COASTAL FINANCIAL CORP financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data COASTAL FINANCIAL CORP 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

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	0.22	0.08	0.06	0.12	0.13	0.16
Interest expense	2.88	3.93	6.58	5.65	3.65	20.4	91.6
Interest income	0.53	0.62	0.64	0.23	0.08	1.75	3.2	3.06	2.53
Pre-tax income	10.1	12.2	16.7	19.1	34.4	50.6	57.1	57.3	61.2
Income tax	4.65	2.54	3.46	4	7.37	10	12.6	12.1	14.3
Net income	5.44	9.7	13.2	15.1	27	40.6	44.6	45.2	47
EPS, basic	0.59	0.93	1.11	1.27	2.25	3.14	3.36	3.35	3.12
EPS, diluted	0.59	0.91	1.08	1.24	2.16	3.01	3.27	3.26	3.06
Shares, basic (weighted)	9.23	10.4	11.9	11.9	12	12.9	13.3	13.5	15.1
Shares, diluted (weighted)	9.24	10.6	12.2	12.2	12.5	13.5	13.6	13.9	15.4

Balance sheet

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	31.1	40.3	43.9	163	813	342	483	453	737
Property, plant and equipment	13.1	13.2	13.1	17.1	17.2	18.2	22.1	27.4	29.3
Lease right-of-use assets			8.49	7.12	6.11	5.02	5.93	5.22	4.82
Intangible assets								0	4.54
Total assets	806	952	1,129	1,766	2,636	3,144	3,750	4,121	4,741
Lease liabilities							6.12	5.4	4.98
Total liabilities	740	843	1,004	1,626	2,434	2,901	3,455	3,683	4,250
Retained earnings	14.1	24	37.2	52.4	79.4	120	165	211	258
Other comprehensive income	-0.94	-1.3	-0.03	0.03	0	-2.33	-0.47	-0	-0
Shareholders' equity	65.7	109	124	140	201	243	295	439	491
Total equity	65.7	109	124	140	201	243	295	439	491
Total liabilities and equity	806	952	1,129	1,766	2,636	3,144	3,750	4,121	4,741
Shares outstanding	8.89	11.9	11.9			13.2	13.3	14.9	15.1

Cash flow statement

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	5.44	9.7	13.2	15.1	27	40.6	44.6	45.2	47
Depreciation and amortization	0.99	1.07	1.24	1.36	1.59	1.81	2.33	4.55	6.52
Stock-based compensation	0.29	0.31	0.43	0.63	1.28	2.52	3.69	4.84	8.6
Deferred income tax	1.28	-0.38	-0.56	-1.07	-3.01	-11	13.9	0.14	4.45
Change in receivables					-1.1	-9.15	1.33	-5.05	-10.1
Change in payables					1.84	18.6	9.87	-1.12	-1.68
Cash from operations	7.62	14.4	13.7	19.3	29.8	67.1	192	260	255
Capital expenditures	-1.06	-1.15	-1.21	-5.37	-2.59	-2.84	-6.25	-9.9	-8.44
Purchases of investments	-0.58	-0.09	-29.9	-30	-117	-135	-50.2	0	-5.1
Sales and maturities of investments	1.23	0	10	38	103	70	0.25	100	0
Cash from investing	-61.8	-139	-165	-667	-240	-988	-594	-609	-526
Debt issued				25	24.3	19.6	0	0
Stock issued	0.02	0.36	0.12	0.2	0.36	1.47	0.62	1.4	0.1
Share buybacks	-0
Cash from financing	59.7	134	154	622	860	450	543	318	556
Net change in cash	5.51	9.2	3.59	-24.9	650	-471	141	-30.6	284
Free cash flow	6.56	13.3	12.5	14	27.3	64.3	185	250	246
Interest paid	2.87	3.88	6.55	6.55	3.82	20.1	91.4	124	119
Income taxes paid	3.82	2.52	4.48	5.36	8.76	23.5	6.41	9.92	7.63

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 $44.82 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	-0.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-0.1%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	3.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	5.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	25.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-6.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	0.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	19.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-2.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	56.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	67.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-1.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	56.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	77.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	11.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	26.3%	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	28.5%	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	15.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	14.7%	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	21.8%	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	10.6%	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	4.3%	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	4.7%	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
Liabilities / assets	91.5%	Total liabilities / total assets.
Tangible book value	$463.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Capex / operating cash flow	2.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.25	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.
FCF per share	$17.19	Free cash flow / diluted weighted shares.
Operating cash flow per share	$17.69	Cash from operations / diluted weighted shares.
Book value per share	$30.33	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$30.33	Tangible book value / shares outstanding.
Cash per share	$65.99	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$685.1M	Share price x shares outstanding.
Enterprise value	-$323.3M	Market cap + total debt - cash - short-term investments.
P/B	1.48x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.48x	Market cap / tangible book value, when positive.
P/FCF	2.61x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	2.54x	Market cap / cash from operations, when positive.
FCF yield	38.2%	Free cash flow / market cap.
Earnings yield	-0.6%	Net income / market cap (the inverse of P/E).

Was COASTAL FINANCIAL CORP profitable in fiscal 2025?

Yes. Net income was $47.0M, a net margin of -.

How much free cash flow did COASTAL FINANCIAL CORP generate in fiscal 2025?

Cash from operations of $254.6M minus capital expenditures of $8.4M left free cash flow of $246.1M.

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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