NMI Holdings financials
$40.73−0.59%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $706.4M | $651.0M | $579.0M | $523.3M | $485.1M | $433.3M | $378.8M | $275.0M | $182.7M | $123.8M |
| Gross profit | $648.8M | $619.4M | $556.4M | $526.9M | $472.8M | $374.0M | $366.3M | $269.6M | $177.4M | $121.4M |
| Gross margin | 91.8% | 95.2% | 96.1% | 100.7% | 97.5% | 86.3% | 96.7% | 98.0% | 97.1% | 98.1% |
| Operating income | $528.9M | $501.0M | $445.7M | $409.4M | $331.0M | $242.4M | $239.6M | $152.6M | $71.0M | $28.2M |
| Net income | $388.9M | $360.1M | $322.1M | $292.9M | $231.1M | $171.6M | $172.0M | $107.9M | $22.1M | $64.0M |
| Net margin | 55.1% | 55.3% | 55.6% | 56.0% | 47.6% | 39.6% | 45.4% | 39.2% | 12.1% | 51.7% |
| Diluted EPS | $4.92 | $4.43 | $3.84 | $3.39 | $2.65 | $2.13 | $2.47 | $1.60 | $0.35 | $1.05 |
| EBITDA | $536.1M | $511.9M | $457.7M | $427.0M | $349.0M | $256.0M | $250.2M | $161.9M | $79.3M | $35.1M |
| Operating cash flow | $419.3M | $393.6M | $342.7M | $313.4M | $325.7M | $252.6M | $208.2M | $145.9M | $67.8M | $71.9M |
| Free cash flow | $412.5M | $386.7M | $333.3M | $302.8M | $313.5M | $240.4M | $198.2M | $137.8M | $59.3M | $60.5M |
| Diluted shares | 79.0M | 81.3M | 83.9M | 86.0M | 86.9M | 79.3M | 69.7M | 67.7M | 62.2M | 60.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $43.9M | $54.3M | $96.7M | $44.4M | $76.6M | $126.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $417.0M | $415.1M | $397.6M | $396.1M | $394.6M | $393.3M |
| Total assets | $3.84B | $3.35B | $2.94B | $2.52B | $2.45B | $2.17B |
| Total liabilities | $1.25B | $1.13B | $1.01B | $902.3M | $884.8M | $797.1M |
| Shareholders' equity | $2.59B | $2.22B | $1.93B | $1.61B | $1.57B | $1.37B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology