Filing Flows › Mbia (MBI) › Q4 2025
Mbia (MBI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Mbia (MBI) reported revenue of $28.0M for the fourth quarter 2025 (Q4 2025), -24% from a year earlier and +87% from the quarter before. Operating margin was -200.0%, net loss $57.0M (203.6% of revenue).
Mbia, Q4 2025: revenue $28.0M (-24% year over year), operating margin -200.0%, net loss $57.0M, operating cash flow −$10.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.0M | +87% | -24% |
| Operating profit | −$56.0M | — | — |
| Net earnings | −$57.0M | — | — |
| Operating cash flow | −$10.0M | -111% | — |
What changed
Revenue was $28.0M in Q4 2025, down 24% year over year and up 87% from the previous quarter.
Operating costs exceeded revenue by $56.0M, an operating margin of -200.0%. Total costs fell 3% while revenue fell 24%. The quarter ended with a net loss of $57.0M, wider than the previous quarter's $8.0M loss. Minority interests bore $6.0M of it: to shareholders the quarter was a loss of $51.0M.
Operating cash flow was −$10.0M. Working capital and other items added $47.0M.
Questions
What was Mbia's revenue in the fourth quarter 2025?
Mbia (MBI) reported revenue of $28.0M for the fourth quarter 2025 (Q4 2025), -24% from a year earlier and +87% from the quarter before.
Was Mbia profitable in the fourth quarter 2025?
Operating loss was $56.0M (-200.0% of revenue) and net loss $57.0M.
Source: Mbia 10-K on SEC EDGAR.