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Other financials

Income statement

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Revenue$144.8M+6.8%
Gross profit$11.0M-28.5%
Operating income-$7.7M-588%
Net income-$8.2M-40,975%
EPS (diluted)-$0.40

Balance sheet

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Cash & equivalents$2.1M+1,029%
Total debt$30.6M+5.5%
Total equity$232.2M-7.1%
Total assets$578.1M+29.1%

Cash flow

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Operating cash flow-$2.8M-133%
CapEx$4.2M+41.3%
Free cash flow-$6.9M-229%

Valuation

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Market cap$899.68M+175%
Enterprise value$928.24M+161%
P/S1.6×+1.0×

Profitability

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Gross margin8.9%-2.9pp
Operating margin-2.4%-9.3pp
Net margin-2.9%-7.0pp
FCF margin2.8%-10.7pp

Returns & leverage

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Return on equity-6.8%-16.2pp
Debt / equity0.1×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Mayville Engineering in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetReclassifiedToReceivable.

The official record: Mayville Engineering’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mayville Engineering's receivables?
Mayville Engineering (MEC) reported receivables of -$628K in Q1 2026.
How has Mayville Engineering's receivables changed year-over-year?
Mayville Engineering's receivables decreased by 290.9% year-over-year, from $329K to -$628K.
What is the long-term trend for Mayville Engineering's receivables?
Over 3 years (2021 to 2024), Mayville Engineering's receivables has grown at a -5.5% compound annual growth rate (CAGR), from -$824K to $696K.
What does receivables mean?
The value of contract assets that have been reclassified to accounts receivable because the company's right to consideration has become unconditional. This indicates the transition from performance-based asset recognition to formal billing and collection status.