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MBIA Inc. (MBI) Financials

MBI
Trailing 12 months to June 30, 2026
Revenue $94.0M -8.7% YoY
Net Income -$142.0M -121.6% YoY
EPS (Diluted) -$2.89 +37.7% YoY
Operating Cash Flow $43.0M +124.2% YoY
Market Cap $230.6M as of Oct 10, 2026
Price / Sales 2.5x on $94.0M revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MBI SEC filings page.

MBIA Inc. (MBI) reported $94.0M in revenue over the twelve months to Jun 30, 2026, down 8.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MBI FY2025

Reported earnings are volatile, while liabilities remain larger than assets and cash conversion changes direction year to year.

The clearest earnings-quality signal is the mismatch between accounting results and operating cash: FY2024 paired net income of $435M with operating cash flow of -$176M. In FY2025, a net loss of $177M accompanied operating cash flow of $38M, suggesting reported earnings are heavily influenced by non-cash or balance-sheet movements rather than a stable cash-generating operation.

At FY2025, liabilities of $4.2B exceeded assets of $2.0B. Reported equity was negative at $2.2B, making this liability-heavy structure and balance-sheet capacity more informative than revenue-based margins.

Liabilities remained near $4.2B from FY2023 through FY2025, but assets fell from $2.6B to $2.0B. That combination weakened asset coverage of obligations, while FY2025 operating cash flow marked a cash-flow reversal rather than evidence that earnings had normalized.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

MBIA Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
4/6

MBIA Inc. passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
N/A

MBIA Inc. reported a net loss of $177.0M while generating $38.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue
$27.0M
YoY+17.4%
QoQ+12.5%

MBIA Inc. generated $27.0M in revenue in Q2 2026. This represents an increase of 17.4% from the same quarter a year earlier. Against the prior quarter it is up 12.5%.

Net Income
-$43.0M
YoY+23.2%
QoQ-7.5%

MBIA Inc. reported -$43.0M in net income in Q2 2026. This represents an increase of 23.2% from the same quarter a year earlier. Against the prior quarter it is down 7.5%.

EPS (Diluted)
-$0.91
YoY+18.8%
QoQ-13.7%

MBIA Inc. earned -$0.91 per diluted share (EPS) in Q2 2026. This represents an increase of 18.8% from the same quarter a year earlier. Against the prior quarter it is down 13.7%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$117.0M
YoY-29.9%
QoQ+62.5%
5Y CAGR-19.5%
10Y CAGR-15.2%

MBIA Inc. held $117.0M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
51M
YoY+1.0%
QoQ+0.2%
5Y CAGR-1.3%
10Y CAGR-9.3%

MBIA Inc. had 51M shares outstanding in Q2 2026. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$0
QoQ-100.0%

MBIA Inc. repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

MBI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MBI quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$27.0M+17.4%$24.0M+71.4%$28.0M-24.3%$15.0M-48.3%$23.0M$14.0M+7.7%$37.0M$29.0M+262.5%
Interest Expense$48.0M0.0%$47.0M-6.0%$48.0M-4.0%$50.0M-5.7%$48.0M-9.4%$50.0M-3.8%$50.0M$53.0M0.0%
Income Tax$0$0$0$0$0$0$0$0
Net Income-$43.0M+23.2%-$40.0M+35.5%-$51.0M-106.1%-$8.0M+85.7%-$56.0M+78.0%-$62.0M+27.9%$831.0M-$56.0M+69.7%
EPS (Basic)-$0.91+18.8%-$0.80+37.5%-$1.01+4.7%-$0.17+85.6%-$1.12+79.0%-$1.28+30.4%-$1.06+63.8%-$1.18+70.1%
EPS (Diluted)-$0.91+18.8%-$0.80+37.5%-$1.01+4.7%-$0.17+85.6%-$1.12+79.0%-$1.28+30.4%-$1.06+63.8%-$1.18+70.1%
Diluted Shares (Avg)50M+1.3%50M+3.0%N/A50M+4.0%50M+4.3%48M+3.3%N/A48M+1.4%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.

