NMI Holdings annual operating expenses
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NMI Holdings Operating Expenses Growth & History (NMIH)
NMI Holdings's operating expenses was $206.6M for fiscal 2025.
View full NMI Holdings company overviewNMI Holdings annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $206.6M | $19.1M | +10.17% |
| 2024 | 2024-12-31 | $187.6M | $21.3M | +12.78% |
| 2023 | 2023-12-31 | $166.3M | $20.3M | +13.87% |
| 2022 | 2022-12-31 | $146.0M | −$42.3M | −22.46% |
| 2021 | 2021-12-31 | $188.3M | −$26.8M | −12.47% |
| 2020 | 2020-12-31 | $215.2M | $53.1M | +32.73% |
| 2019 | 2019-12-31 | $162.1M | $23.1M | +16.58% |
| 2018 | 2018-12-31 | $139.1M | $9.1M | +7.01% |
| 2017 | 2017-12-31 | $130.0M | $34.3M | +35.91% |
| 2016 | 2016-12-31 | $95.6M | $14.4M | +17.68% |
| 2015 | 2015-12-31 | $81.2M | $7.7M | +10.54% |
| 2014 | 2014-12-31 | $73.5M | $12.8M | +21.00% |
| 2013 | 2013-12-31 | $60.7M | $33.0M | +118.70% |
| 2012 | 2012-12-31 | $27.8M | — | — |
NMI Holdings quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $50.9M | $767,000 | +1.53% |
| Q1 2026 | 2026-03-31 | $58.5M | $16.7M | +39.78% |
| Q4 2025 | 2025-12-31 | $59.6M | $4.0M | +7.11% |
| Q3 2025 | 2025-09-30 | $55.0M | $8.2M | +17.60% |
| Q2 2025 | 2025-06-30 | $50.2M | $6.7M | +15.41% |
| Q1 2025 | 2025-03-31 | $41.9M | $189,000 | +0.45% |
| Q4 2024 | 2024-12-31 | $55.6M | $9.4M | +20.42% |
| Q3 2024 | 2024-09-30 | $46.8M | $5.9M | +14.45% |
| Q2 2024 | 2024-06-30 | $43.5M | $4.8M | +12.53% |
| Q1 2024 | 2024-03-31 | $41.7M | $1.1M | +2.66% |
| Q4 2023 | 2023-12-31 | $46.2M | $7.9M | +20.54% |
| Q3 2023 | 2023-09-30 | $40.9M | $8.9M | +27.73% |
| Q2 2023 | 2023-06-30 | $38.6M | $3.6M | +10.29% |
| Q1 2023 | 2023-03-31 | $40.6M | −$88,000 | −0.22% |
| Q4 2022 | 2022-12-31 | $38.3M | −$8.6M | −18.29% |
| Q3 2022 | 2022-09-30 | $32.0M | −$14.6M | −31.34% |
| Q2 2022 | 2022-06-30 | $35.0M | −$12.1M | −25.64% |
| Q1 2022 | 2022-03-31 | $40.7M | −$7.0M | −14.76% |
| Q4 2021 | 2021-12-31 | $46.9M | −$1.4M | −2.85% |
| Q3 2021 | 2021-09-30 | $46.6M | −$11.8M | −20.26% |
| Q2 2021 | 2021-06-30 | $47.1M | −$25.9M | −35.44% |
| Q1 2021 | 2021-03-31 | $47.7M | $12.2M | +34.50% |
| Q4 2020 | 2020-12-31 | $48.3M | $6.2M | +14.67% |
| Q3 2020 | 2020-09-30 | $58.4M | $20.8M | +55.16% |
| Q2 2020 | 2020-06-30 | $73.0M | $32.7M | +81.42% |
| Q1 2020 | 2020-03-31 | $35.5M | −$6.6M | −15.76% |
| Q4 2019 | 2019-12-31 | $42.1M | −$5.8M | −12.09% |
| Q3 2019 | 2019-09-30 | $37.7M | $6.2M | +19.63% |
| Q2 2019 | 2019-06-30 | $40.2M | $10.6M | +35.60% |
| Q1 2019 | 2019-03-31 | $42.1M | $12.1M | +40.34% |
| Q4 2018 | 2018-12-31 | $47.9M | −$403,000 | −0.83% |
| Q3 2018 | 2018-09-30 | $31.5M | $5.9M | +22.95% |
| Q2 2018 | 2018-06-30 | $29.7M | $242,000 | +0.82% |
| Q1 2018 | 2018-03-31 | $30.0M | $3.4M | +12.76% |
| Q4 2017 | 2017-12-31 | $48.3M | $24.2M | +100.60% |
| Q3 2017 | 2017-09-30 | $25.6M | $901,000 | +3.65% |
| Q2 2017 | 2017-06-30 | $29.4M | $5.7M | +24.12% |
| Q1 2017 | 2017-03-31 | $26.6M | $3.5M | +15.11% |
| Q4 2016 | 2016-12-31 | $24.1M | $2.0M | +9.17% |
| Q3 2016 | 2016-09-30 | $24.7M | $4.9M | +24.54% |
| Q2 2016 | 2016-06-30 | $23.7M | $2.8M | +13.39% |
| Q1 2016 | 2016-03-31 | $23.1M | $4.7M | +25.34% |
| Q4 2015 | 2015-12-31 | $22.1M | $4.4M | +24.87% |
| Q3 2015 | 2015-09-30 | $19.8M | $2.0M | +11.00% |
| Q2 2015 | 2015-06-30 | $20.9M | $2.2M | +12.00% |
| Q1 2015 | 2015-03-31 | $18.5M | −$848,000 | −4.39% |
| Q4 2014 | 2014-12-31 | $17.7M | $2.4M | +15.72% |
| Q3 2014 | 2014-09-30 | $17.9M | $1.8M | +11.44% |
| Q2 2014 | 2014-06-30 | $18.7M | $1.6M | +9.67% |
| Q1 2014 | 2014-03-31 | $19.3M | $6.9M | +55.34% |
| Q4 2013 | 2013-12-31 | $15.3M | — | — |
| Q3 2013 | 2013-09-30 | $16.0M | $7.9M | +97.62% |
| Q2 2013 | 2013-06-30 | $17.0M | — | — |
| Q1 2013 | 2013-03-31 | $12.4M | — | — |
| Q3 2012 | 2012-09-30 | $8.1M | — | — |
NMI Holdings operating expenses trends
Over the last five fiscal years, NMI Holdings's operating expenses decreased from $215.2M to $206.6M, a change of −$8.5M. The latest reported quarter, Q2 2026, shows $50.9M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review NMI Holdings source filings ↗