NMIH · XBRL financial data

NMI Holdings financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NMIH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	433	485	523	579	651	706
Interest expense	24	32	32	32	37	28
Income tax expense (benefit)	47	66	84	91	103	111
Net income (loss)	172	231	293	322	360	389
Earnings per share, basic USD per share	2.20	2.70	3.45	3.91	4.51	5.01
Earnings per share, diluted USD per share	2.13	2.65	3.39	3.84	4.43	4.92
Weighted average shares, basic millions of shares	78	86	85	82	80	78
Weighted average shares, diluted millions of shares	79	87	86	84	81	79

Fiscal years (NMIH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	127	77	44	97	54	44
Property and equipment, net	30	32	32	30	26	22
Right-of-use asset	5	3	10	9	8	7
Goodwill	3	3	3	3	3	3
Total assets	2,167	2,451	2,516	2,941	3,350	3,841
Total liabilities	797	885	902	1,015	1,133	1,249
Retained earnings	377	608	901	1,223	1,583	1,972
Total stockholders' equity	1,370	1,566	1,614	1,926	2,217	2,592
Total liabilities and equity	2,167	2,451	2,516	2,941	3,350	3,841
Common shares outstanding (cover page) millions of shares	85	86	84	81	78	76

Fiscal years (NMIH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	172	231	293	322	360	389
Stock-based compensation	11	17	15	17	20	20
Depreciation and amortization	10	11	12	12	12	11
Net cash from operating activities	253	326	313	343	394	419
Purchases of property and equipment	12	12	11	9	7	7
Net cash from investing activities	(630)	(374)	(290)	(200)	(339)	(316)
Proceeds from issuing common stock	220	0	0	—	—	—
Share repurchases	0	0	57	92	98	105
Proceeds from long-term debt	400	0	0	0	420	0
Repayments of long-term debt	148	0	0	0	405	0
Net cash from financing activities	463	(2)	(56)	(90)	(97)	(113)
Net change in cash	86	(50)	(32)	52	(42)	(10)

SIC 6351 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6351 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
NMI Holdings	72	188	143*	75.2M	Q2 FY26 10-QJun 30, 2026
Assured Guaranty	331	195	40*	44.0M	Q2 FY26 10-QJun 30, 2026
Radian Group	119	575	343*	132.3M	Q2 FY26 10-QJun 30, 2026
Essent Group	74	363	197*	89.9M	Q2 FY26 10-QJun 30, 2026
Mgic Investment	207	295	185*	205.1M	Q2 FY26 10-QJun 30, 2026
Old Republic International	336	2,551	429*	239.8M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.