Bogota Financial (BSBK) Financials

$9.04 +0.01 (+0.11%)

Closing price 07/10/2026 03:59 PM Eastern

Extended Trading

$9.06 +0.02 (+0.17%)

As of 07/10/2026 04:10 PM Eastern

Annual Income Statements for Bogota Financial

This table shows Bogota Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.14	2.43	2.07	7.52	6.88	0.64	-2.17	2.09
Consolidated Net Income / (Loss)	4.14	2.43	2.07	7.52	6.88	0.64	-2.17	2.09
Net Income / (Loss) Continuing Operations	4.14	2.43	2.07	7.52	6.88	0.64	-2.17	2.09
Total Pre-Tax Income	5.53	3.28	2.51	9.40	9.49	0.48	-2.54	2.07
Total Revenue	14	12	15	24	24	16	12	17
Net Interest Income / (Expense)	13	11	14	19	23	15	11	15
Total Interest Income	22	23	23	25	30	37	42	43
Loans and Leases Interest Income	19	20	21	23	26	32	33	34
Investment Securities Interest Income	1.98	1.92	1.61	1.97	3.68	4.16	6.94	7.94
Other Interest Income	0.81	0.99	0.79	0.42	0.40	1.07	1.40	1.54
Total Interest Expense	8.76	12	9.68	5.79	7.27	22	31	28
Deposits Interest Expense	-	9.91	7.76	4.27	5.11	18	25	22
Short-Term Borrowings Interest Expense	-	2.06	1.92	1.52	2.16	4.28	6.61	5.08
Total Non-Interest Income	0.61	0.54	1.11	4.49	1.12	1.14	1.35	1.77
Other Service Charges	0.04	0.14	0.08	0.32	0.34	0.33	0.37	0.06
Net Realized & Unrealized Capital Gains on Investments	-	-	0.00	2.74	0.09	0.03	0.11	0.04
Investment Banking Income	0.12	-	-	-	-	-	-	0.23
Other Non-Interest Income	0.46	0.41	1.03	1.44	0.69	0.78	0.87	1.44
Provision for Credit Losses	0.00	0.00	0.20	-0.09	0.43	-0.13	-0.15	-0.13
Total Non-Interest Expense	8.32	8.43	12	14	14	16	15	15
Salaries and Employee Benefits	4.48	4.87	5.13	7.74	8.71	9.82	8.75	8.50
Net Occupancy & Equipment Expense	1.73	1.60	1.37	2.30	2.52	2.44	2.67	3.84
Marketing Expense	0.26	0.26	0.18	0.28	0.49	0.47	0.37	0.17
Property & Liability Insurance Claims	0.19	0.04	0.16	0.22	0.22	0.42	0.42	0.40
Other Operating Expenses	1.66	1.66	5.15	3.54	2.33	2.61	2.37	2.38
Income Tax Expense	1.39	0.85	0.44	1.88	2.61	-0.16	-0.37	-0.02
Basic Earnings per Share	-	$0.00	$0.17	$0.55	$0.51	$0.05	($0.17)	$0.17
Weighted Average Basic Shares Outstanding	-	0.00	12.17M	13.73M	13.57M	12.89M	12.77M	12.63M
Diluted Earnings per Share	-	-	$0.17	$0.54	$0.51	$0.05	($0.17)	$0.17
Weighted Average Diluted Shares Outstanding	-	20.39M	12.17M	13.90M	13.58M	12.89M	12.77M	12.50M
Weighted Average Basic & Diluted Shares Outstanding	-	20.39M	22.93M	24.23M	22.08M	13.25M	8.50M	12.92M

This table shows Bogota Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-0.03	-1.18	-0.44	-0.43	-0.37	-0.93	0.73	0.22	0.45	0.68	0.71
Consolidated Net Income / (Loss)	-0.03	-1.18	-0.44	-0.43	-0.37	-0.93	0.73	0.22	0.45	0.68	0.71
Net Income / (Loss) Continuing Operations	-0.03	-1.18	-0.44	-0.43	-0.37	-0.93	0.73	0.22	0.45	0.68	0.71
Total Pre-Tax Income	-0.15	-1.73	-0.73	-0.71	-0.62	-0.48	0.70	0.17	0.53	0.67	0.92
Total Revenue	3.51	3.22	2.95	3.05	2.98	2.92	4.48	4.03	4.22	4.51	4.75
Net Interest Income / (Expense)	3.22	2.94	2.65	2.74	2.66	2.50	3.59	3.69	3.89	4.29	4.43
Total Interest Income	9.29	9.57	10	10	11	11	11	11	11	11	10
Loans and Leases Interest Income	7.98	8.22	8.21	8.30	8.38	8.52	8.60	8.29	8.21	8.41	7.99
Investment Securities Interest Income	1.01	1.04	1.53	1.86	1.90	1.65	1.83	1.95	2.10	2.06	2.26
Other Interest Income	0.30	0.30	0.32	0.31	0.34	0.42	0.49	0.27	0.31	0.48	0.24
Total Interest Expense	6.07	6.63	7.41	7.73	7.96	8.10	7.33	6.81	6.73	6.66	6.06
Deposits Interest Expense	4.85	5.25	5.97	6.25	6.16	6.20	5.76	5.52	5.62	5.54	4.99
Short-Term Borrowings Interest Expense	1.22	1.38	1.44	1.48	1.80	1.89	1.57	1.29	1.11	1.12	1.07
Total Non-Interest Income	0.29	0.28	0.30	0.30	0.33	0.42	0.89	0.33	0.32	0.23	0.32
Other Service Charges	0.09	0.08	0.09	0.09	0.09	0.10	0.10	0.09	0.10	-0.23	0.10
Net Realized & Unrealized Capital Gains on Investments	0.00	-	0.00	0.00	0.01	0.09	0.03	0.01	0.00	-	0.00
Other Non-Interest Income	0.20	0.21	0.21	0.22	0.22	0.22	0.76	0.23	0.22	0.22	0.22
Provision for Credit Losses	0.00	-	0.04	0.04	0.00	-0.22	-0.08	0.00	-0.05	-	0.05
Total Non-Interest Expense	3.66	4.95	3.64	3.73	3.60	3.62	3.86	3.85	3.74	3.84	3.78
Salaries and Employee Benefits	2.27	3.08	2.16	2.14	2.10	2.35	2.08	2.06	2.02	2.34	2.05
Net Occupancy & Equipment Expense	0.58	0.61	0.67	0.69	0.69	0.62	0.99	0.95	0.93	0.97	0.97
Marketing Expense	0.13	0.10	0.11	0.12	0.09	0.06	0.11	0.02	0.01	0.04	0.05
Property & Liability Insurance Claims	0.13	0.10	0.10	0.11	0.11	0.11	0.11	0.10	0.10	0.09	0.10
Other Operating Expenses	0.55	1.06	0.60	0.68	0.62	0.48	0.58	0.73	0.67	0.40	0.60
Income Tax Expense	-0.13	-0.55	-0.29	-0.28	-0.25	0.45	-0.03	-0.05	0.07	-0.01	0.21
Basic Earnings per Share	$0.00	($0.10)	($0.03)	($0.03)	($0.03)	($0.08)	$0.06	$0.02	$0.04	$0.05	$0.06
Weighted Average Basic Shares Outstanding	13.04M	12.89M	12.85M	12.80M	12.70M	12.77M	12.65M	12.64M	12.64M	12.63M	12.61M
Diluted Earnings per Share	$0.00	($0.10)	($0.03)	($0.03)	($0.03)	($0.08)	$0.06	$0.02	$0.04	$0.05	$0.06
Weighted Average Diluted Shares Outstanding	13.04M	12.89M	12.85M	12.80M	12.70M	12.77M	12.65M	12.64M	12.65M	12.50M	12.61M
Weighted Average Basic & Diluted Shares Outstanding	13.33M	13.25M	13.26M	13.12M	13.07M	8.50M	13.01M	13.01M	12.97M	12.92M	12.85M

This table details how cash moves in and out of Bogota Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	1.96	103	-47	25	-88	8.09	27	-17
Net Cash From Operating Activities	4.18	2.57	5.80	5.96	11	1.44	-2.56	3.20
Net Cash From Continuing Operating Activities	4.18	2.57	5.80	5.96	11	1.44	-2.56	3.20
Net Income / (Loss) Continuing Operations	4.14	2.43	2.07	7.52	6.88	0.64	-2.17	2.09
Consolidated Net Income / (Loss)	4.14	2.43	2.07	7.52	6.88	0.64	-2.17	2.09
Provision For Loan Losses	0.00	0.00	0.20	-0.09	0.43	-0.13	-0.15	-0.13
Depreciation Expense	0.31	0.30	0.27	0.42	0.49	0.51	0.50	0.40
Amortization Expense	0.60	0.56	0.90	-0.04	-0.22	0.12	0.22	0.23
Non-Cash Adjustments to Reconcile Net Income	-0.46	-0.49	1.64	-1.67	2.19	-0.28	-0.32	-0.38
Changes in Operating Assets and Liabilities, net	-0.41	-0.22	0.72	-0.18	1.10	0.57	-0.64	0.99
Net Cash From Investing Activities	-22	1.65	-22	35	-211	22	10	50
Net Cash From Continuing Investing Activities	-22	1.65	-22	35	-211	22	10	50
Purchase of Property, Leasehold Improvements and Equipment	-0.52	-0.16	-1.75	-1.46	-0.24	-0.32	-0.59	-0.07
Purchase of Investment Securities	-47	-13	-46	-24	-255	-14	-95	-2.27
Sale of Property, Leasehold Improvements and Equipment	-	-	-	-	-	0.00	12	0.00
Sale and/or Maturity of Investments	14	28	28	41	44	36	94	52
Net Cash From Financing Activities	19	99	-31	-16	112	-15	20	-70
Net Cash From Continuing Financing Activities	19	99	-31	-16	112	-15	20	-70
Net Change in Deposits	34	-13	4.22	14	104	-76	17	10
Issuance of Debt	21	80	15	2.00	17	87	13	-69
Repayment of Debt	-35	-58	-14	-31	-	-22	-8.00	-9.50
Repurchase of Common Equity	-	-	0.00	-0.48	-10	-3.81	-1.70	-1.13
Other Financing Activities, Net	0.23	89	-44	-0.35	0.32	-0.44	0.08	-0.22
Cash Interest Paid	8.76	12	9.68	5.92	6.90	22	31	28
Cash Income Taxes Paid	2.19	0.60	1.16	1.71	2.23	1.38	0.04	0.10

This table details how cash moves in and out of Bogota Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-4.04	-0.05	-10	2.78	3.41	31	-27	-5.28	11	4.35	-7.67
Net Cash From Operating Activities	0.07	-0.22	-2.88	1.65	-0.29	-1.04	-0.02	1.92	0.29	1.01	0.70
Net Cash From Continuing Operating Activities	0.07	-0.22	-2.88	1.65	-0.29	-1.04	-0.02	1.92	0.29	1.01	0.70
Net Income / (Loss) Continuing Operations	-0.03	-1.18	-0.44	-0.43	-0.37	-0.93	0.73	0.22	0.45	0.68	0.71
Consolidated Net Income / (Loss)	-0.03	-1.18	-0.44	-0.43	-0.37	-0.93	0.73	0.22	0.45	0.68	0.71
Provision For Loan Losses	-	-	0.04	0.04	-	-0.22	-0.08	-	-0.05	-	0.05
Depreciation Expense	0.13	0.13	0.13	0.12	0.13	0.12	0.10	0.10	0.10	0.10	0.09
Amortization Expense	0.09	0.07	0.06	0.00	0.18	-0.02	-0.04	0.13	0.16	-0.03	0.33
Non-Cash Adjustments to Reconcile Net Income	0.09	-0.47	-0.50	0.11	-0.63	0.70	-0.52	-0.02	-0.56	0.74	0.06
Changes in Operating Assets and Liabilities, net	-0.21	1.22	-2.16	1.81	0.40	-0.69	-0.21	1.48	0.19	-0.48	-0.53
Net Cash From Investing Activities	0.13	-11	-29	-12	0.86	50	15	0.92	8.33	25	20
Net Cash From Continuing Investing Activities	0.13	-11	-29	-12	0.86	50	15	0.92	8.33	25	20
Purchase of Property, Leasehold Improvements and Equipment	-0.10	-0.05	-0.27	-0.23	-0.04	-0.05	-0.04	-	-0.02	-0.02	-0.03
Purchase of Investment Securities	-2.32	-6.07	-46	-8.94	9.34	-49	-14	2.12	-44	54	-1.58
Sale and/or Maturity of Investments	2.55	-4.68	17	-2.92	1.96	77	29	-1.20	53	-28	22
Net Cash From Financing Activities	-4.24	11	22	13	2.84	-18	-42	-8.12	2.29	-22	-29
Net Cash From Continuing Financing Activities	-4.24	11	22	13	2.84	-18	-42	-8.12	2.29	-22	-29
Net Change in Deposits	-11	-20	40	-16	-20	13	-9.15	-4.80	19	5.69	-52
Issuance of Debt	38	11	10	-10	-	13	-5.00	-	-	-69	39
Repayment of Debt	-30	21	-28	40	23	-43	-27	-3.83	-17	43	-16
Repurchase of Common Equity	-0.82	-0.74	-0.27	-0.73	-0.41	-0.28	-0.40	-	0.36	-1.08	-0.12
Other Financing Activities, Net	-0.22	-0.73	0.27	0.24	0.00	-0.43	-0.10	0.52	-0.06	-0.57	0.29
Cash Interest Paid	5.66	6.38	7.41	7.73	7.96	7.64	0.49	6.81	6.73	7.22	0.24
Cash Income Taxes Paid	0.15	-	0.00	0.04	-	-	0.00	0.10	-	-	0.00

