Merchants Bancorp (MBIN) Change in Inventory (2016 - 2026)

Merchants Bancorp's (MBIN) quarterly Change in Inventory came in at -$183.1 million in Q1 2026, down 376.69% year-on-year from $66.2 million in Q1 2025, and down 189.18% quarter-over-quarter from $205.3 million in Q4 2025.

Merchants Bancorp (MBIN) Change in Inventory (2016 - 2026) Analysis & Trends

Merchants Bancorp's Change in Inventory history runs 11 years deep, the most recent figure standing at -$183.1 million for Q1 2026.

  • On a quarterly basis, Change in Inventory fell 376.69% year-over-year to -$183.1 million in Q1 2026; TTM through Mar 2026 was $47.2 million, a 80.9% decrease from a year earlier, with the FY2025 full-year figure at $191.9 million, down 39.58% from the prior year.
  • Change in Inventory retreated to -$183.1 million in Q1 2026 per MBIN's latest filing, from $205.3 million in the prior quarter.
  • Across five years, Change in Inventory topped out at $221.7 million in Q3 2024 and bottomed at -$365.4 million in Q4 2023.
  • The 5-year median for Change in Inventory is $12.6 million (2025), against an average of -$7.8 million.
  • Biggest YoY gain for Change in Inventory was 8352.27% in 2023; the steepest drop was 2282.3% in 2023.
  • Year by year, Change in Inventory stood at $16.7 million in 2022, then tumbled by 2282.3% to -$365.4 million in 2023, then soared by 99.24% to -$2.8 million in 2024, then jumped by 7538.7% to $205.3 million in 2025, then slumped by 189.18% to -$183.1 million in 2026.
  • Per Business Quant, the three latest MBIN Change in Inventory figures stand at -$183.1 million (Q1 2026), $205.3 million (Q4 2025), and $12.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 KB Financial 43,124.21 Bn 43,125.44 Bn -775,612.08 -
2 Shinhan Financial 33,971.34 Bn 33,973.00 Bn - -
3 Bank Of Chile 4,105.33 Bn 4,105.33 Bn 167,623.00 -
4 NatWest 768.74 Bn 572.78 Bn 1.79 Bn -
5 Mizuho Financial 385.64 Bn 389.59 Bn - 122.09 Bn
6 Lloyds Banking 358.14 Bn 358.14 Bn - -
7 First Capital 200.03 Bn 199.69 Bn - -
8 Landmark Bancorp 187.97 Bn 187.94 Bn - -
9 Pnc Financial Services 100.96 Bn 101.01 Bn - -105.00 Mn
10 Merchants Bancorp 2.14 Bn 1.51 Bn - -183.09 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -183.09 Mn
Mar 31, 2026 -183.09 Mn
Dec 31, 2025 205.31 Mn
Dec 31, 2025 205.31 Mn
Sep 30, 2025 12.36 Mn
Sep 30, 2025 12.36 Mn
Jun 30, 2025 12.63 Mn
Jun 30, 2025 12.63 Mn
Mar 31, 2025 -38.41 Mn
Mar 31, 2025 -38.41 Mn
Dec 31, 2024 -2.76 Mn
Dec 31, 2024 -2.76 Mn
Sep 30, 2024 221.72 Mn
Sep 30, 2024 221.72 Mn
Jun 30, 2024 66.62 Mn
Jun 30, 2024 66.62 Mn
Mar 31, 2024 32.03 Mn
Mar 31, 2024 32.03 Mn
Dec 31, 2023 -365.45 Mn
Dec 31, 2023 -365.45 Mn