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

NMI Holdings has reported Cost of Revenue for 14 years, with the latest figure at $30.5 million in Q2 2026.

• Cost of Revenue for Q2 2026 came in at $30.5 million, up 3.33% year-over-year; the trailing twelve-month figure through Jun 2026 was $121.3 million (up 1.17% YoY), and the FY2025 annual result was $119.9 million, up 1.28% from the prior year.
• Cost of Revenue was little changed at $30.5 million in Q2 2026, from $30.6 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $32.9 million in Q1 2022 and troughed at $25.8 million in Q1 2023.
• A 5-year average of $29.3 million and a median of $29.6 million in 2023 frame the typical range for Cost of Revenue.
• The widest annual swing landed in 2022, when Cost of Revenue sank 31.23%; it then increased 15.62% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $26.7 million in 2022, then rose by 11.25% to $29.7 million in 2023, then grew by 4.63% to $31.1 million in 2024, then fell by 0.07% to $31.1 million in 2025, then retreated by 1.86% to $30.5 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $30.5 million in Q2 2026, $30.6 million in Q1 2026, and $31.1 million in Q4 2025.