AROW (Arrow Financial Corporation) Stock Financials & Earnings | Market Cap Arena

AROW (Arrow Financial Corporation) Stock Financials & Earnings | Market Cap Arena

AROWArrow Financial Corporation

Mkt Cap$546M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Revenue (TTM)$243M

Net Income (TTM)$44M

EPS (TTM)$2.66

Free Cash Flow (TTM)$53M

Gross Margin65.3%

Op. Margin22.8%

Net Margin18.1%

FCF Margin21.9%

P/S Ratio (TTM)2.3x

P/E Ratio (TTM)12.4x

YoY Rev Growth+8.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$43M	$33M	$11M
Q2 23	$47M	$32M	$8M
Q3 23	$50M	$33M	$10M
Q4 23	$52M	$33M	$9M
Q1 24	$55M	$34M	$10M
Q2 24	$56M	$34M	$11M
Q3 24	$58M	$36M	$12M
Q4 24	$55M	$31M	$5M
Q1 25	$58M	$34M	$8M
Q2 25	$59M	$40M	$14M
Q3 25	$62M	$42M	$17M
Q4 25	$63M	$43M	$17M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.3x	12.2x
Q2 23	3.1x	14.0x
Q3 23	3.0x	15.9x
Q4 23	2.8x	18.2x
Q1 24	2.7x	18.7x
Q2 24	2.6x	17.2x
Q3 24	2.5x	16.6x
Q4 24	2.4x	18.4x
Q1 25	2.4x	19.2x
Q2 25	2.4x	17.9x
Q3 25	2.3x	15.9x
Q4 25	2.3x	12.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$13M	$11M
Q2 23	$12M	$10M
Q3 23	$11M	$10M
Q4 23	-$16M	-$17M
Q1 24	$10M	$9M
Q2 24	$9M	$8M
Q3 24	$9M	$8M
Q4 24	$6M	$4M
Q1 25	$10M	$9M
Q2 25	$10M	$8M
Q3 25	$15M	$14M
Q4 25	$26M	$22M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3M
Q2 23	$2M
Q3 23	$1M
Q4 23	$607K
Q1 24	$1M
Q2 24	$2M
Q3 24	$1M
Q4 24	$2M
Q1 25	$1M
Q2 25	$2M
Q3 25	$739K
Q4 25	$5M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+15.3%	+52.9%
Q2 23	+22.4%	+72.2%
Q3 23	+19.3%	+53.4%
Q4 23	+20.3%	+54.1%
Q1 24	+27.5%	+40.7%
Q2 24	+19.0%	+14.4%
Q3 24	+14.8%	+13.4%
Q4 24	+6.4%	+17.6%
Q1 25	+6.7%	+11.6%
Q2 25	+6.0%	+0.8%
Q3 25	+8.2%	-0.7%
Q4 25	+14.1%	-7.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$236K	0.6%
Q2 23	$125K	0.3%
Q3 23	$270K	0.5%
Q4 23	$192K	0.4%
Q1 24	$211K	0.4%
Q2 24	$209K	0.4%
Q3 24	$184K	0.3%
Q4 24	$205K	0.4%
Q1 25	$257K	0.4%
Q2 25	$416K	0.7%
Q3 25	$228K	0.4%
Q4 25	$519K	0.8%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$12M	—
Q2 23	$13M	—
Q3 23	$13M	—
Q4 23	$12M	$1M
Q1 24	$14M	—
Q2 24	$14M	—
Q3 24	$14M	—
Q4 24	$14M	$1M
Q1 25	$14M	—
Q2 25	$15M	—
Q3 25	$15M	—
Q4 25	$21M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$203M	$566M	$769M
Q2 23	$174M	$544M	$717M
Q3 23	$295M	$519M	$814M
Q4 23	$143M	$498M	$640M
Q1 24	$282M	$486M	$768M
Q2 24	$200M	$451M	$651M
Q3 24	$340M	$437M	$777M
Q4 24	$155M	$463M	$618M
Q1 25	$301M	$446M	$747M
Q2 25	$268M	$448M	$716M
Q3 25	$397M	$524M	$921M
Q4 25	$29M	$0	$29M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	17M	-0.2%
Q2 23	17M	-0.1%
Q3 23	17M	+0.0%
Q4 23	17M	-0.3%
Q1 24	17M	-0.8%
Q2 24	17M	-0.9%
Q3 24	17M	+0.2%
Q4 24	17M	-0.0%
Q1 25	17M	-0.4%
Q2 25	17M	-0.7%
Q3 25	16M	-0.9%
Q4 25	16M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	70
FY 15	$1M	66
FY 16	$2M	62
FY 17	$2M	65
FY 18	$2M	58
FY 19	$3M	51
FY 20	$280K	517
FY 21	$289K	512
FY 22	$320K	502
FY 23	$357K	537
FY 24	$403K	554
FY 25	$420K	578