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Discontinued — last reported Q4 '25

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Other financials

Income statement

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Revenue$183.5M+5.9%
Net income$99.3M-3.1%
EPS (diluted)$1.280.0%

Balance sheet

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Cash & equivalents$70.7M-4.8%
Total equity$2.6B+13.4%
Total assets$3.9B+13.1%

Cash flow

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Operating cash flow$116.1M+14.8%
CapEx$1.1M-35.5%
Free cash flow$115.0M+15.6%

Valuation

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Market cap$2.92B+1.3%
P/E7.6×-0.1×
P/S4.1×-0.2×

Profitability

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Net margin53.8%-2.1pp
FCF margin59.7%+3.3pp

Returns & leverage

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Return on equity15.6%-1.8pp
Debt / equity0.0×

Where this comes from

Computed from long term debt + current portion long term debt + short term borrowings + operating lease liabilities + finance lease liabilities + financing obligations: $8.51M.

The official record: NMI Holdings Inc.’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NMI Holdings Inc.'s total debt?
NMI Holdings Inc. (NMIH) reported total debt of $8.51M in Q4 2025.
How has NMI Holdings Inc.'s total debt changed year-over-year?
NMI Holdings Inc.'s total debt decreased by 17.4% year-over-year, from $10.3M to $8.51M.
What is the long-term trend for NMI Holdings Inc.'s total debt?
Over 5 years (2020 to 2025), NMI Holdings Inc.'s total debt has grown at a -53.7% compound annual growth rate (CAGR), from $398.6M to $8.51M.
What does total debt mean?
Total debt represents the aggregate sum of all interest-bearing financial obligations, including short-term borrowings, the current portion of long-term debt, and long-term debt instruments. It also encompasses capitalized lease liabilities and other debt-like financing arrangements that require fixed repayment schedules. This metric serves as a comprehensive indicator of a company's total financial leverage and its reliance on external capital providers.