NMIH
NMI Holdings, Inc.
NASDAQ · Financial Services · Insurance - Specialty · US
$44.55
−1.85%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 730.5M | 705.6M | 651.0M | 579.0M | 524.5M |
| Cost of Revenue | 60.5M | 57.6M | 32.3M | 23.4M | (2.5M) |
| Gross Profit | 670.0M | 647.9M | 618.7M | 555.6M | 527.0M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — |
| General & Admin Expense | — | — | — | — | — |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 163.2M | 148.1M | 155.3M | 142.9M | 149.7M |
| Total Operating Expenses | 163.2M | 148.1M | 155.3M | 142.9M | 149.7M |
| Cost and Expenses | 223.8M | 205.8M | 187.6M | 166.3M | 147.2M |
| Operating Income (EBIT) | 506.7M | 499.8M | 463.4M | 412.7M | 377.3M |
| Non-Operating | |||||
| Interest Income | 900.0K | — | 5.0M | 2.3M | 400.0K |
| Interest Expense | 28.5M | 28.5M | 36.9M | 32.2M | 32.2M |
| Net Interest Income | (27.6M) | (28.5M) | (31.9M) | (29.9M) | (31.8M) |
| Other Non-Op Income/Expense | — | — | — | — | — |
| Non-Operating Income (excl Interest) | (28.5M) | (28.5M) | (36.9M) | (32.2M) | (32.2M) |
| EBT (Pre-Tax Income) | 506.7M | 499.8M | 463.4M | 412.7M | 377.3M |
| Income Tax Expense | 111.4M | 110.9M | 103.3M | 90.6M | 84.4M |
| Bottom Line | |||||
| Net Income | 395.3M | 388.9M | 360.1M | 322.1M | 292.9M |
| Earnings from Cont. Ops | 395.3M | 388.9M | 360.1M | 322.1M | 292.9M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 395.3M | 388.9M | 360.1M | 322.1M | 291.8M |
| Per Share | |||||
| Basic EPS | $5.17 | $5.01 | $4.51 | $3.91 | $3.45 |
| Diluted EPS | $5.08 | $4.92 | $4.43 | $3.84 | $3.39 |
| Revenue Per Share | $9.64 | $9.09 | $8.15 | $7.03 | $6.18 |
| Shares | |||||
| Basic Shares Outstanding | 75.8M | 77.6M | 79.8M | 82.4M | 84.9M |
| Diluted Shares Outstanding | 76.6M | 79.0M | 81.3M | 83.9M | 86.0M |
| Profitability Metrics | |||||
| EBITDA | 548.2M | 539.5M | 512.2M | 456.5M | 421.3M |
| D&A | 13.0M | 11.3M | 11.9M | 11.5M | 11.9M |
| EBIT | 535.2M | 528.3M | 500.3M | 444.9M | 409.5M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026