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Mbia (MBI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Mbia (MBI) Q3 2026 earnings results →
Q3 2026 Revenue up 73% year over year to $26.0M · 88¢ of every $1 of revenue lost · operating margin -88.5%
Mbia made $26.0M in Q3 2026 (+73% Y/Y). Operating margin -88.5%, net loss $23.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $26.0M in Q3 2026, up 73% year over year and down 4% from the previous quarter.
Operating costs exceeded revenue by $23.0M, an operating margin of -88.5%. Total costs grew 123% against revenue growth of 73%. The quarter ended with a net loss of $23.0M, narrower than the previous quarter's $43.0M loss.
Operating cash flow was −$73.0M. Working capital and other items used $50.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $26.0M | +73% | -88.5% | −$23.0M | −$73.0M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $27.0M | +17% | -159.3% | −$43.0M | −$4.0M |
| Q1 2026 | 10-Q | May 7, 2026 | $24.0M | +71% | -170.8% | −$42.0M | −$33.0M |
| Q4 2025 | 10-K | Feb 26, 2026 | $28.0M | -24% | -200.0% | −$57.0M | −$10.0M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $15.0M | -48% | -46.7% | −$8.0M | $90.0M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $23.0M | — | -243.5% | −$56.0M | $1.0M |
| Q1 2025 | 10-Q | May 8, 2025 | $14.0M | +8% | -442.9% | −$62.0M | −$43.0M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Mbia
The executive officers of the Company and their present ages and positions with the Company as of February 26, 2026 are set forth below: William C. Fallon was elected as a Director of the Company in May 2017, and appointed as Chief Executive Officer in September 15, 2017. Prior to being named Chief Executive Officer and Director, Mr. Fallon served as President, Chief Operating Officer, and Vice President of the Company and head of the Global Structured Finance Division. Mr. Fallon also serves as President and Chief Executive Officer of National. From July of 2005 to March 1, 2007, Mr. Fallon was Vice President of the Company and head of Corporate and Strategic Planning. Prior to joining the Company in 2005, Mr. Fallon was a partner at McKinsey & Company and co-leader of that firm’s Corporate Finance and Strategy Practice.
In its own words, from its 10-K, filed Feb 26, 2026.
Mbia against its Surety Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +73% against the peers' median +20%. Operating margin: -88.5% against the peers' median 40.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MBI Mbia | Q3 2026 | $26.0M | +73% | -88.5% |
| ORI Old Republic International | Q3 2026 | $2.6B | +5% | 10.7% |
| RDN Radian Group | Q3 2026 | $624M | +106% | 36.6% |
| ESNT Essent Group | Q3 2026 | $374M | +20% | 53.2% |
| MTG Mgic Investment | Q3 2026 | $299M | -2% | 74.0% |
| AGO Assured Guaranty | Q3 2026 | $214M | +3% | 40.7% |
| NMIH NMI Holdings | Q3 2026 | $188M | +5% | 64.1% |
| OSG Octave Specialty Group | Q2 2026 | $83.0M | +51% | -14.1% |
Source: Mbia 10-Q on SEC EDGAR · CIK 814585 · Surety Insurance
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More on MBI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results