Mbia (MBI) Operating Expenses (2009 - 2026)
Mbia's (MBI) quarterly Operating Expenses came in at $65.0 million in Q1 2026, down 14.47% YoY from $76.0 million in Q1 2025, and down 22.62% on a QoQ basis from $84.0 million in Q4 2025.
Mbia (MBI) Operating Expenses (2009 - 2026) Analysis & Trends
Mbia (MBI) has 18 years of Operating Expenses data on file, last reported at $65.0 million in Q1 2026.
- Quarterly Operating Expenses fell 14.47% year-over-year to $65.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $250.0 million (down 45.53% YoY) and the FY2025 annual result came in at $261.0 million, down 45.96% from the prior year.
- Operating Expenses declined to $65.0 million in Q1 2026, from $84.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $216.0 million in Q2 2024 to a low of $22.0 million in Q3 2025.
- A 5-year average of $94.2 million and a median of $84.0 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses tumbled 73.33% — and 2023, when it soared 271.15%.
- Tracing MBI's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.70 Bn | 8.13 Bn | 3.59 Bn | 3.71 Bn |
| 2 | First American Financial | 7.39 Bn | 4.27 Bn | 1.77 Bn | 1.83 Bn |
| 3 | Axis Capital Holdings | 7.29 Bn | 6.51 Bn | 819.78 Mn | 1.44 Bn |
| 4 | Enact Holdings | 6.92 Bn | 6.42 Bn | 284.04 Mn | 97.34 Mn |
| 5 | Mgic Investment | 6.52 Bn | 6.30 Bn | 284.40 Mn | 65.46 Mn |
| 6 | Essent | 6.24 Bn | 6.24 Bn | 313.73 Mn | 132.37 Mn |
| 7 | Ryan Specialty Holdings | 5.43 Bn | 5.29 Bn | - | 736.33 Mn |
| 8 | Radian | 4.98 Bn | 4.23 Bn | 380.01 Mn | 424.24 Mn |
| 9 | NMI Holdings | 3.47 Bn | 3.39 Bn | 157.40 Mn | 50.95 Mn |
| 10 | Mbia | 246.48 Mn | -101.52 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 70.00 Mn |
| 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 |