Mbia Inc (MBI) Financial Statements
Industry: Surety Insurance
In fiscal 2025, Mbia reported revenue of $80.0M, up 90.5% from $42.0M the year before. Net income was -$177.0M (a -221.2% net margin), or -$3.58 per diluted share. Gross margin was 100.0% and operating margin was 100.0%. Operating activities generated $38.0M of cash. At fiscal year end, Mbia held $2.01B in total assets against $4.24B in total liabilities.
Open the full interactive Mbia financials → Quarterly statements, key ratios, valuation history and price charts.
Mbia Key Stats
| Share Price | $4.50 |
|---|---|
| Market Cap | $225.9M |
| Revenue YoY Growth | +90.5% |
| 52-Week Range | $4.26 – $7.72 |
| Shares Outstanding | 50.2 million (basic, 2026 Q2) |
Mbia Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $282.0M | $189.0M | $154.0M | $7.0M | $42.0M | $80.0M |
| Cost of Goods Sold | — | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | — | $189.0M | $154.0M | $7.0M | $42.0M | $80.0M |
| Operating Income | — | $189.0M | $154.0M | $7.0M | $42.0M | $80.0M |
| Pre-Tax Income | -$578.0M | -$445.0M | -$148.0M | -$484.0M | -$441.0M | -$181.0M |
| Income Tax | $0 | $0 | $1.0M | $0 | $0 | $0 |
| Net Income | -$578.0M | -$445.0M | -$195.0M | -$491.0M | -$447.0M | -$177.0M |
| Diluted EPS | -$9.78 | -$8.99 | -$3.92 | -$10.18 | -$9.43 | -$3.58 |
Mbia Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $15.0M | $28.0M | $24.0M | $27.0M |
| Net Income | -$8.0M | -$51.0M | -$40.0M | -$46.0M |
| Diluted EPS | -$0.17 | -$1.03 | -$0.80 | -$0.91 |
Mbia Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $167.0M | $160.0M | — | — | — | — |
| Total Assets | $5.75B | $4.70B | $3.38B | $2.61B | $2.17B | $2.01B |
| Total Liabilities | $5.60B | $5.00B | $4.25B | $4.25B | $4.24B | $4.24B |
| Shareholders' Equity | $136.0M | -$313.0M | -$882.0M | -$1.66B | -$2.09B | -$2.24B |
Mbia Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$390.0M | $511.0M | -$418.0M | -$195.0M | -$176.0M | $38.0M |
| Cash From Investing | $1.74B | -$61.0M | $623.0M | $767.0M | $287.0M | $25.0M |
| Cash From Financing | -$1.26B | -$457.0M | -$285.0M | -$542.0M | -$132.0M | -$79.0M |
| Free Cash Flow | -$390.0M | $510.0M | -$418.0M | -$195.0M | — | — |
| Dividends Paid | — | — | — | $409.0M | $0 | $0 |
Figures from Mbia's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mbia financials page for every line item.
Mbia Company Profile
| Ticker | MBI |
|---|---|
| Exchange | NYSE |
| Industry | Surety Insurance |
| Headquarters | Purchase, New York |
| Incorporated in | Connecticut |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000814585 |
Frequently Asked Questions
What was Mbia's revenue in fiscal 2025?
Mbia (MBI) reported revenue of $80.0M for fiscal 2025.
What is Mbia's annual revenue history?
Mbia's annual revenue by fiscal year: 2020: $282.0M; 2021: $189.0M; 2022: $154.0M; 2023: $7.0M; 2024: $42.0M; 2025: $80.0M.
What was Mbia's net income in fiscal 2025?
Mbia reported net income of -$177.0M for fiscal 2025.
What was Mbia's earnings per share (EPS) in fiscal 2025?
Mbia's diluted EPS was -$3.58 for fiscal 2025 (adjusted for any later stock splits).
What was Mbia's revenue last quarter?
In its most recent reported quarter (2026 Q2), Mbia reported revenue of $27.0M.
How many shares of Mbia are outstanding?
Mbia reported a weighted average of 50.2 million basic shares outstanding in 2026 Q2.
What is Mbia's market cap?
Based on its latest closing price, Mbia (MBI) has a market capitalization of about $225.9M.
When does Mbia's fiscal year end?
Mbia's fiscal year end, as registered with the SEC, is December 31.
Where is Mbia headquartered?
Mbia lists its business address in Purchase, New York in its SEC filings.