NASDAQ · BWBFinancialsBanking & Credit

Bridgewater Bancshares financials

$20.25−1.84%
Close Sep 29, 2026 · split-adjusted

Revenue

Net income

Income statement & cash flow

Fiscal yearFY25
Dec 31
FY24
Dec 31
FY23
Dec 31
FY22
Dec 31
FY21
Dec 31
FY20
Dec 31
FY19
Dec 31
FY18
Dec 31
Revenue$292.8M$253.3M$228.8M$170.0M$134.2M$120.7M$107.5M$88.0M
Gross profit$143.4M$109.6M$111.7M$136.0M$114.8M$93.8M$77.9M$67.5M
Gross margin49.0%43.3%48.8%80.0%85.6%77.7%72.4%76.7%
Operating income$60.0M$42.7M$52.5M$71.7M$61.6M$35.7M$38.3M$32.1M
Net income$42.0M$28.8M$35.9M$49.3M$44.5M$27.2M$31.4M$26.9M
Net margin14.4%11.4%15.7%29.0%33.2%22.5%29.2%30.6%
Diluted EPS$1.49$1.03$1.27$1.72$1.54$0.93$1.05$0.91
EBITDA$60.0M$42.7M$52.5M$71.7M$61.6M$35.7M$38.3M$32.1M
Operating cash flow$27.8M$46.4M$30.0M$85.0M$54.2M$23.0M$39.5M$29.4M
Free cash flow$22.0M$42.3M$27.0M$83.4M$53.5M-$1.7M$24.0M$25.7M
Diluted shares28.2M27.9M28.3M28.7M29.0M29.2M30.0M29.4M

Balance sheet

Period endDec 31Dec 31Dec 31Dec 31Dec 31Dec 31
Cash & equivalents$123.5M$229.8M$128.6M$87.0M$143.5M$160.7M
Short-term investments$797.6M$791.9M$621.2M$4.08B$446.5M$398.5M
Total debt$508.2M$452.9M$412.5M$189.7M$134.7M$142.2M
Total assets$5.41B$5.07B$4.61B$4.35B$3.48B$2.93B
Total liabilities$4.89B$4.61B$4.19B$3.95B$3.10B$2.66B
Shareholders' equity$517.1M$457.9M$425.5M$394.1M$379.3M$265.4M

From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology