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MBIA, Inc.

MBI Financial Insurance Specialty

MBIA, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $80.0 million, up 90.5% from fiscal 2024.

Revenue
+73.3%
EPS
−188.2%
Free cash flow
−181.1%
Total debt
+3.73%

Quarter to September 2026, against a year earlier

4.43 0.03 −0.67%
Market cap
$227.5M
P/E
0.0×
Fwd P/E
−1.2×
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 16.70%

Capital & Financial Ratios $m

Size
Market Cap 227.53
Revenue ttm 105.00
Net income ttm (165.00)
Free cash flow ttm (120.00)
Net debt Q (62.00)
Valuation
P/E 0.00
Forward P/E (1.23) (negative: loss-making)
Price / sales 2.16
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 0.53
Debt / equity Q 0.00
Interest coverage Q 0.12
Growth
Revenue growth Q +73.33% (above 0%: growing)
Operating income growth Q +185.71% (above 0%: growing)
EPS, this year −191.13% (below 0%: weak)
EPS, next year A +16.01% (at or above 15%: strong)
Revenue, next year A +36.38% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +54.95% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 28.23%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 104 87 71 62
Receivables 364 346 198 —
Inventory — — — —
Other — — — —
468 433 269 —
2023 2024 2025 Q'26
Payables 705 725 626 605
ST’ Debt — — — —
Other — — — —
705 725 626 605

Compound Annual Growth %

10y 5y 3y
Sales (21.08%) (22.27%) (19.61%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate −0.03 Actual −0.06

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.05 −0.24 Miss by 0.19
Q1 FY26 −0.11 −0.16 Miss by 0.05
Q2 FY26 −0.05 −0.14 Miss by 0.09
Q3 FY26 −0.03 −0.06 Miss by 0.03
Q4 FY26 −0.05 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.80) (0.91) (0.49) — —
’25 (1.28) (1.12) (0.17) (1.01) (3.58)
’24 (1.84) (5.34) (1.18) (1.07) (9.43)
’23 (1.86) (1.46) (3.94) (2.94) (10.18)
’22 (1.48) (0.72) (0.67) (1.05) (3.92)
’21 (2.16) (1.23) (2.49) (3.12) (8.99)
’20 (4.62) (1.69) (1.11) (1.64) (9.78)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 24 27 26 — —
’25 14 23 15 28 80
’24 13 (37) 29 37 42
’23 2 28 8 (31) 7
’22 40 40 17 57 154
’21 72 18 72 27 189
’20 (6) 114 71 103 282
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (33) (4) (73) — —
’25 (43) 1 90 (10) 38
’24 (30) (10) (139) 3 (176)
’23 (36) (42) (115) (2) (195)
’22 273 (41) (92) (558) (418)
’21 529 16 (186) 152 511
’20 (82) (7) (299) (2) (390)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (33) (4) (73) — —
’25 (43) 1 90 (10) 38
’24 (30) (10) (139) 3 (176)
’23 (36) (42) (115) (2) (195)
’22 273 (41) (92) (558) (418)
’21 529 16 (186) 151 510
’20 (82) (7) (299) (2) (390)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 294 433 162 280 282 189 154 7 42 80 105 (13.5%) 109 96 107 +10.0%
Gross margin, % 25.17 (57.74) 61.11 13.57 (87.94) (85.19) 75.32 (2,428.57) (338.10) 125.00 0.00 +99.8 pt
EBT (339) (661) (296) (357) (578) (445) (148) (484) (441) (181) (163) (6.7%)
EBT margin, % (115.31) (152.66) (182.72) (127.50) (204.96) (235.45) (96.10) (6,914.29) (1,050.00) (226.25) (155.24) (110.9) pt
Net income (338) (1,605) (296) (359) (578) (445) (203) (487) (444) (183) (165) (6.6%)
Per share, $
Per share, $ Revenue 2.21 3.64 1.82 3.46 4.77 3.82 3.09 0.15 0.89 1.62 2.09 (3.4%)
Earnings (2.54) (13.50) (3.33) (4.43) (9.78) (8.99) (3.92) (10.18) (9.43) (3.58) (3.21) +3.9%
Cash flow (1.12) (5.48) (3.58) (4.54) (6.60) 10.33 (8.39) (4.04) (3.71) 0.77 (2.39) n/m
Capex (0.01) (0.01) (0.01) 0.00 0.00 (0.02) 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow (1.13) (5.49) (3.59) (4.54) (6.60) 10.31 (8.39) (4.04) (3.71) 0.77 (2.39) n/m
Book value 24.35 11.98 12.72 10.36 2.52 (6.06) (17.59) (34.16) (43.76) (45.25) (47.39) n/m
Shares, m 133 119 89 81 59 49 50 48 47 49 50 (10.4%)
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S 4.97 2.07 4.89 2.69 1.38 4.13 4.07 38.58 7.30 4.41 2.16 7.4
P/B 0.45 0.63 0.70 0.90 2.61 0.00 0.00 0.00 0.00 0.00 0.00 0.5
EV/Sales 21.75 13.69 32.27 18.28 13.42 20.28 23.79 475.58 85.82 44.96 — 75.0
EV/FCF (42.35) (9.06) (16.28) (13.83) (9.65) 7.55 (8.70) (16.81) (20.14) 102.77 — (2.7)
Cash, $m
Cash, $m Operating cash flow (149) (652) (319) (368) (390) 511 (418) (195) (176) 38 (120) n/m
Capex (1) (1) (1) — — (1) — — — — (3) 0.0%
Free cash flow (150) (653) (320) (368) (390) 510 (418) (195) (176) 38 (120) n/m
Balance, $m
Balance, $m Working capital 667 974 791 779 835 495 (264) (237) (292) (357) (287) n/m
Net debt 4,935 5,029 4,435 4,364 3,395 3,052 3,037 3,059 3,298 3,418 (62) (4.0%)
Shareholders’ equity 3,239 1,425 1,132 839 149 (300) (876) (1,647) (2,076) (2,230) (2,382) n/m
Returns, %
Returns, % ROA (2.60) (15.87) (3.44) (4.67) (8.87) (8.52) (4.83) (16.42) (18.73) (8.66) 0.00 (6.1) pt
ROIC (0.89) (3.77) (0.03) (0.89) (6.17) (6.00) 0.93 (12.08) (11.87) 0.84 0.00 +1.7 pt
ROE (9.68) (68.83) (23.15) (36.43) (117.00) 589.40 33.16 38.92 24.01 8.41 0.00 +18.1 pt
People
People Employees 164 103 96 93 89 87 75 61 57 57 — (11.1%)
Revenue/emp, $m 1.79 4.20 1.69 3.01 3.17 2.17 2.05 0.11 0.74 1.40 — (2.7%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

