Amalgamated Financial Corp. (AMAL) Income Statement
AMAL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAMAL revenue and net income
Where AMAL's revenue goes
2025Each bar shows an amount and its share of revenue. AMAL kept 23.0% of revenue as net income.
AMAL profit margins
AMAL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.5% | +16.9% | +15.3% | +13.8% |
| Gross profit | +4.4% | +8.3% | +11.2% | +12.3% |
| Operating income | −3.6% | +9.0% | +17.7% | +36.5% |
| Net income | −1.9% | +8.6% | +17.7% | +18.3% |
| EPS (diluted) | +4.9% | +10.5% | +17.9% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AMAL quarterly EPS vs estimates
Amalgamated Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $1.08).
AMAL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $455.0M | $435.3M | $382.5M | $285.2M | $208.8M | $223.7M | $215.2M | $192.3M | $167.3M | $158.5M |
| Cost of revenue | $135.2M | $129.2M | $111.4M | $33.7M | $5.9M | $35.3M | $23.2M | $14.0M | $24.4M | $23.3M |
| Gross profit | $319.8M | $306.2M | $271.0M | $251.5M | $202.8M | $188.4M | $192.0M | $178.1M | $142.8M | $135.2M |
| Sales, general & admin | $122.2M | $101.2M | $94.0M | $81.7M | $75.6M | $76.1M | $84.1M | $86.0M | $76.5M | $26.9M |
| Total operating expenses | $179.6M | $160.6M | $146.3M | $143.3M | $132.1M | $126.5M | $127.8M | $128.0M | $123.1M | $105.5M |
| Operating income | $140.1M | $145.3M | $124.7M | $108.2M | $70.7M | $61.9M | $64.2M | $50.3M | $19.7M | $16.4M |
| Interest income | $422.2M | $401.3M | $340.6M | $258.5M | $180.5M | $190.5M | $186.0M | $164.0M | $139.1M | $126.7M |
| Interest expense | $124.4M | $118.9M | $96.8M | $18.6M | $6.2M | $10.5M | $19.3M | $14.2M | $17.8M | $23.3M |
| Income before taxes | $140.2M | $145.6M | $124.7M | $108.2M | $70.7M | $61.9M | $64.2M | $50.3M | $19.7M | $10.7M |
| Income taxes | $35.7M | $39.2M | $36.8M | $26.7M | $17.8M | $15.8M | $17.0M | $5.7M | $13.6M | $137,000 |
| Net income | $104.4M | $106.4M | $88.0M | $81.5M | $52.9M | $46.2M | $47.2M | $44.7M | $6.1M | $10.6M |
| EBITDA | $147.0M | $151.0M | $131.1M | $118.5M | $75.6M | $69.5M | $70.2M | $55.5M | $24.7M | $15.0M |
| EPS (diluted) | $3.66 | $3.49 | $2.94 | $2.71 | $1.72 | $1.61 | $1.49 | $1.36 | $0.19 | — |
| Gross margin | 70.3% | 70.3% | 70.9% | 88.2% | 97.2% | 84.2% | 89.2% | 92.6% | 85.4% | 85.3% |
| Operating margin | 30.8% | 33.4% | 32.6% | 37.9% | 33.9% | 27.7% | 29.8% | 26.2% | 11.8% | 10.3% |
| Net margin | 23.0% | 24.4% | 23.0% | 28.6% | 25.4% | 20.6% | 21.9% | 23.2% | 3.7% | 6.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $129.5M | $122.6M | $115.2M | $118.1M | $112.1M | $109.6M | $107.9M | $112.6M | $109.8M | $105.1M | $101.7M | $97.5M |
| Cost of revenue | $35.5M | $42.6M | $30.0M | $38.4M | $36.1M | $30.7M | $33.2M | $32.6M | $32.9M | $30.5M | $32.4M | $29.5M |
| Gross profit | $93.9M | $80.0M | $85.2M | $79.7M | $76.0M | $78.9M | $74.7M | $80.0M | $76.8M | $74.6M | $69.3M | $67.9M |
| Sales, general & admin | $31.2M | $30.5M | $28.9M | $27.0M | $24.6M | $24.3M | $25.7M | $25.7M | $25.3M | $24.5M | $23.0M | $23.4M |
| Total operating expenses | $47.3M | $45.9M | $51.9M | $43.0M | $40.5M | $44.2M | $41.7M | $41.8M | $41.1M | $36.1M | $34.1M | $36.8M |
