Patriot National Bancorp (PNBK) Financial Statements & Analysis

Patriot National Bancorp (PNBK) Income Statement

Patriot National Bancorp reported revenue of $58.16M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 263.9% from $15.98M a year earlier. Patriot National Bancorp posted a net loss of $12.71M, compared with a net loss of $39.88M a year earlier. Gross margin was 48.0% and operating margin -21.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $19.50M, up 214.3% from the same quarter a year earlier.

Patriot National Bancorp Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Patriot National Bancorp, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	58.16	15.98	64.70	47.38	30.18	39.71	23.96	45.97	41.91	34.23
Cost of Revenue	30.23	44.74	37.89	12.64	6.59	15.92	-	23.19	13.68	6.10
Gross Profit	27.92	15.82	26.82	34.75	30.05	23.79	-	22.78	28.23	28.13
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	23.00	9.56	18.14	16.01	8.88	15.06	-	15.66	13.40	12.61
Operating Expenses	40.57	31.91	32.45	26.99	25.04	27.94	-	26.50	24.14	21.11
Operating Income	-12.65	-16.10	-5.63	7.76	5.01	-4.16	-	-3.72	4.09	7.02
Other Income/Expense
Interest Income	47.68	52.08	58.45	43.63	32.13	37.50	-	43.19	39.89	32.47
Interest Expense	28.73	32.29	30.46	10.75	7.09	13.75	-	18.22	12.38	6.96
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	-12.65	-16.10	-5.63	7.76	5.01	-4.16	-	-3.72	4.09	7.02
Income Tax Expense	0.06	23.79	-1.45	1.60	-0.08	-0.34	-0.34	-0.90	0.89	2.88
Net Income	-12.71	-39.88	-4.18	6.16	5.09	-3.82	-3.82	-2.82	3.20	4.15
Net Income - Continuous Operations	-12.71	-39.88	-4.18	6.16	5.09	-3.82	-	-2.82	3.20	4.15
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	-11.46	1.35	-4.28	9.23	1.64	-2.56	-	-2.03	5.62	8.29
EBIT	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	1.19	1.35	1.35	1.47	1.64	1.60	-	1.69	1.54	1.27
Earnings Per Share
Basic EPS	-	-10.00	-1.00	2.00	1.00	-1.00	-1.00	-1.00	1.00	1.00
Diluted EPS	-	-10.00	-1.00	2.00	1.00	-1.00	-1.00	-1.00	1.00	1.00
Basic Shares Outstanding	78.12	3.98	3.97	3.95	3.95	3.94	3.93	3.91	3.90	3.89
Diluted Shares Outstanding	78.12	3.98	3.97	3.96	3.95	3.94	3.93	3.92	3.92	3.91

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

Frequently Asked Questions About Patriot National Bancorp Financial Statements

What was Patriot National Bancorp's revenue in fiscal 2025?

Patriot National Bancorp reported revenue of $58.16M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 263.9% from $15.98M a year earlier.

Is Patriot National Bancorp profitable?

No. Patriot National Bancorp reported a net loss of $12.71M in fiscal 2025. In fiscal 2024 it lost $39.88M.

What is Patriot National Bancorp's operating margin?

Patriot National Bancorp's operating income was −$12.65M on revenue of $58.16M in fiscal 2025, an operating margin of -21.8%, compared with -100.7% 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