ESQ

MKT CAP:$925M

Esquire Financial Holdings, Inc.

Market Cap

$925M

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

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$105.01+$3.70 (+3.65%)

Apr 24, 2026

Company Details

Esquire Financial Holdings, Inc. operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, and commercial and retail customers ...

CEO

Andrew C. Sagliocca

IPO Date

Jun 27, 2017

Website

www.esquirebank.com

Key Metrics TTM

Revenue

$172M

+20.1% YoY

Net Income

$52M

EPS (Diluted)

$5.95

Free Cash Flow

$50M

Revenue / Share

$19.81

Gross Margin

85.9%

Operating Margin

40.7%

Net Margin

30.0%

FCF Margin

28.8%

P/S

5.4x

P/E

17.9x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$45M+20.8%EPS $1.40

FY 2025

Mar 13, 2026

$164M+19.0%EPS $5.88

Q4 2025

Mar 13, 2026

$44M+20.0%EPS $1.55

Q3 2025

Nov 7, 2025

$42M+20.4%EPS $1.62

Q2 2025

Aug 8, 2025

$40M+19.2%EPS $1.38

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$20M	$19M	$9M
Q3 22	$22M	$21M	$10M
Q4 22	$26M	$24M	$12M
Q1 23	$31M	$29M	$17M
Q2 23	$29M	$25M	$12M
Q3 23	$30M	$27M	$13M
Q4 23	$32M	$27M	$14M
Q1 24	$32M	$28M	$14M
Q2 24	$34M	$30M	$14M
Q3 24	$35M	$31M	$16M
Q4 24	$37M	$31M	$16M
Q1 25	$38M	$32M	$16M
Q2 25	$40M	$32M	$15M
Q3 25	$42M	$36M	$17M
Q4 25	$44M	$39M	$20M
Q1 26	$45M	$40M	$17M

Valuation

Quarter	P/S	P/E
Q2 22	3.9x	13.2x
Q3 22	3.8x	11.2x
Q4 22	3.7x	11.2x
Q1 23	3.0x	8.5x
Q2 23	3.3x	9.3x
Q3 23	3.0x	8.7x
Q4 23	3.1x	9.2x
Q1 24	3.0x	9.6x
Q2 24	2.9x	9.1x
Q3 24	3.8x	12.2x
Q4 24	4.5x	14.3x
Q1 25	4.1x	13.1x
Q2 25	5.0x	16.3x
Q3 25	5.2x	16.6x
Q4 25	5.1x	16.5x
Q1 26	5.4x	17.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$11M	$11M
Q2 22	$7M	$7M
Q3 22	$12M	$11M
Q4 22	$9M	$8M
Q1 23	$15M	$14M
Q2 23	$437.0K	-$186.0K
Q3 23	$11M	$10M
Q4 23	$17M	$16M
Q1 24	$13M	$12M
Q2 24	$7M	$7M
Q3 24	$11M	$10M
Q4 24	$12M	$11M
Q1 25	$16M	$14M
Q2 25	$10M	$9M
Q3 25	$17M	$15M
Q4 25	$17M	$12M

Capital Expenditures

Quarter	CapEx
Q1 22	$397.0K
Q2 22	$352.0K
Q3 22	$369.0K
Q4 22	$22.0K
Q1 23	$847.0K
Q2 23	$623.0K
Q3 23	$742.0K
Q4 23	$792.0K
Q1 24	$926.0K
Q2 24	$664.0K
Q3 24	$781.0K
Q4 24	$778.0K
Q1 25	$2M
Q2 25	$2M
Q3 25	$1M
Q4 25	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+23.5%	+13.4%
Q3 22	+36.4%	-8.2%
Q4 22	+51.1%	+40.9%
Q1 23	+74.8%	+37.0%
Q2 23	+42.6%	+41.2%
Q3 23	+35.9%	+44.0%
Q4 23	+23.2%	+36.2%
Q1 24	+6.0%	+33.6%
Q2 24	+17.1%	+18.6%
Q3 24	+15.7%	+14.6%
Q4 24	+16.1%	+16.3%
Q1 25	+16.0%	+18.0%
Q2 25	+19.2%	+28.9%
Q3 25	+20.4%	+26.9%
Q4 25	+20.0%	+13.0%
Q1 26	+20.8%	+28.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$561.0K	3.2%
Q2 22	$580.0K	2.9%
Q3 22	$686.0K	3.1%
Q4 22	$597.0K	2.3%
Q1 23	$790.0K	2.6%
Q2 23	$788.0K	2.7%
Q3 23	$801.0K	2.6%
Q4 23	$839.0K	2.6%
Q1 24	$967.0K	3.0%
Q2 24	$962.0K	2.9%
Q3 24	$933.0K	2.7%
Q4 24	$973.0K	2.6%
Q1 25	$1M	2.9%
Q2 25	$1M	3.0%
Q3 25	$1M	3.1%
Q4 25	$1M	3.1%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$6M	$404.0K
Q3 22	$7M	$480.0K
Q4 22	$7M	$353.0K
Q1 23	$8M	$429.0K
Q2 23	$8M	$320.0K
Q3 23	$9M	$467.0K
Q4 23	$9M	$607.0K
Q1 24	$9M	$872.0K
Q2 24	$10M	$881.0K
Q3 24	$10M	$949.0K
Q4 24	$10M	$812.0K
Q1 25	$10M	$851.0K
Q2 25	$11M	$811.0K
Q3 25	$11M	$974.0K
Q4 25	$11M	—
Q1 26	$19M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$155M	$123M	$278M
Q3 22	$182M	$111M	$294M
Q4 22	$164M	$109M	$273M
Q1 23	$204M	$108M	$312M
Q2 23	$106M	$104M	$210M
Q3 23	$121M	$114M	$235M
Q4 23	$165M	$122M	$287M
Q1 24	$158M	$142M	$300M
Q2 24	$153M	$177M	$330M
Q3 24	$148M	$211M	$359M
Q4 24	$126M	$242M	$368M
Q1 25	$173M	$237M	$410M
Q2 25	$163M	$257M	$420M
Q3 25	$241M	$265M	$506M
Q4 25	$236M	$247M	$482M
Q1 26	$222M	$258M	$480M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	8M	+0.5%	+3.6%
Q3 22	8M	+0.5%	+3.5%
Q4 22	8M	+0.9%	+2.3%
Q1 23	8M	+0.1%	+1.9%
Q2 23	8M	-0.0%	+1.4%
Q3 23	8M	+1.0%	+1.9%
Q4 23	8M	+0.1%	+1.1%
Q1 24	8M	+0.2%	+1.2%
Q2 24	8M	+0.0%	+1.2%
Q3 24	9M	+1.2%	+1.5%
Q4 24	9M	0.0%	+1.4%
Q1 25	9M	+1.1%	+2.4%
Q2 25	9M	+0.2%	+2.6%
Q3 25	9M	+0.3%	+1.7%
Q4 25	9M	+0.7%	+2.4%
Q1 26	9M	-0.1%	+1.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$183.3K	110
Q3 22	$203.6K	110
Q4 22	$222.7K	116
Q1 23	$264.0K	116
Q2 23	$247.8K	116
Q3 23	$262.3K	116
Q4 23	$227.4K	140
Q1 24	$231.9K	140
Q2 24	$240.4K	140
Q3 24	$251.4K	140
Q4 24	$267.8K	138
Q1 25	$272.9K	138
Q2 25	$290.7K	138
Q3 25	$307.0K	138
Q4 25	$321.4K	138
Q1 26	$329.6K	138

Revenue / Employee