MBIA INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $80.0M | $42.0M | $7.0M | $154.0M | $189.0M | $282.0M | $280.0M | $162.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | $97.0M | $103.0M | $91.0M |
| Operating Income | $15.0M | $-233.0M | $-274.0M | $31.0M | $-282.0M | $-400.0M | $-156.0M | $-90.0M |
| Operating Margin | 18.8% | -554.8% | -3,914.3% | 20.1% | -149.2% | -141.8% | -55.7% | -55.6% |
| Interest Expense | $196.0M | $208.0M | $210.0M | $179.0M | $163.0M | $178.0M | $201.0M | $206.0M |
| Pretax Income | $-181.0M | $-441.0M | $-484.0M | $-148.0M | $-445.0M | $-578.0M | $-357.0M | $-296.0M |
| Income Tax Expense | $0 | $0 | $0 | $1.0M | $0 | $0 | $2.0M | $0 |
| Net Income | $-177.0M | $435.0M | $477.0M | $-195.0M | $-445.0M | $-578.0M | $-359.0M | $-296.0M |
| Net Margin | -221.3% | 1,035.7% | 6,814.3% | -126.6% | -235.4% | -205.0% | -128.2% | -182.7% |
| EPS (Basic) | $-3.58 | $-9.43 | $-10.18 | $-3.92 | $-8.99 | $-9.78 | $-4.43 | $-3.33 |
| EPS (Diluted) | $-3.58 | $-9.43 | $-10.18 | $-3.92 | $-8.99 | $-9.78 | $-4.43 | $-3.33 |
| Shares Outstanding (Basic) | 49.3M | 47.4M | 48.2M | 49.8M | 49.5M | 59.1M | 81.0M | 89.0M |
| Shares Outstanding (Diluted) | 49.3M | 47.4M | 48.2M | 49.8M | 49.5M | 59.1M | 81.0M | 89.0M |
| Dividends Per Share | — | — | $8.00 | — | — | — | — | — |