Bankwell Financial Group (BWFG) Cash Flow: Operating & Free Cash Flow

Bankwell Financial Group (BWFG) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Bankwell Financial Group generated $28.27M of operating cash flow and spent $1.14M on capital expenditures. That left free cash flow of $27.13M, down 7.5% from $29.32M a year earlier, or 13.1% of revenue. It returned $7.60M to shareholders through $6.27M in dividends and $1.33M in share buybacks.

Bankwell Financial Group Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Bankwell Financial Group, Inc. (BWFG) - 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
Operating Activities
Net Income	35.20	9.77	36.66	37.43	26.59	5.90	18.22	17.43	13.83
Depreciation & Amortization	4.08	3.78	3.62	3.37	3.58	3.28	3.38	1.73	1.51
Deferred Income Tax	-1.41	-0.47	-0.19	-1.96	1.70	-3.52	0.28	1.28	3.91
Stock Based Compensation	2.34	3.00	3.07	2.36	1.83	1.77	1.02	1.29	0.92
Change in Working Capital	-6.63	-7.29	-9.23	37.68	3.78	-17.72	-13.63	-3.22	0.62
Change in Accounts Receivable	-2.14	0.33	-1.79	-5.56	-0.93	-0.62	0.42	-0.47	-0.95
Change in Other Working Capital	-1.28	-1.11	-7.43	-0.90	4.71	-17.10	-14.04	-2.76	1.57
Other Operating Activities	-1.28	-1.11	-2.02	-0.90	-2.92	8.77	-2.63	1.46	-0.21
Net Cash from Operating Activities	28.27	29.94	31.93	82.67	34.56	-1.51	6.63	19.98	20.57
Investing Activities
Capital Expenditures	-1.14	-0.61	-2.05	-4.96	4.26	3.34	-0.65	-3.35	-1.87
Purchases of Investments	-86.43	-31.19	-9.95	-37.23	-33.59	-20.67	-12.31	-26.38	-75.31
Sales/Maturities of Investments	43.10	15.08	5.09	12.67	30.38	16.96	31.46	21.99	65.82
Other Investing Activities	-120.71	-17.24	-41.39	-781.64	-271.07	-21.57	0.18	-66.87	-183.10
Net Cash from Investing Activities	-165.19	-33.96	-48.30	-811.16	-270.03	-21.94	18.69	-74.61	-194.46
Financing Activities
Debt Repayment	-170.00	0.00	0.00	74.35	-116.08	25.00	-10.00	-39.00	39.00
Common Stock Repurchased	-1.33	-2.14	0.00	-5.54	-5.08	-1.04	-0.99	0.00	0.00
Dividends Paid	-6.27	-6.28	-6.24	-6.19	-5.03	-4.39	-4.08	-3.76	-2.15
Other Financing Activities	41.91	50.81	-63.91	676.87	296.74	335.43	-10.31	104.78	111.42
Net Cash from Financing Activities	54.31	42.39	-70.15	739.49	170.55	355.00	-25.38	62.02	148.27
Summary
Net Change in Cash	-82.60	38.37	-86.52	11.00	-64.92	331.55	-0.06	7.38	-25.62
Cash at Beginning of Period	307.52	269.16	355.68	344.68	409.60	78.05	78.11	70.73	96.36
Cash at End of Period	224.92	307.52	269.16	355.68	344.68	409.60	78.05	78.11	70.73
Free Cash Flow	27.13	29.32	29.88	77.71	38.82	1.83	5.99	16.63	18.70
Supplemental Disclosures
Interest Paid	-	108.71	86.04	17.79	14.01	-	-	-	-
Income Taxes Paid	-	5.38	12.10	11.52	5.09	-	-	-	-

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

Frequently Asked Questions About Bankwell Financial Group Cash Flow

What is Bankwell Financial Group's free cash flow?

Bankwell Financial Group generated free cash flow of $27.13M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $28.27M minus $1.14M of capital expenditures. That was down 7.5% from $29.32M a year earlier. Free cash flow equaled 13.1% of revenue.

How much does Bankwell Financial Group spend on capital expenditures?

Bankwell Financial Group spent $1.14M on capital expenditures in fiscal 2025, compared with $613.00K a year earlier. That equals 4.0% of operating cash flow.

Does Bankwell Financial Group pay dividends or buy back shares?

Yes. In fiscal 2025 Bankwell Financial Group returned $6.27M in dividends and $1.33M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition