Filing Flows › Essent Group (ESNT) › Q4 2025
Essent Group (ESNT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Essent Group (ESNT) reported revenue of $312M for the fourth quarter 2025 (Q4 2025), -0.8% from a year earlier and +0.2% from the quarter before. Operating margin was 59.1%, net earnings $155M (49.6% of revenue).
Essent Group, Q4 2025: revenue $312M (-0.8% year over year), operating margin 59.1%, net earnings $155M, operating cash flow $229M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $312M | +0.2% | -0.8% |
| Operating profit | $185M | -7% | -5% |
| Net earnings | $155M | -6% | -8% |
| Operating cash flow | $229M | +6% | +1% |
| Free cash flow | $228M | +8% | +0.9% |
What changed
Revenue was $312.4M in Q4 2025, down 1% year over year and roughly flat from the previous quarter.
Operating profit was $184.5M, a 59.1% margin (down 2.8 points year over year). Total costs grew 6% against a revenue fall of 1%. Net earnings were $155.0M, down 8% year over year. The effective tax rate was 16.0%.
Operating cash flow was $229.1M (up 1% year over year), 148% 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 added $68.8M. Capital expenditures of $1.1M left free cash flow of $228.0M.
Questions
What was Essent Group's revenue in the fourth quarter 2025?
Essent Group (ESNT) reported revenue of $312M for the fourth quarter 2025 (Q4 2025), -0.8% from a year earlier and +0.2% from the quarter before.
Was Essent Group profitable in the fourth quarter 2025?
Operating profit was $185M (59.1% of revenue) and net earnings $155M.
Source: Essent Group 10-K on SEC EDGAR.