NI Holdings (NODK) Cost of Revenue (2017 - 2026)
NI Holdings (NODK) posted quarterly Cost of Revenue of $23.4 million for Q1 2026, down 39.37% year-over-year from $38.5 million in Q1 2025, and down 40.81% quarter-over-quarter from $39.5 million in Q4 2025.
NI Holdings (NODK) Cost of Revenue (2017 - 2026) Analysis & Trends
NI Holdings (NODK) has reported Cost of Revenue for 10 consecutive years, with $23.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 39.37% year-over-year to $23.4 million; the TTM figure through Mar 2026 stood at $185.6 million (down 9.83% YoY), while the FY2025 annual figure was $200.8 million, down 3.22% from the prior year.
- Cost of Revenue fell to $23.4 million in Q1 2026 per NODK's latest filing, from $39.5 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $108.6 million in Q2 2022 and bottomed at $14.1 million in Q4 2022.
- Historically, Cost of Revenue has averaged $51.6 million across 5 years, with a median of $53.2 million in 2023.
- Annual changes were most pronounced in 2022 — Cost of Revenue plunged 72.24% — and 2023, when it surged 127.92%.
- NI Holdings' Cost of Revenue stood at $14.1 million in 2022, then soared by 127.92% to $32.2 million in 2023, then rose by 2.2% to $32.9 million in 2024, then climbed by 20.07% to $39.5 million in 2025, then sank 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | 6.69 Bn |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | 14.57 Bn |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | 5.92 Bn |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | 2.32 Bn |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | - |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | 1.89 Bn |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | 2.17 Bn |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 1.19 Bn |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 748.30 Mn |
| 10 | NI Holdings | 322.78 Mn | -53.70 Mn | 21.82 Mn | 48.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 48.42 Mn |
| Jun 30, 2026 | 48.42 Mn |
| Mar 31, 2026 | 23.36 Mn |
| Mar 31, 2026 | 23.36 Mn |
| Dec 31, 2025 | 39.46 Mn |
| Dec 31, 2025 | 39.46 Mn |
| Sep 30, 2025 | 56.20 Mn |
| Sep 30, 2025 | 56.20 Mn |
| Jun 30, 2025 | 66.61 Mn |
| Jun 30, 2025 | 66.61 Mn |
| Mar 31, 2025 | 38.53 Mn |
| Mar 31, 2025 | 38.53 Mn |
| Dec 31, 2024 | 32.86 Mn |
| Dec 31, 2024 | 32.86 Mn |
| Sep 30, 2024 | 65.10 Mn |
| Sep 30, 2024 | 65.10 Mn |
| Jun 30, 2024 | 69.36 Mn |
| Jun 30, 2024 | 69.36 Mn |
| Mar 31, 2024 | 40.14 Mn |
| Mar 31, 2024 | 40.14 Mn |