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Financial statements

Mount Logan Capital Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Mount Logan Capital Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
Revenue49.853.6
Interest expense77.8
Pre-tax income-9.78-58.5
Net income-10.4-60.8
EPS, basic-1.70-7.08
EPS, diluted-1.70-7.08
Shares, basic (weighted)6.118.6
Shares, diluted (weighted)6.118.6
Dividend per share0.24210.00

Balance sheet

FY2025FY2025
Goodwill55.730.2
Intangible assets2.77
Total assets1,5621,601
Total liabilities1,4581,510
Total debt76.3
Paid-in capital124177
Retained earnings-58.3-121
Other comprehensive income3733.2
Shareholders' equity10491
Total equity10491
Total liabilities and equity1,5621,601
Shares outstanding6.1312.8

Cash flow statement

FY2025FY2025
Net income-10.4-60.8
Stock-based compensation0.471.97
Cash from operations-37.8-22.2
Purchases of investments-317-304
Sales and maturities of investments291318
Cash from investing-26.550.9
Share buybacks0-1.43
Dividends paid-1.51-1.62
Cash from financing75.713.3
Interest paid4.836.77
Income taxes paid0.830.31

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.49 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Pre-tax margin-149.6%Pre-tax income / revenue.
Net margin-155.4%Net income / revenue.
Operating cash flow margin-114.5%Cash from operations / revenue.
Return on equity (ROE)-104.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-4.1%Net income / average total assets.
Stock-based pay / revenue3.4%Stock-based compensation (from the cash flow statement) / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y7.6%Revenue vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y87,400.0%Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-12.6%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y2.5%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y40.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Debt / equity1.61xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets6.3%Total debt / total assets.
Liabilities / assets96.1%Total liabilities / total assets.
Goodwill and intangibles / assets2.1%(Goodwill + intangible assets) / total assets.
Tangible book value$28.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.03xRevenue / average total assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$5.66Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$3.64Revenue / diluted weighted shares.
Operating cash flow per share-$4.17Cash from operations / diluted weighted shares.
Book value per share$5.43Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$2.58Tangible book value / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$39.0MShare price x shares outstanding.
Enterprise value$137.1MMarket cap + total debt - cash - short-term investments.
P/S0.96xMarket cap / revenue.
P/B0.64xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.35xMarket cap / tangible book value, when positive.
EV/Sales3.36xEnterprise value / revenue.
Earnings yield-162.2%Net income / market cap (the inverse of P/E).
Shareholder yield43.3%(Dividends paid + share buybacks) / market cap.
What was Mount Logan Capital Inc.'s revenue in fiscal 2025?

Mount Logan Capital Inc. reported revenue of $53.6M for fiscal 2025, 7.6% higher than the year before.

Was Mount Logan Capital Inc. profitable in fiscal 2025?

No. It reported a net loss of $60.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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