Filing Flows › Medallion Financial (MFIN) › Q3 2026
Medallion Financial (MFIN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Medallion Financial (MFIN) reported revenue of $61.8M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.1% from the quarter before. Operating margin was 11.4%, net earnings $2.4M (3.9% of revenue).
Medallion Financial, Q3 2026: revenue $61.8M (+5% year over year), operating margin 11.4%, net earnings $2.4M, operating cash flow $44.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61.8M | +0.1% | +5% |
| Operating profit | $7.1M | -51% | -64% |
| Net earnings | $2.4M | -68% | -69% |
| Operating cash flow | $44.6M | +155% | -45% |
What changed
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.
Questions
What was Medallion Financial's revenue in the third quarter 2026?
Medallion Financial (MFIN) reported revenue of $61.8M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.1% from the quarter before.
Was Medallion Financial profitable in the third quarter 2026?
Operating profit was $7.1M (11.4% of revenue) and net earnings $2.4M.