Medallion Financial (MFIN) Cash Flow: Operating & Free Cash Flow

Medallion Financial Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Medallion Financial Corp. (MFIN) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	55.34	41.93	55.08	49.89	57.65	-26.91	2.00	-22.74	0.28
Depreciation & Amortization	8.32	6.22	1.85	5.23	6.52	7.71	7.50	5.56	1.02
Stock Based Compensation	6.74	6.05	0.00	3.48	2.26	2.03	1.22	0.58	0.79
Change in Working Capital	-9.76	-16.02	-8.15	9.15	23.21	-15.01	-4.89	19.40	-32.98
Change in Accounts Receivable	-4.09	-1.78	-0.93	-1.99	-0.28	-1.68	-1.25	0.80	0.22
Change in Accounts Payable	-5.82	-7.33	6.21	7.78	2.69	-6.78	-7.33	-0.54	0.04
Change in Other Working Capital	0.37	-6.91	-13.44	13.72	-5.35	-6.55	3.69	19.14	-33.24
Other Operating Activities	0.37	77.34	64.99	13.72	16.38	110.88	59.11	63.75	44.22
Net Cash from Operating Activities	126.28	115.51	113.76	108.74	78.73	78.71	64.94	66.55	13.32
Investing Activities
Purchases of Investments	-14.83	-7.74	-11.57	-20.71	-19.35	-15.58	-10.51	-10.38	28.37
Sales/Maturities of Investments	36.34	16.38	30.08	14.76	35.65	15.40	7.12	6.42	0.00
Other Investing Activities	-146.00	-344.42	-359.20	-443.05	-272.29	-170.78	-203.12	-19.74	0.00
Net Cash from Investing Activities	-124.49	-335.78	-340.70	-449.01	-238.32	-170.96	-206.51	-23.70	0.00
Financing Activities
Debt Repayment	0.00	260.72	285.26	-483.67	-627.26	0.00	0.00	0.00	-21.45
Common Stock Issued	0.52	0.00	0.44	0.16	0.24	0.00	0.00	0.00	0.00
Common Stock Repurchased	-0.99	-4.61	0.00	-20.62	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-10.97	-9.39	-7.70	-7.54	0.00	0.00	0.00	-0.07	-0.15
Other Financing Activities	17.14	-6.73	-6.82	-6.05	171.80	136.47	151.68	-27.59	0.00
Net Cash from Financing Activities	30.20	239.99	271.18	321.38	172.04	136.47	151.68	-27.65	-21.60
Summary
Effect of Forex Changes on Cash	0.00	0.00	-24.83	0.00	-2.71	0.00	0.00	0.00	0.00
Net Change in Cash	31.99	19.73	19.42	-18.89	12.44	44.22	10.11	15.20	-8.27
Cash at Beginning of Period	169.57	149.85	33.17	124.48	54.74	67.82	57.71	42.51	20.96
Cash at End of Period	201.56	169.57	52.59	105.60	64.48	112.04	67.82	57.71	12.69
Free Cash Flow	126.28	115.51	113.76	108.74	78.73	78.71	64.94	66.55	13.32
Supplemental Disclosures
Interest Paid	-	82.76	57.51	31.98	29.87	-	-	-	-
Income Taxes Paid	-	22.46	25.10	8.85	5.48	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Medallion Financial Cash Flow

What is Medallion Financial's free cash flow?

Medallion Financial generated free cash flow of $126.28M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 9.3% from $115.51M a year earlier. Free cash flow equaled 35.7% of revenue.

Does Medallion Financial pay dividends or buy back shares?

Yes. In fiscal 2025 Medallion Financial returned $10.97M in dividends and $986.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition