Mbia (MBI) Operating Expenses (2009 - 2026)
Mbia (MBI) posted Operating Expenses of $65.0 million for Q1 2026, down 22.62% on a QoQ basis from $84.0 million in Q4 2025, and down 14.47% year-over-year from $76.0 million in Q1 2025.
Mbia (MBI) Operating Expenses (2009 - 2026) Analysis & Trends
Mbia's Operating Expenses history runs 18 years deep, the most recent figure standing at $65.0 million for 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 was $65.0 million for Q1 2026 at Mbia, down from $84.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $216.0 million in Q2 2024 and bottomed at $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 slumped 73.33% — and 2023, when it soared 271.15%.
- Mbia's Operating Expenses stood at $61.0 million in 2022, then soared by 75.41% to $107.0 million in 2023, then declined by 18.69% to $87.0 million in 2024, then declined by 3.45% to $84.0 million in 2025, then declined by 22.62% to $65.0 million in 2026.
- Business Quant data shows MBI's Operating Expenses at $65.0 million in Q1 2026, $84.0 million in Q4 2025, and $22.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 13.08 Bn | 10.42 Bn | 3.16 Bn | 2.73 Bn |
| 2 | Axis Capital Holdings | 8.50 Bn | 7.97 Bn | 613.18 Mn | 1.34 Bn |
| 3 | First American Financial | 7.10 Bn | 4.22 Bn | 1.77 Bn | 1.83 Bn |
| 4 | Enact Holdings | 6.51 Bn | 5.96 Bn | 205.69 Mn | 98.69 Mn |
| 5 | Mgic Investment | 6.26 Bn | 6.23 Bn | 263.84 Mn | 90.25 Mn |
| 6 | Essent | 6.05 Bn | 6.05 Bn | 211.88 Mn | 129.35 Mn |
| 7 | Radian | 5.96 Bn | 5.91 Bn | 304.36 Mn | 2.23 Mn |
| 8 | Assured Guaranty | 3.78 Bn | 3.28 Bn | 65.00 Mn | 227.00 Mn |
| 9 | NMI Holdings | 3.17 Bn | 3.10 Bn | 134.15 Mn | 58.53 Mn |
| 10 | Mbia | 286.35 Mn | -7.65 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 |