Farmers & Merchants Bancorp financials
$34.71−0.72%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.1M | $48.3M | $49.2M | $48.8M | $47.4M | $45.2M | $45.9M | $45.9M | $44.9M | $42.6M | $42.1M | $40.0M |
| Gross profit | $34.4M | $32.4M | $32.5M | $31.3M | $29.6M | $28.1M | $26.8M | $25.5M | $25.1M | $24.1M | $23.7M | $23.3M |
| Gross margin | 67.2% | 67.2% | 65.9% | 64.0% | 62.5% | 62.2% | 58.5% | 55.7% | 55.9% | 56.5% | 56.4% | 58.3% |
| Operating income | $14.8M | $12.3M | $12.8M | $11.2M | $9.7M | $8.8M | $10.5M | $8.1M | $7.2M | $6.8M | $6.9M | $5.9M |
| Net income | $11.6M | $9.6M | $9.4M | $8.9M | $7.6M | $7.0M | $7.9M | $6.5M | $5.7M | $5.3M | $5.7M | $4.7M |
| Net margin | 22.8% | 19.8% | 19.1% | 18.1% | 16.1% | 15.4% | 17.2% | 14.2% | 12.7% | 12.4% | 13.6% | 11.8% |
| Diluted EPS | $0.86 | $0.70 | $0.69 | $0.64 | $0.56 | $0.51 | $0.60 | $0.48 | $0.42 | $0.39 | $0.42 | $0.35 |
| EBITDA | $15.1M | $12.9M | $13.5M | $11.8M | $9.9M | $8.9M | $10.8M | $8.3M | $7.3M | $6.9M | $6.9M | $5.9M |
| Operating cash flow | $10.8M | $7.7M | $13.4M | $11.2M | $1.1M | $11.0M | $2.6M | $18.7M | $9.7M | $1.5M | $10.6M | $4.8M |
| Free cash flow | $10.6M | $7.0M | $13.2M | $10.7M | $385.0K | $10.6M | $1.9M | $18.3M | $9.2M | $1.3M | $8.6M | $1.5M |
| Diluted shares | 13.6M | 13.6M | 13.6M | 13.6M | 13.5M | 13.5M | 13.1M | 13.5M | 13.5M | 13.5M | 13.5M | 13.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $155.9M | $172.8M | $97.2M | $116.4M | $87.6M | $172.6M |
| Short-term investments | $453.0M | $444.2M | $437.1M | $436.4M | $447.7M | $455.0M |
| Total debt | $203.4M | $253.9M | $262.3M | $222.8M | $223.3M | $280.3M |
| Total assets | $3.50B | $3.49B | $3.43B | $3.39B | $3.35B | $3.39B |
| Total liabilities | $3.12B | $3.11B | $3.06B | $3.03B | $2.99B | $3.04B |
| Shareholders' equity | $384.7M | $375.9M | $370.9M | $361.8M | $350.8M | $344.6M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology