MBCN (MBCN)
Middlefield Banc Corp.
NASDAQ:MBCNFinancial Services · Banks - Regional
Mkt Cap-
Float7.44M
O/S-
Inst Own-
Div Yield1.25%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$112.31M
Net Income$19.42M
Total Assets$1.9B
Free Cash Flow$0
Debt & Equity
Debt 45%
Equity 55%
Total Debt$186.45M
Total Equity$229.64M
Shares Outstanding
Short Interest
Split History5 splits
- 2:1Forward splitNov 12, 20191 share → 2
- 1.1:1Forward splitNov 28, 20071 share → 1.1
- 1.1:1Forward splitNov 29, 20061 share → 1.1
- 1.1:1Forward splitNov 29, 20051 share → 1.1
- 1.1:1Forward splitNov 29, 20041 share → 1.1
Balance Sheet Details
Assets$1.9B
Liabilities$1.67B
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$22.21M
Goodwill$36.36M
Intangible Assets$4.61M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Revenue | $112.31M | $108.47M | $96.99M | $61.65M | $59.58M | $58.63M | $59.37M | $54.09M | $48.85M | $33.95M | $32.64M | $31.07M | $30.91M | $31.7M | $31.77M | $31.72M | $28.72M | $28.26M | $27.5M | $11.05M | $9.08M | $7.72M | $7.47M | $7.59M | $8.11M | $7.17M |
| YoY Growth | 3.5% | 11.8% | 57.3% | 3.5% | 1.6% | -1.2% | 9.8% | 10.7% | 43.9% | 4.0% | 5.0% | 0.5% | -2.5% | -0.2% | 0.2% | 10.4% | 1.6% | 2.8% | 148.8% | 21.8% | 17.5% | 3.4% | -1.6% | -6.4% | 13.2% | - |
| Cost of Revenue | $38.35M | $42.59M | $28.1M | $4.73M | $4.89M | $19.09M | $14.03M | $10.75M | $7.69M | $4.76M | $4.13M | $4.44M | $5.45M | $8.62M | $11.74M | $14.53M | $14.36M | $14.67M | $13.96M | $8.63M | $6.96M | $5.94M | $6.04M | $6.45M | $6.92M | $6.18M |
| Gross Profit | $73.96M | $65.89M | $68.89M | $56.92M | $54.69M | $39.54M | $45.34M | $43.34M | $41.16M | $29.19M | $28.5M | $26.64M | $25.47M | $23.08M | $20.03M | $17.19M | $14.36M | $13.6M | $13.54M | $2.43M | $2.12M | $1.78M | $1.43M | $1.14M | $1.19M | $983K |
| Gross Margin | 65.8% | 60.7% | 71.0% | 92.3% | 91.8% | 67.4% | 76.4% | 80.1% | 84.3% | 86.0% | 87.3% | 85.7% | 82.4% | 72.8% | 63.1% | 54.2% | 50.0% | 48.1% | 49.2% | 22.0% | 23.4% | 23.0% | 19.1% | 15.1% | 14.7% | 13.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $31.78M | $27.28M | $26.85M | $18.91M | $18.53M | $19.61M | $19.95M | $19.03M | $16.9M | $12.76M | $12.02M | $11.45M | $10.13M | $9.2M | $9.65M | $8.32M | $7.56M | $5.71M | $5.68M | $3.68M | $3.57M | $3.44M | $3.09M | $2.52M | $2.32M | $2.24M |
| Other | $18.69M | $20.26M | $21.29M | $19.12M | $13.46M | $10.18M | $10.08M | $9.72M | $10.58M | $8.12M | $8.06M | $6.02M | $6.33M | $5.95M | $5.66M | $6.44M | $5.09M | $4.88M | $3.69M | -$6.6M | -$6.57M | -$6.27M | -$5.59M | -$4.99M | -$4.36M | -$4.42M |
| Total Operating Expenses | $50.48M | $47.54M | $48.14M | $38.03M | $31.99M | $29.79M | $30.03M | $28.74M | $27.48M | $20.87M | $20.08M | $17.46M | $16.46M | $15.14M | $15.31M | $14.76M | $12.65M | $10.6M | $9.37M | -$2.93M | -$3M | -$2.82M | -$2.5M | -$2.47M | -$2.05M | -$2.18M |
| Operating Income (EBIT) | $23.48M | $18.34M | $20.75M | $18.89M | $22.7M | $9.75M | $15.3M | $14.59M | $13.68M | $8.32M | $8.43M | $9.17M | $9.01M | $7.94M | $4.73M | $2.43M | $1.71M | $3M | $4.17M | $5.36M | $5.12M | $4.6M | $3.93M | $3.61M | $3.24M | $3.16M |
