Filing Flows › Bankwell Financial Group (BWFG) › Q3 2025
Bankwell Financial Group (BWFG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Bankwell Financial Group (BWFG) reported revenue of $28.5M for the third quarter 2025 (Q3 2025), +30% from a year earlier and +10% from the quarter before. Operating margin was 47.3%, net earnings $10.1M (35.4% of revenue).
Bankwell Financial Group, Q3 2025: revenue $28.5M (+30% year over year), operating margin 47.3%, net earnings $10.1M, operating cash flow $10.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.5M | +10% | +30% |
| Operating profit | $13.5M | +14% | +397% |
| Net earnings | $10.1M | +11% | +423% |
| Operating cash flow | $10.3M | +60% | — |
| Free cash flow | $9.9M | +63% | — |
What changed
Revenue was $28.5M in Q3 2025, up 30% year over year and up 10% from the previous quarter.
Operating profit was $13.5M, a 47.3% margin (up 34.9 points year over year). Of the extra revenue versus a year earlier, 163% reached operating profit, above the 12% margin then. Total costs fell 22% while revenue rose 30%. The fastest-growing cost line was Noninterest expense (+14%). Net earnings were $10.1M, up 423% year over year. The effective tax rate was 25.2%.
Operating cash flow was $10.3M, 103% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $657K of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $404K left free cash flow of $9.9M.
Questions
What was Bankwell Financial Group's revenue in the third quarter 2025?
Bankwell Financial Group (BWFG) reported revenue of $28.5M for the third quarter 2025 (Q3 2025), +30% from a year earlier and +10% from the quarter before.
Was Bankwell Financial Group profitable in the third quarter 2025?
Operating profit was $13.5M (47.3% of revenue) and net earnings $10.1M.