NI Holdings, Inc. (NODK) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NODK Revenue Growth
NODK Revenue Analysis (2014–2025)
As of May 8, 2026, NI Holdings, Inc. (NODK) generated trailing twelve-month (TTM) revenue of $298.0 million, reflecting significant decline in growth of -14.0% year-over-year. The most recent quarter (Q3 2025) recorded $76.6 million in revenue, up 0.7% sequentially.
Looking at the longer-term picture, NODK's historical revenue data shows various trends over time. The company achieved its highest annual revenue of $325.2 million in 2024.
When compared to Financial Services sector peers including ACGL (+14.3% YoY), PLMR (+57.7% YoY), and HRTG (+2.2% YoY), NODK has underperformed the peer group in terms of revenue growth. Compare NODK vs ACGL →
NODK Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NODKCurrent | $298M | -14.0% | - | - | |
 ACGL | $19.9B | +14.3% | +19.2% | 25.0% | |
 PLMR | $876M | +57.7% | +39.1% | 28.9% | |
 HRTG | $847M | +2.2% | +7.4% | 30.6% | |
 DGICA | $978M | -1.1% | +4.7% | 10.0% | |
 ERIE | $4.1B | +10.8% | +9.9% | 17.7% |
NODK Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $0 | -100.0% | $0 | - | $0 | - |
| 2024 | $325.2M | +7.0% | $46.5M | 14.3% | $10.1M | 3.1% |
| 2023 | $304.0M | +13.5% | $49.9M | 16.4% | $20.5M | 6.8% |
| 2022 | $267.8M | -17.3% | $-27,573,000 | -10.3% | $-52,876,000 | -19.7% |
| 2021 | $324.0M | +5.8% | $43.0M | 13.3% | $11.3M | 3.5% |
| 2020 | $306.4M | +13.1% | $86.4M | 28.2% | $52.8M | 17.2% |
| 2019 | $270.8M | +27.5% | $103.6M | 38.3% | $33.8M | 12.5% |
| 2018 | $212.4M | +12.3% | $97.3M | 45.8% | $39.2M | 18.4% |
| 2017 | $189.1M | +15.5% | $66.3M | 35.1% | $22.0M | 11.6% |
| 2016 | $163.7M | +12.4% | $24.8M | 15.2% | $6.1M | 3.7% |
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Start ComparisonNODK — Frequently Asked Questions
Quick answers to the most common questions about buying NODK stock.
Is NODK's revenue growth accelerating or slowing?
NODK revenue declined -14.0% year-over-year, contrasting with the 5-year CAGR of N/A. TTM revenue fell to $298M. This reverses the prior growth trend.
What is NODK's long-term revenue growth rate?
NI Holdings, Inc.'s 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -14.0% is below this long-term average.
How is NODK's revenue distributed by segment?
NODK reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.