Income Statement

NMI HOLDINGS, INC.

NMIH
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY Dec 31, 2017 2017 FY Dec 31, 2016 2016 FY Dec 31, 2015 2015 FY Dec 31, 2014 2014 FY Dec 31, 2013 2013 FY
Revenue
706.44 650.97 579.00 523.35 485.07 433.28 378.77 275.03 182.74 123.82 114.21 34.03 5.56
Cost of Revenue
57.65 31.54 22.62 - - - - - - - - 0.37 0.00
Gross Profit
648.79 619.43 556.39 523.35 485.07 433.28 378.77 275.03 182.74 123.82 53.61 21.84 5.56
Operating Expenses
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Research & Development
- - - - - - - - - - - - -
Selling, General & Administrative
- - - - - - - - - - - - -
Other Operating Expenses
- - - - - - - - - - - - -
Operating Income
648.79 619.43 556.39 523.35 485.07 433.28 378.77 275.03 182.74 123.82 53.61 21.84 5.56
Non-Operating Income
148.99 156.02 143.68 146.04 188.35 215.18 162.12 139.06 129.95 98.52 82.43 73.37 -
Interest Income
104.25 86.41 68.21 47.72 39.39 33.14 31.33 24.34 17.05 14.50 - - -
Interest Expense
- - 32.21 32.16 31.80 24.39 12.09 14.98 13.53 14.85 2.10 - -
Other Non-Op Income / Expense
462.39 442.76 412.97 378.41 303.97 217.13 226.48 -3.62 -4.11 -16.75 -0.15 -38.71 -32.28
Income Before Tax
499.80 463.41 412.70 377.31 296.73 218.11 216.65 135.96 52.79 25.30 -27.79 -51.29 -
Income Tax Expense
110.88 103.31 90.59 84.40 65.60 46.54 44.70 28.03 30.74 -40.54 -1.03 -2.63 -
Non-Controlling Interest
- - - - - - - - - - - - -
Net Income
388.93 360.11 322.11 292.90 231.13 171.57 171.96 107.93 22.05 65.84 -27.79 -48.91 -55.18
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY Dec 31, 2017 2017 FY Dec 31, 2016 2016 FY Dec 31, 2015 2015 FY Dec 31, 2014 2014 FY Dec 31, 2013 2013 FY
Depreciation & Amortization
- - - - - - - - - - - - -
EBITDA
648.79 619.43 556.39 523.35 485.07 433.28 378.77 275.03 182.74 123.82 53.61 21.84 5.56
Earnings Per Share (Basic)
5.01 4.51 3.91 3.45 2.70 2.20 2.54 1.66 0.37 1.11 - - -
Diluted EPS
4.92 4.43 3.84 3.39 2.65 2.13 2.47 1.60 0.35 1.08 - - -
Weighted Average Shares
77.63 79.84 82.41 84.92 85.62 78.02 67.57 65.02 59.82 59.07 - - -
Diluted Weighted Avg Shares
79.04 81.27 83.85 86.00 86.89 79.26 69.72 67.65 62.19 60.83 - - -
Comprehensive Income
467.65 375.22 386.52 87.09 178.76 208.13 204.08 95.67 24.48 68.03 -31.66 -45.47 -62.23