This table presents Bogota Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	665	767	741	837	951	939	971	905
Cash and Due from Banks	5.74	5.18	5.96	14	8.16	14	18	12
Interest Bearing Deposits at Other Banks	19	123	74	91	8.68	11	34	24
Trading Account Securities	84	70	69	116	163	142	140	160
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	4.66	4.20	5.67	8.13	7.88	7.69	4.73	4.40
Intangible Assets	-	-	0.00	0.34	0.27	0.21	0.15	0.11
Other Assets	26	28	28	37	764	765	774	704
Total Liabilities & Shareholders' Equity	665	767	741	837	951	939	971	905
Total Liabilities	593	692	612	690	811	802	834	764
Non-Interest Bearing Deposits	13	16	27	39	39	31	33	28
Interest Bearing Deposits	502	485	477	561	666	598	612	627
Long-Term Debt	75	97	104	85	102	168	172	93
Other Long-Term Liabilities	3.27	94	3.61	4.40	4.53	6.38	17	16
Total Equity & Noncontrolling Interests	72	75	128	148	140	137	137	141
Total Preferred & Common Equity	72	75	128	148	140	137	137	141
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	72	75	128	148	140	137	137	141
Common Stock	-	0.00	57	68	59	56	55	55
Retained Earnings	73	75	77	85	92	92	90	92
Accumulated Other Comprehensive Income / (Loss)	-0.32	-0.31	-0.27	-0.27	-6.21	-6.46	-3.60	-2.05
Other Equity Adjustments	-	0.00	-5.73	-5.42	-5.12	-4.82	-4.52	-4.22

This table presents Bogota Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	927	961	975	979	930	922	926	877
Cash and Due from Banks	7.21	6.51	8.27	11	8.30	9.47	9.71	13
Interest Bearing Deposits at Other Banks	18	7.93	9.32	10	17	11	22	15
Trading Account Securities	134	179	188	189	138	145	163	147
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	7.77	7.83	7.94	7.85	4.66	4.56	4.48	4.34
Intangible Assets	0.22	0.19	0.18	0.17	0.14	0.13	0.12	0.10
Other Assets	760	760	761	761	762	752	727	698
Total Liabilities & Shareholders' Equity	927	961	975	979	930	922	926	877
Total Liabilities	789	824	838	842	792	783	785	735
Non-Interest Bearing Deposits	33	30	33	32	33	31	29	29
Interest Bearing Deposits	615	639	619	600	603	601	621	575
Long-Term Debt	135	149	179	203	140	136	119	116
Other Long-Term Liabilities	5.32	6.55	6.60	6.85	16	16	16	16
Total Equity & Noncontrolling Interests	138	136	136	137	138	138	141	142
Total Preferred & Common Equity	138	136	136	137	138	138	141	142
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	138	136	136	137	138	138	141	142
Common Stock	57	56	56	55	55	55	55	55
Retained Earnings	93	92	91	91	91	91	91	93
Accumulated Other Comprehensive Income / (Loss)	-7.63	-6.77	-5.98	-4.85	-3.24	-3.54	-1.93	-1.77
Other Equity Adjustments	-4.90	-4.75	-4.67	-4.60	-4.45	-4.37	-4.29	-4.14

