NMI Holdings, Inc. (NMIH)
NASDAQ: NMIH · Real-Time Price · USD
38.65
-0.23 (-0.59%)
Nov 13, 2026, 4:00 PM EST - Market closed
NMI Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 Income | 392.81 | 388.93 | 360.11 | 322.11 | 292.9 | 231.13 |
Depreciation & Amortization | 9.98 | 11.26 | 11.94 | 11.54 | 11.87 | 11.23 |
Other Amortization | 2.51 | 2.42 | 2.21 | 1.96 | 1.85 | 1.86 |
Gain (Loss) on Sale of Investments | -3.35 | -4.52 | -1.1 | 0.51 | 5.24 | 6 |
Stock-Based Compensation | 21.95 | 20.19 | 19.81 | 16.91 | 15.43 | 16.68 |
Change in Accounts Receivable | -14.35 | -3.46 | -6.35 | -6.78 | -9.32 | -10.58 |
Reinsurance Recoverable | -9.06 | -6.32 | -4.75 | -5.93 | -1.27 | -2.71 |
Change in Accounts Payable | 7.17 | -2.17 | 16.45 | 10.39 | 1.39 | 16.91 |
Change in Unearned Revenue | -10.02 | -18.56 | -27.08 | -30.74 | -16.2 | 20.42 |
Change in Income Taxes | -78.08 | -78.08 | -86.89 | -80.88 | -65.17 | -42.85 |
Change in Insurance Reserves / Liabilities | 53.9 | 44.36 | 28.1 | 24.14 | -3.72 | 12.98 |
Change in Other Net Operating Assets | -6.97 | -6.47 | -5.09 | -6.82 | -3.91 | -2.94 |
Other Operating Activities | 65.15 | 71.77 | 87.66 | 90.59 | 83.28 | 64.94 |
Operating Cash Flow | 431.41 | 419.3 | 393.6 | 342.68 | 313.39 | 325.72 |
Operating Cash Flow Growth | 9.67% | 6.53% | 14.86% | 9.35% | -3.78% | 28.95% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -7.16 | -6.78 | -6.91 | -9.37 | -10.57 | -12.24 |
Investment in Securities | -351.65 | -309.69 | -332.38 | -190.63 | -279.21 | -361.94 |
Investing Cash Flow | -358.8 | -316.47 | -339.29 | -200 | -289.79 | -374.18 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | - | 419.71 | - | - | - |
Total Debt Repaid | - | - | -405.08 | - | - | - |
Net Debt Issued (Repaid) | - | - | 14.63 | - | - | - |
Issuance of Common Stock | 5.89 | 2.88 | 4.29 | 10.55 | 5.96 | 4.7 |
Repurchases of Common Stock | -136.61 | -116.08 | -107.83 | -100.97 | -61.79 | -5.43 |
Other Financing Activities | - | - | -7.79 | - | - | -1.11 |
Financing Cash Flow | -130.72 | -113.2 | -96.7 | -90.42 | -55.83 | -1.83 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 Cash Flow | -58.11 | -10.37 | -42.38 | 52.26 | -32.22 | -50.29 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 424.25 | 412.52 | 386.7 | 333.31 | 302.82 | 313.48 |
Free Cash Flow Growth | 9.67% | 6.68% | 16.02% | 10.07% | -3.40% | 30.38% |
Free Cash Flow Margin | 57.36% | 58.39% | 59.40% | 57.57% | 57.86% | 64.63% |
Free Cash Flow Per Share | 5.50 | 5.22 | 4.76 | 3.98 | 3.52 | 3.61 |
Levered Free Cash Flow | 313.91 | 267.06 | 176.54 | 333.21 | -6.65 | 142.31 |
Unlevered Free Cash Flow | 329.21 | 282.44 | 197.39 | 351.38 | 11.6 | 160.32 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 25.5 | 31.45 | 14.01 | 29.5 | 29.5 | 29.5 |
Cash Income Tax Paid | 44.61 | 42.36 | 20.03 | 0.02 | -0.02 | -0.46 |
Change in Working Capital | -57.63 | -70.74 | -87.03 | -100.95 | -97.17 | -6.13 |