Filing Flows › Essent Group (ESNT) › Q3 2025
Essent Group (ESNT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Essent Group (ESNT) reported revenue of $312M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -2% from the quarter before. Operating margin was 63.9%, net earnings $164M (52.7% of revenue).
Essent Group, Q3 2025: revenue $312M (-2% year over year), operating margin 63.9%, net earnings $164M, operating cash flow $216M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $312M | -2% | -1% |
| Operating profit | $199M | -14% | -4% |
| Net earnings | $164M | -16% | -7% |
| Operating cash flow | $216M | +14% | -6% |
| Free cash flow | $211M | +12% | -8% |
What changed
Revenue was $311.8M in Q3 2025, down 1% year over year and down 2% from the previous quarter.
Operating profit was $199.2M, a 63.9% margin (down 1.7 points year over year). Total costs grew 3% against a revenue fall of 1%. Net earnings were $164.2M, down 7% year over year. The effective tax rate was 17.5%.
Operating cash flow was $215.9M (down 6% year over year), 131% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $46.5M. Capital expenditures of $5.3M left free cash flow of $210.6M.
Questions
What was Essent Group's revenue in the third quarter 2025?
Essent Group (ESNT) reported revenue of $312M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -2% from the quarter before.
Was Essent Group profitable in the third quarter 2025?
Operating profit was $199M (63.9% of revenue) and net earnings $164M.
Source: Essent Group 10-Q on SEC EDGAR.