This table displays calculated financial ratios and metrics derived from Bogota Financial's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	13,157,525.00	14,631,679.00	14,059,388.00	13,327,266.00	13,074,928.00	12,968,697.00
DEI Adjusted Shares Outstanding	0.00	0.00	13,157,525.00	14,631,679.00	14,059,388.00	13,327,266.00	13,074,928.00	12,968,697.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.16	0.51	0.49	0.05	-0.17	0.16
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-15.39%	25.53%	61.67%	1.81%	-33.42%	-26.15%	44.87%
EBITDA Growth	0.00%	-35.69%	-11.09%	165.50%	-0.15%	-88.61%	-263.94%	248.41%
EBIT Growth	0.00%	-40.68%	-23.58%	274.98%	1.02%	-94.94%	-629.16%	181.53%
NOPAT Growth	0.00%	-41.31%	-14.81%	263.60%	-8.55%	-90.66%	-376.93%	217.50%
Net Income Growth	0.00%	-41.31%	-14.81%	263.60%	-8.55%	-90.66%	-437.79%	196.33%
EPS Growth	0.00%	0.00%	0.00%	217.65%	-5.56%	-90.20%	-440.00%	200.00%
Operating Cash Flow Growth	0.00%	-38.43%	125.50%	2.71%	82.11%	-86.76%	-278.10%	225.13%
Free Cash Flow Firm Growth	0.00%	0.00%	-160.24%	113.05%	-132.33%	-2,416.28%	89.75%	1,312.17%
Invested Capital Growth	0.00%	16.96%	35.27%	-0.06%	4.02%	25.99%	1.51%	-24.31%
Revenue Q/Q Growth	0.00%	0.00%	26.70%	0.27%	0.76%	-16.03%	-2.48%	10.21%
EBITDA Q/Q Growth	0.00%	0.00%	125.39%	-14.02%	-1.62%	-78.02%	38.59%	70.71%
EBIT Q/Q Growth	0.00%	0.00%	1,570.46%	-12.30%	2.13%	-90.08%	32.89%	124.77%
NOPAT Q/Q Growth	0.00%	0.00%	14.35%	15.10%	-1.85%	-82.74%	32.89%	335.61%
Net Income Q/Q Growth	0.00%	0.00%	14.35%	15.10%	-1.85%	-82.74%	10.25%	335.61%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	2.00%	-83.33%	10.53%	325.00%
Operating Cash Flow Q/Q Growth	0.00%	-18.07%	15.97%	-76.11%	222.73%	-58.22%	-46.94%	177.45%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	20.24%	90.67%	-429,866.52%	90.78%	-3.20%
Invested Capital Q/Q Growth	0.00%	0.00%	-1.18%	-1.31%	-10.12%	11.68%	-8.85%	-9.95%
Profitability Metrics	-	-	-	-	-	-	-	-
EBITDA Margin	46.49%	35.34%	25.03%	41.10%	40.31%	6.90%	-15.31%	15.68%
EBIT Margin	39.93%	27.99%	17.04%	39.52%	39.22%	2.98%	-21.36%	12.02%
Profit (Net Income) Margin	29.88%	20.73%	14.07%	31.64%	28.42%	3.99%	-18.24%	12.13%
Tax Burden Percent	74.84%	74.06%	82.55%	80.04%	72.45%	133.76%	85.38%	100.88%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	25.16%	25.95%	17.45%	19.96%	27.55%	-33.76%	0.00%	-0.88%
Return on Invested Capital (ROIC)	2.81%	1.52%	1.02%	3.23%	2.90%	0.24%	-0.58%	0.77%
ROIC Less NNEP Spread (ROIC-NNEP)	2.81%	1.52%	1.02%	3.23%	2.90%	0.24%	-0.81%	0.77%
Return on Net Nonoperating Assets (RNNOA)	2.90%	1.77%	1.01%	2.22%	1.89%	0.23%	-1.00%	0.73%
Return on Equity (ROE)	5.71%	3.29%	2.03%	5.45%	4.79%	0.46%	-1.58%	1.50%
Cash Return on Invested Capital (CROIC)	0.00%	-14.11%	-28.96%	3.29%	-1.04%	-22.76%	-2.08%	28.44%
Operating Return on Assets (OROA)	0.83%	0.46%	0.33%	1.19%	1.06%	0.05%	-0.27%	0.22%
Return on Assets (ROA)	0.62%	0.34%	0.27%	0.95%	0.77%	0.07%	-0.23%	0.22%
Return on Common Equity (ROCE)	5.71%	3.29%	2.03%	5.45%	4.79%	0.46%	-1.58%	1.50%
Return on Equity Simple (ROE_SIMPLE)	5.71%	3.24%	1.61%	5.10%	4.92%	0.47%	-1.58%	1.48%
Net Operating Profit after Tax (NOPAT)	4.14	2.43	2.07	7.52	6.88	0.64	-1.78	2.09
NOPAT Margin	29.88%	20.73%	14.07%	31.64%	28.42%	3.99%	-14.95%	12.13%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.23%	0.00%
SG&A Expenses to Revenue	46.68%	57.43%	45.45%	43.41%	48.47%	79.00%	99.10%	72.56%
Operating Expenses to Revenue	60.07%	72.01%	81.60%	60.85%	59.03%	97.79%	122.61%	88.73%
Earnings before Interest and Taxes (EBIT)	5.53	3.28	2.51	9.40	9.49	0.48	-2.54	2.07
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.44	4.14	3.68	9.77	9.76	1.11	-1.82	2.70
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.91	1.01	1.13	0.78	0.71	0.78
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.91	1.01	1.13	0.78	0.72	0.78
Price to Revenue (P/Rev)	0.00	0.00	7.97	6.27	6.49	6.66	8.24	6.36
Price to Earnings (P/E)	0.00	0.00	56.68	19.81	22.86	166.97	0.00	52.41
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	1.76%	5.05%	4.38%	0.60%	0.00%	1.91%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.61	0.55	1.00	0.82	0.70	0.71
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	9.60	5.42	10.03	15.52	18.32	9.71
