Mill City Ventures III, Ltd (MCVT) Financial Statements
Industry: Finance Services
In fiscal 2025, Mill City Ventures III reported revenue of $3.9M. Net income was -$266.1M (a -6825.0% net margin), or -$6.59 per diluted share. Operating margin was -6772.6%. Operating activities generated -$8.2M of cash. At fiscal year end, Mill City Ventures III held $190.4M in total assets against $20.6M in total liabilities.
Open the full interactive Mill City Ventures III financials → Quarterly statements, key ratios, valuation history and price charts.
Mill City Ventures III Key Stats
| Share Price | $1.39 |
|---|---|
| Market Cap | $112.4M |
| 52-Week Range | $0.81 – $3.74 |
| Shares Outstanding | 80.9 million (basic, 2026 Q2) |
Mill City Ventures III Income Statement
| FY 2011 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $70,154 | $0 | $0 | $3.9M |
| Operating Income | -$107,865 | — | — | — | — | -$264.0M |
| Pre-Tax Income | -$126,847 | $1.1M | $178,869 | -$454,554 | $425,450 | -$264.2M |
| Income Tax | — | $1.1M | $178,869 | -$454,554 | $425,450 | $743,440 |
| Net Income | -$126,847 | $0 | $0 | $0 | $0 | -$266.1M |
| Diluted EPS | -$0.11 | $0.26 | — | — | — | -$6.59 |
Mill City Ventures III Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.0M | $2.9M | $593,897 | $363,000 |
| Net Income | -$44.3M | -$221.8M | -$70.9M | -$18.9M |
| Diluted EPS | -$0.72 | -$5.52 | -$0.88 | -$0.23 |
Mill City Ventures III Balance Sheet
| FY 2011 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | $1.9M | $1.1M | $376,024 | $6.0M | — |
| Current Assets | $22,817 | — | — | — | — | $30.3M |
| Total Assets | $22,817 | $16.7M | $18.6M | $19.1M | $20.5M | $190.4M |
| Current Liabilities | $217,703 | — | — | — | — | $12.7M |
| Total Long-Term Debt | — | — | — | — | — | $277,778 |
| Total Liabilities | $217,703 | $3.3M | $223,230 | $516,434 | $715,447 | $20.6M |
| Shareholders' Equity | -$194,886 | $13.4M | $18.3M | $18.6M | $19.8M | $169.7M |
Mill City Ventures III Cash Flow Statement
| FY 2011 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$65,264 | -$1.9M | -$4.9M | -$1.1M | $5.7M | -$8.2M |
| Cash From Investing | — | — | — | — | — | -$195.4M |
| Cash From Financing | $85,000 | -$1.6M | $4.0M | $424,000 | $0 | $219.5M |
Figures from Mill City Ventures III's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mill City Ventures III financials page for every line item.
Mill City Ventures III Company Profile
| Ticker | MCVT |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | Wayzata, Minnesota |
| Incorporated in | Minnesota |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001425355 |
Frequently Asked Questions
What was Mill City Ventures III's revenue in fiscal 2025?
Mill City Ventures III (MCVT) reported revenue of $3.9M for fiscal 2025.
What is Mill City Ventures III's annual revenue history?
Mill City Ventures III's annual revenue by fiscal year: 2011: $0; 2021: $0; 2022: $70,154; 2023: $0; 2024: $0; 2025: $3.9M.
What was Mill City Ventures III's net income in fiscal 2025?
Mill City Ventures III reported net income of -$266.1M for fiscal 2025.
What was Mill City Ventures III's earnings per share (EPS) in fiscal 2025?
Mill City Ventures III's diluted EPS was -$6.59 for fiscal 2025 (adjusted for any later stock splits).
What was Mill City Ventures III's revenue last quarter?
In its most recent reported quarter (2026 Q2), Mill City Ventures III reported revenue of $363,000.
How much debt does Mill City Ventures III have?
Mill City Ventures III reported $277,778 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mill City Ventures III are outstanding?
Mill City Ventures III reported a weighted average of 80.9 million basic shares outstanding in 2026 Q2.
What is Mill City Ventures III's market cap?
Based on its latest closing price, Mill City Ventures III (MCVT) has a market capitalization of about $112.4M.
When does Mill City Ventures III's fiscal year end?
Mill City Ventures III's fiscal year end, as registered with the SEC, is December 31.
Where is Mill City Ventures III headquartered?
Mill City Ventures III lists its business address in Wayzata, Minnesota in its SEC filings.