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Financial statements

California BanCorp \ CA financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data California BanCorp \ CA files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2023FY2023FY2024FY2025
Interest expense5.7929.4
Pre-tax income2236.98.2688
Income tax5.8710.92.8324.9
Net income16.125.95.4363.1
EPS, basic0.901.420.221.95
EPS, diluted0.881.390.221.93
Shares, basic (weighted)17.818.224.232.4
Shares, diluted (weighted)18.218.724.632.7

Balance sheet

FY2023FY2023FY2024FY2025
Cash and equivalents86.886.8388400
Property, plant and equipment14.313.313.612.1
Lease right-of-use assets8.619.2914.415.1
Goodwill37.837.8112111
Intangible assets1.581.222.318.5
Total assets2,2842,3604,0324,033
Total liabilities2,0242,0723,5203,457
Total debt67.810369.733.8
Retained earnings48.570.676136
Other comprehensive income-6.44-4.46-6.64-1.62
Shareholders' equity260288512577
Total equity260288512577
Total liabilities and equity2,2842,3604,0324,033
Shares outstanding17.918.432.332.4

Cash flow statement

FY2023FY2023FY2024FY2025
Net income16.125.95.4363.1
Depreciation and amortization1.561.531.761.82
Stock-based compensation3.684.526.245.82
Deferred income tax-2.550.42-0.4311.5
Cash from operations13.433.150.357.3
Capital expenditures-1.08-0.3-0.55-0.35
Acquisitions03360
Purchases of investments-101-63.6-2.04-122
Sales and maturities of investments11.210.627.538.4
Cash from investing-513-78.952529.8
Stock issued1.010.130.950.13
Share buybacks-0.57-0.890-3.37
Dividends paid0-3.25
Cash from financing6.145.9-274-75.3
Net change in cash-4930.0330111.8
Free cash flow12.332.849.756.9
Interest paid5.552952.158.5
Income taxes paid7.9512.42.899.78

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $21.64 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Effective tax rate27.6%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)10.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)1.5%Net income / average total assets.

Growth

MetricValueHow it is calculated
Net income growth, 1y1,061.0%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y57.6%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y777.3%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y29.9%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y13.9%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y62.5%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y14.5%Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y66.8%Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y12.7%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y30.3%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y0.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y20.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y33.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y21.6%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Debt / equity0.06xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets0.9%Total debt / total assets.
Liabilities / assets85.4%Total liabilities / total assets.
Net debt-$230.3MTotal debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets3.2%(Goodwill + intangible assets) / total assets.
Tangible book value$458.8MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
FCF conversion98.5%Free cash flow / net income, when net income is positive.
Capex / operating cash flow1.6%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$1.86Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share$1.83Free cash flow / diluted weighted shares.
Operating cash flow per share$1.86Cash from operations / diluted weighted shares.
Book value per share$18.27Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$14.29Tangible book value / shares outstanding.
Cash per share$8.25(Cash + short-term investments) / shares outstanding.
Buybacks / FCF21.5%Share buybacks / free cash flow, when free cash flow is positive.

Valuation

MetricValueHow it is calculated
Market cap$695.7MShare price x shares outstanding.
Enterprise value$465.4MMarket cap + total debt - cash - short-term investments.
P/E11.6xMarket cap / net income. Only when net income is positive.
P/B1.19xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.52xMarket cap / tangible book value, when positive.
P/FCF11.7xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF11.6xMarket cap / cash from operations, when positive.
EV/FCF7.85xEnterprise value / free cash flow, when both are positive.
FCF yield8.5%Free cash flow / market cap.
Earnings yield8.7%Net income / market cap (the inverse of P/E).
Shareholder yield1.8%(Dividends paid + share buybacks) / market cap.
PEG0.39xP/E / EPS growth per year over 3 years (in percent). Only when both are positive.
Was California BanCorp \ CA profitable in fiscal 2025?

Yes. Net income was $63.1M, a net margin of -.

How much free cash flow did California BanCorp \ CA generate in fiscal 2025?

Cash from operations of $57.3M minus capital expenditures of $346.0K left free cash flow of $56.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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