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	38.35	13.20	24.88	225.03	0.00	61.89
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	56.33	13.72	25.57	520.52	0.00	80.73
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	68.24	17.15	35.29	389.15	0.00	80.02
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	24.32	21.63	22.35	173.96	0.00	52.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	16.85	0.00	0.00	0.00	2.16
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	1.03	1.29	0.81	0.58	0.73	1.22	1.25	0.66
Long-Term Debt to Equity	1.03	1.29	0.81	0.58	0.73	1.22	1.25	0.66
Financial Leverage	1.03	1.16	0.99	0.69	0.65	0.98	1.24	0.95
Leverage Ratio	9.18	9.71	7.41	5.72	6.23	6.83	6.96	6.75
Compound Leverage Factor	9.18	9.71	7.41	5.72	6.23	6.83	6.96	6.75
Debt to Total Capital	50.73%	56.43%	44.81%	36.56%	42.28%	55.00%	55.64%	39.84%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	50.73%	56.43%	44.81%	36.56%	42.28%	55.00%	55.64%	39.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.27%	43.57%	55.19%	63.44%	57.72%	45.00%	44.36%	60.16%
Debt to EBITDA	11.60	23.46	28.34	8.71	10.49	150.91	-94.51	34.52
Net Debt to EBITDA	7.79	-7.43	6.50	-2.05	8.76	128.48	-65.84	21.35
Long-Term Debt to EBITDA	11.60	23.46	28.34	8.71	10.49	150.91	-94.51	34.52
Debt to NOPAT	18.04	39.99	50.43	11.31	14.88	260.98	-96.76	44.64
Net Debt to NOPAT	12.12	-12.67	11.56	-2.66	12.43	222.18	-67.41	27.61
Long-Term Debt to NOPAT	18.04	39.99	50.43	11.31	14.88	260.98	-96.76	44.64
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-23	-59	7.65	-2.47	-62	-6.38	77
Operating Cash Flow to CapEx	797.85%	1,615.78%	332.25%	409.24%	4,495.80%	451.95%	0.00%	4,552.25%
Free Cash Flow to Firm to Interest Expense	0.00	-1.88	-6.06	1.32	-0.34	-2.79	-0.20	2.81
Operating Cash Flow to Interest Expense	0.48	0.22	0.60	1.03	1.49	0.06	-0.08	0.12
Operating Cash Flow Less CapEx to Interest Expense	0.42	0.20	0.42	0.78	1.46	0.05	0.29	0.11
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.02	0.02	0.03	0.03	0.02	0.01	0.02
Fixed Asset Turnover	2.97	2.65	2.98	3.45	3.02	2.07	1.92	3.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	147	172	233	233	242	305	309	234
Invested Capital Turnover	0.09	0.07	0.07	0.10	0.10	0.06	0.04	0.06
Increase / (Decrease) in Invested Capital	0.00	25	61	-0.13	9.35	63	4.60	-75
Enterprise Value (EV)	0.00	0.00	141	129	243	250	218	167
Market Capitalization	0.00	0.00	117	149	157	107	98	110
Book Value per Share	$0.00	$3.68	$9.76	$10.09	$9.93	$10.29	$10.50	$10.87
Tangible Book Value per Share	$0.00	$3.68	$9.76	$10.06	$9.91	$10.28	$10.49	$10.86
Total Capital	147	172	233	233	242	305	309	234
Total Debt	75	97	104	85	102	168	172	93
Total Long-Term Debt	75	97	104	85	102	168	172	93
Net Debt	50	-31	24	-20	85	143	120	58
Capital Expenditures (CapEx)	0.52	0.16	1.75	1.46	0.24	0.32	-11	0.07
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.39	0.00
Net Nonoperating Obligations (NNO)	75	97	104	85	102	168	172	93
Total Depreciation and Amortization (D&A)	0.91	0.86	1.17	0.37	0.26	0.63	0.72	0.63
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.17	$0.55	$0.51	$0.05	($0.17)	$0.17
Adjusted Weighted Average Basic Shares Outstanding	0.00	20.39M	12.17M	13.73M	13.57M	12.89M	12.77M	12.63M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.54	$0.51	$0.05	($0.17)	$0.17
Adjusted Weighted Average Diluted Shares Outstanding	0.00	20.39M	22.93M	13.90M	13.58M	12.89M	12.77M	12.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	20.39M	22.93M	24.23M	22.08M	13.25M	8.50M	12.92M
Normalized Net Operating Profit after Tax (NOPAT)	4.14	2.43	2.07	7.83	6.88	0.34	-1.78	1.45
Normalized NOPAT Margin	29.88%	20.73%	14.07%	32.96%	28.42%	2.09%	-14.95%	8.42%
Pre Tax Income Margin	39.93%	27.99%	17.04%	39.52%	39.22%	2.98%	-21.36%	12.02%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.63	0.27	0.26	1.62	1.31	0.02	-0.08	0.08
NOPAT to Interest Expense	0.47	0.20	0.21	1.30	0.95	0.03	-0.06	0.08
EBIT Less CapEx to Interest Expense	0.57	0.26	0.08	1.37	1.27	0.01	0.29	0.07
NOPAT Less CapEx to Interest Expense	0.41	0.19	0.03	1.05	0.91	0.01	0.31	0.07
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	6.40%	146.42%	592.99%	-78.12%	53.87%

