Merchants Bancorp Detailed Financials

Full historical quarterly statements

Metric	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	317.1M	354.7M	343.5M	353.7M	310.1M	379.8M	354.6M	358.6M
Cost of Goods Sold	157.2M	197.1M	203.0M	228.7M	172.7M	189.4M	213.0M	210.1M
Gross Profit	159.9M	157.5M	140.6M	125.0M	137.4M	190.4M	141.6M	148.5M
R&D Expenses	0	0	0	0	0	0	0	0
Operating Expenses	75.6M	83.6M	76.0M	76.2M	60.9M	62.5M	60.2M	49.4M
Operating Income	84.3M	73.9M	64.6M	48.8M	76.5M	127.9M	81.3M	99.1M
Other Income / Gains	0	0	0	0	0	0	0	0
Net Income	67.7M	67.8M	54.7M	38.0M	58.2M	95.7M	61.3M	76.4M
EPS (Diluted)	1.25	1.28	0.97	0.60	0.93	1.86	1.17	1.50
Reported Currency	USD	USD	USD	USD	USD	USD	USD	USD
Gross Profit Ratio	0.504	0.444	0.409	0.353	0.443	0.501	0.399	0.414
General And Administrative Expenses	2.8M	45.8M	53.5M	3.2M	43.6M	44.0M	44.2M	34.0M
Selling And Marketing Expenses	0	0	0	0	0	0	0	0
Selling General And Administrative Expenses	2.8M	45.8M	53.5M	3.2M	43.6M	44.0M	44.2M	34.0M
Other Expenses	72.9M	37.9M	22.5M	73.0M	17.2M	18.5M	16.0M	15.4M
Cost And Expenses	232.8M	280.8M	278.9M	304.9M	233.6M	251.9M	273.2M	259.5M
Interest Income	270.5M	307.5M	301.8M	304.4M	287.2M	321.3M	338.9M	328.3M
Interest Expense	141.9M	169.4M	173.7M	175.7M	165.0M	186.7M	206.1M	200.2M
Depreciation And Amortization	0	0	765K	770K	770K	760K	783K	746K
Ebitda	84.3M	73.9M	65.3M	49.6M	77.3M	128.6M	82.1M	99.9M
Ebitdaratio	0.266	0.208	0.19	0.14	0.249	0.339	0.232	0.278
Operating Income Ratio	0.266	0.208	0.188	0.138	0.247	0.337	0.229	0.276
Income Before Tax	84.3M	73.9M	64.6M	48.8M	76.5M	127.9M	81.3M	99.1M
Income Before Tax Ratio	0.266	0.208	0.188	0.138	0.247	0.337	0.229	0.276
Income Tax Expense	16.6M	6.0M	9.9M	10.9M	18.3M	32.2M	20.1M	22.7M
Net Income Ratio	0.214	0.191	0.159	0.107	0.188	0.252	0.173	0.213
Epsdiluted	1.25	1.28	0.97	0.60	0.93	1.85	1.17	1.49
Weighted Average Shs Out	45.9M	45.9M	45.9M	45.9M	45.8M	45.8M	45.8M	44.6M
Weighted Average Shs Out Dil	46.0M	46.0M	45.9M	45.9M	45.9M	45.9M	45.9M	44.7M