Mount Logan Capital Inc (MLCI)
NASDAQ:MLCI
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Mount Logan Capital Inc
(NASDAQ:MLCI)
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Rating:51Neutral
Price Target:
$3.50
▼(-57.42% Downside)
Action:ReiteratedDate:03/19/26
The score is held down primarily by weak recent financial performance (sharp TTM revenue contraction, losses, and negative operating/free cash flow) and a bearish technical setup (below key moving averages with negative MACD). Offsetting factors include a very high dividend yield, constructive long-term growth guidance from the latest call, and generally positive growth-oriented corporate actions, tempered by new debt costs and the misconduct-related overhang.
Positive Factors
Sizeable AUM
AUM north of $2 billion provides a durable base for fee-related revenue, improving recurring income potential and underwriting scale. Larger AUM supports economies of scale in operations and product distribution, aiding sustainable margin expansion and capacity to weather market cycles.
Negative Factors
Sharp Revenue Decline
A two-thirds TTM revenue contraction paired with a material net loss indicates fragile top-line drivers and unstable earnings power. Persistent revenue and margin weakness undermines dividend sustainability, ROE recovery, and the firm’s ability to scale fee income without further restructuring or asset growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Sizeable AUM
AUM north of $2 billion provides a durable base for fee-related revenue, improving recurring income potential and underwriting scale. Larger AUM supports economies of scale in operations and product distribution, aiding sustainable margin expansion and capacity to weather market cycles.
Read all positive factors
Mount Logan Capital Inc (MLCI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.84M
Dividend Yield1.07%
Average Volume (3M)43.62K
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth66.65%
EPS Growth-1497.99%
CountryUS
Employees21
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-4.84
Shares Outstanding11,196,169
10 Day Avg. Volume47,233
30 Day Avg. Volume43,618
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.78
Price to Sales (P/S)-5.71
P/FCF Ratio-3.20
Enterprise Value/Market Cap18.61
Enterprise Value/Revenue-10.25
Enterprise Value/Gross Profit-2.13
Enterprise Value/Ebitda-2.59
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.27
Revenue Forecast (FY)$53.60M
Mount Logan Capital Inc Business Overview & Revenue Model
Company Description
lternative asset management and insurance solutions company focused on public and private debt securities in North America, and reinsurance of annuity products; following a merger with 180 Degree Capital, operating via subsidiaries such as Mount L...
How the Company Makes Money
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Mount Logan Capital Inc Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Neutral
While Mount Logan Capital has achieved significant strategic milestones, such as redomiciling to the U.S. and successful mergers to enhance growth, the company faced financial challenges this quarter. These included a notable net loss and a decline in revenues attributed to impairment charges and integration costs. The company's future growth prospects and strategic initiatives provide optimism, but current financial setbacks balance the sentiment.Positive Updates
Successful Redomiciling and NASDAQ Listing
Mount Logan Capital has successfully redomiciled from Canada to the U.S. and now trades on the NASDAQ Capital Market under the ticker MLCI, marking a significant milestone for the company.
Negative Updates
Significant Net Loss
Mount Logan reported a net loss of $13.4 million for the third quarter, driven by a $19 million impairment charge and $3 million in transaction costs.
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Q3-2025 Updates
Positive
Negative
Successful Redomiciling and NASDAQ Listing
Mount Logan Capital has successfully redomiciled from Canada to the U.S. and now trades on the NASDAQ Capital Market under the ticker MLCI, marking a significant milestone for the company.