This table displays calculated financial ratios and metrics derived from Bogota Financial's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	13,471,757.00	13,327,266.00	13,246,147.00	13,256,147.00	13,121,355.00	13,074,928.00	8,504,556.00	13,008,964.00	13,008,389.00	12,968,697.00	12,919,366.00
DEI Adjusted Shares Outstanding	13,471,757.00	13,327,266.00	13,246,147.00	13,256,147.00	13,121,355.00	13,074,928.00	8,504,556.00	13,008,964.00	13,008,389.00	12,968,697.00	12,919,366.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.09	-0.03	-0.03	-0.03	-0.07	0.09	0.02	0.03	0.05	0.05
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-45.87%	-48.85%	-38.64%	-33.43%	-14.89%	-9.40%	51.94%	32.14%	41.23%	54.74%	5.91%
EBITDA Growth	-97.70%	-163.19%	-136.23%	-154.52%	-546.52%	74.95%	240.96%	168.85%	351.98%	292.66%	76.12%
EBIT Growth	-105.79%	-165.48%	-156.38%	-166.74%	-301.88%	72.18%	196.59%	124.07%	185.05%	239.60%	30.61%
NOPAT Growth	-105.60%	-163.47%	-151.32%	-158.33%	-301.88%	72.18%	243.48%	144.91%	204.72%	302.55%	-3.42%
Net Income Growth	-101.50%	-161.88%	-144.42%	-150.49%	-1,163.07%	21.04%	265.76%	151.89%	223.89%	173.21%	-3.42%
EPS Growth	-100.00%	-166.67%	-137.50%	-142.86%	0.00%	20.00%	300.00%	166.67%	233.33%	162.50%	0.00%
Operating Cash Flow Growth	-97.59%	-112.61%	-336.76%	338.01%	-523.11%	-364.60%	99.44%	16.32%	201.60%	196.62%	4,487.21%
Free Cash Flow Firm Growth	87.82%	-760.64%	-29.77%	-406.26%	-1,641.27%	92.30%	124.10%	183.52%	219.24%	1,638.07%	144.92%
Invested Capital Growth	1.39%	25.99%	13.80%	18.52%	24.38%	1.51%	-2.71%	-13.11%	-23.39%	-24.31%	-7.21%
Revenue Q/Q Growth	-23.37%	-8.17%	-8.39%	3.27%	-2.04%	-2.25%	53.64%	-10.18%	4.70%	7.10%	5.16%
EBITDA Q/Q Growth	-93.54%	-2,292.67%	64.64%	-8.87%	47.10%	-23.02%	298.95%	-47.96%	93.62%	-5.94%	81.86%
EBIT Q/Q Growth	-114.43%	-1,018.27%	57.83%	1.91%	13.12%	22.58%	246.39%	-75.56%	206.99%	27.08%	36.97%
NOPAT Q/Q Growth	-112.61%	-1,018.27%	57.83%	1.91%	13.12%	22.58%	317.47%	-69.30%	102.60%	49.75%	3.69%
Net Income Q/Q Growth	-103.39%	-3,953.83%	62.56%	1.93%	15.15%	-153.43%	178.60%	-69.30%	102.60%	49.75%	3.69%
EPS Q/Q Growth	-100.00%	0.00%	70.00%	0.00%	0.00%	-166.67%	175.00%	-66.67%	100.00%	25.00%	20.00%
Operating Cash Flow Q/Q Growth	-81.95%	-429.64%	-1,184.42%	157.30%	-117.44%	-261.96%	98.46%	12,089.35%	-84.77%	244.21%	-30.21%
Free Cash Flow Firm Q/Q Growth	60.94%	-1,566.41%	45.14%	-41.77%	-34.35%	92.63%	271.70%	391.29%	91.80%	-4.94%	-72.66%
Invested Capital Q/Q Growth	2.45%	11.68%	-6.26%	10.51%	7.51%	-8.85%	-10.16%	-1.31%	-5.20%	-9.95%	10.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	1.99%	-47.43%	-18.30%	-19.30%	-10.42%	-13.11%	16.98%	10.05%	18.59%	16.33%	28.24%
EBIT Margin	-4.40%	-53.59%	-24.67%	-23.43%	-20.78%	-16.46%	15.68%	4.27%	12.51%	14.85%	19.34%
Profit (Net Income) Margin	-0.83%	-36.57%	-14.95%	-14.19%	-12.29%	-31.87%	16.31%	5.57%	10.78%	15.08%	14.87%
Tax Burden Percent	18.83%	68.25%	60.59%	60.58%	59.17%	193.68%	103.98%	130.60%	86.19%	101.57%	76.89%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.98%	-30.60%	13.81%	-1.57%	23.11%
Return on Invested Capital (ROIC)	-0.22%	-2.21%	-0.92%	-0.72%	-0.58%	-0.45%	0.78%	0.27%	0.56%	0.96%	0.97%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.16%	-2.19%	-0.86%	-0.67%	-0.54%	-0.80%	0.78%	0.27%	0.56%	0.96%	0.97%
Return on Net Nonoperating Assets (RNNOA)	-0.15%	-2.13%	-0.82%	-0.75%	-0.66%	-0.99%	0.82%	0.31%	0.65%	0.91%	0.89%
Return on Equity (ROE)	-0.37%	-4.34%	-1.74%	-1.47%	-1.24%	-1.43%	1.59%	0.58%	1.22%	1.87%	1.86%
Cash Return on Invested Capital (CROIC)	-0.01%	-22.76%	-13.31%	-17.75%	-22.59%	-2.08%	2.47%	13.98%	26.64%	28.44%	8.25%
Operating Return on Assets (OROA)	-0.09%	-0.91%	-0.37%	-0.31%	-0.27%	-0.21%	0.22%	0.06%	0.21%	0.27%	0.37%
Return on Assets (ROA)	-0.02%	-0.62%	-0.22%	-0.19%	-0.16%	-0.40%	0.23%	0.08%	0.18%	0.28%	0.29%
Return on Common Equity (ROCE)	-0.37%	-4.34%	-1.74%	-1.47%	-1.24%	-1.43%	1.59%	0.58%	1.22%	1.87%	1.86%
Return on Equity Simple (ROE_SIMPLE)	2.71%	0.00%	-0.58%	-1.53%	-1.77%	0.00%	-0.72%	-0.25%	0.34%	0.00%	1.45%
Net Operating Profit after Tax (NOPAT)	-0.11	-1.21	-0.51	-0.50	-0.43	-0.34	0.73	0.22	0.45	0.68	0.71
NOPAT Margin	-3.08%	-37.51%	-17.27%	-16.40%	-14.55%	-11.52%	16.31%	5.57%	10.78%	15.08%	14.87%
Net Nonoperating Expense Percent (NNEP)	-0.06%	-0.02%	-0.05%	-0.04%	-0.04%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	84.93%	117.66%	99.77%	96.62%	96.35%	103.85%	70.78%	75.04%	70.38%	74.16%	64.83%
Operating Expenses to Revenue	104.40%	153.59%	123.48%	122.28%	120.78%	123.93%	86.10%	95.73%	88.67%	85.15%	79.61%
Earnings before Interest and Taxes (EBIT)	-0.15	-1.73	-0.73	-0.71	-0.62	-0.48	0.70	0.17	0.53	0.67	0.92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.07	-1.53	-0.54	-0.59	-0.31	-0.38	0.76	0.40	0.78	0.74	1.34
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.72	0.78	0.69	0.65	0.79	0.71	0.47	0.73	0.84	0.78	0.77
Price to Tangible Book Value (P/TBV)	0.72	0.78	0.69	0.66	0.80	0.72	0.47	0.73	0.84	0.78	0.77
Price to Revenue (P/Rev)	5.19	6.66	6.58	7.01	8.91	8.24	4.85	7.03	7.57	6.36	6.27
Price to Earnings (P/E)	26.74	166.97	0.00	0.00	0.00	0.00	0.00	0.00	246.57	52.41	53.16
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.74%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.41%	1.91%	1.88%
