NMI Holdings, Inc.

NMIH Nasdaq SEC CIK 1547903
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Financials

Reported figures only · latest: Q2 2026 USD · US GAAP
Revenue, last quarter $187.9M +8.1% vs same quarter last year
Net income $105.8M +10% vs same quarter last year
EPS, diluted $1.38 +14% vs same quarter last year
Operating cash flow $142.6M +11.1% vs same quarter last year
Revenue by quarter
$166.1M
$166.5M
$173.2M
$173.8M
$178.7M
$180.7M
$183.5M
$187.9M
Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income15 fiscal years
  • Revenue
  • Net income
−$200M$0$200M$400M$600M$800MFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearRevenueNet income
FY25$706.4M$388.9M
FY24$651M$360.1M
FY23$579M$322.1M
FY22$523.3M$292.9M
FY21$485.1M$231.1M
FY20$433.3M$171.6M
FY19$378.8M$172M
FY18$275M$107.9M
FY17$182.7M$22.1M
FY16$123.8M$64M
FY15$53.6M−$27.8M
FY14$19.2M−$48.9M
FY13$7.1M−$55.2M
FY12$284K−$27.5M
FY11-−$27.5M
MarginsShare of revenue
−10000%−7500%−5000%−2500%0%2500%FY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearNet margin
FY2555.1%
FY2455.3%
FY2355.6%
FY2256%
FY2147.6%
FY2039.6%
FY1945.4%
FY1839.2%
FY1712.1%
FY1651.7%
FY15−51.8%
FY14−254.4%
FY13−778.4%
FY12−9679.9%
FY11-
Free cash flowOperating cash flow minus capital expenditure
−$200M$0$200M$400M$600MFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearFree cash flow
FY25$412.5M
FY24$386.7M
FY23$333.3M
FY22$302.8M
FY21$313.5M
FY20$240.4M
FY19$198.2M
FY18$137.8M
FY17$59.3M
FY16$60.5M
FY15$35.3M
FY14−$29.2M
FY13−$43M
FY12−$17M
FY11-
Returned to shareholdersDividends paid and shares bought back
$0$50M$100M$150MFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearBuybacks
FY25$105.1M
FY24$97.6M
FY23$91.6M
FY22$56.6M
FY21$0
FY20$0
FY19-
FY18-
FY17-
FY16-
FY15-
FY14-
FY13-
FY12-
FY11-
Net margin vs the sectorMedian of Financials companies filing with the SEC
  • NMI
  • Financials median
−10000%−7500%−5000%−2500%0%2500%FY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearNMIFinancials median
FY2555.1%18.2%
FY2455.3%17.4%
FY2355.6%15.4%
FY2256%15.5%
FY2147.6%21.7%
FY2039.6%14.4%
FY1945.4%13.9%
FY1839.2%16.2%
FY1712.1%10.8%
FY1651.7%9.3%
FY15−51.8%7.7%
FY14−254.4%7.4%
FY13−778.4%9%
FY12−9679.9%5.6%
FY11-5.5%

News

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