| Operating Margin | 20.9% | 16.9% | 21.4% | 30.6% | 38.1% | 16.6% | 25.8% | 27.0% | 28.0% | 24.5% | 25.8% | 29.5% | 29.1% | 25.1% | 14.9% | 7.7% | 5.9% | 10.6% | 15.2% | 48.5% | 56.4% | 59.6% | 52.6% | 47.5% | 40.0% | 44.1% |
| Interest Expense | $38.85M | $40.58M | $25.1M | $4.73M | $4.2M | $9.25M | $13.14M | $9.91M | $6.65M | $4.19M | $3.82M | $4.07M | $5.25M | $6.45M | $8.65M | $10.95M | $11.78M | $14.06M | $13.53M | $8.57M | $6.65M | $5.77M | $5.72M | $6.15M | $6.75M | $5.91M |
| Interest Income | $107.34M | $100.51M | $89.83M | $54.72M | $52.23M | $52.52M | $54.33M | $50.13M | $43.75M | $29.89M | $28.5M | $27.79M | $28.1M | $28.65M | $29.63M | $28.99M | $25.98M | $25.92M | $24.87M | $19.49M | $17.38M | $15.73M | $14.65M | $14.12M | $13.71M | $12.77M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $23.48M | $18.34M | $20.75M | $18.89M | $22.7M | $9.75M | $15.3M | $14.59M | $13.68M | $8.32M | $8.43M | $9.17M | $9.01M | $7.94M | $4.73M | $2.43M | $1.71M | $3M | $4.17M | $5.36M | $5.12M | $4.6M | $3.93M | $3.61M | $3.24M | $3.16M |
| Income Tax Expense | $4.06M | $2.83M | $3.39M | $3.22M | $4.07M | $1.4M | $2.59M | $2.16M | $4.22M | $1.91M | $1.56M | $1.99M | $1.98M | $1.66M | $596K | -$88K | -$73K | $387K | $796K | $1.47M | $1.42M | $1.33M | $1.13M | $1.11M | $971K | $923K |
| Net Income | $19.42M | $15.52M | $17.37M | $15.67M | $18.63M | $8.35M | $12.71M | $12.43M | $9.46M | $6.42M | $6.87M | $7.18M | $7.03M | $6.28M | $4.13M | $2.52M | $1.78M | $2.61M | $3.38M | $3.88M | $3.7M | $3.27M | $2.8M | $2.5M | $2.27M | $2.24M |
| Net Income Margin | 17.3% | 14.3% | 17.9% | 25.4% | 31.3% | 14.2% | 21.4% | 23.0% | 19.4% | 18.9% | 21.0% | 23.1% | 22.7% | 19.8% | 13.0% | 7.9% | 6.2% | 9.3% | 12.3% | 35.1% | 40.8% | 42.4% | 37.5% | 32.9% | 28.0% | 31.2% |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | 2.40 | 1.93 | 2.14 | 2.60 | 3.01 | 1.31 | 1.96 | 1.92 | 1.56 | 1.52 | 1.71 | 1.76 | 1.75 | 1.65 | 1.23 | 0.80 | 0.57 | 0.86 | 1.09 | 1.31 | 1.25 | 1.09 | 1.04 | 0.98 | 0.89 | 0.92 |
| Diluted EPS | 2.39 | 1.92 | 2.14 | 2.59 | 3.00 | 1.31 | 1.95 | 1.92 | 1.55 | 1.52 | 1.70 | 1.75 | 1.74 | 1.64 | 1.23 | 0.80 | 0.57 | 0.85 | 1.07 | 1.29 | 1.23 | 1.08 | 1.04 | 0.98 | 0.88 | 0.92 |
| Weighted Average OS | 8.08M | 8.07M | 8.10M | 6.03M | 6.19M | 6.39M | 6.47M | 6.46M | 6.06M | 4.22M | 4.03M | 4.08M | 4.03M | 3.82M | 3.37M | 3.15M | 3.09M | 3.07M | 3.11M | 2.98M | 2.96M | 2.99M | 2.69M | 2.55M | 2.55M | 2.44M |
| EBITDA | $23.48M | $19.5M | $21.8M | $19.04M | $24.8M | $11.78M | $17.32M | $16.5M | $15.76M | $9.39M | $9.44M | $10.22M | $9.9M | $8.87M | $5.46M | $3.17M | $2.39M | $3.65M | $4.77M | $5.93M | $5.56M | $5.01M | $4.31M | $3.96M | $3.54M | $3.51M |
