MBIA financials
$4.29−0.46%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.0M | $24.0M | $28.0M | $15.0M | $23.0M | $14.0M | $37.0M | $29.0M | -$37.0M | $13.0M | — | $8.0M |
| Gross profit | $17.0M | $26.0M | $13.0M | $64.0M | $14.0M | $5.0M | $23.0M | $17.0M | -$180.0M | -$6.0M | $0.00 | -$116.0M |
| Gross margin | 63.0% | 108.3% | 46.4% | 426.7% | 60.9% | 35.7% | 62.2% | 58.6% | 486.5% | −46.2% | — | −1450.0% |
| Operating income | $6.0M | $6.0M | -$8.0M | $43.0M | -$7.0M | -$12.0M | $0.00 | $2.0M | -$200.0M | -$35.0M | — | -$132.0M |
| Net income | -$46.0M | -$40.0M | -$51.0M | -$8.0M | -$56.0M | -$62.0M | -$51.0M | -$56.0M | -$254.0M | -$86.0M | — | -$185.0M |
| Net margin | −170.4% | −166.7% | −182.1% | −53.3% | −243.5% | −442.9% | −137.8% | −193.1% | 686.5% | −661.5% | — | −2312.5% |
| Diluted EPS | $-0.91 | $-0.80 | $-1.03 | $-0.17 | $-1.12 | $-1.28 | $-1.07 | $-1.18 | $-5.34 | $-1.84 | — | $-3.94 |
| EBITDA | $6.0M | $6.0M | -$8.0M | $43.0M | -$7.0M | -$12.0M | $0.00 | $2.0M | -$200.0M | -$35.0M | $0.00 | -$132.0M |
| Operating cash flow | -$4.0M | -$33.0M | -$10.0M | $90.0M | $1.0M | -$43.0M | $3.0M | -$139.0M | -$10.0M | -$30.0M | -$2.0M | -$115.0M |
| Free cash flow | -$4.0M | -$33.0M | -$10.0M | $90.0M | $1.0M | -$43.0M | $3.0M | -$139.0M | -$10.0M | -$30.0M | -$2.0M | -$115.0M |
| Diluted shares | 50.2M | 49.8M | 49.6M | 49.6M | 49.5M | 48.4M | 47.8M | 47.7M | 47.5M | 46.8M | 46.8M | 47.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $117.0M | $72.0M | $71.0M | $69.0M | $167.0M | $63.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $3.42B | $3.38B | $3.35B | $3.35B | $3.30B | $3.26B |
| Total assets | $1.98B | $1.98B | $2.01B | $2.06B | $2.13B | $2.13B |
| Total liabilities | $4.30B | $4.26B | $4.24B | $4.23B | $4.30B | $4.25B |
| Shareholders' equity | -$2.32B | -$2.28B | -$2.23B | -$2.17B | -$2.17B | -$2.11B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology