Cash flow generation remains erratic, evidenced by an OCF/NI ratio that swung from 71.12 in 2024Q1 to -2.16 in 2025Q4, indicating a heavy reliance on tactical asset liquidations like the $156.5 million securities sale in 2025Q4.
Broadway Financial Corp. (BYFC) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash from Operations | 6.74M | 230K | 1.39M | 7.59M | 6.32M | 624K | -13.55M | 8.53M | 234K | -10.23M | 930K | 14.16M | 1.31M | 1.71M | 2.94M | 5.77M | 10.9M | 7.53M | 13M | -1.41M | 1.92M | -157K | 3.1M | 1.53M | 986K | -6.93M | 4.39M | 1.5M | -2.1M | 1.2M | 500K |
| Operating CF Growth % | 143.5% | -83.49% | -81.66% | 20.08% | 913.46% | 104.6% | -258.85% | 3546.58% | 102.29% | -1199.57% | -93.43% | 982.12% | -23.45% | -41.74% | -49.13% | -47.08% | 44.77% | -42.04% | 1019.75% | -173.63% | 1322.29% | -105.07% | 102.49% | 55.07% | 114.22% | -258.08% | 192.47% | 171.43% | -275% | 140% | - |
| Net Income | -20.31M | -24.81M | 1.95M | 4.51M | 5.71M | -3.95M | -642K | -206K | 815K | 1.87M | 3.48M | 9.07M | 2.53M | -301K | 588K | -14.26M | 1.92M | -6.46M | 2.3M | 1.45M | 1.66M | 1.66M | 1.71M | 1.55M | 1.44M | 685K | 677K | 400K | 200K | 600K | -300K |
| Depreciation & Amortization | 545K | 410K | 760K | 775K | 811K | 680K | 121K | 227K | 241K | 256K | 251K | 289K | 241K | 214K | 306K | 501K | 425K | 520K | 430K | 376K | 541K | 637K | 338K | 938K | 269K | 178K | -21K | 700K | 200K | 300K | 300K |
| Deferred Taxes | 1.98M | 27K | 0 | 0 | 0 | 369K | 0 | 0 | 0 | 1.85M | -2.24M | -4.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67K | -374K | 242K | -76K | 174K | 331K | 154K | -203K | -200K | 100K | 0 | -200K |
| Other Non-Cash Items | 27.39M | 24.61M | 15K | 26K | 89K | 567K | -13.29M | 8.09M | -1.16M | -15.42M | -84K | 6.01M | -2.6M | 90K | -23K | 16.92M | 6.98M | 20.28M | 872K | 363K | 203K | -1.88M | 663K | -1.31M | -1.35M | -7.93M | 3.4M | 500K | -1.7M | -200K | 800K |
| Working Capital Changes | -3.62M | -179K | -1.93M | 1.88M | -565K | 2.43M | -234K | 48K | 136K | 841K | -513K | 3.44M | 1.1M | 1.66M | 1.98M | 2.52M | 1.46M | -6.92M | 9.36M | -3.67M | -114K | -817K | 463K | 174K | 291K | -25K | 539K | 100K | -900K | 500K | -100K |
| Cash from Investing | -331.08M | -79.4M | 28.3M | -100.04M | -323.96M | 25.02M | 50.71M | -39.15M | -818K | 30.15M | -74.1M | -7.86M | -54.37M | 31.39M | 70.84M | 61.06M | 40.9M | -125.63M | -56.82M | -53.51M | -13.27M | -12.29M | -47.2M | -22.52M | -24.38M | -8.48M | 2.43M | -25.7M | -16M | -8.7M | -12.8M |
| Purchase of Investments | -175.69M | -150.47M | 0 | 0 | -215.5M | -16.52M | -2M | 0 | 0 | -6.68M | -2.5M | 0 | -10.46M | 0 | 0 | -537K | -832K | -12.12M | -772K | -7.05M | 0 | -36.24M | -43.1M | -69.88M | -91.72M | -11M | -87K | -9.1M | -25.2M | -5M | -12.3M |
| Sale/Maturity of Investments | 123.41M | 105.14M | 117.13M | 18.39M | 19.32M | 19.16M | 2.54M | 4.05M | 2.44M | 2.25M | 3.21M | 0 | 2.81M | 3.71M | 5.34M | 4.72M | 7.94M | 7.83M | 8.41M | 6.96M | 10.46M | 13.52M | 38.36M | 95.19M | 64.45M | 13.94M | 2.34M | 5.9M | 13.7M | 6M | 7.3M |
| Net Investment Activity | -52.29M | -45.33M | 117.13M | 18.39M | -196.18M | 2.64M | 537K | 4.05M | 2.44M | -4.42M | 708K | 0 | -7.65M | 3.71M | 5.34M | 4.18M | 7.11M | -4.29M | 7.64M | -88K | 10.46M | -22.72M | -4.75M | 25.31M | -27.27M | 2.94M | 2.25M | -3.2M | -11.5M | 1M | -5M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 84.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -278.55M | -33.83M | -88.69M | -118.23M | -127.46M | -61.22M | 50.59M | -43.16M | -3.19M | 34.76M | -74.65M | -7.75M | -46.51M | 28.03M | 65.52M | 56.91M | 33.95M | -121.08M | -64.2M | -52.7M | -23.6M | 10.56M | -41.97M | -47.64M | 3.16M | -11.13M | 377K | -20.9M | -2.8M | -7.4M | -6.6M |
