Filing Flows › Mbia (MBI) › Q1 2026
Mbia (MBI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Mbia (MBI) reported revenue of $24.0M for the first quarter 2026 (Q1 2026), +71% from a year earlier and -14% from the quarter before. Operating margin was -170.8%, net loss $42.0M (175.0% of revenue).
Mbia, Q1 2026: revenue $24.0M (+71% year over year), operating margin -170.8%, net loss $42.0M, operating cash flow −$33.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.0M | -14% | +71% |
| Operating profit | −$41.0M | — | — |
| Net earnings | −$42.0M | — | — |
| Operating cash flow | −$33.0M | — | — |
What changed
Revenue was $24.0M in Q1 2026, up 71% year over year and down 14% from the previous quarter.
Operating costs exceeded revenue by $41.0M, an operating margin of -170.8%. Total costs fell 14% while revenue rose 71%. The quarter ended with a net loss of $42.0M, narrower than the previous quarter's $57.0M loss. Minority interests bore $2.0M of it: to shareholders the quarter was a loss of $40.0M.
Operating cash flow was −$33.0M. Working capital and other items added $9.0M.
Questions
What was Mbia's revenue in the first quarter 2026?
Mbia (MBI) reported revenue of $24.0M for the first quarter 2026 (Q1 2026), +71% from a year earlier and -14% from the quarter before.
Was Mbia profitable in the first quarter 2026?
Operating loss was $41.0M (-170.8% of revenue) and net loss $42.0M.
Source: Mbia 10-Q on SEC EDGAR.