Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PATRIOT NATIONAL 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
0.41
0.4
0.41
0.59
0.52
Selling and marketing
0.39
0.32
0.26
0.38
0.45
0.24
0.23
0.27
0.36
0.29
Interest expense
3.01
6.96
12.4
18.2
13.8
7.09
10.8
30.5
Pre-tax income
3.14
7.02
4.09
-3.72
-4.16
5.01
7.76
-5.63
-16.1
-12.7
Income tax
1.21
2.88
0.89
-0.9
-0.34
-0.08
1.6
-1.45
23.8
0.06
Net income
1.93
4.15
3.2
-2.82
-3.82
5.09
6.16
-4.18
-39.9
-12.7
EPS, basic
0.49
1.06
0.82
-0.72
-0.97
1.29
1.56
-1.05
-10.03
-0.17
EPS, diluted
0.49
1.06
0.82
-0.72
-0.97
1.29
1.55
-1.05
-10.03
-0.17
Shares, basic (weighted)
3.95
3.89
3.9
3.92
3.93
3.95
3.96
3.97
3.98
76.8
Shares, diluted (weighted)
3.95
3.9
3.92
3.92
3.93
3.95
3.96
3.97
3.98
76.8
Dividend per share
0.00
0.01
0.01
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
92.3
48.7
66.4
39.4
34.6
47
38.5
66.5
163
207
Property, plant and equipment
32.8
35.4
35.4
34.6
33.4
31.5
30.6
29.9
28.9
28.1
Lease right-of-use assets
3.2
2.74
2.6
2.2
1.7
1.5
1.13
Goodwill
1.73
1.73
1.11
1.11
1.11
1.11
0
0
0
Intangible assets
0.7
0.62
0.34
0.3
0.25
0.2
0.16
0.11
Total assets
757
852
952
980
881
948
1,043
1,093
1,012
1,088
Total liabilities
694
785
882
913
818
881
984
1,049
1,008
993
Total debt
159
141
131
131
121
121
115
201
33.1
16.4
Paid-in capital
107
107
107
0.04
206
Retained earnings
-42.9
-38.8
-35.8
-38.8
-42.6
-37.5
-31.3
-47
-86.9
-99.6
Treasury stock
-1.18
-1.18
-1.18
-1.18
-1.18
Other comprehensive income
-0.12
-0.16
-0.83
-0.4
-0.52
-1.64
-15.6
-15.3
-15.7
-12.1
Shareholders' equity
62.6
66.7
69.3
67
63.2
67.3
59.6
44.4
4.27
94.7
Total equity
62.6
66.7
69.3
67
63.2
67.3
59.6
44.4
4.27
94.7
Total liabilities and equity
757
852
952
980
881
948
1,043
1,093
1,012
1,088
Shares outstanding
3.89
3.9
3.91
3.93
3.94
3.96
3.97
3.98
3.99
115
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
1.93
4.15
3.2
-2.82
-3.82
5.09
6.16
-4.18
-39.9
-12.7
Depreciation and amortization
1.21
1.27
1.49
1.6
1.51
1.52
1.33
1.19
1.08
0.99
Stock-based compensation
0.16
0.15
0.22
0.21
0.16
0.15
0.09
0.11
0.18
5.23
Deferred income tax
1.11
2.26
-0.27
-1.14
-0.32
-0.26
1.49
-4.21
23.8
0.06
Cash from operations
4.53
7.29
5.27
-11.9
6.28
7.6
7.04
-10.7
2.68
-14.2
Capital expenditures
-3.53
-3.06
-1.14
-0.55
-0.07
-0.43
-0.41
-0.41
-0.06
-0.17
Acquisitions
-5.07
Purchases of investments
-18.1
-11.2
-136
-19.3
-10.4
-2.32
-145
Sales and maturities of investments
7.87
2.36
2.27
Cash from investing
-99.1
-141
-26.9
-41.8
82.9
-55.2
-122
-27.2
135
-20.5
Debt issued
11.7
0
0
12
0
0
Debt repaid
0
0
-12
0
0
-2.88
Stock issued
0
0
85.6
Share buybacks
-1.02
-0
Dividends paid
-0.08
-0.15
-0.16
0
0
0
0
0
0
Cash from financing
101
90
39.3
26.7
-94
60
106
65.9
-41.6
79.2
Net change in cash
6.89
-43.6
17.7
-27
-4.77
12.4
-8.55
28
96.1
44.5
Free cash flow
1
4.23
4.13
-12.5
6.21
7.17
6.62
-11.1
2.63
-14.3
Interest paid
0
6.42
11.2
17.7
15
7.21
10.5
29.6
31.9
29.3
Income taxes paid
0.36
0.52
1.24
0.02
-0.66
0.14
0.1
3.54
0.07
-0.02
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 $1.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-7.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-0.5%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Operating cash flow growth, 1y
-628.1%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-645.7%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
2,120.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
16.7%
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
8.4%
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
7.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
1.4%
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
4.3%
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
1,832.0%
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
168.6%
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
81.2%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
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
-$0.16
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.15
Cash from operations / diluted weighted shares.
Book value per share
$0.76
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
1.34x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.34x
Market cap / tangible book value, when positive.
FCF yield
-15.6%
Free cash flow / market cap.
Earnings yield
-5.5%
Net income / market cap (the inverse of P/E).
Was PATRIOT NATIONAL BANCORP INC profitable in fiscal 2025?
No. It reported a net loss of $12.7M.
How much free cash flow did PATRIOT NATIONAL BANCORP INC generate in fiscal 2025?
Cash from operations of $14.2M minus capital expenditures of $172.0K left free cash flow of -$14.3M.
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.