Merchants Bancorp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Net income | $0.2 | $0.3 | $0.3 | $0.2 | $0.2 |
| Balance Sheet | |||||
| Total debt | $3.8 | $4.4 | $1.0 | $0.9 | $1.0 |
| Cash Flow Statement | |||||
| Free cash flow | -$0.4 | -$0.9 | -$0.4 | $1.0 | -$0.1 |
| Dividends | $0.1 | $0.1 | $<0.1 | $<0.1 | $<0.1 |
| Share repurchases | — | — | — | $<0.1 | — |
Shares outstanding 45.9M · Free float 27.7%
Annual filing data through FY ended December 31, 2025; float as of September 11, 2026.