FY2025 · ended Dec 31, 2025 · Revenue $285.05M, -12.3% YoY · Filed Mar 6, 2026
Ni Holdings, Inc. (NODK) files with the SEC under industry code 6331, Fire, Marine & Casualty Insurance. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $285.1 million and a net loss of $10.4 million. Free cash flow was -$15.5 million. As of Jun 30, 2026 it held $350.0 million in cash and investments and $2.4 million in total debt.
Revenue (TTM)
$267.39M
-13.9% vs year-ago TTM
Net income (TTM)
$7.83M
+404.6% vs year-ago TTM
Operating cash flow (TTM)
$-32.52M
-262.3% vs year-ago TTM
Free cash flow (TTM)
$-32.61M
-267.3% vs year-ago TTM
EPS (TTM)
$0.37
+409.4% vs year-ago TTM
Dividend per share
None
Shares outstanding
20.54M
-0.7% vs prior year
Net cash
$347.58M
as of Jun 30, 2026
Operating margin
—
Company profile
- Industry
- Fire, Marine & Casualty Insurance (SIC 6331)
- Listed as
- NODK (Nasdaq)
- Fiscal year ends
- December 31
- Headquarters
- Fargo, ND
- SEC filer status
- Accelerated filer
- SEC CIK
- 1681206
- Former names
- NI Holdings, Inc. (until Aug 7, 2026)
Other Fire, Marine & Casualty Insurance companies
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 | $285.1M | $325.2M | $304.0M | $267.8M | $324.0M |
| Net income | -$10.4M | -$6.1M | -$5.5M | -$53.1M | $8.4M |
| Diluted EPS | -$0.50 | -$0.29 | -$0.26 | -$2.49 | — |
| Operating cash flow | -$15.3M | $38.5M | $51.0M | -$15.3M | $29.2M |
| Free cash flow | -$15.5M | $37.5M | $50.4M | -$16.2M | $28.4M |
| Total assets | $506.0M | $526.5M | $654.9M | $614.2M | $651.8M |
| Total liabilities | $265.7M | $281.9M | $404.5M | $361.0M | $304.4M |
| Stockholders' equity | $240.3M | $244.6M | $250.4M | $253.2M | $347.4M |
| Cash and investments | $52.2M | $51.4M | $41.5M | $47.5M | $71.1M |
| Total debt | $3.8M | $4.2M | $4.5M | — | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Aug 7, 2026 | Aug 7, 2026 |
| 10-Q | Quarterly report | Aug 7, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Officer or director change, Shareholder vote results
|
May 26, 2026 | May 19, 2026 |
| 8-K |
Current report
Results of operations
|
May 8, 2026 | May 8, 2026 |
| 10-Q | Quarterly report | May 8, 2026 | Mar 31, 2026 |
| ARS | Annual report to shareholders | Apr 8, 2026 | Dec 31, 2025 |
All 309 Ni Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.