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Bridgewater Bancshares cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$45.5M in Q3 2026 · $73.5M over twelve months

Operating cash flow$46.0M
Capital spending−$431K
Free cash flow+$45.5M
Cash / net income3.1×

Analysis

In Q3 2026, Bridgewater Bancshares generated $46.0M of operating cash flow and spent $431K on capital projects, leaving free cash flow of $45.5M. That is $37.0M more than in Q3 2025 ($8.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $78.9M; the largest uses were other investing ($111M), capital spending ($5.4M), taxes on employees’ shares ($800K); besides operations, cash came from other financing ($167M), shares issued ($3.0M); the cash balance rose by $131M.

Operating cash flow was $46.0M against net income of $15.0M — 3.1× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$1.4M, deferred taxes −$1.2M, depreciation & amortization +$631K.

Free cash flow

Bridgewater Bancshares: free cash flow by quarterBridgewater Bancshares: free cash flow by quarter$31.2MQ4 2024$6.6MQ1 2025$2.4MQ2 2025$8.5MQ3 2025$4.4MQ4 2025$14.2MQ1 2026$9.3MQ2 2026$45.5MQ3 2026
Operating cash flow less capital spending.
Bridgewater Bancshares: operating cash flow against capital spendingBridgewater Bancshares: operating cash flow against capital spendingOperating cash flowCapital spending$34.6M$3.4MQ4 2024$7.1M$536KQ1 2025$3.6M$1.2MQ2 2025$10.1M$1.6MQ3 2025$7.0M$2.5MQ4 2025$16.0M$1.8MQ1 2026$10.0M$638KQ2 2026$46.0M$431KQ3 2026
Latest (Q3 2026): Operating cash flow $46.0M, Capital spending $431K.

Capital allocation, year by year

Bridgewater Bancshares: where the cash came from (up) and went (down), by fiscal yearBridgewater Bancshares: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $54.2MFY2021: Net borrowing −$11.0MFY2021: Shares issued $67.2MFY2021: Capital spending −$777KFY2021: Buybacks −$2.3M$121MFY2021FY2022: Operating cash flow $85.0MFY2022: Shares issued $577KFY2022: Capital spending −$1.6MFY2022: Buybacks −$10.8M$85.6MFY2022FY2023: Operating cash flow $30.0MFY2023: Shares issued $963KFY2023: Capital spending −$3.0MFY2023: Buybacks −$4.5M$31.0MFY2023FY2024: Operating cash flow $46.4MFY2024: Shares issued $763KFY2024: Capital spending −$4.1MFY2024: Acquisitions $17.3MFY2024: Buybacks −$5.2M$64.4MFY2024FY2025: Operating cash flow $27.8MFY2025: Net borrowing −$13.8MFY2025: Shares issued $1.9MFY2025: Capital spending −$5.8MFY2025: Buybacks −$2.2M$29.8MFY2025
Over these 5 years operating cash flow totalled $243M; the largest uses were buybacks ($25.0M) and net borrowing ($24.8M). Cash-flow statements as filed.

Where the cash came from and went

Bridgewater Bancshares: sources (+) and uses (−) of cash, Q3 2026Bridgewater Bancshares: sources (+) and uses (−) of cash, Q3 2026Other financing$195MOther investing−$149MCash drawn (+) / kept (−)−$92.8MOperating cash flow$46.0MShares issued$1.1MCapital spending−$431K
Bridgewater Bancshares: sources (+) and uses (−) of cash, TTM to Q3 2026Bridgewater Bancshares: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$167MCash drawn (+) / kept (−)−$131MOther investing−$111MOperating cash flow$78.9MCapital spending−$5.4MShares issued$3.0MTaxes on employees’ shares−$800KBuybacks−$700K

From profit to cash

Bridgewater Bancshares: net income to operating cash flow, Q3 2026Bridgewater Bancshares: net income to operating cash flow, Q3 2026Net income$15.0MDepreciation & amortization$631KStock-based pay$1.4MDeferred taxes−$1.2MOperating cash flow$46.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$46.0M−$431K—$1.1M−$92.8M$45.5M
Q2 2026$10.0M−$638K—$849K$52.3M$9.3M
Q1 2026$16.0M−$1.8M—$325K−$98.6M$14.2M
Q4 2025$7.0M−$2.5M—$692K$8.3M$4.4M
Q3 2025$10.1M−$1.6M—$882K$85.7M$8.5M
Q2 2025$3.6M−$1.2M−$1.6M$188K−$51.3M$2.4M
Q1 2025$7.1M−$536K−$621K$177K$63.6M$6.6M
Q4 2024$34.6M−$3.4M−$17K$176K−$37.9M$31.2M

Bridgewater Bancshares: income statement and cash flow

Bridgewater Bancshares, Q3 2026: revenue $43.2M (+20% year over year), operating margin 44.3%. The chart follows the revenue to costs, profit and cash.

Bridgewater Bancshares: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.