MBIA financials
$4.29−0.46%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $80.0M | $42.0M | $7.0M | $154.0M | $189.0M | $282.0M | $280.0M | $162.0M | $433.0M | $294.0M |
| Gross profit | $96.0M | -$146.0M | -$175.0M | $108.0M | -$167.0M | -$258.0M | $27.0M | $142.0M | -$273.0M | $34.0M |
| Gross margin | 120.0% | −347.6% | −2500.0% | 70.1% | −88.4% | −91.5% | 9.6% | 87.7% | −63.0% | 11.6% |
| Operating income | $16.0M | -$232.0M | -$273.0M | $32.0M | -$264.0M | -$350.0M | -$74.0M | $60.0M | -$389.0M | -$117.0M |
| Net income | -$177.0M | -$447.0M | -$491.0M | -$195.0M | -$445.0M | -$578.0M | -$359.0M | -$296.0M | -$1.60B | -$338.0M |
| Net margin | −221.3% | −1064.3% | −7014.3% | −126.6% | −235.4% | −205.0% | −128.2% | −182.7% | −370.7% | −115.0% |
| Diluted EPS | $-3.58 | $-9.43 | $-10.18 | $-3.92 | $-8.99 | $-9.78 | $-4.43 | $-3.33 | $-13.50 | $-2.54 |
| EBITDA | $16.0M | -$232.0M | -$273.0M | $32.0M | -$264.0M | -$350.0M | -$74.0M | $60.0M | -$389.0M | -$117.0M |
| Operating cash flow | $38.0M | -$176.0M | -$195.0M | -$418.0M | $511.0M | -$390.0M | -$368.0M | -$319.0M | -$652.0M | -$149.0M |
| Free cash flow | $38.0M | -$176.0M | -$195.0M | -$418.0M | $510.0M | — | — | -$320.0M | -$653.0M | -$150.0M |
| Diluted shares | 49.3M | 47.4M | 48.2M | 49.8M | 49.5M | 59.1M | 81.0M | 89.0M | 118.9M | 133.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $71.0M | $87.0M | $107.0M | $66.0M | $160.0M | $167.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $3.35B | $3.22B | $3.16B | $3.10B | $2.92B | $3.83B |
| Total assets | $2.01B | $2.17B | $2.61B | $3.38B | $4.70B | $5.75B |
| Total liabilities | $4.24B | $4.24B | $4.25B | $4.25B | $5.00B | $5.60B |
| Shareholders' equity | -$2.23B | -$2.08B | -$1.65B | -$876.0M | -$300.0M | $149.0M |
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