For the quarter ending 2026-03-31, MGTEW had -$18,753K decrease in cash & cash equivalents over the period. -$6,874K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | - | 48,532 | - | - |
| General and administrative | - | 17,547 | - | - |
| Fleet revenue | 8,729 | - | - | - |
| Professional fees | - | 10,133 | - | - |
| Fleet Servicing Fees Net | - | 6,247 | - | - |
| Fleet Servicing Fees Net | - | 6,247 | - | - |
| Fleet servicing fees, net | - | 6,247 | - | - |
| Interest income | 3,594 | - | - | - |
| Expense Related To Servicing Fees | - | 4,536 | - | - |
| Expense Related To Servicing Fees | - | 4,536 | - | - |
| Service fee expense | - | 4,536 | - | - |
| Management Fee Expense | - | 5,929 | - | - |
| Management fee expense - related party | - | 5,929 | - | - |
| Other revenue | 1,799 | - | - | - |
| Depreciation | - | 3,331 | - | - |
| Total revenue | 14,122 | - | - | - |
| Depreciation | - | 3,331 | - | - |
| Cost of fleet revenue, net (exclusive of depreciation) | 7,631 | - | - | - |
| Depreciation expense | - | 3,331 | - | - |
| Depreciation of rental vehicles | 1,519 | - | - | - |
| Total operating expenses | - | 47,723 | - | - |
| Service fee expense | 1,201 | - | - | - |
| Management fee expense - related party | 2,226 | - | - | - |
| Depreciation of property and equipment | 66 | - | - | - |
| Other income | - | 9,269 | - | - |
| General and administrative | 2,827 | - | - | - |
| Lease revenue from deposit liability | - | - | 0 | 8,043 |
| Operating lease right-of-use asset, net | - | - | -106 | -188 |
| Loan payments received in advance | - | - | 88 | -171 |
| Wav grant receivable | - | - | -897 | 3,083 |
| Noncash lease expense | - | 51 | - | - |
| Professional fees | 2,130 | - | - | - |
| Gains from disposal of medallions | - | 0 | 22 | 66 |
| Total operating expenses | 17,600 | - | - | - |
| Change in fair value of warrant liability | - | -24 | 4 | 41 |
| Other income (expense) | -925 | - | - | - |
| (provision for) benefit from income taxes | - | 54,140 | - | - |
| Income tax (expense) benefit | -53,892 | - | 1,686 | 49,283 |
| Net loss | -1,480 | 8,254 | -1,293 | -51,023 |
| Depreciation | 1,585 | 1,243 | 778 | 1,310 |
| Losses on loans held for investment, net | -374 | 11,970 | 1,312 | -4,667 |
| Noncash medallion incentive | 263 | 262 | 263 | 525 |
| Noncash operating lease expense | 11 | - | - | - |
| Amortization of borrowing costs | 114 | - | - | - |
| Other expense (income), net | -5 | - | - | - |
| Interest receivable | - | - | 105 | -248 |
| Deferred income taxes | -2,923 | -54,140 | - | - |
| Due from related party | 0 | 0 | 0 | -16 |
| Prepaid expenses and other current assets | 1,160 | -238 | 2,083 | 2,194 |
| Accrued expenses and other liabilities | 1,490 | -3,833 | 974 | 2,691 |
| Operating lease liability | - | - | -93 | -163 |
| Service fee payable | -1,912 | 731 | - | - |
| Management fee payable | -3,180 | 2,223 | 2,023 | 1,683 |
| Deposit liability | 0 | -8,043 | 0 | 957 |
| Net cash (used in) provided by operating activities | -6,813 | 2,316 | 1,727 | -2,874 |
| Purchases of rental vehicles | 12,933 | 38,656 | - | - |
| Asset-based wav grant receipts | 1,740 | 8,000 | - | - |
| Purchases of property and equipment | 61 | -20,482 | 6,532 | 14,197 |
| Purchases of non-mrp+ loans | - | 0 | 0 | 0 |
| Loan repayments | - | - | 2,137 | 6,259 |
| Cash acquired in the business combination | - | 0 | 0 | 91 |
| Cash acquired in signal taxi acquisition | - | 0 | 0 | 34 |
| Medallion disposal down payments and settlements received | 0 | 0 | 0 | 430 |
| Repayments on loans held for investment | 1,700 | 10,146 | - | - |
| Tml asset acquisition, net of cash acquired | - | 15,909 | - | - |
| Net cash used in investing activities | -9,554 | -24,333 | -4,395 | -7,383 |
| Capital distributions to depalma companies equityholders | - | 0 | 0 | 0 |
| Payment of mac promissory notes at closing of the business combination | - | 0 | 0 | -3,675 |
| Payment of mac transaction costs at closing of the business combination | - | 0 | 0 | 7,976 |
| Distributions to noncontrolling interests | 1,112 | 3,112 | 26 | - |
| Proceeds from term loan | - | 17,220 | - | - |
| Proceeds from credit facility | - | 25,000 | - | - |
| Payment of issuance costs on term loan and credit facility | - | 1,822 | - | - |
| Principal repayments on term loan | -1,274 | - | - | - |
| Net cash used in financing activities | -2,386 | 37,286 | -26 | -11,651 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | -18,753 | 15,269 | -2,694 | -21,908 |
| Cash and cash equivalents and restricted cash, at beginning of period | 25,840 | 10,571 | 35,173 | - |
| Cash and cash equivalents and restricted cash, at end of period | 7,087 | 25,840 | 10,571 | - |
Marblegate Capital Corp (MGTEW)
Marblegate Capital Corp (MGTEW)