| EBITDA Margin | 20.9% | 18.0% | 22.5% | 30.9% | 41.6% | 20.1% | 29.2% | 30.5% | 32.3% | 27.6% | 28.9% | 32.9% | 32.0% | 28.0% | 17.2% | 10.0% | 8.3% | 12.9% | 17.3% | 53.7% | 61.3% | 64.8% | 57.7% | 52.2% | 43.7% | 49.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $39.82M | $46.04M | $56.4M | $51.4M | $97.17M | $92.87M | $35.11M | $107.93M | $39.89M | $31.39M | $22.42M | $20.85M | $20.93M | $33.57M | $15.73M | $10.47M | $13.03M | $9.91M | $9.18M | $13.64M | $5.82M | $5.93M | $10.31M | $4.82M | $13.03M | $4.84M |
| Short-Term Investments | $7.68M | $165.8M | $170.78M | $164.97M | $170.2M | $114.36M | $105.73M | $98.32M | $95.28M | $114.38M | $146.52M | $154.33M | $157.14M | $194.47M | $193.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $47.51M | $211.84M | $227.18M | $216.37M | $267.37M | $207.23M | $140.85M | $206.25M | $135.17M | $145.77M | $168.94M | $175.18M | $178.07M | $228.04M | $209.71M | $10.47M | $13.03M | $9.91M | $9.18M | $13.64M | $5.82M | $5.93M | $10.31M | $4.82M | $13.03M | $4.84M |
| Accounts Receivable | $0 | $0 | $7.09M | $5.9M | $4.13M | $5.21M | $3.47M | $3.63M | $3.29M | $2.43M | $2.39M | $2.1M | $2.13M | $7.86M | $9.81M | $12.8M | $11.47M | $7.65M | $5.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.79M | -$5.86M | -$3.63M | -$5.09M | -$7.47M | -$9.58M | -$195K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $47.51M | $211.84M | $234.26M | $222.28M | $271.5M | $212.44M | $144.32M | $209.89M | $138.46M | $148.2M | $171.33M | $177.28M | $180.2M | $235.9M | $219.51M | $23.27M | $24.5M | $17.56M | $14.96M | $13.64M | $5.82M | $5.93M | $10.31M | $4.82M | $13.03M | $4.84M |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $22.21M | $20.57M | $21.34M | $22.68M | $18.14M | $19.07M | $18.78M | $13M | $11.85M | $11.2M | $9.77M | $9.98M | $9.83M | $8.67M | $8.26M | $8.18M | $8.39M | $8.45M | $7.04M | $6.74M | $6.62M | $6.62M | $6.81M | $6.48M | $6.24M | $5.43M |
| Goodwill | $36.36M | $36.36M | $36.36M | $31.73M | $15.07M | $15.07M | $15.07M | $15.07M | $15.07M | $4.56M | $4.56M | $4.56M | $4.56M | $4.56M | $4.56M | $4.56M | $4.56M | $4.56M | $4.37M | $123K | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.61M | $5.61M | $6.64M | $7.7M | $1.4M | $1.72M | $2.06M | $2.4M | $2.75M | $36K | $76K | $116K | $156K | $195K | $235K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.72B | $1.5B | $1.46B | $1.34B | $969.22M | $1.09B | $979.42M | $985.89M | $916.49M | $603.18M | $528.43M | $464.18M | $428.68M | $400.65M | $395.06M | $568.05M | $485.37M | $422.29M | $392.11M | $309.52M | $289.32M | $270.49M | $242.18M | $214.8M | $182.17M | $163.08M |
| Deferred Tax Assets | $0 | $0 | $9.24M | $9.45M | $1.69M | $1.07M | $374K | $1.23M | $647K | $1.61M | $959K | $1.48M | $3.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $72.46M | $80.97M | $57.65M | $54.49M | $53.97M | $50.48M | $22.46M | $20.91M | $21.07M | $19.04M | $20.01M | $19.94M | $19.98M | $20.31M | $26.92M | $28.14M | $35.83M | $14.99M | $15.79M | $10.83M | $9.45M | $8.18M | $3.06M | $140K | -$3.59M | $3.14M |
