FFWM - First Foundation Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$7.35
DETAILS
HIGH:
$12.00
LOW:
$5.00
MEDIAN:
$6.75
CONSENSUS:
$7.35
UPSIDE:
24.58%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 588.4 | 481.5 | 546.2 | 413.9 | 308.9 | 291.1 | 272.7 | 228 | 168.5 | 133.5 | 93.2 | 72.1 | 59.0 | 47.5 | 40.7 |
| Cost of Revenue | 417.9 | 449.1 | 370.9 | 85.7 | 17.8 | 54.0 | 81.4 | 55.9 | 25.9 | 15.9 | 9.0 | 4.8 | 5.9 | 5.2 | 40.7 |
| Gross Profit | 170.5 | 32.5 | 175.3 | 328.2 | 291.1 | 237.1 | 191.2 | 172.1 | 142.5 | 117.6 | 84.3 | 67.3 | 53.1 | 42.3 | 0 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 131.3 | 83.9 | 84.3 | 110.2 | 87.9 | 73.9 | 69.9 | 67.5 | 56.6 | 48.6 | 40.5 | 33.5 | 28.8 | 23.3 | 10.7 |
| Other Expenses | 110.7 | 85.9 | 291.1 | 68.2 | 51.4 | 44.5 | 41.8 | 44.5 | 35.4 | 30.7 | 21.0 | 19.0 | 14.9 | 11.2 | (5.3) |
| Operating Expenses | 242.0 | 169.9 | 375.4 | 178.4 | 139.3 | 118.3 | 111.7 | 112.0 | 91.9 | 79.3 | 61.5 | 52.5 | 43.6 | 34.5 | 5.3 |
| Operating Income | |||||||||||||||
| Operating Income | (71.5) | (137.4) | (200.1) | 149.8 | 151.8 | 118.8 | 79.5 | 60.1 | 50.6 | 38.3 | 22.8 | 14.8 | 9.5 | 7.8 | 9.1 |
| Interest Expense | 353.6 | 428.4 | 371.4 | 85.2 | 13.9 | 47.2 | 78.8 | 51.7 | 23.2 | 11.2 | 6.3 | 4.6 | 3.5 | 3.1 | 0.1 |
| Interest Income | 541.0 | 611.0 | 573.7 | 403.9 | 247.2 | 243.9 | 248.8 | 207.3 | 136.8 | 100.6 | 64.5 | 47.4 | 39.2 | 30.9 | 0 |
| Profitability | |||||||||||||||
| EBITDA | (71.5) | (129.4) | (191.9) | 158.5 | 158.6 | 125.4 | 86.1 | 66.0 | 53.9 | 40.6 | 24.4 | 16.1 | 10.5 | 8.4 | 9.4 |
| EBIT | (71.5) | (137.4) | (200.1) | 149.8 | 151.8 | 118.8 | 79.5 | 60.1 | 50.6 | 38.3 | 22.8 | 14.8 | 9.5 | 7.8 | 9.1 |
| Income Before Tax | (71.5) | (137.4) | (200.1) | 149.8 | 151.8 | 118.8 | 79.5 | 60.1 | 50.6 | 38.3 | 22.8 | 14.8 | 9.5 | 7.8 | 9.1 |
| Income Tax Expense | 83.6 | (45.0) | (1) | 39.3 | 42.3 | 34.4 | 23.3 | 17.1 | 23.0 | 15.0 | 9.5 | 6.4 | 1.6 | 2.0 | 0 |
| Net Income | (155.2) | (92.4) | (199.1) | 110.5 | 109.5 | 84.4 | 56.2 | 43.0 | 27.6 | 23.3 | 13.4 | 8.4 | 7.9 | 5.8 | 9.1 |
| Per Share Data | |||||||||||||||
| EPS (Basic) | -1.88 | -1.41 | -3.53 | 1.96 | 2.42 | 1.89 | 1.26 | 1.02 | 0.80 | 0.72 | 0.60 | 0.54 | 0.39 | 0.29 | 0.46 |
| EPS (Diluted) | -1.88 | -1.41 | -3.53 | 1.96 | 2.41 | 1.88 | 1.25 | 1.01 | 0.78 | 0.70 | 0.58 | 0.51 | 0.39 | 0.29 | 0.46 |
| Shares Outstanding | 82.5 | 65.6 | 56.4 | 56.4 | 44.6 | 44.6 | 44.6 | 42.1 | 34.5 | 32.4 | 22.3 | 15.5 | 19.9 | 19.9 | 19.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,624.9 | 1,016.1 | 1,326.6 | 656.5 | 1,121.8 | 629.7 | 65.4 | 67.3 | 120.4 | 597.9 |
| Short-Term Investments | 2,431.0 | 1,313.9 | 703.2 | 226.2 | 1,191.4 | 807.4 | 1,015.0 | 809.6 | 519.4 | 509.6 |
| Net Receivables | 45.8 | 54.8 | 54.2 | 51.4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 8.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 4,101.7 | 2,384.8 | 2,092.2 | 934.0 | 2,313.1 | 1,437.1 | 1,080.4 | 876.9 | 639.8 | 1,107.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 34.7 | 35.8 | 39.9 | 36.1 | 37.9 | 8.0 | 8.4 | 9.1 | 6.6 | 6.7 |
| Goodwill | 0 | 0 | 0 | 215.3 | 0 | 0 | 0 | 0 | 27.3 | 0 |
| Intangible Assets | 2.4 | 3.6 | 4.9 | 6.6 | 222.1 | 95.3 | 0 | 0 | 6.3 | 0 |
| Long-Term Investments | 7,539.9 | 9,939.2 | 10,938.2 | 11,555.0 | 7,374.4 | 5,285.0 | 5,029.9 | 4,782.3 | 3,799.7 | 2,791.3 |
| Other Non-Current Assets | (7,539.9) | 205.2 | 231.0 | 243.0 | 227.8 | 123.1 | 87.6 | 59.3 | 49.4 | 50.9 |
| Total Non-Current Assets | 37.1 | 10,260.4 | 11,243.2 | 12,080.2 | 7,883.1 | 5,520.0 | 5,234.1 | 4,963.5 | 3,901.4 | 2,867.9 |
| Total Assets | 11,904.1 | 12,645.3 | 13,327.2 | 13,014.2 | 10,196.2 | 6,957.2 | 6,314.4 | 5,840.4 | 4,541.2 | 3,975.4 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0 | 0 | 147.3 | 110.1 | 79.0 | 66.4 | 40.3 | 24.7 | 14.3 |
| Short-Term Debt | 24.8 | 431.8 | 515.8 | 1,182.8 | 173.1 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 9,438.5 | 10,173.1 | 9,179.8 | 8,638.9 | 5,913.4 | 4,891.1 | 4,533.0 | 3,443.5 | 2,426.8 |
| Total Current Liabilities | 24.8 | 9,870.3 | 10,688.9 | 10,509.9 | 8,922.0 | 5,992.4 | 4,957.6 | 4,573.2 | 3,468.2 | 2,441.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 1,604.0 | 1,598.8 | 1,582.5 | 1,369.9 | 210.1 | 269 | 743 | 708 | 678 | 1,250 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9,387.5 | 122.8 | 130.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 10,991.5 | 1,721.6 | 1,713.0 | 1,369.9 | 210.1 | 269 | 743 | 708 | 678 | 1,250 |
| Total Liabilities | 10,991.5 | 11,591.9 | 12,401.9 | 11,879.8 | 9,132.2 | 6,261.4 | 5,700.6 | 5,281.2 | 4,146.2 | 3,691.1 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (30.1) | 125.0 | 218.6 | 426.7 | 341.0 | 247.6 | 175.8 | 128.5 | 85.5 | 57.1 |
| Accumulated Other Comprehensive Income | 0.6 | (8.9) | (14.2) | (11.9) | 2.3 | 14.1 | 4.3 | (1.2) | (5.1) | (5.2) |
| Total Stockholders' Equity | 912.6 | 1,053.4 | 925.3 | 1,134.4 | 1,064.1 | 695.7 | 613.9 | 559.2 | 395.0 | 284.3 |
| Total Liabilities & Equity | 11,904.1 | 12,645.3 | 13,327.2 | 13,014.2 | 10,196.2 | 6,957.2 | 6,314.4 | 5,840.4 | 4,541.2 | 3,975.4 |
| Debt Metrics | ||||||||||
| Total Debt | 1,604.0 | 1,598.8 | 1,582.5 | 1,369.9 | 210.1 | 269 | 743 | 708 | 678 | 1,250 |
| Net Debt | (20.8) | 582.7 | 255.8 | 713.4 | (911.6) | (360.7) | 677.6 | 640.7 | 557.6 | 652.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (155.2) | (92.4) | (199.1) | 110.5 | 109.5 | 84.4 | 56.2 | 43.0 | 27.6 | 23.3 |
| Depreciation & Amortization | 0 | 8.0 | 8.2 | 8.7 | 6.8 | 6.6 | 6.6 | 5.9 | 3.3 | 2.3 |
| Stock-Based Compensation | 0 | 2.0 | 1.7 | 3.5 | 2.8 | 2.1 | 1.6 | 2.6 | 1.8 | 0.9 |
| Change in Working Capital | (26.5) | 2.9 | (6.7) | (22.7) | (15.8) | (26.3) | 4.6 | 1.2 | 5.6 | (2.4) |
| Other Non-Cash Items | 149.8 | 120.5 | 207.4 | 1.0 | (4.8) | 2.2 | (8.5) | (2.9) | (5.0) | (5.6) |
| Operating Cash Flow | (31.9) | (8.8) | 7.9 | 101.5 | 96.9 | 67.4 | 60.4 | 51.0 | 37.9 | 19.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (3.3) | (2.7) | (8.2) | (4.6) | (3.2) | (2.9) | (2.2) | (2.7) | (2.2) | (5.9) |
