NMI Holdings annual free cash flow
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2025
NMI Holdings Free Cash Flow (FCF) History (NMIH)
NMI Holdings reported $412.5M in free cash flow for fiscal 2025, an increase of 6.68% from the previous fiscal year, with a free cash flow margin of 58.39%.
View full NMI Holdings company overviewNMI Holdings free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $412.5M | $25.8M | +6.68% | +58.39% |
| 2024 | 2024-12-31 | $386.7M | $53.4M | +16.02% | +59.40% |
| 2023 | 2023-12-31 | $333.3M | $30.5M | +10.07% | +57.57% |
| 2022 | 2022-12-31 | $302.8M | −$10.7M | −3.40% | +57.86% |
| 2021 | 2021-12-31 | $313.5M | $73.0M | +30.38% | +64.63% |
| 2020 | 2020-12-31 | $240.4M | $42.2M | +21.31% | +55.49% |
| 2019 | 2019-12-31 | $198.2M | $60.4M | +43.83% | +52.33% |
| 2018 | 2018-12-31 | $137.8M | $78.5M | +132.56% | +50.10% |
| 2017 | 2017-12-31 | $59.3M | −$1.2M | −2.02% | +32.42% |
| 2016 | 2016-12-31 | $60.5M | $25.1M | +71.18% | +48.84% |
| 2015 | 2015-12-31 | $35.3M | $64.5M | — | +65.90% |
| 2014 | 2014-12-31 | −$29.2M | $13.8M | — | −151.84% |
| 2013 | 2013-12-31 | −$43.0M | −$26.0M | — | −606.62% |
| 2012 | 2012-12-31 | −$17.0M | — | — | −6001.06% |
NMI Holdings quarterly free cash flow
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Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $140.2M | $13.5M | +10.69% | +74.64% |
| Q1 2026 | 2026-03-31 | $115.0M | $15.5M | +15.63% | +62.67% |
| Q4 2025 | 2025-12-31 | $60.1M | $25.7M | +74.57% | +33.25% |
| Q3 2025 | 2025-09-30 | $126.3M | −$668,000 | −0.53% | +70.67% |
| Q2 2025 | 2025-06-30 | $126.7M | $10.8M | +9.28% | +72.91% |
| Q1 2025 | 2025-03-31 | $99.4M | −$9.9M | −9.09% | +57.40% |
| Q4 2024 | 2024-12-31 | $34.4M | $5.8M | +20.18% | +20.67% |
| Q3 2024 | 2024-09-30 | $126.9M | $9.5M | +8.05% | +76.43% |
| Q2 2024 | 2024-06-30 | $115.9M | $17.1M | +17.27% | +71.52% |
| Q1 2024 | 2024-03-31 | $109.4M | $21.1M | +23.86% | +70.01% |
| Q4 2023 | 2023-12-31 | $28.6M | −$332,000 | −1.15% | +18.92% |
| Q3 2023 | 2023-09-30 | $117.5M | $12.2M | +11.54% | +79.29% |
| Q2 2023 | 2023-06-30 | $98.9M | $8.7M | +9.63% | +69.29% |
| Q1 2023 | 2023-03-31 | $88.3M | $10.0M | +12.74% | +64.57% |
| Q4 2022 | 2022-12-31 | $29.0M | −$12.2M | −29.68% | +21.77% |
| Q3 2022 | 2022-09-30 | $105.3M | $9.5M | +9.96% | +80.66% |
| Q2 2022 | 2022-06-30 | $90.2M | −$3.3M | −3.53% | +68.21% |
| Q1 2022 | 2022-03-31 | $78.3M | −$4.7M | −5.63% | +61.47% |
| Q4 2021 | 2021-12-31 | $41.2M | $6.6M | +19.22% | +32.95% |
| Q3 2021 | 2021-09-30 | $95.8M | $12.6M | +15.18% | +77.22% |
| Q2 2021 | 2021-06-30 | $93.5M | $17.1M | +22.43% | +77.41% |
| Q1 2021 | 2021-03-31 | $83.0M | $36.6M | +79.05% | +72.06% |
| Q4 2020 | 2020-12-31 | $34.6M | −$31.5M | −47.69% | +31.45% |
| Q3 2020 | 2020-09-30 | $83.2M | $33.9M | +68.73% | +77.15% |
| Q2 2020 | 2020-06-30 | $76.4M | $20.1M | +35.61% | +70.74% |
| Q1 2020 | 2020-03-31 | $46.4M | $19.8M | +74.75% | +43.06% |
| Q4 2019 | 2019-12-31 | $66.1M | $22.3M | +50.93% | +62.99% |
| Q3 2019 | 2019-09-30 | $49.3M | $13.3M | +37.12% | +48.51% |
| Q2 2019 | 2019-06-30 | $56.3M | $18.0M | +46.94% | +61.75% |
| Q1 2019 | 2019-03-31 | $26.5M | $6.8M | +34.24% | +32.71% |
| Q4 2018 | 2018-12-31 | $43.8M | $19.4M | +79.83% | +57.41% |
| Q3 2018 | 2018-09-30 | $35.9M | $10.8M | +42.74% | +50.09% |
| Q2 2018 | 2018-06-30 | $38.3M | $23.4M | +157.40% | +56.81% |
| Q1 2018 | 2018-03-31 | $19.8M | $24.9M | — | +33.18% |
| Q4 2017 | 2017-12-31 | $24.3M | $7.6M | +45.69% | +44.64% |
| Q3 2017 | 2017-09-30 | $25.2M | $2.8M | +12.50% | +51.44% |
| Q2 2017 | 2017-06-30 | $14.9M | −$8.1M | −35.17% | +35.28% |
| Q1 2017 | 2017-03-31 | −$5.2M | −$3.6M | — | −13.92% |
| Q4 2016 | 2016-12-31 | $16.7M | −$6.6M | −28.38% | +45.62% |
| Q3 2016 | 2016-09-30 | $22.4M | $6.2M | +38.73% | +63.02% |
| Q2 2016 | 2016-06-30 | $23.0M | $18.2M | +386.22% | +77.89% |
| Q1 2016 | 2016-03-31 | −$1.6M | $7.3M | — | −7.14% |
| Q4 2015 | 2015-12-31 | $23.3M | $26.3M | — | +123.69% |
| Q3 2015 | 2015-09-30 | $16.1M | $20.1M | — | +109.73% |
| Q2 2015 | 2015-06-30 | $4.7M | $13.3M | — | +43.34% |
| Q1 2015 | 2015-03-31 | −$8.9M | $4.8M | — | −96.87% |
| Q4 2014 | 2014-12-31 | −$3.0M | $5.3M | — | −49.57% |
| Q3 2014 | 2014-09-30 | −$3.9M | $4.7M | — | −73.21% |
| Q2 2014 | 2014-06-30 | −$8.6M | $2.5M | — | −241.59% |
| Q1 2014 | 2014-03-31 | −$13.7M | $1.3M | — | −321.52% |
| Q4 2013 | 2013-12-31 | −$8.3M | — | — | −224.48% |
| Q3 2013 | 2013-09-30 | −$8.7M | — | — | −400.46% |
| Q2 2013 | 2013-06-30 | −$11.1M | — | — | −1482.17% |
| Q1 2013 | 2013-03-31 | −$15.0M | — | — | −3164.06% |
NMI Holdings free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $240.4M to $412.5M, a compound annual growth rate of 11.40%. NMI Holdings's latest reported quarter, Q2 2026, generated $140.2M in free cash flow, an increase of 10.69% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review NMI Holdings filings at SEC.gov ↗