MBIA Inc. (MBI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 24M | 28M | 15M | 23M | 14M | 37M | 29M | -37M | 13M | -31M | 8M | 28M | 2M | 57M | 17M | 36M | 40M | 27M | 56M | 4M |
| Revenue Growth % | 71.43% | -24.32% | -48.28% | 162.16% | 7.69% | 219.35% | 262.5% | -232.14% | 550% | -154.39% | -52.94% | -22.22% | -95% | 111.11% | -69.64% | 800% | -44.44% | -73.79% | -21.13% | -96.49% |
| Medical Costs & Claims | -3M | 99M | -49M | 9M | 9M | 14M | 12M | 143M | 19M | 21M | 124M | 29M | 8M | -16M | -10M | 21M | 51M | 119M | 125M | 12M |
| Medical Cost Ratio % | -12.5% | 353.57% | -326.67% | 39.13% | 64.29% | 37.84% | 41.38% | -386.49% | 146.15% | -67.74% | 1550% | 103.57% | 400% | -28.07% | -58.82% | 58.33% | 127.5% | 440.74% | 223.21% | 300% |
| Gross Profit | 27M | -71M | 64M | 14M | 5M | 23M | 17M | -180M | -6M | -52M | -116M | -1M | -6M | 73M | 27M | 15M | -11M | -92M | -69M | -8M |
| Gross Margin % | 112.5% | -253.57% | 426.67% | 60.87% | 35.71% | 62.16% | 58.62% | 486.49% | -46.15% | 167.74% | -1450% | -3.57% | -300% | 128.07% | 158.82% | 41.67% | -27.5% | -340.74% | -123.21% | -200% |
| Gross Profit Growth % | 440% | -408.7% | 276.47% | 107.78% | 183.33% | 144.23% | 114.66% | -17900% | 0% | -171.23% | -529.63% | -106.67% | 45.45% | 179.35% | 139.13% | 287.5% | 60.71% | -2966.67% | -428.57% | 68% |
| Operating Expenses | 68M | -15M | 71M | 70M | 67M | 73M | 68M | 73M | 81M | 86M | 69M | 77M | 77M | 77M | 62M | 51M | 62M | 63M | 54M | 53M |
| OpEx / Revenue % | 283.33% | -53.57% | 473.33% | 304.35% | 478.57% | 197.3% | 234.48% | -197.3% | 623.08% | -277.42% | 862.5% | 275% | 3850% | 135.09% | 364.71% | 141.67% | 155% | 233.33% | 96.43% | 1325% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Combined Ratio % | 270.83% | 300% | 146.67% | 343.48% | 542.86% | 235.14% | 275.86% | -583.78% | 769.23% | -345.16% | 2412.5% | 378.57% | 4250% | 107.02% | 305.88% | 200% | 282.5% | 674.07% | 319.64% | 1625% |
| Operating Income | -41M | -56M | -7M | -56M | -62M | -50M | -51M | -253M | -87M | -138M | -185M | -78M | -83M | -4M | -35M | -36M | -73M | -155M | -123M | -61M |
| Operating Margin % | -170.83% | -200% | -46.67% | -243.48% | -442.86% | -135.14% | -175.86% | 683.78% | -669.23% | 445.16% | -2312.5% | -278.57% | -4150% | -7.02% | -205.88% | -100% | -182.5% | -574.07% | -219.64% | -1525% |
| Operating Income Growth % | 33.87% | -12% | 86.27% | 77.87% | 28.74% | 63.77% | 72.43% | -224.36% | -4.82% | -3350% | -428.57% | -116.67% | -13.7% | 97.42% | 71.54% | 40.98% | 31.13% | -91.36% | -112.07% | 42.45% |
| EBITDA | 6M | -8M | 43M | -7M | -12M | -50M | 2M | -200M | -35M | -84M | -132M | -25M | -32M | 46M | 11M | 7M | -32M | -114M | -78M | -16M |
| EBITDA Margin % | 25% | -28.57% | 286.67% | -30.43% | -85.71% | -135.14% | 6.9% | 540.54% | -269.23% | 270.97% | -1650% | -89.29% | -1600% | 80.7% | 64.71% | 19.44% | -80% | -422.22% | -139.29% | -400% |
| Interest Expense | 47M | 149M | 50M | 49M | 50M | 50M | 53M | 53M | 52M | 54M | 53M | 53M | 51M | 50M | 46M | 43M | 41M | 41M | 45M | 45M |
| Non-Operating Income | -47M | -48M | -50M | -49M | -50M | 0 | -53M | -53M | -52M | -54M | -53M | -53M | -51M | -50M | -46M | -43M | -41M | -41M | -45M | -45M |
| Pretax Income | -41M | -56M | -7M | -56M | -62M | -50M | -51M | -253M | -87M | -138M | -185M | -78M | -83M | -4M | -35M | -36M | -73M | -155M | -123M | -61M |
| Pretax Margin % | -170.83% | -200% | -46.67% | -243.48% | -442.86% | -135.14% | -175.86% | 683.78% | -669.23% | 445.16% | -2312.5% | -278.57% | -4150% | -7.02% | -205.88% | -100% | -182.5% | -574.07% | -219.64% | -1525% |
| Income Tax | 0 | -4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 7.14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -25% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -40M | -51M | -8M | -56M | -62M | -48M | -56M | -255M | -86M | -134M | -185M | -75M | -86M | -52M | -34M | -36M | -73M | -155M | -123M | -61M |
| Net Margin % | -166.67% | -182.14% | -53.33% | -243.48% | -442.86% | -129.73% | -193.1% | 689.19% | -661.54% | 432.26% | -2312.5% | -267.86% | -4300% | -91.23% | -200% | -100% | -182.5% | -574.07% | -219.64% | -1525% |
| Net Income Growth % | 35.48% | -6.25% | 85.71% | 78.04% | 27.91% | 64.18% | 69.73% | -240% | 0% | -157.69% | -444.12% | -108.33% | -17.81% | 66.45% | 72.36% | 40.98% | 31.13% | -91.36% | -112.07% | 42.45% |
| EPS (Diluted) | -0.80 | -1.02 | -0.16 | -1.13 | -1.28 | -1.00 | -1.17 | -5.35 | -1.84 | -2.71 | -3.94 | -1.53 | -1.86 | -0.10 | -0.68 | 0.50 | -1.47 | -3.13 | -2.48 | -1.23 |
| EPS Growth % | 37.5% | -2% | 86.32% | 78.88% | 30.43% | 63.1% | 70.3% | -249.67% | 1.08% | -2610% | -479.41% | -406% | -26.53% | 96.81% | 72.58% | 140.65% | 31.63% | -89.7% | -125.45% | 27.22% |
| EPS (Basic) | -0.80 | -1.02 | -0.16 | -1.13 | -1.28 | -1.00 | -1.17 | -5.35 | -1.84 | -2.71 | -3.94 | -1.53 | -1.86 | -0.10 | -0.68 | 0.50 | -1.48 | -3.13 | -2.49 | -1.23 |
| Diluted Shares Outstanding | 49.8M | 49.28M | 49.6M | 49.54M | 48.35M | 47.75M | 47.67M | 47.5M | 46.82M | 50.86M | 47.01M | 49.04M | 49.95M | 49.88M | 49.88M | 49.83M | 49.63M | 49.59M | 49.55M | 49.49M |