FinWise Bancorp (FINW) Key Metrics
FINW valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $148.3M
- Enterprise value
- $62.6M
- P/E (TTM)
- 11.1 10-yr median 10.6
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 1.3 10-yr median 1.6
- Price / book
- 0.8 10-yr median 1.2
- EV / EBITDA
- — 10-yr median 2.7
- Dividend yield
- —
- Beta
- 0.73
FINW key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFINW valuation Price multiples at each fiscal year-end price.
FINW returns How much profit the business earns on the capital it uses.
FINW per-share figures Results divided by the shares outstanding at year-end.
FINW financial health Debt, liquidity and how easily interest is covered.
FINW efficiency & capital use Working capital cycle and where the cash goes.
FINW valuation history
FINW returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FINW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FINW cash returned to shareholders
FINW price vs earnings per share
FINW key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $243.4M | $211.4M | $184.7M | $123.7M | $125.6M | — | — |
| Enterprise value | $84.4M | $110.7M | $74.3M | $30.5M | $40.9M | — | — |
| P/E ratio | 15.1 | 16.6 | 10.6 | 4.9 | 4.0 | — | — |
| Price / sales | 1.6 | 2.2 | 2.1 | 1.4 | 1.5 | — | — |
| Price / book | 1.3 | 1.2 | 1.2 | 0.9 | 1.1 | — | — |
| Price / free cash flow | — | — | 38.4 | 2.3 | — | — | — |
| Price / operating cash flow | — | — | 15.1 | 2.0 | — | — | — |
| EV / sales | 0.6 | 1.1 | 0.9 | 0.3 | 0.5 | — | — |
| EV / EBITDA | 3.2 | 5.0 | 2.7 | 0.8 | 0.9 | — | — |
| EV / free cash flow | — | — | 15.4 | 0.6 | — | — | — |
| Earnings yield | 6.6% | 6.0% | 9.5% | 20.3% | 25.1% | — | — |
| Free cash flow yield | −14.0% | −9.4% | 2.6% | 43.6% | −9.2% | — | — |
| Dividend yield | — | — | 0.0% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.2% | 2.6% | 0.9% | 0.0% | — | — |
| Share price at fiscal year-end | $17.94 | $15.98 | $14.31 | $9.26 | $13.79 | — | — |
| Per share | |||||||
| Revenue per share | $11.13 | $7.37 | $6.71 | $6.75 | $8.90 | $3.67 | $2.88 |
| Earnings per share | $1.19 | $0.96 | $1.35 | $1.88 | $3.47 | $0.94 | $0.79 |
| Operating cash flow per share | −$2.10 | −$1.13 | $0.95 | $4.58 | −$1.01 | $1.64 | −$0.64 |
| Free cash flow per share | −$2.52 | −$1.50 | $0.37 | $4.04 | −$1.27 | $1.59 | −$0.69 |
| Cash per share | $12.05 | $8.02 | $9.06 | $7.53 | $9.42 | $3.97 | $2.84 |
| Book value per share | $14.24 | $13.13 | $12.01 | $10.52 | $12.67 | $3.85 | $2.70 |
| Tangible book value per share | $13.98 | $12.88 | −$7.74 | $10.13 | $12.24 | $3.64 | $2.54 |
| Dividends per share | — | — | $0.00 | — | — | $0.01 | — |
| Capex per share | $0.43 | $0.37 | $0.58 | $0.54 | $0.26 | $0.05 | $0.04 |
| Debt per share | $0.32 | $0.41 | $0.50 | $0.55 | $0.12 | $8.47 | — |
| Shares outstanding | 13.6M | 13.2M | 12.9M | 13.4M | 9.1M | 11.9M | 12.2M |
| Change in shares outstanding | +2.5% | +2.5% | −3.3% | +46.7% | −23.6% | −2.6% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 8.8% | 7.8% | 11.8% | 19.6% | 39.2% | 28.4% | 29.2% |
| Return on invested capital (ROIC) | 30.0% | 21.7% | 38.0% | 64.4% | 48.5% | 22.9% | — |
| Return on assets (ROA) | 1.9% | 1.9% | 3.5% | 6.4% | 9.1% | 4.5% | 5.5% |
| Return on tangible assets | 1.7% | 1.7% | 5.3% | 6.3% | 8.4% | 3.6% | 5.5% |
| Free cash flow margin | −22.6% | −20.4% | 5.6% | 59.8% | −14.3% | 43.3% | −23.9% |
| Income quality (OCF / net income) | −1.77 | −1.18 | 0.70 | 2.43 | −0.29 | 1.75 | −0.82 |
| Financial health | |||||||
| Total debt | $4.4M | $5.4M | $6.5M | $7.3M | $1.1M | $101.0M | — |
| Cash & short-term investments | $163.4M | $106.1M | $117.0M | $100.6M | $85.8M | $47.4M | $34.8M |
| Net debt | −$159.0M | −$100.7M | −$110.5M | −$93.2M | −$84.7M | $53.6M | −$34.8M |
| Debt / equity | 0.02 | 0.03 | 0.04 | 0.05 | 0.01 | 2.20 | — |
| Debt / assets | 0.00 | 0.01 | 0.01 | 0.02 | 0.00 | 0.32 | — |
| Net debt / EBITDA | −5.97 | −4.52 | −4.00 | −2.44 | −1.96 | 3.32 | −2.62 |
| Current ratio | 0.22 | 0.35 | 0.40 | 0.46 | 0.35 | 0.30 | 0.25 |
| Quick ratio | 0.22 | 0.35 | 1.28 | 0.35 | 0.69 | 0.59 | 0.50 |
| Interest coverage | 1.1 | 1.1 | 2.4 | 25.1 | 33.4 | 8.6 | 8.8 |
