BWB - Bridgewater Bancshares, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$23.50
DETAILS
HIGH:
$24.00
LOW:
$23.00
MEDIAN:
$23.50
CONSENSUS:
$23.50
UPSIDE:
25.53%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 291.6 | 251.4 | 226.9 | 169.3 | 134.2 | 120.7 | 107.6 | 87.8 | 68.9 | 53.2 |
| Cost of Revenue | 154.0 | 147.2 | 117.0 | 41.7 | 24.5 | 39.6 | 32.3 | 24.1 | 16.3 | 11.8 |
| Gross Profit | 137.6 | 104.2 | 109.9 | 127.6 | 109.7 | 81.1 | 75.3 | 63.7 | 52.5 | 41.4 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 51.5 | 44.0 | 41.4 | 40.3 | 33.7 | 27.1 | 26.0 | 22.3 | 14.1 | 12.1 |
| Other Expenses | 24.6 | 17.5 | 16.1 | 15.6 | 14.4 | 18.2 | 11.0 | 9.3 | 11.4 | 8.1 |
| Operating Expenses | 76.1 | 61.5 | 57.4 | 55.9 | 48.1 | 45.4 | 36.9 | 31.6 | 25.5 | 20.2 |
| Operating Income | ||||||||||
| Operating Income | 61.5 | 42.7 | 52.5 | 71.7 | 61.6 | 35.7 | 38.3 | 32.1 | 27.0 | 21.3 |
| Interest Expense | 149.4 | 143.7 | 117.2 | 34.0 | 19.4 | 26.9 | 29.6 | 20.5 | 12.2 | 8.5 |
| Interest Income | 281.8 | 245.9 | 222.4 | 163.7 | 128.9 | 114.8 | 103.8 | 85.2 | 66.3 | 50.6 |
| Profitability | ||||||||||
| EBITDA | 64.7 | 45.7 | 55.7 | 75.0 | 64.1 | 37.1 | 39.5 | 33.1 | 27.9 | 22.0 |
| EBIT | 61.5 | 42.7 | 52.5 | 71.7 | 61.6 | 35.7 | 38.3 | 32.1 | 27.0 | 21.3 |
| Income Before Tax | 60.0 | 42.7 | 52.5 | 71.7 | 61.6 | 35.7 | 38.3 | 32.1 | 27.0 | 21.3 |
| Income Tax Expense | 13.9 | 9.9 | 12.6 | 18.3 | 15.9 | 8.5 | 6.9 | 5.2 | 10.1 | 8.1 |
| Net Income | 46.1 | 32.8 | 40.0 | 53.4 | 45.7 | 27.2 | 31.4 | 26.9 | 16.9 | 13.2 |
| Per Share Data | ||||||||||
| EPS (Basic) | 1.53 | 1.05 | 1.29 | 1.78 | 1.59 | 0.95 | 1.07 | 0.93 | 0.58 | 0.44 |
| EPS (Diluted) | 1.50 | 1.03 | 1.27 | 1.72 | 1.54 | 0.93 | 1.05 | 0.91 | 0.58 | 0.44 |
| Shares Outstanding | 27.4 | 27.5 | 27.8 | 27.8 | 28.0 | 28.6 | 29.4 | 29.0 | 29.1 | 30.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 123.5 | 234.1 | 128.6 | 88.2 | 145.3 | 163.5 | 34.6 | 31.7 | 26.8 | 21.2 |
| Short-Term Investments | 326.2 | 385.7 | 604.1 | 548.6 | 439.4 | 390.6 | 289.9 | 253.4 | 229.5 | 217.1 |
| Net Receivables | 18.9 | 62.0 | 16.7 | 13.5 | 9.2 | 9.2 | 6.8 | 6.6 | 5.3 | 4.0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 468.6 | 681.8 | 749.4 | 650.3 | 593.9 | 563.3 | 331.2 | 291.7 | 261.6 | 242.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 51.6 | 49.5 | 48.9 | 48.4 | 49.4 | 51.0 | 27.6 | 13.1 | 10.1 | 9.6 |
| Goodwill | 12.0 | 12.0 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 |
| Intangible Assets | 6.9 | 7.8 | 0.2 | 0.3 | 0.5 | 0.7 | 0.9 | 1.1 | 1.2 | 1.4 |
| Long-Term Investments | 4,650.9 | 4,147.7 | 3,667.2 | 3,512.2 | 2,769.9 | 2,282.4 | 1,884 | 1,640.4 | 1,326.5 | 985.1 |
