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MFIN

Medallion Financial Corp.

MFIN

Medallion Financial Corp. • NASDAQ
$9.94 ▼ -0.30% (-0.03)
Market Cap $231.40 M
52w High $10.98
52w Low $7.71
Dividend Yield 0.48%
P/E 5.81
Volume 13.40K
Outstanding Shares 23.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $79.307M ▼ $16.19M ▼ $11.278M ▲ 14.221% ▲ $0.34 ▼ $21.523M ▼
Q2-2025 $82.003M ▼ $16.897M ▲ $11.069M ▼ 13.498% ▼ $0.49 ▼ $21.585M ▼
Q1-2025 $82.67M ▼ $16.404M ▼ $12.014M ▲ 14.532% ▲ $0.53 ▲ $22.344M ▲
Q4-2024 $83.248M ▲ $19.7M ▲ $10.142M ▲ 12.183% ▲ $0.45 ▲ $20.321M ▲
Q3-2024 $72.552M $14.551M $8.611M 11.869% $0.38 $15.826M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $74.87M ▼ $2.9B ▲ $2.404B ▲ $397.448M ▲
Q2-2025 $213.523M ▲ $2.88B ▲ $2.347B ▼ $389.896M ▲
Q1-2025 $132.85M ▲ $2.848B ▼ $2.399B ▼ $380.224M ▲
Q4-2024 $101.168M ▼ $2.869B ▼ $2.43B ▼ $370.17M ▲
Q3-2024 $123.557M $2.88B $2.449B $362.388M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $7.763M ▼ $66.979M ▲ $-118.855M ▼ $50.86M ▲ $-37.9M ▼ $66.979M ▲
Q2-2025 $13.667M ▲ $-10.723M ▼ $-25.601M ▼ $30.324M ▲ $-6M ▲ $-10.723M ▼
Q1-2025 $13.526M ▲ $36.259M ▲ $-4.695M ▲ $-43.142M ▼ $-11.578M ▲ $36.259M ▲
Q4-2024 $10.142M ▲ $28.365M ▲ $-24.692M ▲ $-22.03M ▼ $-22.355M ▼ $28.365M ▲
Q3-2024 $10.122M $27.248M $-106.569M $109.289M $29.968M $27.248M

Five-Year Company Overview

Income Statement

Income Statement Medallion has moved from a troubled, legacy-focused lender to a consistently profitable consumer finance platform. Revenue has grown steadily over several years, and earnings have been positive since the pandemic period, though profits recently eased a bit after a very strong year. That pattern suggests a healthy core business but some pressure on margins, likely from higher funding costs or more competitive loan pricing. Overall, the income statement now reflects a stable, interest-driven lender with room to grow, but not without normal credit and funding risks that can swing results from year to year.

Balance Sheet

Balance Sheet The balance sheet shows a business that has been gradually scaling up while also building its capital base. Total assets have grown as the lending book has expanded, and equity has been rising, which points to retained profits strengthening the company’s cushion against future losses. Debt levels have increased in line with growth but not in an obviously aggressive way, implying controlled leverage for a finance company. Cash remains a small slice of total assets, which is typical for a bank-like institution that relies more on loans and funding lines than on idle cash. Overall, the balance sheet looks more robust and better diversified than during the taxi medallion era.

Cash Flow

Cash Flow Cash generation from operations has been positive and fairly steady, and free cash flow closely matches operating cash flow because the business is not capital intensive in the traditional sense. This is what you would expect from a lending-focused financial company: cash is mainly deployed into loans rather than physical assets. The stability of operating cash flow suggests the loan portfolio is performing reasonably well and that the company has not needed heavy reinvestment just to stand still. The key cash flow risks are less about equipment spending and more about future credit quality and funding conditions, which can shift quickly in consumer finance.

Competitive Edge

Competitive Edge Medallion now competes as a niche consumer lender with a blend of traditional banking strengths and fintech-style agility. Its bank charter gives it access to relatively stable, lower-cost funding versus many non‑bank lenders, which is a meaningful structural advantage. At the same time, it focuses on specialized markets like recreational vehicles, boats, and home improvement, where long-standing dealer and contractor relationships create barriers to entry and better credit insight. Layered on top of that, its Banking‑as‑a‑Service model and partnerships with fintechs allow it to tap new customer segments without building all the distribution itself. The flip side is exposure to intense competition in consumer lending, sensitivity to the economic cycle, and regulatory scrutiny around bank–fintech partnerships.

Innovation and R&D

Innovation and R&D Innovation is centered on technology, data, and partnerships rather than classic laboratory-style R&D. The company has deliberately shifted from taxi medallions into tech-enabled consumer lending, using data-driven underwriting tools, modern loan servicing platforms, and embedded finance partnerships. Collaborations in areas like solar energy, healthcare payments, and employee financial wellness show a willingness to test new verticals and product types, often at the point of sale. The incoming leadership has signaled even greater emphasis on analytics, automation, and digital scaling. The opportunity is to build a flexible platform that can plug into many different niches; the risk is execution—ensuring new products, partners, and underwriting models are properly controlled as the company grows.

Summary

Medallion Financial has largely reinvented itself: from a narrow, troubled taxi-focused lender into a more diversified, tech-enabled consumer finance company. Financially, it has moved back to consistent profitability with a growing asset base and strengthening equity, supported by solid and stable cash generation. Strategically, its mix of a bank charter, niche market expertise, and fintech partnerships gives it a differentiated position in consumer lending and Banking‑as‑a‑Service. Looking ahead, key things to watch include how well it manages credit risk across new loan categories, how margins hold up in a competitive and rate-sensitive environment, and how effectively the next phase of technology-driven growth is executed under new leadership. The story is now about disciplined expansion and risk management rather than survival, but it remains tied to the ups and downs of the consumer credit cycle and regulatory landscape.

NEWS

November 25, 2025 · 9:00 AM UTC

Medallion Financial Corp. to Participate at Two Upcoming Investor Conferences

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October 29, 2025 · 4:07 PM UTC

Medallion Financial Corp. Reports 2025 Third Quarter Results

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October 29, 2025 · 4:05 PM UTC

Medallion Bank Reports 2025 Third Quarter Results and Declares Series G Preferred Stock Dividend

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October 28, 2025 · 4:05 PM UTC

Medallion Financial Corp. Announces Leadership Transition: Andrew Murstein Appointed Chief Executive Officer as of January 31, 2026

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October 20, 2025 · 4:05 PM UTC

Medallion Financial Corp. to Report 2025 Third Quarter Results on Wednesday, October 29, 2025

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