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Bankwell Financial Group cash flow, quarter by quarter

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

Free cash flow$12.2M in Q3 2026 · $36.8M over twelve months

Operating cash flow$13.0M
Capital spending−$724K
Free cash flow+$12.2M
Cash / net income1.0×

Analysis

In Q3 2026, Bankwell Financial Group generated $13.0M of operating cash flow and spent $724K on capital projects, leaving free cash flow of $12.2M. That is $2.3M more than in Q3 2025 ($9.9M).

Over the twelve months to Sep 30, 2026, operating cash flow was $38.5M; the largest uses were other investing ($330M), dividends ($6.3M), capital spending ($1.6M); besides operations, cash came from other financing ($260M); the cash balance fell by $39.8M.

Operating cash flow was $13.0M against net income of $12.7M — 1.0× profit, roughly in line with earnings. The largest differences: prepaid and other assets −$1.3M, depreciation & amortization +$1.1M, stock-based pay +$912K.

Free cash flow

Bankwell Financial Group: free cash flow by quarterBankwell Financial Group: free cash flow by quarter$14.3MQ4 2024$3.8MQ1 2025$6.1MQ2 2025$9.9MQ3 2025$7.3MQ4 2025$7.3MQ1 2026$10.0MQ2 2026$12.2MQ3 2026
Operating cash flow less capital spending.
Bankwell Financial Group: operating cash flow against capital spendingBankwell Financial Group: operating cash flow against capital spendingOperating cash flowCapital spending$14.3M$46KQ4 2024$3.9M$97KQ1 2025$6.5M$378KQ2 2025$10.3M$404KQ3 2025$7.5M$265KQ4 2025$7.7M$470KQ1 2026$10.2M$191KQ2 2026$13.0M$724KQ3 2026
Latest (Q3 2026): Operating cash flow $13.0M, Capital spending $724K.

Capital allocation, year by year

Bankwell Financial Group: where the cash came from (up) and went (down), by fiscal yearBankwell Financial Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $34.6MFY2021: Shares issued $53KFY2021: Asset sales $4.3MFY2021: Buybacks −$5.1MFY2021: Dividends −$5.0M$38.9MFY2021FY2022: Operating cash flow $82.7MFY2022: Shares issued $48KFY2022: Capital spending −$5.0MFY2022: Buybacks −$5.5MFY2022: Dividends −$6.2M$82.7MFY2022FY2023: Operating cash flow $31.9MFY2023: Shares issued $155KFY2023: Capital spending −$2.0MFY2023: Dividends −$6.2M$32.1MFY2023FY2024: Operating cash flow $29.9MFY2024: Capital spending −$613KFY2024: Buybacks −$2.1MFY2024: Dividends −$6.3M$29.9MFY2024FY2025: Operating cash flow $28.3MFY2025: Capital spending −$1.1MFY2025: Buybacks −$1.3MFY2025: Dividends −$6.3M$28.3MFY2025
Over these 5 years operating cash flow totalled $207M; the largest uses were dividends ($30.0M) and buybacks ($14.1M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$456M
Debtnone
Net cash$456M

Bankwell Financial Group funds itself: free cash flow was $36.8M over the last twelve months, with $456M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Bankwell Financial Group: sources (+) and uses (−) of cash, Q3 2026Bankwell Financial Group: sources (+) and uses (−) of cash, Q3 2026Other financing$62.2MCash drawn (+) / kept (−)−$52.2MOther investing−$20.7MOperating cash flow$13.0MDividends−$1.6MCapital spending−$724K
Bankwell Financial Group: sources (+) and uses (−) of cash, TTM to Q3 2026Bankwell Financial Group: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$330MOther financing$260MCash drawn (+) / kept (−)$39.8MOperating cash flow$38.5MDividends−$6.3MCapital spending−$1.6MBuybacks−$150K

From profit to cash

Bankwell Financial Group: net income to operating cash flow, Q3 2026Bankwell Financial Group: net income to operating cash flow, Q3 2026Net income$12.7MDepreciation & amortization$1.1MStock-based pay$912KDeferred taxes−$669KPrepaid and other assets−$1.3MOperating cash flow$13.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsCash drawn (+) / kept (−)Free cash flow
Q3 2026$13.0M−$724K—−$1.6M−$52.2M$12.2M
Q2 2026$10.2M−$191K—−$1.6M$14.5M$10.0M
Q1 2026$7.7M−$470K−$150K−$1.6M$7.0M$7.3M
Q4 2025$7.5M−$265K—−$1.6M$70.4M$7.3M
Q3 2025$10.3M−$404K—−$1.6M$27.1M$9.9M
Q2 2025$6.5M−$378K−$422K−$1.6M−$17.5M$6.1M
Q1 2025$3.9M−$97K−$912K−$1.6M$2.6M$3.8M
Q4 2024$14.3M−$46K—−$1.6M−$16.2M$14.3M

Bankwell Financial Group: income statement and cash flow

Bankwell Financial Group, Q3 2026: revenue $35.3M (+24% year over year), operating margin 47.5%. The chart follows the revenue to costs, profit and cash.

Bankwell Financial Group: 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.