NMI Holdings (NMIH) Cost of Revenue (2013 - 2026)

NMI Holdings' Cost of Revenue history runs 14 years deep, the most recent figure standing at $30.6 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 583.85% year-over-year to $30.6 million; the TTM figure through Mar 2026 stood at $94.4 million (up 84.49% YoY), while the FY2025 annual figure was $57.6 million, up 82.76% from the prior year.
• Cost of Revenue came in at $30.6 million for Q1 2026 at NMI Holdings, up from $21.2 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $32.9 million in Q1 2022 to a low of $276000.0 in Q2 2024.
• A 5-year average of $20.9 million and a median of $26.7 million in 2022 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue slumped 98.99% in 2024 and jumped 4771.38% in 2025, its largest moves.
• NMI Holdings' Cost of Revenue stood at $26.7 million in 2022, then increased by 11.25% to $29.7 million in 2023, then tumbled by 41.94% to $17.3 million in 2024, then increased by 22.71% to $21.2 million in 2025, then jumped by 44.64% to $30.6 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $30.6 million, $21.2 million, and $29.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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