NASDAQ : MFIN

Medallion Financial Corp. — Financial statements

Financials · Credit Services · United States

Last price 10.1 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 221.77M

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Financial statements

Medallion Financial Corp. (MFIN) reported revenue of 358.46M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Other Revenue358.46M353.31M302.03M262.36M206.80M191.50M
Revenue358.46M353.31M302.03M262.36M206.80M191.50M
Cost of Revenue103.21M89.82M76.50M37.81M30.06M4.62M
Gross Profit255.25M263.49M225.53M224.55M176.75M186.88M
Selling, General & Admin91.94M83.73M69.98M74.12M70.61M61.90M
Amortization of Goodwill & Intangibles1.45M1.45M1.45M1.45M1.45M1.45M
Other Operating Expenses657.00K15.15M
Operating Expenses93.47M85.18M71.43M75.57M72.71M78.49M
Operating Income161.79M178.31M154.10M148.98M104.03M108.39M
Interest Expense-107.91M-98.43M-88.17M-62.95M-36.19M-31.14M
EBT Excluding Unusual Items53.88M79.89M65.94M86.04M67.85M77.25M
Other Unusual Items-3.00M4.63M
Pretax Income53.88M79.89M62.94M86.04M67.85M81.87M
Income Tax Expense17.55M24.54M21.01M24.91M17.96M24.22M
Earnings From Continuing Operations36.34M55.34M41.92M61.13M49.89M57.65M
Minority Interest in Earnings-9.34M-12.30M-6.05M-6.05M-6.05M-3.55M
Net Income26.99M43.04M35.88M55.08M43.84M54.11M
Net Income to Common26.99M43.04M35.88M55.08M43.84M54.11M
Shares Outstanding (Basic)22.98M22.77M22.55M22.51M23.58M24.60M
Shares Outstanding (Diluted)24.20M24.25M23.61M23.25M23.93M24.94M
EPS (Basic)1.171.891.592.451.862.20
EPS (Diluted)1.111.781.522.371.832.17
Dividend Per Share0.520.470.410.340.320.08
Gross Margin71.21%74.58%74.67%85.59%85.47%97.59%
Operating Margin45.13%50.47%51.02%56.78%50.31%56.60%
Profit Margin7.53%12.18%11.88%20.99%21.20%28.26%
EBITDA170.12M186.63M160.32M154.22M109.26M112.50M
EBITDA Margin47.46%52.82%53.08%58.78%52.83%58.75%
D&A For EBITDA8.33M8.32M6.22M5.24M5.23M4.12M
EBIT161.79M178.31M154.10M148.98M104.03M108.39M
EBIT Margin45.13%50.47%51.02%56.78%50.31%56.60%
Effective Tax Rate32.56%30.72%33.38%28.95%26.47%29.58%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents243.06M201.56M169.57M149.84M105.60M124.48M
Cash & Short-Term Investments243.06M201.56M169.57M149.84M105.60M124.48M
Accounts Receivable21.97M19.40M15.31M13.54M12.61M10.62M
Other Receivables2.13M671.00K2.10M833.00K
Receivables2.81B2.46B2.28B2.15B1.87B1.45B
Total Current Assets3.07B2.67B2.58B2.30B1.97B1.57B
Property, Plant & Equipment17.18M11.86M13.76M14.08M13.17M11.76M
Long-Term Investments72.04M70.07M65.73M67.46M60.51M56.45M
Goodwill150.80M150.80M150.80M150.80M150.80M
Other Intangible Assets167.42M17.70M19.15M20.59M22.04M23.48M
Long-Term Deferred Charges8.40M8.20M8.50M7.00M7.10M
Other Long-Term Assets37.28M23.61M30.30M30.69M32.95M48.77M
Total Assets3.36B2.96B2.87B2.59B2.26B1.87B
Accounts Payable23.35M18.00M21.77M28.33M20.73M13.56M
Accrued Expenses6.97M6.32M8.23M6.82M4.79M3.40M
Short-Term Debt77.00M95.25M49.00M8.00M5.00M
Current Portion of Leases2.21M2.29M2.47M2.24M2.16M
Current Income Taxes Payable759.00K
Total Current Liabilities107.32M122.53M81.30M45.63M32.76M19.11M
Long-Term Debt2.67B2.30B2.32B2.10B1.82B1.47B
Long-Term Leases11.41M5.04M5.13M7.02M8.41M9.05M
Long-Term Deferred Tax Liabilities16.70M19.60M21.00M21.21M26.75M18.21M
Total Liabilities2.81B2.45B2.43B2.18B1.89B1.52B
Common Stock399.76M296.00K293.00K291.00K287.00K281.00K
Additional Paid-In Capital299.46M293.41M288.05M283.66M280.04M
Retained Earnings159.99M126.61M100.19M63.32M31.64M
Treasury Stock-51.13M-50.14M-45.54M-45.54M-24.92M
Total Common Equity399.76M408.62M370.17M342.99M301.74M287.04M
Minority Interest151.34M99.43M68.79M68.79M68.79M68.79M
Shareholders' Equity551.10M508.05M438.96M411.77M370.52M355.83M
Total Liabilities & Equity3.36B2.96B2.87B2.59B2.26B1.87B
Total Debt2.76B2.40B2.38B2.12B1.84B1.48B
Net Cash (Debt)-2.52B-2.20B-2.21B-1.97B-1.73B-1.36B
Net Cash Per Share-104.11-90.78-93.58-84.73-72.36-54.43
Filing Date Shares Outstanding21.96M22.78M22.35M22.49M22.46M25.05M
Total Common Shares Outstanding21.96M22.56M22.23M22.45M22.20M24.68M
Working Capital2.96B2.55B2.50B2.25B1.94B1.56B
Book Value Per Share18.2118.1116.6515.2713.5911.63
Tangible Book Value232.34M240.11M200.22M171.59M128.90M112.76M
Tangible Book Value Per Share10.5810.649.017.645.814.57

