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Side-by-side financial comparison of Bankwell Financial Group, Inc. (BWFG) and NeuroPace Inc (NPCE). Click either name above to swap in a different company.

Bankwell Financial Group, Inc. is the larger business by last-quarter revenue ($30.3M vs $26.6M, roughly 1.1× NeuroPace Inc). On growth, Bankwell Financial Group, Inc. posted the faster year-over-year revenue change (43.3% vs 23.9%). Bankwell Financial Group, Inc. produced more free cash flow last quarter ($27.1M vs $409.0K). Over the past eight quarters, NeuroPace Inc's revenue compounded faster (21.1% CAGR vs 17.2%).

Bankwell Financial Group, Inc. is a US-based bank holding company that provides a full suite of personal and commercial banking products and services, including deposit accounts, mortgage loans, commercial lending, and wealth management solutions. It primarily serves local communities, retail customers, and small to medium-sized enterprises across Connecticut.

NeuroPace Inc is a medical technology company focused on developing and commercializing innovative implantable neurostimulation systems to treat neurological disorders, primarily drug-resistant epilepsy. Its core RNS System delivers personalized responsive stimulation to reduce seizure frequency, serving patients across North America and select global markets via partnerships with healthcare providers.

BWFG vs NPCE — Head-to-Head

Bigger by revenue
BWFG
BWFG
1.1× larger
BWFG
$30.3M
$26.6M
NPCE
Growing faster (revenue YoY)
BWFG
BWFG
+19.4% gap
BWFG
43.3%
23.9%
NPCE
More free cash flow
BWFG
BWFG
$26.7M more FCF
BWFG
$27.1M
$409.0K
NPCE
Faster 2-yr revenue CAGR
NPCE
NPCE
Annualised
NPCE
21.1%
17.2%
BWFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWFG
BWFG
NPCE
NPCE
Revenue
$30.3M
$26.6M
Net Profit
$-2.7M
Gross Margin
77.4%
Operating Margin
46.9%
-6.6%
Net Margin
-10.3%
Revenue YoY
43.3%
23.9%
Net Profit YoY
48.0%
EPS (diluted)
$1.16
$-0.08

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
BWFG
BWFG
NPCE
NPCE
Q4 25
$30.3M
$26.6M
Q3 25
$28.5M
$27.4M
Q2 25
$25.9M
$23.5M
Q1 25
$23.6M
$22.5M
Q4 24
$21.2M
$21.5M
Q3 24
$21.9M
$21.1M
Q2 24
$21.9M
$19.3M
Q1 24
$22.1M
$18.1M
Net Profit
BWFG
BWFG
NPCE
NPCE
Q4 25
$-2.7M
Q3 25
$10.1M
$-3.5M
Q2 25
$9.1M
$-8.7M
Q1 25
$6.9M
$-6.6M
Q4 24
$-5.3M
Q3 24
$1.9M
$-5.5M
Q2 24
$1.1M
$-7.5M
Q1 24
$3.8M
$-8.9M
Gross Margin
BWFG
BWFG
NPCE
NPCE
Q4 25
77.4%
Q3 25
77.4%
Q2 25
77.1%
Q1 25
77.0%
Q4 24
75.4%
Q3 24
73.2%
Q2 24
73.4%
Q1 24
73.6%
Operating Margin
BWFG
BWFG
NPCE
NPCE
Q4 25
46.9%
-6.6%
Q3 25
47.3%
-9.5%
Q2 25
45.5%
-29.0%
Q1 25
38.0%
-22.9%
Q4 24
19.2%
-17.0%
Q3 24
12.4%
-20.1%
Q2 24
6.7%
-32.4%
Q1 24
23.0%
-41.6%
Net Margin
BWFG
BWFG
NPCE
NPCE
Q4 25
-10.3%
Q3 25
35.4%
-12.8%
Q2 25
35.0%
-36.8%
Q1 25
29.2%
-29.3%
Q4 24
-24.5%
Q3 24
8.8%
-25.9%
Q2 24
5.1%
-39.0%
Q1 24
17.1%
-49.2%
EPS (diluted)
BWFG
BWFG
NPCE
NPCE
Q4 25
$1.16
$-0.08
Q3 25
$1.27
$-0.11
Q2 25
$1.15
$-0.26
Q1 25
$0.87
$-0.21
Q4 24
$0.37
$-0.16
Q3 24
$0.24
$-0.19
Q2 24
$0.14
$-0.26
Q1 24
$0.48
$-0.32

