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NI Holdings NODK Gross margin

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Other financials

Income statement

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Revenue$59.6M-16.6%
Gross profit$15.7M-13.5%
Net income$12.5M+93.6%
EPS (diluted)$0.60+93.5%

Balance sheet

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Cash & equivalents$57.7M+0.9%
Total debt$1.4M-67.2%
Total equity$243.8M+1.0%
Total assets$492.1M-6.3%

Cash flow

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Operating cash flow-$1.9M-119%
CapEx$42.0K+110%
Free cash flow-$1.9M-119%

Valuation

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Market cap$324.43M+26.1%
P/S1.2×+0.4×

Profitability

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Net margin-1.6%
FCF margin-2.4%

Returns & leverage

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

Where this comes from

Calculated from NI Holdings’s reported figures.

Based on trailing twelve months.

The official record: NI Holdings’s 10-Q, filed November 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is NI Holdings's gross margin?
NI Holdings (NODK) reported gross margin of 30.2% in Q3 2025.
How has NI Holdings's gross margin changed year-over-year?
NI Holdings's gross margin decreased by 5.6% year-over-year, from 32% to 30.2%.
What is the long-term trend for NI Holdings's gross margin?
Over 4 years (2020 to 2024), NI Holdings's gross margin has grown at a -4.3% compound annual growth rate (CAGR), from 37.6% to 31.6%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.