Broadway Financial Corp DE is a US-listed company in the regional banks industry. Its financial year ends in December.
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~$23
Valuation models combined (2)
Base case. Range ~$21–$24. Weighted average of 2 models (price-to-book vs return on equity (peers), price-to-book vs peers).
No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.
Broadway Financial Corp DE valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $39m, up 14.2% on a year earlier, faster than the 7.0% growth a quarter earlier. Our valuation models combined value is $25.57 a share, against a share price of $11.45.
Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Broadway Financial Corp DE's trailing-twelve-month revenue grew 14.2% year on year, with a free-cash-flow margin of 16.0%. Where it stands out: change in growth rate of +7.2pp ranks 31 of 244 regional banks companies we cover. Where it lags: net margin of -53.8% ranks 243 of 245 regional banks companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 230.5% while net income fell 18746.4%: a 18977pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
We value Broadway Financial Corp DE as a bank or lender, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.86 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$2.9 ~$1.2–$6.0 | Left out: far from the other models (more than 3x away from their median) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$21 ~$5.2–$37 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$24 ~$31–$46 | Included |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: pays no regular dividend |
| Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$23 ~$21–$24 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Broadway Financial Corp DE with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Weak moat
How hard Broadway Financial Corp DE's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Net income has been a median 0.0% of total assets over 10 years.
Net margin has been a median 1.1%; its worst year was -53.8%.
The diluted share count rose 156.3% over five years; stock-based pay has been a median 0.5% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (17 before it).
No analyst estimates are published for Broadway Financial Corp DE: too few analysts cover it.
Last 12 months +87.6%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $34m | $39m | +14.2% |
| P/S multiple | 1.6x | 2.6x | +65.2% |
| Share count | 9m | 9m | −0.6% |
Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.
Last 3 years +98.8%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $34m | $39m | +12.0% |
| P/S multiple | 1.5x | 2.6x | +71.2% |
| Share count | 9m | 9m | +3.7% |
Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| BYFC | +25% | −56% | −16% | +1% | +8% | +57% |
| Industry peers (median) | +34% | −4% | −2% | +16% | +10% | +24% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| BYFC | 50% | 33% | 58% | 33% | 42% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| BYFC | −46% | −65% | −46% | −36% | −36% | −16% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 86% from September 16, 2021 to May 8, 2024. Getting back needed a 621% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| July 28, 2026 | −0.7% | −1.3% | +6.6% | +19.2% |
| April 28, 2026 | −1.0% | −0.5% | +18.1% | +21.0% |
| July 31, 2025 | +1.1% | −2.0% | −1.4% | 0.0% |
| April 28, 2025 | +5.2% | +0.7% | −1.2% | −7.1% |
| January 27, 2025 | −1.5% | −0.6% | −5.4% | −7.8% |
| October 29, 2024 | +6.7% | −0.1% | −1.4% | +4.4% |
| July 30, 2024 | −7.1% | +1.1% | −9.0% | +44.0% |
| June 11, 2024 | +1.4% | +1.1% | +1.8% | −2.6% |
| June 5, 2024 | +4.5% | +1.2% | +4.5% | +20.3% |
