Filing Flows › Enact Holdings (ACT) › Q2 2025
Enact Holdings (ACT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Enact Holdings (ACT) reported revenue of $305M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -0.6% from the quarter before. Operating margin was 70.4%, net earnings $168M (55.0% of revenue).
Enact Holdings, Q2 2025: revenue $305M (+2% year over year), operating margin 70.4%, net earnings $168M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $305M | -0.6% | +2% |
| Operating profit | $215M | +1% | -9% |
| Net earnings | $168M | +1% | -9% |
| Operating cash flow | $120M | -47% | -17% |
What changed
Revenue was $304.9M in Q2 2025, up 2% year over year and down 1% from the previous quarter.
Operating profit was $214.5M, a 70.4% margin (down 8.2 points year over year). Operating profit fell $20.3M even though revenue rose $6.1M versus a year earlier, so costs grew faster than sales. Total costs grew 41% against revenue growth of 2%. Net earnings were $167.8M, down 9% year over year. The effective tax rate was 21.8%.
Operating cash flow was $119.5M (down 17% year over year), 71% of net earnings. Non-cash charges added back $4.2M of share-based compensation. Working capital and other items used $52.5M.
Questions
What was Enact Holdings' revenue in the second quarter 2025?
Enact Holdings (ACT) reported revenue of $305M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -0.6% from the quarter before.
Was Enact Holdings profitable in the second quarter 2025?
Operating profit was $215M (70.4% of revenue) and net earnings $168M.
Source: Enact Holdings 10-Q on SEC EDGAR.