State Ledger
Company profile

NMI Holdings, Inc. CIK 1547903

Ticker
NMIH (Nasdaq)
Industry
Surety Insurance
Headquarters
Emeryville, CA 94608
Fiscal year end
2025 (FY)
Market Data
Close
$39.41
Change
-$0.61
Change %
-1.51%
Volume
26,491

NMIH · trading date Oct 12, 2026 · previous close $40.02 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$706.44M
Net income
$388.93M
Total assets
$3.84B
Total liabilities
$1.25B
Stockholders' equity
$2.59B
Cash & equivalents
$43.94M
Operating income
—
Operating cash flow
$419.30M
Capital expenditures
$6.78M

Fiscal year 2025, via 10-K filed 2026-02-12. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
55.1%
Free cash flow
$412.52M
Free cash flow margin
58.4%
Liabilities / assets
32.5%
Equity / assets
67.5%
CapEx / revenue
1.0%
Operating cash flow / net income
1.08×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $706.44M $388.93M $3.84B $1.25B $2.59B
2024 $650.97M $360.11M $3.35B $1.13B $2.22B
2023 $579.00M $322.11M $2.94B $1.01B $1.93B
2022 $523.35M $292.90M $2.52B $902.30M $1.61B
2021 $485.07M $231.13M $2.45B $884.80M $1.57B
Company Details
SIC code
6351
State of incorporation
CA
Active filer
Yes
Most recent SEC filing
Form 4
2026-09-15
Financials filed via
Form 10-K
filed 2026-02-12

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Emeryville, CA 94608
2100 POWELL STREET, 12TH FLOOR
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:17 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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