Bridgewater Bancshares (BWB) Financial Statements & Analysis

Bridgewater Bancshares (BWB) Income Statement

Bridgewater Bancshares reported revenue of $141.98M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 31.8% from $107.74M a year earlier. Net income was $46.09M, up 40.4% year over year, a net margin of 32.5%. Gross margin was 96.9% and operating margin 43.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $24.09M, down 66.8% from the same quarter a year earlier.

Bridgewater Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Bridgewater Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	141.98	107.74	109.77	135.34	134.19	120.67	107.60	87.77	68.88
Cost of Revenue	154.01	147.23	117.01	41.70	24.52	39.61	32.35	24.06	16.35
Gross Profit	137.62	104.22	109.94	127.64	109.67	81.05	75.26	63.71	52.53
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	52.28	44.01	41.36	40.34	33.68	27.14	25.96	22.28	14.05
Operating Expenses	76.14	61.48	57.42	55.93	48.09	45.39	36.93	31.56	25.50
Operating Income	61.48	42.74	52.52	71.71	61.57	35.67	38.33	32.14	27.04
Other Income/Expense
Interest Income	281.85	245.90	222.36	163.70	128.88	114.83	103.78	85.23	66.35
Interest Expense	149.41	143.71	117.18	34.00	19.37	26.86	29.65	20.49	12.17
Other Income/Expense	-1.45	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	60.03	42.74	52.52	71.71	61.57	35.67	38.33	32.14	27.04
Income Tax Expense	13.94	9.91	12.56	18.32	15.89	8.47	6.92	5.22	10.15
Net Income	46.09	32.83	39.96	53.39	45.69	27.19	31.40	26.92	16.89
Net Income - Continuous Operations	46.09	32.83	39.96	53.39	45.69	27.19	31.40	26.92	16.89
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	64.70	3.01	55.67	74.96	64.13	37.06	39.53	33.10	27.92
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.92	0.08	0.10	0.19	2.56	1.40	1.20	0.95	0.89
Earnings Per Share
Basic EPS	2.00	1.00	1.00	2.00	2.00	1.00	1.00	1.00	1.00
Diluted EPS	1.00	1.00	1.00	2.00	2.00	1.00	1.00	1.00	1.00
Basic Shares Outstanding	27.47	27.40	27.83	27.76	28.03	28.58	29.36	29.00	29.05
Diluted Shares Outstanding	28.21	27.93	28.27	28.67	28.97	29.17	30.00	29.44	29.05

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Bridgewater Bancshares Financial Statements

What was Bridgewater Bancshares's revenue in fiscal 2025?

Bridgewater Bancshares reported revenue of $141.98M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 31.8% from $107.74M a year earlier.

Is Bridgewater Bancshares profitable?

Yes. Bridgewater Bancshares earned net income of $46.09M in fiscal 2025, a net margin of 32.5%. In fiscal 2024 it earned $32.83M.

What is Bridgewater Bancshares's operating margin?

Bridgewater Bancshares's operating income was $61.48M on revenue of $141.98M in fiscal 2025, an operating margin of 43.3%, compared with 39.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition