FinWise Bancorp (FINW) Balance Sheet
FINW balance sheet, 2025
December 31, 2025 · U.S. dollars$977.1M assets = $783.9M liabilities + $193.2M equity
Both columns are drawn to the same scale: what FINW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FINW financial health
Descriptive bands, not a rating. Fiscal 2025.
FINW balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $177.1M2019 | $977.1M2025 | +32.9%/yr | |
| Total liabilities | $144.0M2019 | $783.9M2025 | +32.6%/yr | |
| Shareholders’ equity | $33.1M2019 | $193.2M2025 | +34.2%/yr | |
| Cash & short-term investments | $34.8M2019 | $163.4M2025 | +29.4%/yr | |
| Total debt | $101.0M2020 | $4.4M2025 | −46.5%/yr | |
| Net cash (debt) | −$53.6M2020 | $159.0M2025 | +$212.6M | |
| Working capital | −$106.5M2019 | −$590.9M2025 | −$484.4M | |
| Book value per share | $2.702019 | $14.242025 | +31.9%/yr | |
| Debt / equity | 2.202020 | 0.022025 | −2.18 | |
| Shares outstanding | 12.2M2019 | 13.6M2025 | +1.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FINW assets
FINW liabilities and equity
FINW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FINW balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $163.4M | $106.1M | $117.0M | $100.6M | $85.8M | $47.4M | $34.8M |
| Cash & equivalents | $163.4M | $106.1M | $117.0M | $100.6M | $85.8M | $47.4M | $34.8M |
| Short-term investments | $27.8M | $3.1M | $148.9M | $4.8M | $11.4M | — | — |
| Receivables | $3.7M | $82.6M | $44.1M | $11.1M | $1.5M | $1.6M | $943,000 |
| Inventory | $0 | $0 | −$361.7M | $26.5M | −$87.3M | −$49.0M | −$35.7M |
| Other current assets | $0 | $0 | $361.7M | $0 | $87.3M | $49.0M | $35.7M |
| Total current assets | $167.1M | $188.6M | $161.1M | $111.6M | $87.3M | $49.0M | $35.7M |
| Property, plant & equipment (net) | $18.1M | $19.9M | $18.9M | $14.5M | $3.3M | $1.3M | $926,000 |
| Goodwill & intangible assets | $3.5M | $3.3M | $255.0M | $5.2M | $3.9M | $2.4M | $2.0M |
| Long-term investments | $9.0M | $7.7M | $19.6M | $19.1M | $17.4M | $5.6M | $3.9M |
| Other non-current assets | $779.4M | $526.5M | $131.7M | $250.3M | $268.3M | $259.2M | $134.5M |
| Total assets | $977.1M | $746.0M | $586.2M | $400.8M | $380.2M | $317.5M | $177.1M |
| Liabilities | |||||||
| Accounts payable | $2.6M | $1.5M | $619,000 | $54,000 | $48,000 | $195,000 | $64,000 |
| Short-term debt | $4.4M | $5.3M | $1.1M | $7.0M | — | — | — |
| Deferred revenue | — | — | −$619,000 | — | — | — | — |
| Total current liabilities | $758.0M | $546.4M | $407.3M | $243.1M | $252.2M | $165.4M | $142.3M |
| Long-term debt | $0 | $64,000 | $190,000 | $314,000 | $1.1M | $101.0M | $0 |
| Lease obligations | $4.4M | $5.3M | $6.3M | $8.4M | — | — | — |
| Other long-term liabilities | $25.9M | $25.7M | $23.6M | $17.0M | $11.5M | $5.3M | $1.7M |
| Total liabilities | $783.9M | $572.3M | $431.2M | $260.3M | $264.8M | $271.6M | $144.0M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $14,000 | $13,000 | $12,000 | $13,000 | $13,000 | $9,000 | $9,000 |
| Retained earnings (deficit) | $132.2M | $116.6M | $103.8M | $85.8M | $60.6M | $29.0M | $17.8M |
| Accumulated other comprehensive income | $26,000 | $187,000 | $0 | — | $0 | $0 | $0 |
| Total shareholders' equity | $193.2M | $173.7M | $155.1M | $140.5M | $115.4M | $45.9M | $33.1M |
| Key figures | |||||||
| Total debt | $4.4M | $5.4M | $6.5M | $7.3M | $1.1M | $101.0M | — |
