MBCN FY 2025 Earnings Report — Middlefield Banc Corp. Revenue & Financial Results | Market Cap Arena

Middlefield Banc Corp.MBCN

FY 2025 Earnings

Reported February 10, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$112M	—	$108M	—	3.5%
Op. Income	$23M	—	$18M	—	28.0%
Gross Margin	65.8%	—	60.7%	—	5.1pp
Net Margin	17.3%	—	14.3%	—	3.0pp
EPS (Diluted)	$2.39	—	$1.92	—	24.5%
Free Cash Flow	$0	—	$17M	—	-100.0%

Revenue Flow

Item	Amount
REVENUE	$112M
Cost of Revenue	$38M
GROSS PROFIT	$74M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$32M
SG&A Expenses	$32M
Other Expenses	$19M
Operating Expenses	$50M
Cost & Expenses	$89M
OPERATING INCOME	$23M
Interest Income	$107M
Interest Expense	$39M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$0
EBIT	$23M
EBITDA	$23M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$112M
Cost of Revenue	$38M
GROSS PROFIT	$74M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$32M
SG&A Expenses	$32M
Other Expenses	$19M
Operating Expenses	$50M
Cost & Expenses	$89M
OPERATING INCOME	$23M
Interest Income	$107M
Interest Expense	$39M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$0
EBIT	$23M
EBITDA	$23M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$19M
Change in Working Capital	$0
OPERATING CASH FLOW	$0
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$0
FREE CASH FLOW	$0
Net Change in Cash	-$56M

Balance Sheet

Item	Amount
Cash & Equivalents	$40M
Short-Term Investments	$8M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$48M
PP&E (Net)	$22M
Goodwill	$36M
Intangible Assets	$5M
Long-Term Investments	$1.7B
Tax Assets	$0
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$1.9B
Account Payables	$0
Short-Term Debt	$175M
Deferred Revenue	$0
Other Current Liabilities	-$71M
TOTAL CURRENT LIABILITIES	$118M
Long-Term Debt	$11M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$1.7B
Common Stock	$164M
Additional Paid-In Capital	$1M
Retained Earnings	$122M
Treasury Stock	-$41M
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$230M
Minority Interest	$0
TOTAL EQUITY	$230M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$186M
Net Debt	$147M