15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $706M | $389M | 0.0% | 0.0% | $413M | — | $44M |
| 2024 | $651M | $360M | 0.0% | 0.0% | $387M | — | $54M |
| 2023 | $579M | $322M | 0.0% | 0.0% | $333M | — | $97M |
| 2022 | $523M | $293M | 0.0% | 0.0% | $303M | $396M | $44M |
| 2021 | $485M | $231M | 0.0% | 0.0% | $313M | $395M | $77M |
| 2020 | $433M | $172M | 0.0% | 0.0% | $240M | $393M | $127M |
| 2019 | $379M | $172M | 0.0% | 0.0% | $198M | $146M | $41M |
| 2018 | $275M | $108M | 0.0% | 0.0% | $138M | $147M | $25M |
| 2017 | $183M | $22M | 0.0% | 0.0% | $59M | $144M | $19M |
| 2016 | $124M | $64M | 0.0% | 0.0% | $60M | $144M | $48M |
| 2015 | $54M | -$28M | 0.0% | 0.0% | $35M | $144M | $57M |
| 2014 | $19M | -$49M | 0.0% | 0.0% | — | $0 | — |
| 2013 | $7M | -$55M | 0.0% | 0.0% | — | — | — |
| 2013 | $4M | -$71M | 0.0% | 0.0% | — | — | — |
| 2012 | $284000 | -$27M | 0.0% | 0.0% | — | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $183M | $99M | 0.0% | 0.0% | $115M | — | $71M |
| Dec '25 | $181M | $94M | 0.0% | 0.0% | $60M | — | $44M |
| Sep '25 | $179M | $96M | 0.0% | 0.0% | $126M | — | $130M |
| Jun '25 | $174M | $96M | 0.0% | 0.0% | $127M | — | $84M |
| Mar '25 | $173M | $103M | 0.0% | 0.0% | $99M | — | $74M |
| Dec '24 | $167M | $86M | 0.0% | 0.0% | $34M | — | $54M |
| Sep '24 | $166M | $93M | 0.0% | 0.0% | $127M | — | $133M |
| Jun '24 | $162M | $92M | 0.0% | 0.0% | $116M | — | $63M |
| Mar '24 | $156M | $89M | 0.0% | 0.0% | $109M | — | $140M |
| Dec '23 | $151M | $83M | 0.0% | 0.0% | $29M | — | $97M |
| Sep '23 | $148M | $84M | 0.0% | 0.0% | $117M | — | $176M |
| Jun '23 | $143M | $80M | 0.0% | 0.0% | $99M | — | $73M |
| Mar '23 | $137M | $74M | 0.0% | 0.0% | $88M | — | $83M |
| Dec '22 | $133M | $73M | 0.0% | 0.0% | $29M | $396M | $44M |
| Sep '22 | $131M | $77M | 0.0% | 0.0% | $105M | — | $126M |
| Jun '22 | $132M | $75M | 0.0% | 0.0% | $90M | — | $72M |
| Mar '22 | $127M | $68M | 0.0% | 0.0% | $78M | — | $131M |
| Dec '21 | $125M | $61M | 0.0% | 0.0% | $41M | $395M | $77M |
| Sep '21 | $124M | $60M | 0.0% | 0.0% | $96M | — | $97M |
| Jun '21 | $121M | $58M | 0.0% | 0.0% | $93M | — | $68M |
How the market has priced NMIH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Nmi Holdings, Inc.'s revenue has grown 10.3% per year, and net income grown 17.8% per year. These are computed facts, not advice.
As of FY2025, Nmi Holdings, Inc. reported — of total debt against $44M of cash.
In FY2025, gross margin was —, operating margin —, and net margin 55.1%.
As of Jun '26, Nmi Holdings, Inc. traded at a price-to-earnings ratio of about 7.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.