NMI Holdings, Inc. (NMIH) quarterly income statement — complete revenue, gross profit & net income history
NMI Holdings, Inc. (NMIH) annual income statement — 14-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 187.89M | 183.47M | 180.47M | 178.68M | 173.78M | 173.25M | 166.5M | 166.09M | 162.12M | 156.25M | 151.38M | 148.16M | 142.69M | 136.78M | 133.11M | 130.58M | 133.24M | 127.53M | 125.18M | 124.04M |
| Revenue Growth % | 8.12% | 5.9% | 8.39% | 7.58% | 7.19% | 10.88% | 9.99% | 12.1% | 13.62% | 14.24% | 13.73% | 13.46% | 7.09% | 7.25% | 6.33% | 5.27% | 9.73% | 10.91% | 15.35% | 15.55% |
| Medical Costs & Claims | 20.66M | 20.66M | 21.17M | 18.72M | 13.55M | 4.59M | 17.44M | 10.53M | 470K | 3.83M | 8.42M | 5.05M | 3.14M | 6.78M | 3.58M | -3.19M | -2.7M | -189K | 149K | 3.99M |
| Medical Cost Ratio % | 11% | 11.26% | 11.73% | 10.47% | 7.8% | 2.65% | 10.47% | 6.34% | 0.29% | 2.45% | 5.56% | 3.41% | 2.2% | 4.96% | 2.69% | -2.44% | -2.03% | -0.15% | 0.12% | 3.22% |
| Gross Profit | -162.81M | 162.81M | 159.3M | 159.96M | 160.22M | 168.65M | 149.07M | 155.56M | 161.65M | 152.42M | 142.96M | 143.11M | 139.54M | 130M | 129.53M | 133.77M | 135.94M | 127.72M | 125.03M | 120.05M |
| Gross Margin % | -86.65% | 88.74% | 88.27% | 89.53% | 92.2% | 97.35% | 89.53% | 93.66% | 99.71% | 97.55% | 94.44% | 96.59% | 97.8% | 95.04% | 97.31% | 102.44% | 102.03% | 100.15% | 99.88% | 96.78% |
| Gross Profit Growth % | -201.62% | -3.46% | 6.87% | 2.83% | -0.88% | 10.65% | 4.27% | 8.7% | 15.84% | 17.25% | 10.37% | 6.98% | 2.65% | 1.78% | 3.59% | 11.43% | 16.89% | 16.71% | 19.63% | 31.75% |
| Operating Expenses | 61.08B | 37.87M | 38.15M | 36.28M | 36.62M | 37.28M | 38.19M | 36.24M | 43.01M | 37.85M | 37.78M | 35.81M | 35.5M | 33.83M | 34.75M | 35.18M | 38.75M | 40.98M | 46.87M | 42.6M |
| OpEx / Revenue % | 32506.68% | 20.64% | 21.14% | 20.3% | 21.07% | 21.52% | 22.94% | 21.82% | 26.53% | 24.23% | 24.96% | 24.17% | 24.88% | 24.73% | 26.1% | 26.94% | 29.08% | 32.13% | 37.44% | 34.34% |
| Depreciation & Amortization | -2.48M | 2.48M | 2.7M | 2.84M | 2.84M | 2.89M | 2.97M | 2.98M | 2.99M | 3M | 3.02M | 2.87M | 2.84M | 2.8M | 2.89M | 2.93M | 2.95M | 3.09M | 2.98M | 2.91M |
| Combined Ratio % | 32517.68% | 31.9% | 32.87% | 30.78% | 28.87% | 24.17% | 33.41% | 28.16% | 26.82% | 26.68% | 30.52% | 27.58% | 27.08% | 29.69% | 28.79% | 24.5% | 27.06% | 31.98% | 37.56% | 37.56% |
| Operating Income | -124.94M | 124.94M | 121.15M | 123.68M | 123.6M | 131.37M | 110.87M | 119.33M | 118.64M | 114.57M | 105.18M | 107.3M | 104.05M | 96.17M | 94.78M | 98.59M | 97.19M | 86.75M | 78.16M | 77.45M |
| Operating Margin % | -66.5% | 68.1% | 67.13% | 69.22% | 71.13% | 75.83% | 66.59% | 71.84% | 73.18% | 73.32% | 69.48% | 72.42% | 72.92% | 70.31% | 71.21% | 75.5% | 72.94% | 68.02% | 62.44% | 62.44% |
| Operating Income Growth % | -201.09% | -4.89% | 9.27% | 3.65% | 4.18% | 14.67% | 5.41% | 11.21% | 14.03% | 19.13% | 10.97% | 8.84% | 7.06% | 10.87% | 21.26% | 27.29% | 31.95% | 28.6% | 26.86% | 56.92% |
| EBITDA | -127.42M | 127.42M | 123.84M | 126.52M | 126.44M | 134.26M | 113.84M | 122.31M | 121.64M | 117.56M | 108.21M | 110.17M | 106.89M | 98.97M | 97.67M | 101.52M | 100.14M | 89.84M | 81.14M | 80.36M |
| EBITDA Margin % | -67.82% | 69.45% | 68.62% | 70.81% | 72.76% | 77.5% | 68.37% | 73.64% | 75.03% | 75.24% | 71.48% | 74.36% | 74.92% | 72.36% | 73.38% | 77.75% | 75.16% | 70.44% | 64.82% | 64.78% |
| Interest Expense | 14.22B | 7.11M | 7.13M | 7.12M | 7.12M | 7.11M | 7.1M | 7.08M | 14.68M | 8.04M | 8.07M | 8.06M | 8.05M | 8.04M | 8.04M | 8.04M | 8.05M | 8.04M | 8.03M | 7.93M |
| Non-Operating Income | 7.11M | -7.11M | -7.13M | -7.12M | -7.12M | -7.11M | -7.1M | -7.08M | -14.68M | -8.04M | -8.07M | -8.06M | -8.05M | -8.04M | -8.04M | -8.04M | -8.05M | -8.04M | -8.03M | -7.93M |
| Pretax Income | 261.76B | 124.94M | 121.15M | 123.68M | 123.6M | 131.37M | 110.87M | 119.33M | 118.64M | 114.57M | 105.18M | 107.3M | 104.05M | 96.17M | 94.78M | 98.59M | 97.19M | 86.75M | 78.16M | 77.45M |
| Pretax Margin % | 139316.97% | 68.1% | 67.13% | 69.22% | 71.13% | 75.83% | 66.59% | 71.84% | 73.18% | 73.32% | 69.48% | 72.42% | 72.92% | 70.31% | 71.21% | 75.5% | 72.94% | 68.02% | 62.44% | 62.44% |
| Income Tax | 31.16M | 25.61M | 26.93M | 27.68M | 27.45M | 28.81M | 24.71M | 26.52M | 26.57M | 25.52M | 21.77M | 23.34M | 23.77M | 21.71M | 21.84M | 21.75M | 21.75M | 19.07M | 17.64M | 17.26M |
| Effective Tax Rate % | 0.01% | 20.5% | 22.23% | 22.38% | 22.21% | 21.93% | 22.28% | 22.22% | 22.39% | 22.27% | 20.7% | 21.76% | 22.84% | 22.58% | 23.04% | 22.06% | 22.37% | 21.98% | 22.57% | 22.28% |
| Net Income | 105.79M | 99.33M | 94.22M | 96M | 96.15M | 102.56M | 86.17M | 92.81M | 92.08M | 89.05M | 83.41M | 83.95M | 80.28M | 74.46M | 72.94M | 76.84M | 75.44M | 67.68M | 60.52M | 60.19M |
| Net Margin % | 56.3% | 54.14% | 52.21% | 53.73% | 55.33% | 59.2% | 51.75% | 55.88% | 56.8% | 56.99% | 55.1% | 56.67% | 56.27% | 54.44% | 54.8% | 58.84% | 56.62% | 53.07% | 48.35% | 48.53% |
| Net Income Growth % | 10.02% | -3.15% | 9.34% | 3.44% | 4.42% | 15.17% | 3.3% | 10.55% | 14.69% | 19.6% | 14.36% | 9.26% | 6.42% | 10.01% | 20.51% | 27.65% | 31.16% | 27.96% | 25.39% | 57.66% |
| EPS (Diluted) | 1.38 | 1.28 | 1.20 | 1.22 | 1.21 | 1.28 | 1.07 | 1.15 | 1.13 | 1.08 | 1.01 | 1.00 | 0.95 | 0.88 | 0.86 | 0.90 | 0.86 | 0.77 | 0.69 | 0.69 |
| EPS Growth % | 14.05% | 0% | 12.15% | 6.09% | 7.08% | 18.52% | 5.94% | 15% | 18.95% | 22.73% | 17.44% | 11.11% | 10.47% | 14.29% | 24.64% | 30.43% | 32.31% | 26.23% | 23.21% | 53.33% |
| EPS (Basic) | 1.40 | 1.30 | 1.23 | 1.24 | 1.23 | 1.31 | 1.09 | 1.17 | 1.15 | 1.10 | 1.03 | 1.02 | 0.97 | 0.89 | 0.87 | 0.91 | 0.88 | 0.79 | 0.71 | 0.70 |
| Diluted Shares Outstanding | 77.01M | 77.44M | 78.21M | 78.83M | 79.26M | 79.86M | 80.62M | 81.05M | 81.3M | 82.1M | 82.69M | 83.67M | 84.19M | 84.84M | 84.81M | 85.48M | 86.58M | 87.31M | 87.12M | 86.88M |