First Western Financial, Inc. (MYFW) Balance Sheet
MYFW balance sheet, 2025
December 31, 2025 · U.S. dollars$3.15B assets = $2.89B liabilities + $265.6M equity
Both columns are drawn to the same scale: what MYFW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MYFW financial health
Descriptive bands, not a rating. Fiscal 2025.
MYFW balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $916.0M2016 | $3.15B2025 | +14.7%/yr | |
| Total liabilities | $820.1M2016 | $2.89B2025 | +15.0%/yr | |
| Shareholders’ equity | $95.9M2016 | $265.6M2025 | +12.0%/yr | |
| Cash & short-term investments | $160.3M2016 | $245.9M2025 | +4.9%/yr | |
| Total debt | $57.6M2016 | $107.6M2025 | +7.2%/yr | |
| Net cash (debt) | $102.7M2016 | $138.3M2025 | +$35.6M | |
| Working capital | −$575.7M2016 | −$2.49B2025 | −$1.9B | |
| Book value per share | $12.722016 | $26.672025 | +8.6%/yr | |
| Debt / equity | 0.602016 | 0.412025 | −0.20 | |
| Shares outstanding | 7.5M2016 | 10.0M2025 | +3.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MYFW assets
MYFW liabilities and equity
MYFW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MYFW balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $245.9M | $236.0M | $254.4M | $196.5M | $441.7M | $192.7M | $137.5M | $117.1M | $63.2M | $160.3M |
| Cash & equivalents | $200.3M | $236.0M | $254.4M | $196.5M | $385.5M | $156.0M | $78.6M | $73.4M | $9.5M | $62.7M |
| Short-term investments | $45.6M | −$226.3M | $184.5M | $81.1M | $55.6M | $36.7M | $58.9M | $43.7M | $53.6M | $97.7M |
| Receivables | $15.8M | $20.8M | $21.0M | $17.3M | $14.4M | $12.9M | $9.3M | $8.7M | $20.1M | $18.0M |
| Inventory | $0 | $0 | −$275.4M | −$213.8M | −$401.5M | −$169.1M | −$92.1M | $658,000 | $658,000 | $2.8M |
| Other current assets | $0 | $0 | $275.4M | $213.8M | $401.5M | $169.1M | $92.1M | $0 | $0 | $0 |
| Total current assets | $261.7M | $256.9M | $275.4M | $213.8M | $456.1M | $205.6M | $146.8M | $125.8M | $83.3M | $178.3M |
| Property, plant & equipment (net) | $25.7M | $24.1M | $25.3M | $25.1M | $24.0M | $5.3M | $5.2M | $6.1M | $6.8M | $8.0M |
| Goodwill & intangible assets | $31.4M | $31.6M | $31.9M | $32.1M | $31.9M | $24.3M | $19.7M | $25.2M | $26.0M | $26.3M |
| Long-term investments | $147.3M | $81.6M | $81.3M | $88.2M | $58.8M | $1.72B | $59.5M | $47.4M | $55.2M | $99.4M |
| Other non-current assets | $2.69B | $2.52B | $2.56B | $2.51B | $1.96B | $19.7M | $1.02B | $879.8M | $798.4M | $604.0M |
| Total assets | $3.15B | $2.92B | $2.98B | $2.87B | $2.53B | $1.97B | $1.25B | $1.08B | $969.7M | $916.0M |
| Liabilities | ||||||||||
| Accounts payable | $1.3M | $2.0M | $3.8M | $1.1M | $355,000 | $453,000 | $299,000 | $231,000 | $197,000 | $160,000 |
| Short-term debt | — | $58.0M | $125.7M | $141.5M | $15.0M | $3.3M | $13.4M | $5.0M | $10.0M | $19.7M |
| Deferred revenue | — | — | −$3.8M | −$143.6M | −$14.6M | −$2.9M | −$13.1M | −$4.8M | −$18.4M | — |
| Total current liabilities | $2.75B | $2.52B | $2.53B | $2.41B | $2.21B | $1.62B | $299,000 | $938.0M | $816.3M | $754.1M |
| Long-term debt | $107.6M | $109.6M | $178.1M | $52.1M | $39.0M | $24.3M | $6.6M | $6.6M | $13.4M | $20.6M |
| Other long-term liabilities | $33.9M | $40.9M | $21.8M | $167.4M | $63.4M | $174.0M | $10.0M | $22.9M | $38.1M | $45.4M |
| Total liabilities | $2.89B | $2.67B | $2.73B | $2.63B | $2.31B | $1.82B | $1.12B | $967.4M | $867.8M | $820.1M |
| Shareholders' equity | ||||||||||
| Retained earnings (deficit) | $72.7M | $59.5M | $51.0M | $51.9M | $30.2M | $9.6M | −$15.0M | −$23.2M | −$27.3M | −$27.0M |
| Accumulated other comprehensive income | −$1.3M | −$778,000 | −$1.2M | −$1.5M | $223,000 | $680,000 | −$164,000 | −$1.3M | −$928,000 | −$799,000 |
| Total shareholders' equity | $265.6M | $252.3M | $242.7M | $240.9M | $219.0M | $155.0M | $127.7M | $116.9M | $101.8M | $95.9M |
| Key figures | ||||||||||
| Total debt | $107.6M | $109.6M | $178.1M | $199.0M | $77.7M | $173.9M | $20.0M | $21.6M | $42.0M | $57.6M |
| Net cash (debt) | $138.3M | $126.4M | $76.4M | −$2.5M | $364.0M | $18.8M | $117.5M | $95.5M | $21.2M | $102.7M |
| Working capital | −$2.49B | −$2.26B | −$2.26B | −$2.19B | −$1.75B | −$1.41B | $146.5M | −$812.2M | −$733.0M | −$575.7M |
| Tangible book value | $234.1M | $220.7M | $210.9M | $208.8M | $187.1M | $130.7M | $108.0M | $91.7M | $75.8M | $69.7M |
| Book value per share | $26.67 | $25.83 | $24.96 | $24.80 | $26.60 | $19.46 | $16.13 | $17.30 | $13.50 | $12.72 |
| Shares outstanding | 10.0M | 9.8M | 9.7M | 9.7M | 8.2M | 8.0M | 7.9M | 6.8M | 7.5M | 7.5M |
| Current ratio | 0.10 | 0.10 | 0.11 | 0.09 | 0.21 | 0.13 | 491.08 | 0.13 | 0.10 | 0.24 |
| Quick ratio | 0.10 | 0.10 | 0.11 | 0.09 | 0.21 | 0.13 | 491.08 | 0.13 | 0.10 | 0.24 |
| Debt / equity | 0.41 | 0.43 | 0.73 | 0.83 | 0.35 | 1.12 | 0.16 | 0.18 | 0.41 | 0.60 |
| Equity / assets | 8.4% | 8.6% | 8.2% | 8.4% | 8.7% | 7.9% | 10.2% | 10.8% | 10.5% | 10.5% |
| 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 | $103.9M | $306.0M | $245.9M | $355.6M | $232.3M | $271.6M | $236.0M | $276.2M | $245.8M | $257.9M | $254.4M | $271.5M |
| Cash & equivalents | $14.3M | $264.1M | $200.3M | $355.6M | $232.3M | $271.6M | $236.0M | $276.2M | $245.8M | $257.9M | $254.4M | $271.5M |
| Short-term investments | $89.6M | $41.9M | $45.6M | $49.2M | — | — | −$226.3M | −$257.2M | — | — | — | — |
| Receivables | $16.3M | $17.0M | $15.8M | $20.3M | $20.1M | $19.7M | $20.8M | $25.7M | $21.3M | $22.2M | $21.0M | $20.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$339.0M | −$15.0M | −$280.0M | −$273.4M | −$291.5M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $339.0M | $15.0M | $280.0M | $273.4M | $291.5M |
| Total current assets | $120.2M | $323.0M | $261.7M | $376.0M | $252.4M | $291.3M | $256.9M | $301.9M | $267.1M | $280.0M | $275.4M | $291.5M |
| Property, plant & equipment (net) | $25.6M | $25.7M | $25.7M | $25.0M | $24.5M | $24.6M | $24.1M | $24.4M | $24.7M | $24.9M | $25.3M | $25.4M |
| Goodwill & intangible assets | $31.3M | $31.4M | $31.4M | $31.5M | $31.5M | $31.6M | $31.6M | $31.7M | $31.7M | $31.8M | $31.9M | $31.9M |
| Long-term investments | $212.1M | $143.4M | $147.3M | $153.9M | $111.1M | $79.7M | $81.6M | $82.5M | $89.7M | $76.8M | $81.3M | $86.8M |
| Other non-current assets | $2.85B | $2.72B | $2.69B | $2.65B | $2.61B | $2.48B | $2.52B | $2.47B | $2.52B | $2.52B | $2.56B | $2.57B |
| Total assets | $3.24B | $3.24B | $3.15B | $3.24B | $3.03B | $2.91B | $2.92B | $2.91B | $2.94B | $2.93B | $2.98B | $3.00B |
| Liabilities | ||||||||||||
| Accounts payable | $1.2M | $1.6M | $1.3M | $1.7M | $1.4M | $2.4M | $2.0M | $3.3M | $2.2M | $2.4M | $3.8M | $3.2M |
| Short-term debt | $36.4M | — | — | $50.5M | $163.3M | $52.1M | $58.0M | $60.9M | $180.5M | $69.0M | $125.7M | $225.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$2.2M | −$2.4M | −$3.8M | −$222.7M |
| Total current liabilities | $2.88B | $2.84B | $2.75B | $2.85B | $2.53B | $2.52B | $2.52B | $2.51B | $2.41B | $2.53B | $2.53B | $2.42B |
| Long-term debt | $81.3M | $94.8M | $107.6M | $95.6M | $208.1M | $96.2M | $109.6M | $114.9M | $244.0M | $121.9M | $178.1M | $312.2M |
| Other long-term liabilities | $0 | $29.3M | $33.9M | $32.7M | $29.3M | $35.7M | $40.9M | $41.8M | $33.6M | $30.4M | $21.8M | $21.1M |
