Flagstar Financial, Inc. (FLG) Income Statement
FLG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFLG revenue and net income
Where FLG's revenue goes
2025Each bar shows an amount and its share of revenue. FLG kept −3.8% of revenue as net income.
FLG profit margins
FLG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −26.5% | +29.2% | +21.6% | +9.5% |
| Gross profit | +18.4% | +9.4% | +10.0% | +10.9% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FLG quarterly EPS vs estimates
Flagstar Financial beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 23, 2026 (estimate $0.06).
FLG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.70B | $6.38B | $6.05B | $2.18B | $1.75B | $1.77B | $1.89B | $1.78B | $1.82B | $1.83B |
| Cost of revenue | $2.93B | $4.89B | $3.25B | $829.0M | $403.0M | $670.0M | $855.0M | $676.9M | $489.5M | $391.7M |
| Gross profit | $1.77B | $1.49B | $2.80B | $1.35B | $1.35B | $1.10B | $1.03B | $1.10B | $1.33B | $1.43B |
| Sales, general & admin | $1.18B | $2.38B | $1.90B | $512.0M | $430.0M | $425.0M | $422.0M | $446.5M | $561.2M | $545.7M |
| Total operating expenses | $1.96B | $2.87B | $2.85B | $523.0M | $541.0M | $511.0M | $511.0M | $546.6M | $660.4M | $657.8M |
| Operating income | −$198.0M | −$1.38B | −$50.0M | $826.0M | $806.0M | $588.0M | $523.0M | $557.7M | $668.2M | $777.1M |
| Interest income | $4.47B | $5.95B | $5.49B | $2.09B | $1.69B | $1.71B | — | — | — | — |
| Interest expense | $2.75B | $3.80B | $2.41B | $696.0M | $400.0M | $608.0M | $848.0M | $658.7M | $452.2M | $387.5M |
| Income before taxes | −$198.0M | −$1.38B | −$50.0M | $826.0M | $806.0M | $588.0M | $523.0M | $557.7M | $668.2M | $777.1M |
| Income taxes | −$21.0M | −$260.0M | $29.0M | $176.0M | $210.0M | $77.0M | $128.0M | $135.3M | $202.0M | $281.7M |
| Net income | −$177.0M | −$1.12B | −$79.0M | $650.0M | $596.0M | $511.0M | $395.0M | $422.4M | $466.2M | $495.4M |
| EBITDA | −$50.0M | −$1.19B | $115.0M | $849.0M | $827.0M | $612.0M | $550.0M | $590.0M | $701.2M | $812.3M |
| EPS (diluted) | −$0.43 | −$2.83 | $2.37 | $3.69 | $3.72 | $2.71 | $2.34 | $2.37 | $2.14 | $3.11 |
| Gross margin | 37.6% | 23.4% | 46.3% | 61.9% | 77.0% | 62.1% | 54.7% | 62.0% | 73.1% | 78.6% |
| Operating margin | −4.2% | −21.6% | −0.8% | 37.9% | 46.1% | 33.2% | 27.7% | 31.3% | 36.8% | 42.5% |
| Net margin | −3.8% | −17.5% | −1.3% | 29.8% | 34.1% | 28.9% | 20.9% | 23.7% | 25.6% | 27.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.04B | $1.11B | $1.16B | $1.22B | $1.24B | $1.43B | $1.65B | $1.66B | $1.64B | $1.58B | $1.67B |
| Cost of revenue | $554.0M | $541.0M | $594.0M | $714.0M | $788.0M | $833.0M | $1.04B | $1.27B | $1.38B | $1.20B | $1.26B | $692.0M |
| Gross profit | $498.0M | $498.0M | $520.0M | $447.0M | $432.0M | $411.0M | $391.0M | $381.0M | $281.0M | $439.0M | $326.0M | $980.0M |
| Sales, general & admin | $63.0M | $278.0M | $300.0M | $278.0M | $419.0M | $441.0M | $628.0M | $602.0M | $586.0M | $569.0M | $549.0M | $530.0M |
| Total operating expenses | $450.0M | $466.0M | $475.0M | $488.0M | $513.0M | $532.0M | $629.0M | $716.0M | $705.0M | $820.0M | $3.14B | $712.0M |
