NMI Holdings, Inc.
Company Stats
- Market Cap
- $2.8B
- as of Sep 30, 2026
- Shares Outstanding
- 75.2M
- Free Float
- 94.0%
Income Statement
- Revenue
- $706.4M
- Net Income
- $388.9M
- Revenue Growth, 3Y
- 10.5%
- FCF Margin, 3Y Avg
- 58.5%
- FCF Margin, Worst Year
- 57.6%
Cash Flow
- Free Cash Flow
- $412.5M
- FCF Yield
- 14.7%
- Owner FCF Yield
- 14.0%
Returns & Capital
- Share Repurchases
- $105.1M
- Buyback Yield, 3Y Avg
- 3.5%
- SBC, 3Y Avg
- $19.0M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $706.4M | $412.5M | 58.4% |
| FY2024 | $651.0M | $386.7M | 59.4% |
| FY2023 | $579.0M | $333.3M | 57.6% |
| FY2022 | $523.3M | $302.8M | 57.9% |
| FY2021 | $485.1M | $313.5M | 64.6% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 31, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Financial Services Earnings: Demand Strong, Costs Bite Back