Bankwell Financial Group Inc
NASDAQ: BWFG · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
Bankwell Financial Group Inc (BWFG) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $5.98M | $512000.00 | 100.00% | 66.27% | 8.56% |
| 2007 | $10.74M | $684000.00 | — | 10.32% | 6.37% |
| 2008 | $12.95M | $-443000.00 | — | -3.41% | -3.42% |
| 2009 | $14.85M | $-830000.00 | — | -7.42% | -5.59% |
| 2010 | $18.29M | $507000.00 | — | 3.94% | 2.77% |
| 2011 | $21.72M | $2.20M | 81.96% | 14.74% | 10.15% |
| 2012 | $24.74M | $1.21M | 79.74% | 7.56% | 4.91% |
| 2013 | $31.48M | $5.16M | 89.36% | 23.33% | 16.39% |
| 2014 | $38.63M | $4.57M | 84.26% | 17.44% | 11.83% |
| 2015 | $54.24M | $9.03M | 79.36% | 25.57% | 16.65% |
| 2016 | $63.67M | $12.35M | 75.16% | 28.76% | 19.40% |
| 2017 | $75.83M | $13.83M | 76.03% | 33.14% | 18.24% |
| 2018 | $83.96M | $17.43M | 67.63% | 25.19% | 20.76% |
| 2019 | $88.19M | $18.22M | 66.41% | 26.01% | 20.65% |
| 2020 | $80.37M | $5.90M | 62.35% | 9.08% | 7.35% |
| 2021 | $87.03M | $26.59M | 84.57% | 38.91% | 30.55% |
| 2022 | $120.98M | $37.43M | 76.33% | 39.66% | 30.94% |
| 2023 | $193.30M | $36.66M | 50.93% | 24.85% | 18.97% |
| 2024 | $195.71M | $9.77M | 32.90% | 6.81% | 4.99% |
| 2025 | $207.72M | $35.20M | 51.65% | 23.35% | 16.95% |
Frequently asked questions
What is Bankwell Financial Group Inc's revenue?
Bankwell Financial Group Inc's trailing twelve-month revenue is $115.43M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is BWFG?
In its most recent fiscal year, BWFG ran a gross margin of 51.65%, an operating margin of 23.35%, and a net margin of 16.95%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does BWFG generate?
BWFG produced $27.13M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is BWFG's balance sheet healthy?
BWFG holds $224.92M in cash and equivalents against $179.70M in long-term debt, on $301.49M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.