NODK
NI Holdings Inc
NASDAQ: NODK · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY
$12.88
-1.08% today
Updated 2026-04-30
Market cap
$265.95M
P/E ratio
—
P/S ratio
0.93x
EPS (TTM)
$-0.50
Dividend yield
—
52W range
$12 – $15
Volume
0.0M
NI Holdings Inc (NODK) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $137.71M | $145.72M | $163.75M | $189.14M | $212.37M | $270.78M | $306.36M | $323.97M | $267.78M | $304.02M | $325.20M | $285.05M |
| Revenue growth (YoY) | — | +5.8% | +12.4% | +15.5% | +12.3% | +27.5% | +13.1% | +5.8% | -17.3% | +13.5% | +7.0% | -12.3% |
| Cost of revenue | $105.83M | $102.50M | $138.93M | $122.79M | $115.08M | $167.18M | $219.94M | $280.95M | $295.36M | $254.15M | $278.72M | $200.79M |
| Gross profit | $31.89M | $43.22M | $24.82M | $66.35M | $97.29M | $103.60M | $86.41M | $43.02M | $-27.57M | $49.87M | $46.48M | $84.26M |
| Gross margin | 23.2% | 29.7% | 15.2% | 35.1% | 45.8% | 38.3% | 28.2% | 13.3% | -10.3% | 16.4% | 14.3% | 29.6% |
| R&D | — | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | $0.00 | $118.51M | $122.71M | $119.09M | $169.71M | $168.47M | $216.38M | $294.43M | — | — | — |
| Operating income | $20.21M | $25.87M | $6.12M | $22.01M | $39.16M | $33.81M | $52.82M | $11.31M | $-52.88M | $20.55M | $10.14M | $-12.33M |
| Operating margin | 14.7% | 17.8% | 3.7% | 11.6% | 18.4% | 12.5% | 17.2% | 3.5% | -19.7% | 6.8% | 3.1% | -4.3% |
| EBITDA | $20.63M | $26.45M | $6.62M | $22.55M | $43.16M | $36.06M | $58.75M | $12.47M | $-52.22M | $21.27M | $10.83M | $-11.54M |
| EBITDA margin | 15.0% | 18.1% | 4.0% | 11.9% | 20.3% | 13.3% | 19.2% | 3.8% | -19.5% | 7.0% | 3.3% | -4.0% |
| EBIT | $20.21M | $25.87M | $6.12M | $22.01M | $39.16M | $33.81M | $52.82M | $11.31M | $-52.88M | $20.55M | $10.14M | $-12.33M |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $87.17M | — | — | — |
| 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% |
| Net income | $13.77M | $17.46M | $4.55M | $15.99M | $31.08M | $26.40M | $40.39M | $8.42M | $-53.10M | $-5.48M | $-6.06M | $-10.41M |
| Net income growth (YoY) | — | +26.7% | -73.9% | +251.4% | +94.4% | -15.1% | +53.0% | -79.2% | -730.9% | +89.7% | -10.7% | -71.8% |
| Profit margin | 10.0% | 12.0% | 2.8% | 8.5% | 14.6% | 9.8% | 13.2% | 2.6% | -19.8% | -1.8% | -1.9% | -3.7% |