Filing Flows › Essent Group (ESNT) › Q2 2025
Essent Group (ESNT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Essent Group (ESNT) reported revenue of $319M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +0.5% from the quarter before. Operating margin was 72.4%, net earnings $195M (61.2% of revenue).
Essent Group, Q2 2025: revenue $319M (+2% year over year), operating margin 72.4%, net earnings $195M, operating cash flow $190M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $319M | +0.5% | +2% |
| Operating profit | $231M | +12% | -3% |
| Net earnings | $195M | +11% | -4% |
| Operating cash flow | $190M | -14% | +0.4% |
| Free cash flow | $189M | -15% | +0.6% |
What changed
Revenue was $319.1M in Q2 2025, up 2% year over year and roughly flat from the previous quarter.
Operating profit was $231.2M, a 72.4% margin (down 4.0 points year over year). Operating profit fell $8.1M even though revenue rose $6.2M versus a year earlier, so costs grew faster than sales. Total costs grew 19% against revenue growth of 2%. Net earnings were $195.3M, down 4% year over year. The effective tax rate was 15.5%.
Operating cash flow was $189.5M (roughly flat year over year), 97% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $11.1M. Capital expenditures of $742K left free cash flow of $188.8M.
Questions
What was Essent Group's revenue in the second quarter 2025?
Essent Group (ESNT) reported revenue of $319M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +0.5% from the quarter before.
Was Essent Group profitable in the second quarter 2025?
Operating profit was $231M (72.4% of revenue) and net earnings $195M.
Source: Essent Group 10-Q on SEC EDGAR.