MGTE — what changed in the latest 10-Q
A section-by-section comparison of MGTE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-13 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +106 | −36 | ~26 | 42 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Controls & procedures, Legal proceedings, Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-13
business office and garage space to run its taxicab operations (the “Garage Lease”) each have an initial term of five years, with the Garage Lease having an additional renewal option available to DePalma II.
We believe we are the largest New York City taxi medallion lender with a medallion loan portfolio collateralized by approximately 1,693 New York City taxi medallions as of June 30, 2026. In addition to our ownership of medallion loans, we believe we are also the largest owner of New York City taxi m…
For the three and six months ended June 30, 2026, we generated total revenues of $16.7 million and $30.8 million, respectively, and $17.8 million and $22.3 million for the three and six months ended June 30, 2025, respectively. Net income (loss) from operations for the three and six months ended Jun…
For the six months ended June 30, 2026, we realized a year-over-year increase of $1.1 million in regular monthly payments. Non-MRP+ restructuring saw a $2.1 million period-over-period decrease due to fewer Non-MRP+ borrowers in default and available for restructuring compared to the six months ended…
For the three and six months ended June 30, 2026, we foreclosed on 94 medallion, and 16 and 43 medallions for the three and six months ended June 30, 2025, respectively. The increase in the pace of foreclosures was due to the increase in enforcement activity on defaulted non-accruing loans.
Text removed vs the prior filing · source: 10-Q · 2026-05-14
We believe we are the largest New York City taxi medallion lender with a medallion loan portfolio collateralized by approximately 1,797 New York City taxi medallions as of March 31, 2026. In addition to our ownership of medallion loans, we believe we are also the largest owner of New York City taxi …
Further, as of March 31, 2026, we have a managed taxi fleet of 950 vehicles and 838 active drivers operating Signal Taxi vehicles, as well as 121 vehicles managed under our Consulting Agreement.
For the three months ended March 31, 2026 and 2025, we generated total revenues of $14.1 million and $4.6 million, respectively. Net loss from operations for the three months ended March 31, 2026 was $3.5 million and $0.9 million, respectively. Other expense for the three months ended March 31, 2026…
For the three months ended March 31, 2026, we realized a year-over-year increase of $0.6 million in regular monthly payments. Non-MRP+ large borrower payments increased by $0.7 million due to restructuring efforts that improved performance in the Non-MRP+ NYC cohort, while MRP+ payments decreased by…
For the three months ended March 31, 2026 and 2025, we foreclosed on 0 and 27 medallions. The decrease in the pace of foreclosures was due to the reduced size of the non-accruing loan pool as we have foreclosed on a significant portion of the pool’s non-accruing loans.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice