Where Mount Logan Capital stands after its latest 10-Q
Revenue for the twelve months to June 2026 was $41m. Our price-to-book vs peers value is $7.68 a share.
Source: 10-Q filed August 11, 2026 on SEC EDGAR · Financials · Valuation
Mount Logan Capital Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$8.2
Price-to-book vs peers
Base case. Range ~$8.2–$22. Book value per share times peers' typical (harmonic-mean) price-to-book.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Mount Logan Capital Inc. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders4 buying, 0 selling7 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
- Funds11 adding, 14 cuttingOf 4 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers
Value diary
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
The Fundamentalytics view
Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 3782% in the quarter to 2026-06-30.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Mount Logan Capital Inc.'s latest figures clears our strength thresholds.
Things to watch
- Results due soon. Results are expected around 13 November; the share price can move sharply on the day.
- Revenue shrinking. Revenue fell 24.3% over the last 12 months.
- Volatile shares. Over the past year the shares showed annualised volatility of 59% and a beta of 0.6 against the S&P 500.
- Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 86.5% over 90 days.
Latest results: FY2026 Q2
- Earnings per share
- -$0.52 against an average estimate of $0.01: missed by 3781.5%
- Revenue
- $9m, down 48.9% on a year earlier
- Share reaction
- -10.5% in the first session after the results on August 11, 2026, against -0.1% for the S&P 500
- Guidance given
- estimated increase to Fee Related Earnings (FRE) from YS AIF transaction $2.8m (full year basis)
- Next report
- November 5, 2026
Price chart
- 1 day+0.6%
- 1 week+7.9%
- 1 month+0.6%
- This year-57.4%
- 1 year-53.3%
- 5 years-50.6%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $40.8M
- Net margin
- -155.4%
Growth
- Revenue growth
- −24.3%
Earnings
- Last results
- August 11, 2026
- Next results (est.)
- November 13, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Agreement
Mount Logan Capital Inc. entered a material agreement; made a public disclosure
SEC 8-KRead source ↗ - Agreement
Mount Logan Capital Inc. entered a material agreement; ended a material agreement
SEC 8-KRead source ↗ - Results
Mount Logan Capital Inc. reported results
SEC 8-KRead source ↗ - Guidance
Guidance issued: estimated increase to fee related earnings (fre) from ys aif transaction of $2.80m for the full year basis
Company results release
Valuation models
We value Mount Logan Capital Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.77 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: the model gives no positive value |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$8.2 ~$8.7–$22 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: pays no regular dividend |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$8.2 ~$8.2–$22 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mount Logan Capital Inc. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 5, 2026, after the close. Analysts expect revenue of $22m for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$1.77 | — | $72m | −15% |
| Next | $0.07 | +104% | $98m | +36% |
Next year's EPS estimate has moved −86.5% in 90 days, across 1 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −97.1% on 90 days ago. In the last 30 days, 1 analyst raised Mount Logan Capital Inc.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$61.03 | $0.53 |
| 60 days ago | −$1.74 | $0.01 |
| 30 days ago | −$1.74 | $0.01 |
| 7 days ago | −$1.74 | $0.01 |
| Now | −$1.77 | $0.07 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.01 | −$0.52 | −3781.5% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 0.5% of tradable shares
- Days to cover
- 3.14 at average volume
- Short interest, 1 month
- −35% to October 15, 2026
- Held by institutions
- 22% of shares
- Held by insiders
- 8.4% of shares
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| MLCI | +10% | −28% | −22% | −11% | +126% | −57% |
| Industry peers (median) | +33% | −17% | +19% | +15% | −4% | −6% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| MLCI | 33% | 17% | 33% | 33% | 67% | 46% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| MLCI | −14% | −33% | −33% | −28% | −17% | −68% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 69% from December 18, 2025 to August 12, 2026. Getting back needed a 220% gain, and the shares have not yet recovered.
