Broadway Financial ( (BYFC) ) has released a notification of late filing.
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Broadway Financial Corporation, a financial institution based in Los Angeles, has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending September 30, 2025. The delay is primarily due to the company’s ongoing evaluation of its sold loan participation accounting in accordance with ASC 860, which has impacted the preparation of its consolidated financial statements. Broadway Financial expects to file the delayed report within five calendar days following the prescribed due date. The company has disclosed a significant expected financial impact, with a projected net loss of $24.1 million for the quarter, largely due to a $25.9 million goodwill impairment charge. This preliminary financial information is subject to further review and completion of financial closing procedures. Broadway Financial is committed to maintaining compliance and transparency, as evidenced by the notification signed by Zack Ibrahim, Executive Vice President and Chief Financial Officer.
The most recent analyst rating on (BYFC) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Broadway Financial stock, see the BYFC Stock Forecast page.
Spark’s Take on BYFC Stock
According to Spark, TipRanks’ AI Analyst, BYFC is a Neutral.
Broadway Financial’s overall stock score is primarily impacted by its mixed financial performance and weak technical indicators. The company’s declining profitability and lack of cash flow data present significant challenges. Additionally, the stock’s technical indicators suggest bearish momentum, and the negative P/E ratio highlights valuation concerns. These factors collectively result in a lower overall score.
To see Spark’s full report on BYFC stock, click here.
More about Broadway Financial
Average Trading Volume: 2,964
Technical Sentiment Signal: Strong Sell
Current Market Cap: $57.84M
For a thorough assessment of BYFC stock, go to TipRanks’ Stock Analysis page.