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NI Holdings NODK Finance Lease Liabilities

Discontinued — last reported Q4 '25

Finance Lease Liabilities at other companies

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Mercury GeneralMCY
$1.15M-54.4%

Other financials

Income statement

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Revenue$70.2M-7.7%
Gross profit$15.7M-13.5%
Net income$146.0K+101%
EPS (diluted)$0.01+102%

Balance sheet

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Cash & equivalents$51.6M-9.1%
Total debt$1.4M-67.2%
Total equity$243.8M+1.0%
Total assets$543.1M-12.4%

Cash flow

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Operating cash flow-$1.9M-119%
CapEx$19.0K-88.3%
Free cash flow-$1.9M-119%

Valuation

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Market cap$313.01M+19.6%
P/E40×
P/S1.2×+0.3×

Profitability

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Gross margin30.2%-1.8pp
Net margin2.9%
FCF margin-2.4%

Returns & leverage

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Return on equity-5%-2.1pp
Debt / equity0.0×

Where this comes from

Reported directly by NI Holdings in its filing.

Tagged under the XBRL concept us-gaap:FinanceLeaseLiability.

The source filing: NI Holdings’s 10-K, filed March 6, 2026.

Filed
Mar 6, 2026, 4:06 PM EST
Fiscal year
FY2025
Accession
0001174947-26-000305
Year ending December 31,Operating LeasesFinance LeasesTotal
2026397100497
2027401401
2028376376
2029212212
Thereafter
Total undiscounted lease payments1,3861001,486
Less: present value adjustment96399
Lease liability at December 31, 2025$1,290$97$1,387

Item 8. Item 8. Financial Statements and Supplementary Data Financial Statements and Supplementary Data

FAQ

What is NI Holdings's finance lease liabilities?
NI Holdings (NODK) reported finance lease liabilities of $97K in Q4 2025.
What is the long-term trend for NI Holdings's finance lease liabilities?
Over 2 years (2023 to 2025), NI Holdings's finance lease liabilities has grown at a -35.1% compound annual growth rate (CAGR), from $230K to $97K.
What does finance lease liabilities mean?
Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

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