15 years of revenue, profit, cash flow and balance-sheet history through FY2024,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 37.2% per year over the past 5 years.
Free cash flow has grown 46.4% per year over the past 5 years.
Financial health
Total debt ($255M) exceeds cash ($26M); net debt is $229M.
Total debt has grown faster than revenue (-0.0% vs -37.2% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2024
$56M
-$201M
0.0%
0.0%
—
$255M
$26M
2023
$89M
-$39M
0.0%
0.0%
—
$255M
$35M
2022
$58M
-$60M
0.0%
0.0%
—
$256M
$31M
2021
$99M
$27M
0.0%
0.0%
—
$255M
$27M
2020
$184M
$42M
0.0%
0.0%
—
$255M
$74M
2019
$576M
-$132M
0.0%
0.0%
—
$255M
$48M
2018
$2.2B
-$545M
0.0%
0.0%
—
$255M
$201M
2017
$2.1B
-$170M
0.0%
0.0%
—
$254M
$54M
2016
$2.1B
$49M
0.0%
0.0%
—
$351M
$41M
2015
$2.6B
$124M
0.0%
0.0%
—
$350M
$90M
2014
$2.4B
$101M
0.0%
0.0%
—
—
$108M
2013
$2.1B
$103M
0.0%
0.0%
—
—
$140M
2012
$1.9B
$50M
0.0%
0.0%
$319M
—
$82M
2011
$1.6B
$29M
0.0%
0.0%
$180M
—
$188M
2010
$1.2B
$70M
0.0%
0.0%
$149M
—
$96M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '25
$14M
-$9M
0.0%
0.0%
—
$255M
$29M
Dec '24
-$7M
-$158M
0.0%
0.0%
—
$255M
$26M
Sep '24
$14M
-$34M
0.0%
0.0%
—
$255M
$110M
Jun '24
$20M
-$10M
0.0%
0.0%
—
$255M
$25M
Mar '24
$29M
$1M
0.0%
0.0%
—
$255M
$21M
Dec '23
$25M
-$21M
0.0%
0.0%
—
$255M
$35M
Sep '23
$22M
-$4M
0.0%
0.0%
—
$255M
$18M
Jun '23
$23M
-$3M
0.0%
0.0%
—
$255M
$17M
Mar '23
$19M
-$11M
0.0%
0.0%
—
$255M
$24M
Dec '22
$10M
-$51M
0.0%
0.0%
—
$256M
$31M
Sep '22
$18M
-$8M
0.0%
0.0%
—
$256M
$24M
Jun '22
$21M
$1M
0.0%
0.0%
—
$255M
$38M
Mar '22
$10M
-$2M
0.0%
0.0%
—
$255M
$37M
Dec '21
$25M
$12M
0.0%
0.0%
—
$255M
$27M
Sep '21
$22M
-$3M
0.0%
0.0%
—
$255M
$29M
Jun '21
$22M
$8M
0.0%
0.0%
—
$255M
$42M
Mar '21
$30M
$9M
0.0%
0.0%
—
$255M
$78M
Dec '20
$40M
$10M
0.0%
0.0%
—
$255M
$74M
Sep '20
$41M
$2M
0.0%
0.0%
—
$255M
$92M
Jun '20
$45M
$9M
0.0%
0.0%
—
$255M
$57M
Valuation over time
How the market has priced MHNC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 28.9× (Mar '23) to 21.7× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is MHNC growing its revenue and profit?
Over the past 5 years, Maiden Holdings, Ltd.'s revenue has declined 37.2% per year. These are computed facts, not advice.
How much debt does MHNC have?
As of FY2024, Maiden Holdings, Ltd. reported $255M of total debt against $26M of cash.
What is MHNC's profit margin?
In FY2024, gross margin was —, operating margin —, and net margin -356.1%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.