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

NMI Holdings has disclosed Cost of Revenue across 14 years of filings, most recently posting $30.6 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $30.6 million, up 583.85% year-over-year; the trailing twelve-month figure through Mar 2026 was $94.4 million (up 84.49% YoY), and the FY2025 annual result 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.
• The 5-year median for Cost of Revenue is $26.7 million (2022), against an average of $20.9 million.
• Across the five-year window, Cost of Revenue tumbled 98.99% in 2024 and soared 4771.38% in 2025, its largest moves.
• NMI Holdings' Cost of Revenue stood at $26.7 million in 2022, then grew by 11.25% to $29.7 million in 2023, then plunged by 41.94% to $17.3 million in 2024, then grew by 22.71% to $21.2 million in 2025, then soared by 44.64% to $30.6 million in 2026.
• The last three Cost of Revenue figures came in at $30.6 million (Q1 2026), $21.2 million (Q4 2025), and $29.2 million (Q3 2025), per Business Quant data.