FY2025 · ended Dec 31, 2025 · Revenue $706.44M, +8.5% YoY · Filed Feb 12, 2026
NMI Holdings, Inc. (NMIH) files with the SEC under industry code 6351, Surety Insurance. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $706.4 million and net income of $388.9 million. Free cash flow was $412.5 million.
Revenue (TTM)
$730.78M
+7.5% vs year-ago TTM
Net income (TTM)
$395.33M
+4.7% vs year-ago TTM
Operating cash flow (TTM)
$448.51M
+13.9% vs year-ago TTM
Free cash flow (TTM)
$441.61M
+14.0% vs year-ago TTM
EPS (TTM)
$5.08
+7.9% vs year-ago TTM
Dividend per share
None
Shares outstanding
76.03M
-3.1% vs prior year
Net cash
$3.17B
FY 2025
Operating margin
—
Company profile
- Industry
- Surety Insurance (SIC 6351)
- Listed as
- NMIH (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- CA
- Headquarters
- Emeryville, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1547903
Other Surety Insurance companies
- Old Republic International Corp ORI
- Essent Group Ltd. ESNT
- Mgic Investment Corp MTG
- Radian Group Inc RDN
- Assured Guaranty Ltd AGO
- Mbia Inc MBI
- Octave Specialty Group Inc OSG
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $706.4M | $651.0M | $579.0M | $523.3M | $485.1M |
| Net income | $388.9M | $360.1M | $322.1M | $292.9M | $231.1M |
| Diluted EPS | $4.92 | $4.43 | $3.84 | $3.39 | $2.65 |
| Operating cash flow | $419.3M | $393.6M | $342.7M | $313.4M | $325.7M |
| Free cash flow | $412.5M | $386.7M | $333.3M | $302.8M | $313.5M |
| Total assets | $3.8B | $3.3B | $2.9B | $2.5B | $2.5B |
| Total liabilities | $1.2B | $1.1B | $1.0B | $902.3M | $884.8M |
| Stockholders' equity | $2.6B | $2.2B | $1.9B | $1.6B | $1.6B |
| Cash and investments | $3.2B | $2.8B | $2.5B | $2.1B | $2.2B |
| Total debt | $8.5M | $10.3M | $11.4M | $408.2M | $397.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Jul 31, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 15, 2026 | May 14, 2026 |
| 10-Q | Quarterly report | May 1, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
Apr 30, 2026 | Apr 30, 2026 |
| ARS | Annual report to shareholders | Mar 26, 2026 | Dec 31, 2025 |
All 914 NMI Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.