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.

• On a quarterly basis, Research & Development rose 12.85% year-over-year to $2.7 million in Q1 2026; TTM through Mar 2026 was $10.3 million, a 24.04% increase from a year earlier, with the FY2025 full-year figure at $10.0 million, up 28.39% from the prior year.
• Research & Development improved to $2.7 million in Q1 2026 per MBIN's latest filing, from $2.6 million in the prior quarter.
• Across five years, Research & Development topped out at $2.7 million in Q1 2026 and bottomed at $1.2 million in Q1 2022.
• The 5-year median for Research & Development is $1.9 million (2024), against an average of $1.9 million.
• Across the five-year window, Research & Development jumped 34.29% in 2022 and rose 12.85% in 2026, its largest moves.
• Year by year, Research & Development 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.
• Per Business Quant, the three latest MBIN Research & Development figures stand at $2.7 million (Q1 2026), $2.6 million (Q4 2025), and $2.6 million (Q3 2025).