FFWM
Income statement / Annual
Last year (2023), First Foundation Inc.'s total revenue was $174.85 M,
a decrease of 46.81% from the previous year.
In 2023, First Foundation Inc.'s net income was -$199.06 M.
See First Foundation Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$174.85 M
|
$328.75 M
|
$294.96 M
|
$243.85 M
|
$193.87 M
|
$176.30 M
|
$152.34 M
|
$124.01 M
|
$86.96 M
|
$67.56 M
|
| Cost of Revenue |
-$398.84 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$573.69 M |
$328.75 M |
$294.96 M |
$243.85 M |
$193.87 M |
$176.30 M |
$152.34 M |
$124.01 M |
$86.96 M |
$67.56 M |
| Gross Profit Ratio |
3.28 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$84.30 M
|
$110.22 M
|
$87.91 M
|
$73.87 M
|
$69.93 M
|
$67.51 M
|
$56.56 M
|
$48.57 M
|
$40.46 M
|
$33.55 M
|
| Selling & Marketing
Expenses |
$0.00
|
$13.66 M
|
$12.22 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$84.30 M
|
$110.22 M
|
$87.91 M
|
$73.87 M
|
$69.93 M
|
$67.51 M
|
$56.56 M
|
$48.57 M
|
$40.46 M
|
$33.55 M
|
| Other Expenses |
$90.55 M |
-$70.13 M |
-$231.09 M |
-$198.95 M |
-$184.31 M |
-$132.03 M |
-$135.11 M |
-$123.06 M |
-$98.31 M |
-$81.71 M |
| Operating Expenses |
$15.18 M |
$13.66 M |
-$143.18 M |
-$125.08 M |
-$114.37 M |
-$64.52 M |
-$78.56 M |
-$74.48 M |
-$57.85 M |
-$48.16 M |
| Cost And Expenses |
$174.85 M |
$13.66 M |
-$143.18 M |
-$125.08 M |
-$114.37 M |
-$64.52 M |
-$78.56 M |
-$74.48 M |
-$57.85 M |
-$48.16 M |
| Interest Income |
$573.69 M |
$403.88 M |
$247.22 M |
$243.89 M |
$248.76 M |
$207.31 M |
$136.80 M |
$100.64 M |
$64.47 M |
$47.40 M |
| Interest Expense |
$371.39 M |
$85.19 M |
$13.93 M |
$47.25 M |
$78.81 M |
$51.70 M |
$23.18 M |
$11.19 M |
$6.28 M |
$4.58 M |
| Depreciation &
Amortization |
$8.20 M
|
$5.95 M
|
$4.90 M
|
$5.10 M
|
$5.31 M
|
$4.79 M
|
$2.78 M
|
$1.86 M
|
$1.35 M
|
$1.23 M
|
| EBITDA |
-$191.87 M
|
$158.51 M
|
$158.63 M
|
$125.40 M
|
$86.10 M
|
$65.96 M
|
$53.93 M
|
$40.62 M
|
$24.36 M
|
$16.05 M
|
| EBITDA Ratio |
-1.1 |
0.71 |
0.54 |
0.51 |
0.44 |
0.67 |
0.51 |
0.41 |
0.35 |
0.31 |
| Operating Income Ratio
|
-1.1
|
0.69
|
0.51
|
0.49
|
0.41
|
0.63
|
0.48
|
0.4
|
0.33
|
0.29
|
| Total Other
Income/Expenses Net |
-$8.20 M
|
$0.00
|
-$2.61 M
|
$0.00
|
$490,000.00
|
-$3.79 M
|
-$2.60 M
|
$0.00
|
$0.00
|
-$1.23 M
|
| Income Before Tax |
-$200.06 M |
$149.80 M |
$151.79 M |
$118.77 M |
$79.50 M |
$60.09 M |
$50.60 M |
$38.33 M |
$22.83 M |
$14.82 M |
| Income Before Tax Ratio
|
-1.14
|
0.46
|
0.51
|
0.49
|
0.41
|
0.34
|
0.33
|
0.31
|
0.26
|
0.22
|
| Income Tax Expense |
-$1.00 M |
$39.29 M |
$42.27 M |
$34.40 M |
$23.26 M |
$17.13 M |
$23.02 M |
$15.03 M |
$9.45 M |
$6.43 M |
| Net Income |
-$199.06 M |
$110.51 M |
$109.51 M |
$84.37 M |
$56.24 M |
$42.96 M |
$27.58 M |
$23.30 M |
$13.38 M |
$8.39 M |
| Net Income Ratio |
-1.14 |
0.34 |
0.37 |
0.35 |
0.29 |
0.24 |
0.18 |
0.19 |
0.15 |
0.12 |
| EPS |
-3.53 |
1.96 |
2.42 |
1.89 |
1.26 |
1.02 |
0.8 |
0.72 |
0.6 |
0.54 |
| EPS Diluted |
-3.53 |
1.96 |
2.41 |
1.88 |
1.25 |
1.01 |
0.78 |
0.7 |
0.58 |
0.51 |
| Weighted Average Shares
Out |
$56.43 M
|
$56.42 M
|
$44.64 M
|
$44.64 M
|
$44.62 M
|
$42.09 M
|
$34.48 M
|
$32.37 M
|
$22.31 M
|
$15.47 M
|
| Weighted Average Shares
Out Diluted |
$56.43 M
|
$56.49 M
|
$44.90 M
|
$44.90 M
|
$44.91 M
|
$42.57 M
|
$35.33 M
|
$33.47 M
|
$23.15 M
|
$16.33 M
|
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