Merchants Bancorp

Quarterly Financials

Values in thousands2025-12-312025-09-302025-06-302025-03-31
Revenue
$354,670
$343,530
$353,737
$310,099
Gross Profit
157,526
140,570
125,030
137,364
EBITDA
73,884
65,348
49,605
77,268
EBIT
64,583
48,835
76,498
Net Income
67,849
54,701
37,981
58,239
Net Change In Cash
354,670
343,530
353,737
310,099
Free Cash Flow
-196,393
11,126
-125,721
141,179
Cash
15,844
598,036
647,165
521,296
Basic Shares
45,976
45,931
45,929
45,914

Annual Financials

Values in thousands2025-12-312024-12-312023-12-312022-12-31
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
-376,671
-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

QuarterEPS
2026-03-31
$0
2025-12-31
$1.28
2025-09-30
$0.97
2025-06-30
$0.60