Provides mortgage insurance for high-LTV residential loans.
Jun 2026Revenue $731M/yrExpenses $224M/yr
Expected to fall below break-even Aug 2043
Figures by year
Is NMI Holdings still profitable?
Yes. In the 12 months to Jun 2026, revenue was $731M and expenses $224M. Its expenses are growing faster than its revenue, and the trends are projected to cross in Aug 2043.
| Fiscal year to | Revenue | Expenses | Pre-tax profit |
|---|---|---|---|
| Dec 2025 | $706M | $207M | $500M |
| Dec 2024 | $651M | $188M | $463M |
| Dec 2023 | $579M | $166M | $413M |
| Dec 2022 | $523M | $146M | $377M |
| Dec 2021 | $485M | $188M | $297M |
| Dec 2020 | $433M | $215M | $218M |
| Dec 2019 | $379M | $162M | $217M |
| Dec 2018 | $275M | $139M | $136M |
| Dec 2017 | $183M | $130M | $52.8M |
| Dec 2016 | $124M | $112M | $11.5M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.