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NMI Holdings (NMIH) Cost of Revenue (2016 - 2025)

NMI Holdings' Cost of Revenue history spans 11 years, with the latest figure at $31.1 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 80.08% year-over-year to $31.1 million; the TTM value through Dec 2025 reached $119.9 million, up 280.13%, while the annual FY2025 figure was $119.9 million, 280.13% up from the prior year.
  • Cost of Revenue for Q4 2025 was $31.1 million at NMI Holdings, down from $70.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $70.9 million in Q3 2025 and bottomed at -$17.7 million in Q3 2024.
  • The 5-year median for Cost of Revenue is $28.0 million (2023), against an average of $23.6 million.
  • The largest annual shift saw Cost of Revenue surged 961.33% in 2023 before it plummeted 163.91% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $38.8 million in 2021, then tumbled by 108.88% to -$3.4 million in 2022, then soared by 961.33% to $29.7 million in 2023, then crashed by 41.94% to $17.3 million in 2024, then skyrocketed by 80.08% to $31.1 million in 2025.
  • Per Business Quant, the three most recent readings for NMIH's Cost of Revenue are $31.1 million (Q4 2025), $70.9 million (Q3 2025), and $13.4 million (Q2 2025).