Enterprise Value to Invested Capital (EV/IC)	0.77	0.82	0.80	0.80	0.86	0.70	0.64	0.79	0.79	0.71	0.77
Enterprise Value to Revenue (EV/Rev)	10.94	15.52	16.04	19.73	23.79	18.32	13.35	15.05	13.20	9.71	11.30
Enterprise Value to EBITDA (EV/EBITDA)	41.52	225.03	0.00	0.00	0.00	0.00	0.00	443.77	130.40	61.89	60.25
Enterprise Value to EBIT (EV/EBIT)	43.35	520.52	0.00	0.00	0.00	0.00	0.00	0.00	223.97	80.73	86.47
Enterprise Value to NOPAT (EV/NOPAT)	56.37	389.15	0.00	0.00	0.00	0.00	0.00	0.00	430.26	80.02	95.76
Enterprise Value to Operating Cash Flow (EV/OCF)	61.01	173.96	0.00	0.00	0.00	0.00	588.31	377.84	178.86	52.23	50.44
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	25.74	5.26	2.59	2.16	8.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.98	1.22	1.09	1.32	1.48	1.25	1.01	0.98	0.85	0.66	0.82
Long-Term Debt to Equity	0.98	1.22	1.09	1.32	1.48	1.25	1.01	0.98	0.85	0.66	0.82
Financial Leverage	0.95	0.98	0.95	1.11	1.23	1.24	1.05	1.15	1.16	0.95	0.91
Leverage Ratio	6.72	6.83	6.94	6.92	6.94	6.96	6.88	6.90	6.86	6.75	6.45
Compound Leverage Factor	6.72	6.83	6.94	6.92	6.94	6.96	6.88	6.90	6.86	6.75	6.45
Debt to Total Capital	49.57%	55.00%	52.25%	56.83%	59.66%	55.64%	50.27%	49.55%	45.91%	39.84%	44.94%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	49.57%	55.00%	52.25%	56.83%	59.66%	55.64%	50.27%	49.55%	45.91%	39.84%	44.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.43%	45.00%	47.75%	43.18%	40.34%	44.36%	49.73%	50.45%	54.09%	60.16%	55.06%
Debt to EBITDA	26.77	150.91	-162.44	-69.40	-68.29	-94.51	-268.59	278.07	75.40	34.52	35.31
Net Debt to EBITDA	21.82	128.48	-146.74	-62.60	-61.21	-65.84	-219.38	236.48	55.67	21.35	26.81
Long-Term Debt to EBITDA	26.77	150.91	-162.44	-69.40	-68.29	-94.51	-268.59	278.07	75.40	34.52	35.31
Debt to NOPAT	36.34	260.98	-138.68	-77.18	-76.40	-96.76	-179.68	-860.86	248.79	44.64	56.12
Net Debt to NOPAT	29.63	222.18	-125.28	-69.61	-68.48	-67.41	-146.76	-732.10	183.69	27.61	42.60
Long-Term Debt to NOPAT	36.34	260.98	-138.68	-77.18	-76.40	-96.76	-179.68	-860.86	248.79	44.64	56.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3.85	-64	-35	-50	-67	-4.94	8.47	42	80	76	21
Operating Cash Flow to CapEx	66.61%	-419.76%	-1,082.62%	705.89%	-668.58%	-2,011.76%	-44.28%	0.00%	1,897.04%	5,360.55%	2,399.96%
Free Cash Flow to Firm to Interest Expense	-0.63	-9.67	-4.75	-6.45	-8.41	-0.61	1.16	6.11	11.86	11.39	3.42
Operating Cash Flow to Interest Expense	0.01	-0.03	-0.39	0.21	-0.04	-0.13	0.00	0.28	0.04	0.15	0.12
Operating Cash Flow Less CapEx to Interest Expense	-0.01	-0.04	-0.42	0.18	-0.04	-0.14	-0.01	0.28	0.04	0.15	0.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02
Fixed Asset Turnover	2.44	2.07	1.82	1.62	1.56	1.92	2.15	2.31	2.54	3.78	3.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	273	305	286	316	340	309	278	274	260	234	258
Invested Capital Turnover	0.07	0.06	0.05	0.04	0.04	0.04	0.05	0.05	0.05	0.06	0.07
Increase / (Decrease) in Invested Capital	3.74	63	35	49	67	4.60	-7.74	-41	-79	-75	-20
Enterprise Value (EV)	210	250	229	251	290	218	179	217	207	167	198
Market Capitalization	100	107	94	89	109	98	65	101	118	110	110
Book Value per Share	$10.22	$10.29	$10.30	$10.29	$10.44	$10.50	$16.26	$10.64	$10.82	$10.87	$11.00
Tangible Book Value per Share	$10.20	$10.28	$10.29	$10.27	$10.42	$10.49	$16.24	$10.63	$10.81	$10.86	$10.99
Total Capital	273	305	286	316	340	309	278	274	260	234	258
Total Debt	135	168	149	179	203	172	140	136	119	93	116
Total Long-Term Debt	135	168	149	179	203	172	140	136	119	93	116
Net Debt	110	143	135	162	182	120	114	116	88	58	88
Capital Expenditures (CapEx)	0.10	0.05	0.27	0.23	0.04	0.05	0.04	0.00	0.02	0.02	0.03
Net Nonoperating Expense (NNE)	-0.08	-0.03	-0.07	-0.07	-0.07	0.59	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	135	168	149	179	203	172	140	136	119	93	116
Total Depreciation and Amortization (D&A)	0.22	0.20	0.19	0.13	0.31	0.10	0.06	0.23	0.26	0.07	0.42
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.10)	($0.03)	($0.03)	($0.03)	($0.08)	$0.06	$0.02	$0.04	$0.05	$0.06
Adjusted Weighted Average Basic Shares Outstanding	13.04M	12.89M	12.85M	12.80M	12.70M	12.77M	12.65M	12.64M	12.64M	12.63M	12.61M
Adjusted Diluted Earnings per Share	$0.00	($0.10)	($0.03)	($0.03)	($0.03)	($0.08)	$0.06	$0.02	$0.04	$0.05	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	13.04M	12.89M	12.85M	12.80M	12.70M	12.77M	12.65M	12.64M	12.65M	12.50M	12.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.33M	13.25M	13.26M	13.12M	13.07M	8.50M	13.01M	13.01M	12.97M	12.92M	12.85M
Normalized Net Operating Profit after Tax (NOPAT)	-0.11	-1.21	-0.51	-0.50	-0.43	-0.34	0.49	0.12	0.45	0.47	0.71
Normalized NOPAT Margin	-3.08%	-37.51%	-17.27%	-16.40%	-14.55%	-11.52%	10.98%	2.99%	10.78%	10.39%	14.87%
Pre Tax Income Margin	-4.40%	-53.59%	-24.67%	-23.43%	-20.78%	-16.46%	15.68%	4.27%	12.51%	14.85%	19.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.03	-0.26	-0.10	-0.09	-0.08	-0.06	0.10	0.03	0.08	0.10	0.15
NOPAT to Interest Expense	-0.02	-0.18	-0.07	-0.06	-0.05	-0.04	0.10	0.03	0.07	0.10	0.12
EBIT Less CapEx to Interest Expense	-0.04	-0.27	-0.13	-0.12	-0.08	-0.07	0.09	0.03	0.08	0.10	0.15
NOPAT Less CapEx to Interest Expense	-0.03	-0.19	-0.10	-0.09	-0.06	-0.05	0.09	0.03	0.07	0.10	0.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	192.78%	592.99%	-338.37%	-123.61%	-89.49%	-78.12%	-182.67%	-318.84%	66.33%	53.87%	41.30%

