Financials in USD. Standardized financial statements.
A compact view of how Farmers & Merchants Bancshares, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $11.96M | $9.24M | $11.14M | $10.38M | $9.97M | $11.23M | $9.87M | $6.78M | $6.83M | $8.60M |
| Revenue Growth? | +29.4% | -17.0% | +7.2% | +4.1% | -11.2% | +13.8% | +45.6% | -0.7% | -20.6% | 0.0% |
| Cost of Revenue? | $2.22M | $0 | $67,000 | $10.38M | $554,782 | $700,000 | $408,000 | $1.11M | $600,000 | $0 |
| Gross Profit? | $9.74M | $9.24M | $8.73M | $6,977 | $9.42M | $10.28M | $9.46M | $5.66M | $6.22M | $8.60M |
| Gross Margin? | +81.4% | +100.0% | +78.4% | +0.1% | +94.4% | +91.6% | +95.9% | +83.5% | +91.2% | +100.0% |
| Operating Expenses? | $8.33M | $8.34M | $5.34M | $8.37M | $8.39M | $0 | $2.84M | $5.19M | $4.83M | -$6.95M |
| Operating Income? | $1.41M | $900,936 | -$190,988 | $1.00M | $1.03M | $1.35M | $6.63M | $5.66M | $6.22M | $1.64M |
| EBITDA? | $1.69M | $1.31M | $245,664 | $1.36M | $1.37M | $1.69M | -$78,596 | -$6.04M | -$6.64M | $1.64M |
| Income Before Tax | $1.41M | $880,025 | -$190,988 | $1.00M | $1.03M | $1.35M | $131,104 | -$121,000 | $918,000 | $1.64M |
| Income Tax Expense | $288,802 | $136,510 | -$109,130 | $199,696 | $153,533 | $162,324 | -$38,157 | $71,000 | $603,000 | $485,000 |
| Net Income? | $1.12M | $743,515 | -$82,000 | $803,076 | $872,019 | $1.19M | $169,261 | -$50,000 | $315,000 | $1.16M |
| EPS? | $4.03 | $2.69 | $-0.30 | $2.96 | $3.24 | $4.44 | $0.64 | $-0.18 | $1.08 | $4.06 |
| Diluted EPS? | $4.03 | $2.69 | $-0.30 | $2.96 | $3.24 | $4.44 | $0.64 | $-0.18 | $1.08 | $4.06 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality