What is Finwise Bancorp's earnings per share (EPS)?

Finwise Bancorp (FINW) reported diluted earnings per share of $1.13 for fiscal year 2025. This represents a 21.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Finwise Bancorp Financials

FINW

Source SEC Filings (10-K/10-Q) Updated Mar 20, 2026 Currency USD FYE March

This page shows Finwise Bancorp (FINW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 31/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Finwise Bancorp's revenue surged 24.4% year-over-year to $92.5M, reflecting rapid business expansion. This strong growth earns a score of 74/100.

Leverage

Finwise Bancorp has elevated debt relative to equity (D/E of 4.06), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 19/100, reflecting increased financial risk.

Cash Flow

While Finwise Bancorp generated -$28.4M in operating cash flow, capex of $219K consumed most of it, leaving -$28.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Finwise Bancorp's ROE of 8.3% shows moderate profitability relative to equity, earning a score of 30/100. This is up from 7.3% the prior year.

Piotroski F-Score Weak

1/9

Finwise Bancorp passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

-1.77x

For every $1 of reported earnings, Finwise Bancorp generates $-1.77 in operating cash flow (-$28.4M OCF vs $16.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$92.5M

YoY+24.4%

Finwise Bancorp generated $92.5M in revenue in fiscal year 2025. This represents an increase of 24.4% from the prior year.

EBITDA

N/A

Net Income

$16.1M

YoY+26.3%

Finwise Bancorp reported $16.1M in net income in fiscal year 2025. This represents an increase of 26.3% from the prior year.

EPS (Diluted)

$1.13

YoY+21.5%

Finwise Bancorp earned $1.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 21.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$28.6M

YoY-44.0%

Finwise Bancorp generated -$28.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 44.0% from the prior year.

Cash & Debt

$163.4M

YoY+49.7%

Finwise Bancorp held $163.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

14M

YoY+3.5%

Finwise Bancorp had 14M shares outstanding in fiscal year 2025. This represents an increase of 3.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

17.4%

YoY+0.3pp

Finwise Bancorp's net profit margin was 17.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.3 percentage points from the prior year.

Return on Equity

8.3%

YoY+1.0pp

Finwise Bancorp's ROE was 8.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$461K

YoY+0.0%

Finwise Bancorp spent $461K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.0% from the prior year.

Capital Expenditures

$219K

YoY-95.5%

Finwise Bancorp invested $219K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 95.5% from the prior year.

FINW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$92.5M+24.4%	$74.4M+15.2%	$64.5M+23.3%	$52.3M+6.3%	$49.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$42.3M	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	$20.3M+31.4%	$15.4M+54.8%	$10.0M+595.6%	$1.4M+13.4%	$1.3M
Income Tax	$5.7M+33.5%	$4.2M-33.1%	$6.4M-41.8%	$10.9M+2.1%	$10.7M
Net Income	$16.1M+26.3%	$12.7M-27.0%	$17.5M-30.5%	$25.1M-20.5%	$31.6M
EPS (Diluted)	$1.13+21.5%	$0.93-30.1%	$1.33-28.9%	$1.87-42.8%	$3.27

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$24.0M+21.4%	$19.7M+6.5%	$18.5M-4.3%	$19.4M+2.3%	$18.9M+2.7%	$18.4M+4.4%	$17.6M-2.3%	$18.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$5.4M+6.9%	$5.0M+17.8%	$4.3M+11.0%	$3.8M-7.9%	$4.2M+9.3%	$3.8M+4.6%	$3.6M-1.2%	$3.7M
Income Tax	$1.5M+14.3%	$1.3M+6.7%	$1.2M+38.9%	$898K-22.4%	$1.2M+15.9%	$998K-16.4%	$1.2M-27.9%	$1.7M
Net Income	$4.9M+19.4%	$4.1M+28.5%	$3.2M+14.2%	$2.8M-19.1%	$3.5M+8.6%	$3.2M-4.1%	$3.3M-20.3%	$4.2M
EPS (Diluted)	$0.34+17.2%	$0.29+26.1%	$0.23	N/A	$0.25+4.2%	$0.24-4.0%	$0.25	N/A

