COASTAL FINANCIAL CORPORATION
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $541.7M | $581.2M | $435.7M | $294.7M | $107.6M | $65.6M | $50.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | — | $61.2M | $57.3M | $148.8M | $71.0M | $38.0M | $24.8M | $23.2M |
| Operating Margin | — | 11.3% | 9.9% | 34.1% | 24.1% | 35.4% | 37.8% | 46.2% |
| Interest Expense | — | — | — | $91.6M | $20.4M | $3.6M | $5.7M | $6.6M |
| Pretax Income | — | $61.2M | $57.3M | $57.1M | $50.6M | $34.4M | $19.1M | $16.7M |
| Income Tax Expense | — | $14.3M | $12.1M | $12.6M | $10.0M | $7.4M | $4.0M | $3.5M |
| Net Income | — | $47.0M | $45.2M | $44.6M | $40.6M | $27.0M | $15.1M | $13.2M |
| Net Margin | — | 8.7% | 7.8% | 10.2% | 13.8% | 25.1% | 23.1% | 26.3% |
| EPS (Basic) | — | $3.12 | $3.35 | $3.36 | $3.14 | $2.25 | $1.27 | $1.11 |
| EPS (Diluted) | — | $3.06 | $3.26 | $3.27 | $3.01 | $2.16 | $1.24 | $1.08 |
| Shares Outstanding (Basic) | 15.2M | 15.1M | 13.5M | 13.3M | 12.9M | 12.0M | 11.9M | 11.9M |
| Shares Outstanding (Diluted) | 15.2M | 15.4M | 13.9M | 13.6M | 13.5M | 12.5M | 12.2M | 12.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |