NMI Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Interest Income	102.94	85.32	67.51	46.41	38.07
Net Interest Income Growth	20.65%	26.37%	45.48%	21.89%	19.36%
Non-Interest Income	603.5	565.66	511.49	476.94	447
Non-Interest Income Growth	6.69%	10.59%	7.25%	6.70%	11.36%
Revenues Before Loan Losses	706.44	650.97	579	523.35	485.07
Revenue	706.44	650.97	579	523.35	485.07
Revenue Growth (YoY)	8.52%	12.43%	10.63%	7.89%	11.95%
Selling, General & Admin	119.91	118.4	110.7	117.49	142.3
Other Non-Interest Expenses	86.73	69.16	55.6	28.55	46.04
Total Non-Interest Expense	206.64	187.56	166.3	146.04	188.35
Pretax Income	499.8	463.41	412.7	377.31	296.73
Provision for Income Taxes	110.88	103.31	90.59	84.4	65.6
Net Income	388.93	360.11	322.11	292.9	231.13
Net Income to Common	388.93	360.11	322.11	292.9	231.13
Net Income Growth	8.00%	11.80%	9.97%	26.73%	34.72%
Shares Outstanding (Basic)	78	80	82	85	86
Shares Outstanding (Diluted)	79	81	84	86	87
Shares Change (YoY)	-2.75%	-3.08%	-2.49%	-1.02%	9.62%
EPS (Basic)	5.01	4.51	3.91	3.45	2.70
EPS (Diluted)	4.92	4.43	3.84	3.39	2.65
EPS Growth	11.06%	15.37%	13.27%	27.93%	24.41%
Free Cash Flow	412.52	386.7	333.31	302.82	313.48
Free Cash Flow Growth	6.68%	16.02%	10.07%	-3.40%	30.38%
Free Cash Flow Per Share	5.22	4.76	3.97	3.52	3.61
Profit Margin	55.05%	55.32%	55.63%	55.97%	47.65%
FCF Margin	58.39%	59.40%	57.57%	57.86%	64.63%
EBITDA	11.26	11.94	11.54	11.87	11.23
EBITDA Margin	1.59%	1.83%	1.99%	2.27%	2.32%
Effective Tax Rate	22.18%	22.29%	21.95%	22.37%	22.11%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q