FINW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$977.1M+31.0%	$746.0M+27.3%	$586.2M+46.3%	$400.8M+5.4%	$380.2M
Current Assets	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$163.4M+49.7%	$109.2M-6.7%	$117.0M+16.3%	$100.6M+17.3%	$85.8M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$783.9M+37.0%	$572.3M+32.7%	$431.2M+65.6%	$260.3M-1.7%	$264.8M
Current Liabilities	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$193.2M+11.2%	$173.7M+12.0%	$155.1M+10.4%	$140.5M+21.7%	$115.4M
Retained Earnings	$132.2M+13.4%	$116.6M+12.3%	$103.8M+21.0%	$85.8M+41.7%	$60.6M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$899.9M+6.8%	$842.5M+4.8%	$804.1M+7.8%	$746.0M+9.2%	$683.0M+10.6%	$617.8M+1.1%	$610.8M+4.2%	$586.2M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$105.6M+17.2%	$90.1M-25.1%	$120.3M+10.2%	$109.2M+27.3%	$85.8M-3.6%	$89.0M-23.1%	$115.8M-1.0%	$117.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$712.2M+7.8%	$660.5M+5.4%	$626.8M+9.5%	$572.3M+11.6%	$512.7M+13.4%	$452.0M+0.8%	$448.4M+4.0%	$431.2M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$187.8M+3.2%	$182.0M+2.6%	$177.4M+2.1%	$173.7M+2.0%	$170.4M+2.8%	$165.8M+2.0%	$162.5M+4.8%	$155.1M
Retained Earnings	$128.3M+3.6%	$123.8M+3.4%	$119.8M+2.7%	$116.6M+2.5%	$113.8M+3.1%	$110.3M+3.0%	$107.2M+3.2%	$103.8M

FINW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$28.4M-89.6%	-$15.0M-222.2%	$12.3M-79.9%	$61.2M+762.4%	-$9.2M
Capital Expenditures	$219K-95.5%	$4.9M-34.4%	$7.5M+3.4%	$7.2M+209.0%	$2.3M
Free Cash Flow	-$28.6M-44.0%	-$19.9M-513.7%	$4.8M-91.1%	$53.9M+566.4%	-$11.6M
Investing Cash Flow	-$126.9M+4.1%	-$132.4M+13.4%	-$152.9M-326.6%	-$35.8M-247.7%	$24.3M
Financing Cash Flow	$209.6M+50.2%	$139.6M-11.1%	$157.0M+1594.5%	-$10.5M-145.0%	$23.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$461K0.0%	$461K-90.3%	$4.7M+317.3%	$1.1M	$0

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$3.5M+118.8%	-$18.3M+15.1%	-$21.6M-3388.9%	$657K+106.7%	-$9.8M-29.4%	-$7.6M-531.8%	$1.8M-81.9%	$9.7M
Capital Expenditures	$21K+101.4%	-$1.4M-188.3%	$1.6M+2426.2%	$65K-98.2%	$3.6M+5489.1%	$64K-94.6%	$1.2M+5.3%	$1.1M
Free Cash Flow	$3.4M+117.3%	-$19.8M+14.9%	-$23.3M-4027.4%	$592K+104.4%	-$13.4M-75.1%	-$7.7M-1447.0%	$568K-93.4%	$8.6M
Investing Cash Flow	-$34.8M+15.1%	-$41.0M-45.9%	-$28.1M+16.1%	-$33.5M+36.6%	-$52.9M-120.5%	-$24.0M-8.9%	-$22.0M+41.4%	-$37.6M
Financing Cash Flow	$46.9M+60.7%	$29.2M-52.0%	$60.8M+8.1%	$56.3M-5.4%	$59.5M+1143.3%	$4.8M-74.9%	$19.1M+5.6%	$18.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0	$0	$0+100.0%	-$5K-101.7%	$286K+58.9%	$180K	$0

