Essent (ESNT) Cost of Revenue (2013 - 2026)
Essent (ESNT) reported Cost of Revenue of $48.2 million for Q1 2026, up 54.11% on a YoY basis from $31.3 million in Q1 2025, and down 14.01% sequentially from $56.1 million in Q4 2025.
Essent (ESNT) Cost of Revenue (2013 - 2026) Analysis & Trends
Essent (ESNT) has 14 years of Cost of Revenue data on file, last reported at $48.2 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 54.11% year-over-year to $48.2 million; the trailing twelve-month figure through Mar 2026 stood at $166.3 million (up 61.01% YoY), and the FY2025 full-year result was $149.3 million, up 83.87% from the prior year.
- Cost of Revenue eased to $48.2 million in Q1 2026, from $56.1 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $106.9 million in Q1 2022 to a low of -$4.1 million in Q4 2022.
- A 5-year average of $29.1 million and a median of $19.6 million in 2023 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue plunged 99.83% in 2023 and surged 5407.22% in 2024, its largest moves.
- Tracing ESNT's Cost of Revenue over 5 years: stood at -$4.1 million in 2022, then soared by 578.91% to $19.6 million in 2023, then jumped by 108.63% to $41.0 million in 2024, then jumped by 36.85% to $56.1 million in 2025, then dropped by 14.01% to $48.2 million in 2026.
- Business Quant data shows ESNT's Cost of Revenue at $48.2 million in Q1 2026, $56.1 million in Q4 2025, and $44.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 14.00 Bn | 9.88 Bn | 3.16 Bn | 62.00 Mn |
| 2 | Axis Capital Holdings | 8.67 Bn | 8.14 Bn | 613.18 Mn | 867.28 Mn |
| 3 | First American Financial | 7.85 Bn | 4.73 Bn | 1.77 Bn | 352.10 Mn |
| 4 | Enact Holdings | 6.68 Bn | 6.13 Bn | 205.69 Mn | 37.16 Mn |
| 5 | Mgic Investment | 6.51 Bn | 6.48 Bn | 263.84 Mn | 33.24 Mn |
| 6 | Essent | 6.24 Bn | 6.24 Bn | 211.88 Mn | 48.22 Mn |
| 7 | Radian | 5.36 Bn | 5.30 Bn | 304.36 Mn | 98.17 Mn |
| 8 | Assured Guaranty | 3.83 Bn | 3.31 Bn | 65.00 Mn | 17.00 Mn |
| 9 | NMI Holdings | 3.29 Bn | 3.22 Bn | 134.15 Mn | 20.66 Mn |
| 10 | Employers Holdings | 962.93 Mn | 626.53 Mn | 51.80 Mn | 129.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.22 Mn |
| Mar 31, 2026 | 48.22 Mn |
| Dec 31, 2025 | 56.07 Mn |
| Dec 31, 2025 | 56.07 Mn |
| Sep 30, 2025 | 44.92 Mn |
| Sep 30, 2025 | 44.92 Mn |
| Jun 30, 2025 | 17.06 Mn |
| Jun 30, 2025 | 17.06 Mn |
| Mar 31, 2025 | 31.29 Mn |
| Mar 31, 2025 | 31.29 Mn |
| Dec 31, 2024 | 40.98 Mn |
| Dec 31, 2024 | 40.98 Mn |
| Sep 30, 2024 | 30.67 Mn |
| Sep 30, 2024 | 30.67 Mn |
| Jun 30, 2024 | 334,000.00 |
| Jun 30, 2024 | 334,000.00 |
| Mar 31, 2024 | 9.91 Mn |
| Mar 31, 2024 | 9.91 Mn |
| Dec 31, 2023 | 19.64 Mn |
| Dec 31, 2023 | 19.64 Mn |