| Total Long-Term Assets | $1.86B | $1.64B | $1.59B | $1.47B | $1.06B | $1.18B | $1.04B | $1.04B | $967.88M | $639.62M | $563.81M | $500.26M | $466.89M | $434.39M | $435.04M | $608.93M | $534.15M | $450.29M | $419.32M | $327.21M | $305.39M | $285.29M | $252.06M | $221.42M | $184.83M | $171.65M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.9B | $1.85B | $1.82B | $1.69B | $1.33B | $1.39B | $1.18B | $1.25B | $1.11B | $786.46M | $735.14M | $677.53M | $647.09M | $670.29M | $654.55M | $632.2M | $558.66M | $467.85M | $434.27M | $340.85M | $311.21M | $291.21M | $262.37M | $226.25M | $197.86M | $176.49M |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $2.48M | $693K | $237K | $580K | $917K | $744K | $578K | $395K | $395K | $315K | $364K | $492K | $645K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $175M | $172.4M | $163M | $65M | $0 | $0 | $5.08M | $90.4M | $74.71M | $68.36M | $35.83M | $14.81M | $10.81M | $6.54M | $7.39M | $7.63M | $6.8M | $1.89M | $1.51M | $1.61M | $6.71M | $1.87M | $445K | $786K | $661K | $543K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $160.51M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$71.4M | $1.45B | $1.26B | $1.4B | $1.17B | $1.23B | $1.02B | $1.02B | $878.19M | $629.93M | $624.45M | $586.11M | $568.84M | $593.34M | $580.96M | $565.25M | $487.11M | $394.82M | $362.92M | $271.05M | $249.45M | $239.89M | $219.84M | $187.38M | $167.38M | $147.17M |
| Total Current Liabilities | $117.9M | $1.62B | $1.6B | $1.47B | $1.17B | $1.23B | $1.03B | $1.11B | $955.86M | $699.46M | $661.36M | $601.84M | $580.59M | $600.37M | $591.11M | $574.85M | $496.09M | $398.88M | $366.92M | $274.27M | $257.35M | $242.71M | $221.2M | $188.81M | $168.77M | $148.38M |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $11.45M | $8.25M | $8.25M | $8.25M | $8.25M | $8.25M | $8.65M | $8.8M | $29.07M | $9.44M | $9.94M | $10.62M | $11.61M | $12.97M | $16.83M | $19.32M | $25.86M | $33.9M | $32.4M | $36.11M | $26.58M | $23.68M | $17.67M | $15.69M | $9.3M | $9.86M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.18M | $1.77M | $1.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.54B | $13.04M | $5.17M | $2.93M | $1.17M | $5.56M | $1.29M | $1.69M | $1.55M | $1.97M | $1.54M | $1.2M | $1.42M | $1.52M | -$645K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.55B | $24.7M | $17.04M | $15.71M | $14.95M | $19.39M | $14.94M | $10.49M | $30.61M | $11.4M | $11.48M | $11.82M | $13.03M | $14.49M | $16.19M | $19.32M | $25.86M | $33.9M | $32.4M | $36.11M | $26.58M | $23.68M | $17.67M | $15.69M | $9.3M | $9.86M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.67B | $1.64B | $1.62B | $1.49B | $1.19B | $1.25B | $1.04B | $1.12B | $986.47M | $709.5M | $672.84M | $613.66M | $593.62M | $614.85M | $607.3M | $594.17M | $521.95M | $432.79M | $399.31M | $310.39M | $283.92M | $266.39M | $238.87M | $204.5M | $178.07M | $158.25M |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $163.81M | $162M | $161.39M | $161.03M | $87.13M | $86.89M | $86.62M | $85.92M | $84.86M | $47.94M | $36.19M | $35.53M | $34.98M | $34.3M | $31.24M | $0 | $0 | $0 | $26.65M | $19.51M | $15.98M | $12.82M | $10.04M | $7.88M | $6.29M | $6.29M |
