Merchants Bancorp (MBIN) Cost of Revenue (2016 - 2026)

Merchants Bancorp has reported Cost of Revenue for 11 years, with the latest figure at $1.2 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 48.5% year-over-year to $1.2 million; the trailing twelve-month figure through Mar 2026 stood at $4.6 million (up 27.29% YoY), and the FY2025 full-year result was $4.2 million, up 11.68% from the prior year.
• Cost of Revenue for Q1 2026 stood at $1.2 million, up from $1.0 million in the prior quarter.
• The five-year high for Cost of Revenue was $1.3 million in Q3 2025, with the low at $660000.0 in Q4 2023.
• Average Cost of Revenue over 5 years is $1.0 million, with a median of $1.0 million recorded in 2023.
• Year-over-year, Cost of Revenue plunged 52.0% in 2022 and jumped 48.5% in 2026.
• Tracing MBIN's Cost of Revenue over 5 years: stood at $1.1 million in 2022, then sank by 39.0% to $660000.0 in 2023, then grew by 6.67% to $704000.0 in 2024, then soared by 42.61% to $1.0 million in 2025, then advanced by 18.03% to $1.2 million in 2026.
• The last three Cost of Revenue figures came in at $1.2 million (Q1 2026), $1.0 million (Q4 2025), and $1.3 million (Q3 2025), per Business Quant data.

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