NMI Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $706.4M | $651.0M | $579.0M | $523.3M | $485.1M |
| Interest expense | $28.5M | $36.9M | $32.2M | $32.2M | $31.8M |
| Pretax income | $499.8M | $463.4M | $412.7M | $377.3M | $296.7M |
| Income tax expense | $110.9M | $103.3M | $90.6M | $84.4M | $65.6M |
| Net income | $388.9M | $360.1M | $322.1M | $292.9M | $231.1M |
| Balance Sheet | |||||
| Total assets | $3.8B | $3.3B | $2.9B | $2.5B | $2.5B |
| Total liabilities | $1.2B | $1.1B | $1.0B | $902.3M | $884.8M |
| Stockholders' equity | $2.6B | $2.2B | $1.9B | $1.6B | $1.6B |
| Cash Flow Statement | |||||
| Cash from operations | $419.3M | $393.6M | $342.7M | $313.4M | $325.7M |
| Depreciation and amortization | $11.3M | $11.9M | $11.5M | $11.9M | $11.2M |
| Stock-based compensation | $20.2M | $19.8M | $16.9M | $15.4M | $16.7M |
| Capital expenditure | $6.8M | $6.9M | $9.4M | $10.6M | $12.2M |
| Free cash flow | $412.5M | $386.7M | $333.3M | $302.8M | $313.5M |
| Share repurchases | $105.1M | $97.6M | $91.6M | $56.6M | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 76.0M · Free float 94.0%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.