First Western Financial, Inc. (MYFW) Income Statement
MYFW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMYFW revenue and net income
Where MYFW's revenue goes
2025Each bar shows an amount and its share of revenue. MYFW kept 7.1% of revenue as net income.
MYFW profit margins
MYFW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.8% | +13.5% | +12.6% | — |
| Gross profit | +11.8% | −2.8% | +1.4% | — |
| Operating income | +55.4% | −14.5% | −11.5% | — |
| Net income | +55.6% | −15.3% | −11.7% | +17.4% |
| EPS (diluted) | +55.2% | −16.8% | −15.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MYFW quarterly EPS vs estimates
First Western Financial beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.58).
MYFW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $186.3M | $177.8M | $165.4M | $127.5M | $101.0M | $103.1M | $76.9M | $65.3M | $60.4M | $59.4M |
| Cost of revenue | $88.5M | $90.3M | $84.8M | $21.0M | $6.6M | $11.9M | $13.7M | $8.4M | $6.5M | $6.0M |
| Gross profit | $97.8M | $87.5M | $80.6M | $106.6M | $94.4M | $91.1M | $63.2M | $56.9M | $53.9M | $53.4M |
| Research & development | — | — | — | — | — | — | — | $0 | — | — |
| Sales, general & admin | $53.6M | $49.2M | $49.4M | $52.6M | $44.1M | $37.8M | $37.9M | $35.2M | $34.2M | $33.5M |
| Total operating expenses | $79.8M | $75.9M | $73.5M | $77.7M | $67.1M | $58.1M | $53.1M | $49.5M | $48.8M | $49.8M |
| Operating income | $18.0M | $11.6M | $7.1M | $28.8M | $27.3M | $33.1M | $10.2M | $7.4M | $5.0M | $3.6M |
| Interest income | $159.2M | $152.2M | $138.8M | $100.1M | $61.9M | $53.3M | $45.1M | $38.8M | $33.3M | $29.5M |
| Interest expense | $84.4M | $88.3M | $74.5M | $17.3M | $5.4M | $7.2M | $13.0M | $8.2M | $5.8M | $5.1M |
| Income before taxes | $17.1M | $11.6M | $7.1M | $28.8M | $27.3M | $33.1M | $10.2M | $7.4M | $5.0M | $3.6M |
| Income taxes | $3.9M | $3.1M | $1.8M | $7.1M | $6.7M | $8.5M | $2.2M | $1.8M | $3.0M | $1.3M |
| Net income | $13.2M | $8.5M | $5.2M | $21.7M | $20.6M | $24.5M | $8.0M | $5.6M | $2.0M | $2.3M |
| EBITDA | $20.6M | $14.1M | $9.4M | $30.8M | $28.5M | $34.2M | $11.9M | $9.6M | $7.5M | $6.0M |
| EPS (diluted) | $1.35 | $0.87 | $0.99 | $2.34 | $2.88 | $3.11 | $1.16 | $0.42 | $0.26 | $0.46 |
| Gross margin | 52.5% | 49.2% | 48.7% | 83.6% | 93.4% | 88.4% | 82.2% | 87.2% | 89.2% | 89.8% |
| Operating margin | 9.7% | 6.5% | 4.3% | 22.6% | 27.0% | 32.1% | 13.3% | 11.4% | 8.3% | 6.0% |
| Net margin | 7.1% | 4.8% | 3.2% | 17.0% | 20.4% | 23.8% | 10.4% | 8.7% | 3.3% | 3.9% |
| 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 | $48.2M | $47.9M | $48.4M | $49.6M | $43.8M | $44.5M | $42.0M | $45.1M | $45.0M | $45.7M | $42.0M | $42.6M |
| Cost of revenue | $19.6M | $19.5M | $21.7M | $25.6M | $21.4M | $19.8M | $20.2M | $23.0M | $24.6M | $22.4M | $30.2M | $20.0M |
| Gross profit | $28.6M | $28.4M | $26.7M | $24.0M | $22.4M | $24.7M | $21.8M | $22.0M | $20.4M | $23.3M | $11.8M | $22.5M |
| Sales, general & admin | $13.4M | $15.0M | $18.4M | $12.2M | $11.3M | $11.7M | $14.5M | $11.8M | $11.3M | $11.5M | $13.1M | $11.3M |