| Net cash (debt) | $159.0M | $100.7M | $110.5M | $93.2M | $84.7M | −$53.6M | — |
| Working capital | −$590.9M | −$357.8M | −$246.3M | −$131.4M | −$164.9M | −$116.4M | −$106.5M |
| Tangible book value | $189.6M | $170.4M | −$99.9M | $135.2M | $111.5M | $43.5M | $31.1M |
| Book value per share | $14.24 | $13.13 | $12.01 | $10.52 | $12.67 | $3.85 | $2.70 |
| Shares outstanding | 13.6M | 13.2M | 12.9M | 13.4M | 9.1M | 11.9M | 12.2M |
| Current ratio | 0.22 | 0.35 | 0.40 | 0.46 | 0.35 | 0.30 | 0.25 |
| Quick ratio | 0.22 | 0.35 | 0.40 | 0.46 | 0.35 | 0.30 | 0.25 |
| Debt / equity | 0.02 | 0.03 | 0.04 | 0.05 | 0.01 | 2.20 | — |
| Equity / assets | 19.8% | 23.3% | 26.5% | 35.0% | 30.4% | 14.4% | 18.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $6.1M | $96.9M | $163.4M | $105.6M | $90.1M | $150.4M | $106.1M | $116.2M | $89.0M | $115.8M | $117.0M | $126.8M |
| Cash & equivalents | $6.1M | $96.9M | $163.4M | $105.6M | $90.1M | $120.3M | $106.1M | $85.8M | $89.0M | $115.8M | $117.0M | $126.8M |
| Short-term investments | $27.5M | $27.6M | $27.8M | $27.8M | $30.1M | $30.1M | $29.9M | $30.5M | $13.9M | $14.8M | −$117.4M | $15.8M |
| Receivables | $3.7M | $3.6M | $3.7M | $95.7M | $95.4M | $82.9M | $82.6M | $69.5M | $62.0M | $52.5M | $44.1M | $3.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$94.5M | −$496.3M | −$5.6M | −$130.6M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $94.5M | $496.3M | $5.6M | $130.6M |
| Total current assets | $6.1M | $100.5M | $167.1M | $201.3M | $185.5M | $233.3M | $188.6M | $185.7M | $151.0M | $168.3M | $161.1M | $130.6M |
| Property, plant & equipment (net) | $11.1M | $11.7M | $18.1M | $19.2M | $20.6M | $17.4M | $19.9M | $20.8M | $19.6M | $19.2M | $18.9M | $18.7M |
| Goodwill & intangible assets | $0 | $0 | $3.5M | $0 | $3.2M | $3.3M | $3.3M | $3.3M | $3.7M | $4.1M | $255.0M | $4.4M |
| Long-term investments | $8.6M | $8.8M | $9.0M | $8.6M | $8.4M | $38.2M | $7.7M | $51.6M | $21.9M | $23.0M | $19.6M | $19.8M |
| Other non-current assets | $899.5M | $778.4M | $779.4M | $670.8M | $624.7M | $511.8M | $526.5M | $421.6M | $421.6M | $396.2M | $131.7M | $381.5M |
| Total assets | $925.3M | $899.4M | $977.1M | $899.9M | $842.5M | $804.1M | $746.0M | $683.0M | $617.8M | $610.8M | $586.2M | $555.1M |
| Liabilities | ||||||||||||
| Accounts payable | $2.4M | $2.2M | $2.6M | $4.5M | $3.7M | $2.8M | $1.5M | $647,000 | $601,000 | $588,000 | $619,000 | $581,000 |
| Short-term debt | — | — | $4.4M | $1.2M | $5.0M | $889,000 | $1.1M | $1.1M | $538,000 | $825,000 | $1.1M | $6.5M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$601,000 | −$588,000 | −$619,000 | −$6.0M |
| Total current liabilities | $696.2M | $677.1M | $758.0M | $686.8M | $638.9M | $608.5M | $546.4M | $489.3M | $429.8M | $424.7M | $407.3M | $387.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $64,000 | $106,000 | $127,000 | $158,000 | $190,000 | $221,000 |
| Lease obligations | — | — | $4.4M | $4.7M | $5.0M | $5.2M | $5.3M | $5.5M | $5.8M | $6.0M | $6.3M | $6.5M |
| Other long-term liabilities | $726.1M | $25.7M | $25.9M | $25.3M | $21.6M | $18.3M | $25.7M | $23.2M | $22.1M | $23.5M | $23.6M | $17.1M |
| Total liabilities | $726.1M | $702.8M | $783.9M | $712.2M | $660.5M | $626.8M | $572.3M | $512.7M | $452.0M | $448.4M | $431.2M | $404.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $14,000 | $14,000 | $14,000 | $14,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $12,000 | $12,000 |