MBI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MBI quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$2.0B-7.3%$2.0B-7.2%$2.0B-7.1%$2.1B-7.6%$2.1B-7.4%$2.1B-14.3%$2.2B-16.8%$2.2B-25.4%
Cash & Equivalents$117.0M-29.9%$72.0M+14.3%$71.0M-18.4%$69.0M-6.8%$167.0M-15.7%$63.0M-54.3%$87.0M-19.4%$74.0M-1.3%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$4.3B0.0%$4.3B+0.3%$4.2B0.0%$4.2B+0.2%$4.3B+0.2%$4.2B+0.8%$4.2B-0.2%$4.2B0.0%
Total Equity-$2.3B-6.8%-$2.3B-7.4%-$2.2B-7.1%-$2.2B-8.9%-$2.2B-9.2%-$2.1B-22.7%-$2.1B-26.1%-$2.0B-61.5%
Retained Earnings-$1.9B-8.5%-$1.8B-9.4%-$1.8B-11.1%-$1.7B-11.5%-$1.7B-15.2%-$1.7B-34.4%-$1.6B-39.1%-$1.5B-53.1%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

MBI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MBI quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$4.0M-500.0%-$33.0M+23.3%-$10.0M-433.3%$90.0M+164.7%$1.0M+110.0%-$43.0M-43.3%$3.0M+250.0%-$139.0M-20.9%
Investing Cash Flow$50.0M-52.8%$37.0M+15.6%$59.0M+1080.0%-$172.0M-693.1%$106.0M-11.7%$32.0M-75.9%$5.0M-98.9%$29.0M+514.3%
Financing Cash Flow-$1.0M+66.7%-$3.0M+76.9%-$47.0M-1040.0%-$16.0M-14.3%-$3.0M+94.0%-$13.0M+82.2%$5.0M+101.2%-$14.0M+51.7%
Share Buybacks$0$1.0M-85.7%$0$0$0-100.0%$7.0M+250.0%$0-100.0%$0-100.0%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.

MBI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MBI quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin-159.3%-166.7%-182.1%-53.3%-243.5%-442.9%2245.9%-193.1%
Return on Assets-2.2%+0.5pp-2.0%+0.9pp-2.5%-40.9pp-0.4%+2.1pp-2.6%+8.4pp-2.9%+0.5pp38.3%-2.5%+3.7pp
Asset Turnover0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.020.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Return on Equity, Current Ratio, Debt-to-Equity, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Note: Shareholder equity is negative (-$2.2B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
MBIA Inc. MBI FY2025 $80.0M -$177.0M N/A $230.6M —
Ambac Financial Group, Inc. AMBC FY2025 $251.2M -$259.0M N/A $395.6M 21/100
Investors Title Co ITIC FY2025 $272.8M $35.2M 12.9% $560.6M 38/100
Tiptree Inc. TIPT FY2025 $488K $34.9M N/A $642.4M —
AMERISAFE, Inc. AMSF FY2025 $317.3M $47.1M 14.8% $452.5M 53/100
James River Group Holdings, Inc. JRVR FY2025 $687.6M $47.4M 6.9% $167.9M 16/100

Frequently Asked Questions

What is MBIA Inc.'s annual revenue?

MBIA Inc. (MBI) reported $80.0M in total revenue for fiscal year 2025. This represents a 90.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MBIA Inc.'s revenue growing?

MBIA Inc. (MBI) revenue grew by 90.5% year-over-year, from $42.0M to $80.0M in fiscal year 2025.

Is MBIA Inc. profitable?

No, MBIA Inc. (MBI) reported a net income of -$177.0M in fiscal year 2025.

MBIA Inc. (MBI) reported diluted earnings per share of -$3.58 for fiscal year 2025. This represents a 62.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MBIA Inc. (MBI) generated $38.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

MBIA Inc. (MBI) had $2.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, MBIA Inc. (MBI) spent $7.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

MBIA Inc. (MBI) had 51M shares outstanding as of fiscal year 2025.

MBIA Inc. (MBI) had a return on assets of -8.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

MBIA Inc. (MBI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $230.6M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

MBIA Inc. (MBI) trades at 2.5x sales, its market capitalization divided by revenue of $94.0M revenue, trailing 12 months to June 30, 2026. The market capitalization is $230.6M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

MBIA Inc. (MBI) has negative shareholder equity of -$2.2B as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

MBIA Inc. (MBI) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

MBIA Inc. (MBI) reported a net loss of $177.0M while generating $38.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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