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

NI Holdings has disclosed Cost of Revenue across 10 years of filings, most recently posting $23.4 million for 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 declined to $23.4 million in Q1 2026, from $39.5 million in the prior quarter.
• Over the last five years, Cost of Revenue for NODK reached as high as $108.6 million in Q2 2022 and fell as low as $14.1 million in Q4 2022.
• The 5-year median for Cost of Revenue is $53.2 million (2023), against an average of $51.6 million.
• Annual changes were most pronounced in 2022 — Cost of Revenue slumped 72.24% — and 2023, when it surged 127.92%.
• 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 slumped by 40.81% to $23.4 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $23.4 million, $39.5 million, and $56.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.