Essent (ESNT) Operating Expenses (2013 - 2026)
Essent (ESNT) posted Operating Expenses of $129.3 million for Q1 2026, up 1.15% sequentially from $127.9 million in Q4 2025, and up 16.99% YoY from $110.6 million in Q1 2025.
Essent (ESNT) Operating Expenses (2013 - 2026) Analysis & Trends
Essent has reported Operating Expenses for 14 years, with the latest figure at $129.3 million in Q1 2026.
- Quarterly Operating Expenses rose 16.99% year-over-year to $129.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $457.9 million (up 10.77% YoY) and the FY2025 annual result came in at $439.1 million, up 13.33% from the prior year.
- Operating Expenses advanced to $129.3 million in Q1 2026 per ESNT's latest filing, from $127.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $129.3 million in Q1 2026 and troughed at -$63.8 million in Q1 2022.
- A 5-year average of $76.5 million and a median of $88.0 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses sank 183.32% in 2022, then jumped 261.8% in 2023.
- Over 5 years, Operating Expenses stood at -$31.4 million in 2022, then soared by 400.24% to $94.3 million in 2023, then climbed by 27.31% to $120.1 million in 2024, then gained by 6.49% to $127.9 million in 2025, then advanced by 1.15% to $129.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $129.3 million, $127.9 million, and $112.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 3.71 Bn |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 1.83 Bn |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 1.44 Bn |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 97.34 Mn |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 65.46 Mn |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 132.37 Mn |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 736.33 Mn |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 424.24 Mn |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 50.95 Mn |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 135.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 132.37 Mn |
| Mar 31, 2026 | 129.35 Mn |
| Dec 31, 2025 | 127.88 Mn |
| Sep 30, 2025 | 112.67 Mn |
| Jun 30, 2025 | 87.97 Mn |
| Mar 31, 2025 | 110.56 Mn |
| Dec 31, 2024 | 120.08 Mn |
| Sep 30, 2024 | 109.00 Mn |
| Jun 30, 2024 | 73.72 Mn |
| Mar 31, 2024 | 84.62 Mn |
| Dec 31, 2023 | 94.32 Mn |
| Sep 30, 2023 | 86.67 Mn |
| Jun 30, 2023 | 50.83 Mn |
| Mar 31, 2023 | 54.95 Mn |
| Jun 30, 2022 | -31.41 Mn |
| Mar 31, 2022 | -63.84 Mn |
| Dec 31, 2021 | 39.89 Mn |
| Sep 30, 2021 | 36.85 Mn |
| Jun 30, 2021 | 52.84 Mn |
| Mar 31, 2021 | 76.61 Mn |