---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-038507"
form_type: "8-K"
ticker: "BYFC"
cik: "0001001171"
company_name: "BROADWAY FINANCIAL CORP \\DE\\"
filed_at: "2025-10-17T23:59:59+00:00"
generated_at: "2026-05-17T03:20:27.754828+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Broadway Financial to record $25.9M goodwill impairment charge for Q3 2025

## Summary
- Audit Committee concluded goodwill is impaired under GAAP after annual impairment analysis.
- Non-cash charge of $25.9 million expected for quarter ended September 30, 2025.
- Company does not expect the charge to result in future cash expenditures.
- Impairment reflects a reduction in the carrying value of goodwill on the balance sheet.

## SEC filing metadata
- accession: 0001140361-25-038507
- form_type: 8-K
- ticker: BYFC
- cik: 0001001171
- company_name: BROADWAY FINANCIAL CORP \DE\
- filed_at: 2025-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001171/000114036125038507/0001140361-25-038507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001171/000114036125038507/ef20057378_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-038507
- JSON: https://secwatch.observer/filing/0001140361-25-038507.json
- Plain text: https://secwatch.observer/filing/0001140361-25-038507.txt

## Key facts
- Restructurings & Charges
  BROADWAY FINANCIAL CORP \DE\ announced a impairment with charges of $25.9 million goodwill impairment charge.
  - Type: impairment
  - Charge: $25.9 million goodwill impairment charge
  source text: On October 15, 2025, the Audit Committee of the Board of Directors of Broadway Financial Corporation (the “Company”) (NASDAQ: BYFC), the holding company of City First Bank, National Association, concluded that, based on its annual impairment analysis, the Company’s goodwill is impaired in accordance with U.S. GAAP. Consequently, the Company expects to record a non-cash $25.9 million goodwill impairment charge for the quarter ended September 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001171/000114036125038507/0001140361-25-038507-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.