| Total liabilities | $2.96B | $2.97B | $2.89B | $2.98B | $2.77B | $2.65B | $2.67B | $2.66B | $2.69B | $2.69B | $2.73B | $2.76B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | — | — | — | $245.5M | — | $246.3M |
| Retained earnings (deficit) | $84.6M | $78.9M | $72.7M | $69.4M | $66.2M | $63.7M | $59.5M | $56.8M | $54.6M | $53.6M | $51.0M | $54.3M |
| Accumulated other comprehensive income | $911,000 | −$238,000 | −$1.3M | −$1.6M | −$754,000 | −$811,000 | −$778,000 | −$1.2M | −$649,000 | −$753,000 | −$1.2M | −$578,000 |
| Total shareholders' equity | $280.6M | $273.4M | $265.6M | $261.5M | $258.8M | $256.6M | $252.3M | $248.8M | $246.9M | $245.5M | $242.7M | $246.3M |
| Key figures | ||||||||||||
| Total debt | $81.3M | $94.8M | $107.6M | $95.6M | $208.1M | $96.2M | $109.6M | $114.9M | $244.0M | $121.9M | $178.1M | $312.2M |
| Net cash (debt) | $22.6M | $211.2M | $138.3M | $260.0M | $24.2M | $175.3M | $126.4M | $161.3M | $1.8M | $136.0M | $76.4M | −$40.7M |
| Working capital | −$2.76B | −$2.52B | −$2.49B | −$2.47B | −$2.28B | −$2.23B | −$2.26B | −$2.20B | −$2.15B | −$2.25B | −$2.26B | −$2.13B |
| Tangible book value | $249.3M | $242.0M | $234.1M | $230.0M | $227.3M | $225.0M | $220.7M | $217.1M | $215.1M | $213.7M | $210.9M | $214.3M |
| Book value per share | $28.18 | $27.46 | $26.67 | $26.27 | $26.39 | $26.18 | $25.76 | $25.32 | $25.32 | $25.28 | $24.92 | $25.27 |
| Shares outstanding | 10.0M | 10.0M | 10.0M | 10.0M | 9.8M | 9.8M | 9.8M | 9.8M | 9.8M | 9.7M | 9.7M | 9.7M |
| Current ratio | 0.04 | 0.11 | 0.10 | 0.13 | 0.10 | 0.12 | 0.10 | 0.12 | 0.11 | 0.11 | 0.11 | 0.12 |
| Quick ratio | 0.04 | 0.11 | 0.10 | 0.13 | 0.10 | 0.12 | 0.10 | 0.12 | 0.11 | 0.11 | 0.11 | 0.12 |
| Debt / equity | 0.29 | 0.35 | 0.41 | 0.37 | 0.80 | 0.38 | 0.43 | 0.46 | 0.99 | 0.50 | 0.73 | 1.27 |
| Equity / assets | 8.7% | 8.4% | 8.4% | 8.1% | 8.6% | 8.8% | 8.6% | 8.5% | 8.4% | 8.4% | 8.2% | 8.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
MYFW financial position
At the end of fiscal 2025 (December 31, 2025), First Western Financial had total assets of $3.2 billion (up 8.1% from a year earlier), total liabilities of $2.9 billion and shareholders' equity of $265.6 million. It held $245.9 million in cash and short-term investments against $107.6 million of debt, a net cash position of $138.3 million. Its current ratio was 0.10. In the latest quarter (ended June 30, 2026) total assets were $3.2 billion and equity $280.6 million.
Related: MYFW income statement, MYFW cash flow statement, MYFW key metrics. See the MYFW stock overview for the latest quote and news.
MYFW balance sheet FAQ
What are First Western Financial's total assets?
First Western Financial reported total assets of $3.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.9 billion a year earlier.
How much debt does First Western Financial have?
First Western Financial had $107.6 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.41.
How much cash does First Western Financial have?
First Western Financial held $245.9 million in cash and short-term investments at the end of fiscal 2025; with $107.6 million of debt that is net cash of $138.3 million.
What is First Western Financial's book value?
First Western Financial's shareholders' equity (book value) was $265.6 million at the end of fiscal 2025, or $26.67 per share.
What is First Western Financial's current ratio?
First Western Financial had current assets of $261.7 million and current liabilities of $2.7 billion, a current ratio of 0.10 (current liabilities exceed current assets).
How much goodwill does First Western Financial have?
First Western Financial carried $31.4 million of goodwill and intangible assets, 1.0% of total assets, at the end of fiscal 2025.