| Total operating expenses | $21.2M | $20.3M | $21.3M | $20.1M | $19.1M | $19.4M | $17.9M | $19.4M | $19.0M | $19.7M | $16.2M | $18.3M |
| Operating income | $7.4M | $8.1M | $5.4M | $4.0M | $3.3M | $5.4M | $3.9M | $2.7M | $1.4M | $3.6M | −$4.4M | $4.2M |
| Interest income | $41.7M | $41.0M | $42.2M | $42.6M | $37.3M | $37.1M | $38.0M | $38.0M | $37.9M | $38.3M | $37.8M | $36.3M |
| Interest expense | $20.1M | $20.2M | $21.7M | $23.3M | $19.6M | $19.8M | $21.2M | $22.5M | $22.3M | $22.3M | $21.7M | $19.7M |
| Income before taxes | $7.4M | $8.1M | $4.4M | $4.0M | $3.3M | $5.4M | $3.9M | $2.7M | $1.4M | $3.6M | −$4.4M | $4.2M |
| Income taxes | $1.7M | $1.9M | $1.1M | $779,000 | $814,000 | $1.2M | $1.2M | $537,000 | $339,000 | $1.1M | −$1.1M | $1.1M |
| Net income | $5.7M | $6.2M | $3.3M | $3.2M | $2.5M | $4.2M | $2.7M | $2.1M | $1.1M | $2.5M | −$3.2M | $3.1M |
| EBITDA | $8.1M | $8.7M | $6.0M | $4.6M | $4.0M | $6.0M | $4.6M | $3.3M | $2.0M | $4.2M | −$3.7M | $4.8M |
| EPS (diluted) | $0.57 | $0.63 | $0.34 | $0.32 | $0.26 | $0.43 | $0.28 | $0.22 | $0.11 | $0.26 | $0.03 | $0.32 |
| Gross margin | 59.3% | 59.3% | 55.1% | 48.5% | 51.2% | 55.5% | 51.8% | 48.9% | 45.3% | 51.0% | 28.1% | 52.9% |
| Operating margin | 15.3% | 16.9% | 11.1% | 8.0% | 7.6% | 12.0% | 9.3% | 5.9% | 3.1% | 7.8% | −10.4% | 9.9% |
| Net margin | 11.9% | 13.0% | 6.8% | 6.4% | 5.7% | 9.4% | 6.5% | 4.7% | 2.4% | 5.5% | −7.7% | 7.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MYFW's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MYFW financial results
In fiscal year 2025 (ended December 31, 2025), First Western Financial reported revenue of $186.3 million, up 4.8% from the year before. It had net income of $13.2 million (up 55.6%), a net profit margin of 7.1%. Diluted earnings per share came to $1.35. Over five years revenue grew at an average rate of 12.6% a year.
See the MYFW stock overview for the latest quote and news, or the MYFW chart for price history and technical indicators.
MYFW income statement FAQ
What is First Western Financial's annual revenue?
First Western Financial reported total revenue of $186.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.8% from $177.8 million the previous year.
Is First Western Financial profitable?
Yes. First Western Financial reported net income of $13.2 million in fiscal 2025, a net profit margin of 7.1%; its operating margin was 9.7%.
What is First Western Financial's gross margin?
First Western Financial's gross margin was 52.5% in fiscal 2025: for every $100 of revenue, First Western Financial kept $52 after the direct cost of its products and services.
How fast is First Western Financial growing?
Revenue grew 12.6% a year on average over the last five fiscal years, from $103.1 million to $186.3 million.
What are First Western Financial's earnings per share?
First Western Financial earned $1.35 per diluted share in fiscal 2025, compared with $0.87 a year earlier.
When will First Western Financial report its next earnings?
First Western Financial is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does First Western Financial's fiscal year end?
First Western 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.