First Western Financial (MYFW) Financial Statements & Analysis

First Western Financial (MYFW) Income Statement

First Western Financial reported revenue of $96.91M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 45.5% from $177.77M a year earlier. Net income was $13.19M, up 55.6% year over year, a net margin of 13.6%. Gross margin was 100.9% and operating margin 18.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $28.62M, up 18.3% from the same quarter a year earlier.

First Western Financial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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First Western Financial, 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	96.91	177.77	165.38	107.98	101.04	103.06	76.90	65.25	60.41
Cost of Revenue	88.53	90.26	84.81	20.95	6.65	11.91	13.65	8.35	6.55
Gross Profit	97.83	87.51	80.57	106.56	94.39	91.15	63.25	56.90	53.86
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	26.18	49.15	49.43	26.05	44.13	37.78	37.86	35.17	34.23
Operating Expenses	79.79	75.93	73.51	77.73	67.11	58.08	53.06	49.48	48.85
Operating Income	17.99	11.58	7.06	28.83	27.28	33.06	10.19	7.42	5.01
Other Income/Expense
Interest Income	159.21	152.19	144.94	100.82	61.93	53.33	45.05	38.80	33.34
Interest Expense	84.42	88.33	74.45	17.27	5.42	7.23	12.99	8.17	5.76
Other Income/Expense	-0.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	17.07	11.58	7.06	28.83	27.28	33.06	10.19	7.42	5.01
Income Tax Expense	3.89	3.11	1.84	7.13	6.67	8.53	2.18	1.78	2.98
Net Income	13.19	8.47	5.23	21.70	20.61	24.53	8.01	5.65	2.02
Net Income - Continuous Operations	13.19	8.47	5.23	21.70	20.61	24.53	8.01	5.65	2.02
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	2.64	14.14	9.44	2.01	28.54	34.18	11.86	9.64	7.45
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.21	2.57	2.38	0.31	1.26	1.11	1.67	2.22	2.45
Earnings Per Share
Basic EPS	1.00	1.00	1.00	2.00	3.00	3.00	1.00	1.00	-
Diluted EPS	1.00	1.00	1.00	3.00	3.00	3.00	1.00	1.00	-
Basic Shares Outstanding	9.71	9.65	9.54	9.46	7.98	7.90	7.89	6.71	7.54
Diluted Shares Outstanding	9.83	9.77	9.73	9.71	8.24	7.96	7.91	6.75	7.54

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

Frequently Asked Questions About First Western Financial Financial Statements

What was First Western Financial's revenue in fiscal 2025?

First Western Financial reported revenue of $96.91M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 45.5% from $177.77M a year earlier.

Is First Western Financial profitable?

Yes. First Western Financial earned net income of $13.19M in fiscal 2025, a net margin of 13.6%. In fiscal 2024 it earned $8.47M.

What is First Western Financial's operating margin?

First Western Financial's operating income was $17.99M on revenue of $96.91M in fiscal 2025, an operating margin of 18.6%, compared with 6.5% 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