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Income Statement - Merchants Bancorp (MBIN)

$(Billion, Million)
Dec-25 Dec-24 Dec-23 Dec-22 Dec-21 Dec-20 Dec-19 Dec-18 Dec-17 Dec-16 Dec-15
Total revenue 1,365.24 1,447.07 1,189.06 602.07 461.56 401.18 254.55 185.53 137.97 97.19 80.62
Cost of revenue 801.55 804.38 669.96 179.58 38.90 70.48 93.64 55.22 30.26 19.93 15.25
Gross profit 563.69 642.69 519.10 422.49 422.66 330.70 160.91 130.31 107.71 77.26 65.37
Total operating expenses + 299.89 220.05 171.19 131.35 117.73 87.34 58.78 46.28 30.55 22.47 18.19
Operating income 263.80 422.64 347.91 291.14 304.93 243.36 102.13 84.03 77.16 54.80 47.18
Non-operating income (net) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income before tax 263.80 422.64 347.91 291.14 304.93 243.36 102.13 84.03 77.16 54.80 47.18
Income tax expense 45.03 102.26 68.67 71.42 77.83 62.82 24.81 21.15 22.48 21.67 18.80
Net income 218.77 320.39 279.23 219.72 227.10 180.53 77.33 62.87 54.68 33.13 28.38
Show Quarterly Income Statement

Income Statement - Merchants Bancorp (MBIN)

$(Billion, Million)
Mar-26 Dec-25 Sep-25 Jun-25 Mar-25 Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Dec-18 Sep-18 Jun-18 Mar-18 Dec-17 Sep-17 Jun-17 Mar-17 Dec-16 Sep-16 Jun-16 Mar-16 Dec-15
Total revenue 317.11 354.67 343.53 353.74 310.10 379.79 354.56 358.63 354.09 345.55 331.71 287.04 224.75 203.34 162.07 127.26 109.40 121.38 115.85 103.37 120.96 117.70 111.97 92.35 79.16 85.50 69.37 57.29 42.40 53.45 48.23 44.45 39.40 40.79 32.94 38.02 26.21 26.44 30.29 18.99 14.30 68.10
Cost of revenue 157.16 197.14 202.96 228.71 172.74 189.41 213.01 210.12 191.84 194.18 183.25 175.06 117.47 92.44 50.95 23.45 12.74 12.43 9.51 7.72 9.25 12.79 13.92 18.72 25.06 28.17 28.33 20.94 16.19 17.26 14.71 12.92 10.34 9.36 8.21 6.98 5.72 5.75 5.10 9.08 15.25
Gross profit 159.95 157.53 140.57 125.03 137.36 190.38 141.55 148.51 162.25 151.37 148.45 111.99 107.29 110.90 111.12 103.81 96.66 108.95 106.34 95.66 111.71 104.91 98.05 73.64 54.09 57.32 41.04 36.34 26.21 36.19 33.52 31.54 29.06 31.43 24.74 31.04 20.50 20.69 25.19 18.99 14.30 68.10
Total operating expenses + 75.64 83.64 75.99 76.20 60.87 62.50 60.20 49.39 47.96 51.92 41.89 43.41 33.97 36.03 33.73 31.77 29.82 36.17 27.74 26.26 27.56 24.53 23.44 18.24 21.13 17.83 14.27 14.58 12.10 15.07 11.20 10.70 9.31 9.78 7.82 7.19 5.76 6.21 6.00 4.09 5.79 19.85
Operating income 84.31 73.88 64.58 48.84 76.50 127.88 81.35 99.13 114.29 99.45 106.56 68.58 73.32 74.88 77.40 72.03 66.84 72.78 78.60 69.39 84.15 80.38 74.61 55.40 32.96 39.50 26.76 21.77 14.11 21.12 22.32 20.84 19.75 21.66 16.91 23.85 14.74 14.48 19.19 14.90 10.29 54.59
Non-operating income (net) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.29 -1.77 -7.41
Income before tax 84.31 73.88 64.58 48.84 76.50 127.88 81.35 99.13 114.29 99.45 106.56 68.58 73.32 74.88 77.40 72.03 66.84 72.78 78.60 69.39 84.15 80.38 74.61 55.40 32.96 39.50 26.76 21.77 14.11 21.12 22.32 20.84 19.75 21.66 16.91 23.85 14.74 14.48 19.19 12.61 8.52 47.18
Income tax expense 16.57 6.04 9.88 10.85 18.26 32.21 20.07 22.73 27.24 21.98 25.06 3.27 18.36 17.72 18.91 18.10 16.70 17.58 20.10 17.98 22.17 20.60 19.61 14.23 8.38 9.43 6.50 5.33 3.54 5.70 5.58 5.19 4.68 1.33 6.45 9.09 5.61 5.73 7.59 4.99 3.37 18.80
Net income 67.73 67.85 54.70 37.98 58.24 95.67 61.27 76.39 87.05 77.47 81.50 65.30 54.96 57.16 58.49 53.94 50.14 55.20 58.50 51.42 61.98 59.79 55.00 41.16 24.58 30.06 20.26 16.44 10.57 15.42 16.74 15.65 15.06 20.33 10.47 14.76 9.13 8.75 11.60 7.42 4.94 28.38
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