NMI Holdings, Inc. (NMIH) — Financial statements
Income statement, balance sheet, and cash flow for NMI Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 706↑8.4% | 651↑12.4% | 579↑10.4% | 524↑8.0% | 486 | |
| Cost of Revenue | 58↑78.7% | 32↑38.0% | 23↑1035.6% | -3↓116.9% | 15 | |
| Gross Profit | 648↑4.7% | 619↑11.4% | 556↑5.4% | 527↑11.9% | 471 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 148↓4.6% | 155↑8.7% | 143↓4.5% | 150↓14.0% | 174 | |
| Operating Expenses | 148↓4.6% | 155↑8.7% | 143↓4.5% | 150↓14.0% | 174 | |
| Total Costs & Expenses | 206↑9.7% | 188↑12.8% | 166↑13.0% | 147↓22.1% | 189 | |
| Operating Results | ||||||
| Operating Income | 500↑7.9% | 463↑12.3% | 413↑9.4% | 377↑27.2% | 297 | |
| Depreciation & Amortization | 0.00↓100.0% | 12↑3.4% | 12↓2.8% | 12↑5.7% | 11 | |
| EBITDA | 528↑3.1% | 512↑12.2% | 456↑8.3% | 421↑24.0% | 340 | |
| EBIT | 528↑5.6% | 500↑12.5% | 445↑8.7% | 409↑24.6% | 329 | |
| Interest & Other Income | ||||||
| Net Interest Income | -28↑10.7% | -32↓6.6% | -30↑5.8% | -32↑0.1% | -32 | |
| Interest Income | 0.00↓100.0% | 5↑117.4% | 2↑475.0% | 0.40 | 0.00 | |
| Interest Expense | 28↓22.8% | 37↑14.5% | 32↑0.2% | 32↑1.2% | 32 | |
| Non-Operating Income | -28↑22.8% | -37↓14.5% | -32↓0.2% | -32↓1.2% | -32 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 500↑7.9% | 463↑12.3% | 413↑9.4% | 377↑27.2% | 297 | |
| Income Tax Expense | 111↑7.3% | 103↑14.0% | 91↑7.3% | 84↑28.7% | 66 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 389↑8.0% | 360↑11.8% | 322↑10.0% | 293↑26.7% | 231 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 389↑8.0% | 360↑11.8% | 322↑10.0% | 293↑26.7% | 231 | |
| Bottom-Line Net Income | 389↑8.0% | 360↑11.8% | 322↑10.4% | 292↑26.6% | 231 | |
| EPS (Basic) | 5.01↑11.1% | 4.51↑15.3% | 3.91↑13.3% | 3.45↑27.8% | 2.70 | |
| EPS (Diluted) | 4.92↑11.1% | 4.43↑15.4% | 3.84↑13.3% | 3.39↑27.9% | 2.65 | |
| Weighted Average Shares | 78↓2.8% | 80↓3.1% | 82↓3.0% | 85↓0.8% | 86 | |
| Weighted Average Diluted Shares | 79↓2.7% | 81↓3.1% | 84↓2.5% | 86↓1.0% | 87 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.