Primis Financial (FRST) Financial Statements & Analysis

Primis Financial (FRST) Income Statement

Primis Financial reported revenue of $140.86M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 4.4% from $147.36M a year earlier. Net income was $61.44M, a net margin of 43.6%. Gross margin was 150.0% and operating margin 51.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $50.34M, up 40.8% from the same quarter a year earlier.

Primis Financial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Primis Financial Corp. 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	140.86	147.36	110.95	108.10	123.71	131.40	130.38	127.39	88.59
Cost of Revenue	101.30	157.37	126.45	32.86	13.24	45.59	35.74	29.43	23.52
Gross Profit	211.30	96.74	111.42	108.78	110.47	85.81	94.65	97.96	65.07
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	84.95	71.07	30.13	26.16	39.27	38.45	30.26	31.63	22.85
Operating Expenses	138.74	125.64	122.60	91.45	70.90	67.09	56.59	54.65	49.49
Operating Income	72.55	-28.90	-11.18	17.33	39.57	18.72	38.05	43.31	15.57
Other Income/Expense
Interest Income	200.44	210.97	192.62	123.29	113.14	117.69	120.52	118.91	83.57
Interest Expense	89.01	106.75	93.91	21.59	19.04	26.14	36.92	27.84	15.65
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	72.55	-28.90	-11.18	17.33	39.57	18.72	38.05	43.31	15.57
Income Tax Expense	14.71	-4.24	-1.07	3.19	8.68	4.14	5.89	9.61	13.15
Net Income	61.44	-16.21	-10.11	14.15	31.11	22.98	33.17	33.69	2.43
Net Income - Continuous Operations	57.84	-24.67	-10.11	14.15	31.11	22.98	33.17	33.69	2.43
Net Income - Discontinued Operations	-	-	-	-	0.23	-	-	-	-
EBITDA	9.36	8.93	9.09	7.43	47.61	26.91	46.23	50.71	20.20
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.60	1.27	1.27	1.33	8.04	8.19	8.18	7.40	4.63
Earnings Per Share
Basic EPS	2.00	-	-	1.00	1.00	1.00	1.00	1.00	-
Diluted EPS	2.00	-	-	1.00	1.00	1.00	1.00	1.00	-
Basic Shares Outstanding	24.67	24.69	24.64	24.56	24.44	24.24	24.05	24.01	18.39
Diluted Shares Outstanding	24.68	24.69	24.64	24.67	24.60	24.36	24.33	24.27	18.69

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

Frequently Asked Questions About Primis Financial Financial Statements

What was Primis Financial's revenue in fiscal 2025?

Primis Financial reported revenue of $140.86M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 4.4% from $147.36M a year earlier.

Is Primis Financial profitable?

Yes. Primis Financial earned net income of $61.44M in fiscal 2025, a net margin of 43.6%. In fiscal 2024 it lost $16.20M.

What is Primis Financial's operating margin?

Primis Financial's operating income was $72.55M on revenue of $140.86M in fiscal 2025, an operating margin of 51.5%, compared with -19.6% 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