Trends, drivers and alerts — the full picture.
Much of its reported profit is not backed by operating cash.
Its valuation sits in the richer end of its own recent range.
Revenue is contracting year over year.
Term-debt data is not available for this company.
More coming: dilution / share-count creep.
Merchants Bancorp - Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock turns -476¢ of every reported profit-dollar into real cash. Much of its reported profit is not backed by operating cash. Revenue is contracting year over year. Its valuation sits in the richer end of its own recent range.
Signals and key numbers are from the fiscal Q1 FY2026 filing. Price freshness: end-of-day close on Free, 15-min delayed on Pro.