Estados financieros detallados de FinWise Bancorp (FINW): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
FinWise Bancorp registró ingresos de $151.0M en el último ejercicio fiscal, con un CAGR de 5 años del 28.1%. El beneficio neto alcanzó $16.1M, con un CAGR a 5 años del 7.5%.
Márgenes de los últimos 12 meses: margen bruto 57.7%, margen operativo 9.2%, margen neto 6.8%.
Al precio actual de $12.93, FINW cotiza a un P/E de 12.34 y un ROE del 7.04%. La capitalización bursátil es de $177M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $35.3M | $43.8M | $81.1M | $90.2M | $86.6M | $97.5M | $151.0M |
| Coste de Ventas | $6.8M | $7.0M | $9.3M | $15.0M | $21.6M | $27.0M | $58.9M |
| Beneficio Bruto | $28.5M | $36.8M | $71.8M | $75.3M | $65.0M | $70.4M | $92.1M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $11.9M | $16.8M | $21.7M | $24.5M | $25.8M | $35.2M | $44.2M |
| Gastos Operativos | $15.7M | $21.7M | $29.5M | $39.2M | $41.2M | $53.5M | $70.3M |
| Beneficio Operativo | $12.8M | $15.1M | $42.3M | $36.0M | $23.8M | $17.0M | $21.8M |
| EBITDA | $13.3M | $16.2M | $43.3M | $38.1M | $27.6M | $22.3M | $26.6M |
| Gastos por Intereses | $1.5M | $1.8M | $1.3M | $1.4M | $10.0M | $15.4M | $20.3M |
| Beneficio Antes de Impuestos | $12.8M | $15.1M | $42.3M | $36.0M | $23.8M | $17.0M | $21.8M |
| Impuestos | $3.2M | $3.9M | $10.7M | $10.9M | $6.4M | $4.2M | $5.7M |
| Beneficio Neto | $9.7M | $11.2M | $31.6M | $25.1M | $17.5M | $12.7M | $16.1M |
| BPA | $0.79 | $1.27 | $3.44 | $1.96 | $1.38 | $0.98 | $1.25 |
| BPA Diluido | $0.79 | $1.21 | $3.27 | $1.87 | $1.33 | $0.93 | $1.13 |
| Acciones en Circulación (Diluidas) | $12.2M | $11.9M | $9.1M | $13.4M | $12.9M | $13.2M | $13.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $41.8M | $52.5M | $48.2M | $59.6M |
| Beneficio Bruto | $23.6M | $29.1M | $32.1M | $31.7M |
| Beneficio Operativo | $6.4M | $5.5M | $3.8M | $2.8M |
| EBITDA | $7.6M | $6.7M | $4.9M | $2.8M |
| Beneficio Neto | $4.9M | $3.9M | $2.7M | $2.1M |
| BPA | $0.36 | $0.30 | $0.21 | $0.16 |
| BPA Diluido | $0.34 | $0.27 | $0.20 | $0.15 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $34.8M | $47.4M | $85.8M | $100.6M | $117.0M | $106.1M | $163.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $943000 | $1.6M | $1.5M | $11.1M | $44.1M | $82.6M | $3.7M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $35.7M | $49.0M | $87.3M | $111.6M | $161.1M | $188.6M | $167.1M |
| Inmovilizado Material | $926000 | $1.3M | $3.3M | $14.5M | $18.9M | $19.9M | $18.1M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $177.1M | $317.5M | $380.2M | $400.8M | $586.2M | $746.0M | $977.1M |
| Cuentas por Pagar | $64000 | $195000 | $48000 | $54000 | $619000 | $1.5M | $2.6M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $142.3M | $165.4M | $252.2M | $243.1M | $407.3M | $546.4M | $758.0M |
| Deuda a Largo | 0 | $101.0M | $1.1M | $314000 | $190000 | $64000 | 0 |
| Pasivos Totales | $144.0M | $271.6M | $264.8M | $260.3M | $431.2M | $572.3M | $783.9M |
| Reservas | $17.8M | $29.0M | $60.6M | $85.8M | $103.8M | $116.6M | $132.2M |
| Patrimonio Neto | $33.1M | $45.9M | $115.4M | $140.5M | $155.1M | $173.7M | $193.2M |
| Deuda Total | 0 | $101.0M | $1.1M | $7.3M | $6.5M | $5.4M | $4.4M |
| Deuda Neta | -$34.8M | $53.6M | -$84.7M | -$93.2M | -$110.5M | -$100.7M | -$159.0M |
