Maiden Holdings North America, Ltd.
NYSE:MHNC · New York Stock Exchange
+$0.26 today
Vol 0.01M · Avg 0.00M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:MHNC · Revenue to Net Income
Key Ratios
Analysis
$41.6M of revenue converted into -$211.1M of net income for the selected period. Gross margin is 289.8% and net margin is 444.4%, showing how much revenue survives after costs and taxes. EPS is $-0.11, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2024 | FY2022 | FY2021 | FY2020 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.4M -2.9% | $58.1M -41.1% | $98.7M | $0 -100.0% | $1.6T | $720.0M | $832.0M | $641.6M |
| Cost of Revenue | $0 | $0 | $0 | $0 -100.0% | $5.0B | $1.0B | $1.1B | $1.5B |
| Gross Profit | $56.4M -2.9% | $58.1M -41.1% | $98.7M | $0 -100.0% | $1.6T | $6.5B | $5.1B | $3.8B |
| Gross Margin | 100.0% +0.0pp | 100.0% +0.0pp | 100.0% | — | 99.7% | 26.7% | 36.1% | 10.2% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $524.0M | $1.1B | $333.6M |
| Selling, General & Admin | $35.3M +14.2% | $30.9M -14.1% | $36.0M | $0 -100.0% | $53.9B | -$1.6B | $766.2M | $1.4B |
| Operating Expenses | $35.3M -70.2% | $118.5M +229.1% | $36.0M +324.6% | $8.5M -100.0% | $53.9B | -$16.0B | $3.7B | $5.4B |
| Depreciation & Amortization | $0 -100.0% | $228.5K -98.8% | $19.3M +122.4% | $8.7M -99.9% | $8.6B | $1.4B | $486.2M | $1.3B |
| EBITDA | $0 -100.0% | $75.5M +64.3% | $46.0M +429.3% | $8.7M -100.0% | $73.2B | $11.0B | $13.6B | $5.2B |
| EBITDA Margin | 0.0% -130.0pp | 130.0% +83.4pp | 46.6% | — | 4.5% | 42.7% | 38.4% | 34.1% |
| Operating Income | $21.1M -72.0% | $75.3M +182.5% | $26.7M +214.3% | $8.5M -100.0% | $1.6T | $9.1B | $10.8B | $12.4B |
| Operating Margin | 37.4% -92.2pp | 129.6% +102.6pp | 27.0% | — | 96.4% | 43.6% | 6.1% | 49.0% |
| Interest Income | -$201.6M -433.8% | $60.4M | $0 | $0 | $0 | $561.8M | $718.6M | $875.4M |
| Interest Expense | $19.3M -0.3% | $19.3M +0.0% | $19.3M | $0 -100.0% | $34.2B | $812.4M | $678.0M | $846.0M |
| Other Income / Expenses | -$221.0M -1043.3% | -$19.3M | $0 | $0 +100.0% | -$1.6T | -$1.6B | $1.1B | $984.6M |
| Income Before Tax | -$199.9M -457.1% | $56.0M +110.0% | $26.7M | $0 -100.0% | $30.5B | $14.0B | $12.7B | $14.4B |
| Pre-Tax Margin | -354.2% -450.5pp | 96.3% +69.3pp | 27.0% | — | 1.9% | 47.8% | 45.7% | 8.2% |
| Income Tax Expense | $1.1M +89.4% | $557.0K +3613.3% | $15.0K | $0 -100.0% | $1.9B | $1.5B | $678.0M | $969.2M |
| Net Income | -$201.0M -462.6% | $55.4M +108.0% | $26.6M | $0 -100.0% | $28.5B | $14.7B | $14.6B | $11.5B |
| Net Margin | -356.1% -451.5pp | 95.4% +68.4pp | 27.0% | — | 1.7% | 27.5% | 32.6% | 37.6% |
| EPS (Basic) | -$2 -414.1% | $1 +106.5% | $0 | $0 -100.0% | $0 | $1.3B | $546.4M | $1.2B |
| EPS (Diluted) | -$2 -414.1% | $1 +106.5% | $0 | $0 -100.0% | $0 | -$1.5B | -$1.7B | -$1.5B |
| Weighted Avg Shares | $99.9M +14.6% | $87.2M +0.7% | $86.5M +1.9% | $84.9M +17.7% | $72.2M | $735.4M | $903.4M | $1.1B |
| Weighted Avg Shares (Diluted) | $99.9M +14.6% | $87.2M +0.7% | $86.5M +1.9% | $84.9M +17.7% | $72.2M | $599.6M | $353.2M | -$1.5B |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector

Reinsurance Group of America, Incorporated
NYSE:RGA
$13.72B

Jackson Financial Inc.
NYSE:JXN
$7.40B

The Bank of N.T. Butterfield & Son Limited
NYSE:NTB
$2.32B

Qfin Holdings, Inc.
NASDAQ:QFIN
$2.01B

First Commonwealth Financial Corporation
NYSE:FCF
$1.98B

Tri-Continental Corporation
NYSE:TY
$1.86B

City Holding Company
NASDAQ:CHCO
$1.79B
Veritex Holdings, Inc.
VBTX
$1.66B

Perella Weinberg Partners
NASDAQ:PWP
$1.04B

Trupanion, Inc.
NASDAQ:TRUP
$1.03B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does MHNC generate?
Maiden Holdings North America, Ltd. (MHNC) reported $56.44M of revenue in fiscal 2024.
Is MHNC profitable?
Maiden Holdings North America, Ltd. (MHNC) reported -$200,969,000.00 of net income, with a net margin of -356.1%.
Explore More
Continue the stock analysis
Jump to another research area for this company.