NMI Holdings (NMIH) Operating Expenses (2012 - 2026)

NMI Holdings (NMIH) reported Operating Expenses of $58.5 million for Q1 2026, up 39.78% on a YoY basis from $41.9 million in Q1 2025, and down 1.77% sequentially from $59.6 million in Q4 2025.

NMI Holdings (NMIH) Operating Expenses (2012 - 2026) Analysis & Trends

NMI Holdings (NMIH) has 15 years of Operating Expenses data on file, last reported at $58.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 39.78% year-over-year to $58.5 million; the trailing twelve-month figure through Mar 2026 stood at $223.3 million (up 18.93% YoY), and the FY2025 full-year result was $206.6 million, up 10.17% from the prior year.
  • Operating Expenses fell to $58.5 million in Q1 2026, from $59.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $59.6 million in Q4 2025 to a low of $32.0 million in Q3 2022.
  • A 5-year average of $45.0 million and a median of $41.9 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses tumbled 31.34% in 2022 and jumped 39.78% in 2026, its largest moves.
  • Tracing NMIH's Operating Expenses over 5 years: stood at $38.3 million in 2022, then increased by 20.54% to $46.2 million in 2023, then rose by 20.42% to $55.6 million in 2024, then advanced by 7.11% to $59.6 million in 2025, then decreased by 1.77% to $58.5 million in 2026.
  • Business Quant data shows NMIH's Operating Expenses at $58.5 million in Q1 2026, $59.6 million in Q4 2025, and $55.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Fidelity National Financial 13.08 Bn 10.42 Bn 3.16 Bn 2.73 Bn
2 Axis Capital Holdings 8.50 Bn 7.97 Bn 613.18 Mn 1.34 Bn
3 First American Financial 7.10 Bn 4.22 Bn 1.77 Bn 1.83 Bn
4 Enact Holdings 6.51 Bn 5.96 Bn 205.69 Mn 98.69 Mn
5 Mgic Investment 6.26 Bn 6.23 Bn 263.84 Mn 90.25 Mn
6 Essent 6.05 Bn 6.05 Bn 211.88 Mn 129.35 Mn
7 Radian 5.96 Bn 5.91 Bn 304.36 Mn 2.23 Mn
8 Assured Guaranty 3.78 Bn 3.28 Bn 65.00 Mn 227.00 Mn
9 NMI Holdings 3.17 Bn 3.10 Bn 134.15 Mn 58.53 Mn
10 Employers Holdings 957.12 Mn 620.72 Mn 51.80 Mn 194.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 58.53 Mn
Dec 31, 2025 59.59 Mn
Sep 30, 2025 55.00 Mn
Jun 30, 2025 50.18 Mn
Mar 31, 2025 41.88 Mn
Dec 31, 2024 55.63 Mn
Sep 30, 2024 46.77 Mn
Jun 30, 2024 43.48 Mn
Mar 31, 2024 41.69 Mn
Dec 31, 2023 46.20 Mn
Sep 30, 2023 40.86 Mn
Jun 30, 2023 38.64 Mn
Mar 31, 2023 40.61 Mn
Dec 31, 2022 38.33 Mn
Sep 30, 2022 31.99 Mn
Jun 30, 2022 35.03 Mn
Mar 31, 2022 40.69 Mn
Dec 31, 2021 46.91 Mn
Sep 30, 2021 46.59 Mn
Jun 30, 2021 47.11 Mn