Mayville Engineering Company, Inc. (MEC) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — MEC

Balance Sheet

(in millions USD)

Metric	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	2.20	2.07	1.22	0.21	0.18	0.18	0.31	0.31	2.31	90.13	0.13	0.11	0.11	0.12	0.13	0.12	0.12
Accounts Receivable	77.21	68.14	69.18	51.33	57.93	54.35	67.85	70.33	72.07	69.07	74.24	67.41	71.22	72.40	58.84	58.36	56.59
Inventory	69.28	66.02	61.22	53.95	55.83	61.17	60.82	66.11	73.31	66.83	68.95	74.92	74.10	72.30	62.91	50.94	45.96
Total Current Assets	159.44	147.29	142.29	113.73	122.01	126.25	140.21	145.51	157.86	238.21	154.82	153.10	155.33	153.20	128.38	114.91	107.56
Property, Plant & Equipment	152.86	149.79	153.29	147.31	152.72	163.71	168.76	172.10	178.01	141.33	142.96	137.21	129.51	124.36	120.15	114.70	106.84
Goodwill	140.45	140.25	140.29	92.65	92.65	92.65	92.65	92.65	92.65	71.54	71.54	71.54	71.54	71.54	71.54	71.54	71.54
Intangible Assets	101.21	104.34	110.53	48.27	46.19	49.66	51.39	53.12	56.95	36.52	38.26	41.74	43.47	45.21	49.63	52.30	54.98
Total Non-current Assets*	429.13	430.79	443.30	320.02	325.69	339.75	347.94	354.40	366.94	290.40	293.18	293.62	290.96	290.24	250.83	251.36	246.23
Total Assets	588.58	578.07	585.58	433.75	447.70	466.00	488.15	499.90	524.80	528.60	448.00	446.72	446.28	443.44	379.22	366.27	353.79
Accounts Payable	64.73	62.82	53.07	46.61	49.75	47.99	53.96	54.46	53.37	52.35	52.38	60.10	58.68	59.83	49.81	49.25	41.13
Total Current Liabilities	93.86	89.75	78.03	69.60	72.94	71.38	81.83	79.15	81.46	78.71	96.17	111.00	110.51	88.79	72.38	70.85	61.32
Total Non-current Liabilities*	169.23	256.14	262.79	117.31	124.81	156.27	168.24	186.72	216.30	224.53	128.48	121.14	125.31	151.57	94.69	84.15	85.92
Total Liabilities	263.09	345.89	340.81	186.90	197.75	227.65	250.07	265.86	297.76	303.23	224.66	232.14	235.82	240.36	167.07	154.99	147.24
Retained Earnings	41.71	43.80	56.33	59.01	60.11	44.12	41.14	37.36	31.89	30.46	28.85	23.89	17.30	11.37	21.11	20.84	17.54
Total Stockholder Equity	325.48	232.19	244.77	246.84	249.96	238.36	238.08	234.04	227.04	225.37	223.34	214.58	210.47	203.08	212.14	211.28	206.55

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Total Revenue	162.98	144.78	134.27	144.31	132.33	135.58	121.31	135.39	163.64	161.27	148.58	158.22	138.98	142.65	128.53	136.28	138.34	136.25	112.98	109.02
Cost of Revenue	145.28	133.82	125.15	128.37	118.70	120.26	110.52	118.30	141.36	140.34	130.37	139.20	122.89	126.27	116.06	120.81	120.08	121.37	103.57	98.11
Gross Profit*	17.70	10.96	9.12	15.94	13.62	15.32	10.79	17.10	22.28	20.93	18.21	19.02	16.10	16.38	12.47	15.46	18.26	14.88	9.41	10.91
Total Operating Expenses*	17.31	18.65	14.67	15.89	13.55	13.75	(12.25)	11.37	14.13	13.30	12.86	13.13	11.82	11.71	9.66	6.55	9.77	9.32	26.53	10.05
Operating Income	0.39	(7.69)	(5.54)	0.05	0.08	1.58	23.05	5.73	8.15	7.63	5.36	5.89	4.27	4.67	2.80	8.92	8.49	5.56	(17.12)	0.86
Interest Expense	--	--	--	--	--	--	--	--	--	3.36	3.56	3.91	1.97	1.66	1.22	0.83	0.77	0.57	0.44	0.53
Pretax Income	(3.09)	(11.48)	(9.36)	(3.38)	(1.32)	0.01	21.03	3.07	5.18	4.28	1.80	1.99	2.09	3.01	1.58	8.09	7.73	5.00	(17.57)	0.34
Tax Provision	(0.99)	(3.31)	(5.01)	(0.71)	(0.22)	(0.01)	5.06	0.10	1.40	1.03	(0.43)	0.55	0.48	0.44	(0.80)	1.49	1.80	1.18	(4.00)	0.06
Net Income	(2.10)	(8.18)	(4.36)	(2.67)	(1.10)	0.02	15.97	2.97	3.78	3.24	2.23	1.43	1.61	2.57	2.38	6.60	5.93	3.82	(13.56)	0.28
Basic EPS	(0.09)	(0.40)	(0.22)	(0.13)	(0.05)	0.00	0.78	0.14	0.18	0.16	0.10	0.07	0.08	0.13	0.12	0.32	0.29	0.19	(0.67)	0.01
Diluted EPS	(0.09)	(0.40)	(0.22)	(0.13)	(0.05)	0.00	0.76	0.14	0.18	0.16	0.11	0.07	0.08	0.12	0.11	0.32	0.29	0.19	(0.65)	0.01

* Derived from reported values

Cash Flow Statement

(in millions USD)

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Operating Cash Flow	1.43	(2.76)	13.38	1.87	14.97	8.33	37.96	17.95	23.28	10.63	26.67	19.56	0.18	(6.04)	19.11	17.63	16.11	(0.42)	1.66	(5.44)
Capital Expenditures	8.08	4.18	3.22	3.02	2.45	2.96	2.35	2.88	4.10	2.78	6.78	3.49	3.91	2.41	19.80	12.46	13.37	12.98	12.72	9.60
Free Cash Flow*	(6.65)	(6.94)	10.16	(1.15)	12.53	5.37	35.62	15.07	19.18	7.85	19.88	16.07	(3.73)	(8.45)	(0.69)	5.17	2.74	(13.40)	(11.06)	(15.04)
Investing Cash Flow	(8.08)	(4.18)	(3.06)	(143.07)	(2.44)	(2.96)	(2.07)	(2.88)	(4.10)	(2.67)	(6.48)	(91.49)	(3.91)	(2.25)	(19.60)	(9.95)	(8.50)	(12.62)	(12.72)	(4.67)
Financing Cash Flow	6.78	7.50	(10.04)	142.21	(12.51)	(5.40)	(35.86)	(15.20)	(19.18)	(8.31)	(21.82)	(15.89)	93.73	8.30	0.50	(7.67)	(7.62)	13.05	11.05	10.11

* Derived from reported values