Medallion Financial Corp. (MFIN) Income Statement
MFIN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMFIN revenue and net income
Where MFIN's revenue goes
2025Each bar shows an amount and its share of revenue. MFIN kept 12.2% of revenue as net income.
MFIN profit margins
MFIN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +21.1% | +21.2% | +18.5% | +20.3% |
| Gross profit | +168.9% | +37.3% | +48.5% | +22.2% |
| Operating income | +183.3% | +38.0% | — | +19.8% |
| Net income | +20.0% | −0.6% | — | +3.9% |
| EPS (diluted) | +17.1% | −0.7% | — | +7.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MFIN quarterly EPS vs estimates
Medallion Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.32).
MFIN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $353.3M | $291.8M | $254.5M | $198.4M | $179.2M | $151.4M | $141.3M | $111.0M | $19.4M | $104.8M |
| Cost of revenue | $11.5M | $164.7M | $100.8M | $66.2M | $35.8M | $104.0M | $82.4M | $87.4M | $13.8M | $12.6M |
| Gross profit | $341.8M | $127.1M | $153.8M | $132.2M | $143.4M | $47.4M | $58.9M | $23.7M | $5.6M | $92.2M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $2 | $2 |
| Sales, general & admin | $5.0M | $41.0M | $40.0M | $33.5M | $34.0M | $31.0M | $30.2M | $26.9M | $9.3M | $3.4M |
| Total operating expenses | $163.5M | $64.2M | $67.7M | $64.3M | $61.6M | $84.4M | $56.5M | $34.4M | $13.5M | $22.8M |
| Operating income | $178.3M | $62.9M | $86.0M | $67.8M | $81.9M | −$37.0M | $2.3M | −$10.7M | −$7.8M | $69.4M |
| Interest income | $315.3M | $290.7M | $238.0M | $196.6M | $159.0M | $145.0M | $132.6M | $100.8M | $17.3M | $21.3M |
| Interest expense | $98.4M | $88.2M | $62.9M | $36.2M | $31.1M | $34.2M | $35.0M | $28.4M | $13.8M | $12.6M |
| Income before taxes | $79.9M | $62.9M | $86.0M | $67.8M | $81.9M | −$37.0M | $2.3M | −$10.7M | −$7.8M | $69.4M |
| Income taxes | $24.5M | $21.0M | $24.9M | $18.0M | $24.2M | −$10.1M | $341,000 | $373,000 | −$728,000 | $45.9M |
| Net income | $43.0M | $35.9M | $55.1M | $43.8M | $54.1M | −$34.8M | −$1.8M | −$25.0M | $278,000 | $23.5M |
| EBITDA | $186.6M | $69.2M | $87.9M | $73.1M | $83.6M | −$29.3M | $9.8M | −$5.2M | −$6.8M | $69.9M |
| EPS (diluted) | $1.78 | $1.52 | $2.37 | $1.82 | $2.10 | −$1.28 | $0.05 | −$1.24 | −$0.05 | $0.19 |
| Gross margin | 96.7% | 43.6% | 60.4% | 66.6% | 80.0% | 31.3% | 41.7% | 21.3% | 29.1% | 87.9% |
| Operating margin | 50.5% | 21.6% | 33.8% | 34.2% | 45.7% | −24.4% | 1.7% | −9.7% | −40.4% | 66.2% |
| Net margin | 12.2% | 12.3% | 21.6% | 22.1% | 30.2% | −23.0% | −1.2% | −22.6% | 1.4% | 22.4% |
| 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 | $88.9M | $81.5M | $95.8M | $79.3M | $82.0M | $82.7M | $83.2M | $72.6M | $67.5M | $70.0M | $68.2M | $66.1M |
| Cost of revenue | $6.4M | $5.5M | $2.9M | $43.6M | $45.6M | $46.0M | $45.1M | $43.8M | $39.4M | $36.4M | $29.3M | $31.6M |
| Gross profit | $82.5M | $76.0M | $92.9M | $35.7M | $36.4M | $36.6M | $38.2M | $28.7M | $28.0M | $33.6M | $38.9M | $34.5M |
| Sales, general & admin | $2.1M | $1.3M | $27.3M | $10.8M | $10.8M | $10.7M | $10.7M | $10.1M | $10.1M | $10.1M | $10.4M | $10.3M |