| Acquisitions | 0 | 0 | 0 | 0 | 1,145.3 | 0 | 0 | 47.6 | 91.0 | 0 |
| Purchases of Investments | 0 | (1,871.6) | (667.5) | (172.7) | (454.8) | (56.6) | (577.8) | (365.5) | (29.3) | (145.6) |
| Sales/Maturities of Investments | 0 | 1,356.7 | 266.7 | 252.7 | 271.6 | 270.5 | 379.5 | 91.2 | 135.8 | 195.3 |
| Other Investing Activities | 1,221.6 | 805.0 | 541.7 | (3,322.1) | (1,038.4) | (235.9) | (226.5) | (450.1) | (764.2) | (1,044.2) |
| Investing Cash Flow | 1,221.6 | 287.4 | 132.8 | (3,246.7) | (79.4) | (24.9) | (427.0) | (679.5) | (569.0) | (1,000.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 5.1 | 16.4 | 212.5 | 1,158.8 | (237.9) | (474) | 35 | (45) | (580) | 454 |
| Stock Repurchased | (0.4) | (0.1) | (0.5) | (4.6) | (1.7) | (2.8) | (0.0) | (0.5) | 0 | 0 |
| Dividends Paid | 0 | (1.1) | (9.0) | (24.8) | (16.2) | (12.5) | (8.9) | 0 | 0 | 0 |
| Other Financing Activities | (585.7) | (818.7) | 326.3 | 1,550.7 | 727.5 | 1,010.2 | 338.3 | 611.9 | 605.2 | 904.6 |
| Financing Cash Flow | (581.0) | (589.1) | 529.4 | 2,680.0 | 474.5 | 521.8 | 364.7 | 575.5 | 53.6 | 1,362.9 |
| Cash Position | ||||||||||
| Net Change in Cash | 608.7 | (310.5) | 670.1 | (465.3) | 492.1 | 564.3 | (1.9) | (53.1) | (477.6) | 382.2 |
| Cash at Beginning | 1,016.1 | 1,326.6 | 656.5 | 1,121.8 | 629.7 | 65.4 | 67.3 | 120.4 | 597.9 | 215.7 |
| Cash at End | 1,624.9 | 1,016.1 | 1,326.6 | 656.5 | 1,121.8 | 629.7 | 65.4 | 67.3 | 120.4 | 597.9 |
| Free Cash Flow | (35.2) | (11.5) | (0.3) | 96.9 | 93.7 | 64.6 | 58.2 | 48.3 | 35.6 | 13.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 588.4 | 481.5 | 546.2 | 413.9 | 308.9 | 291.1 | 272.7 | 228 | 168.5 | 133.5 | 93.2 | 72.1 | 59.0 | 47.5 | 40.7 |
| Gross Profit | 170.5 | 32.5 | 175.3 | 328.2 | 291.1 | 237.1 | 191.2 | 172.1 | 142.5 | 117.6 | 84.3 | 67.3 | 53.1 | 42.3 | 0 |
| Operating Income | (71.5) | (137.4) | (200.1) | 149.8 | 151.8 | 118.8 | 79.5 | 60.1 | 50.6 | 38.3 | 22.8 | 14.8 | 9.5 | 7.8 | 9.1 |
| Net Income | (155.2) | (92.4) | (199.1) | 110.5 | 109.5 | 84.4 | 56.2 | 43.0 | 27.6 | 23.3 | 13.4 | 8.4 | 7.9 | 5.8 | 9.1 |
| EPS (Diluted) | -1.88 | -1.41 | -3.53 | 1.96 | 2.41 | 1.88 | 1.25 | 1.01 | 0.78 | 0.70 | 0.58 | 0.51 | 0.39 | 0.29 | 0.46 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 1,624.9 | 1,016.1 | 1,326.6 | 656.5 | 1,121.8 | 629.7 | 65.4 | 67.3 | 120.4 | 597.9 | |||||
| Total Assets | 11,904.1 | 12,645.3 | 13,327.2 | 13,014.2 | 10,196.2 | 6,957.2 | 6,314.4 | 5,840.4 | 4,541.2 | 3,975.4 | |||||
| Total Debt | 1,604.0 | 1,598.8 | 1,582.5 | 1,369.9 | 210.1 | 269 | 743 | 708 | 678 | 1,250 | |||||
| Stockholders' Equity | 912.6 | 1,053.4 | 925.3 | 1,134.4 | 1,064.1 | 695.7 | 613.9 | 559.2 | 395.0 | 284.3 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | (31.9) | (8.8) | 7.9 | 101.5 | 96.9 | 67.4 | 60.4 | 51.0 | 37.9 | 19.8 | |||||
| Capital Expenditure | (3.3) | (2.7) | (8.2) | (4.6) | (3.2) | (2.9) | (2.2) | (2.7) | (2.2) | (5.9) | |||||
| Free Cash Flow | (35.2) | (11.5) | (0.3) | 96.9 | 93.7 | 64.6 | 58.2 | 48.3 | 35.6 | 13.8 | |||||