| Other Non-Current Assets | 216.9 | 167.3 | 143.7 | 131.8 | 61.3 | 27.3 | 22.5 | 24.9 | 14.5 | 19.4 |
| Total Non-Current Assets | 4,938.4 | 4,384.4 | 3,862.6 | 3,695.3 | 2,883.8 | 2,364.0 | 1,937.6 | 1,682.0 | 1,355.0 | 1,018.2 |
| Total Assets | 5,407.0 | 5,066.2 | 4,612.0 | 4,345.7 | 3,477.7 | 2,927.3 | 2,268.8 | 1,973.7 | 1,616.6 | 1,260.4 |
| Current Liabilities | ||||||||||
| Account Payables | 3.2 | 4.0 | 5.3 | 2.8 | 1.4 | 1.6 | 2.0 | 1.8 | 1.4 | 0.6 |
| Short-Term Debt | 0 | 0 | 0 | 287 | 0 | 0 | 0 | 18 | 23 | 44 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 4,320.4 | 4,086.8 | 3,709.9 | 3,416.5 | 2,946.2 | 2,501.6 | 1,823.3 | 1,560.9 | 1,339.3 | 1,023.5 |
| Total Current Liabilities | 4,323.6 | 4,090.8 | 3,715.2 | 3,706.4 | 2,947.6 | 2,503.3 | 1,825.3 | 1,580.7 | 1,363.8 | 1,068.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 508.2 | 452.9 | 412.5 | 189.7 | 134.7 | 142.2 | 174.2 | 163.6 | 109.5 | 72 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 58.1 | 64.6 | 58.7 | 55.6 | 16.0 | 16.4 | 24.5 | 8.4 | 6.2 | 4.9 |
| Total Non-Current Liabilities | 566.3 | 517.5 | 471.2 | 245.2 | 150.7 | 158.7 | 198.7 | 172.0 | 115.7 | 76.9 |
| Total Liabilities | 4,889.9 | 4,608.3 | 4,186.5 | 3,951.6 | 3,098.4 | 2,661.9 | 2,024.0 | 1,752.7 | 1,479.5 | 1,145.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 |
| Retained Earnings | 351.5 | 309.4 | 280.6 | 248.7 | 199.3 | 154.8 | 127.6 | 96.2 | 69.5 | 52.6 |
| Accumulated Other Comprehensive Income | 0.6 | (13.4) | (18.2) | (17.9) | 9.0 | 6.6 | 4.8 | (1.6) | 1.1 | (3.3) |
| Total Stockholders' Equity | 517.1 | 457.9 | 425.5 | 394.1 | 379.3 | 265.4 | 244.8 | 221.0 | 137.2 | 115.4 |
| Total Liabilities & Equity | 5,407.0 | 5,066.2 | 4,612.0 | 4,345.7 | 3,477.7 | 2,927.3 | 2,268.8 | 1,973.7 | 1,616.6 | 1,260.4 |
| Debt Metrics | ||||||||||
| Total Debt | 508.2 | 452.9 | 412.5 | 476.7 | 134.7 | 142.2 | 174.2 | 181.6 | 132.5 | 116 |
| Net Debt | 384.7 | 218.8 | 284.0 | 388.4 | (10.6) | (21.3) | 139.6 | 149.9 | 105.7 | 94.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 46.1 | 32.8 | 40.0 | 53.4 | 45.7 | 27.2 | 31.4 | 26.9 | 16.9 | 13.2 |
| Depreciation & Amortization | 3.9 | 3.0 | 3.1 | 3.3 | 2.6 | 1.4 | 1.2 | 1.0 | 0.9 | 0.7 |
| Stock-Based Compensation | 4.2 | 3.9 | 4.0 | 3.3 | 2.4 | 1.7 | 0.8 | 0.8 | 0.4 | 0.2 |
| Change in Working Capital | (23.2) | 5.8 | (17.0) | 17.3 | (0.1) | (18.8) | 2.2 | (5.0) | 1.9 | (2.6) |
| Other Non-Cash Items | (1.2) | 0.8 | (0.7) | 9.2 | 8.2 | 14.2 | 4.8 | 7.1 | 6.9 | 4.4 |
| Operating Cash Flow | 27.8 | 46.4 | 30.0 | 85.0 | 54.2 | 23.0 | 39.5 | 29.4 | 24.9 | 14.9 |
| Investing Activities | ||||||||||
| Capital Expenditure | (5.8) | (4.1) | (3.0) | (1.6) | (0.8) | (24.7) | (15.6) | (3.7) | (1.2) | (2.2) |
