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| Date | Value |
|---|---|
| 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 |