NI Holdings, Inc. (NODK)

NI Holdings Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	365.7	324.44	323.97	306.36	270.78
Revenue Growth (YoY)	12.72%	0.14%	5.75%	13.14%	27.50%
Cost of Revenue	244.41	294.43	216.38	168.47	169.71
Gross Profit	121.28	30.01	107.6	137.88	101.07
Selling, General & Admin	118.79	99.03	96.29	85.07	67.26
Other Operating Expenses	6.76	0	0	0	0
Operating Expenses	125.55	99.03	96.29	85.07	67.26
Operating Income	-4.26	-69.03	11.31	52.82	33.81
Other Expense / Income	0.25	-0.68	-0.08	0.96	0.1
Pretax Income	-4.51	-68.35	11.39	51.86	33.71
Income Tax	0.96	-15.25	2.97	11.47	7.31
Net Income	-5.48	-53.1	8.42	40.39	26.4
Net Income Growth	-	-	-79.16%	52.98%	-15.06%
Shares Outstanding (Basic)	21	21	21	22	22
Shares Outstanding (Diluted)	21	21	22	22	22
Shares Change	-0.82%	-1.49%	-1.30%	-1.45%	-0.54%
EPS (Basic)	-0.26	-2.49	0.39	1.86	1.19
EPS (Diluted)	-0.26	-2.49	0.39	1.84	1.19
EPS Growth	-	-	-78.80%	54.62%	-14.39%
Free Cash Flow	25.14	-30.88	28.47	50.47	24.38
Free Cash Flow Per Share	1.19	-1.45	1.33	2.32	1.10
Gross Margin	33.17%	9.25%	33.21%	45.01%	37.33%
Operating Margin	-1.17%	-21.28%	3.49%	17.24%	12.49%
Profit Margin	-1.50%	-16.37%	2.60%	13.18%	9.75%
Free Cash Flow Margin	6.88%	-9.52%	8.79%	16.47%	9.00%
Effective Tax Rate	-	-	26.11%	22.12%	21.69%
EBITDA	-3.23	-67.17	12.56	57.79	35.96
EBITDA Margin	-0.88%	-20.70%	3.88%	18.86%	13.28%
Depreciation & Amortization	1.28	1.18	1.17	5.93	2.25
EBIT	-4.51	-68.35	11.39	51.86	33.71
EBIT Margin	-1.23%	-21.07%	3.52%	16.93%	12.45%

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).