| Acquisitions | 0 | 17.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.4 |
| Purchases of Investments | (206.1) | (245.2) | (113.6) | (268.3) | (109.9) | (170.5) | (98.8) | (78.4) | (68.5) | (173.3) |
| Sales/Maturities of Investments | 235.4 | 167.2 | 61.5 | 102.7 | 56.1 | 73.4 | 84.0 | 47.6 | 59.6 | 56.2 |
| Other Investing Activities | (436.3) | (30.5) | (154.1) | (771.0) | (516.9) | (408.6) | (245.8) | (319.8) | (340.1) | (171.2) |
| Investing Cash Flow | (417.5) | (95.2) | (209.2) | (938.2) | (571.4) | (530.3) | (276.2) | (354.2) | (350.2) | (266.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 54.9 | 40 | 222.5 | 54.5 | (7.9) | (32.2) | 10.5 | 54 | 37.5 | 1.5 |
| Stock Repurchased | (2.2) | (5.9) | (5.1) | (11.5) | (2.7) | (10.4) | (15.0) | 0 | 0 | (0.2) |
| Dividends Paid | (4.1) | (4.1) | (4.1) | (4.1) | (1.2) | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 232.9 | 120.0 | 7.4 | 757.9 | 445.3 | 678.6 | 244.6 | 216.7 | 295.0 | 226.8 |
| Financing Cash Flow | 283.4 | 150.1 | 220.7 | 796.8 | 500.0 | 636.1 | 240.2 | 329.5 | 332.5 | 254.1 |
| Cash Position | ||||||||||
| Net Change in Cash | (106.2) | 101.2 | 41.5 | (56.4) | (17.2) | 128.7 | 3.5 | 4.7 | 7.2 | 2.9 |
| Cash at Beginning | 229.8 | 128.6 | 87.0 | 143.5 | 160.7 | 31.9 | 28.4 | 23.7 | 16.5 | 13.6 |
| Cash at End | 123.5 | 229.8 | 128.6 | 87.0 | 143.5 | 160.7 | 31.9 | 28.4 | 23.7 | 16.5 |
| Free Cash Flow | 22.0 | 42.3 | 27.0 | 83.4 | 53.5 | (1.7) | 24.0 | 25.7 | 23.7 | 12.7 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 291.6 | 251.4 | 226.9 | 169.3 | 134.2 | 120.7 | 107.6 | 87.8 | 68.9 | 53.2 |
| Gross Profit | 137.6 | 104.2 | 109.9 | 127.6 | 109.7 | 81.1 | 75.3 | 63.7 | 52.5 | 41.4 |
| Operating Income | 61.5 | 42.7 | 52.5 | 71.7 | 61.6 | 35.7 | 38.3 | 32.1 | 27.0 | 21.3 |
| Net Income | 46.1 | 32.8 | 40.0 | 53.4 | 45.7 | 27.2 | 31.4 | 26.9 | 16.9 | 13.2 |
| EPS (Diluted) | 1.50 | 1.03 | 1.27 | 1.72 | 1.54 | 0.93 | 1.05 | 0.91 | 0.58 | 0.44 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 123.5 | 234.1 | 128.6 | 88.2 | 145.3 | 163.5 | 34.6 | 31.7 | 26.8 | 21.2 |
| Total Assets | 5,407.0 | 5,066.2 | 4,612.0 | 4,345.7 | 3,477.7 | 2,927.3 | 2,268.8 | 1,973.7 | 1,616.6 | 1,260.4 |
| Total Debt | 508.2 | 452.9 | 412.5 | 476.7 | 134.7 | 142.2 | 174.2 | 181.6 | 132.5 | 116 |
| Stockholders' Equity | 517.1 | 457.9 | 425.5 | 394.1 | 379.3 | 265.4 | 244.8 | 221.0 | 137.2 | 115.4 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 27.8 | 46.4 | 30.0 | 85.0 | 54.2 | 23.0 | 39.5 | 29.4 | 24.9 | 14.9 |
| Capital Expenditure | (5.8) | (4.1) | (3.0) | (1.6) | (0.8) | (24.7) | (15.6) | (3.7) | (1.2) | (2.2) |
| Free Cash Flow | 22.0 | 42.3 | 27.0 | 83.4 | 53.5 | (1.7) | 24.0 | 25.7 | 23.7 | 12.7 |