| Retained earnings (deficit) | $136.8M | $134.8M | $132.2M | $128.3M | $123.8M | $119.8M | $116.6M | $113.8M | $110.3M | $107.2M | $103.8M | $99.7M |
| Accumulated other comprehensive income | $14,000 | $44,000 | $26,000 | $52,000 | $2,000 | $19,000 | $187,000 | $342,000 | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $199.2M | $196.6M | $193.2M | $187.8M | $182.0M | $177.4M | $173.7M | $170.4M | $165.8M | $162.5M | $155.1M | $150.4M |
| Key figures | ||||||||||||
| Total debt | — | — | $4.4M | $4.7M | $5.0M | $5.2M | $5.4M | $5.6M | $5.9M | $6.2M | $6.5M | $6.5M |
| Net cash (debt) | — | — | $159.0M | $100.9M | $85.1M | $145.2M | $100.7M | $110.6M | $83.1M | $109.6M | $110.5M | $120.2M |
| Working capital | −$690.1M | −$576.6M | −$590.9M | −$485.5M | −$453.4M | −$375.2M | −$357.8M | −$303.6M | −$278.8M | −$256.4M | −$246.3M | −$256.7M |
| Tangible book value | $199.2M | $196.6M | $189.6M | $187.8M | $178.7M | $174.0M | $170.4M | $167.1M | $162.1M | $158.4M | −$99.9M | $146.0M |
| Book value per share | $14.57 | $14.41 | $14.17 | $13.79 | $13.51 | $13.15 | $12.97 | $12.85 | $12.65 | $12.46 | $12.16 | $11.69 |
| Shares outstanding | 13.7M | 13.6M | 13.6M | 13.6M | 13.5M | 13.5M | 13.4M | 13.3M | 13.1M | 13.0M | 12.8M | 12.9M |
| Current ratio | 0.01 | 0.15 | 0.22 | 0.29 | 0.29 | 0.38 | 0.35 | 0.38 | 0.35 | 0.40 | 0.40 | 0.34 |
| Quick ratio | 0.01 | 0.15 | 0.22 | 0.29 | 0.29 | 0.38 | 0.35 | 0.38 | 0.35 | 0.40 | 0.40 | 0.34 |
| Debt / equity | — | — | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| Equity / assets | 21.5% | 21.9% | 19.8% | 20.9% | 21.6% | 22.1% | 23.3% | 24.9% | 26.8% | 26.6% | 26.5% | 27.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 23, 2026); data from EODHD.
FINW financial position
At the end of fiscal 2025 (December 31, 2025), FinWise Bancorp had total assets of $977.1 million (up 31.0% from a year earlier), total liabilities of $783.9 million and shareholders' equity of $193.2 million. It held $163.4 million in cash and short-term investments against $4.4 million of debt, a net cash position of $159.0 million. Its current ratio was 0.22. In the latest quarter (ended June 30, 2026) total assets were $925.3 million and equity $199.2 million.
Related: FINW income statement, FINW cash flow statement, FINW key metrics. See the FINW stock overview for the latest quote and news.
FINW balance sheet FAQ
What are FinWise Bancorp's total assets?
FinWise Bancorp reported total assets of $977.1 million at the end of fiscal 2025 (December 31, 2025), compared with $746.0 million a year earlier.
How much debt does FinWise Bancorp have?
FinWise Bancorp had $4.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does FinWise Bancorp have?
FinWise Bancorp held $163.4 million in cash and short-term investments at the end of fiscal 2025; with $4.4 million of debt that is net cash of $159.0 million.
What is FinWise Bancorp's book value?
FinWise Bancorp's shareholders' equity (book value) was $193.2 million at the end of fiscal 2025, or $14.24 per share.
What is FinWise Bancorp's current ratio?
FinWise Bancorp had current assets of $167.1 million and current liabilities of $758.0 million, a current ratio of 0.22 (current liabilities exceed current assets).
How much goodwill does FinWise Bancorp have?
FinWise Bancorp carried $3.5 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.