Here are the 10-Q quarterly reports from Marblegate Cap Corp WTS (MGTEW) 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-Q covers the quarterly report filed between annual reports, so if you follow MGTEW 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 MGTEW filings page.
Marblegate Capital Corporation, a NYC taxi medallion–focused lender and fleet operator, reported for the quarter and six months ended June 30, 2026. Total assets were $704.9 million, including $259.9 million of loans held for investment at fair value and $376.1 million of taxi medallion intangibles. Cash and restricted cash declined to $8.6 million from $25.8 million at year-end.
For Q2 2026, revenue was $16.7 million versus $17.8 million a year earlier, with fleet revenue lower but interest and other revenue higher. Operating expenses rose to $21.0 million, leading to a loss from operations of $4.3 million. Net loss attributable to common stockholders was $4.3 million, or $(0.06) per share, a much smaller loss than the prior-year period driven then by a large tax expense. For the first half of 2026, revenue was $30.8 million, up from $22.3 million, while net loss attributable to common stockholders narrowed to $5.4 million from $51.7 million.
The loan book remains heavily exposed to NYC medallions and the MRP+ program, with non‑accrual loans at fair value of $82.8 million. Long-term borrowings totaled $49.6 million, including a $35.0 million revolving credit facility secured by MRP+ loans and a vehicle term loan. Operating cash flow for the first half of 2026 was a use of $12.0 million, and investing activities were also a net cash outflow as the company expanded its rental vehicle fleet.
Marblegate Capital Corporation reported a net loss attributable to common stockholders of $1,160 thousand for the three months ended March 31, 2026, or $0.02 per share, improving from a $3,686 thousand loss a year earlier.
Total revenue rose to $14,122 thousand, driven by fleet revenue of $8,729 thousand, interest income of $3,594 thousand, and other revenue of $1,799 thousand. At March 31, 2026, total assets were $706,466 thousand, including loans held for investment at fair value of $279,752 thousand and taxi medallion intangibles of $358,867 thousand. Long-term borrowings consisted of a $15,946 thousand term loan and $25,000 thousand under a revolving credit facility.