| August 9, 2023 | −1.0% | −0.6% | −5.9% | −11.8% |
| May 5, 2023 | +8.0% | +1.9% | +9.2% | +17.2% |
| February 10, 2023 | −0.8% | +1.4% | 0.0% | −21.2% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $32.5M |
| FY23 Q4 | $34.8M |
| FY24 Q1 | $34.1M |
| FY24 Q2 | $34.7M |
| FY24 Q3 | $36.4M |
| FY24 Q4 | $33.3M |
| FY25 Q1 | $33.8M |
| FY25 Q2 | $33.7M |
| FY25 Q3 | $34M |
| FY25 Q4 | $34.9M |
| FY26 Q1 | $36.2M |
| FY26 Q2 | $38.5M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | 3.7% |
| FY23 Q4 | 2.2% |
| FY24 Q1 | -3.1% |
| FY24 Q2 | 1.0% |
| FY24 Q3 | 11.9% |
| FY24 Q4 | -4.3% |
| FY25 Q1 | -0.8% |
| FY25 Q2 | -2.9% |
| FY25 Q3 | -6.5% |
| FY25 Q4 | 4.7% |
| FY26 Q1 | 7.0% |
| FY26 Q2 | 14.2% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | 16.6% |
| FY23 Q4 | 21.2% |
| FY24 Q1 | -23.9% |
| FY24 Q2 | 9.5% |
| FY24 Q3 | 20.8% |
| FY24 Q4 | 3.8% |
| FY25 Q1 | 25.5% |
| FY25 Q2 | 5.5% |
| FY25 Q3 | -1.5% |
| FY25 Q4 | -0.0% |
| FY26 Q1 | 15.0% |
| FY26 Q2 | 16.0% |
| Fiscal year | 2010 Dec 2010 | 2011 Dec 2011 | 2012 Dec 2012 | 2013 Dec 2013 | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||||||||||
| Revenue | 23 | 18 | 17 | 13 | 13 | 14 | 12 | 14 | 11 | 12 | 13 | 24 | 34 | 35 | 33 | 35 | 39 |
| Net income | 2 | −14 | 1 | −0 | 3 | 9 | 3 | 2 | 1 | −0 | −1 | −4 | 6 | 4 | 2 | −25 | −21 |
| Diluted EPS | $0.09 | −$14.10 | −$0.08 | −$1.04 | $0.11 | $0.31 | $0.12 | $0.07 | $0.03 | −$0.01 | −$0.02 | −$0.07 | $0.62 | $0.49 | $0.04 | −$3.23 | −$2.39 |
| Growth (year on year) | |||||||||||||||||
| Revenue | — | −23.4% | −6.6% | −20.3% | −2.2% | +9.8% | −12.3% | +16.2% | −22.8% | +3.0% | +14.6% | +83.5% | +40.6% | +2.2% | −4.3% | +4.7% | +14.2% |
| Net income | — | −844.4% | — | −151.2% | — | +258.7% | −61.6% | −46.3% | −56.4% | −125.3% | — | — | — | −23.2% | −55.4% | <−999% | — |
| Diluted EPS | — | <−999% | — | — | — | +181.8% | −61.3% | −41.7% | −57.1% | −133.3% | — | — | — | −21.0% | −91.8% | <−999% | — |
| Margins | |||||||||||||||||
| Net margin | 8.2% | −80.2% | 3.5% | −2.3% | 19.6% | 63.9% | 27.9% | 12.9% | 7.3% | −1.8% | −4.9% | −16.7% | 16.5% | 12.4% | 5.8% | −71.0% | −53.8% |
| Free-cash-flow margin | 46.3% | 32.3% | 17.6% | 10.4% | 8.5% | 99.0% | 6.2% | −71.9% | 1.4% | 73.8% | −105.9% | −2.1% | 17.6% | 21.2% | 3.8% | −0.0% | 16.0% |
| Cash flow | |||||||||||||||||
| Cash from operations | 11 | 6 | 3 | 2 | 1 | 14 | 1 | −10 | 0 | 9 | −14 | 1 | 6 | 8 | 1 | 0 | 7 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Free cash flow | 11 | 6 | 3 | 1 | 1 | 14 | 1 | −10 | 0 | 8 | −14 | −1 | 6 | 7 | 1 | −0 | 6 |
| Stock-based pay | 0 | 0 | 0 | 0 | 0 | — | 0 | — | — | 0 | 0 | 0 | — | — | — | — | — |
| Free cash flow after stock pay | 11 | 6 | 3 | 1 | 1 | — | 1 | — | — | 8 | −14 | −1 | — | — | — | — | — |
| Balance sheet | |||||||||||||||||
| Cash | 22 | 32 | 64 | 58 | 21 | 68 | 18 | 22 | 17 | 16 | 96 | 232 | 16 | 105 | 61 | 11 | 49 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196 | 30 | — |
| Net debt (negative = net cash) | −22 | −32 | −64 | −58 | −21 | −68 | −18 | −22 | −17 | −16 | −96 | −232 | −16 | −105 | 134 | 20 | −49 |
| Diluted shares | — | 1m | 1m | 1m | 3m | 4m | 4m | 3m | 3m | 3m | 3m | 8m | 9m | 9m | 9m | 9m | 9m |
| Returned to shareholders | |||||||||||||||||
| Dividends | 1 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Buybacks | — | — | — | — | — | — | 4 | — | — | — | — | — | — | — | — | — | — |
| Total returned | 1 | — | — | — | — | — | 4 | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 9 | 9 | 8 | 8 | 9 | 9 | 10 | 10 |
| Net income | 1 | 1 | −3 | 1 | −24 | 1 | 1 | 1 |
| Diluted EPS | −$0.03 | $0.06 | −$0.39 | $0.00 | −$2.86 | $0.04 | $0.05 | $0.02 |
| Growth (year on year) | ||||||||
