Merchants Bancorp (MBIN) Research & Development (2016 - 2026)

Merchants Bancorp's Research & Development history runs 11 years deep, the most recent figure standing at $2.7 million for Q1 2026.

• In Q1 2026, Research & Development rose 12.85% year-over-year to $2.7 million; the TTM figure through Mar 2026 stood at $10.3 million (up 24.04% YoY), while the FY2025 annual figure was $10.0 million, up 28.39% from the prior year.
• Research & Development was $2.7 million for Q1 2026 at Merchants Bancorp, up from $2.6 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $2.7 million in Q1 2026 to a low of $1.2 million in Q1 2022.
• Historically, Research & Development has averaged $1.9 million across 5 years, with a median of $1.9 million in 2024.
• The sharpest annual moves came in 2022 and 2026: Research & Development surged 34.29% in 2022, then grew 12.85% in 2026.
• A 5-year view of Research & Development shows it stood at $1.4 million in 2022, then increased by 24.06% to $1.8 million in 2023, then grew by 15.93% to $2.0 million in 2024, then climbed by 28.12% to $2.6 million in 2025, then climbed by 2.6% to $2.7 million in 2026.
• The last three Research & Development figures came in at $2.7 million (Q1 2026), $2.6 million (Q4 2025), and $2.6 million (Q3 2025), per Business Quant data.