Here are the 10-K annual reports from Marblegate Capital Corp (MGTE) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MGTE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGTE filings page.
Marblegate Capital Corporation focuses on New York City taxi medallions through lending and fleet operations, giving it exposure to about 3,949 medallions, or roughly 29% of the 13,587 medallions outstanding. The Specialty Finance segment owns a medallion loan portfolio with a fair value of $281.7 million and 2025 revenue of $18.6 million, driven mainly by fixed-rate MRP+ loans at 7.3% over 25 years. Fleet Operations owns about 2,147 medallions and ran a 917-vehicle managed fleet with 822 active drivers, producing $29.7 million of 2025 revenue, including an $8 million one-time item. In December 2025, the company added a $120 million revolving credit facility secured by MRP+ loans and an approximately $17.2 million vehicle term loan, while acquiring TML IV for $15.8 million. A $30.2 million Reserve Fund backs MRP+ loans but is not a City guarantee, and risk factors highlight concentration in the NYC taxi market, elevated Non‑MRP+ delinquencies, leverage, and intense competition from rideshare and other mobility options.