First Foundation
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. First Foundation's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 47% to $174,850,000. Profit margin reached -114%. Total operating expenses were $174,850,000.
Profit Margin
| 2014 | 67.56M | 8.39M | 12.42% |
|---|---|---|---|
| 2015 | 86.96M | 13.37M | 15.38% |
| 2016 | 124.00M | 23.30M | 18.79% |
| 2017 | 152.33M | 27.58M | 18.11% |
| 2018 | 176.30M | 42.95M | 24.37% |
| 2019 | 193.87M | 56.23M | 29.01% |
| 2020 | 243.84M | 84.36M | 34.6% |
| 2021 | 294.96M | 109.51M | 37.13% |
| 2022 | 328.74M | 110.51M | 33.62% |
| 2023 | 174.85M | -199.06M | -113.85% |
FFWM Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 174.85M | 328.74M | 294.96M | 243.84M | 193.87M | 176.30M | 152.33M | 124.00M | 86.96M | 67.56M |
Cost of revenue | -398.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 573.69M | 328.74M | 294.96M | 243.84M | 193.87M | 176.30M | 152.33M | 124.00M | 86.96M | 67.56M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 13.66M | 12.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 174.85M | 13.66M | -143.17M | -125.07M | -114.37M | -64.52M | -78.55M | -74.48M | -57.85M | -48.15M |
Operating income | -191.86M | 226.28M | 151.78M | 118.76M | 79.49M | 111.78M | 73.78M | 49.52M | 29.11M | 19.40M |
Other income (expenses), net | -8.19M | -76.48M | 0 | 0 | 0 | -51.69M | -2.6M | -11.19M | 0 | -1.23M |
Income before tax | -200.06M | 149.80M | 151.78M | 118.76M | 79.49M | 60.08M | 50.59M | 38.33M | 22.83M | 14.82M |
Income tax expense | -1M | 39.29M | 42.27M | 34.39M | 23.26M | 17.12M | 23.01M | 15.03M | 9.45M | 6.42M |
Net income | -199.06M | 110.51M | 109.51M | 84.36M | 56.23M | 42.95M | 27.58M | 23.30M | 13.37M | 8.39M |
Earnings per share | ||||||||||
Basic EPS | -3.53 | 1.96 | 2.42 | 1.89 | 1.26 | 1.02 | 0.8 | 0.72 | 0.6 | 0.54 |
Diluted EPS | -3.53 | 1.96 | 2.41 | 1.88 | 1.25 | 1.01 | 0.78 | 0.7 | 0.58 | 0.51 |
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