NMIH

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NMI Holdings Inc

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Key Metrics

Previous Close: $38.08
52-Week Range: $34.84 – $46.74
Market Cap: $2.92B
P/E (TTM): 7.64
EPS (TTM): 5.08
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 1.08
PEG Ratio: —
Return on Equity: 15.43%
Return on Assets: 8.82%
Gross Margin: 76.38%
Operating Margin: 76.67%
Profit Margin: 54.10%
Current Ratio: 2.03
Debt/Equity: 0.16
Total Debt: $426.15M
Free Cash Flow: $329.76M
Revenue Growth: 8.10%
Earnings Growth: 14.10%
Enterprise Value: $3.19B

NMIH Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$524.46M	$579.00M	$650.97M	$706.44M
Pretax Income	$377.31M	$412.70M	$463.41M	$499.80M
Income Tax	$84.40M	$90.59M	$103.31M	$110.88M
Net Income	$292.90M	$322.11M	$360.11M	$388.93M
Diluted EPS	3.39	3.84	4.43	4.92
Diluted Shares	86.00M	83.85M	81.27M	79.04M

NMIH Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$42.25M	$95.35M	$54.22M	$43.94M
Receivables	$91.27M	$103.97M	$115.06M	$124.84M
Total Assets	$2.52B	$2.94B	$3.35B	$3.84B
Long-Term Debt	$396.05M	$397.60M	$415.15M	$417.03M
Total Debt	$396.05M	$397.60M	$415.15M	$417.03M
Total Liabilities	$902.30M	$1.01B	$1.13B	$1.25B
Retained Earnings	$901.04M	$1.22B	$1.58B	$1.97B
Shareholders' Equity	$1.61B	$1.93B	$2.22B	$2.59B
Net Debt	$353.80M	$302.24M	$360.93M	$373.09M

NMIH Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$313.39M	$342.68M	$393.60M	$419.30M
Capital Expenditure	-$10.57M	-$9.37M	-$6.91M	-$6.78M
Free Cash Flow	$302.82M	$333.31M	$386.70M	$412.52M
Depreciation & Amortisation	$11.87M	$11.54M	$11.94M	$11.26M
Stock-Based Compensation	$15.43M	$16.91M	$19.81M	$20.19M
Investing Cash Flow	-$289.79M	-$200.00M	-$339.29M	-$316.47M
Financing Cash Flow	-$55.83M	-$90.42M	-$96.70M	-$113.20M
Share Repurchases	-$56.58M	-$91.61M	-$97.61M	-$105.10M
Net Change in Cash	-$32.22M	$52.26M	-$42.38M	-$10.37M

NMIH Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$173.25M	$173.78M	$178.68M	$180.74M	$183.47M	$187.89M
Pretax Income	$131.37M	$123.60M	$123.68M	$121.15M	$124.94M	$136.95M
Income Tax	$28.81M	$27.45M	$27.68M	$26.93M	$25.61M	$31.16M
Net Income	$102.56M	$96.15M	$96.00M	$94.22M	$99.33M	$105.79M
Diluted EPS	1.28	1.21	1.22	1.20	1.28	1.38
Diluted Shares	79.86M	79.26M	78.83M	78.21M	77.44M	76.58M

NMIH Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$74.12M	$84.01M	$130.44M	$43.94M	$70.68M	$72.12M
Receivables	$115.53M	$116.35M	$121.05M	$124.84M	$126.56M	$127.21M
Total Assets	$3.46B	$3.59B	$3.73B	$3.84B	$3.91B	$4.00B
Long-Term Debt	$415.61M	$416.07M	$416.55M	$417.03M	$417.52M	$418.02M
Total Debt	$415.61M	$416.07M	$416.55M	$417.03M	$417.52M	$418.02M
Total Liabilities	$1.13B	$1.17B	$1.21B	$1.25B	$1.28B	$1.29B
Retained Earnings	$1.69B	$1.78B	$1.88B	$1.97B	$2.07B	$2.18B
Shareholders' Equity	$2.32B	$2.42B	$2.51B	$2.59B	$2.63B	$2.71B
Net Debt	$341.49M	$332.06M	$286.11M	$373.09M	$346.84M	$345.90M

NMIH Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$101.15M	$128.36M	$128.05M	$61.74M	$116.09M	$142.63M
Capital Expenditure	-$1.71M	-$1.65M	-$1.78M	-$1.65M	-$1.10M	-$2.38M
Free Cash Flow	$99.44M	$126.71M	$126.27M	$60.09M	$114.99M	$140.25M
Depreciation & Amortisation	$2.89M	$2.84M	$2.84M	$2.70M	$2.48M	$2.48M
Stock-Based Compensation	$4.51M	$4.96M	$4.50M	$6.22M	$4.68M	$5.31M
Investing Cash Flow	-$47.66M	-$94.13M	-$57.02M	-$117.66M	-$47.91M	-$108.44M
Financing Cash Flow	-$33.59M	-$24.42M	-$24.60M	-$30.59M	-$41.44M	-$32.74M
Share Repurchases	-$25.94M	-$23.98M	-$24.59M	-$30.59M	-$27.68M	-$32.29M
Net Change in Cash	$19.90M	$9.80M	$46.43M	-$86.50M	$26.74M	$1.44M

Market Snapshot

About

NMI Holdings Inc. is a private mortgage insurance company that provides mortgage guaranty insurance to lenders and government-sponsored enterprises. The company helps facilitate homeownership by enabling borrowers to purchase homes with down payments of less than 20 percent.