
| Free cash flow margin | -128.3% | -14.4% | -64.2% | 691.9% | 1646.9% | 1094.1% | 132.9% | 175.5% | 175.5% | 182.7% |
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Open TBBK in InvestinglyQuestions
What was Bancorp's revenue in 2025?
$141M in fiscal 2025, from its 10-K filing.
How much free cash flow does Bancorp generate?
$258M in fiscal 2025 (operating cash flow minus capital spending).
From Bancorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.