| Revenue | +23.1% | −26.4% | +6.4% | −1.0% | +3.4% | +10.1% | +15.7% | +28.7% |
| Net income | — | +88.1% | — | +193.8% | <−999% | −21.8% | — | +28.7% |
| Diluted EPS | — | −79.3% | — | −100.0% | — | −33.3% | — | — |
| Margins | ||||||||
| Net margin | 5.9% | 15.3% | −32.3% | 9.3% | −264.2% | 10.9% | 12.0% | 9.3% |
| Free-cash-flow margin | 69.6% | −33.3% | −52.4% | 37.0% | 41.1% | −25.1% | 11.3% | 35.8% |
| Cash flow | ||||||||
| Cash from operations | 6 | −3 | −4 | 3 | 4 | −2 | 1 | 4 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 6 | −3 | −4 | 3 | 4 | −2 | 1 | 4 |
| Last 12 months unless stated | BYFC | ECBK | PNBK | PROV | BVFL | SFBC | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $39m | $39m | $39m | $40m | $40m | $40m | $255m |
| Revenue growth, last 12 months | 14.2% | 35.5% | 47.0% | 2.7% | 3.9% | 6.0% | 12.5% |
| Revenue growth, 3-year average | 3.9% | 12.8% | 0.8% | −0.8% | 2.1% | −1.6% | 6.0% |
| Revenue growth, latest quarter | 28.7% | 29.0% | 93.7% | 8.5% | 1.4% | 6.2% | 10.7% |
| Net margin | −53.8% | 29.4% | −16.7% | 16.6% | 32.5% | 19.9% | 28.7% |
| Cash from operations / revenue | 17.5% | 58.6% | −45.6% | 22.4% | 44.6% | 18.7% | 34.3% |
| Free-cash-flow margin | 16.0% | 57.7% | −47.3% | 21.3% | 44.6% | 18.2% | 31.4% |
| Free-cash-flow margin, 3-year average | 10.4% | 31.7% | −35.7% | 17.6% | −4.9% | 14.2% | 29.9% |
| Stock pay / revenue | 1.7% | 3.3% | 18.6% | 1.0% | 7.7% | 0.6% | 1.2% |
| Change in share count | 0.6% | −0.6% | >999% | −4.1% | −17.2% | −0.1% | 0.4% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 14.2% | 12.5% | 106 of 245 |
| Change in growth rate Growth | +7.2pp | +0.0pp | 31 of 244 |
| Net margin Profitability | -53.8% | 28.7% | 243 of 245 |
| Change in share count Balance sheet | 0.6% | 0.4% | 126 of 230 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| M3F, Inc. | $5.3M | 548K | 34.5% | ▲ 15.3% |
| Vanguard Capital Management LLC | $3M | 314K | 19.8% | ▼ 0.1% |
| Bank Of America Corp | $2.6M | 266K | 16.8% | 0.0% |
| Grace & White Inc | $1.7M | 176K | 11.1% | ▼ 0.6% |
| Us Bancorp | $680,624 | 70K | 4.4% | ▼ 1.6% |
| Geode Capital Management, LLC | $676,577 | 70K | 4.4% | ▲ 1.5% |
| Wittenberg Investment Management, Inc. | $542,467 | 56K | 3.5% | 0.0% |
| Vanguard Fiduciary Trust Co | $294,437 | 30K | 1.9% | ▲ 0.6% |
| Blackrock, Inc. | $154,019 | 16K | 1.0% | ▲ 34.0% |
| Renaissance Technologies LLC | $139,780 | 14K | 0.9% | ▲ 1.4% |
| Millennium Management LLC | $115,717 | 12K | 0.8% | ▼ 21.4% |
| Dimensional Fund Advisors LP | $110,298 | 11K | 0.7% | ▼ 25.8% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Broadway Financial Corp DE's complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 2 | $9.41 | $19 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 574 | $9.40 | $5,396 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 4,887 | $9.40 | $45,938 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 107 | $9.39 | $1,005 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 3 | $9.37 | $28 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 1 | $9.68 | $10 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 263 | $9.57 | $2,517 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 5 | $9.54 | $48 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 1 | $9.53 | $10 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 202 | $9.50 | $1,919 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 5 | $9.47 | $47 |
| Bradshaw Wayne-Kent A. Director | May 26, 2026 | Sell | 100 | $9.46 | $946 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around October 27, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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