CCB

MKT CAP:$1B

Coastal Financial Corporation

Market Cap

$1B

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

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$82.00-$31.30 (-27.63%)

Apr 21, 2026

Company Details

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region ...

CEO

Eric Sprink

IPO Date

Jul 19, 2018

Website

www.coastalbank.com

Key Metrics TTM

Revenue

$556M

-3.4% YoY

Net Income

$47M

EPS (Diluted)

$3.04

Free Cash Flow

$246M

Revenue / Share

$36.00

Gross Margin

43.9%

Operating Margin

11.0%

Net Margin

8.4%

FCF Margin

44.2%

P/S

2.3x

P/E

26.7x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 27, 2026

$661M+14.7%EPS $3.04

Q4 2025

Feb 27, 2026

$167M+20.7%EPS $0.82

Q3 2025

Nov 7, 2025

$141M-6.4%EPS $0.88

Q2 2025

Aug 8, 2025

$115M-15.6%EPS $0.71

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$39M	$25M	$8M
Q2 22	$49M	$33M	$13M
Q3 22	$62M	$38M	$14M
Q4 22	$84M	$39M	$16M
Q1 23	$100M	$41M	$15M
Q2 23	$119M	$45M	$17M
Q3 23	$97M	$44M	$13M
Q4 23	$128M	$38M	$12M
Q1 24	$151M	$38M	$9M
Q2 24	$137M	$43M	$15M
Q3 24	$150M	$47M	$16M
Q4 24	$138M	$46M	$17M
Q1 25	$134M	$49M	$12M
Q2 25	$115M	$52M	$14M
Q3 25	$141M	$53M	$18M
Q4 25	$167M	$90M	$17M

Valuation

Quarter	P/S	P/E
Q1 22	4.9x	22.3x
Q2 22	3.4x	16.7x
Q3 22	2.8x	14.8x
Q4 22	2.5x	14.4x
Q1 23	1.6x	10.0x
Q2 23	1.4x	10.5x
Q3 23	1.4x	11.8x
Q4 23	1.3x	12.8x
Q1 24	1.0x	13.0x
Q2 24	1.2x	16.3x
Q3 24	1.3x	17.7x
Q4 24	2.0x	25.6x
Q1 25	2.2x	25.2x
Q2 25	2.7x	30.5x
Q3 25	3.3x	36.8x
Q4 25	3.2x	37.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$8M	$7M
Q2 22	$13M	$12M
Q3 22	$21M	$21M
Q4 22	$25M	$25M
Q1 23	$47M	$46M
Q2 23	$34M	$33M
Q3 23	$65M	$63M
Q4 23	$50M	$48M
Q1 24	$57M	$55M
Q2 24	$78M	$75M
Q3 24	$63M	$61M
Q4 24	$62M	$59M
Q1 25	$72M	$69M
Q2 25	$66M	$64M
Q3 25	$59M	$57M
Q4 25	$58M	$56M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$1M
Q3 22	$290.0K
Q4 22	$217.0K
Q1 23	$284.0K
Q2 23	$1M
Q3 23	$2M
Q4 23	$2M
Q1 24	$2M
Q2 24	$3M
Q3 24	$2M
Q4 24	$3M
Q1 25	$3M
Q2 25	$2M
Q3 25	$2M
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+84.8%	+129.6%
Q2 22	+111.4%	+159.3%
Q3 22	+149.0%	+192.9%
Q4 22	+131.6%	+150.4%
Q1 23	+154.3%	+169.1%
Q2 23	+144.2%	+187.2%
Q3 23	+55.8%	+74.1%
Q4 23	+52.5%	+69.9%
Q1 24	+51.1%	+68.4%
Q2 24	+15.0%	+19.2%
Q3 24	+55.0%	+59.6%
Q4 24	+7.9%	+4.1%
Q1 25	-11.3%	-14.1%
Q2 25	-15.6%	-17.0%
Q3 25	-6.4%	-8.3%
Q4 25	+20.7%	+23.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$539.0K	1.4%
Q2 22	$565.0K	1.2%
Q3 22	$684.0K	1.1%
Q4 22	$729.0K	0.9%
Q1 23	$1M	1.1%
Q2 23	$847.0K	0.7%
Q3 23	$917.0K	0.9%
Q4 23	$874.0K	0.7%
Q1 24	$1M	0.8%
Q2 24	$1M	0.8%
Q3 24	$1M	0.7%
Q4 24	$1M	1.1%
Q1 25	$3M	1.9%
Q2 25	$2M	1.7%
Q3 25	$50.0K	0.0%
Q4 25	$4M	2.4%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$12M	$347.0K
Q2 22	$13M	$483.0K
Q3 22	$16M	$811.0K
Q4 22	$15M	$819.0K
Q1 23	$17M	$848.0K
Q2 23	$17M	$929.0K
Q3 23	$19M	$1M
Q4 23	$18M	$1M
Q1 24	$19M	$143.0K
Q2 24	$18M	$866.0K
Q3 24	$18M	$1M
Q4 24	$19M	—
Q1 25	$23M	$157.0K
Q2 25	$23M	$119.0K
Q3 25	$22M	$341.0K
Q4 25	$25M	—

Revenue Segments

Quarter	Baa S Fees	Mortgage Banking
Q4 22	$86M	$134.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$682M	$135M	$817M
Q2 22	$406M	$109M	$514M
Q3 22	$411M	$98M	$508M
Q4 22	$342M	$97M	$439M
Q1 23	$394M	$98M	$492M
Q2 23	$275M	$98M	$373M
Q3 23	$475M	$99M	$574M
Q4 23	$483M	$100M	$583M
Q1 24	$515M	$41.0K	$515M
Q2 24	$487M	$39.0K	$487M
Q3 24	$484M	$38.0K	$484M
Q4 24	$453M	$35.0K	$453M
Q1 25	$624M	$34.0K	$624M
Q2 25	$720M	$33.0K	$720M
Q3 25	$642M	$31.0K	$642M
Q4 25	$34M	$29.0K	$34M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	13M	+6.1%	+8.7%
Q2 22	13M	-0.2%	+7.3%
Q3 22	14M	+0.7%	+8.7%
Q4 22	14M	+0.5%	+7.1%
Q1 23	14M	+0.0%	+1.0%
Q2 23	14M	-0.1%	+1.2%
Q3 23	14M	+0.6%	+1.0%
Q4 23	14M	+0.0%	+0.5%
Q1 24	14M	+0.0%	+0.5%
Q2 24	14M	+0.4%	+1.0%
Q3 24	14M	+0.6%	+1.1%
Q4 24	14M	+3.2%	+4.3%
Q1 25	15M	+8.4%	+13.1%
Q2 25	15M	-0.1%	+12.5%
Q3 25	15M	-0.0%	+11.7%
Q4 25	15M	+0.1%	+8.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$101.5K	387
Q2 22	$125.6K	387
Q3 22	$161.0K	387
Q4 22	$187.1K	448
Q1 23	$222.9K	448
Q2 23	$265.0K	448
Q3 23	$216.6K	448
Q4 23	$252.2K	507
Q1 24	$297.6K	507
Q2 24	$269.3K	507
Q3 24	$296.7K	507
Q4 24	$282.7K	488
Q1 25	$274.4K	488
Q2 25	$236.1K	488
Q3 25	$288.6K	488
Q4 25	$344.8K	483

Revenue / Employee