Filing Flows › Mgic Investment (MTG) › Q2 2025
Mgic Investment (MTG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Mgic Investment (MTG) reported revenue of $304M for the second quarter 2025 (Q2 2025), -0.3% from a year earlier and -0.6% from the quarter before. Operating margin was 80.9%, net earnings $192M (63.3% of revenue).
Mgic Investment, Q2 2025: revenue $304M (-0.3% year over year), operating margin 80.9%, net earnings $192M, operating cash flow $183M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $304M | -0.6% | -0.3% |
| Operating profit | $246M | +5% | -5% |
| Net earnings | $192M | +4% | -6% |
| Operating cash flow | $183M | -18% | +8% |
| Free cash flow | $183M | -18% | +8% |
What changed
Revenue was $304.2M in Q2 2025, roughly flat year over year and down 1% from the previous quarter.
Operating profit was $246.1M, a 80.9% margin (down 4.2 points year over year). Total costs grew 28% against flat revenue. Net earnings were $192.5M, down 6% year over year. The effective tax rate was 21.8%.
Operating cash flow was $183.0M (up 8% year over year), 95% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $16.8M. Capital expenditures of $20K left free cash flow of $183.0M.
Questions
What was Mgic Investment's revenue in the second quarter 2025?
Mgic Investment (MTG) reported revenue of $304M for the second quarter 2025 (Q2 2025), -0.3% from a year earlier and -0.6% from the quarter before.
Was Mgic Investment profitable in the second quarter 2025?
Operating profit was $246M (80.9% of revenue) and net earnings $192M.
Source: Mgic Investment 10-Q on SEC EDGAR.