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Side-by-side financial comparison of Bridgewater Bancshares Inc (BWB) and Cambium Networks Corp (CMBM). Click either name above to swap in a different company.

Bridgewater Bancshares Inc is the larger business by last-quarter revenue ($46.2M vs $40.3M, roughly 1.1× Cambium Networks Corp). Bridgewater Bancshares Inc runs the higher net margin — 37.7% vs -17.9%, a 55.6% gap on every dollar of revenue. Over the past eight quarters, Bridgewater Bancshares Inc's revenue compounded faster (31.4% CAGR vs -27.2%).

Bridgewater Bancshares Inc. is a regional bank holding company headquartered in Minnesota, U.S. It offers a full suite of commercial and retail banking services including business loans, deposit products, residential mortgages, and personal banking solutions, primarily serving SMEs, individual consumers and local commercial clients in its operating areas.

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

BWB vs CMBM — Head-to-Head

Bigger by revenue
BWB
BWB
1.1× larger
BWB
$46.2M
$40.3M
CMBM
Higher net margin
BWB
BWB
55.6% more per $
BWB
37.7%
-17.9%
CMBM
Faster 2-yr revenue CAGR
BWB
BWB
Annualised
BWB
31.4%
-27.2%
CMBM

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
BWB
BWB
CMBM
CMBM
Revenue
$46.2M
$40.3M
Net Profit
$17.4M
$-7.2M
Gross Margin
36.6%
Operating Margin
-28.4%
Net Margin
37.7%
-17.9%
Revenue YoY
-23.2%
Net Profit YoY
80.7%
71.0%
EPS (diluted)
$0.58
$-0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BWB
BWB
CMBM
CMBM
Q1 26
$46.2M
Q4 25
$38.8M
Q3 25
$36.2M
Q2 25
$36.1M
Q1 25
$32.3M
Q4 24
$29.5M
$40.3M
Q3 24
$27.1M
$44.7M
Q2 24
$26.8M
$45.2M
Net Profit
BWB
BWB
CMBM
CMBM
Q1 26
$17.4M
Q4 25
$13.3M
Q3 25
$11.6M
Q2 25
$11.5M
Q1 25
$9.6M
Q4 24
$8.2M
$-7.2M
Q3 24
$8.7M
$-34.5M
Q2 24
$8.1M
$-14.2M
Gross Margin
BWB
BWB
CMBM
CMBM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
36.6%
Q3 24
43.6%
Q2 24
32.5%
Operating Margin
BWB
BWB
CMBM
CMBM
Q1 26
Q4 25
44.2%
Q3 25
41.8%
Q2 25
42.0%
Q1 25
39.2%
Q4 24
35.6%
-28.4%
Q3 24
41.9%
-69.6%
Q2 24
39.7%
-27.2%
Net Margin
BWB
BWB
CMBM
CMBM
Q1 26
37.7%
Q4 25
34.3%
Q3 25
32.1%
Q2 25
31.9%
Q1 25
29.8%
Q4 24
27.8%
-17.9%
Q3 24
32.0%
-77.3%
Q2 24
30.3%
-31.5%
EPS (diluted)
BWB
BWB
CMBM
CMBM
Q1 26
$0.58
Q4 25
$0.42
Q3 25
$0.38
Q2 25
$0.38
Q1 25
$0.31
Q4 24
$0.26
$-0.26
Q3 24
$0.27
$-1.22
Q2 24
$0.26
$-0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BWB
BWB
CMBM
CMBM
Cash + ST InvestmentsLiquidity on hand
$222.2M
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$528.4M
$-3.2M
Total Assets
$5.3B
$173.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWB
BWB
CMBM
CMBM
Q1 26
$222.2M
Q4 25
$123.5M
Q3 25
$131.8M
Q2 25
$217.5M
Q1 25
$166.2M
Q4 24
$229.8M
Q3 24
$191.9M
Q2 24
$134.1M
Total Debt
BWB
BWB
CMBM
CMBM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Stockholders' Equity
BWB
BWB
CMBM
CMBM
Q1 26
$528.4M
Q4 25
$517.1M
Q3 25
$497.5M
Q2 25
$476.3M
Q1 25
$469.0M
Q4 24
$457.9M
$-3.2M
Q3 24
$452.2M
$1.9M
Q2 24
$439.2M
$34.1M
Total Assets
BWB
BWB
CMBM
CMBM
Q1 26
$5.3B
Q4 25
$5.4B
Q3 25
$5.4B
Q2 25
$5.3B
Q1 25
$5.1B
Q4 24
$5.1B
$173.7M
Q3 24
$4.7B
$194.3M
Q2 24
$4.7B
$221.1M
Debt / Equity
BWB
BWB
CMBM
CMBM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BWB
BWB
CMBM
CMBM
Operating Cash FlowLast quarter
$-10.4M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-26.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWB
BWB
CMBM
CMBM
Q1 26
Q4 25
$27.8M
Q3 25
$9.4M
Q2 25
$4.0M
Q1 25
$7.5M
Q4 24
$46.4M
$-10.4M
Q3 24
$-6.0M
$8.9M
Q2 24
$10.6M
$2.4M
Free Cash Flow
BWB
BWB
CMBM
CMBM
Q1 26
Q4 25
$22.0M
Q3 25
$7.8M
Q2 25
$2.8M
Q1 25
$6.9M
Q4 24
$42.3M
$-10.8M
Q3 24
$-6.5M
$6.8M
Q2 24
$10.4M
$87.0K
FCF Margin
BWB
BWB
CMBM
CMBM
Q1 26
Q4 25
56.6%
Q3 25
21.5%
Q2 25
7.8%
Q1 25
21.5%
Q4 24
143.4%
-26.8%
Q3 24
-23.8%
15.2%
Q2 24
38.9%
0.2%
Capex Intensity
BWB
BWB
CMBM
CMBM
Q1 26
Q4 25
15.1%
Q3 25
4.4%
Q2 25
3.2%
Q1 25
1.7%
Q4 24
13.8%
1.1%
Q3 24
1.7%
4.8%
Q2 24
0.7%
5.1%
Cash Conversion
BWB
BWB
CMBM
CMBM
Q1 26
Q4 25
2.09×
Q3 25
0.81×
Q2 25
0.35×
Q1 25
0.77×
Q4 24
5.65×
Q3 24
-0.69×
Q2 24
1.31×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BWB
BWB

Net Interest Income$36.6M79%
Noninterest Income$9.6M21%

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

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