NMI Holdings, Inc. (NMIH)

NMI Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	598.48	579	523.35	485.07	433.28	378.77
Revenue Growth (YoY)	12.35%	10.64%	7.89%	11.95%	14.39%	37.72%
Cost of Revenue	19.61	22.62	-3.59	12.31	59.25	12.51
Gross Profit	578.87	556.39	526.94	472.77	374.04	366.26
Selling, General & Admin	114.73	110.7	117.49	142.3	131.61	126.62
Other Operating Expenses	0.83	0.77	1.09	2.51	2.84	2.25
Operating Expenses	115.56	111.47	118.58	144.81	134.45	128.87
Operating Income	463.31	444.92	408.36	327.96	239.59	237.4
Interest Expense / Income	32.21	32.21	32.16	31.8	24.39	12.09
Other Expense / Income	-	-	-1.11	-0.57	-2.91	8.66
Pretax Income	431.1	412.7	377.31	296.73	218.11	216.65
Income Tax	94.4	90.59	84.4	65.6	46.54	44.7
Net Income	336.7	322.11	292.9	231.13	171.57	171.96
Net Income Growth	12.35%	9.97%	26.73%	34.72%	-0.23%	59.33%
Shares Outstanding (Basic)	81	82	85	86	78	68
Shares Outstanding (Diluted)	82	84	86	87	79	70
Shares Change	-3.23%	-2.49%	-1.02%	9.62%	13.69%	3.06%
EPS (Basic)	4.12	3.91	3.45	2.70	2.20	2.54
EPS (Diluted)	4.04	3.84	3.39	2.65	2.13	2.47
EPS Growth	15.43%	13.27%	27.92%	24.41%	-13.77%	54.37%
Free Cash Flow	354.38	333.31	302.82	313.48	240.44	198.19
Free Cash Flow Per Share	4.39	4.04	3.57	3.66	3.08	2.93
Gross Margin	96.72%	96.09%	100.69%	97.46%	86.33%	96.70%
Operating Margin	77.41%	76.84%	78.03%	67.61%	55.30%	62.68%
Profit Margin	56.26%	55.63%	55.97%	47.65%	39.60%	45.40%
Free Cash Flow Margin	59.21%	57.57%	57.86%	64.63%	55.49%	52.33%
Effective Tax Rate	21.90%	21.95%	22.37%	22.11%	21.34%	20.63%
EBITDA	475.05	456.46	421.34	339.75	252.42	238.04
EBITDA Margin	79.38%	78.83%	80.51%	70.04%	58.26%	62.84%
Depreciation & Amortization	11.74	11.54	11.87	11.23	9.93	9.3
EBIT	463.31	444.92	409.47	328.52	242.49	228.74
EBIT Margin	77.41%	76.84%	78.24%	67.73%	55.97%	60.39%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).