NMI Holdings, Inc. (NMIH)
NMI Holdings, Inc. brought in $739.7M of revenue over the twelve months to September 30, 2026, up 6.9% from a year earlier. Net income was $392.8M, a net margin of 53.1%. Operating cash flow minus capital spending left $412.5M of free cash flow in fiscal 2025. At September 30, 2026 it held $72.3M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about NMI Holdings, Inc.
- Net worth
- NMI Holdings, Inc. has a market value (market cap) of $2.9B at the latest share price, and shareholders' equity of $2.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $706.4M (+8.5% year on year), with net income of $388.9M. Over the 12 months to September 30, 2026: revenue $739.7M, net income $392.8M.
- Cash flow
- In fiscal 2025 operations brought in $419.3M of cash; after $6.8M of capital spending, free cash flow was $412.5M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- NMI Holdings, Inc.'s next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What NMI Holdings, Inc. does
NMI Holdings, Inc. is registered with the SEC under industry code SIC 6351 (Surety Insurance). Its shares trade on NASDAQ under the ticker NMIH.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $706.4M | $388.9M | $4.92 | $412.5M |
| 2024 | $651M | $360.1M | $4.43 | $386.7M |
| 2023 | $579M | $322.1M | $3.84 | $333.3M |
| 2022 | $523.3M | $292.9M | $3.39 | $302.8M |
| 2021 | $485.1M | $231.1M | $2.65 | $313.5M |
| 2020 | $433.3M | $171.6M | $2.13 | $240.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NMIH ranks in Finance
Latest SEC filings
What NMI Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 5% to $187.6M versus the same quarter last year; diluted EPS $1.23 versus $1.22.
- November 5, 2026
- July 31, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 8.1% to $187.9M versus the same quarter last year; diluted EPS $1.38 versus $1.21.
- July 30, 2026
- May 15, 2026
- May 1, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 5.9% to $183.5M versus the same quarter last year; diluted EPS $1.28 versus $1.28.
- April 30, 2026
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
- March 27, 2026Passive stake changed SCHEDULE 13G/A
- March 26, 2026
What is NMIH worth? A DCF from its reported cash flow
Insider trades
What the people running NMI Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $7.7M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 13, 2026 | Realmuto Nicholas DanielSVP, Controller | Shares withheld for tax | 302 | - |
| September 4, 2026 | Pollitzer AdamChief Executive Officer, Director | Exercised options | 16,264 | $304.1K |
| September 4, 2026 | Pollitzer AdamChief Executive Officer, Director | Exercised options | 19,435 | $311K |
| September 4, 2026 | Pollitzer AdamChief Executive Officer, Director | Exercised options | 25,426 | $564.2K |
| September 4, 2026 | Pollitzer AdamChief Executive Officer, Director | Sold | 172,706 | $7.7M |
| August 11, 2026 | Swithenbank AuroraEVP, Chief Financial Officer | Sold | 11,662 | $519.1K |
| August 3, 2026 | Smith Robert OwenEVP, Chief Risk Officer | Sold | 12,000 | $535.8K |
| May 19, 2026 | Montgomery Michael CurryDirector | Sold | 1,554 | $58.9K |
Who owns NMIH
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 5.26% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 357 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 13,189,334 | +326,180 |
| Dimensional Fund Advisors LP | 4,665,910 | +314,102 |
| State Street Corp | 3,478,523 | +175,276 |
| Vanguard Capital Management LLC | 3,420,198 | -10,255 |
| American Century Companies Inc | 3,046,624 | +326,477 |
| Vanguard Portfolio Management LLC | 2,901,852 | -104,826 |
| Geode Capital Management, LLC | 2,110,234 | +95,606 |
| Nomura Asset Management International Inc. | 1,883,225 | +215,297 |
| Assenagon Asset Management S.A. | 1,359,678 | +633,123 |
| Fuller & Thaler Asset Management, Inc. | 1,314,375 | +243,795 |
| Fmr LLC | 1,275,890 | +116,993 |
| Goldman Sachs Group Inc | 1,271,316 | +34,553 |
| Bank of America Corp | 1,208,661 | -95,972 |
| Jpmorgan Chase & Co | 1,184,503 | +308,077 |
| Morgan Stanley | 1,137,279 | +138,420 |
| Charles Schwab Investment Management Inc | 1,011,979 | +26,314 |
| Aqr Capital Management LLC | 954,073 | +235,743 |
| Donald Smith & CO., Inc. | 882,495 | +484,896 |
| Northern Trust Corp | 877,573 | +41,977 |
| Frontier Capital Management Co LLC | 860,919 | -155,307 |
Insiders
15 insiders reported holding 2,762,416 shares in total, about $107.4M at the last price.
| Holder | Shares |
|---|---|
| Shuster Bradley MExecutive Chairman, Director | 835,743 |
| Pollitzer AdamChief Executive Officer, Director | 698,333 |
| Leatherberry William JChief Admin. Officer & GC | 302,770 |
| Smith Robert OwenEVP, Chief Risk Officer | 188,796 |
| Montgomery Michael CurryDirector | 139,606 |
| Swithenbank AuroraEVP, Chief Financial Officer | 128,550 |
| Embler Michael JDirector | 96,604 |
| Scheid StevenDirector | 83,74574,794 held indirectly |
| Yousaf Mohammad NawazEVP, Chief of Ops and Tech | 78,557 |
| Fitzgerald Norman PeterEVP, Chief Sales Officer | 75,255 |
Questions about NMIH
What does NMI Holdings, Inc. do?
NMI Holdings, Inc. is a company in the Finance sector, listed on NASDAQ as NMIH. Its shares trade on NASDAQ under the ticker NMIH.
What is NMI Holdings, Inc.'s net worth?
NMI Holdings, Inc. has a market value (market cap) of $2.9B at the latest share price, and shareholders' equity of $2.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is NMI Holdings, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $392.8M on revenue of $739.7M, a net margin of 53.1%.
How much revenue does NMI Holdings, Inc. make?
Over the twelve months to September 30, 2026 NMI Holdings, Inc. reported revenue of $739.7M. That is 6.9% more than a year earlier.
When did NMI Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is NMI Holdings, Inc.'s next earnings report?
NMI Holdings, Inc.'s next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Similar companies
Compare NMIH with
Follow NMIH
Get an email when NMI Holdings, Inc. files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values NMI Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.