Balance Sheet & Financial Strength

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

Metric
BWFG
BWFG
NPCE
NPCE
Cash + ST InvestmentsLiquidity on hand
$192.1M
$61.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$301.5M
$19.0M
Total Assets
$3.4B
$105.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWFG
BWFG
NPCE
NPCE
Q4 25
$192.1M
$61.1M
Q3 25
$128.2M
$60.0M
Q2 25
$142.6M
$62.1M
Q1 25
$136.0M
$66.3M
Q4 24
$146.1M
$52.8M
Q3 24
$145.9M
$56.8M
Q2 24
$138.0M
$55.5M
Q1 24
$126.2M
$58.9M
Stockholders' Equity
BWFG
BWFG
NPCE
NPCE
Q4 25
$301.5M
$19.0M
Q3 25
$292.8M
$18.5M
Q2 25
$283.3M
$19.4M
Q1 25
$275.2M
$24.3M
Q4 24
$270.5M
$8.0M
Q3 24
$267.9M
$9.8M
Q2 24
$267.0M
$9.9M
Q1 24
$268.0M
$14.3M
Total Assets
BWFG
BWFG
NPCE
NPCE
Q4 25
$3.4B
$105.6M
Q3 25
$3.2B
$107.3M
Q2 25
$3.2B
$106.1M
Q1 25
$3.2B
$110.2M
Q4 24
$3.3B
$94.6M
Q3 24
$3.2B
$96.3M
Q2 24
$3.1B
$94.4M
Q1 24
$3.2B
$98.9M

Cash Flow & Capital Efficiency

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

Metric
BWFG
BWFG
NPCE
NPCE
Operating Cash FlowLast quarter
$28.3M
$506.0K
Free Cash FlowOCF − Capex
$27.1M
$409.0K
FCF MarginFCF / Revenue
89.5%
1.5%
Capex IntensityCapex / Revenue
3.8%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$47.0M
$-11.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWFG
BWFG
NPCE
NPCE
Q4 25
$28.3M
$506.0K
Q3 25
$10.3M
$-1.9M
Q2 25
$6.5M
$-2.1M
Q1 25
$3.9M
$-7.5M
Q4 24
$29.9M
$-4.8M
Q3 24
$-557.0K
$-1.7M
Q2 24
$7.1M
$-3.9M
Q1 24
$9.0M
$-7.5M
Free Cash Flow
BWFG
BWFG
NPCE
NPCE
Q4 25
$27.1M
$409.0K
Q3 25
$9.9M
$-2.0M
Q2 25
$6.1M
$-2.3M
Q1 25
$3.8M
$-7.5M
Q4 24
$29.3M
$-4.8M
Q3 24
$-672.0K
$-1.8M
Q2 24
$6.8M
$-4.0M
Q1 24
$8.9M
$-7.6M
FCF Margin
BWFG
BWFG
NPCE
NPCE
Q4 25
89.5%
1.5%
Q3 25
34.9%
-7.2%
Q2 25
23.5%
-9.6%
Q1 25
16.2%
-33.4%
Q4 24
138.6%
-22.5%
Q3 24
-3.1%
-8.7%
Q2 24
31.0%
-20.6%
Q1 24
40.5%
-42.1%
Capex Intensity
BWFG
BWFG
NPCE
NPCE
Q4 25
3.8%
0.4%
Q3 25
1.4%
0.1%
Q2 25
1.5%
0.7%
Q1 25
0.4%
0.2%
Q4 24
2.9%
0.2%
Q3 24
0.5%
0.5%
Q2 24
1.7%
0.3%
Q1 24
0.4%
0.6%
Cash Conversion
BWFG
BWFG
NPCE
NPCE
Q4 25
Q3 25
1.03×
Q2 25
0.71×
Q1 25
0.57×
Q4 24
Q3 24
-0.29×
Q2 24
6.39×
Q1 24
2.40×

Financial Flow Comparison

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

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