MEDALLION FINANCIAL CORP MFIN

Financials SIC 6199 - Finance Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities derived Nasdaq

We, Medallion Financial Corp., or the Company, are a specialty finance company organized as a Delaware corporation. Our strategic focus is operating and growing our consumer finance and commercial lending businesses. Our total assets were $2.96 billion as of December 31, 2025 and $2.87 billion as of December 31, 2024.

•Medallion Bank, or the Bank, a Federal Deposit Insurance Corporation, or FDIC, insured industrial bank that originates consumer loans, raises deposits and conducts other banking activities;

•Medallion Capital, Inc., or Medallion Capital, a Small Business Investment Company, or SBIC, which operates a mezzanine financing business;

•Medallion Funding LLC, or Medallion Funding, an SBIC, historically our primary taxi medallion lending company; and

Last close 11.42 2026-10-23
Market cap $262.2M 2026-06-30 share count
52-week range 7.85 - 12.26

Valuation FY2025 figures against the last close

P/S0.8x
P/E6.4x
P/FCF2.1x
EV/EBITDA—
Dividend yield4.2%
Diluted EPS1.78

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $315.3M$290.7M$251.0M$196.6M$159.0M$145.0M$132.6M$100.8M——
Total operating expenses ————————$4.2M$5.2M
Interest expense $216.9M$202.5M$188.1M$160.4M$31.1M$34.2M$35.0M$28.4M——
Pre-tax income $79.9M$62.9M$86.0M$67.8M$81.9M-$37.0M$2.3M-$10.7M——
Income tax $24.5M$21.0M$24.9M$18.0M$24.2M$10.1M$341.0K$69.0K$36.2M$45.9M
Net income $43.0M$35.9M$55.1M$43.8M$54.1M-$34.8M-$1.8M-$25.0M——
EPS, basic 1.891.592.451.862.20-1.42-0.07-1.030.010.97
EPS, diluted 1.781.522.371.832.17-1.42-0.07-1.030.010.97
Shares, diluted (wtd. avg.) 24.2M23.6M23.2M23.9M24.9M24.4M24.3M24.2M24.1M24.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $136.3M$98.2M$52.6M$33.2M$64.5M$54.7M$17.7M$57.7M$42.5M—
Goodwill $150.8M$150.8M$150.8M$150.8M$150.8M$150.8M$150.8M$150.8M——
Other intangibles $17.7M$19.1M$20.6M$22.0M$23.5M$51.1M$52.5M$54.0M——
Total assets $2.96B$2.87B$2.59B$2.26B$1.87B$1.64B$1.54B$1.38B$1.08B—
Short-term debt $95.2M$49.0M$8.0M$5.0M$0$87.3M$38.2M$55.2M——
Long-term debt $216.0M$232.2M$235.5M$214.3M$220.0M$153.7M$174.6M$158.8M——
Total liabilities $2.45B$2.43B$2.18B$1.89B$1.52B$1.34B$1.21B$1.09B$913.1M—
Retained earnings $162.4M$130.3M$103.9M$66.7M$30.6M-$23.5M$11.3M$13.0M——
Total equity $408.6M$370.2M$411.8M$370.5M$355.8M$304.6M$334.5M$290.2M$287.2M$286.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $126.3M$108.7M$113.8M$108.7M$78.7M$78.7M$64.9M$66.6M——
Depreciation and amortisation $8.3M$6.2M$5.2M$5.2M$6.5M$7.7M$7.5M$5.6M——
Stock-based compensation $6.7M$6.1M$4.7M$3.5M$2.3M$2.0M$1.2M$576.0K——
Investing cash flow -$124.5M-$328.9M-$340.7M-$449.0M-$238.3M-$171.0M-$206.5M-$23.7M——
Financing cash flow $30.2M$240.0M$271.2M$321.4M$172.0M$136.5M$151.7M-$27.7M——
Dividends paid $11.0M$9.4M$7.7M$7.5M$0$0—$66.0K——
Buybacks $986.0K$4.6M$0$20.6M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197272.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M 400M Revenue, FY2018: 100.8M Net income, FY2018: -25M Revenue, FY2019: 132.6M Net income, FY2019: -1.8M Revenue, FY2020: 145M Net income, FY2020: -34.8M Revenue, FY2021: 159M Net income, FY2021: 54.1M Revenue, FY2022: 196.6M Net income, FY2022: 43.8M Revenue, FY2023: 251M Net income, FY2023: 55.1M Revenue, FY2024: 290.7M Net income, FY2024: 35.9M Revenue, FY2025: 315.3M Net income, FY2025: 43M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — $100.8M $132.6M $145.0M $159.0M $196.6M $251.0M $290.7M $315.3M
Gross profit — — — — — — — — — —
Net income — — -$25.0M -$1.8M -$34.8M $54.1M $43.8M $55.1M $35.9M $43.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event Item 8.01
  • Debt acceleration or default Something has triggered a lender's right to demand early repayment - usually a covenant breach. Item 2.04

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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