| Capital Circulante | -$106.5M | -$116.4M | -$164.9M | -$131.4M | -$246.3M | -$357.8M | -$590.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $105.6M | $163.4M | $96.9M | $6.1M |
| Activos Totales | $899.9M | $977.1M | $899.4M | $925.3M |
| Pasivos Totales | $712.2M | $783.9M | $702.8M | $726.1M |
| Patrimonio Neto | $187.8M | $193.2M | $196.6M | $199.2M |
| Deuda Total | $4.7M | $4.4M | 0 | 0 |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $9.7M | $11.2M | $31.6M | $25.1M | $17.5M | $12.7M | $16.1M |
| Amortizaciones | $460000 | $1.0M | $1.0M | $2.1M | $3.8M | $5.3M | $4.9M |
| Compensación en Acciones | $1.8M | $1.8M | $2.1M | $778000 | $2.0M | $2.0M | $3.6M |
| Cambio en Capital Circulante | -$2.0M | $1.3M | $4.1M | -$2.8M | $182000 | -$816000 | -$3.8M |
| Flujo de Caja Operativo | -$7.9M | $19.6M | -$9.2M | $61.2M | $12.3M | -$15.0M | -$28.4M |
| Inversiones (CapEx) | -$540000 | -$592000 | -$2.3M | -$7.2M | -$7.5M | -$4.9M | -$5.8M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$89000 | -$41000 | 0 | -$1.1M | -$4.7M | -$461000 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$8.4M | $19.0M | -$11.6M | $53.9M | $4.8M | -$19.9M | -$34.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $3.5M | $8.1M | $19.7M | -$1.36B |
| Inversiones (CapEx) | $594000 | -$6000 | -$21000 | 0 |
| Flujo de Caja Libre | $4.0M | $8.1M | $19.7M | -$1.36B |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.1M | $1.1M | $659000 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +24.3% | +85.0% | +11.3% | -4.0% | +12.6% | +54.9% |
| Crecimiento Beneficio Neto (anual) | | +15.9% | +182.0% | -20.5% | -30.5% | -27.0% | +26.3% |
| Crecimiento BPA (anual) | | +60.8% | +170.9% | -43.0% | -29.6% | -29.0% | +27.6% |
| Cambio en Acciones (anual) | | -2.6% | -23.6% | +46.7% | -3.3% | +2.5% | +2.5% |
| Crecimiento FCF (anual) | | +325.3% | -160.9% | +566.4% | -91.1% | -513.7% | -71.9% |
| Margen Bruto | 80.9% | 84.1% | 88.5% | 83.4% | 75.0% | 72.3% | 61.0% |
| Margen Operativo | 36.4% | 34.5% | 52.1% | 39.9% | 27.5% | 17.4% | 14.4% |
| Margen EBITDA | 37.7% | 36.9% | 53.4% | 42.3% | 31.9% | 22.9% | 17.6% |
| Margen Neto | 27.4% | 25.5% | 38.9% | 27.8% | 20.2% | 13.1% | 10.7% |
| Margen FCF | -23.9% | 43.3% | -14.3% | 59.8% | 5.6% | -20.4% | -22.6% |
| Tasa Impositiva Efectiva | 24.8% | 26.0% | 25.3% | 30.3% | 26.7% | 25.0% | 26.1% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.69 | $1.59 | $-1.27 | $4.04 | $0.37 | $-1.50 | $-2.52 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $12.2M | $8.2M | $8.7M | $12.7M | $12.5M | $12.6M | $12.8M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 7.04% |
| Rentabilidad sobre capital invertido | 5.97% |
| Rentabilidad sobre activos | 1.48% |
| Margen bruto | 57.69% |
| Margen operativo | 9.16% |
| Margen neto | 6.77% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 0.01 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 16.11 | 10.02 | 4.01 | 4.72 | 10.37 | 16.31 | 14.35 |
| P/VC | 4.71 | 2.27 | 1.04 | 0.84 | 1.15 | 1.16 | 1.19 |
| P/V | 4.42 | 2.38 | 1.47 | 1.31 | 2.06 | 2.07 | 1.52 |
| Margen Bruto | 80.9% | 84.1% | 88.5% | 83.4% | 75.0% | 72.3% | 61.0% |
| Margen Operativo | 36.4% | 34.5% | 52.1% | 39.9% | 27.5% | 17.4% | 14.4% |
| Margen Neto | 27.4% | 25.5% | 38.9% | 27.8% | 20.2% | 13.1% | 10.7% |