Merchants Bancorp
Quarterly Financials
| Values in thousands | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|---|
Revenue | $294,072 | $317,110 | $354,670 | $343,530 |
Gross Profit | 136,536 | 159,948 | 157,526 | 140,570 |
EBITDA | 99,784 | 85,676 | 75,044 | 65,348 |
EBIT | 84,306 | 73,884 | 64,583 | |
Net Income | 78,303 | 67,732 | 67,849 | 54,701 |
Net Change In Cash | 294,072 | 317,110 | 354,670 | 343,530 |
Free Cash Flow | 397,551 | -781,563 | -196,393 | 11,126 |
Cash | 17,875 | 19,642 | 15,844 | 598,036 |
Basic Shares | 46,005 | 45,997 | 45,976 | 45,931 |
Annual Financials
| Values in thousands | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
Revenue | $1,365,239 | $1,447,065 | $1,189,057 | $602,066 |
Gross Profit | 563,693 | 642,687 | 519,099 | 422,489 |
EBITDA | 267,265 | 425,656 | 350,759 | 293,627 |
EBIT | 263,800 | 422,642 | 347,907 | 291,142 |
Net Income | 218,770 | 320,386 | 279,234 | 219,721 |
Net Change In Cash | 1,365,239 | 1,447,065 | 1,189,057 | 602,066 |
Cost of Revenue | -806,450 | |||
Free Cash Flow | -170,301 | -853,669 | -363,930 | 966,956 |
Cash | 15,844 | 476,610 | 584,422 | 226,164 |
Basic Shares | 45,942 | 45,005 | 43,346 | 43,317 |
Earnings Calls
| Quarter | EPS |
|---|---|
2026-06-30 | $1.48 |
2026-03-31 | $1.25 |
2025-12-31 | $1.28 |
2025-09-30 | $0.97 |