Filing Flows › Enact Holdings (ACT) › Q3 2025
Enact Holdings (ACT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Enact Holdings (ACT) reported revenue of $311M for the third quarter 2025 (Q3 2025), +0.6% from a year earlier and +2% from the quarter before. Operating margin was 67.4%, net earnings $163M (52.5% of revenue).
Enact Holdings, Q3 2025: revenue $311M (+0.6% year over year), operating margin 67.4%, net earnings $163M, operating cash flow $192M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $311M | +2% | +0.6% |
| Operating profit | $210M | -2% | -9% |
| Net earnings | $163M | -3% | -10% |
| Operating cash flow | $192M | +61% | +2% |
What changed
Revenue was $311.5M in Q3 2025, up 1% year over year and up 2% from the previous quarter.
Operating profit was $209.8M, a 67.4% margin (down 6.7 points year over year). Operating profit fell $19.6M even though revenue rose $1.9M versus a year earlier, so costs grew faster than sales. Total costs grew 27% against revenue growth of 1%. Net earnings were $163.5M, down 10% year over year. The effective tax rate was 22.1%.
Operating cash flow was $192.0M (up 2% year over year), 117% of net earnings. Non-cash charges added back $4.5M of share-based compensation. Working capital and other items added $24.0M.
Questions
What was Enact Holdings' revenue in the third quarter 2025?
Enact Holdings (ACT) reported revenue of $311M for the third quarter 2025 (Q3 2025), +0.6% from a year earlier and +2% from the quarter before.
Was Enact Holdings profitable in the third quarter 2025?
Operating profit was $210M (67.4% of revenue) and net earnings $163M.
Source: Enact Holdings 10-Q on SEC EDGAR.