FLG

MKT CAP:$6B

Flagstar Financial, Inc.

Market Cap

$6B

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

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$14.24+$1.69 (+13.47%)

Apr 23, 2026

Company Details

Flagstar Financial, Inc. operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savin...

CEO

Joseph Otting

IPO Date

Nov 23, 1993

Website

www.flagstar.com

Key Metrics TTM

Revenue

$4.7B

-25.8% YoY

Net Income

-$177M

EPS (Diluted)

-$0.51

Free Cash Flow

-$237M

Revenue / Share

$10.33

Gross Margin

38.2%

Operating Margin

-4.2%

Net Margin

-3.7%

FCF Margin

-5.0%

P/S

1.2x

P/E

—

Earnings Reports

FY 2025

Feb 27, 2026

$4.7B-26.5%EPS -$0.51

Q4 2025

Feb 27, 2026

$1.1B-22.3%EPS $0.05

Q3 2025

Nov 6, 2025

$1.2B-29.5%EPS -$0.11

Q2 2025

Aug 7, 2025

$1.2B-26.6%EPS -$0.19

Q1 2025

May 9, 2025

$1.2B-24.3%EPS -$0.26

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$443M	$348M	$207M
Q2 22	$491M	$368M	$230M
Q3 22	$526M	$341M	$205M
Q4 22	$718M	$292M	$184M
Q1 23	$1.1B	$482M	$2.0B
Q2 23	$1.7B	$1.0B	$492M
Q3 23	$1.7B	$980M	$268M
Q4 23	$1.6B	$326M	-$2.8B
Q1 24	$1.6B	$439M	-$381M
Q2 24	$1.7B	$281M	-$424M
Q3 24	$1.6B	$381M	-$335M
Q4 24	$1.4B	$391M	-$238M
Q1 25	$1.2B	$411M	-$121M
Q2 25	$1.2B	$432M	-$81M
Q3 25	$1.2B	$447M	-$41M
Q4 25	$1.1B	$520M	$45M

Valuation

Quarter	P/S	P/E
Q1 22	3.3x	9.5x
Q2 22	3.2x	9.2x
Q3 22	3.0x	9.2x
Q4 22	2.6x	8.9x
Q1 23	2.0x	2.3x
Q2 23	1.4x	2.1x
Q3 23	1.1x	2.1x
Q4 23	1.0x	—
Q1 24	0.9x	—
Q2 24	0.9x	—
Q3 24	0.9x	—
Q4 24	0.9x	—
Q1 25	1.0x	—
Q2 25	1.0x	—
Q3 25	1.1x	—
Q4 25	1.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$185M	$184M
Q2 22	$214M	$215M
Q3 22	$232M	$232M
Q4 22	$395M	$392M
Q1 23	$3.0B	$3.0B
Q2 23	-$4.6B	-$4.6B
Q3 23	$1.1B	$1.1B
Q4 23	$779M	$755M
Q1 24	-$294M	-$332M
Q2 24	$796M	$774M
Q3 24	-$1.0B	-$1.0B
Q4 24	$623M	$620M
Q1 25	-$590M	-$602M
Q2 25	$355M	$348M
Q3 25	$243M	$233M
Q4 25	-$178M	-$216M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$0
Q3 22	$0
Q4 22	$3M
Q1 23	$11M
Q2 23	$42M
Q3 23	$11M
Q4 23	$24M
Q1 24	$38M
Q2 24	$22M
Q3 24	$27M
Q4 24	$3M
Q1 25	$12M
Q2 25	$7M
Q3 25	$10M
Q4 25	$38M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+1.4%	-2.1%
Q2 22	+9.8%	+11.1%
Q3 22	+22.3%	+39.0%
Q4 22	+64.7%	+125.3%
Q1 23	+155.3%	-471.2%
Q2 23	+237.9%	+347.1%
Q3 23	+217.9%	+337.4%
Q4 23	+120.8%	+724.3%
Q1 24	+45.3%	+331.1%
Q2 24	+0.2%	+78.7%
Q3 24	-1.5%	+41.2%
Q4 24	-9.6%	-62.0%
Q1 25	-24.3%	-32.6%
Q2 25	-26.6%	-37.6%
Q3 25	-29.5%	-39.4%
Q4 25	-22.3%	-36.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$7M	1.6%
Q2 22	$8M	1.6%
Q3 22	$7M	1.3%
Q4 22	$7M	1.0%
Q1 23	$9M	0.8%
Q2 23	$11M	0.7%
Q3 23	$13M	0.8%
Q4 23	$14M	0.9%
Q1 24	$6M	0.4%
Q2 24	$15M	0.9%
Q3 24	$17M	1.0%
Q4 24	$16M	1.1%
Q1 25	$15M	1.2%
Q2 25	$14M	1.1%
Q3 25	$17M	1.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 22	$111M
Q2 22	$112M
Q3 22	$110M
Q4 22	$179M
Q1 23	$355M
Q2 23	$465M
Q3 23	$530M
Q4 23	$549M
Q1 24	$569M
Q2 24	$586M
Q3 24	$602M
Q4 24	$628M
Q1 25	$441M
Q2 25	$419M
Q3 25	$278M
Q4 25	$300M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.9B	$4.6B	$7.5B
Q2 22	$3.3B	$4.6B	$7.8B
Q3 22	$1.7B	$6.1B	$7.8B
Q4 22	$2.0B	$8.6B	$10.7B
Q1 23	$22.3B	$6.8B	$29.0B
Q2 23	$15.8B	$6.5B	$22.3B
Q3 23	$6.9B	$7.3B	$14.3B
Q4 23	$11.5B	$9.1B	$20.6B
Q1 24	$12.9B	$653M	$13.5B
Q2 24	$19.0B	$1.1B	$20.1B
Q3 24	$23.1B	$275M	$23.4B
Q4 24	$15.4B	$10.4B	$25.8B
Q1 25	$12.6B	$12.8B	$25.4B
Q2 25	$8.1B	$1M	$8.1B
Q3 25	$8.5B	$1M	$8.5B
Q4 25	$553M	$15.7B	$16.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	155M	+0.4%	+0.4%
Q2 22	156M	+0.2%	+0.4%
Q3 22	155M	-0.2%	+0.3%
Q4 22	180M	+15.8%	+16.3%
Q1 23	229M	+27.5%	+47.7%
Q2 23	241M	+5.2%	+55.0%
Q3 23	242M	+0.2%	+55.5%
Q4 23	241M	-0.3%	+33.9%
Q1 24	247M	+2.4%	+7.5%
Q2 24	293M	+18.8%	+21.5%
Q3 24	367M	+25.1%	+51.7%
Q4 24	349M	-4.9%	+44.8%
Q1 25	415M	+19.0%	+68.2%
Q2 25	415M	+0.1%	+41.6%
Q3 25	415M	0.0%	+13.2%
Q4 25	459M	+10.5%	+31.6%

Shares Outstanding