WAFD FY 2025 Earnings Report — WaFd, Inc. Revenue & Financial Results | Market Cap Arena

FY 2025 Earnings

Reported November 18, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.4B	—	-1.6%
Op. Income	$290M	—	$256M	—	13.1%
Gross Margin	50.9%	—	49.2%	—	1.7pp
Net Margin	16.0%	—	14.0%	—	2.1pp
EPS (Diluted)	$2.63	—	$2.50	—	5.2%
Free Cash Flow	$208M	—	$415M	—	-49.8%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$693M
GROSS PROFIT	$718M
R&D Expenses	$0
Selling & Marketing	$267M
General & Administrative	$60M
SG&A Expenses	$327M
Other Expenses	$100M
Operating Expenses	$427M
Cost & Expenses	$1.1B
OPERATING INCOME	$290M
Interest Income	$1.3B
Interest Expense	$685M
Other Income/Expenses	$0
INCOME BEFORE TAX	$290M
Income Tax Expense	$64M
Net Income from Continuing Ops	$226M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$226M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$211M
D&A	$10M
EBIT	$290M
EBITDA	$299M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$693M
GROSS PROFIT	$718M
R&D Expenses	$0
Selling & Marketing	$267M
General & Administrative	$60M
SG&A Expenses	$327M
Other Expenses	$100M
Operating Expenses	$427M
Cost & Expenses	$1.1B
OPERATING INCOME	$290M
Interest Income	$1.3B
Interest Expense	$685M
Other Income/Expenses	$0
INCOME BEFORE TAX	$290M
Income Tax Expense	$64M
Net Income from Continuing Ops	$226M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$226M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$211M
D&A	$10M
EBIT	$290M
EBITDA	$299M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$226M
Depreciation & Amortization	$10M
Stock-Based Compensation	$9M
Deferred Income Tax	$0
Other Non-Cash Items	$8M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$237M
Capital Expenditure	-$29M
Acquisitions (Net)	-$360.0K
Purchases of Investments	-$1.7B
Sales/Maturities of Investments	$616M
Other Investing Activities	$842M
NET CASH FROM INVESTING	-$318M
Net Debt Issuance	-$1.5B
Common Stock Repurchased	-$102M
Common Dividends Paid	-$85M
Other Financing Activities	$67M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$208M
Net Change in Cash	-$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$657M
Short-Term Investments	$2.6B
Net Receivables	$211M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$261M
Goodwill	$415M
Intangible Assets	$27M
Long-Term Investments	$21.7B
Tax Assets	$0
Other Non-Current Assets	$860M
TOTAL NON-CURRENT ASSETS	$23.2B
TOTAL ASSETS	$26.7B
Account Payables	$0
Short-Term Debt	$1.7B
Deferred Revenue	$0
Other Current Liabilities	$21.4B
TOTAL CURRENT LIABILITIES	$23.2B
Long-Term Debt	$70M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$405M
TOTAL NON-CURRENT LIABILITIES	$475M
TOTAL LIABILITIES	$23.7B
Common Stock	$154M
Additional Paid-In Capital	$2.2B
Retained Earnings	$2.1B
Treasury Stock	-$1.7B
Accum. Other Comp. Income	$57M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$0
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$26.7B
Total Debt	$1.8B
Net Debt	$1.2B