15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | $50M | — | — | $61M | — | $39M |
| 2024 | — | $44M | — | — | $57M | — | $158M |
| 2023 | — | $37M | — | — | $49M | — | $140M |
| 2022 | — | $41M | — | — | $35M | — | $103M |
| 2021 | — | $36M | — | — | — | — | $57M |
| 2020 | — | $17M | — | — | — | — | $57M |
| 2019 | — | $23M | — | — | — | — | $67M |
| 2018 | — | $16M | — | — | — | — | $87M |
| 2017 | — | $12M | — | — | — | — | $53M |
| 2016 | — | $15M | — | — | — | — | $78M |
| 2015 | — | $17M | — | — | — | — | $114M |
| 2014 | — | $14M | — | — | — | — | $103M |
| 2013 | — | $14M | — | — | — | — | $103M |
| 2012 | — | $9M | — | — | — | $23M | $86M |
| 2011 | — | $8M | — | — | — | $51M | $130M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | $12M | — | — | $3M | — | $137M |
| Dec '25 | — | $13M | — | — | $16M | — | $39M |
| Sep '25 | — | $14M | — | — | $18M | — | $44M |
| Jun '25 | — | $11M | — | — | $16M | — | $123M |
| Mar '25 | — | $11M | — | — | $11M | — | $171M |
| Dec '24 | — | $14M | — | — | $22M | — | $158M |
| Sep '24 | — | $11M | — | — | $14M | — | $132M |
| Jun '24 | — | $10M | — | — | $13M | — | $81M |
| Mar '24 | — | $9M | — | — | $8M | — | $72M |
| Dec '23 | — | $10M | — | — | $13M | — | $140M |
| Sep '23 | — | $10M | — | — | $15M | — | $133M |
| Jun '23 | — | $8M | — | — | — | — | $113M |
| Mar '23 | — | $9M | — | — | — | — | $186M |
| Dec '22 | — | $10M | — | — | — | — | $103M |
| Sep '22 | — | $11M | — | — | — | — | $111M |
| Jun '22 | — | $11M | — | — | — | — | $95M |
| Mar '22 | — | $9M | — | — | — | — | $96M |
| Dec '21 | — | $9M | — | — | — | — | $57M |
| Sep '21 | — | $9M | — | — | — | — | $111M |
| Jun '21 | — | $8M | — | — | — | — | $390M |
How the market has priced FBIZ against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
See the revenue and net-income charts above for FIRST BUSINESS FINANCIAL SERVICES, INC.'s multi-year trend.
As of FY2025, FIRST BUSINESS FINANCIAL SERVICES, INC. reported — of total debt against $39M of cash.
In FY2025, gross margin was —, operating margin —, and net margin —.
As of Jun '26, FIRST BUSINESS FINANCIAL SERVICES, INC. traded at a price-to-earnings ratio of about 10.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.