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| Date | Value |
|---|---|
| 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 |