Financials in USD. Standardized financial statements.
A compact view of how Merchants Financial Group, 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? | $174.43M | $162.44M | $143.80M | $122.26M | $126.58M | $134.63M | $110.52M | $91.47M | $88.37M | $87.35M |
| Revenue Growth? | +7.4% | +13.0% | +17.6% | -3.4% | -6.0% | +21.8% | +20.8% | +3.5% | +1.2% | 0.0% |
| Cost of Revenue? | $51.21M | $50.01M | $31.44M | $8.32M | $8.31M | $13.11M | $14.19M | -$3.06M | $0 | $0 |
| Gross Profit? | $123.21M | $112.43M | $112.36M | $113.93M | $118.27M | $121.52M | $96.33M | $94.53M | $88.37M | $87.35M |
| Gross Margin? | +70.6% | +69.2% | +78.1% | +93.2% | +93.4% | +90.3% | +87.2% | +103.4% | +100.0% | +100.0% |
| Operating Expenses? | $82.17M | $88.01M | $78.39M | $72.94M | $79.10M | $92.33M | $68.70M | $12.23M | $13.54M | $13.89M |
| Operating Income? | $41.06M | $24.41M | $33.97M | $40.99M | $39.17M | $29.19M | $27.63M | $28.30M | $26.12M | $26.02M |
| EBITDA? | $45.16M | $0 | -$3.05M | $50.20M | $49.67M | $41.07M | $35.43M | $25.52M | $25.08M | $24.09M |
| Income Before Tax | $41.05M | $24.41M | $33.97M | $40.99M | $39.17M | $29.19M | $27.63M | $25.24M | $22.56M | $22.06M |
| Income Tax Expense | $8.67M | $5.87M | $8.47M | $10.57M | $10.39M | $7.68M | $7.86M | $6.35M | $1.68M | $7.91M |
| Net Income? | $32.38M | $18.54M | $25.50M | $30.42M | $28.78M | $21.51M | $19.77M | $18.89M | $20.88M | $14.15M |
| EPS? | $3.96 | $2.34 | $3.23 | $3.85 | $3.65 | $2.70 | $2.47 | $2.36 | $2.61 | $1.77 |
| Diluted EPS? | $4.02 | $2.34 | $3.23 | $3.85 | $3.65 | $2.70 | $2.47 | $2.36 | $2.61 | $1.77 |
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