| Cash from Financing | 343.73M | 28.31M | -73.53M | 181.54M | 102.22M | 109.82M | 43.39M | 29.53M | -4.98M | -16.14M | 23.77M | 40.75M | 15.65M | -39.27M | -41.02M | -57.21M | -37.26M | 118.06M | 46.97M | 53.94M | 6.87M | 14.74M | 43.97M | 23.26M | 23.51M | 10.39M | 312K | 20.2M | 20.5M | 7.1M | -200K |
| Dividends Paid | -3M | -3M | -1.57M | 0 | -15K | -60K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -527K | -951K | -554K | -470K | -437K | -381K | -354K | -347K | -240K | -203K | -164K | -200K | -200K | -200K | -200K |
| Share Repurchases | 0 | 0 | 0 | -1.78M | 0 | 0 | 0 | 0 | 0 | 0 | -4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -134K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 347K | 0 | 0 | 0 | 30.84M | 0 | 0 | 0 | 0 | 1.13M | 0 | 9.02M | 3.4M | 200K | 5K | 6K | 6K | 8K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | 0 | 347K | 0 | -1.78M | 0 | 30.84M | 0 | 0 | 0 | 0 | -2.87M | 0 | 9.02M | 3.4M | 200K | 5K | 6K | 6K | -126K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 0 | -1000K | -1000K | 400K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -222K | 1000K | 1000K | -1000K | 1000K | 1000K | 0 | 0 |
| Other Financing | 324.87M | 171.69M | 55.9M | 2.32M | -90.13M | 110.04M | 17.91M | 16.3M | -9.98M | 3.86M | 13.64M | 54.75M | 3.46M | -42.67M | -37.72M | -53.22M | -37.14M | 95.43M | 61.91M | 7.88M | 12.03M | 13.64M | 16.15M | 23.77M | 5.08M | 9.59M | 7.61M | 8M | 16.1M | 7.9M | -9.2M |
| Net Change in Cash | 19.39M | -50.86M | -43.83M | 89.09M | -215.41M | 135.41M | 80.54M | -1.08M | -5.57M | 3.79M | -49.41M | 47.05M | -37.41M | -6.16M | 32.76M | 9.62M | 14.54M | -36K | 3.15M | -979K | -4.48M | 2.29M | -131K | 2.27M | 120K | -5.03M | 7.13M | -4.1M | 2.4M | -5.2M | -17.8M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100K | 0 | 0 | 0 |
| Cash at Beginning | 26.61M | 61.37M | 105.19M | 16.11M | 231.52M | 96.11M | 15.57M | 16.65M | 22.22M | 18.43M | 67.84M | 20.79M | 58.2M | 64.36M | 31.6M | 21.98M | 7.44M | 7.48M | 4.33M | 5.31M | 9.79M | 7.5M | 7.63M | 5.36M | 5.24M | 10.27M | 3.13M | 7.2M | 4.8M | 5.2M | 17.8M |
| Cash at End | 48.91M | 10.51M | 61.37M | 105.19M | 16.11M | 231.52M | 96.11M | 15.57M | 16.65M | 22.22M | 18.43M | 67.84M | 20.79M | 58.2M | 64.36M | 31.6M | 21.98M | 7.44M | 7.48M | 4.33M | 5.31M | 9.79M | 7.5M | 7.63M | 5.36M | 5.24M | 10.27M | 3.1M | 7.2M | 12.3M | 17.6M |
| Interest Paid | 14.38M | 27.85M | 30.63M | 16.92M | 3.05M | 3.72M | 5.77M | 6.34M | 4.9M | 4.2M | 3.77M | 3.88M | 4.52M | 4.33M | 5.79M | 7.3M | 9.22M | 10.03M | 11.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 416K | 2.04M | 332K | 711K | 8K | 13K | 0 | 20K | 11K | 27K | 3K | 4K | 3K | 980K | 620K | 2.73M | 842K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 6.18M | -13K | 1.25M | 7.39M | 6M | -514K | -13.97M | 8.49M | 157K | -10.41M | 770K | 14.05M | 1.1M | 1.37M | 2.92M | 5.74M | 10.75M | 7.26M | 12.73M | -2.14M | 1.78M | -291K | 2.61M | 1.34M | 720K | -7.23M | 4.19M | -100K | -3.8M | -1.1M | -700K |
| FCF Growth % | 230.52% | -101.04% | -83.01% | 23.08% | 1267.51% | 96.32% | -264.51% | 5308.92% | 101.51% | -1451.82% | -94.52% | 1182.3% | -19.94% | -53.18% | -49.03% | -46.62% | 47.96% | -42.95% | 695.23% | -219.9% | 713.06% | -111.15% | 94.34% | 86.53% | 109.96% | -272.54% | 4288% | 97.37% | -245.45% | -57.14% | - |
Quick answers to the most common questions about buying BYFC stock.
Broadway Financial Corp. (BYFC) generated $0.2M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Broadway Financial Corp. (BYFC) reported negative free cash flow of $0.0M in 2025, indicating capital requirements exceeded cash from operations.
Broadway Financial Corp. (BYFC) spent $0.2M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Broadway Financial Corp. (BYFC) returned $3.0M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.
Key Metrics
Top Statement Risk
Urban CRE concentration risk
Metrics are mathematically derived from official filings.
Earnings Retention and Capital Constraints
According to quarterly financial data, Broadway Financial Corporation's ability to generate organic capital remains severely constrained, as evidenced by the erratic OCF/NI ratios that swung from 71.12 in 2024Q1 to -2.16 in 2025Q4, indicating that reported earnings are frequently decoupled from actual cash generation capabilities.
The bank's reliance on non-cash adjustments and volatile provision swings suggests that internal capital generation is insufficient to support meaningful balance sheet expansion. Investors should monitor whether the current capital structure, heavily reliant on government-subsidized programs, can sustain operations without further dilutive equity or debt issuance.
Securities Portfolio Liquidity and Reinvestment
As reported in financial statements, the bank's investment activity shows a pattern of aggressive portfolio liquidation, highlighted by a $156.5 million sale of investment securities in 2025Q4, which appears to be a tactical move to bolster liquidity rather than a strategic shift in duration management.
The significant variance between purchase and sale activity suggests that the bank is actively churning its securities portfolio to manage cash flow gaps. This behavior may indicate that the institution is struggling to maintain a stable liquidity buffer, forcing it to monetize assets to meet ongoing operational and funding requirements.
Dividend Sustainability Amidst Operational Losses
Based on reported figures, Broadway Financial Corporation has maintained a consistent quarterly dividend of $750,000 since 2024Q2, a policy that appears increasingly disconnected from the bank's underlying profitability and the significant net losses observed in periods like 2025Q3.
The decision to continue dividend payments despite negative net margins warrants further investigation into the bank's capital allocation priorities. This commitment may be intended to signal stability to institutional investors, yet it risks depleting the capital base necessary to absorb potential credit losses within the specialized CRE portfolio.
Provisioning Volatility and Cash Impact
Analysis of the cash flow statement reveals that provision for loan losses has fluctuated significantly, with a peak charge of $679,000 in 2025Q3, suggesting that the bank's cash position is highly sensitive to management's subjective assessments of credit risk in its urban church and charter school loan segments.
Because provisions are non-cash charges, the volatility observed here masks the true cash impact of credit deterioration on the bank's balance sheet. The lack of a consistent relationship between these provisions and actual cash outflows suggests that the bank's true credit risk profile may be obscured by accounting adjustments.