CBNA FY 2023 Earnings Report — Chain Bridge Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Chain Bridge Bancorp, Inc.CBNA

FY 2023 Earnings

Reported December 31, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$34M	—	$30M	—	12.4%
Op. Income	$11M	—	$10M	—	7.3%
Gross Margin	88.7%	—	93.1%	—	-4.4pp
Net Margin	25.8%	—	27.2%	—	-1.4pp
EPS (Diluted)	$1.38	—	$1.29	—	7.0%
Free Cash Flow	$13M	—	$17M	—	-27.3%

Revenue Flow

Item	Amount
REVENUE	$34M
Cost of Revenue	$4M
GROSS PROFIT	$30M
R&D Expenses	$0
Selling & Marketing	$239.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$6M
Operating Expenses	$19M
Cost & Expenses	$23M
OPERATING INCOME	$11M
Interest Income	$32M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$491.0K
EBIT	$11M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$34M
Cost of Revenue	$4M
GROSS PROFIT	$30M
R&D Expenses	$0
Selling & Marketing	$239.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$6M
Operating Expenses	$19M
Cost & Expenses	$23M
OPERATING INCOME	$11M
Interest Income	$32M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$491.0K
EBIT	$11M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$491.0K
Stock-Based Compensation	$0
Deferred Income Tax	-$99.0K
Other Non-Cash Items	$3M
Change in Working Capital	$963.0K
OPERATING CASH FLOW	$13M
Capital Expenditure	-$269.0K
Acquisitions (Net)	$0
Purchases of Investments	-$23M
Sales/Maturities of Investments	$54M
Other Investing Activities	$16M
NET CASH FROM INVESTING	$46M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$159M
NET CASH FROM FINANCING	$159M
FREE CASH FLOW	$13M
Net Change in Cash	$218M

Balance Sheet

Item	Amount
Cash & Equivalents	$317M
Short-Term Investments	$258M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$579M
PP&E (Net)	$10M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$608M
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$626M
TOTAL ASSETS	$1.2B
Account Payables	$61.0K
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$1.1B
Common Stock	$46.0K
Additional Paid-In Capital	$38M
Retained Earnings	$57M
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$83M
Minority Interest	$0
TOTAL EQUITY	$83M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$5M
Net Debt	-$312M