Marathon Bancorp (MBBC) posted a positive start to QQ1 2025 with revenue of $2.505 million, up 39.8% year over year, and net income of $0.175 million (EPS $0.0859). The quarter delivered a solid gross margin of 70.58% and an operating margin of 8.60%, supported by an EBITDA of $0.286 million. Net income rose more than 2x YoY driven by improved operating leverage and a favourable tax line (effective tax rate of ~18.8%). QoQ results were also constructive, with operating income up 275.4% and net income up 103.8%, reflecting improved productivity and disciplined cost management within a relatively small operating footprint.
Key Performance Indicators
Revenue
Increasing
2.51M
QoQ: 1.19% | YoY: 39.85%
Gross Profit
Decreasing
1.77M
70.58% margin
QoQ: 15.28% | YoY: -1.30%
Operating Income
Stable
215.51K
QoQ: 275.43% | YoY: N/A
Net Income
Increasing
174.91K
QoQ: 103.77% | YoY: 102.92%
EPS
Increasing
0.09
QoQ: 114.21% | YoY: 103.55%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $2,505,431; YoY +39.85%; QoQ +1.19%
Gross Profit: $1,768,328; Gross Margin 70.58%; YoY -1.30%; QoQ +15.28%
Operating Income: $215,506; Operating Margin 8.60%; YoY N/A; QoQ +275.43%
Net Income: $174,907; Net Margin 6.98%; YoY +102.92%; QoQ +103.77%
EPS: $0.0859; YoY +103.55%; QoQ +114.21%
EBITDA: $285,624; EBITDA Margin 11.40%
Cash Flow: CFO $945,240; Free Cash Flow $921,575; Net Change in Cash $4,549,596; End Cash $15,022,034
Balance Sheet: Total Assets $216.45M; Total Liabilities $184.86M; Total Equity $31.59M; Cash & Equivalents $2.28M; Short/Long-term Investments $186.94M (cash+investments ≈ $8.88M cash & $183.26M investments); Long-term Debt $10.00M; Net Debt $7.72M
Liquidity & Efficiency: Current Ratio 52.80; Debt Ratio 0.0462; Debt/Equity 0.317; Price to Book 0.423; Price to Sales 5.33; Dividend Yield 0%
Notes: Four-quarter data and ratio figures reflect the latest available quarterly filing embedded in the provided data; management commentary from the earnings call is not included in the supplied transcript.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
2.51M
39.85%
1.19%
Gross Profit
1.77M
-1.30%
15.28%
Operating Income
215.51K
N/A
275.43%
Net Income
174.91K
102.92%
103.77%
EPS
0.09
103.55%
114.21%
Key Financial Ratios
Gross Profit Margin
Excellent
70.60%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Fair
8.60%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
6.98%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
0.08%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
0.55%
Return on equity suggests inefficient capital allocation
Current Ratio
Strong
52.80
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Moderate
0.32
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
Fair Value
19.08x
P/E ratio in line with market averages
Price to Book
Undervalued
0.42x
Trading below book value, potential value opportunity or distressed
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