Crosswater Financial
Everything that has happened with this deal, newest first — the updates, calls and financials they've sent, and the money that's come back.
Events
83
on the record
Documents
32
29 read & summarised
Distributions
50
cash returned
Invested
$6.00M
2020-02-01
History
83 shown
2026
09-30
Crosswater beats its September 2026 plan by 13%
Financials
5 figures
Revenue of $6.74M was 13% ahead of the $5.98M budget, up 30% on a year earlier. EBITDA of $1.46M (22% margin) was on plan. Originations were $65.2M. The board asked management to re-base the plan on the current run rate.
09-30
Update
Update
08-31
Crosswater: August 2026 revenue 10% ahead of plan
Financials
5 figures
Revenue of $6.48M was 10% ahead of the $5.88M budget, up 28% on a year earlier. EBITDA of $1.71M (26% margin) beat plan by 21%. Originations were $64.5M. Management raised the full-year revenue outlook.
07-31
Crosswater beats its July 2026 plan by 6%
Financials
5 figures
Revenue of $6.14M was 6% ahead of the $5.77M budget, up 28% on a year earlier. EBITDA of $1.58M (26% margin) beat plan by 14%. Originations were $64.0M. The board asked management to re-base the plan on the current run rate.
06-30
Crosswater: June 2026 revenue 11% ahead of plan
Financials
5 figures
Revenue of $6.30M was 11% ahead of the $5.67M budget, up 32% on a year earlier. EBITDA of $1.54M (24% margin) beat plan by 13%. Originations were $62.9M. Management raised the full-year revenue outlook.
05-31
Crosswater beats its May 2026 plan by 11%
Financials
5 figures
Revenue of $6.16M was 11% ahead of the $5.57M budget, up 33% on a year earlier. EBITDA of $1.39M (23% margin) was on plan. Originations were $62.1M. The board asked management to re-base the plan on the current run rate.
04-30
Crosswater: April 2026 revenue 7% ahead of plan
Financials
5 figures
Revenue of $5.87M was 7% ahead of the $5.47M budget, up 29% on a year earlier. EBITDA of $1.36M (23% margin) was on plan. Originations were $60.0M. Management raised the full-year revenue outlook.
03-31
Crosswater beats its March 2026 plan by 7%
Financials
5 figures
Revenue of $5.74M was 7% ahead of the $5.38M budget, up 31% on a year earlier. EBITDA of $1.34M (23% margin) was on plan. Originations were $58.8M. The board asked management to re-base the plan on the current run rate.
03-22
Distribution $23K
03-20
Distribution $10K
02-28
Crosswater slightly ahead of plan in February 2026
Financials
5 figures
Revenue of $5.58M was 6% ahead of the $5.28M budget, up 27% on a year earlier. EBITDA of $1.39M (25% margin) beat plan by 10%. Originations were $57.5M. The full-year plan is unchanged; the beat is mostly volume.
01-31
Crosswater slightly ahead of plan in January 2026
Financials
5 figures
Revenue of $5.38M was 4% ahead of the $5.19M budget, up 28% on a year earlier. EBITDA of $1.33M (25% margin) beat plan by 7%. Originations were $55.9M. The full-year plan is unchanged; the beat is mostly volume.
01-21
Crosswater 2026 budget approved: revenue $68.8M
Financials
The board-approved 2026 budget plans revenue of $68.8M, 19% above 2025's actual revenue, and EBITDA of $16.5M, a 24% margin.
2025
12-31
Crosswater beats its December 2025 plan by 6%
Financials
5 figures
Revenue of $5.42M was 6% ahead of the $5.10M budget, up 31% on a year earlier. EBITDA of $1.20M (22% margin) was on plan. Originations were $55.7M. The board asked management to re-base the plan on the current run rate.
12-31
Crosswater FY2025 audit: clean opinion
Financials
The auditors issued an unqualified opinion on FY2025. Audited revenue of $57.7M and EBITDA of $13.6M agree with the monthly packages to within 0.3%; no adjustments were booked.
12-31
Tax document
Tax document
12-25
Distribution $13K
12-22
Distribution $20K
11-30
Crosswater: November 2025 revenue 4% ahead of budget
Financials
5 figures
Revenue of $5.20M was 4% ahead of the $5.01M budget, up 24% on a year earlier. EBITDA of $1.15M (22% margin) was on plan. Originations were $53.7M. Management reiterates the full-year outlook.
10-31
Crosswater slightly ahead of plan in October 2025
Financials
5 figures
Revenue of $5.10M was 4% ahead of the $4.92M budget, up 30% on a year earlier. EBITDA of $1.15M (22% margin) was on plan. Originations were $52.6M. The full-year plan is unchanged; the beat is mostly volume.
09-30
Crosswater: September 2025 revenue 7% ahead of plan
Financials
5 figures
Revenue of $5.18M was 7% ahead of the $4.83M budget, up 34% on a year earlier. EBITDA of $1.29M (25% margin) beat plan by 11%. Originations were $52.7M. Management raised the full-year revenue outlook.
09-14
Distribution $22K
09-10
Distribution $13K
Includes a one-off recapitalisation distribution.
08-31
Crosswater launches a small-business loan product
Financials
5 figures
A small-business term loan went live in three states; volume is modest while the credit box is tested. Revenue of $5.06M was 7% ahead of the $4.75M budget, up 5% on the prior month. EBITDA of $1.20M (24% margin) beat plan by 6%.
