Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data MBIA INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
480
433
317
280
282
189
154
7
42
80
Selling, general and administrative
177
129
91
103
97
Interest expense
197
197
206
201
178
163
179
210
208
196
Pre-tax income
-339
-661
-296
-357
-578
-445
-148
-484
-441
-181
Income tax
-1
944
0
2
0
0
1
0
0
0
Income from continuing operations
-578
-445
-149
-484
-441
-181
Net income to minority interests
0
0
-8
4
3
-6
Net income
-338
-1,605
-296
-359
-578
-445
-195
477
435
-177
EPS, basic
-2.54
-13.50
-3.33
-4.43
-9.78
-8.99
-3.92
-10.18
-9.43
-3.58
EPS, diluted
-2.54
-13.50
-3.33
-4.43
-9.78
-8.99
-3.92
-10.18
-9.43
-3.58
Shares, basic (weighted)
133
119
89
81
59.1
49.5
49.8
48.2
47.4
49.3
Shares, diluted (weighted)
133
119
89
81
59.1
49.5
49.8
48.2
47.4
49.3
Dividend per share
8.00
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
187
146
280
83
167
160
78
108
87
71
Lease right-of-use assets
21
17
15
1
2
Total assets
11,137
9,095
8,107
7,284
5,751
4,696
3,375
2,606
2,168
2,013
Long-term debt
1,986
2,121
2,249
2,228
Lease liabilities
21
17
15
2
Total liabilities
7,898
7,670
6,975
6,445
5,602
4,996
4,251
4,253
4,244
4,243
Total debt
1,986
1,513
1,513
2,228
Paid-in capital
3,160
3,171
3,025
2,999
2,962
2,931
2,925
2,515
2,492
2,450
Retained earnings
2,700
1,095
966
607
-13
-458
-653
-1,144
-1,591
-1,768
Treasury stock
-2,789
-3,118
-3,000
-3,061
-3,211
-3,169
-3,154
-3,172
-3,145
-3,107
Other comprehensive income
-128
-19
-156
-2
115
100
-283
-139
-128
-95
Shareholders' equity
3,227
1,413
1,119
826
136
-313
-882
-1,657
-2,089
-2,237
Total equity
3,239
1,425
1,132
839
149
-300
-876
-1,647
-2,076
-2,230
Total liabilities and equity
11,137
9,095
8,107
7,284
5,751
4,696
3,375
2,606
2,168
2,013
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-338
-1,605
-296
-359
-578
-445
-203
-487
-444
-183
Stock-based compensation
0
Deferred income tax
-5
940
0
13
12
0
0
Cash from operations
-149
-652
-319
-368
-390
511
-418
-195
-176
38
Capital expenditures
-1
-1
-1
0
0
-1
0
0
Purchases of investments
-2,140
-1,133
-1,163
-1,009
-366
-210
-411
Sales and maturities of investments
680
568
329
857
724
626
411
214
207
204
Cash from investing
2,424
1,202
1,206
1,267
1,738
-61
623
767
287
25
Debt issued
325
Debt repaid
0
0
-7
Share buybacks
-110
-330
-44
-106
-200
-1
-3
-38
-4
-7
Dividends paid
0
0
-409
0
0
Cash from financing
-2,535
-589
-752
-1,096
-1,265
-457
-285
-542
-132
-79
Exchange rate effect
1
0
-2
0
0
Net change in cash
-262
-41
134
-197
84
-7
-82
30
-21
-16
Free cash flow
-150
-653
-320
-368
-390
510
-418
-195
Interest paid
148
177
146
180
84
61
43
64
53
49
Income taxes paid
5
4
1
-11
-13
0
1
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.39 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
-156.4%
Pre-tax income / revenue.
Net margin
-154.3%
Net income / revenue.
Operating cash flow margin
45.7%
Cash from operations / revenue.
Return on assets (ROA)
-7.3%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
90.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-19.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-22.3%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y
-140.7%
Net income vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-7.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-15.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-18.9%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
3.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-0.4%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-3.6%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.87
Revenue / diluted weighted shares.
Operating cash flow per share
$0.86
Cash from operations / diluted weighted shares.
Book value per share
-$46.34
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
2.38x
Market cap / revenue.
P/OCF
5.21x
Market cap / cash from operations, when positive.
EV/Sales
1.14x
Enterprise value / revenue.
Earnings yield
-64.7%
Net income / market cap (the inverse of P/E).
Shareholder yield
0.4%
(Dividends paid + share buybacks) / market cap.
What was MBIA INC's revenue in fiscal 2025?
MBIA INC reported revenue of $80.0M for fiscal 2025, 90.5% higher than the year before.
Was MBIA INC profitable in fiscal 2025?
No. It reported a net loss of $177.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.