Filing Flows › Essent Group (ESNT) › Q1 2025
Essent Group (ESNT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Essent Group (ESNT) reported revenue of $318M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.8% from the quarter before. Operating margin was 65.2%, net earnings $175M (55.2% of revenue).
Essent Group, Q1 2025: revenue $318M (+6% year over year), operating margin 65.2%, net earnings $175M, operating cash flow $222M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $318M | +0.8% | +6% |
| Operating profit | $207M | +6% | -3% |
| Net earnings | $175M | +4% | -3% |
| Operating cash flow | $222M | -2% | +2% |
| Free cash flow | $221M | -2% | +4% |
What changed
Revenue was $317.6M in Q1 2025, up 6% year over year and up 1% from the previous quarter.
Operating profit was $207.0M, a 65.2% margin (down 6.5 points year over year). Operating profit fell $6.7M even though revenue rose $19.2M versus a year earlier, so costs grew faster than sales. Total costs grew 31% against revenue growth of 6%. Net earnings were $175.4M, down 3% year over year. The effective tax rate was 15.2%.
Operating cash flow was $221.6M (up 2% year over year), 126% of net earnings. Non-cash charges added back $1.4M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items added $35.8M. Capital expenditures of $221K left free cash flow of $221.3M.
Questions
What was Essent Group's revenue in the first quarter 2025?
Essent Group (ESNT) reported revenue of $318M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.8% from the quarter before.
Was Essent Group profitable in the first quarter 2025?
Operating profit was $207M (65.2% of revenue) and net earnings $175M.
Source: Essent Group 10-Q on SEC EDGAR.