Income Statement

Last updated: 26 Sep 2025

Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. 's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 4% to $144,805,000. The net income raised on $31,232,000 and profit margin reached 22%. Total operating expenses were $102,677,000.

Profit Margin

Quarters Years

(NASDAQ:MVBF): Profit margin
2014	51.16M	2.07M	4.06%
2015	71.41M	6.81M	9.54%
2016	82.84M	12.91M	15.59%
2017	85.00M	7.57M	8.91%
2018	90.69M	12.00M	13.23%
2019	124.00M	26.99M	21.77%
2020	160.66M	37.41M	23.29%
2021	139.75M	39.12M	27.99%
2022	150.09M	15.04M	10.02%
2023	144.80M	31.23M	21.57%

MVBF Income Statement (2014 – 2023)

Quarters Years

	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue
Revenue	144.80M	150.09M	139.75M	160.66M	124.00M	90.69M	85.00M	82.84M	71.41M	51.16M
Cost of revenue	0	0	0	0	0	3.55M	3.20M	0	0	0
Gross profit	144.80M	150.09M	139.75M	160.66M	124.00M	87.14M	81.79M	82.84M	71.41M	51.16M

Operating exp.
Research and development	0	0	0	0	0	0	0	0	0	0
Selling and marketing	79.45M	0	525K	1.09M	1.29M	1.14M	1.17M	1.25M	1.37M	1.43M
Total operating expenses	102.67M	-122.09M	-90.75M	-113.72M	-88.56M	-54.06M	-72.81M	-73.86M	-52.34M	-41.09M

Operating income	42.12M	28.00M	49.00M	46.94M	35.44M	33.08M	8.97M	8.97M	19.06M	10.06M
Other income (expenses), net	-14.83M	-9.49M	-425K	7.61M	-427K	-17.70M	-6.31M	4.37M	-6.13M	0
Income before tax	27.29M	18.51M	48.57M	46.94M	35.01M	15.37M	12.33M	13.35M	9.84M	1.98M
Income tax expense	5.07M	4.12M	9.88M	9.53M	8.45M	3.37M	4.75M	4.37M	3.02M	-96K
Net income	31.23M	15.04M	39.12M	37.41M	26.99M	12.00M	7.57M	12.91M	6.81M	2.07M

Earnings per share
Basic EPS	2.46	1.23	3.32	3.13	2.3	0.94	0.69	1.44	0.78	0.22
Diluted EPS	2.4	1.17	3.1	3.06	2.24	0.94	0.68	1.31	0.77	0.22

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