Filing Flows › Mgic Investment (MTG) › Q3 2025
Mgic Investment (MTG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Mgic Investment (MTG) reported revenue of $305M for the third quarter 2025 (Q3 2025), -0.7% from a year earlier and +0.1% from the quarter before. Operating margin was 77.2%, net earnings $191M (62.8% of revenue).
Mgic Investment, Q3 2025: revenue $305M (-0.7% year over year), operating margin 77.2%, net earnings $191M, operating cash flow $215M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $305M | +0.1% | -0.7% |
| Operating profit | $235M | -4% | -8% |
| Net earnings | $191M | -0.7% | -4% |
| Operating cash flow | $215M | +18% | +18% |
| Free cash flow | $215M | +18% | +18% |
What changed
Revenue was $304.5M in Q3 2025, down 1% year over year and roughly flat from the previous quarter.
Operating profit was $235.1M, a 77.2% margin (down 5.7 points year over year). Total costs grew 33% against a revenue fall of 1%. Net earnings were $191.1M, down 4% year over year. The effective tax rate was 18.7%.
Operating cash flow was $215.4M (up 18% year over year), 113% of net earnings. Non-cash charges added back $900K of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items added $17.5M. Capital expenditures of $279K left free cash flow of $215.1M.
Questions
What was Mgic Investment's revenue in the third quarter 2025?
Mgic Investment (MTG) reported revenue of $305M for the third quarter 2025 (Q3 2025), -0.7% from a year earlier and +0.1% from the quarter before.
Was Mgic Investment profitable in the third quarter 2025?
Operating profit was $235M (77.2% of revenue) and net earnings $191M.
Source: Mgic Investment 10-Q on SEC EDGAR.