NMI Holdings (NMIH) EBITDA (2012 - 2026)

NMI Holdings' (NMIH) quarterly EBITDA came in at $77.3 million in Q1 2026, down 42.06% year-on-year from $133.3 million in Q1 2025, and down 24.1% quarter-over-quarter from $101.8 million in Q4 2025.

NMI Holdings (NMIH) EBITDA (2012 - 2026) Analysis & Trends

NMI Holdings has disclosed EBITDA across 15 years of filings, most recently posting $77.3 million for Q1 2026.

  • EBITDA for Q1 2026 came in at $77.3 million, down 42.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $411.6 million (down 4.16% YoY), and the FY2025 annual result was $467.6 million, up 24.63% from the prior year.
  • EBITDA came in at $77.3 million for Q1 2026 at NMI Holdings, down from $101.8 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $162.2 million in Q3 2024 to a low of -$31.1 million in Q1 2022.
  • The 5-year median for EBITDA is $89.9 million (2022), against an average of $82.0 million.
  • Across the five-year window, EBITDA sank 501.06% in 2022 and jumped 466.65% in 2023, its largest moves.
  • NMI Holdings' EBITDA stood at $89.9 million in 2022, then jumped by 74.75% to $157.1 million in 2023, then tumbled by 72.4% to $43.4 million in 2024, then jumped by 134.78% to $101.8 million in 2025, then dropped by 24.1% to $77.3 million in 2026.
  • The last three EBITDA figures came in at $77.3 million (Q1 2026), $101.8 million (Q4 2025), and $115.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Fidelity National Financial 12.62 Bn 9.96 Bn 2.62 Bn 822.00 Mn
2 Axis Capital Holdings 7.48 Bn 6.61 Bn - 324.57 Mn
3 First American Financial 7.03 Bn 4.14 Bn 1.24 Bn 152.40 Mn
4 Enact Holdings 5.98 Bn 5.43 Bn 205.74 Mn 70.91 Mn
5 Mgic Investment 5.62 Bn 5.37 Bn 202.12 Mn 61.74 Mn
6 Essent 5.48 Bn 5.48 Bn - 135.85 Mn
7 Radian 4.76 Bn 4.68 Bn 368.17 Mn 69.70 Mn
8 Ryan Specialty Holdings 4.49 Bn 4.92 Bn - 98.66 Mn
9 Assured Guaranty 3.43 Bn -489.19 Mn 216.00 Mn 92.00 Mn
10 NMI Holdings 2.86 Bn 2.78 Bn 152.85 Mn 77.25 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 77.25 Mn
Dec 31, 2025 101.79 Mn
Sep 30, 2025 115.10 Mn
Jun 30, 2025 117.42 Mn
Mar 31, 2025 133.34 Mn
Dec 31, 2024 43.35 Mn
Sep 30, 2024 162.19 Mn
Jun 30, 2024 90.53 Mn
Mar 31, 2024 79.15 Mn
Dec 31, 2023 157.07 Mn
Sep 30, 2023 57.70 Mn
Jun 30, 2023 64.79 Mn
Mar 31, 2023 106.96 Mn
Dec 31, 2022 89.88 Mn
Sep 30, 2022 16.89 Mn
Jun 30, 2022 11.43 Mn
Mar 31, 2022 -31.11 Mn
Dec 31, 2021 42.65 Mn
Sep 30, 2021 52.05 Mn
Jun 30, 2021 76.30 Mn