NMI Holdings (NMIH) Cost of Revenue (2021 - 2026)
NMI Holdings (NMIH) posted Cost of Revenue of $13.15 million for Q2 2026, down 2.2% from $13.45 million a year earlier and down 36.4% from the prior quarter.
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Analysis
NMI Holdings (NMIH) Cost of Revenue (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at NMI Holdings was $73.53 million, up 61.6% year-over-year; for FY2025, it was $57.65 million, up 82.8% from FY2024.
- Annual Cost of Revenue has increased for three consecutive years, with a four-year compound annual growth rate of 47.1% (FY2021 to FY2025).
- In prior years, NMI Holdings' Cost of Revenue was $31.54 million in FY2024 (+39.5%), $22.62 million in FY2023 (+529.3%), $3.59 million in FY2022 (-70.8%) and $12.31 million in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Cost of Revenue since Q1 2025.
- On a year-over-year basis, Cost of Revenue increased in six of the last seven quarters, with growth averaging 101.0%.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q1 2023, with growth of 982.6%; the weakest was Q2 2024, with a decline of 90.4%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $20.66 million (Q1 2026), $21.17 million (Q4 2025) and $18.55 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.21 Bn | -334.26 Bn | 55.86 Bn | 45.95 Bn |
| 2 | Chubb | 127.58 Bn | 79.64 Bn | 9.13 Bn | 6.69 Bn |
| 3 | Progressive | 122.25 Bn | 98.08 Bn | 9.04 Bn | 14.57 Bn |
| 4 | Marsh & Mclennan Companies | 81.29 Bn | 73.03 Bn | - | - |
| 5 | Travelers Companies | 75.19 Bn | 51.44 Bn | 6.23 Bn | 5.92 Bn |
| 6 | Manulife Financial | 73.16 Bn | 74.37 Bn | - | - |
| 7 | Metlife | 60.22 Bn | -46.26 Bn | 7.82 Bn | 11.34 Bn |
| 8 | Arthur J. Gallagher | 57.98 Bn | 52.41 Bn | - | - |
| 9 | Aon | 57.16 Bn | 50.40 Bn | - | - |
| 10 | NMI Holdings | 2.93 Bn | 2.61 Bn | 174.74 Mn | 13.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.15 Mn |
| Mar 31, 2026 | 20.66 Mn |
| Dec 31, 2025 | 21.17 Mn |
| Sep 30, 2025 | 18.55 Mn |
| Jun 30, 2025 | 13.45 Mn |
| Mar 31, 2025 | 4.48 Mn |
| Dec 31, 2024 | 17.25 Mn |
| Sep 30, 2024 | 10.32 Mn |
| Jun 30, 2024 | 276,000.00 |
| Mar 31, 2024 | 3.69 Mn |
| Dec 31, 2023 | 8.23 Mn |
| Sep 30, 2023 | 4.81 Mn |
| Jun 30, 2023 | 2.87 Mn |
| Mar 31, 2023 | 6.70 Mn |
| Dec 31, 2022 | -3.45 Mn |
| Sep 30, 2022 | 3.39 Mn |
| Jun 30, 2022 | 3.04 Mn |
| Mar 31, 2022 | 619,000.00 |
| Dec 31, 2021 | -501,000.00 |
| Sep 30, 2021 | 3.20 Mn |
API Access
NMI Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NMIH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NMIH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NMIH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();