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

Waterstone Financial, Inc.WSBF

FY 2025 Earnings

Reported February 26, 2026

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	$202M	—	$199M	—	1.1%
Op. Income	$33M	—	$24M	—	39.3%
Gross Margin	71.2%	—	66.5%	—	4.8pp
Net Margin	13.1%	—	9.4%	—	3.7pp
EPS (Diluted)	$1.48	—	$1.01	—	46.5%
Free Cash Flow	$18M	—	$47M	—	-62.0%

Revenue Flow

Item	Amount
REVENUE	$202M
Cost of Revenue	$58M
GROSS PROFIT	$144M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$3M
SG&A Expenses	$6M
Other Expenses	$104M
Operating Expenses	$110M
Cost & Expenses	$168M
OPERATING INCOME	$33M
Interest Income	$116M
Interest Expense	$59M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$7M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$0
EBIT	$33M
EBITDA	$33M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$202M
Cost of Revenue	$58M
GROSS PROFIT	$144M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$3M
SG&A Expenses	$6M
Other Expenses	$104M
Operating Expenses	$110M
Cost & Expenses	$168M
OPERATING INCOME	$33M
Interest Income	$116M
Interest Expense	$59M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$7M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$0
EBIT	$33M
EBITDA	$33M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$13M
Change in Working Capital	$6M
OPERATING CASH FLOW	$19M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	-$34M
Common Stock Repurchased	-$16M
Common Dividends Paid	-$11M
Other Financing Activities	$75M
NET CASH FROM FINANCING	$16M
FREE CASH FLOW	$18M
Net Change in Cash	$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$64M
Short-Term Investments	$231M
Net Receivables	$1.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.9B
Tax Assets	$0
Other Non-Current Assets	-$1.9B
TOTAL NON-CURRENT ASSETS	$19M
TOTAL ASSETS	$2.3B
Account Payables	$0
Short-Term Debt	$222M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$222M
Long-Term Debt	$190M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$1.9B
Common Stock	$184.0K
Additional Paid-In Capital	$78M
Retained Earnings	$293M
Treasury Stock	$0
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$349M
Minority Interest	$0
TOTAL EQUITY	$349M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$412M
Net Debt	$349M