FinWise Bancorp
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. FinWise Bancorp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 1073% to $64,001,000. Profit margin reached 27%. Total operating expenses were $34,024,000.
Profit Margin
| 2019 | 33.80M | 9.65M | 28.57% |
|---|---|---|---|
| 2020 | 42.07M | 11.19M | 26.62% |
| 2021 | 79.82M | 31.58M | 39.57% |
| 2022 | 5.45M | 25.11M | 460.49% |
| 2023 | 64.00M | 17.46M | 27.28% |
FINW Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 64.00M | 5.45M | 79.82M | 42.07M | 33.80M |
Cost of revenue | 6.54M | 4.88M | 5.53M | 0 | 0 |
Gross profit | 57.46M | 573K | 74.28M | 42.07M | 33.80M |
Operating exp. | |||||
Research and development | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 29.06M | 0 | 0 | 0 | 0 |
Total operating expenses | 34.02M | 4.88M | -37.55M | -26.93M | -20.97M |
Operating income | 23.81M | 35.35M | 42.27M | 15.14M | 12.83M |
Other income (expenses), net | 0 | 673K | 42.27M | -4.07M | 12.83M |
Income before tax | 23.81M | 36.03M | 42.27M | 15.14M | 12.83M |
Income tax expense | 6.35M | 10.91M | 10.68M | 3.94M | 3.17M |
Net income | 17.46M | 25.11M | 31.58M | 11.19M | 9.65M |
Earnings per share | |||||
Basic EPS | 1.38 | 1.96 | 3.44 | 0.85 | 0.79 |
Diluted EPS | 1.33 | 1.87 | 3.27 | 0.85 | 0.79 |
| Data source | Data source | Data source |