Filing Flows › MainStreet Bancshares (MNSB) › Q4 2024
MainStreet Bancshares (MNSB) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 14, 2025
MainStreet Bancshares (MNSB) reported revenue of $35.9M for the fourth quarter 2024 (Q4 2024), +99% from a year earlier and +4% from the quarter before. Operating margin was -58.4%, net loss $16.2M (45.0% of revenue).
MainStreet Bancshares, Q4 2024: revenue $35.9M (+99% year over year), operating margin -58.4%, net loss $16.2M, operating cash flow $5.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.9M | +4% | +99% |
| Operating profit | −$21.0M | — | — |
| Net earnings | −$16.2M | — | — |
| Operating cash flow | $5.5M | +22% | +2% |
| Free cash flow | $5.4M | +26% | +2% |
What changed
Revenue was $35.9M in Q4 2024, up 99% year over year and up 4% from the previous quarter.
Gross margin was 46.9%. Operating costs exceeded revenue by $21.0M, an operating margin of -58.4%. The quarter ended with a net loss of $16.2M, after a profit of $265K the previous quarter.
Operating cash flow was $5.5M (up 2% year over year). Non-cash charges added back $1.2M of depreciation and amortization and $756K of share-based compensation. Working capital and other items added $19.7M. Capital expenditures of $39K left free cash flow of $5.4M.
Questions
What was MainStreet Bancshares' revenue in the fourth quarter 2024?
MainStreet Bancshares (MNSB) reported revenue of $35.9M for the fourth quarter 2024 (Q4 2024), +99% from a year earlier and +4% from the quarter before.
Was MainStreet Bancshares profitable in the fourth quarter 2024?
Operating loss was $21.0M (-58.4% of revenue) and net loss $16.2M.