Mbia (MBI) Operating Expenses (2009 - 2026)

Mbia (MBI) reported Operating Expenses of $65.0 million for Q1 2026, down 14.47% on a YoY basis from $76.0 million in Q1 2025, and down 22.62% quarter-over-quarter from $84.0 million in Q4 2025.

Mbia (MBI) Operating Expenses (2009 - 2026) Analysis & Trends

Mbia has reported Operating Expenses for 18 years, with the latest figure at $65.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 14.47% year-over-year to $65.0 million; the trailing twelve-month figure through Mar 2026 stood at $250.0 million (down 45.53% YoY), and the FY2025 full-year result was $261.0 million, down 45.96% from the prior year.
  • Operating Expenses for Q1 2026 stood at $65.0 million, down from $84.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $216.0 million in Q2 2024, with the low at $22.0 million in Q3 2025.
  • Historically, Operating Expenses has averaged $94.2 million across 5 years, with a median of $84.0 million in 2025.
  • Annual changes were most pronounced in 2022 — Operating Expenses tumbled 73.33% — and 2023, when it soared 271.15%.
  • Mbia's Operating Expenses stood at $61.0 million in 2022, then jumped by 75.41% to $107.0 million in 2023, then slipped by 18.69% to $87.0 million in 2024, then slipped by 3.45% to $84.0 million in 2025, then slipped by 22.62% to $65.0 million in 2026.
  • The last three Operating Expenses figures came in at $65.0 million (Q1 2026), $84.0 million (Q4 2025), and $22.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Fidelity National Financial 12.87 Bn 10.21 Bn 2.62 Bn 2.73 Bn
2 Axis Capital Holdings 7.52 Bn 6.65 Bn - 1.34 Bn
3 First American Financial 6.80 Bn 3.91 Bn 1.24 Bn 1.68 Bn
4 Enact Holdings 6.01 Bn 5.46 Bn 205.74 Mn 98.69 Mn
5 Mgic Investment 5.57 Bn 5.32 Bn 202.12 Mn 90.25 Mn
6 Essent 5.47 Bn 5.47 Bn - 129.35 Mn
7 Radian 4.74 Bn 4.66 Bn 368.17 Mn 292.67 Mn
8 Ryan Specialty Holdings 4.62 Bn 5.05 Bn - 700.63 Mn
9 Assured Guaranty 3.42 Bn -495.48 Mn 216.00 Mn 227.00 Mn
10 Mbia 308.24 Mn 14.24 Mn - 65.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 65.00 Mn
Dec 31, 2025 84.00 Mn
Sep 30, 2025 22.00 Mn
Jun 30, 2025 79.00 Mn
Mar 31, 2025 76.00 Mn
Dec 31, 2024 87.00 Mn
Sep 30, 2024 80.00 Mn
Jun 30, 2024 216.00 Mn
Mar 31, 2024 100.00 Mn
Dec 31, 2023 107.00 Mn
Sep 30, 2023 193.00 Mn
Jun 30, 2023 106.00 Mn
Mar 31, 2023 85.00 Mn
Dec 31, 2022 61.00 Mn
Sep 30, 2022 52.00 Mn
Jun 30, 2022 76.00 Mn
Mar 31, 2022 113.00 Mn
Dec 31, 2021 182.00 Mn
Sep 30, 2021 195.00 Mn
Jun 30, 2021 79.00 Mn