FINW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	17.4%+0.3pp	17.1%-9.9pp	27.1%-20.9pp	48.0%-16.1pp	64.1%
Return on Equity	8.3%+1.0pp	7.3%-3.9pp	11.3%-6.6pp	17.9%-9.5pp	27.4%
Return on Assets	1.7%-0.1pp	1.7%-1.3pp	3.0%-3.3pp	6.3%-2.0pp	8.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.06+0.8	3.29+0.5	2.78+0.9	1.85-0.4	2.29
FCF Margin	-31.0%-4.2pp	-26.8%-34.2pp	7.4%-95.6pp	103.1%+126.6pp	-23.5%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.4%-0.3pp	20.8%+3.6pp	17.2%+2.8pp	14.4%-3.8pp	18.3%+1.0pp	17.3%-1.5pp	18.8%-4.2pp	23.0%
Return on Equity	2.6%+0.3pp	2.3%+0.5pp	1.8%+0.2pp	1.6%-0.4pp	2.0%+0.1pp	1.9%-0.1pp	2.0%-0.6pp	2.7%
Return on Assets	0.5%+0.1pp	0.5%+0.1pp	0.4%+0.0pp	0.4%-0.1pp	0.5%0.0pp	0.5%-0.0pp	0.5%-0.2pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.79+0.2	3.63+0.1	3.53+0.2	3.29+0.3	3.01+0.3	2.73-0.0	2.76-0.0	2.78
FCF Margin	14.3%+114.6pp	-100.3%+25.2pp	-125.4%-128.5pp	3.1%+73.8pp	-70.8%-29.3pp	-41.5%-44.8pp	3.2%-44.4pp	47.6%

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Frequently Asked Questions

What is Finwise Bancorp's annual revenue?

Finwise Bancorp (FINW) reported $92.5M in total revenue for fiscal year 2025. This represents a 24.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Finwise Bancorp's revenue growing?

Finwise Bancorp (FINW) revenue grew by 24.4% year-over-year, from $74.4M to $92.5M in fiscal year 2025.

Is Finwise Bancorp profitable?

Yes, Finwise Bancorp (FINW) reported a net income of $16.1M in fiscal year 2025, with a net profit margin of 17.4%.

What is Finwise Bancorp's net profit margin?

Finwise Bancorp (FINW) had a net profit margin of 17.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Finwise Bancorp's return on equity (ROE)?

Finwise Bancorp (FINW) has a return on equity of 8.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Finwise Bancorp's free cash flow?

Finwise Bancorp (FINW) generated -$28.6M in free cash flow during fiscal year 2025. This represents a -44.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Finwise Bancorp's operating cash flow?

Finwise Bancorp (FINW) generated -$28.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Finwise Bancorp's total assets?

Finwise Bancorp (FINW) had $977.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Finwise Bancorp's capital expenditures?

Finwise Bancorp (FINW) invested $219K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Finwise Bancorp buy back shares?

Yes, Finwise Bancorp (FINW) spent $461K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Finwise Bancorp have outstanding?

Finwise Bancorp (FINW) had 14M shares outstanding as of fiscal year 2025.

What is Finwise Bancorp's debt-to-equity ratio?

Finwise Bancorp (FINW) had a debt-to-equity ratio of 4.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Finwise Bancorp's return on assets (ROA)?

Finwise Bancorp (FINW) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Finwise Bancorp's cash runway?

Based on fiscal year 2025 data, Finwise Bancorp (FINW) had $163.4M in cash against an annual operating cash burn of $28.4M. This gives an estimated cash runway of approximately 69 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Finwise Bancorp's Piotroski F-Score?

Finwise Bancorp (FINW) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Finwise Bancorp's earnings high quality?

Finwise Bancorp (FINW) has an earnings quality ratio of -1.77x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Finwise Bancorp?

Finwise Bancorp (FINW) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.