Merchants Bancorp Financials

Values in thousands	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Revenue	$343,530	$353,737	$310,099	$379,787
Gross Profit	140,570	125,030	137,364	190,376
EBITDA	65,348	49,605	77,268	128,638
EBIT	64,583	48,835	76,498	127,878
Net Income	54,701	37,981	58,239	95,666
Net Change In Cash	343,530	353,737	310,099	379,787
Free Cash Flow	11,126	-125,721	141,179	-16,252
Cash	598,036	647,165	521,296	476,610
Basic Shares	45,931	45,929	45,914	45,924

Values in thousands	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$1,447,065	$1,189,057	$602,066	$461,562
Gross Profit	642,687	519,099	422,489	422,658
EBITDA	425,656	350,759	293,627	307,121
EBIT	422,642	347,907	291,142	304,930
Net Income	320,386	279,234	219,721	227,104
Net Change In Cash	1,447,065	1,189,057	602,066	461,562
Cost of Revenue			-806,450	852,886
Free Cash Flow	-853,669	-363,930	966,956	-52,861
Cash	476,610	584,422	226,164	1,032,614
Basic Shares	45,005	43,346	43,317	43,325