NI Holdings (NODK) Cost of Revenue (2017 - 2026)

NI Holdings (NODK) has 10 years of Cost of Revenue data on file, last reported at $23.4 million in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $23.4 million, down 39.37% year-over-year; the trailing twelve-month figure through Mar 2026 was $185.6 million (down 9.83% YoY), and the FY2025 annual result was $200.8 million, down 3.22% from the prior year.
• Cost of Revenue slipped to $23.4 million in Q1 2026 per NODK's latest filing, from $39.5 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $108.6 million in Q2 2022 and troughed at $14.1 million in Q4 2022.
• A 5-year average of $51.6 million and a median of $53.2 million in 2023 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue plunged 72.24% in 2022, then surged 127.92% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $14.1 million in 2022, then surged by 127.92% to $32.2 million in 2023, then increased by 2.2% to $32.9 million in 2024, then advanced by 20.07% to $39.5 million in 2025, then plunged by 40.81% to $23.4 million in 2026.
• Business Quant data shows NODK's Cost of Revenue at $23.4 million in Q1 2026, $39.5 million in Q4 2025, and $56.2 million in Q3 2025.