GBFH

MKT CAP:$423M

GBank Financial Holdings Inc.

Market Cap

$423M

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

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$29.89-$2.62 (-8.06%)

Apr 21, 2026

Company Details

GBank Financial Holdings Inc. operates as a bank holding company for Bank of George that provides banking products and services in Nevada. The company offers business and personal checking accounts. It also provides personal saving services...

CEO

Edward Nigro

IPO Date

Feb 18, 2021

Website

www.bankofgeorge.com

Key Metrics TTM

Revenue

$108M

+58.9% YoY

Net Income

$21M

EPS (Diluted)

$1.45

Free Cash Flow

-$17M

Revenue / Share

$7.44

Gross Margin

65.4%

Operating Margin

24.9%

Net Margin

19.3%

FCF Margin

-15.7%

P/S

3.9x

P/E

20.2x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Jan 15, 2026

$110M+82.3%EPS $1.44

Q4 2025

Jan 15, 2026

$30MEPS $0.51

Q3 2025

Nov 12, 2025

$28MEPS $0.30

Q2 2025

Aug 12, 2025

$26M+15.2%EPS $0.33

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$8M	$7M	$2M
Q4 20	$10M	$9M	$5M
Q1 21	$7M	$6M	$1M
Q2 21	$11M	$10M	$4M
Q3 21	$9M	$9M	$3M
Q4 21	$12M	$11M	$5M
Q2 22	$10M	$9M	$2M
Q3 22	$12M	$10M	$3M
Q4 22	$13M	$11M	$4M
Q2 23	$14M	$11M	$3M
Q1 24	$19M	$13M	$5M
Q2 24	$22M	$15M	$6M
Q1 25	$24M	$16M	$6M
Q2 25	$26M	$16M	$6M
Q3 25	$28M	$17M	$6M
Q4 25	$30M	$21M	$9M

Valuation

Quarter	P/S	P/E
Q3 20	—	—
Q4 20	14.8x	60.6x
Q1 21	14.1x	57.6x
Q2 21	11.9x	42.8x
Q3 21	11.5x	39.5x
Q4 21	11.0x	38.5x
Q2 22	10.2x	36.3x
Q3 22	9.9x	38.6x
Q4 22	9.2x	36.5x
Q2 23	8.8x	42.6x
Q1 24	7.3x	35.5x
Q2 24	6.2x	30.3x
Q1 25	5.3x	27.9x
Q2 25	4.6x	24.0x
Q3 25	4.2x	23.2x
Q4 25	3.9x	20.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$0	$0
Q2 23	$0	$0
Q1 24	-$8M	-$8M
Q2 24	$8M	$8M
Q1 25	-$6M	-$6M
Q2 25	$859.0K	$840.0K
Q3 25	-$12M	-$12M
Q4 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q2 22	$0
Q2 23	$0
Q1 24	$49.0K
Q2 24	$21.0K
Q1 25	$32.0K
Q2 25	$19.0K
Q3 25	$51.0K
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+27.2%	+21.3%
Q2 21	+103.5%	+47.5%
Q3 21	+14.7%	+1.4%
Q4 21	+17.1%	+32.7%
Q2 22	+49.0%	+45.0%
Q3 22	+10.8%	+34.9%
Q4 22	+35.9%	+44.9%
Q2 23	+18.1%	+66.1%
Q1 24	+94.9%	+89.4%
Q2 24	+89.7%	+92.8%
Q1 25	+92.6%	+120.4%
Q2 25	+84.8%	+78.8%
Q3 25	+45.5%	+55.2%
Q4 25	+35.0%	+27.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q2 23	$0	0.0%
Q1 24	$338.0K	1.7%
Q2 24	$0	0.0%
Q1 25	$574.0K	2.3%
Q2 25	$574.0K	2.2%
Q3 25	$523.0K	1.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q3 20	$3M	—
Q4 20	$3M	—
Q1 21	$3M	$25.0K
Q2 21	$3M	—
Q3 21	$4M	—
Q4 21	$4M	—
Q2 22	$4M	—
Q3 22	$5M	—
Q4 22	$5M	—
Q2 23	$5M	—
Q1 24	$5M	$129.0K
Q2 24	$6M	$84.0K
Q1 25	$7M	$127.0K
Q2 25	$6M	$371.0K
Q3 25	$7M	$1M
Q4 25	$7M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$251M	$0	$251M
Q2 22	$157M	$0	$157M
Q3 22	$153M	$0	$153M
Q4 22	$136M	$3M	$139M
Q1 23	$101M	$0	$101M
Q2 23	$85M	$0	$85M
Q3 23	$66M	$0	$66M
Q4 23	$98M	$3M	$101M
Q1 24	$54M	$0	$54M
Q2 24	$88M	$0	$88M
Q3 24	$71M	$0	$71M
Q4 24	$0	$0	$0
Q1 25	$147M	$71M	$218M
Q2 25	$143M	$83M	$226M
Q3 25	$5M	$86M	$91M
Q4 25	$5M	$0	$5M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	12M	0.0%	—
Q4 20	13M	+3.5%	—
Q1 21	13M	+3.3%	+6.9%
Q2 21	13M	-2.0%	+4.8%
Q3 21	13M	-1.4%	+3.4%
Q4 21	13M	+1.5%	+1.4%
Q2 22	13M	+3.0%	+1.1%
Q3 22	13M	-0.1%	+3.1%
Q4 22	13M	-1.5%	+2.9%
Q2 23	13M	-1.5%	-0.1%
Q1 24	13M	+0.9%	-2.2%
Q2 24	13M	+3.7%	+1.5%
Q1 25	15M	+8.9%	+12.3%
Q2 25	15M	+0.0%	+14.0%
Q3 25	15M	-0.3%	+12.6%
Q4 25	15M	+0.3%	+8.9%

Shares Outstanding