NMIH
NMI Holdings Inc
NASDAQ: NMIH · FINANCIAL SERVICES · INSURANCE - SPECIALTY
$41.12
-0.87% today
Updated 2026-04-29
Market cap
$3.13B
P/E ratio
8.36
P/S ratio
4.43x
EPS (TTM)
$4.92
Dividend yield
—
52W range
$35 – $43
Volume
0.4M
NMI Holdings Inc (NMIH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $284000.00 | $5.56M | $22.21M | $55.51M | $121.92M | $178.64M | $273.63M | $370.11M | $436.19M | $485.64M | $524.46M | $579.00M | $650.97M | $705.58M |
| Revenue growth (YoY) | — | — | +1857.7% | +299.4% | +150.0% | +119.6% | +46.5% | +53.2% | +35.3% | +17.9% | +11.3% | +8.0% | +10.4% | +12.4% | +8.4% |
| Cost of revenue | — | $23.94M | $1000.00 | $456000.00 | $650000.00 | $2.39M | $5.96M | $5.72M | $14.76M | $62.09M | $14.81M | $-2.50M | $23.39M | $32.27M | $57.65M |
| Gross profit | — | $284000.00 | $5.56M | $21.75M | $54.86M | $119.52M | $172.68M | $267.91M | $355.36M | $374.10M | $470.82M | $526.96M | $555.61M | $618.70M | $647.93M |
| Gross margin | — | 100.0% | 100.0% | 97.9% | 98.8% | 98.0% | 96.7% | 97.9% | 96.0% | 85.8% | 96.9% | 100.5% | 96.0% | 95.0% | 91.8% |
| R&D | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | $22.89M | $60.74M | $73.04M | $80.60M | $93.22M | $617000.00 | $270000.00 | $2.25M | $131.61M | $142.30M | $117.49M | — | — | — |
| Operating income | $-1.35M | $-27.49M | $-55.18M | $-51.29M | $-27.79M | $11.45M | $52.79M | $135.96M | $216.65M | $218.11M | $296.73M | $377.31M | $412.70M | $463.41M | $499.80M |
| Operating margin | — | -9679.9% | -992.5% | -231.0% | -50.1% | 9.4% | 29.6% | 49.7% | 58.5% | 50.0% | 61.1% | 71.9% | 71.3% | 71.2% | 70.8% |
| EBITDA | $-1.35M | $-25.86M | $-47.07M | $-43.21M | $-20.88M | $31.96M | $72.98M | $158.75M | $238.04M | $252.42M | $339.75M | $421.34M | $456.46M | $512.24M | $528.28M |
| EBITDA margin | — | -9105.7% | -846.5% | -194.6% | -37.6% | 26.2% | 40.9% | 58.0% | 64.3% | 57.9% | 70.0% | 80.3% | 78.8% | 78.7% | 74.9% |
| EBIT | — | $-25.86M | $-55.18M | $-51.29M | $-25.74M | $26.30M | $66.32M | $150.94M | $228.74M | $242.49M | $328.52M | $409.47M | $444.92M | $500.31M | — |
| Interest expense | $3729.00 | $1.63M | $0.00 | $0.00 | $2.06M | $14.85M | $13.53M | $14.98M | $12.09M | $24.39M | $31.80M | $32.16M | $32.21M | $36.90M | $28.48M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-1.35M | $-27.49M | $-55.18M | $-48.91M | $-27.79M | $64.00M | $22.05M | $107.93M | $171.96M | $171.57M | $231.13M | $292.90M | $322.11M | $360.11M | $388.93M |
| Net income growth (YoY) | — | -1938.1% | -100.7% | +11.4% | +43.2% | +330.3% | -65.5% | +389.5% | +59.3% | -0.2% | +34.7% | +26.7% | +10.0% | +11.8% | +8.0% |
| Profit margin | — | -9679.9% | -992.5% | -220.2% | -50.1% | 52.5% | 12.3% | 39.4% | 46.5% | 39.3% | 47.6% | 55.8% | 55.6% | 55.3% | 55.1% |