Bancorp, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data 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				9.38	7.1	7.53	86.2	99.2	117	141
Cost of revenue	1.04	0.17	0.12	0.08
Gross profit				9.3
Interest expense	12.3	15.3	27.1	38.3	15.9	11.2	59.5	155
Pre-tax income	-69.5	40.4	120	72.5	108	144	178	257	292	303
Income tax	-12.7	23.1	32.2	21.2	27.7	33.7	47.7	64.5	74.6	74.8
Income from continuing operations	-56.8	17.3	87.5	51.3	80.6	110	130	192
Net income	-96.5	21.7	88.7	51.6	80.1	111	130	192	218	228
EPS, basic	-2.17	0.39	1.57	0.91	1.39	1.93	2.30	3.52	4.35	4.99
EPS, diluted	-2.17	0.39	1.55	0.90	1.37	1.88	2.27	3.49	4.29	4.92
Shares, basic (weighted)	44.6	55.7	56.3	56.8	57.5	57.2	56.6	54.5	50.1	45.8
Shares, diluted (weighted)	44.6	56.2	57.1	57.3	58.4	58.8	57.3	55.1	50.7	46.4

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	999	909	554	944	346	602	888	1,038	570	113
Property, plant and equipment	24.1	20.1	18.9	17.5	17.6	16.2	18.4	27.5	27.6	29.8
Goodwill						0.26	0.26	0.26	0.26	0.26
Intangible assets	6.91	5.38	3.85	2.32	2.85	2.45	2.05	1.65	1.3	0.86
Total assets	4,858	4,708	4,438	5,657	6,277	6,843	7,903	7,706	8,728	9,352
Short-term debt		0	0	0	0	0	0	0	0	199
Total liabilities	4,559	4,384	4,031	5,172	5,696	6,191	7,209	6,898	7,938	8,663
Total debt	263	42.3	41.7	41	40.3	39.5	10	38.6	14.1
Paid-in capital	361	363	366	372	377	350	299	212	3.23	24.2
Retained earnings	-112	-89.5	-0.82	50.7	128	239	369	562	779	1,007
Treasury stock	-0.87	-0.87	-0.87	-0.87	-0.87				-22.7	-401
Other comprehensive income	-4.21	-4.56	-14.2	6.05	17.7	6.29	-30.3	-20	-17.6	10.8
Shareholders' equity	299	324	407	484	581	652	694	807	790	690
Total equity	299	324	407	484	581	652	694	807	790	690
Total liabilities and equity	4,858	4,708	4,438	5,657	6,277	6,843	7,903	7,706	8,728	9,352
Shares outstanding		55.9	56.4	56.9	57.6	57.4	55.7	53.2	47.3	42.4

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-96.5	21.7	88.7	51.6	80.1	111	130	192	218	228
Depreciation and amortization	6.39	5.98	5.53	5.23	3.76	3.3	3.3	3.47	4.2	4.6
Stock-based compensation	2.76	3.25	3.45	5.69	6.43	8.63	7.59	11.4	15	19.6
Deferred income tax	-14.4	20.8	15.8	1.61	-1.35	1.4	5.87	-5.68	2.32	-9.25
Cash from operations	-162	-28.1	-174	66.9	121	83.9	120	187	210	265
Capital expenditures	-8.02	-0.52	-2.38	-2.01	-3.74	-1.55	-5.13	-12.7	-4.97	-7.09
Acquisitions					-3.92
Purchases of investments				-157	-34.7	-259	-24.2	-49	-991	-434
Sales and maturities of investments	214	278	208	174	234	492	161	71.1	243	305
Cash from investing	-155	-84.3	84.5	-793	-1,229	-306	-827	415	-1,491	-1,064
Debt issued					98.2					196
Debt repaid								-3.27		-96.4
Stock issued	74.8	-0.2	0.11	0.26	0.87	3.43	0.32	0.1		2.06
Share buybacks						-40	-60	-100	-252	-378
Cash from financing	161	22.3	-265	1,117	509	478	994	-452	813	342
Net change in cash	-156	-90.1	-355	390	-599	256	286	150	-468	-457
Free cash flow	-170	-28.6	-176	64.9	117	82.3	114	174	205	258
Interest paid	12.4	15.3	27	37.5	13.3	11.7	57.6	156	174	173
Income taxes paid	1.5	4.16	12.7	20.7	23	44.3	37.8	82.6	80.8	69.8

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 $50.58 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	24.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	32.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.5%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	20.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	17.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	81.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	4.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	20.6%	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	23.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	14.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	29.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	29.1%	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	26.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	30.4%	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	17.0%	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	25.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	31.1%	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	17.1%	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	-12.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-0.2%	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	3.5%	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	7.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.8%	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	8.3%	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	-8.5%	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	-6.8%	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	-4.5%	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	92.3%	Total liabilities / total assets.
Tangible book value	$705.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	100.6%	Free cash flow / net income, when net income is positive.
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	$5.55	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	$5.58	Free cash flow / diluted weighted shares.
Operating cash flow per share	$5.74	Cash from operations / diluted weighted shares.
Book value per share	$17.19	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$17.19	Tangible book value / shares outstanding.
Cash per share	$1.95	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	173.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.06B	Share price x shares outstanding.
Enterprise value	$1.98B	Market cap + total debt - cash - short-term investments.
P/E	8.89x	Market cap / net income. Only when net income is positive.
P/B	2.92x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.92x	Market cap / tangible book value, when positive.
P/FCF	8.84x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.59x	Market cap / cash from operations, when positive.
EV/FCF	8.50x	Enterprise value / free cash flow, when both are positive.
FCF yield	11.3%	Free cash flow / market cap.
Earnings yield	11.2%	Net income / market cap (the inverse of P/E).
Shareholder yield	19.6%	(Dividends paid + share buybacks) / market cap.
PEG	0.30x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Bancorp, Inc.'s revenue in fiscal 2025?

Bancorp, Inc. reported revenue of $141.1M for fiscal 2025, 20.8% higher than the year before.

Was Bancorp, Inc. profitable in fiscal 2025?

Yes. Net income was $228.2M, a net margin of 161.7%.

How much free cash flow did Bancorp, Inc. generate in fiscal 2025?

Cash from operations of $265.0M minus capital expenditures of $7.1M left free cash flow of $257.9M.

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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