EQBK (Equity Bancshares, Inc.) Stock Financials & Earnings | Market Cap Arena

EQBK (Equity Bancshares, Inc.) Stock Financials & Earnings | Market Cap Arena

EQBKEquity Bancshares, Inc.

Mkt Cap$853M

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

Revenue (TTM)$314M

Net Income (TTM)$23M

EPS (TTM)$1.31

Free Cash Flow (TTM)-$13M

Gross Margin50.4%

Op. Margin10.4%

Net Margin7.2%

FCF Margin-4.1%

P/S Ratio (TTM)2.7x

P/E Ratio (TTM)37.6x

YoY Rev Growth-3.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$65M	$48M	$15M
Q2 23	$67M	$45M	$13M
Q3 23	$73M	$48M	$14M
Q4 23	$20M	-$5M	-$40M
Q1 24	$78M	$53M	$18M
Q2 24	$82M	$54M	$16M
Q3 24	$83M	$53M	$24M
Q4 24	$83M	$57M	$20M
Q1 25	$84M	$57M	$19M
Q2 25	$82M	$58M	$18M
Q3 25	$48M	-$29M	-$31M
Q4 25	$100M	$73M	$26M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.6x	15.7x
Q2 23	3.4x	16.9x
Q3 23	3.2x	17.9x
Q4 23	3.8x	109.1x
Q1 24	3.6x	89.2x
Q2 24	3.4x	86.8x
Q3 24	3.2x	49.2x
Q4 24	2.6x	13.6x
Q1 25	2.6x	13.4x
Q2 25	2.6x	12.7x
Q3 25	2.9x	48.4x
Q4 25	2.7x	37.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$19M	$15M
Q2 23	$19M	$17M
Q3 23	$25M	$19M
Q4 23	$13M	$9M
Q1 24	$13M	$11M
Q2 24	$16M	$15M
Q3 24	$23M	$20M
Q4 24	$22M	$20M
Q1 25	$22M	$20M
Q2 25	$28M	$26M
Q3 25	$8M	$4M
Q4 25	-$58M	-$64M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$4M
Q2 23	$3M
Q3 23	$6M
Q4 23	$4M
Q1 24	$2M
Q2 24	$846K
Q3 24	$4M
Q4 24	$2M
Q1 25	$1M
Q2 25	$2M
Q3 25	$4M
Q4 25	$5M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+26.6%	+56.7%
Q2 23	+29.0%	+54.4%
Q3 23	+29.0%	+55.4%
Q4 23	-66.5%	+32.4%
Q1 24	+21.3%	+21.8%
Q2 24	+22.7%	+21.9%
Q3 24	+13.1%	+0.0%
Q4 24	+309.9%	+4.6%
Q1 25	+7.7%	+8.1%
Q2 25	-0.4%	-3.7%
Q3 25	-42.6%	+33.5%
Q4 25	+20.8%	+18.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$1M	1.9%
Q2 23	$568K	0.8%
Q3 23	$571K	0.8%
Q4 23	$862K	4.3%
Q1 24	$950K	1.2%
Q2 24	$913K	1.1%
Q3 24	$996K	1.2%
Q4 24	$1M	1.4%
Q1 25	$1M	1.7%
Q2 25	$1M	1.5%
Q3 25	$2M	3.3%
Q4 25	-$4M	-4.2%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$17M	$1M
Q2 23	$16M	$1M
Q3 23	$17M	$1M
Q4 23	$17M	$2M
Q1 24	$19M	$1M
Q2 24	$18M	$1M
Q3 24	$19M	$1M
Q4 24	$19M	$1M
Q1 25	$21M	$1M
Q2 25	$20M	$1M
Q3 25	$487K	$1M
Q4 25	$22M	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$250M	$1.2B	$1.4B
Q2 23	$263M	$1.1B	$1.4B
Q3 23	$183M	$1.1B	$1.2B
Q4 23	$363M	$920M	$1.3B
Q1 24	$218M	$1.1B	$1.3B
Q2 24	$244M	$1.0B	$1.3B
Q3 24	$218M	$1.0B	$1.3B
Q4 24	$384M	$803M	$1.2B
Q1 25	$431M	$752M	$1.2B
Q2 25	$366M	$973M	$1.3B
Q3 25	$699M	$904M	$1.6B
Q4 25	$608M	$1.0B	$1.6B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	16M	-1.1%
Q2 23	16M	-3.0%
Q3 23	16M	-0.3%
Q4 23	15M	-0.6%
Q1 24	16M	+1.0%
Q2 24	15M	-1.2%
Q3 24	15M	+0.5%
Q4 24	16M	+5.2%
Q1 25	18M	+8.6%
Q2 25	18M	-0.1%
Q3 25	19M	+8.4%
Q4 25	19M	+0.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	$206K	297
FY 16	$171K	415
FY 17	$220K	526
FY 18	$285K	627
FY 19	$326K	607
FY 20	$284K	623
FY 21	$266K	702
FY 22	$301K	732
FY 23	$313K	717
FY 24	$403K	810
FY 25	$346K	909