Carver Bancorp Inc (CARV)

Name: Carver Bancorp Inc Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-09-30

Latest Quarter

2025-09-30

Revenue

$6.4M

Net Income

-$2.4M

Operating Margin

-6.2%

Free Cash Flow

-$12.9M

Debt / Assets

95.9%

Values are in USD and rounded to the nearest whole number unless noted.

Swipe horizontally to view all columns.

Income statement quarterly history for Carver Bancorp Inc (CARV).
Income Statement (Quarterly)	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Revenue	6,396,000	10,472,000	9,214,000	7,678,000
Cost of Revenue	0	3,537,000	0	3,986,000
Gross Profit	6,396,000	6,935,000	0	3,692,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	6,792,000	4,238,000	0	4,778,000
Operating Expenses	6,792,000	8,112,000	0	9,340,000
Operating Income	-396,000	-1,177,000	-3,771,000	-5,648,000
Interest Expense	0	3,563,000	0	3,890,000
Income Before Tax	-2,431,000	-1,177,000	-3,771,000	-5,648,000
Income Tax Expense	0	0	0	0
Net Income	-2,431,000	-1,177,000	-3,771,000	-5,648,000
Per Share
EPS	-0.46	-0.22	-0.71	-1.09
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Carver Bancorp Inc (CARV).
Income Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Revenue	37,368,000	40,742,000	31,295,000	27,820,000	22,085,000
Cost of Revenue	16,322,000	11,541,000	5,011,000	0	0
Gross Profit	21,046,000	29,201,000	26,284,000	27,820,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	17,014,000	15,774,000	15,661,000	14,542,000	17,275,000
Operating Expenses	34,790,000	32,178,000	30,685,000	-26,268,000	0
Operating Income	-13,744,000	-2,977,000	-4,401,000	1,552,000	0
Interest Expense	15,131,000	11,458,000	4,911,000	2,399,000	4,420,000
Income Before Tax	-13,744,000	-2,977,000	-4,401,000	-847,000	-3,896,000
Income Tax Expense	0	0	-1,058,000	2,399,000	0
Net Income	-13,744,000	-2,977,000	-4,401,000	-3,246,000	-3,896,000
Per Share
EPS	-2.65	-0.61	-1.03	-0.90	-1.14
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Carver Bancorp Inc (CARV).
Balance Sheet (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	50,315,000	59,025,000	42,552,000	61,018,000
Short Term Investments	43,679,000	48,030,000	53,843,000	67,596,000
Net Receivables	2,980,000	3,662,000	0	2,414,000
Inventory	0	0	-46,434,000	-63,492,000
Total Current Assets	96,974,000	110,717,000	668,000	131,028,000
Property Plant Equipment	10,257,000	12,411,000	15,485,000	17,412,000
Goodwill and Intangibles	0	140,000	152,000	162,000
Total Assets	729,991,000	756,796,000	723,224,000	735,314,000
Liabilities
Account Payables	0	0	1,475,000	499,000
Short Term Debt	0	0	0	2,648,000
Total Current Liabilities	661,837,000	646,999,000	1,475,000	499,000
Long Term Debt	29,112,000	57,152,000	77,436,000	30,342,000
Total Liabilities	700,413,000	714,487,000	678,000,000	680,227,000
Shareholders Equity
Retained Earnings	-65,293,000	-51,549,000	-47,904,000	-43,503,000
Total Shareholders Equity	29,578,000	42,309,000	45,224,000	55,087,000

Balance sheet annual history for Carver Bancorp Inc (CARV).
Balance Sheet (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Assets
Cash and Cash Equivalents	50,315,000	59,025,000	42,552,000	61,018,000	75,591,000
Short Term Investments	43,679,000	48,030,000	53,843,000	67,596,000	86,507,000
Net Receivables	2,980,000	3,662,000	0	2,414,000	2,640,000
Inventory	0	0	-46,434,000	-63,492,000	0
Total Current Assets	96,974,000	110,717,000	668,000	131,028,000	0
Property Plant Equipment	10,257,000	12,411,000	15,485,000	17,412,000	19,955,000
Goodwill and Intangibles	0	140,000	152,000	162,000	0
Total Assets	729,991,000	756,796,000	723,224,000	735,314,000	676,748,000
Liabilities
Account Payables	0	0	1,475,000	499,000	0
Short Term Debt	0	0	0	2,648,000	0
Total Current Liabilities	661,837,000	646,999,000	1,475,000	499,000	0
Long Term Debt	29,112,000	57,152,000	77,436,000	30,342,000	53,225,000
Total Liabilities	700,413,000	714,487,000	678,000,000	680,227,000	624,447,000
Shareholders Equity
Retained Earnings	-65,293,000	-51,549,000	-47,904,000	-43,503,000	-42,656,000
Total Shareholders Equity	29,578,000	42,309,000	45,224,000	55,087,000	52,301,000

Cash flow quarterly history for Carver Bancorp Inc (CARV).
Cash Flow Statement (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	-13,744,000	-2,977,000	-4,401,000	-847,000
Depreciation & Amortization	813,000	965,000	1,058,000	1,029,000
Stock Based Compensation	66,000	220,000	91,000	122,000
Change in Working Capital	-1,364,000	-5,346,000	-7,449,000	5,971,000
Operating Cash Flow	-12,609,000	-6,571,000	-10,513,000	7,152,000
Investing Activities
Capital Expenditure	-331,000	-360,000	-225,000	-192,000
Investments	-331,000	-360,000	-225,000	-192,000
Investing Cash Flow	15,079,000	-20,053,000	-15,262,000	-79,079,000
Financing Activities
Debt Repayment	-26,213,000	-4,473,000	-3,000	-23,702,000
Common Stock Issued/Repurchased	195,000	1,000,000	0	2,998,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-11,180,000	43,097,000	7,309,000	57,354,000
Summary
Free Cash Flow	-12,940,000	-6,931,000	-10,738,000	6,960,000
Net Change in Cash	-8,710,000	16,473,000	-18,466,000	-14,573,000

Cash flow annual history for Carver Bancorp Inc (CARV).
Cash Flow Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Operating Activities
Net Income	-13,744,000	-2,977,000	-4,401,000	-847,000	-3,896,000
Depreciation & Amortization	813,000	965,000	1,058,000	1,029,000	1,017,000
Stock Based Compensation	66,000	220,000	91,000	122,000	36,000
Change in Working Capital	-1,364,000	-5,346,000	-7,449,000	5,971,000	5,197,000
Operating Cash Flow	-12,609,000	-6,571,000	-10,513,000	7,152,000	2,212,000
Investing Activities
Capital Expenditure	-331,000	-360,000	-225,000	-192,000	-256,000
Investments	-331,000	-360,000	-225,000	-192,000	-256,000
Investing Cash Flow	15,079,000	-20,053,000	-15,262,000	-79,079,000	-76,984,000
Financing Activities
Debt Repayment	-26,213,000	-4,473,000	-3,000	-23,702,000	0
Common Stock Issued/Repurchased	195,000	1,000,000	0	2,998,000	697,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	-11,180,000	43,097,000	7,309,000	57,354,000	102,823,000
Summary
Free Cash Flow	-12,940,000	-6,931,000	-10,738,000	6,960,000	1,956,000
Net Change in Cash	-8,710,000	16,473,000	-18,466,000	-14,573,000	28,051,000