Filing Flows › Broadway Financial (BYFC) › Q4 2024
Broadway Financial (BYFC) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Broadway Financial (BYFC) reported revenue of $8.6M for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and -2% from the quarter before. Operating margin was 21.7%, net earnings $1.3M (15.3% of revenue).
Broadway Financial, Q4 2024: revenue $8.6M (-26% year over year), operating margin 21.7%, net earnings $1.3M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6M | -2% | -26% |
| Operating profit | $1.9M | +149% | -51% |
| Net earnings | $1.3M | +154% | -50% |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $8.6M in Q4 2024, down 26% year over year and down 2% from the previous quarter.
Operating profit was $1.9M, a 21.7% margin (down 10.9 points year over year). Total costs fell 15% while revenue fell 26%. Net earnings were $1.3M, down 50% year over year. The effective tax rate was 28.2%.
Operating cash flow was −$2.8M. Non-cash charges added back $258K of depreciation and amortization. Working capital and other items used $4.4M. Capital expenditures of $9K exceeded it, leaving free cash flow of −$2.9M.
Questions
What was Broadway Financial's revenue in the fourth quarter 2024?
Broadway Financial (BYFC) reported revenue of $8.6M for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and -2% from the quarter before.
Was Broadway Financial profitable in the fourth quarter 2024?
Operating profit was $1.9M (21.7% of revenue) and net earnings $1.3M.
Source: Broadway Financial 10-K on SEC EDGAR.