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Mount Logan Cap Inc Financials

MLCIL
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Mount Logan Cap Inc (MLCIL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MLCIL FY2025

Asset-heavy economics dominate here: a thin equity cushion supports a balance sheet far larger than the revenue base.

Between FY2024 and FY2025, net loss widened from -$10.4M to -$60.8M even as operating cash burn improved from -$37.8M to -$22.2M; paired with $50.9M of investing inflow, that suggests reported earnings were shaped more by non-cash or asset-level events than by an equally sharp deterioration in day-to-day cash operations.

The balance sheet carries most of the story: FY2025 assets were about $1.6B against only $53.6M of revenue, so the business is being judged more by how assets are financed and remeasured than by classic sales-margin scaling. That also helps explain why ROA sat at -3.8%; modest revenue changes do not move returns much when the asset base is this large.

Leverage looks milder if you only read funded debt: long-term debt was $76.3M, but total liabilities were $1.5B, meaning non-debt obligations dominate the capital structure. With equity only $91M, the shareholder buffer is thin relative to the asset base.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 22 / 100
Financial Profile 22/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Mount Logan Cap Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth
46

Mount Logan Cap Inc's revenue grew 7.6% year-over-year to $53.6M, a solid pace of expansion. This earns a growth score of 46/100.

Leverage
85

Mount Logan Cap Inc carries a low D/E ratio of 0.84, meaning only $0.84 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.

Returns
0

Mount Logan Cap Inc generates a -66.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -10.0% the prior year.

Piotroski F-Score Weak
2/9

Mount Logan Cap Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality
0.36x

For every $1 of reported earnings, Mount Logan Cap Inc generates $0.36 in operating cash flow (-$22.2M OCF vs -$60.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$53.6M
YoY+7.6%

Mount Logan Cap Inc generated $53.6M in revenue in fiscal year 2025. This represents an increase of 7.6% from the prior year.

EBITDA
N/A
Net Income
-$60.8M
YoY-485.8%

Mount Logan Cap Inc reported -$60.8M in net income in fiscal year 2025. This represents a decrease of 485.8% from the prior year.

EPS (Diluted)
$-7.08
YoY-316.5%

Mount Logan Cap Inc earned $-7.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 316.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
N/A
Dividends Per Share
$0.06
YoY-75.0%

Mount Logan Cap Inc paid $0.06 per share in dividends in fiscal year 2025. This represents a decrease of 75.0% from the prior year.

Shares Outstanding
13M
YoY+108.5%

Mount Logan Cap Inc had 13M shares outstanding in fiscal year 2025. This represents an increase of 108.5% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
-113.6%
YoY-92.7pp

Mount Logan Cap Inc's net profit margin was -113.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 92.7 percentage points from the prior year.

Return on Equity
-66.9%
YoY-56.9pp

Mount Logan Cap Inc's ROE was -66.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 56.9 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$1.4M

Mount Logan Cap Inc spent $1.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
N/A

MLCIL Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $10.6M N/A $11.4M N/A $15.1M N/A $12.7M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $200K N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A
Interest Expense $2.0M N/A $2.0M N/A $1.9M N/A $1.7M
Income Tax N/A N/A N/A N/A N/A N/A N/A
Net Income -$6.0M N/A -$13.4M N/A -$6.7M N/A -$2.4M
EPS (Diluted) $-0.51 N/A $-1.64 N/A $-1.02 N/A $-0.40

MLCIL Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $1.6B-2.6% $1.6B-2.5% $1.6B+1546.0% $99.7M N/A $1.6B N/A
Current Assets N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents N/A N/A N/A $0 N/A N/A N/A
Inventory N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A
Goodwill $30.2M0.0% $30.2M N/A N/A N/A $55.7M N/A
Total Liabilities $1.5B-1.2% $1.5B0.0% $1.5B $0 N/A $1.5B N/A
Current Liabilities N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt $92.2M+20.9% $76.3M+3.9% $73.4M N/A N/A N/A N/A
Total Equity $67.4M-25.9% $91.0M-30.7% $131.2M+31.6% $99.7M-3.3% $103.1M-1.0% $104.1M-3.6% $107.9M
Retained Earnings -$127.1M-5.2% -$120.7M-49.8% -$80.6M N/A N/A -$58.3M N/A

MLCIL Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$24.4M-805.1% $3.5M N/A N/A -$7.8M+51.1% -$15.9M N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$37.4M-85.6% -$20.2M N/A N/A $53.2M+1330.8% -$4.3M N/A
Financing Cash Flow -$9.0M-549.6% -$1.4M N/A N/A -$8.8M-199.6% $8.8M N/A
Dividends Paid $336K-12.5% $384K-10.1% $427K N/A $399K+7.0% $373K-0.5% $375K
Share Buybacks $15.4M $0 N/A N/A $0 $0 N/A

MLCIL Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A
Net Margin -56.1% N/A -117.5% N/A -44.5% N/A -19.1%
Return on Equity -8.8% N/A -10.2% N/A -6.5% N/A -2.3%
Return on Assets -0.4% N/A -0.8% N/A N/A N/A N/A
Current Ratio N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 1.37+0.5 0.84+0.3 0.56+0.6 0.00 N/A 14.01 N/A
FCF Margin N/A N/A N/A N/A N/A N/A N/A

Frequently Asked Questions

Mount Logan Cap Inc (MLCIL) reported $53.6M in total revenue for fiscal year 2025. This represents a 7.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Mount Logan Cap Inc (MLCIL) revenue grew by 7.6% year-over-year, from $49.8M to $53.6M in fiscal year 2025.

No, Mount Logan Cap Inc (MLCIL) reported a net income of -$60.8M in fiscal year 2025, with a net profit margin of -113.6%.

Mount Logan Cap Inc (MLCIL) reported diluted earnings per share of $-7.08 for fiscal year 2025. This represents a -316.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Mount Logan Cap Inc (MLCIL) had a net profit margin of -113.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Mount Logan Cap Inc (MLCIL) paid $0.06 per share in dividends during fiscal year 2025.

Mount Logan Cap Inc (MLCIL) has a return on equity of -66.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Mount Logan Cap Inc (MLCIL) generated -$22.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Mount Logan Cap Inc (MLCIL) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Mount Logan Cap Inc (MLCIL) spent $1.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Mount Logan Cap Inc (MLCIL) had 13M shares outstanding as of fiscal year 2025.

Mount Logan Cap Inc (MLCIL) had a debt-to-equity ratio of 0.84 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Mount Logan Cap Inc (MLCIL) had a return on assets of -3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Mount Logan Cap Inc (MLCIL) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Mount Logan Cap Inc (MLCIL) has an earnings quality ratio of 0.36x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Mount Logan Cap Inc (MLCIL) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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