Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CARVER BANCORP INC 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
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0
0
4.2
4.98
2.9
2.96
3
Selling, general and administrative
0.8
0.42
0.24
0.16
0.51
0.51
0.48
0.6
Operating expenses
1.47
0.89
0.05
0.71
0
0.13
0.5
0.05
Operating income
-0.17
Interest expense
4.61
4.92
5.28
6.14
5.63
4.42
2.4
4.91
11.5
Interest income
1.3
0.76
0.68
1.25
0.87
0.95
0.71
0.93
1.13
1.07
Pre-tax income
-0.04
Income tax
0.13
0.12
-0.03
0
0
0
0
0
0
0
Net income to minority interests
0
Net income
-2.85
-2.85
5.35
-5.94
-5.42
-3.9
-0.85
-4.4
-2.98
-13.7
EBITDA
1.25
EPS, basic
-0.48
-0.77
0.58
-1.60
-1.47
-1.14
-0.24
-1.03
-0.61
-2.65
EPS, diluted
-0.48
-0.77
0.58
-1.60
-1.47
-1.14
-0.24
-1.03
-0.61
-2.65
Shares, basic (weighted)
3.7
3.7
3.7
3.7
3.7
3.42
3.59
4.28
4.85
5.18
Shares, diluted (weighted)
3.7
3.7
3.7
3.7
3.7
3.42
3.59
4.28
4.85
5.18
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
63.2
58.7
135
31.2
47.5
75.6
61
42.6
59
50.3
Property, plant and equipment
5.98
5.43
2.97
5.06
5.38
4.61
3.78
3.17
2.57
2.01
Lease right-of-use assets
0
17.6
15.3
13.6
12.3
9.84
8.25
Total assets
739
688
694
564
579
677
735
723
757
730
Total liabilities
687
640
642
517
530
624
680
678
714
700
Total debt
68.4
49.4
38.4
21.4
13.6
37.2
15.9
40.9
46.4
20.2
Paid-in capital
55.5
55.5
55.5
55.5
55.5
75.2
82.2
82.8
87.7
87.9
Retained earnings
-48
-50.9
-45.5
-52.2
-52.3
-42.7
-43.5
-47.9
-51.5
-65.3
Treasury stock
-0.42
-0.42
-0.42
-0.42
-0.41
-2.91
-2.91
-2.91
-2.91
-2.91
Other comprehensive income
-0.31
-1.94
-2.73
-0.94
0.93
-3.18
-6.66
-12.2
-12.7
-12
Shareholders' equity
51.9
47.4
52
47.1
48.9
52.3
55.1
45.2
42.3
29.6
Total equity
54.2
47.4
52
47.1
48.9
52.3
55.1
45.2
42.3
29.6
Total liabilities and equity
739
688
694
564
579
677
735
723
757
730
Shares outstanding
3.7
3.7
3.7
3.7
3.7
3.33
4.22
4.3
5.14
5.14
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-0.17
-2.85
5.35
-5.94
-5.42
-3.9
-0.85
-4.4
-2.98
-13.7
Depreciation and amortization
1.42
0.87
0.9
0.79
0.97
1.02
1.03
1.06
0.97
0.81
Stock-based compensation
0
0
0
0.04
-0.04
0.04
0.12
0.09
0.22
0.07
Cash from operations
0.42
0.83
-4.99
-8.77
-0.03
2.21
7.15
-10.5
-6.57
-12.6
Capital expenditures
-0.57
-0.26
-1.6
-2.88
-1.29
-0.26
-0.19
-0.23
-0.36
-0.33
Purchases of investments
-74.5
0
Sales and maturities of investments
39.7
18.7
5.05
9.31
14.9
12.5
14.8
7.81
5.03
4.06
Cash from investing
-52
41.2
84.1
29.1
15.7
-77
-79.1
-15.3
-20.1
15.1
Debt issued
2.5
25
5.53
1.81
Debt repaid
-23.7
-0
0
-28
Stock issued
3.2
3
0
1
0.2
Share buybacks
-2.5
-2.5
0
Cash from financing
64
-46.6
-3.29
-124
0.62
103
57.4
7.31
43.1
-11.2
Net change in cash
12.4
-4.5
75.9
-103
16.3
28.1
-14.6
-18.5
16.5
-8.71
Free cash flow
-0.15
0.57
-6.59
-11.6
-1.32
1.96
6.96
-10.7
-6.93
-12.9
Interest paid
4.09
6.86
4.58
5.3
4.87
3.9
5.52
4.62
10.7
15.2
Income taxes paid
0.22
0.13
0.23
0.12
0.05
0.06
0.21
0.19
0.23
0.22
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2025; growth uses fiscal years. Valuation uses the share price of $1.57 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Net margin
-335.4%
Net income / revenue.
FCF margin
-242.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-233.0%
Cash from operations / revenue.
Return on equity (ROE)
-48.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-1.9%
Net income / average total assets.
Stock-based pay / revenue
1.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
9.1%
Capital expenditures / revenue.
D&A / revenue
19.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
1.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-15.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-30.1%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-18.7%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-9.6%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-3.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-0.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
4.8%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
7.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
13.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
7.0%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
1.02x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
3.9%
Total debt / total assets.
Liabilities / assets
96.1%
Total liabilities / total assets.
Net debt
-$13.2M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net 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.
Revenue per share
$0.73
Revenue / diluted weighted shares.
FCF per share
-$1.78
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$1.71
Cash from operations / diluted weighted shares.
Book value per share
$5.09
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
2.06x
Market cap / revenue.
P/B
0.30x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.30x
Market cap / tangible book value, when positive.
FCF yield
-117.5%
Free cash flow / market cap.
Earnings yield
-162.8%
Net income / market cap (the inverse of P/E).
What was CARVER BANCORP INC's revenue in fiscal 2025?
CARVER BANCORP INC reported revenue of $3.0M for fiscal 2025, 1.5% higher than the year before.
Was CARVER BANCORP INC profitable in fiscal 2025?
No. It reported a net loss of $13.7M.
How much free cash flow did CARVER BANCORP INC generate in fiscal 2025?
Cash from operations of $12.6M minus capital expenditures of $331.0K left free cash flow of -$12.9M.
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.