Filing Flows › First Western Financial (MYFW) › Q1 2026
First Western Financial (MYFW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
First Western Financial (MYFW) reported revenue of $28.3M for the first quarter 2026 (Q1 2026), +14% from a year earlier and +10% from the quarter before. Operating margin was 28.7%, net earnings $6.2M (22.0% of revenue).
First Western Financial, Q1 2026: revenue $28.3M (+14% year over year), operating margin 28.7%, net earnings $6.2M, operating cash flow $15.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.3M | +10% | +14% |
| Operating profit | $8.1M | +83% | +51% |
| Net earnings | $6.2M | +87% | +48% |
| Operating cash flow | $15.3M | — | +90% |
| Free cash flow | $14.6M | — | +110% |
What changed
Revenue was $28.3M in Q1 2026, up 14% year over year and up 10% from the previous quarter.
Operating profit was $8.1M, a 28.7% margin (up 7.0 points year over year). Of the extra revenue versus Q1 2025, 77% reached operating profit, above the 22% margin then. Total costs grew 4% against revenue growth of 14%. Net earnings were $6.2M, up 48% year over year. The effective tax rate was 23.4%.
Operating cash flow was $15.3M (up 90% year over year), 246% of net earnings. Non-cash charges added back $640K of depreciation and amortization and $798K of share-based compensation. Working capital and other items added $7.6M. Capital expenditures of $619K left free cash flow of $14.6M.
Questions
What was First Western Financial's revenue in the first quarter 2026?
First Western Financial (MYFW) reported revenue of $28.3M for the first quarter 2026 (Q1 2026), +14% from a year earlier and +10% from the quarter before.
Was First Western Financial profitable in the first quarter 2026?
Operating profit was $8.1M (28.7% of revenue) and net earnings $6.2M.