How does MSB's latest earnings compare to past quarters?

Mesabi Trust (MSB) has shown significant improvement in its financial performance from the previous quarter ending in Q3 2023 to the latest quarter ending in Q3 2025. Here's a detailed comparison: 1. **Net Income**: - In Q3 2025, MSB reported a net income of $78.33 million. - This is a substantial increase from the net income of $4.09 million in Q3 2024. - Furthermore, Q3 2025's net income is more than double the net income of $-413692 in Q3 2023. |code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code| |---|---|---|---|---|---|---|---| |MSB|MSB.N|Mesabi Trust|2024 Q4|6227869|4690791||169| |MSB|MSB.N|Mesabi Trust|2025 Q1|6250572|3483785|0.2655|169| |MSB|MSB.N|Mesabi Trust|2025 Q2|6489909|5397894|0.4114|169| |MSB|MSB.N|Mesabi Trust|2025 Q3|7.900184E7|7.8325525E7|5.9699|169| |code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code| |---|---|---|---|---|---|---|---| |MSB|MSB.N|Mesabi Trust|2023 Q4|-2172144|-3015037||169| |MSB|MSB.N|Mesabi Trust|2024 Q1|1848849|1023139|0.078|169| |MSB|MSB.N|Mesabi Trust|2024 Q2|9889241|9183340|0.6999|169| |MSB|MSB.N|Mesabi Trust|2024 Q3|4896066|4086066|0.3114|169| |code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code| |---|---|---|---|---|---|---|---| |MSB|MSB.N|Mesabi Trust|2022 Q4|1.7954717E7|1.7442939E7||169| |MSB|MSB.N|Mesabi Trust|2023 Q1|1.4196248E7|1.3595185E7|1.0362|169| |MSB|MSB.N|Mesabi Trust|2023 Q2|-4366811|-4857371|-0.3702|169| |MSB|MSB.N|Mesabi Trust|2023 Q3|84681|-413692|-0.0315|169| 2. **Revenue**: - The total revenue for Q3 2025 was $79 million. - This is a notable increase from the revenue of $4.9 million in Q3 2024. - In Q3 2025, MSB's revenue is also significantly higher than the revenue of $84681 in Q3 2023. 3. **Diluted EPS**: - The diluted EPS in Q3 2025 was $5.97. - This is a considerable improvement from the diluted EPS of $0.31 in Q3 2024. - MSB's diluted EPS in Q3 2025 is also much higher than the negative diluted EPS of -$0.03 in Q3 2023. Overall, MSB's financial performance has improved significantly in the latest quarter compared to the previous quarter in each of the last three years. The company has demonstrated robust growth in net income, revenue, and diluted EPS.