Quarterly ResultMay 14, 2026, 04:38 PM
Marblegate Capital Q1 Net Loss $(1.16)M; Revenue $14.12M
AI Summary
Marblegate Capital reported a significantly reduced net loss of $1.16 million for the first quarter of 2026, improving from a $3.69 million loss in the prior year period. Total revenue surged to $14.12 million, up from $4.59 million year-over-year, primarily driven by fleet revenue. The company, which operates in the New York City taxi medallion market, highlighted various risks including those related to medallion values, competition from ride-sharing, and regulatory changes.
Key Highlights
- Net loss attributable to common stockholders was $(1,160) thousand for Q1 2026.
- Total revenue increased to $14,122 thousand for Q1 2026.
- Basic and diluted net loss per share was $(0.02) for Q1 2026.
- Cash and cash equivalents stood at $5,515 thousand as of March 31, 2026.
- Total assets were $706,466 thousand as of March 31, 2026.
- Total liabilities were $112,788 thousand as of March 31, 2026.
- Loans held for investment, at fair value, were $279,752 thousand as of March 31, 2026.
- Rental vehicles, net, amounted to $38,790 thousand as of March 31, 2026.