NI Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	365.7	324.44	323.97	306.36	270.78	212.37	189.14	163.75	145.72	137.77
Revenue Growth (YoY)	12.72%	0.14%	5.75%	13.14%	27.50%	12.28%	15.51%	12.37%	5.77%	-
Cost of Revenue	244.41	294.43	216.38	168.47	169.71	119.09	122.71	118.51	83.88	89.31
Gross Profit	121.28	30.01	107.6	137.88	101.07	93.28	66.43	45.24	61.85	48.46
Selling, General & Admin	118.79	99.03	96.29	85.07	67.26	54.12	44.42	39.12	35.97	28.25
Other Operating Expenses	6.76	0	0	0	0	0	0	0	0	0
Operating Expenses	125.55	99.03	96.29	85.07	67.26	54.12	44.42	39.12	35.97	28.25
Operating Income	-4.26	-69.03	11.31	52.82	33.81	39.17	22.01	6.12	25.87	20.21
Other Expense / Income	0.25	-0.68	-0.08	0.96	0.1	0.16	-0.38	0.09	0.13	0.04
Pretax Income	-4.51	-68.35	11.39	51.86	33.71	39	22.39	6.03	25.74	20.17
Income Tax	0.96	-15.25	2.97	11.47	7.31	7.92	6.39	1.48	8.29	6.4
Net Income	-5.48	-53.1	8.42	40.39	26.4	31.08	15.99	4.55	17.46	13.77
Net Income Growth	-	-	-79.16%	52.98%	-15.06%	94.37%	251.37%	-73.93%	26.73%	-
Shares Outstanding (Basic)	21	21	21	22	22	22	22	23	-	-
Shares Outstanding (Diluted)	21	21	22	22	22	22	-	-	-	-
Shares Change	-0.82%	-1.49%	-1.30%	-1.45%	-0.54%	0.32%	-2.99%	-	-	-
EPS (Basic)	-0.26	-2.49	0.39	1.86	1.19	1.39	0.71	-	-	-
EPS (Diluted)	-0.26	-2.49	0.39	1.84	1.19	1.39	0.71	-	-	-
EPS Growth	-	-	-78.80%	54.62%	-14.39%	95.77%	-	-	-	-
Free Cash Flow	25.14	-30.88	28.47	50.47	24.38	19.4	17.09	6.76	16.65	9.79
Free Cash Flow Per Share	1.19	-1.45	1.33	2.32	1.10	0.87	0.77	0.29	-	-
Gross Margin	33.17%	9.25%	33.21%	45.01%	37.33%	43.92%	35.12%	27.63%	42.44%	35.18%
Operating Margin	-1.17%	-21.28%	3.49%	17.24%	12.49%	18.44%	11.63%	3.74%	17.76%	14.67%
Profit Margin	-1.50%	-16.37%	2.60%	13.18%	9.75%	14.64%	8.45%	2.78%	11.98%	10.00%
Free Cash Flow Margin	6.88%	-9.52%	8.79%	16.47%	9.00%	9.14%	9.04%	4.13%	11.42%	7.11%
Effective Tax Rate	-	-	26.11%	22.12%	21.69%	20.31%	28.56%	24.53%	32.19%	31.71%
EBITDA	-3.23	-67.17	12.56	57.79	35.96	43	22.93	6.53	26.32	20.59
EBITDA Margin	-0.88%	-20.70%	3.88%	18.86%	13.28%	20.25%	12.12%	3.99%	18.06%	14.95%
Depreciation & Amortization	1.28	1.18	1.17	5.93	2.25	4	0.54	0.5	0.58	0.42
EBIT	-4.51	-68.35	11.39	51.86	33.71	39	22.39	6.03	25.74	20.17
EBIT Margin	-1.23%	-21.07%	3.52%	16.93%	12.45%	18.37%	11.84%	3.68%	17.67%	14.64%

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).