NI Holdings financials
$14.90−0.07%
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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $285.1M | $325.2M | $304.0M | $267.8M | $324.0M | $306.4M | $270.8M | $212.4M | $189.1M |
| Gross profit | $24.3M | $46.5M | $49.9M | -$27.6M | $43.0M | $137.9M | $101.1M | $93.3M | $66.4M |
| Gross margin | 8.5% | 14.3% | 16.4% | −10.3% | 13.3% | 45.0% | 37.3% | 43.9% | 35.1% |
| Operating income | -$12.3M | $12.8M | $20.5M | -$52.9M | $11.3M | $52.8M | $33.8M | $39.2M | $22.0M |
| Net income | -$10.4M | -$6.1M | -$5.5M | -$53.1M | $8.4M | $40.4M | $26.4M | $31.1M | $16.0M |
| Net margin | −3.7% | −1.9% | −1.8% | −19.8% | 2.6% | 13.2% | 9.8% | 14.6% | 8.5% |
| Diluted EPS | $-0.50 | $-0.29 | $-0.26 | $-2.49 | $0.39 | $1.84 | $1.19 | $1.39 | $0.71 |
| EBITDA | $48.9M | $85.3M | $89.8M | $2.8M | $79.1M | $105.0M | $81.7M | $72.7M | $51.6M |
| Operating cash flow | -$15.3M | $38.5M | $51.0M | -$15.3M | $29.2M | $51.0M | $25.7M | $21.0M | $18.4M |
| Free cash flow | -$15.5M | $37.5M | $50.4M | -$16.2M | $28.4M | $50.4M | $24.4M | $19.4M | $17.1M |
| Diluted shares | 21.0M | 21.1M | 21.2M | 21.3M | 21.7M | 21.9M | 22.3M | 22.4M | 22.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $51.7M | $50.9M | $41.0M | $47.0M | $70.6M | $101.1M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $506.0M | $526.5M | $654.9M | $614.2M | $651.8M | $617.6M |
| Total liabilities | $265.7M | $281.9M | $404.5M | $361.0M | $304.4M | $268.7M |
| Shareholders' equity | $240.3M | $244.6M | $250.4M | $253.2M | $347.4M | $348.9M |
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