Filing Flows › Essent Group (ESNT) › Q1 2026
Essent Group (ESNT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Essent Group (ESNT) reported revenue of $336M for the first quarter 2026 (Q1 2026), +6% from a year earlier and +8% from the quarter before. Operating margin was 61.5%, net earnings $172M (51.1% of revenue).
Essent Group, Q1 2026: revenue $336M (+6% year over year), operating margin 61.5%, net earnings $172M, operating cash flow $192M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $336M | +8% | +6% |
| Operating profit | $207M | +12% | -0.1% |
| Net earnings | $172M | +11% | -2% |
| Operating cash flow | $192M | -16% | -13% |
| Free cash flow | $191M | -16% | -14% |
What changed
Revenue was $336.1M in Q1 2026, up 6% year over year and up 8% from the previous quarter.
Operating profit was $206.7M, a 61.5% margin (down 3.7 points year over year). Operating profit fell $274K even though revenue rose $18.5M versus Q1 2025, so costs grew faster than sales. Total costs grew 17% against revenue growth of 6%. Net earnings were $171.8M, down 2% year over year. The effective tax rate was 16.9%.
Operating cash flow was $192.0M (down 13% year over year), 112% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items added $11.7M. Capital expenditures of $818K left free cash flow of $191.2M.
Questions
What was Essent Group's revenue in the first quarter 2026?
Essent Group (ESNT) reported revenue of $336M for the first quarter 2026 (Q1 2026), +6% from a year earlier and +8% from the quarter before.
Was Essent Group profitable in the first quarter 2026?
Operating profit was $207M (61.5% of revenue) and net earnings $172M.
Source: Essent Group 10-Q on SEC EDGAR.