| Working capital | −$590.9M | −$357.8M | −$246.3M | −$131.4M | −$164.9M | −$116.4M | −$106.5M |
| Invested capital | $34.2M | $73.0M | $44.6M | $47.2M | $30.7M | $99.5M | −$1.7M |
| Tangible asset value | $189.6M | $170.4M | −$99.9M | $135.2M | $111.5M | $43.5M | $31.1M |
| Net current asset value | −$616.8M | −$383.6M | −$270.1M | −$148.7M | −$177.5M | −$222.6M | −$108.2M |
| Graham number | $19.50 | $16.87 | $19.12 | $21.09 | $31.45 | $9.01 | $6.92 |
| Graham net-net per share | −$45.54 | −$30.56 | −$35.79 | −$10.35 | −$24.32 | −$20.75 | −$10.32 |
| Capital allocation | |||||||
| Dividends paid | — | — | $44,000 | — | — | $82,000 | — |
| Share buybacks (net) | $0 | $461,000 | $4.7M | $1.1M | $0 | $41,000 | $89,000 |
| Dividend payout ratio | — | — | 0.3% | — | — | 0.7% | — |
| Dividends + buybacks / free cash flow | — | — | 99.5% | 2.1% | — | 0.6% | — |
| Capex / revenue | 3.8% | 5.0% | 8.6% | 8.0% | 2.9% | 1.4% | 1.5% |
| Capex / operating cash flow | — | — | 60.8% | 11.8% | — | 3.0% | — |
| Capex / depreciation | 1.19 | 0.93 | 1.96 | 3.42 | 2.25 | 0.58 | 1.17 |
| Stock-based compensation / revenue | 2.4% | 2.1% | 2.4% | 0.9% | 2.6% | 4.0% | 5.0% |
| SG&A / revenue | 29.3% | 36.1% | 29.7% | 27.1% | 26.8% | 38.4% | 33.7% |
| Efficiency | |||||||
| Days sales outstanding | 104.3 | 237.2 | 116.2 | 25.5 | 7.2 | 10.7 | 9.8 |
| Days of inventory on hand | — | — | -2,831.0 | -742.7 | -2,673.8 | -2,212.3 | -1,931.6 |
| Days payables outstanding | 12.8 | 14.3 | 5.7 | 1.2 | 4.8 | 6.8 | 3.5 |
| Cash conversion cycle (days) | 91.5 | 222.9 | -2,720.5 | -718.4 | -2,671.4 | -2,208.3 | -1,925.3 |
| Receivables turnover | 3.50 | 1.54 | 3.14 | 14.30 | 51.05 | 34.08 | 37.40 |
| Payables turnover | 28.54 | 25.57 | 64.23 | 293.20 | 76.58 | 53.98 | 105.47 |
| Asset turnover | 0.18 | 0.15 | 0.18 | 0.23 | 0.23 | 0.18 | 0.20 |
| Average receivables | $43.1M | $63.3M | $27.6M | $6.3M | $1.6M | $1.3M | $943,000 |
| Average payables | $2.1M | $1.1M | $336,500 | $51,000 | $121,500 | $129,500 | $64,000 |
| Average inventory | — | — | −$167.6M | −$30.4M | −$68.2M | −$42.4M | −$35.7M |
| Intangibles / total assets | 0.4% | 0.4% | 43.5% | 1.3% | 1.0% | 0.8% | 1.1% |
Computed from FINW's annual financial statements (latest annual report filed March 23, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FINW valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), FinWise Bancorp traded at 15.1 times earnings, against a 7-year median of 10.6. Based on the latest twelve months, the trailing P/E is 11.1. FinWise Bancorp earned a return on equity of 8.8% and a return on invested capital of 30.0% in fiscal 2025. It ended the year with $4.4 million of debt and $163.4 million in cash and short-term investments, a net cash position of $159.0 million. The share count rose 10.8% from 12.2M to 13.6M over 6 years.
See the FINW income statement, the FINW chart for price history, or the FINW stock overview for the latest quote and news.
FINW key metrics FAQ
What is FinWise Bancorp's P/E ratio?
FinWise Bancorp's trailing P/E ratio is 11.1 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 15.1, compared with a 7-year median of 10.6.
What is FinWise Bancorp's EV/EBITDA?
FinWise Bancorp's enterprise value was 3.2 times EBITDA at the end of fiscal 2025 (enterprise value $84.4 million, EBITDA $26.6 million).
What is FinWise Bancorp's return on equity?
FinWise Bancorp's return on equity (ROE) was 8.8% in fiscal 2025: net income of $16.1 million on average shareholders' equity of $183.5 million.
What is FinWise Bancorp's ROIC?
FinWise Bancorp's return on invested capital was 30.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does FinWise Bancorp have?
FinWise Bancorp had total debt of $4.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
What is FinWise Bancorp's free cash flow yield?
FinWise Bancorp generated -$34.2 million of free cash flow in fiscal 2025, a free cash flow yield of −14.0% on its market value at year-end ($243.4 million).
What is FinWise Bancorp's current ratio?
FinWise Bancorp's current ratio was 0.22 at the end of fiscal 2025: current assets were 0.22 times current liabilities.