| Retained Earnings | $121.93M | $109.3M | $100.24M | $94.15M | $83.97M | $69.58M | $65.06M | $56.04M | $47.43M | $41.33M | $37.24M | $32.52M | $27.46M | $22.48M | $18.21M | $15.84M | $14.96M | $14.79M | $13.75M | $14.69M | $14.96M | $15M | $15.09M | $15.05M | $14.84M | $13.34M |
| Comprehensive Income & Other | -$16.24M | -$20.07M | -$16.09M | -$22.14M | $3.46M | $4.28M | $1.84M | -$154K | $1.09M | $1.2M | $2.4M | $2.55M | -$2.24M | $5.39M | -$26.7M | $487K | $562K | -$295K | -$26.7M | -$521K | -$677K | -$29K | $125K | $475K | $134K | $89K |
| Other Stockholders' Equity | -$56.1M | -$60.74M | -$55.94M | -$57.49M | -$25.77M | -$12.65M | -$13.9M | -$13.67M | -$12.43M | -$12.32M | -$11.12M | -$4.19M | -$8.97M | -$1.34M | -$2.19M | $22.18M | $21.75M | $20.27M | -$5.44M | -$3.73M | -$3.65M | -$3M | -$1.62M | -$1.19M | -$1.34M | -$1.39M |
| Total Equity | $229.64M | $210.56M | $205.68M | $197.69M | $145.34M | $143.81M | $137.78M | $128.29M | $119.86M | $76.96M | $62.3M | $63.87M | $53.47M | $55.44M | $47.25M | $38.02M | $36.71M | $35.06M | $34.96M | $30.46M | $27.29M | $24.82M | $23.5M | $21.75M | $19.79M | $18.24M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.9B | $1.85B | $1.82B | $1.69B | $1.33B | $1.39B | $1.18B | $1.25B | $1.11B | $786.46M | $735.14M | $677.53M | $647.09M | $670.29M | $654.55M | $632.2M | $558.66M | $467.85M | $434.27M | $340.85M | $311.21M | $291.21M | $262.37M | $226.25M | $197.86M | $176.49M |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $186.45M | $184.06M | $174.86M | $77.78M | $13.78M | $13.83M | $18.73M | $99.2M | $103.77M | $77.8M | $45.76M | $25.43M | $22.42M | $19.51M | $24.22M | $26.95M | $32.66M | $35.79M | $33.91M | $37.72M | $33.29M | $25.56M | $18.11M | $16.48M | $9.96M | $10.4M |
| Net Debt | $146.62M | $138.02M | $118.47M | $26.38M | -$83.39M | -$79.04M | -$16.38M | -$8.73M | $63.89M | $46.4M | $23.34M | $4.59M | $1.49M | -$14.06M | $8.49M | $16.48M | $19.63M | $25.88M | $24.72M | $24.08M | $27.47M | $19.63M | $7.8M | $11.65M | -$3.07M | $5.56M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | $19.42M | $15.52M | $17.37M | $15.67M | $18.63M | $8.35M | $12.71M | $12.43M | $9.46M | $6.42M | $6.87M | $7.18M | $7.03M | $6.28M | $4.13M | $2.52M | $1.78M | $2.61M | $3.38M | $3.88M | $3.7M | $3.27M | $2.8M | $2.5M | $2.27M | $2.24M |
| Depreciation & Amortization | $0 | $1.15M | $1.05M | $142K | $2.1M | $2.02M | $2.02M | $1.91M | $2.08M | $1.07M | $1.01M | $1.05M | $891K | $929K | $731K | $740K | $680K | $645K | $598K | $579K | $448K | $404K | $378K | $355K | $301K | $353K |
| Deferred Income Tax | $0 | $198K | -$705K | -$324K | -$401K | -$1.35M | $327K | -$241K | $293K | -$93K | $558K | -$154K | $423K | $2K | -$97K | -$777K | -$469K | -$270K | $97K | -$58K | -$85K | -$34K | -$70K | -$72K | $54K | -$88K |
| Stock-Based Compensation | $0 | $374K | $260K | $307K | $478K | $144K | $644K | $467K | $33K | $29K | $18K | $10K | $0 | $32K | $59K | $0 | $61K | $15K | $26K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||