| Operating income | $48.0M | $32.0M | $45.0M | −$41.0M | −$81.0M | −$121.0M | −$238.0M | −$335.0M | −$424.0M | −$381.0M | −$2.82B | $268.0M |
| Interest income | $976.0M | $984.0M | $1.06B | $1.10B | $1.14B | $1.16B | $1.36B | $1.53B | $1.55B | $1.51B | $1.45B | $1.51B |
| Interest expense | $536.0M | $541.0M | $591.0M | $676.0M | $724.0M | $754.0M | $897.0M | $1.02B | $991.0M | $889.0M | $707.0M | $630.0M |
| Income before taxes | $48.0M | $32.0M | $45.0M | −$41.0M | −$81.0M | −$121.0M | −$238.0M | −$335.0M | −$424.0M | −$381.0M | −$2.82B | $268.0M |
| Income taxes | $14.0M | $11.0M | $16.0M | −$5.0M | −$11.0M | −$21.0M | −$50.0M | −$55.0M | −$101.0M | −$54.0M | −$112.0M | $61.0M |
| Net income | $34.0M | $21.0M | $29.0M | −$36.0M | −$70.0M | −$100.0M | −$188.0M | −$280.0M | −$323.0M | −$327.0M | −$2.71B | $207.0M |
| EBITDA | $116.0M | $67.0M | $80.0M | −$4.0M | −$44.0M | −$82.0M | −$193.0M | −$286.0M | −$380.0M | −$335.0M | −$2.77B | $315.0M |
| EPS (diluted) | $0.05 | $0.04 | $0.06 | −$0.07 | −$0.19 | −$0.23 | −$0.34 | −$0.69 | −$1.05 | −$0.75 | −$0.81 | $1.08 |
| Gross margin | 47.3% | 47.9% | 46.7% | 38.5% | 35.4% | 33.0% | 27.3% | 23.1% | 16.9% | 26.7% | 20.6% | 58.6% |
| Operating margin | 4.6% | 3.1% | 4.0% | −3.5% | −6.6% | −9.7% | −16.6% | −20.3% | −25.5% | −23.2% | −177.7% | 16.0% |
| Net margin | 3.2% | 2.0% | 2.6% | −3.1% | −5.7% | −8.0% | −13.1% | −17.0% | −19.4% | −19.9% | −170.7% | 12.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FLG's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FLG financial results
In fiscal year 2025 (ended December 31, 2025), Flagstar Financial reported revenue of $4.7 billion, down 26.5% from the year before. It had a net loss of $177.0 million, a net profit margin of −3.8%. Diluted earnings per share came to −$0.43. Over five years revenue grew at an average rate of 21.6% a year.
See the FLG stock overview for the latest quote and news, or the FLG chart for price history and technical indicators.
FLG income statement FAQ
What is Flagstar Financial's annual revenue?
Flagstar Financial reported total revenue of $4.7 billion for fiscal year 2025, which ended on December 31, 2025. That was down 26.5% from $6.4 billion the previous year.
Is Flagstar Financial profitable?
No. Flagstar Financial reported a net loss of $177.0 million in fiscal 2025, a net profit margin of −3.8%; its operating margin was −4.2%.
What is Flagstar Financial's gross margin?
Flagstar Financial's gross margin was 37.6% in fiscal 2025: for every $100 of revenue, Flagstar Financial kept $38 after the direct cost of its products and services.
How fast is Flagstar Financial growing?
Revenue grew 21.6% a year on average over the last five fiscal years, from $1.8 billion to $4.7 billion.
What are Flagstar Financial's earnings per share?
Flagstar Financial earned $-0.43 per diluted share in fiscal 2025, compared with $-2.83 a year earlier.
When will Flagstar Financial report its next earnings?
Flagstar Financial is expected to report results for the quarter ending September 30, 2026 on October 23, 2026 before the market opens.
When does Flagstar Financial's fiscal year end?
Flagstar Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.