Financials in USD. Standardized financial statements.
A compact view of how Farmers and 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 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $44.15M | $39.47M | $32.41M | $28.09M | $27.49M | $18.75M | $20.18M | $19.15M | $17.93M | $16.82M |
| Revenue Growth? | +11.9% | +21.8% | +15.4% | +2.2% | +46.6% | -7.1% | +5.4% | +6.8% | +6.6% | 0.0% |
| Cost of Revenue? | $18.66M | $17.68M | $9.34M | $2.62M | $3.14M | $2.06M | $19.52M | $0 | $0 | $0 |
| Gross Profit? | $25.49M | $21.80M | $23.07M | $25.47M | $24.36M | $16.69M | $663,675 | $19.15M | $17.93M | $16.82M |
| Gross Margin? | +57.7% | +55.2% | +71.2% | +90.7% | +88.6% | +89.0% | +3.3% | +100.0% | +100.0% | +100.0% |
| Operating Expenses? | $18.12M | $16.29M | $14.63M | $14.89M | $13.78M | $10.34M | $2.66M | $8.08M | $7.79M | $7.40M |
| Operating Income? | $7.37M | $5.51M | $8.44M | $10.58M | $10.58M | $8.41M | $5.78M | $5.82M | $5.79M | $5.72M |
| EBITDA? | $8.11M | $6.15M | $8.94M | $11.06M | $11.07M | $3.58M | $5.94M | $6.20M | $6.21M | $6.17M |
| Income Before Tax | $7.37M | $5.51M | $8.44M | $10.58M | $10.58M | $3.17M | $5.60M | $5.82M | $5.79M | $5.94M |
| Income Tax Expense | $1.61M | $1.23M | $2.02M | $2.49M | $2.43M | $487,211 | $1.04M | $1.11M | $2.00M | $2.03M |
| Net Income? | $5.77M | $4.28M | $6.42M | $8.09M | $8.15M | $2.68M | $4.56M | $4.71M | $3.79M | $3.91M |
| EPS? | $1.81 | $1.37 | $2.08 | $2.66 | $2.70 | $0.90 | $1.54 | $1.61 | $1.31 | $1.35 |
| Diluted EPS? | $1.81 | $1.37 | $2.08 | $2.66 | $2.70 | $0.90 | $1.54 | $1.61 | $1.31 | $1.35 |
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