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NASDAQ · Finance

NMI Holdings, Inc. (NMIH)

NMI Holdings, Inc. brought in $730.8M of revenue over the twelve months to June 30, 2026, up 7.5% from a year earlier. Net income was $395.3M, a net margin of 54.1%. Operating cash flow minus capital spending left $412.5M of free cash flow in fiscal 2025. At June 30, 2026 it held $72.1M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 31, 2026.

Price
$41.23
-0.82% on the day · September 25, 2026
52-week range $34.84 to $46.74
Market cap
$3.1B
Revenue (last 12 months)
$730.8M
+7.5% year on year
Net margin
54.1%
P/E
8.4
on FY2025 diluted EPS

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

Revenue
FY18: $275M $275M FY18FY19: $378.8M $378.8M FY19FY20: $433.3M $433.3M FY20FY21: $485.1M $485.1M FY21FY22: $523.3M $523.3M FY22FY23: $579M $579M FY23FY24: $651M $651M FY24FY25: $706.4M $706.4M FY25
Net income
FY18: $107.9M $107.9M FY18FY19: $172M $172M FY19FY20: $171.6M $171.6M FY20FY21: $231.1M $231.1M FY21FY22: $292.9M $292.9M FY22FY23: $322.1M $322.1M FY23FY24: $360.1M $360.1M FY24FY25: $388.9M $388.9M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$706.4Mn/a$388.9M$4.92$412.5M
2024$651Mn/a$360.1M$4.43$386.7M
2023$579Mn/a$322.1M$3.84$333.3M
2022$523.3Mn/a$292.9M$3.39$302.8M
2021$485.1Mn/a$231.1M$2.65$313.5M
2020$433.3Mn/a$171.6M$2.13$240.4M
Next report expected around November 3, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 4, 2025. Not a date the company has announced. See the report calendar

Where NMIH ranks in Finance

Revenue$706.4M
#218 of 444 in Finance · Top 49%
Revenue growth+8.5%
#214 of 415 in Finance · Bottom 49%
Net margin55.1%
#54 of 418 in Finance · Top 13%
Free cash flow margin58.4%
#46 of 304 in Finance · Top 15%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Finance

Latest SEC filings

What NMI Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. July 31, 2026
    Quarterly report 10-Q · period to June 30, 2026
  2. July 30, 2026
  3. May 15, 2026
  4. May 1, 2026
    Quarterly report 10-Q · period to March 31, 2026
  5. April 30, 2026
  6. April 30, 2026
  7. March 27, 2026
  8. March 26, 2026
  9. March 26, 2026
  10. March 26, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 15, 2026. Insider transactions on SEC

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.

Bought (open market)
$0
last 90 days
Sold
$7.7M
last 90 days
Net sold
172,706
$7.7M
DateInsiderWhatSharesPriceValueFiling
September 13, 2026 Realmuto Nicholas DanielSVP, Controller Shares withheld for tax 302 - - Form 4
September 4, 2026 Pollitzer AdamChief Executive Officer, Director Exercised options 16,264 $18.70 $304.1K Form 4
September 4, 2026 Pollitzer AdamChief Executive Officer, Director Exercised options 19,435 $16.00 $311K Form 4
September 4, 2026 Pollitzer AdamChief Executive Officer, Director Exercised options 25,426 $22.19 $564.2K Form 4
September 4, 2026 Pollitzer AdamChief Executive Officer, Director Sold 172,706 $44.86 $7.7M Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

All filings on SEC EDGAR

Questions about NMIH

What does NMI Holdings, Inc. do?

NMI Holdings, Inc. is registered with the SEC under industry code SIC 6351 (Surety Insurance). Its shares trade on NASDAQ under the ticker NMIH.

Is NMI Holdings, Inc. profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $395.3M on revenue of $730.8M, a net margin of 54.1%.

How much revenue does NMI Holdings, Inc. make?

Over the twelve months to June 30, 2026 NMI Holdings, Inc. reported revenue of $730.8M. That is 7.5% 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 July 31, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 15, 2026.

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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.