NMI Holdings, Inc. (NMIH)

NMI Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	385.7	388.93	360.11	322.11	292.9	231.13
Depreciation & Amortization	10.85	11.26	11.94	11.54	11.87	11.23
Stock-Based Compensation	20.37	20.19	19.81	16.91	15.43	16.68
Other Adjustments	64.25	69.67	88.78	93.07	90.37	72.81
Changes in Accrued Interest and Accounts Receivable	-8.79	-8.32	-8.95	-12.42	-11.57	-12.62
Changes in Accounts Payable	7.99	-2.17	16.45	10.39	1.39	16.91
Changes in Other Operating Activities	31.97	-60.25	-94.53	-98.92	-87	-10.42
Operating Cash Flow	434.24	419.3	393.6	342.68	313.39	325.72
Operating Cash Flow Growth	13.33%	6.53%	14.86%	9.35%	-3.78%	28.95%
Net Change in Securities and Investments	-264.69	-309.69	-332.38	-190.63	-279.21	-361.94
Capital Expenditures	-6.18	-6.78	-6.91	-9.37	-10.57	-12.24
Investing Cash Flow	-316.72	-316.47	-339.29	-200	-289.79	-374.18
Long-Term Debt Issued	-	-	419.71	-	-	-
Long-Term Debt Repaid	-	-	-405.08	-	-	-
Net Long-Term Debt Issued (Repaid)	-	-	14.63	-	-	-
Issuance of Common Stock	3.98	2.88	4.29	10.55	5.96	4.7
Repurchase of Common Stock	-125.03	-116.08	-107.83	-100.97	-61.79	-5.43
Net Common Stock Issued (Repurchased)	-121.05	-113.2	-103.54	-90.42	-55.83	-0.72
Other Financing Activities	-	-	-7.79	-	-	-1.11
Financing Cash Flow	-121.05	-113.2	-96.7	-90.42	-55.83	-1.83
Net Cash Flow	-3.53	-10.37	-42.38	52.26	-32.22	-50.29
Free Cash Flow	428.06	412.52	386.7	333.31	302.82	313.48
Free Cash Flow Growth	3.77%	6.68%	16.02%	10.07%	-3.40%	30.38%
FCF Margin	59.73%	58.39%	59.40%	57.57%	57.86%	64.63%
Free Cash Flow Per Share	5.46	5.22	4.76	3.97	3.52	3.61
Levered Free Cash Flow	421.54	322.66	292.74	223.33	197.03	223.99
Unlevered Free Cash Flow	35.84	-66.26	-82	-98.78	-95.87	-7.14

Updated Apr 30, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q