| Accounts Receivable | $0 | $75K | -$1.18M | -$209K | $1.08M | -$1.74M | $162K | -$345K | -$422K | -$39K | -$292K | $40K | $28K | $71K | $25K | -$847K | $35K | $94K | -$292K | -$88K | -$217K | -$75K | -$12K | $34K | $140K | -$60K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | -$1.06M | $2.35M | $395K | -$343K | $0 | $173K | $166K | $136K | $0 | $80K | -$49K | -$128K | -$153K | -$145K | -$115K | -$394K | -$210K | $540K | $351K | $155K | -$26K | -$78K | -$121K | $39K | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | -$337K | $0 | $0 | $0 | $0 | $0 | $0 | $513K | $486K | $707K | $189K | -$2.52M | -$396K | -$353K | $0 | $0 | $0 | $0 | $0 | $0 | $84K |
| Total Working Capital Change | $0 | -$985K | $1.17M | $186K | $735K | -$2.08M | $335K | -$179K | -$286K | -$39K | -$212K | -$9K | $413K | $404K | $587K | -$773K | -$2.88M | -$512K | -$105K | $263K | -$62K | -$101K | -$90K | -$87K | $179K | $25K |
| Other Non-Cash Items | -$19.42M | $1.21M | $3.22M | $2.38M | -$6.13M | $7.99M | -$2.58M | -$105K | $2.35M | $422K | -$1.06M | -$617K | $1.14M | $2.63M | $3.74M | $4.03M | $1.96M | $704K | $302K | -$161K | -$38K | $475K | $439K | $506K | -$102K | $426K |
| Net Cash from Operating | $0 | $17.47M | $22.36M | $18.36M | $15.42M | $15.08M | $13.46M | $14.28M | $13.92M | $7.8M | $7.18M | $7.46M | $9.9M | $10.28M | $9.15M | $5.73M | $1.13M | $3.2M | $4.29M | $4.51M | $3.96M | $4.02M | $3.46M | $3.2M | $2.7M | $2.95M |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | $0 | -$776K | -$1.1M | -$884K | -$605K | -$1.08M | -$1.9M | -$2.1M | -$1.2M | -$2.17M | -$507K | -$902K | -$1.83M | -$997K | -$583K | -$327K | -$467K | -$1.41M | -$570K | -$586K | -$456K | -$214K | -$705K | -$590K | -$1.11M | -$150K |
| Acquisitions | $0 | $0 | $0 | $18.41M | $0 | $0 | $0 | $0 | $5.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$2.94M | -$2.2M | -$32.29M | -$68.91M | -$24.07M | -$34.96M | -$13M | -$3.08M | -$1.74M | -$21.95M | -$12.29M | -$25.82M | -$83.43M | -$80.08M | -$113.86M | -$52.18M | -$39.2M | -$33.08M | -$33.14M | -$31.69M | -$50.4M | -$18.13M | -$9.34M | -$7.69M | -$14.24M |
| Sales of Investments | $0 | $2.22M | $3.26M | $62.12M | $11.52M | $18.17M | $30.01M | $7.28M | $21.37M | $32.26M | $29.18M | $21.86M | $50.5M | $83.9M | $93.39M | $48.69M | $21.49M | $19.87M | $10.69M | $11.86M | $32.3M | $50.33M | $22.53M | $13.97M | $15.09M | $16.6M |
| Other Investing Activities | $0 | -$41.79M | -$126.5M | -$55.96M | $128.88M | -$128.35M | $7.12M | -$68.72M | -$117.77M | -$74.33M | -$66.17M | -$35.39M | -$28.95M | -$7.48M | -$32.09M | -$22.06M | -$34.39M | -$13.39M | -$23.02M | $643 | -$20.33M | -$28.99M | -$37.79M | -$36.64M | -$26.94M | -$12.04M |
| Net Cash from Investing | $0 | -$43.29M | -$126.54M | -$8.61M | $70.89M | -$135.32M | $276K | -$76.54M | -$95.25M | -$45.98M | -$59.45M | -$26.72M | -$6.1M | -$8.01M | -$19.36M | -$87.56M | -$65.55M | -$34.13M | -$47.82M | -$21.86M | -$20.17M | -$29.28M | -$34.09M | -$32.6M | -$20.65M | -$9.83M |
| Financing Activities | ||||||||||||||||||||||||||
