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
DateValue
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