Mayville Engineering Company, Inc.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $3.1m $1k $121k $118k $127k $672k $206k $1.5m
Receivables, net of allowances for doubtful accounts of $577 at December 31, 2025 and $248 at December 31, 2024 $52.3m $40.2m $42.1m $55.4m $58.0m $57.4m $49.8m $57.6m
Inventories, net $53.4m $45.7m $41.4m $70.2m $71.7m $67.8m $54.8m $59.4m
Prepaid expenses and other current assets $1.6m $3.0m $2.6m $2.9m $3.5m $3.3m $3.4m $5.2m
Total current assets $112.8m $90.5m $89.2m $132.6m $141.3m $134.6m $112.9m $128.4m
Property, plant and equipment, net $123.9m $125.1m $106.7m $119.6m $145.8m $175.7m $156.5m $150.0m
Goodwill $69.4m $71.5m $71.5m $71.5m $71.5m $92.7m $92.7m $140.2m
Intangible assets, net $82.9m $72.2m $61.5m $50.8m $43.8m $58.7m $51.7m $111.3m
Other long-term assets $814k $1.1m $3.5m $3.9m $2.0m $2.7m $1.7m $1.8m
Tooling in progress $2.3m $1.6m $3.1m $4.0m $7.9m $5.5m $4.8m $4.7m
Assets held for sale $3.6m $83k $1.4m $1.4m
Operating lease assets $36.1m $32.2m $28.6m $30.5m
Current portion of operating lease obligation $4.9m $5.1m $4.9m $6.7m
Salaries, wages, and payroll taxes $7.5m $5.8m $10.2m $8.7m $7.3m $6.4m $5.1m $2.8m
Bonuses and deferred compensation $6.1m $6.2m $3.1m $5.3m $6.9m $3.1m $4.4m $2.2m
Other current liabilities $14.6m $3.4m $5.3m $13.0m $11.6m $10.4m $11.1m $10.7m
Bank revolving credit notes $59.6m $72.6m $45.3m $67.6m $72.2m $147.5m $79.7m $202.5m
Operating lease obligation, less current maturities $31.9m $28.6m $25.4m $25.6m
Deferred compensation, less current portion $13.4m $24.9m $25.6m $25.1m $3.1m $3.8m $4.7m $5.2m
Common shares, no par value, 75,000,000 authorized, 22,505,704 shares issued at December 31, 2025 and 22,300,106 at December 31, 2024 $0 $0
Treasury shares at cost, 2,187,334 shares at December 31, 2025 and 1,883,198 at December 31, 2024 ($4.9m) ($4.9m) ($6.5m) ($9.4m) ($9.5m) ($15.4m) ($20.0m)
Total shareholders' equity $200.9m $200.9m $198.3m $217.9m $230.0m $251.8m $240.7m
Total assets $391.7m $363.6m $338.5m $379.5m $440.6m $496.7m $445.6m $563.6m
Accounts payable $46.0m $32.2m $33.5m $50.1m $53.7m $46.5m $39.1m $52.4m
Total current liabilities $83.2m $48.2m $52.7m $77.4m $102.4m $71.7m $64.6m $74.8m
Deferred income tax liability $19.1m $14.2m $11.9m $8.6m $11.8m $12.6m $16.8m $11.3m
Other long-term liabilities $100k $100k $100k $1.6m $1.2m $2.5m $2.5m $3.5m
Total liabilities $288.7m $162.7m $137.7m $181.2m $222.7m $266.7m $193.8m $322.9m
Additional paid-in-capital $183.7m $190.8m $197.2m $200.9m $205.4m $207.1m $208.8m
Retained earnings $26.8m $22.1m $15.0m $7.5m $26.3m $34.1m $60.1m $52.0m
Total liabilities and shareholders' equity $391.7m $363.6m $338.5m $379.5m $440.6m $496.7m $445.6m $563.6m