| Debt Repaid | - | $202K | $197K | $231K | $4.2M | -$3.28M | $426K | $20.26M | -$19.63M | $502K | $685K | $985K | $1.36M | $3.86M | $2.49M | $6.54M | $8.04M | -$1.51M | $6.97M | -$21.6M | -$12.46M | -$26.06M | -$34.43M | -$26.39M | -$19.66M | -$12.33M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.16M | $11.21M | $0 | $0 | $74K | $2.33M | $2.21M | $0 | $0 | $0 | $221K | $368K | $357K | $291K | $190K | $42K | $0 | $44K |
| Common Stock Repurchases | $0 | -$1.05M | -$4.51M | -$6.12M | -$12.29M | -$1.19M | -$2.23M | $0 | $0 | $0 | -$6.78M | $0 | $0 | $0 | $0 | $0 | $0 | -$1.35M | -$2.17M | -$239K | $0 | -$1.22M | -$82K | -$204K | $0 | -$1.31M |
| Dividends Paid | $0 | -$6.46M | -$6.86M | -$5.49M | -$4.24M | -$3.83M | -$3.69M | -$3.78M | -$3.36M | -$2.32M | -$2.15M | -$2.12M | -$2.1M | -$2M | -$1.76M | -$1.64M | -$1.61M | -$1.58M | -$1.47M | -$1.32M | -$1.19M | -$1.08M | -$967K | -$863K | -$772K | -$595K |
| Other Financing Activities | $0 | $19.09M | $24.78M | -$128.52M | -$58.5M | $204.37M | $5.11M | $138.66M | $50.94M | $6M | $38.98M | $17.82M | -$23.84M | $13.07M | $16.25M | $78.66M | $92.84M | $31.62M | $58.19M | $9.85M | $246K | $215K | $167K | $142K | $0 | $0 |
| Net Cash from Financing | $0 | $20.78M | $111.21M | -$75.36M | -$79.23M | $197.55M | -$86.56M | $130.31M | $88.72M | $46.92M | $50.37M | $18.71M | -$22.95M | $8.68M | $13.97M | $71.31M | $88.11M | $30.58M | $47.7M | $25.17M | $16.72M | $25.69M | $33.4M | $25.63M | $19M | $8.5M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$55.79M | -$5.04M | $7.03M | -$65.69M | $7.08M | $77.3M | -$72.82M | $68.05M | $7.39M | $8.74M | -$1.89M | -$554K | -$19.15M | $10.96M | $3.75M | -$10.52M | $23.7M | -$360K | $4.18M | $7.82M | $509K | $425K | $2.76M | -$3.77M | $1.05M | $1.63M |
| Supplementary Data | ||||||||||||||||||||||||||
| Operating Cash Flow | $0 | $17.47M | $22.36M | $18.36M | $15.42M | $15.08M | $13.46M | $14.28M | $13.92M | $7.8M | $7.18M | $7.46M | $9.9M | $10.28M | $9.15M | $5.73M | $1.13M | $3.2M | $4.29M | $4.51M | $3.96M | $4.02M | $3.46M | $3.2M | $2.7M | $2.95M |
| Capital Expenditure | $0 | -$776K | -$1.1M | -$884K | -$605K | -$1.08M | -$1.9M | -$2.1M | -$1.2M | -$2.17M | -$507K | -$902K | -$1.83M | -$997K | -$583K | -$327K | -$467K | -$1.41M | -$570K | -$586K | -$456K | -$214K | -$705K | -$590K | -$1.11M | -$150K |
| Free Cash Flow | $0 | $16.69M | $21.26M | $17.48M | $14.82M | $14.01M | $11.56M | $12.18M | $12.72M | $5.63M | $6.67M | $6.56M | $8.06M | $9.29M | $8.56M | $5.41M | $667K | $1.79M | $3.72M | $3.92M | $3.5M | $3.8M | $2.75M | $2.61M | $1.59M | $2.8M |
| Cash at Beginning | $55.79M | $60.84M | $53.81M | $119.49M | $112.42M | $35.11M | $107.93M | $39.89M | $32.49M | $23.75M | $25.64M | $26.19M | $45.35M | $34.39M | $30.64M | $41.15M | $17.46M | $17.82M | $13.64M | $5.82M | $5.31M | $4.89M | $2.13M | $5.89M | $4.84M | $3.21M |
| Cash at End | $0 | $55.79M | $60.84M | $53.81M | $119.49M | $112.42M | $35.11M | $107.93M | $39.89M | $32.49M | $23.75M | $25.64M | $26.19M | $45.35M | $34.39M | $30.64M | $41.15M | $17.46M | $17.82M | $13.64M | $5.82M | $5.31M | $4.89M | $2.13M | $5.89M | $4.84M |