Read all positive updates
Company Guidance
During Mount Logan Capital's third quarter 2025 results call, the company provided forward-looking guidance focused on significant growth in assets under management (AUM), fee-related earnings (FRE), and spread-related earnings (SRE) for 2026 and beyond. The company, now a U.S.-listed entity on the NASDAQ under the ticker MLCI, emphasized its strategic initiatives following its redomiciliation from Canada and integration of 180 Degree Capital. Currently managing over $2 billion in assets, Mount Logan aims to expand its alternative asset management and insurance solutions platforms. The company's growth strategy includes leveraging its newly formed BC Partners Investment Corporation, scaling its insurance solutions business, and executing a robust pipeline of acquisition opportunities. They plan to utilize a strengthened balance sheet to deploy capital for both organic growth and strategic acquisitions, while maintaining a focus on disciplined capital allocation and cost management. Additionally, Mount Logan announced its 25th consecutive quarterly dividend, reinforcing its commitment to returning capital to shareholders.Mount Logan Capital Inc Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
52
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -12.42M | 195.66M | 214.72M | 50.41M | 22.07M |
| Gross Profit | -59.68M | 61.02M | 45.17M | 28.99M | 26.05M |
| EBITDA | -34.13M | 18.05M | -8.84M | 52.87M | 34.53M |
| Net Income | -60.85M | 5.59M | -16.46M | 48.32M | 28.73M |
Balance Sheet | |||||
| Total Assets | 1.60B | 1.69B | 1.69B | 1.54B | 1.68B |
| Cash, Cash Equivalents and Short-Term Investments | 15.00M | 203.74M | 199.57M | 171.39M | 44.17M |
| Total Debt | 93.50M | 92.68M | 76.28M | 108.59M | 87.67M |
| Total Liabilities | 1.51B | 1.63B | 1.64B | 1.48B | 1.66B |
| Stockholders Equity | 90.96M | 57.22M | 51.95M | 62.27M | 15.32M |
Cash Flow | |||||
| Free Cash Flow | -22.18M | 27.80M | 101.29M | 118.80M | -67.07M |
| Operating Cash Flow | -22.18M | 27.80M | 101.29M | 118.80M | -56.47M |
| Investing Cash Flow | 55.01M | -28.73M | -93.33M | -106.10M | 88.66M |
| Financing Cash Flow | 13.34M | 12.41M | 16.34M | 8.74M | -11.95M |
Mount Logan Capital Inc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
51 Neutral | $6.84M | -1.17 | -25.88% | 1.07% | 66.65% | -1497.99% | |
51 Neutral | $29.42M | 71.21 | 39.00% | ― | -37.08% | ― | |
48 Neutral | $39.39M | -63.68 | -5.22% | 0.20% | 261.58% | -329.41% | |
45 Neutral | $7.34M | -0.16 | -1438.14% | ― | -62.09% | -99.89% | |
42 Neutral | $57.99M | ― | 38.19% | ― | -33.98% | 94.83% | |
41 Neutral | $7.25M | -0.33 | -925.11% | ― | ― | ― |
* Financial Sector Average
MLCI
Mount Logan Capital Inc
3.77
-4.14
-52.33%
ATON
AlphaTON Capital
0.31
-8.28
-96.40%
BCG
Binah Capital Group
1.76
-0.31
-14.98%
RMCO
Royalty Management Holding
2.60
1.61
161.57%
BENF
Beneficient
4.08
1.62
65.85%
CWD
CaliberCos, Inc. Class A
1.04
-10.08
-90.65%
Mount Logan Capital Inc Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Mount Logan Expands SOFIX via Yieldstreet Asset Acquisition
Positive
Mar 19, 2026
On March 19, 2026, Mount Logan Capital said its Opportunistic Credit Interval Fund, SOFIX, agreed to acquire more than $100 million of assets and non-discharged liabilities from Yieldstreet Alternative Income Fund in a tax-free reorganization, nea...
Business Operations and StrategyPrivate Placements and Financing
Mount Logan Capital Completes $40 Million Notes Offering
Positive
Jan 26, 2026
On January 26, 2026, Mount Logan Capital Inc. completed a registered public offering of $40 million in aggregate principal amount of 8.00% senior unsecured notes due January 31, 2031, with interest payable quarterly starting April 30, 2026. The no...
Business Operations and StrategyPrivate Placements and Financing
Mount Logan Capital Announces New Senior Notes Offering
Positive
Jan 16, 2026
On January 15, 2026, Mount Logan Capital Inc. entered into an underwriting agreement with a syndicate led by Lucid Capital Markets to issue and sell $40 million of 8.00% senior unsecured notes due 2031, with a 30‑day option for underwriters ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.