NMIH - NASDAQ

NMI Holdings, Inc.

NMIH·NASDAQ

$35.42

-0.31%

Financial ServicesInsurance - Specialty

NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.69B

EPS5.0100

P/E Ratio7.07

Earnings Date08/04/2026

3.84B

Assets

15%

3Y+53.0%

5Y+77.0%

10Y+357.0%

1.25B

Total Liabilities

10%

3Y+38.0%

5Y+57.0%

10Y+243.0%

2.59B

Total Equity

17%

3Y+61.0%

5Y+89.0%

10Y+445.0%

NMI Holdings, Inc. Funding & Solvency Profile

NMIH · NASDAQ

Current Assets

Cash & Cash Equivalents43.94M

Net Receivables152.09M

Inventory0.00

Other Current Assets0.00

Total Current Assets1 B

Non-Current Assets

Property, Plant & Equipment21.73M

Goodwill & Intangible Assets68.01M

Long-Term Investments2.73B

Other Non-Current Assets18.06M

Total Non-Current Assets3 B

Total Assets

3.84B

Financial Health Analysis

Current Ratio

1.90x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

0.48x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

475 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

26% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

NMI Holdings, Inc. Balance Sheet

NMIH • NASDAQ

NMI Holdings, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	43.9M	54.2M	95.4M	42.3M	73.5M	121.4M	38.4M	23.9M	19.2M	47.7M	57.3M	103M	55.9M	485.9M	0.0
Short-Term Investments	404.4M	0.0	0.0	0.0	2.1B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	448.4M	54.2M	95.4M	42.3M	2.2B	121.4M	38.4M	23.9M	19.2M	47.7M	57.3M	103M	55.9M	485.9M	0.0
Net Receivables	152.1M	115.1M	104M	91.3M	92.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Accounts Receivables	124.8M	115.1M	104M	91.3M	80.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Receivables	27.3M	0.0	0.0	0.0	11.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Prepaids	400.3M	0.0	0.0	0.0	89.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	182.5K
Other Current Assets	0.0	-115.1M	-104M	-91.3M	3.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Assets	1B	54.2M	95.4M	42.3M	2.3B	121.4M	38.4M	23.9M	19.2M	47.7M	57.3M	103M	55.9M	485.9M	0.0
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	21.7M	33.9M	39.4M	42.3M	32M	34.3M	32.5M	24.8M	22.8M	20.4M	15.2M	11.8M	8.9M	7.6M	0.0
Goodwill	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	3.2M	0.0	3.2M	0.0
Intangible Assets	64.8M	64.7M	63.3M	59M	60M	62.6M	60.4M	47.2M	38.3M	30.5M	17.9M	3.4M	3.7M	390K	0.0
Goodwill & Intangible Assets	68M	68M	66.5M	62.2M	63.2M	65.9M	63.6M	50.5M	41.6M	33.7M	21.2M	6.6M	3.7M	3.6M	0.0
Long-Term Investments	2.7B	2.7B	2.4B	2.1B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	18.1M	470.4M	368.2M	269.9M	10.9M	1.9B	1.2B	992.9M	811.3M	738M	568.8M	341.8M	412.7M	-11.2M	209.8K
Total Non-Current Assets	2.8B	3.3B	2.8B	2.5B	106.2M	2B	1.3B	1.1B	875.7M	792.2M	605.1M	360.2M	425.3M	11.2M	209.8K
Total Assets	3.8B	3.3B	2.9B	2.5B	2.5B	2.2B	1.4B	1.1B	894.8M	839.9M	662.5M	463.3M	481.2M	542.8M	209.8K
LIABILITIES
CURRENT LIABILITIES
Total Payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.4M
Accounts Payable	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.4M
Accrued Expenses	0.0	15.6M	2.5M	2.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Short Term Debt	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	205.3K
Tax Payables	400.3M	322.2M	0.0	154.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	46.7M	65.2M	92.3M	123M	139.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	478.9M	-65.2M	-92.3M	-123M	275.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.6M
Total Current Liabilities	525.6M	15.6M	2.5M	2.5M	414.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	38.3M	1.6M
NON-CURRENT LIABILITIES
Long Term Debt	417M	415.1M	397.6M	396.1M	394.6M	393.3M	145.8M	146.8M	143.9M	144.4M	143.9M	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	478.9M	0.0	0.0	0.0	164.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	-172.4M	701.8M	614.4M	503.8M	-88.9M	403.8M	288.6M	243.8M	241.9M	220M	115.8M	36.3M	18M	0.0	0.0
Total Non-Current Liabilities	723.6M	1.1B	1B	899.8M	469.9M	797.1M	434.4M	390.5M	385.8M	364.4M	259.7M	36.3M	18M	0.0	1.6M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.6M
Capital Lease Obligations	0.0	0.0	0.0	0.0	0.0	0.0	4.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	1.2B	1.1B	1B	902.3M	884.8M	797.1M	434.4M	390.5M	385.8M	364.4M	259.7M	36.3M	18M	38.3M	1.6M
SHAREHOLDERS' EQUITY
Treasury Stock	-351.8M	-246.6M	-148.9M	-56.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Common Stock	884K	879K	873K	865K	858K	852K	684K	663K	605K	591K	588K	584K	581K	555K	0.0
Additional Paid-In Capital	1B	1B	990.8M	972.7M	955.3M	937.9M	707M	682.2M	585.5M	576.9M	570.3M	562.9M	553.7M	0.0	0.0
Retained Earnings	2B	1.6B	1.2B	901M	608.1M	377M	205.4M	33.5M	-74.2M	-96.7M	-160.7M	-132.9M	-84M	-28.8M	-1.3M
Accumulated Other Comprehensive Income/Loss	-46.1M	-124.8M	-139.9M	-204.3M	1.5M	53.9M	17.3M	-14.8M	-2.9M	-5.3M	-7.5M	-3.6M	-7M	0.0	0.0
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	517M	0.0
Total Stockholders' Equity	2.6B	2.2B	1.9B	1.6B	1.6B	1.4B	930.4M	701.5M	509.1M	475.5M	402.7M	427M	463.2M	488.7M	-1.3M
Total Equity	2.6B	2.2B	1.9B	1.6B	1.6B	1.4B	930.4M	701.5M	509.1M	475.5M	402.7M	427M	463.2M	488.7M	-1.3M
SUMMARY
Total Liabilities & Equity	3.8B	3.3B	2.9B	2.5B	2.5B	2.2B	1.4B	1.1B	894.8M	839.9M	662.5M	463.3M	481.2M	0.0	209.8K
Total Investments	3.1B	2.7B	2.4B	2.1B	2.1B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Debt	417M	415.1M	397.6M	396.1M	394.6M	393.3M	145.8M	146.8M	143.9M	144.4M	143.9M	0.0	0.0	0.0	205.3K
Net Debt	373.1M	360.9M	302.2M	353.8M	321.1M	271.9M	107.3M	122.9M	124.7M	96.6M	86.6M	-103M	-55.9M	0.0	205.3K
Shares Outstanding	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928	76,867,928

SEC Filings

NMIH - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 15, 2026	May 14, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 01, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	March 26, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 12, 2026	February 12, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 12, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 10, 2026	February 10, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	November 05, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 04, 2025	November 04, 2025	2025	View Filing
10-Q 10-Q 2025 Q2 Q2	July 30, 2025	June 30, 2025	2025	View Filing

Showing 1 to 10 of 191 filings

Related Guides

Blog Categories

Continue your NMIH research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.