MBIA, Inc. vs peers in Insurance Specialty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RDN Radian Group Inc. $4.9B 9.5× 8.8× +92.58% (above 0%: growing) −17.48% (below 0%: shrinking) +147.96% (above 0%: growing) 50.35% 30.09% Compare
NMIH NMI Holdings Inc $3.3B 8.5× 8.0× +8.12% (above 0%: growing) +13.82% (above 0%: growing) +10.69% (above 0%: growing) 93.00% 76.67% Compare
AGO Assured Guaranty Ltd. $3.2B 9.6× 11.1× −30.60% (below 0%: shrinking) −57.89% (below 0%: shrinking) −48.72% (below 0%: shrinking) 97.95% 42.05% Compare
EIG Employers Holdings Inc $826.5M 27.7× 13.0× −20.89% (below 0%: shrinking) n/m −142.36% (below 0%: shrinking) 8.35% 8.35% Compare
ITIC Investors Title Company $493.3M 12.2× 5.6× +17.45% (above 0%: growing) +19.05% (above 0%: growing) −18.47% (below 0%: shrinking) 55.58% 22.48% Compare
AMSF AMERISAFE, Inc. $376.8M 9.4× 9.6× −2.64% (below 0%: shrinking) −46.58% (below 0%: shrinking) −71.31% (below 0%: shrinking) 23.88% 11.27% Compare
OSG Octave Specialty Group, Inc. $231.6M — (loss-making) — (loss-making) +51.02% (above 0%: growing) n/m −576.08% (below 0%: shrinking) 76.26% (0.47%) Compare
MBI MBIA, Inc. $227.5M — (loss-making) — (loss-making) +73.33% (above 0%: growing) n/m −181.11% (below 0%: shrinking) 0.00% 0.00%
JRVR James River Group Holdings, Ltd. $185.0M 7.8× 5.5× −7.72% (below 0%: shrinking) +66.67% (above 0%: growing) −124.07% (below 0%: shrinking) 38.58% 9.26% Compare
Median of peers $659.9M 9.5× 8.8× +2.74% −1.83% −60.01% 52.97% 16.88%

All 15 Insurance Specialty stocks →

Pay and ownership Proxy statement filed 23 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 4.29m 3.94m 239.35
2024 3.90m 4.11m —
2023 17.14m 4.97m —
2022 4.01m (3.04m) —
2021 4.02m 23.15m —

Ownership

Directors and executive officers, together 11.27%
BlackRock Inc. 6.68%
William C. Fallon 5.55%
Fallon, William C., CEO. MBIA Inc. 5.18%
Wolf Hill Capital Management, L.P. 5.03%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

MBIA, Inc. (MBI) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript

29 Oct

Impact 3 · · Business Wire

14 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 3 ·
Impact 3 · · Moby transcript
Impact 3 ·

6 Aug

Impact 4 ·
Impact 3 ·

1 Jun

Impact 3 · · The Motley Fool transcript

11 May

Impact 4 · · MarketBeat

9 May

Impact 3 · · GuruFocus.com

7 May

Impact 4 · · Business Wire
Impact 3 · · Zacks

28 Feb

Impact 3 · · MarketBeat

27 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

26 Feb

Impact 4 · · Business Wire
Impact 3 · · ZacksZacksZacks
Impact 3 · · Associated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance

9 Jan

Impact 3 · · Zacks

7 Nov

Impact 4 · · GuruFocus.comGuruFocus.comGuruFocus.comAssociated Press FinanceZacksGuruFocus.comGuruFocus.com

6 Nov

Impact 3 · · Simply Wall St.

4 Nov

Impact 3 · · ZacksGuruFocus.com
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26 Aug

Impact 3 · · The Wall Street Journal

10 May

Impact 3 · · GuruFocus.com

8 May

Impact 3 · · Zacks
stockrow.com/MBI · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com