Price behaviour
- 52-week range
- $2.63 – $8.41
- From 52-week high
- −59.3%
- vs 50-day average
- +5.4%
- vs 200-day average
- −13.8%
- Volatility (1 year)
- 59%
- Beta vs S&P 500
- 0.57
Share price after results
- Next day
- 0 up, 4 down typical move ±8.3%
- After a week
- 1 up, 3 down typical move ±12.7%
- After a month
- 2 up, 2 down typical move ±15.2%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 11, 2026 | −10.5% | −0.1% | +5.1% | +9.8% |
| May 14, 2026 | −3.4% | −0.4% | −7.0% | −20.9% |
| March 19, 2026 | −17.2% | −1.7% | −33.5% | −21.5% |
| November 14, 2025 | −2.3% | −0.9% | −5.3% | +8.4% |
Fundamentals
Source: SEC EDGAR filings. Retrieved October 29, 2026.
View chart data
| Period | Revenue (TTM) |
|---|---|
| FY25 Q2 | $53.9M |
| FY25 Q3 | $52.6M |
| FY25 Q4 | $53.6M |
| FY26 Q1 | $49.2M |
| FY26 Q2 | $40.8M |
Financial statements
| Fiscal year | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|
| Income | |||
| Revenue | 50 | 54 | 41 |
| Net income | −10 | −61 | −63 |
| Diluted EPS | −$1.70 | −$7.08 | — |
| Growth (year on year) | |||
| Revenue | — | +7.6% | −24.3% |
| Margins | |||
| Net margin | −20.9% | −113.6% | −155.4% |
| Cash flow | |||
| Cash from operations | −38 | −22 | −47 |
| Stock-based pay | 0 | 2 | 1 |
| Balance sheet | |||
| Total debt | 76 | 77 | 98 |
| Diluted shares | 6m | 9m | — |
| Returned to shareholders | |||
| Dividends | 2 | 2 | — |
| Buybacks | 0 | 1 | 17 |
| Total returned | 2 | 3 | 17 |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 13 | 9 | 15 | 17 | 11 | 10 | 11 | 9 |
| Net income | −2 | −8 | −7 | −1 | −13 | −40 | −6 | −4 |
| Diluted EPS | −$0.40 | −$1.31 | −$1.02 | −$0.14 | −$1.64 | −$4.15 | −$0.51 | −$0.37 |
| Growth (year on year) | ||||||||
| Revenue | — | — | — | — | −10.0% | +10.6% | −29.3% | −48.9% |
| Margins | ||||||||
| Net margin | −19.1% | −88.7% | −44.6% | −5.5% | −117.5% | −399.8% | −56.1% | −47.8% |
| Cash flow | ||||||||
| Cash from operations | — | −16 | −8 | 1 | −19 | 3 | −24 | −7 |
| Stock-based pay | — | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
Dividends, buybacks and capital spending
- Buybacks (TTM)
- $16.9M
Competitors: side by side with peers
| Last 12 months unless stated | MLCI | HNNA | VALU | TONX | NAKA | GEG | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $41m | $33m | $33m | $30m | $28m | $28m | $842m |
| Revenue growth, last 12 months | −24.3% | −6.9% | −5.5% | 592.3% | >999% | 70.2% | 15.3% |
| Revenue growth, 3-year average | — | 11.2% | −5.9% | 163.9% | — | 3.0% | 10.2% |
| Revenue growth, latest quarter | −48.9% | 4.2% | −6.4% | 607.4% | >999% | 88.3% | 14.4% |
| Operating margin | — | 33.4% | 10.8% | −115.6% | <−999% | −50.4% | 25.8% |
| Operating margin, 3-year average | — | 32.7% | 16.5% | <−999% | −664.9% | −47.8% | 18.8% |
| Net margin | −155.4% | 24.8% | 60.3% | −532.8% | <−999% | −127.6% | 15.0% |
| Cash from operations / revenue | −114.5% | 31.5% | 53.9% | −94.7% | −169.5% | 56.4% | 26.3% |
| Free-cash-flow margin | — | 30.5% | 55.6% | −94.8% | −169.5% | 51.8% | 21.9% |
| Free-cash-flow margin, 3-year average | — | 32.2% | 53.5% | <−999% | −140.9% | −34.8% | 17.6% |
| Stock pay / revenue | 3.4% | 3.7% | — | 78.4% | 20.2% | 8.2% | 3.7% |
| Change in share count | — | 0.2% | −0.3% | >999% | 937.0% | 19.8% | −0.2% |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Insurance Solutions | $40.6M | 75.8% | ▲ 16.7% |
| Asset Management | $13M | 24.2% | ▼ 13.6% |
From Mount Logan Capital Inc.'s 10-K filed March 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Who owns it
Funds buying and selling- Reported value
- $8.6M
- Institutions reporting
- 29
- Shares held vs prior quarter
- ▼ 9.1%
- Positions opened / closed
- 3 / 6
