# NMI Holdings, Inc.: overview

NMIH · Nasdaq · CIK 1547903 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/nmih.md) · [Financials](/companies/nmih/financials.md) · [Filings](/companies/nmih/filings.md) · [Insiders](/companies/nmih/insiders.md)

Latest reported revenue: [$187.9m](/filings/0001547903-26-000038.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 31, 2026 (XBRL us-gaap:Revenues, accession 0001547903-26-000038).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [166](/filings/0001547903-25-000103.md) | [167 d](/filings/0001547903-26-000011.md) | [173](/filings/0001547903-26-000029.md) | [174](/filings/0001547903-26-000038.md) | [179](/filings/0001547903-25-000103.md) | [181 d](/filings/0001547903-26-000011.md) | [183](/filings/0001547903-26-000029.md) | [188](/filings/0001547903-26-000038.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [55.9%](/filings/0001547903-25-000103.md) | [51.8% d](/filings/0001547903-26-000011.md) | [59.2%](/filings/0001547903-26-000038.md) | [55.3%](/filings/0001547903-26-000038.md) | [53.7%](/filings/0001547903-25-000103.md) | [52.1% d](/filings/0001547903-26-000011.md) | [54.1%](/filings/0001547903-26-000038.md) | [56.3%](/filings/0001547903-26-000038.md) |
| Diluted EPS | $ per share | [1.15](/filings/0001547903-25-000103.md) | not reported | [1.28](/filings/0001547903-26-000029.md) | [1.21](/filings/0001547903-26-000038.md) | [1.22](/filings/0001547903-25-000103.md) | not reported | [1.28](/filings/0001547903-26-000029.md) | [1.38](/filings/0001547903-26-000038.md) |
| Free cash flow | $m | [127 d](/filings/0001547903-25-000103.md) | [34.4 d](/filings/0001547903-26-000011.md) | [99.4](/filings/0001547903-26-000029.md) | [127 d](/filings/0001547903-26-000038.md) | [126 d](/filings/0001547903-25-000103.md) | [60.1 d](/filings/0001547903-26-000011.md) | [115](/filings/0001547903-26-000029.md) | [140 d](/filings/0001547903-26-000038.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [485](/filings/0001547903-24-000035.md) | [523](/filings/0001547903-25-000026.md) | [579](/filings/0001547903-26-000011.md) | [651](/filings/0001547903-26-000011.md) | [706](/filings/0001547903-26-000011.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [47.6%](/filings/0001547903-24-000035.md) | [56.0%](/filings/0001547903-25-000026.md) | [55.6%](/filings/0001547903-26-000011.md) | [55.3%](/filings/0001547903-26-000011.md) | [55.1%](/filings/0001547903-26-000011.md) |
| Diluted EPS | $ per share | [2.65](/filings/0001547903-24-000035.md) | [3.39](/filings/0001547903-25-000026.md) | [3.84](/filings/0001547903-26-000011.md) | [4.43](/filings/0001547903-26-000011.md) | [4.92](/filings/0001547903-26-000011.md) |
| Free cash flow | $m | [313](/filings/0001547903-24-000035.md) | [303](/filings/0001547903-25-000026.md) | [333](/filings/0001547903-26-000011.md) | [387](/filings/0001547903-26-000011.md) | [413](/filings/0001547903-26-000011.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/nmih/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $541.9m | 13,189,334 |  | Added +326,180 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $191.7m | 4,665,910 |  | Added +314,102 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $142.9m | 3,478,523 |  | Added +175,276 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $140.5m | 3,420,198 |  | Reduced −10,255 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $125.2m | 3,046,624 |  | Added +326,477 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $119.2m | 2,901,852 |  | Reduced −104,826 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $86.7m | 2,110,234 |  | Added +95,606 |
| [NOMURA ASSET MANAGEMENT INTERNATIONAL INC.](/funds/921739.md) | 2026-06-30 | $77.4m | 1,883,225 |  | Added +215,297 |
| [FULLER & THALER ASSET MANAGEMENT, INC.](/funds/1082327.md) | 2026-06-30 | $54.0m | 1,314,375 |  | Added +243,795 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $52.4m | 1,275,890 |  | Added +116,993 |

## Recent filings

[All 913 filings](/companies/nmih/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-07-31 | 17:37 ET | [10-Q](/filings/0001547903-26-000038.md) | Quarterly report, period 2026-06-30 | 0001547903-26-000038 |
| 2026-07-30 | 16:03 ET | [8-K](/filings/0001547903-26-000037.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001547903-26-000037 |
| 2026-05-15 | 16:08 ET | [8-K](/filings/0001547903-26-000033.md) | 5.07 Shareholder vote results | 0001547903-26-000033 |
| 2026-05-01 | 17:37 ET | [10-Q](/filings/0001547903-26-000029.md) | Quarterly report, period 2026-03-31 | 0001547903-26-000029 |
| 2026-04-30 | 16:04 ET | [8-K](/filings/0001547903-26-000027.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001547903-26-000027 |
| 2026-03-26 | 16:22 ET | [DEF 14A](/filings/0001547903-26-000019.md) | Proxy statement, period 2025-12-31 | 0001547903-26-000019 |
| 2026-02-12 | 16:28 ET | [8-K](/filings/0001547903-26-000012.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001547903-26-000012 |
| 2026-02-12 | 16:25 ET | [10-K](/filings/0001547903-26-000011.md) | Annual report, period 2025-12-31 | 0001547903-26-000011 |
| 2026-02-10 | 16:06 ET | [8-K](/filings/0001547903-26-000004.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001547903-26-000004 |
| 2025-11-05 | 17:36 ET | [10-Q](/filings/0001547903-25-000103.md) | Quarterly report, period 2025-09-30 | 0001547903-25-000103 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001547903-26-000011.md), filed Feb 12, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/63f7d774-416d-4792-b91f-ff01cb8ea893)

## About the filer

- CIK: 1547903
- Tickers: NMIH
- Exchange: Nasdaq
- SIC code: 6351 Surety Insurance
- State of incorporation: CA
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:42 ET. No prices; not investment advice.