| Total operating expenses | $40.8M | $39.3M | $46.9M | $16.2M | $16.9M | $16.4M | $19.7M | $14.6M | $15.6M | $15.8M | $16.7M | $15.0M |
| Operating income | $41.6M | $36.6M | $46.0M | $19.5M | $19.5M | $20.2M | $18.5M | $14.2M | $12.4M | $17.9M | $22.2M | $19.5M |
| Interest income | $84.4M | $79.1M | $81.7M | $80.8M | $77.4M | $75.4M | $76.5M | $76.4M | $70.7M | $67.1M | $67.6M | $65.9M |
| Interest expense | $27.1M | $25.0M | $25.3M | $25.1M | $24.1M | $24.0M | $24.5M | $23.7M | $20.8M | $19.2M | $18.6M | $17.1M |
| Income before taxes | $14.5M | $11.6M | $20.7M | $19.5M | $19.5M | $20.2M | $18.5M | $14.2M | $12.4M | $17.9M | $22.2M | $19.5M |
| Income taxes | $4.7M | $4.3M | $6.2M | $5.9M | $5.8M | $6.7M | $6.8M | $4.1M | $3.8M | $6.4M | $6.3M | $6.7M |
| Net income | $7.4M | $5.0M | $12.2M | $11.3M | $11.1M | $12.0M | $10.1M | $8.6M | $7.1M | $10.0M | $14.3M | $11.2M |
| EBITDA | $43.8M | $38.7M | $48.0M | $21.5M | $21.6M | $22.3M | $20.3M | $15.8M | $13.7M | $19.3M | $22.6M | $19.9M |
| EPS (diluted) | $0.31 | $0.20 | $0.50 | $0.32 | $0.46 | $0.50 | $0.43 | $0.37 | $0.30 | $0.42 | $0.60 | $0.48 |
| Gross margin | 92.8% | 93.2% | 96.9% | 45.0% | 44.4% | 44.3% | 45.8% | 39.6% | 41.6% | 48.1% | 57.0% | 52.2% |
| Operating margin | 46.8% | 45.0% | 48.0% | 24.6% | 23.7% | 24.5% | 22.2% | 19.5% | 18.4% | 25.6% | 32.5% | 29.4% |
| Net margin | 8.4% | 6.1% | 12.7% | 14.2% | 13.5% | 14.5% | 12.2% | 11.9% | 10.5% | 14.3% | 21.0% | 17.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MFIN's financial statements (latest annual report filed March 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MFIN financial results
In fiscal year 2025 (ended December 31, 2025), Medallion Financial reported revenue of $353.3 million, up 21.1% from the year before. It had net income of $43.0 million (up 20.0%), a net profit margin of 12.2%. Diluted earnings per share came to $1.78. Over five years revenue grew at an average rate of 18.5% a year.
See the MFIN stock overview for the latest quote and news, or the MFIN chart for price history and technical indicators.
MFIN income statement FAQ
What is Medallion Financial's annual revenue?
Medallion Financial reported total revenue of $353.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 21.1% from $291.8 million the previous year.
Is Medallion Financial profitable?
Yes. Medallion Financial reported net income of $43.0 million in fiscal 2025, a net profit margin of 12.2%; its operating margin was 50.5%.
What is Medallion Financial's gross margin?
Medallion Financial's gross margin was 96.7% in fiscal 2025: for every $100 of revenue, Medallion Financial kept $97 after the direct cost of its products and services.
How fast is Medallion Financial growing?
Revenue grew 18.5% a year on average over the last five fiscal years, from $151.4 million to $353.3 million.
What are Medallion Financial's earnings per share?
Medallion Financial earned $1.78 per diluted share in fiscal 2025, compared with $1.52 a year earlier.
When will Medallion Financial report its next earnings?
Medallion Financial is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Medallion Financial's fiscal year end?
Medallion Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 10, 2026.