Filing Flows › MainStreet Bancshares (MNSB) › Q1 2025
MainStreet Bancshares (MNSB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
MainStreet Bancshares (MNSB) reported revenue of $33.9M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -6% from the quarter before. Operating margin was 9.2%, net earnings $2.5M (7.2% of revenue).
MainStreet Bancshares, Q1 2025: revenue $33.9M (+2% year over year), operating margin 9.2%, net earnings $2.5M, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.9M | -6% | +2% |
| Gross profit | $17.4M | +4% | +6% |
| Operating profit | $3.1M | — | -24% |
| Net earnings | $2.5M | — | -26% |
| Operating cash flow | $1.5M | -73% | -60% |
| Free cash flow | $1.4M | -74% | -54% |
What changed
Revenue was $33.9M in Q1 2025, up 2% year over year and down 6% from the previous quarter. Core Banking Segment was the largest line at 98% of revenue. Core Banking Segment added $724K year over year (up 2%), 114% of the total change. Financial Technology Segment declined 14%.
Gross margin was 51.5%, up 2.1 points from a year earlier. Operating profit was $3.1M, a 9.2% margin (down 3.2 points year over year). Operating profit fell $1.0M even though revenue rose $637K versus a year earlier, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $2.5M, down 26% year over year. The effective tax rate was 21.8%.
Operating cash flow was $1.5M (down 60% year over year), 59% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $579K of share-based compensation. Working capital and other items used $2.7M. Capital expenditures of $55K left free cash flow of $1.4M.
Questions
What was MainStreet Bancshares' revenue in the first quarter 2025?
MainStreet Bancshares (MNSB) reported revenue of $33.9M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -6% from the quarter before.
Was MainStreet Bancshares profitable in the first quarter 2025?
Operating profit was $3.1M (9.2% of revenue) and net earnings $2.5M.