07-31
Crosswater: July 2025 revenue 3% ahead of budget
Financials
5 figures
Revenue of $4.81M was 3% ahead of the $4.66M budget, up 1% on the prior month. EBITDA of $1.07M (22% margin) was on plan. Originations were $50.3M. Management reiterates the full-year outlook.
06-30
Crosswater slightly ahead of plan in June 2025
Financials
5 figures
Revenue of $4.78M was 4% ahead of the $4.58M budget, up 4% on the prior month. EBITDA of $1.26M (26% margin) beat plan by 15%. Originations were $48.5M. The full-year plan is unchanged; the beat is mostly volume.
06-15
Distribution $21K
06-13
Distribution $8K
05-31
Crosswater: May 2025 in line with budget
Financials
5 figures
Revenue of $4.62M was in line with the $4.50M budget, up 1% on the prior month. EBITDA of $1.16M (25% margin) beat plan by 7%. Originations were $48.7M. No changes to the team or the capital structure.
04-30
Crosswater slightly ahead of plan in April 2025
Financials
5 figures
Revenue of $4.57M was 3% ahead of the $4.42M budget, up 4% on the prior month. EBITDA of $1.02M (22% margin) was on plan. Originations were $47.4M. The full-year plan is unchanged; the beat is mostly volume.
03-31
Crosswater: March 2025 in line with budget
Financials
5 figures
Revenue of $4.38M was in line with the $4.34M budget. EBITDA of $1.04M (24% margin) was on plan. Originations were $45.7M. No changes to the team or the capital structure.
03-25
Distribution $16K
03-14
Distribution $16K
02-28
Crosswater upsizes its warehouse facility
Financials
5 figures
The warehouse line with the lead bank was upsized and extended to 2028 at a lower spread. Revenue of $4.38M was in line with the $4.26M budget, up 5% on the prior month. EBITDA of $1.13M (26% margin) beat plan by 11%.
01-31
Crosswater: January 2025 in line with budget
Financials
5 figures
Revenue of $4.19M was in line with the $4.19M budget, up 1% on the prior month. EBITDA of $938K (22% margin) was 7% short of plan. Originations were $44.1M. No changes to the team or the capital structure.
01-16
Crosswater 2025 budget approved: revenue $55.5M
Financials
The board-approved 2025 budget plans revenue of $55.5M, 25% above 2024's actual revenue, and EBITDA of $13.3M, a 24% margin.
2024
12-31
Crosswater on plan in December 2024
Financials
5 figures
Revenue of $4.13M was in line with the $4.11M budget, down 1% on the prior month. EBITDA of $1.04M (25% margin) was on plan. Originations were $44.3M. Nothing in the package changes the full-year view.
12-25
Distribution $8K
12-20
Distribution $10K
11-30
Crosswater: November 2024 revenue 4% ahead of budget
Financials
5 figures
Revenue of $4.19M was 4% ahead of the $4.04M budget, up 7% on the prior month. EBITDA of $1.09M (26% margin) beat plan by 13%. Originations were $42.1M. Management reiterates the full-year outlook.
10-31
Crosswater on plan in October 2024
Financials
5 figures
Revenue of $3.92M was in line with the $3.97M budget, up 1% on the prior month. EBITDA of $998K (25% margin) was on plan. Originations were $41.2M. Nothing in the package changes the full-year view.
09-30
Crosswater: September 2024 in line with budget
Financials
5 figures
Revenue of $3.88M was in line with the $3.90M budget. EBITDA of $979K (25% margin) was on plan. Originations were $40.4M. No changes to the team or the capital structure.
09-25
Distribution $15K
09-13
Distribution $24K
06-22
Distribution $12K
Includes a one-off recapitalisation distribution.
06-15
Distribution $11K
Includes a one-off recapitalisation distribution.
03-27
Distribution $8K
03-12
Distribution $13K
01-20
Crosswater 2024 budget approved: revenue $44.8M
Financials
The board-approved 2024 budget plans revenue of $44.8M, 31% above 2023's actual revenue, and EBITDA of $10.8M, a 24% margin.
2023
12-23
Distribution $24K
12-23
Distribution $11K
09-25
Distribution $14K
09-17
Distribution $23K
06-22
Distribution $20K
06-17
Distribution $10K
03-24
Distribution $11K
03-24
Distribution $14K
2022
12-28
Distribution $11K
Includes a one-off recapitalisation distribution.
12-16
Distribution $12K
09-26
Distribution $17K
Includes a one-off recapitalisation distribution.
09-12
Distribution $15K
06-22
Distribution $19K
Includes a one-off recapitalisation distribution.
06-15
Distribution $11K
03-19
Distribution $13K
03-13
Distribution $9K
2021
12-26
Distribution $10K
12-22
Distribution $13K
09-21
Distribution $17K
09-17
Distribution $14K
Includes a one-off recapitalisation distribution.
06-26
Distribution $10K
06-18
Distribution $13K
03-18
Distribution $15K
03-17
Distribution $20K
2020
12-27
Distribution $14K
12-22
Distribution $7K
09-25
Distribution $7K
Includes a one-off recapitalisation distribution.
09-14
Distribution $14K
Includes a one-off recapitalisation distribution.
06-15
Distribution $11K
06-14
Distribution $13K
03-19
Distribution $16K
03-13
Distribution $14K
02-01
Invested $6.00M
Undated
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Every entry is a real record — click a filename to open the original in SharePoint. Documents in grey are on file but haven't been read yet, so they show as an event without a summary; run the extractor to fill them in. “Significant” marks an update that changes the investment case, as opposed to routine reporting.