Filing Flows › Bankwell Financial Group (BWFG) › Q4 2025
Bankwell Financial Group (BWFG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Bankwell Financial Group (BWFG) reported revenue of $30.3M for the fourth quarter 2025 (Q4 2025), +43% from a year earlier and +6% from the quarter before. Operating margin was 46.9%, net earnings $9.1M (30.2% of revenue).
Bankwell Financial Group, Q4 2025: revenue $30.3M (+43% year over year), operating margin 46.9%, net earnings $9.1M, operating cash flow $7.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.3M | +6% | +43% |
| Operating profit | $14.2M | +6% | +251% |
| Net earnings | $9.1M | -9% | +209% |
| Operating cash flow | $7.5M | -27% | -47% |
| Free cash flow | $7.3M | -27% | -49% |
What changed
Revenue was $30.3M in Q4 2025, up 43% year over year and up 6% from the previous quarter.
Operating profit was $14.2M, a 46.9% margin (up 27.8 points year over year). Of the extra revenue versus a year earlier, 111% reached operating profit, above the 19% margin then. Total costs fell 6% while revenue rose 43%. The fastest-growing cost line was Noninterest expense (+22%). Net earnings were $9.1M, up 209% year over year. The effective tax rate was 35.8%.
Operating cash flow was $7.5M (down 47% year over year), 83% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $763K of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $265K left free cash flow of $7.3M.
Questions
What was Bankwell Financial Group's revenue in the fourth quarter 2025?
Bankwell Financial Group (BWFG) reported revenue of $30.3M for the fourth quarter 2025 (Q4 2025), +43% from a year earlier and +6% from the quarter before.
Was Bankwell Financial Group profitable in the fourth quarter 2025?
Operating profit was $14.2M (46.9% of revenue) and net earnings $9.1M.