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Medallion Financial (MFIN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Medallion Financial (MFIN) Q3 2026 earnings results →

Q3 2026 Revenue up 5% year over year to $61.8M · 4¢ of every $1 of revenue kept as net profit · operating margin 11.4%

Medallion Financial made $61.8M in Q3 2026 (+5% Y/Y): Net interest income $58.4M, Noninterest income $3.4M. Operating margin 11.4%, net earnings $2.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$61.8M
Year over year+5%
Operating margin11.4%
Net earnings$2.4M
Operating cash flow$44.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $61.8M in Q3 2026, up 5% year over year and roughly flat from the previous quarter. Net interest income was the largest line at 94% of revenue. Net interest income added $2.7M year over year (up 5%), 88% of the total change.

Operating profit was $7.1M, a 11.4% margin (down 21.7 points year over year). Operating profit fell $12.4M even though revenue rose $3.1M versus a year earlier, so costs grew faster than sales. Total costs grew 39% against revenue growth of 5%. The fastest-growing cost line was Credit loss provision (+66%). Net earnings were $2.4M, down 69% year over year. The effective tax rate was 33.1%.

Operating cash flow was $44.6M (down 45% year over year), 943% of net income including minority interests. Non-cash charges added back $2.4M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $35.9M.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$61.8M+5%11.4%$2.4M$44.6M

Charts

Medallion Financial: where the cash came from (+) and went (−), TTM to Q3 2026Medallion Financial: where the cash came from (+) and went (−), TTM to Q3 2026Other investing−$459MOther financing$391MOperating cash flow$138MCash drawn (+) / kept (−)−$92.1MPartners$51.9MBuybacks−$13.2MDividends−$12.2MTaxes on employees’ shares−$4.7MShares issued$203K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Medallion Financial: profit against cash, quarter by quarterMedallion Financial: profit against cash, quarter by quarterNet incomeOperating cash flow$11.7M$24.2MQ4 2024$13.5M$33.1MQ1 2025$13.7M−$23.0MQ2 2025$13.6M$81.0MQ3 2025$14.5M$35.1MQ4 2025$7.3M$41.3MQ1 2026$9.8M$17.5MQ2 2026$4.7M$44.6MQ3 2026
Latest (Q3 2026): Net income $4.7M, Operating cash flow $44.6M.
Medallion Financial: diluted shares by fiscal yearMedallion Financial: diluted shares by fiscal year24MFY202025MFY202124MFY202223MFY202324MFY202424MFY2025
-0.8% since FY2020: buybacks shrank the count.
Medallion Financial: long-term debt falling due (FY2025)Medallion Financial: long-term debt falling due (FY2025)$783M2026$632M2027$464M2028$171M2029$234M2030$119MLater
Cash $136M, short-term investments —, long-term debt $216M at 2025-12-31.
Medallion Financial in its industry: growth against margin (84 companies, SIC 6199)Medallion Financial in its industry: growth against margin (84 companies, SIC 6199)revenue growth, year over year →↑ operating marginmedian +17%median -17%AXPBTGOGeneral Motors Financial Company, Inc.SOFICOINCRCLCHYMGDOTBKKTRHLDPGYUPSTLDIWDPWPOPRTCORZIRENDAVERIOTMARABURCPSSMSTRVELOPFIWLTHCLSKSNFCAHIVEWULFProsper Marketplace, IncHUTABTCGPGIIONDBMNRBCGGEMIStartEngine Inc.NAKABTBTWYFIKEELCIFREXODGHIMGTESLNHTONXZSTKSBETFWDIMGLDBGDEDGXXATCHFLDVIPDFDVAGPUUPXIDRKAVXHSDTBTCSPWCMORBSSHFSOPNWTRONMVNCMinistry Partners Investment Company, LLCPAPLMWAIBNBXCDSUIGFGCEMPDTAOXGSMTHSCSMFIN (+5%, 11%)
Finance Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Medallion Financial

Medallion Financial Corp. (NASDAQ: MFIN) and its subsidiaries originate and service a portfolio of consumer loans and mezzanine loans in various industries. Key industries served include recreation (towable RVs and marine) and home improvement (swimming pools, replacement roofs, and windows). Medallion Financial Corp. is headquartered in New York City, NY, and its largest subsidiary, Medallion Bank, is headquartered in Salt Lake City, Utah. For more information, please visit www.medallion.com .

In its own words, from its 8-K, filed Jul 29, 2026.

Medallion Financial against its Finance Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +17%. Operating margin: 11.4% against the peers' median 11.4%.

CompanyQuarterRevenueY/YOp. margin
MFIN Medallion FinancialQ3 2026$61.8M+5%11.4%
AXP American ExpressQ3 2026$20.1B+9%22.6%
BTGO Bitgo HoldingsQ2 FY27$4.3B+80%-0.4%
General Motors Financial CompanyQ3 2026$4.3B-0.6%15.3%
SOFI SoFi TechnologiesQ3 2026$1.4B+44%22.9%
COIN Coinbase GlobalQ3 2026$1.2B-35%5.1%
CRCL Circle Internet GroupQ3 2026$865M+17%24.1%
CHYM Chime FinancialQ3 2026$718M+32%4.8%
GDOT Green DOTQ2 2026$596M+18%-0.1%

Source: Medallion Financial 10-Q on SEC EDGAR · CIK 1000209 · Finance Services

Guidance and outlook

Medallion Financial: what its forward-looking statements are about (10-Q filed 2026-11-05)Medallion Financial: what its forward-looking statements are about (10-Q filed 2026-11-05)Costs4Financing3Other3Buybacks & dividends2The economy1Demand1Margins1
15 statements; tone +0.60 (−1 all cautious, +1 all confident); 3 hedged.
Medallion Financial: outlook statements against the filing beforeMedallion Financial: outlook statements against the filing beforeConfident11Cautious2

13F: who owns MFIN and who is buying

Largest holders of MFIN (13F)Largest holders of MFIN (13F)BlackRock$12.4MVanguard Group$11.0MVanguard Capital Management LLC$7.4MGeode Capital Management, LLC$4.6MUniplan Investment Counsel$4.1MSEI Investments$2.6MState Street$2.5MGoldman Sachs Group$2.2MAmerican Century Companies$2.2MConnor, Clark & Lunn Investment M…$2.1M
Funds' net buying of MFIN by quarter (13F)Funds' net buying of MFIN by quarter (13F)$31K2024-09−$146K2024-12$124K2025-03$1.4M2025-06−$265K2025-09$4.4M2025-12$2.3M2026-03−$887K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MFIN

History

Every quarter: Q3 2026 results

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中文版：Medallion Financial（MFIN）财报

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