MSDL Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	94.41	72.37	69.71	81.22	74.15
Securities and Investments	3,772	3,791	3,194	2,874	2,387
Accrued Interest and Accounts Receivable	26.88	31.02	29.06	21.1	12.04
Other Non-Earning Assets	27.26	17.13	14.41	10.22	19.71
Total Assets	3,920	3,912	3,307	2,986	2,493
Accounts Payable	0.09	0.22	2.88	2.09	8.67
Accrued Expenses	85.24	96.16	86.67	63.26	46.17
Long-Term Debt	2,087	1,973	1,496	1,523	1,250
Total Liabilities	2,172	2,070	1,586	1,589	1,305
Common Stock	0.09	0.09	0.08	0.07	0.06
Additional Paid-in Capital	1,768	1,812	1,713	1,452	1,173
Retained Earnings	-19.62	29.62	8.46	-54.78	15.78
Shareholders' Equity	1,748	1,842	1,721	1,397	1,189
Total Liabilities & Equity	3,920	3,912	3,307	2,986	2,493
Total Debt	2,087	1,973	1,496	1,523	1,250
Net Cash (Debt)	-2,087	-1,973	-1,496	-1,523	-1,250
Net Cash Per Share	-23.91	-22.26	-20.15	-24.70	-40.11
Book Value	1,748	1,842	1,721	1,397	1,189
Book Value Per Share	20.03	20.78	23.18	22.66	38.15
Tangible Book Value	1,748	1,842	1,721	1,397	1,189
Tangible Book Value Per Share	20.03	20.78	23.18	22.66	38.15

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q