MBI

MKT CAP:$310M

MBIA Inc.

Market Cap

$310M

Financial Services·Insurance - Specialty·🇺🇸 United States·NYSE

Financials·Insurance·🇺🇸·NYSE

Stock Price

$5.93-$0.99 (-14.31%)

Apr 21, 2026

Company Details

MBIA Inc. provides financial guarantee insurance services to public finance markets. It operates through United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financia...

CEO

William Charles Fallon

IPO Date

Jul 1, 1987

Website

www.mbia.com

Key Metrics TTM

Revenue

$74M

-53.5% YoY

Net Income

-$359M

EPS (Diluted)

-$7.52

Free Cash Flow

-$296M

Revenue / Share

$1.49

Gross Margin

-108.1%

Operating Margin

-478.4%

Net Margin

-485.1%

FCF Margin

-400.0%

P/S

4.2x

P/E

—

Earnings Reports

Q3 2025

May 14, 2026

PENDING

FY 2025

Feb 26, 2026

$80MEPS -$3.59

Q2 2025

Aug 6, 2025

$23MEPS -$1.13

Q1 2025

May 8, 2025

$14MEPS -$1.28

Q3 2024

Nov 7, 2024

$29M+262.5%EPS -$1.17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 18	$102M	$47M	-$45M
Q4 18	-$28M	$83M	-$9M
Q4 19	$28M	-$127M	-$220M
Q2 20	$114M	-$25M	-$106M
Q3 20	$71M	$21M	-$58M
Q4 20	$103M	-$3M	-$81M
Q1 21	$72M	-$28M	-$106M
Q2 21	$4M	-$8M	-$61M
Q3 21	$56M	-$69M	-$123M
Q4 21	$27M	-$92M	-$155M
Q1 22	$40M	-$11M	-$73M
Q2 22	$36M	$15M	-$36M
Q3 23	$8M	-$116M	-$185M
Q3 24	$29M	$17M	-$51M
Q1 25	$14M	$5M	-$62M
Q2 25	$23M	$14M	-$56M

Valuation

Quarter	P/S	P/E
Q3 18	2.3x	—
Q4 18	4.8x	—
Q4 19	6.2x	—
Q2 20	2.1x	—
Q3 20	1.8x	—
Q4 20	1.1x	—
Q1 21	1.3x	—
Q2 21	2.2x	—
Q3 21	2.4x	—
Q4 21	4.6x	—
Q1 22	6.0x	—
Q2 22	4.1x	—
Q3 23	3.2x	—
Q3 24	1.5x	—
Q1 25	2.8x	—
Q2 25	2.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 18	$4M	$245M
Q4 19	$47M	$47M
Q1 20	-$82M	-$82M
Q2 20	-$7M	-$7M
Q3 20	-$299M	-$299M
Q4 20	-$2M	-$2M
Q1 21	$529M	$529M
Q2 21	$16M	$16M
Q3 21	-$186M	-$186M
Q4 21	$152M	$151M
Q1 22	$273M	$273M
Q2 22	-$41M	-$41M
Q3 23	-$115M	-$115M
Q3 24	-$139M	-$139M
Q1 25	-$43M	-$43M
Q2 25	$1M	$1M

Capital Expenditures

Quarter	CapEx
Q4 18	$241M
Q4 19	$0
Q1 20	$0
Q2 20	$0
Q3 20	$0
Q4 20	$0
Q1 21	$0
Q2 21	$0
Q3 21	$0
Q4 21	$1M
Q1 22	$0
Q2 22	$0
Q3 23	$0
Q3 24	$0
Q1 25	$0
Q2 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	+218.8%	-51.8%
Q4 18	-112.1%	-106.6%
Q4 19	-61.6%	+46.7%
Q2 20	+850.0%	+39.2%
Q3 20	-30.4%	-12.2%
Q4 20	+467.9%	+1068.4%
Q1 21	+157.1%	-28.2%
Q2 21	-96.5%	-70.5%
Q3 21	-21.1%	+38.8%
Q4 21	-73.8%	-1.1%
Q1 22	-44.4%	-36.5%
Q2 22	+800.0%	+10.8%
Q3 23	-85.7%	+7.8%
Q3 24	+7.4%	-56.0%
Q1 25	-65.0%	-32.7%
Q2 25	-36.1%	+9.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 18	$6M	—
Q4 19	$0	0.0%
Q1 20	$0	—
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$11M	10.7%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$12M	44.4%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 23	$0	0.0%
Q3 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q3 18	$21M
Q4 18	$17M
Q4 19	$27M
Q2 20	$23M
Q3 20	$22M
Q4 20	$27M
Q1 21	$28M
Q2 21	$22M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$151M	$3.1B	$3.3B
Q2 22	$207M	$2.6B	$2.9B
Q3 22	$111M	$2.6B	$2.7B
Q4 22	$66M	$2.2B	$2.2B
Q1 23	$83M	$2.3B	$2.4B
Q2 23	$215M	$2.1B	$2.3B
Q3 23	$74M	$2.0B	$2.1B
Q4 23	$107M	$0	$107M
Q1 24	$137M	$442M	$579M
Q2 24	$197M	$1.4B	$1.6B
Q3 24	$74M	$1.5B	$1.5B
Q4 24	$87M	$1.4B	$1.5B
Q1 25	$63M	$1.4B	$1.5B
Q2 25	$167M	$1.3B	$1.5B
Q3 25	$69M	$1.5B	$1.6B
Q4 25	$69M	$1.0B	$1.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 18	89M	+0.4%	-27.2%
Q4 18	89M	-0.7%	+0.8%
Q4 19	76M	-14.8%	-14.1%
Q2 20	63M	-17.3%	-29.8%
Q3 20	53M	-16.0%	-41.2%
Q4 20	49M	-6.5%	-44.6%
Q1 21	49M	+0.2%	-34.9%
Q2 21	49M	+0.5%	-21.0%
Q3 21	50M	+0.1%	-5.8%
Q4 21	50M	+0.1%	+0.8%
Q1 22	50M	+0.1%	+0.8%
Q2 22	50M	+0.4%	+0.7%
Q3 23	47M	-5.7%	-5.1%
Q3 24	48M	+1.4%	-3.9%
Q1 25	48M	+1.4%	-2.6%
Q2 25	50M	+2.5%	-0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 18	$990.3K	103
Q4 18	-$291.7K	96
Q4 19	$301.1K	93
Q2 20	$1M	93
Q3 20	$763.4K	93
Q4 20	$1M	89
Q1 21	$809.0K	89
Q2 21	$44.9K	89
Q3 21	$629.2K	89
Q4 21	$310.3K	87
Q1 22	$459.8K	87
Q2 22	$413.8K	87
Q3 23	$106.7K	75
Q3 24	$475.4K	61
Q1 25	$245.6K	57
Q2 25	$403.5K	57

Revenue / Employee