CUBI (Customers Bancorp, Inc.) Stock Financials & Earnings | Market Cap Arena

CUBI (Customers Bancorp, Inc.) Stock Financials & Earnings | Market Cap Arena

CUBICustomers Bancorp, Inc.

Mkt Cap$2B

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

Revenue (TTM)$1.4B

Net Income (TTM)$224M

EPS (TTM)$6.20

Free Cash Flow (TTM)$337M

Gross Margin51.6%

Op. Margin22.0%

Net Margin15.8%

FCF Margin23.8%

P/S Ratio (TTM)1.6x

P/E Ratio (TTM)10.3x

YoY Rev Growth+3.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$328M	$144M	$68M
Q2 23	$341M	$153M	$68M
Q3 23	$390M	$196M	$110M
Q4 23	$361M	$174M	$84M
Q1 24	$349M	$161M	$65M
Q2 24	$362M	$177M	$77M
Q3 24	$337M	$146M	$46M
Q4 24	$314M	$130M	$36M
Q1 25	$286M	$110M	$12M
Q2 25	$354M	$181M	$79M
Q3 25	$388M	$201M	$100M
Q4 25	$388M	$237M	$120M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.3x	11.2x
Q2 23	2.0x	11.9x
Q3 23	1.7x	10.6x
Q4 23	1.6x	9.2x
Q1 24	1.6x	9.3x
Q2 24	1.6x	9.0x
Q3 24	1.6x	10.6x
Q4 24	1.7x	12.7x
Q1 25	1.8x	15.9x
Q2 25	1.8x	15.6x
Q3 25	1.7x	13.0x
Q4 25	1.6x	10.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$18M	$15M
Q2 23	$89M	$77M
Q3 23	$136M	$130M
Q4 23	-$118M	-$139M
Q1 24	-$19M	-$23M
Q2 24	$6M	-$10M
Q3 24	$24M	$12M
Q4 24	$133M	$101M
Q1 25	$94M	$77M
Q2 25	$162M	$139M
Q3 25	$117M	$57M
Q4 25	$122M	$64M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$2M
Q2 23	$13M
Q3 23	$6M
Q4 23	$21M
Q1 24	$4M
Q2 24	$16M
Q3 24	$12M
Q4 24	$33M
Q1 25	$17M
Q2 25	$23M
Q3 25	$59M
Q4 25	$58M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+62.3%	+144.9%
Q2 23	+66.7%	+114.7%
Q3 23	+75.0%	+98.3%
Q4 23	+36.5%	+21.2%
Q1 24	+6.3%	+9.0%
Q2 24	+5.9%	+4.2%
Q3 24	-13.7%	+3.9%
Q4 24	-13.1%	+0.3%
Q1 25	-18.1%	-3.4%
Q2 25	-2.2%	-3.4%
Q3 25	+15.0%	-1.3%
Q4 25	+23.7%	-3.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3M	0.9%
Q2 23	$4M	1.0%
Q3 23	$4M	0.9%
Q4 23	$3M	0.7%
Q1 24	$4M	1.1%
Q2 24	$3M	0.9%
Q3 24	$4M	1.1%
Q4 24	$4M	1.2%
Q1 25	$4M	1.5%
Q2 25	$4M	1.2%
Q3 25	$4M	1.1%
Q4 25	$5M	1.4%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$35M	$1M
Q2 23	$43M	$546K
Q3 23	$58M	$650K
Q4 23	—	$850K
Q1 24	$49M	$682K
Q2 24	$55M	$1M
Q3 24	$69M	$908K
Q4 24	$6M	$2M
Q1 25	$54M	$528K
Q2 25	$58M	$461K
Q3 25	$57M	$636K
Q4 25	$52M	$812K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$2.0B	$2.9B	$5.0B
Q2 23	$3.2B	$2.8B	$6.0B
Q3 23	$3.4B	$2.8B	$6.2B
Q4 23	$3.8B	$2.4B	$6.3B
Q1 24	$3.7B	$2.6B	$6.3B
Q2 24	$3.0B	$2.5B	$5.6B
Q3 24	$3.1B	$2.4B	$5.5B
Q4 24	$3.8B	$2.0B	$5.8B
Q1 25	$3.4B	$758M	$4.2B
Q2 25	$3.5B	$677M	$4.2B
Q3 25	$4.2B	$611M	$4.8B
Q4 25	$62M	$1.9B	$2.0B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	32M	-2.2%
Q2 23	32M	-2.3%
Q3 23	32M	+1.8%
Q4 23	33M	+1.1%
Q1 24	33M	+1.0%
Q2 24	33M	-0.5%
Q3 24	33M	+0.2%
Q4 24	33M	-0.6%
Q1 25	32M	-0.2%
Q2 25	32M	-0.4%
Q3 25	33M	+3.4%
Q4 25	35M	+5.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$517K	414
FY 15	$535K	517
FY 16	$510K	739
FY 17	$2M	230
FY 18	$2M	247
FY 19	$2M	310
FY 20	$2M	300
FY 21	$3M	300
FY 22	$2M	400
FY 23	$5M	300
FY 24	$5M	300
FY 25	$5M	300