NMI Holdings, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 485.64M | 524.46M | 579.00M | 650.97M | 705.58M | 8.4% | |
| Cost of Revenue | (14.81M) | (2.50M) | (23.39M) | (32.27M) | (57.65M) | 78.7% | |
Gross Profit | 470.82M | 526.96M | 555.61M | 618.70M | 647.93M | 4.7% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | — | — | — | — | — | — | |
| Depreciation & Amortization | (11.23M) | (11.87M) | (11.54M) | (11.94M) | (11.26M) | -5.7% | |
Operating Income (EBIT) | 296.73M | 377.31M | 412.70M | 463.41M | 499.80M | 7.9% | |
| Non-Operating Items | |||||||
| Interest Income | — | 400.00K | 2.30M | 5.00M | — | -100.0% | |
| Interest Expense | (31.80M) | (32.16M) | (32.21M) | (36.90M) | (28.48M) | -22.8% | |
| Other Income/Expenses (Net) | — | — | — | — | — | — | |
Income Before Tax | 296.73M | 377.31M | 412.70M | 463.41M | 499.80M | 7.9% | |
| Income Tax Expense | (65.59M) | (84.40M) | (90.59M) | (103.31M) | (110.88M) | 7.3% | |
Net Income | 231.13M | 292.90M | 322.11M | 360.11M | 388.93M | 8.0% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $3 | $3 | $4 | $5 | $5 | 11.1% | |
| Weighted Avg Shares Outstanding | 85.62M | 84.92M | 82.41M | 79.84M | 77.63M | -2.8% | |
| Weighted Avg Shares Outstanding (Diluted) | 86.89M | 86.00M | 83.85M | 81.27M | 79.04M | -2.7% | |
EBITDA | 339.75M | 421.34M | 456.46M | 512.24M | 539.54M | 5.3% |
Explore NMIH
NMIH in the Financial Services
Mid Cap