Bridgewater Bancshares, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $14.0M | $17.4M | $13.3M | $11.6M | $11.5M | $9.6M | $8.2M | $8.7M |
| Depreciation & Amortization | $692.0K | $618.0K | $587.0K | $625.0K | $629.0K | $627.0K | $601.0K | $589.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $227.0K | $226.0K | $231.0K | $230.0K | $230.0K | $230.0K | $52.0K | $9.0K |
| Stock-Based Compensation | $1.2M | $1.3M | $1.1M | $1.1M | $1.1M | $986.0K | $911.0K | $923.0K |
| Net Cash from Operating Activities | $10.0M | $16.0M | $7.0M | $10.1M | $3.6M | $7.1M | $34.6M | $-6.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $638.0K | $1.8M | $2.5M | $1.6M | $1.2M | $536.0K | $3.4M | $464.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-92.1M | $162.0M | $-36.9M | $-137.8M | $-108.0M | $-134.8M | $-87.0M | $62.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | $0 | $0 | $1.6M | $621.0K | $17.0K | $0 |
| Net Cash from Financing Activities | $29.8M | $-79.4M | $21.6M | $42.0M | $155.7M | $64.1M | $90.3M | $1.7M |
| Net Change in Cash | $-52.3M | $98.6M | $-8.3M | $-85.7M | $51.3M | $-63.6M | $37.9M | $57.8M |
| Free Cash Flow | $9.3M | $14.2M | $4.4M | $8.5M | $2.4M | $6.6M | $31.2M | $-6.5M |