| Operating income | $46.6M | $34.1M | $33.3M | $36.7M | $35.4M | $34.7M | $33.1M | $38.2M | $35.8M | $38.5M | $35.2M | $31.2M |
| Interest income | $117.2M | $109.3M | $107.9M | $109.6M | $104.1M | $100.7M | $102.6M | $102.8M | $99.0M | $96.9M | $96.0M | $91.2M |
| Interest expense | $31.1M | $29.2M | $30.0M | $33.1M | $31.2M | $30.1M | $29.5M | $30.7M | $29.8M | $28.9M | $28.7M | $27.5M |
| Income before taxes | $46.6M | $34.1M | $33.3M | $36.7M | $35.5M | $34.7M | $33.1M | $38.2M | $35.8M | $38.5M | $35.2M | $31.2M |
| Income taxes | $11.9M | $8.8M | $6.6M | $9.9M | $9.5M | $9.7M | $8.6M | $10.3M | $9.0M | $11.3M | $12.5M | $8.8M |
| Net income | $34.8M | $25.2M | $26.6M | $26.8M | $26.0M | $25.0M | $24.5M | $27.9M | $26.8M | $27.2M | $22.7M | $22.3M |
| EBITDA | $47.7M | $36.2M | $38.9M | $36.9M | $35.9M | $35.1M | $35.5M | $39.2M | $35.6M | $40.7M | $36.3M | $32.3M |
| EPS (diluted) | $1.10 | $0.80 | $0.99 | $0.91 | $0.88 | $0.88 | $0.90 | $0.91 | $0.85 | $0.83 | $0.72 | $0.76 |
| Gross margin | 72.6% | 65.2% | 74.0% | 67.5% | 67.8% | 72.0% | 69.3% | 71.1% | 70.0% | 71.0% | 68.1% | 69.7% |
| Operating margin | 36.0% | 27.8% | 28.9% | 31.1% | 31.6% | 31.7% | 30.6% | 34.0% | 32.6% | 36.7% | 34.6% | 32.0% |
| Net margin | 26.9% | 20.6% | 23.1% | 22.7% | 23.2% | 22.8% | 22.7% | 24.8% | 24.4% | 25.9% | 22.3% | 22.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AMAL's financial statements (latest annual report filed March 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AMAL financial results
In fiscal year 2025 (ended December 31, 2025), Amalgamated Financial reported revenue of $455.0 million, up 4.5% from the year before. It had net income of $104.4 million (down 1.9%), a net profit margin of 23.0%. Diluted earnings per share came to $3.66. Over five years revenue grew at an average rate of 15.3% a year.
See the AMAL stock overview for the latest quote and news, or the AMAL chart for price history and technical indicators.
AMAL income statement FAQ
What is Amalgamated Financial's annual revenue?
Amalgamated Financial reported total revenue of $455.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.5% from $435.3 million the previous year.
Is Amalgamated Financial profitable?
Yes. Amalgamated Financial reported net income of $104.4 million in fiscal 2025, a net profit margin of 23.0%; its operating margin was 30.8%.
What is Amalgamated Financial's gross margin?
Amalgamated Financial's gross margin was 70.3% in fiscal 2025: for every $100 of revenue, Amalgamated Financial kept $70 after the direct cost of its products and services.
How fast is Amalgamated Financial growing?
Revenue grew 15.3% a year on average over the last five fiscal years, from $223.7 million to $455.0 million.
What are Amalgamated Financial's earnings per share?
Amalgamated Financial earned $3.66 per diluted share in fiscal 2025, compared with $3.49 a year earlier.
When will Amalgamated Financial report its next earnings?
Amalgamated Financial is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Amalgamated Financial's fiscal year end?
Amalgamated Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 5, 2026.