Financials Breakdown Chart

Key Financial Trends

Bogota Financial (NASDAQ: BSBK) showed a much stronger first quarter in 2026, but the quarterly trend remains mixed when viewed against the last four years. The bank posted a solid profit in Q1 2026, with net income of $705,946, up from $680,811 in Q4 2025 and well ahead of the weaker quarters seen in 2024. However, the company’s balance sheet and cash flow patterns suggest a business that is still highly dependent on securities holdings, deposit flows, and interest-rate conditions.

What stood out in Q1 2026 was the improvement in earnings and operating cash flow. Net interest income rose to $4.4 million from $4.3 million in Q4 2025, while total revenue increased to $4.75 million from $4.51 million. Operating cash flow was also healthy at $702,611. That said, this was offset by a $51.6 million decline in deposits and a $7.7 million drop in cash and equivalents during the quarter.

Looking across the last several quarters, Bogota Financial’s profitability has been volatile. The company swung from a loss of $930,001 in Q4 2024 to quarterly profits in most of 2025, then improved further in Q1 2026. Earlier 2024 quarters were also uneven, with Q1 2024 and Q2 2024 both posting losses before a brief improvement in Q3 2024. This pattern suggests earnings are not yet consistently stable.

Revenue remains driven primarily by interest income, but funding costs are still high. In Q1 2026, total interest income was $10.5 million, while total interest expense was $6.1 million. Deposits interest expense alone was nearly $5.0 million. That means the spread business is still under pressure, even though results improved from 2024 levels.

Asset mix and liquidity are important to understand for this company. Bogota Financial reported $147.3 million in trading account securities and $697.6 million in other assets, with total assets of $877.2 million. The loan balance remained at $0 in the reported periods, so this is not a traditional loan-growth story; instead, the company appears heavily exposed to securities and balance-sheet management.

Deposits moved sharply in both directions over the past year. In Q1 2026, deposits fell by $51.6 million, after rising in several prior quarters, including Q4 2025. Large swings in deposits can affect liquidity, funding costs, and earnings stability, so this is a key area for investors to watch.

Q1 2026 net income improved to $705,946, up from $680,811 in Q4 2025 and well above several weaker quarters in 2024.
Operating cash flow remained positive at $702,611, showing the business is still generating cash from core operations.
Total revenue rose to $4.75 million in Q1 2026, compared with $4.51 million in Q4 2025.
Net interest income increased quarter over quarter, reaching $4.43 million in Q1 2026 from $4.29 million in Q4 2025.
Q1 2026 earnings per share improved to $0.06, compared with $0.05 in Q4 2025.
The company’s business model is heavily tied to securities and balance-sheet management, with no reported loan portfolio in the provided periods.
Non-interest income remains relatively small, so overall results still depend mostly on spread income.
Deposits declined by $51.6 million in Q1 2026, creating a potential funding and liquidity concern.
Cash and equivalents fell by $7.7 million in Q1 2026, after being positive in the prior quarter.
Earnings have been inconsistent over the last four years, including losses in Q1 and Q2 2024 and a major loss in Q4 2024.

Overall, Bogota Financial is showing improving near-term profitability, but the underlying trend is still uneven. The Q1 2026 numbers were encouraging, especially on earnings and operating cash flow, but deposit volatility and the reliance on securities income make the stock more sensitive to interest rates and balance-sheet shifts than a typical community bank.

For retail investors, the key question is whether the recent earnings improvement is sustainable. If deposit levels stabilize and funding costs come down, Bogota Financial could continue to build on the Q1 2026 progress. If not, the company may keep delivering uneven quarterly results.

07/11/26 09:13 PM ETAI Generated. May Contain Errors.

Bogota Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bogota Financial's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Bogota Financial's net income appears to be on a downward trend, with a most recent value of $2.09 million in 2025, falling from $4.14 million in 2018. The previous period was -$2.17 million in 2024. Check out Bogota Financial's forecast to explore projected trends and price targets.

Over the last 7 years, Bogota Financial's total revenue changed from $13.84 million in 2018 to $17.24 million in 2025, a change of 24.5%.

Bogota Financial's total liabilities were at $764.04 million at the end of 2025, a 8.4% decrease from 2024, and a 28.9% increase since 2018.

In the past 7 years, Bogota Financial's cash and equivalents has ranged from $5.18 million in 2019 to $18.02 million in 2024, and is currently $11.58 million as of their latest financial filing in 2025.

Over the last 7 years, Bogota Financial's book value per share changed from 0.00 in 2018 to 10.87 in 2025, a change of 1,086.5%.

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Financial statements for NASDAQ:BSBK last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Bogota Financial (BSBK) Financials

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Bogota Financial (BSBK) Financials

Annual Income Statements for Bogota Financial

Quarterly Income Statements for Bogota Financial

Annual Cash Flow Statements for Bogota Financial

Quarterly Cash Flow Statements for Bogota Financial

Annual Balance Sheets for Bogota Financial

Quarterly Balance Sheets for Bogota Financial

Annual Metrics And Ratios for Bogota Financial

Quarterly Metrics And Ratios for Bogota Financial

Financials Breakdown Chart

Key Financial Trends

Bogota Financial Financials - Frequently Asked Questions

When does Bogota Financial's financial year end?

How has Bogota Financial's net income changed over the last 7 years?

How has Bogota Financial's revenue changed over the last 7 years?

How much debt does Bogota Financial have?

How much cash does Bogota Financial have?

How has Bogota Financial's book value per share changed over the last 7 years?

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