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Vanguard Capital Management LLC | $2.1M | 596K | 24.0% | ▼ 0.1% |
| Jb Capital Partners LP | $1.8M | 535K | 21.5% | ▲ 6.2% |
| Hightower Advisors, LLC | $985,192 | 286K | 11.5% | ▲ 1.8% |
| Fil Ltd | $679,046 | 197K | 7.9% | 0.0% |
| Punch & Associates Investment Management, Inc. | $634,996 | 185K | 7.4% | ▼ 15.7% |
| Financial Consulate, Inc | $569,132 | 165K | 6.6% | ▼ 5.4% |
| Geode Capital Management, LLC | $350,205 | 102K | 4.1% | ▲ 6.3% |
| Blackrock, Inc. | $273,531 | 80K | 3.2% | ▲ 67.5% |
| Citadel Advisors LLC | $261,189 | 76K | 3.1% | ▼ 11.4% |
| Vanguard Fiduciary Trust Co | $260,460 | 76K | 3.0% | ▲ 0.6% |
| Arbiter Partners Capital Management LLC | $244,276 | 71K | 2.9% | ▲ 100.0% |
| Northern Trust Corp | $87,328 | 25K | 1.0% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mount Logan Capital Inc.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $43,528 7 trades by 4 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $43,528 net buying
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Satoren Brandon Chief Financial Officer | September 2, 2026 | Buy | 1,000 | $3.24 | $3,240 |
| Satoren Brandon Chief Financial Officer | August 20, 2026 | Buy | 500 | $3.20 | $1,600 |
| Held David Chief Compliance Officer | August 19, 2026 | Buy | 946 | $3.39 | $3,207 |
| Satoren Brandon Chief Financial Officer | August 18, 2026 | Buy | 1,000 | $3.02 | $3,020 |
| Satoren Brandon Chief Financial Officer | August 17, 2026 | Buy | 1,000 | $3.13 | $3,130 |
| Goldthorpe Edward J. Chief Executive Officer | June 22, 2026 | Buy | 7,970 | $2.77 | $22,077 |
| Mangum Jordan Chief Operating Officer | May 26, 2026 | Buy | 2,115 | $3.43 | $7,254 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around November 13, 2026 estimated from the company's past filing pattern, not announced
- August 11, 2026
- May 14, 2026
- March 19, 2026
- November 14, 2025
Recent SEC filings
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- DEF 14A Proxy statement
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Mount Logan Capital Inc. in brief
- What does Mount Logan Capital Inc. do?
- Mount Logan Capital Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
- What is Mount Logan Capital Inc.'s stock ticker?
- Mount Logan Capital Inc. trades under the ticker MLCI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Mount Logan Capital Inc.'s revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Mount Logan Capital Inc. reported revenue of $40.8M, 24.3% lower than a year earlier, according to its SEC filings.
- Who are Mount Logan Capital Inc.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Capital Management LLC, Jb Capital Partners LP and Hightower Advisors, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- What is Mount Logan Capital Inc.'s market cap?
- On December 31, 2025, Mount Logan Capital Inc.'s market capitalisation was about $69.1M and net debt of $0. Market figures come from third-party market data and may be delayed.
- Who are Mount Logan Capital Inc.'s competitors?
- In our Asset Management & Custody Banks peer group, the companies closest to Mount Logan Capital Inc. are Hennessy Advisors Inc, Value Line Inc, TON Strategy Co, Nakamoto Inc. and Great Elm Group, Inc. The side-by-side comparison below sets their revenue, margins and growth against Mount Logan Capital Inc.'s.
- Are insiders buying or selling Mount Logan Capital Inc. stock?
- Over the last 12 months, Mount Logan Capital Inc.'s directors and officers reported 7 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
- When is Mount Logan Capital Inc.'s next earnings date?
- Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mount Logan Capital Inc. announces its own schedule.
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