Mayville Engineering Company, Inc. balance sheet

At the end of fiscal 2025, Mayville Engineering Company, Inc. had total assets of $564m, total liabilities of $323m and shareholders' equity of $241m. It held $1.5m in cash against $203m of debt: net debt of $201m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Mayville Engineering Company, Inc.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	0	3	0	0	0	0	1	0	2	2
Receivables	—	52	40	42	55	58	57	50	58	77
Inventory	—	53	46	41	70	72	68	55	59	69
Total current assets	—	113	90	89	133	141	135	113	128	159
Goodwill	—	69	72	72	72	72	93	93	140	140
Total assets	—	392	364	339	379	441	497	446	564	589
Accounts payable	—	46	32	33	50	54	47	39	52	65
Deferred revenue (current)	—	1	1	1	3	6	4	3	3	3
Total current liabilities	—	83	48	53	77	102	72	65	75	94
Short-term debt	—	9	—	—	—	—	—	—	—	—
Total debt	0	120	73	45	68	72	147	80	203	126
Total liabilities	—	289	163	138	181	223	267	194	323	263
Shareholders' equity	—	103	201	201	198	218	230	252	241	325
Net debt (negative = net cash)	−0	117	73	45	67	72	147	80	201	124
Shares outstanding	—	—	—	20m	20m	20m	20m	20m	20m	25m

US$ millions unless shown otherwise. Fiscal quarters.

Mayville Engineering Company, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	54	50	58	51	69	58	68	77
Inventory	61	55	56	54	61	59	66	69
Total current assets	126	113	122	114	142	128	147	159
Goodwill	93	93	93	93	140	140	140	140
Total assets	466	446	448	434	586	564	578	589
Accounts payable	48	39	50	47	53	52	63	65
Deferred revenue (current)	2	3	3	3	3	3	3	3
Total current liabilities	71	65	73	70	78	75	90	94
Total liabilities	228	194	198	187	341	323	346	263
Shareholders' equity	238	252	250	247	245	241	232	325
Shares outstanding	—	20m	20m	20m	—	20m	20m	25m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Mayville Engineering Company, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mayville Engineering Company, Inc.