MBI Q2 2023 Earnings — MBIA Inc. Revenue & Financial Results | Market Cap Arena

MBIMBIA Inc.

$320M

Q2 2023 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$28M-22.2% YoY

Gross Profit

-$1M-3.6% margin

Operating Income

-$78M-278.6% margin

Net Income

-$75M-267.9% margin

EPS (Diluted)

$-1.53

QoQ Revenue Growth

+1300.0%

Cash Flow

Operating Cash Flow

-$42M

Free Cash Flow

-$42M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$4.2B

Stockholders' Equity

-$1.0B

Cash & Equivalents

$215M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$28M	$36M	-22.2%
Gross Profit	-$1M	$15M	-106.7%
Operating Income	-$78M	-$36M	-116.7%
Net Income	-$75M	-$36M	-108.3%

Revenue Segments

Corporate Operations

$31M54%

U S Public Finance Insurance

$26M46%