Nuveen Dynamic Municipal Opportunities Fund
NYSE: NDMO · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-04
Nuveen Dynamic Municipal Opportunities Fund (NDMO) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2020 | $-121814.00 | $-218008.00 | 100.00% | 178.97% | 178.97% |
| 2021 | $90.82M | $90.34M | 100.00% | 99.46% | 99.46% |
| 2022 | $-257.19M | $-257.73M | 100.00% | 100.21% | 100.21% |
| 2023 | $15.48M | $15.02M | 100.00% | 97.04% | 97.04% |
| 2024 | $122.44M | $121.45M | 100.00% | 99.19% | 99.19% |
| 2025 | $25.24M | $14.84M | 61.02% | 58.80% | 58.80% |
Frequently asked questions
How profitable is NDMO?
In its most recent fiscal year, NDMO ran a gross margin of 61.02%, an operating margin of 58.80%, and a net margin of 58.80%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does NDMO generate?
NDMO produced $224.81M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is NDMO's balance sheet healthy?
NDMO holds $4.07M in cash and equivalents against — in long-term debt, on $631.88M of shareholder equity. That debt is best read against the cash flow the business throws off each year.