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income43.04M35.88M55.08M43.84M54.11M
Depreciation & Amortization8.32M6.22M5.24M5.23M4.12M
Other Amortization10.59M9.17M9.59M8.71M10.40M
Loss (Gain) From Sale of Assets763.81M196.79M118.36M-715.00K
Loss (Gain) From Sale of Investments-24.55M-6.92M-5.18M-2.78M-17.38M
Stock-Based Compensation6.74M6.05M4.71M3.48M2.26M
Provision & Write-off of Bad Debts89.82M76.50M37.81M30.06M4.62M
Other Operating Activities9.83M4.22M4.41M5.32M-1.89M
Change in Accounts Receivable-4.09M-1.78M-925.00K-1.99M-283.00K
Change in Accounts Payable-3.90M-8.74M6.21M6.38M2.69M
Change in Other Net Operating Assets-3.25M-3.42M-2.84M3.21M2.47M
Operating Cash Flow126.28M108.68M113.78M108.74M78.73M
Divestitures17.68M
Investment in Securities21.50M8.64M-2.13M-5.95M16.29M
Investing Cash Flow-124.49M-328.94M-340.71M-449.00M-238.32M
Issuance of Common Stock516.00K259.00K442.00K155.00K241.00K
Repurchase of Common Stock-2.19M-5.55M-768.00K-20.62M
Common Dividends Paid-10.97M-9.39M-7.70M-7.54M
Other Financing Activities42.85M254.68M279.21M349.39M171.80M
Financing Cash Flow30.20M239.99M271.18M321.38M172.04M
Net Cash Flow31.99M19.73M44.25M-18.89M12.44M
Levered Free Cash Flow10.29M-207.74M-195.10M-349.21M-201.39M
Unlevered Free Cash Flow61.21M-161.81M-165.35M-335.31M-192.32M
Cash Interest Paid96.00M82.76M57.51M31.98M29.87M
Cash Income Tax Paid23.10M22.46M25.10M8.85M5.48M
Change in Working Capital-9.76M-15.61M2.10M14.88M23.21M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization220.01M232.06M208.38M221.09M158.39M142.93M
Enterprise Value2.74B2.54B2.49B2.26B1.91B1.56B
Last Close Price10.029.888.598.575.964.64
PE Ratio9.005.395.814.013.612.64
Forward PE8.666.435.575.445.713.89
PS Ratio0.610.660.690.840.770.75
PB Ratio0.550.460.470.540.430.40
P/TBV Ratio0.950.971.041.291.231.27
P/OCF Ratio1.261.841.921.941.461.82
PEG Ratio0.140.140.140.140.14
EV/Sales Ratio7.647.188.238.639.268.14
EV/EBITDA Ratio16.1013.6015.5114.6817.5313.86
EV/EBIT Ratio16.9314.2316.1315.1918.4114.38
Debt / Equity Ratio5.014.735.425.154.964.17
Debt / EBITDA Ratio15.9712.6814.5913.5316.4612.89
Net Debt / Equity Ratio4.574.335.034.784.673.81
Net Debt / EBITDA Ratio14.8111.7913.7812.7715.8512.07
Asset Turnover0.120.120.110.110.100.11
Quick Ratio2.471.802.303.603.677.11
Current Ratio28.5721.8231.7550.3260.2382.39
Return on Equity (ROE)6.93%11.69%9.86%15.63%13.74%17.46%
Return on Assets (ROA)3.23%3.83%3.53%3.84%3.15%3.85%
Return on Invested Capital (ROIC)3.63%4.61%4.08%4.72%4.01%4.73%
Return on Capital Employed (ROCE)5.00%6.30%5.50%5.90%4.70%5.80%
Earnings Yield11.12%18.55%17.22%24.91%27.68%37.86%
Dividend Yield5.59%4.57%4.37%3.45%4.49%1.38%
Payout Ratio48.48%25.49%26.18%13.98%17.21%
Buyback Yield / Dilution-0.67%-2.72%-1.54%2.84%4.07%-2.04%
Total Shareholder Return4.92%1.85%2.84%6.29%8.56%-0.66%