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Side-by-side financial comparison of Merchants Bancorp (MBIN) and Vroom, Inc. (VRM). Click either name above to swap in a different company.
Vroom, Inc. is the larger business by last-quarter revenue ($235.9M vs $175.2M, roughly 1.3× Merchants Bancorp). Merchants Bancorp runs the higher net margin — 38.6% vs -59.8%, a 98.5% gap on every dollar of revenue. Over the past eight quarters, Merchants Bancorp's revenue compounded faster (4.8% CAGR vs -49.5%).
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.
MBIN vs VRM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2023
| Metric | | |
|---|---|---|
| Revenue | $175.2M | $235.9M |
| Net Profit | $67.7M | $-141.1M |
| Gross Margin | — | 12.3% |
| Operating Margin | — | -11.5% |
| Net Margin | 38.6% | -59.8% |
| Revenue YoY | — | 12.9% |
| Net Profit YoY | 16.3% | -669.8% |
| EPS (diluted) | $1.25 | $-80.66 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $175.2M | — | ||
| Q4 25 | $185.3M | — | ||
| Q3 25 | $171.1M | — | ||
| Q2 25 | $179.2M | — | ||
| Q1 25 | $145.9M | — | ||
| Q4 24 | $193.8M | — | ||
| Q3 24 | $149.6M | — | ||
| Q2 24 | $159.5M | — |
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $54.7M | — | ||
| Q2 25 | $38.0M | — | ||
| Q1 25 | $58.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $76.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | — | ||
| Q3 25 | 37.8% | — | ||
| Q2 25 | 27.3% | — | ||
| Q1 25 | 52.4% | — | ||
| Q4 24 | 66.0% | — | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 62.2% | — |
| Q1 26 | 38.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 32.0% | — | ||
| Q2 25 | 21.2% | — | ||
| Q1 25 | 39.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 47.9% | — |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.28 | — | ||
| Q3 25 | $0.97 | — | ||
| Q2 25 | $0.60 | — | ||
| Q1 25 | $0.93 | — | ||
| Q4 24 | $1.84 | — | ||
| Q3 24 | $1.17 | — | ||
| Q2 24 | $1.49 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.2M | $135.6M |
| Total DebtLower is stronger | $32.0M | $454.2M |
| Stockholders' EquityBook value | $2.3B | $127.7M |
| Total Assets | $20.3B | $1.5B |
| Debt / EquityLower = less leverage | 0.01× | 3.56× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $83.2M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $32.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $19.4B | — | ||
| Q3 25 | $19.4B | — | ||
| Q2 25 | $19.1B | — | ||
| Q1 25 | $18.8B | — | ||
| Q4 24 | $18.8B | — | ||
| Q3 24 | $18.7B | — | ||
| Q2 24 | $18.2B | — |
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-108.1M |
| Free Cash FlowOCF − Capex | — | $-108.8M |
| FCF MarginFCF / Revenue | — | -46.1% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-536.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-341.2M | — | ||
| Q3 25 | $29.8M | — | ||
| Q2 25 | $-121.2M | — | ||
| Q1 25 | $148.0M | — | ||
| Q4 24 | $-835.3M | — | ||
| Q3 24 | $-492.6M | — | ||
| Q2 24 | $51.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-362.2M | — | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | $-125.7M | — | ||
| Q1 25 | $141.2M | — | ||
| Q4 24 | $-853.7M | — | ||
| Q3 24 | $-497.2M | — | ||
| Q2 24 | $45.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | -195.5% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | -70.1% | — | ||
| Q1 25 | 96.8% | — | ||
| Q4 24 | -440.6% | — | ||
| Q3 24 | -332.4% | — | ||
| Q2 24 | 28.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 3.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | -3.19× | — | ||
| Q1 25 | 2.54× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.04× | — | ||
| Q2 24 | 0.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
VRM
Segment breakdown not available.
