NI Holdings, Inc.NODKEarnings & Financial Report
NI Holdings, Inc. is a United States-based insurance holding company that primarily provides property and casualty insurance products. Its core offerings include personal auto insurance, homeowners insurance, and small commercial insurance, serving individual consumers and small business clients across multiple U.S. states.
Revenue
$87.8M
Gross Profit
$15.8M
Operating Profit
$-9.1M
Net Profit
$-19.6M
Gross Margin
18.0%
Operating Margin
-10.3%
Net Margin
-22.3%
YoY Growth
8.3%
EPS
$-0.94
NI Holdings, Inc. Q2 FY2024 Financial Summary
NI Holdings, Inc. reported revenue of $87.8M (up 8.3% YoY) for Q2 FY2024, with a net profit of $-19.6M (down 141.6% YoY) (-22.3% margin). Cost of goods sold was $72.0M, operating expenses totaled $24.9M.
Key Financial Metrics
| Total Revenue | $87.8M |
|---|---|
| Net Profit | $-19.6M |
| Gross Margin | 18.0% |
| Operating Margin | -10.3% |
| Report Period | Q2 FY2024 |
NI Holdings, Inc. Annual Revenue by Year
NI Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $285.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $285.1M |
| 2024 | $325.2M |
| 2023 | $304.0M |
| 2022 | $267.8M |
NI Holdings, Inc. Quarterly Revenue & Net Profit History
NI Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $61.0M | -17.5% | $-3.2M | -5.2% |
| Q3 FY2025 | $76.6M | -14.0% | $-1.7M | -2.2% |
| Q2 FY2025 | $76.1M | -13.4% | $-12.1M | -15.8% |
| Q1 FY2025 | $71.4M | -4.1% | $6.5M | 9.0% |
| Q4 FY2024 | $73.9M | +16.7% | $9.8M | 13.3% |
| Q3 FY2024 | $89.0M | +14.0% | $-2.7M | -3.0% |
| Q2 FY2024 | $87.8M | +8.3% | $-19.6M | -22.3% |
| Q1 FY2024 | $74.5M | -8.7% | $6.4M | 8.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $74.5M | $87.8M | $89.0M | $73.9M | $71.4M | $76.1M | $76.6M | $61.0M |
| YoY Growth | -8.7% | 8.3% | 14.0% | 16.7% | -4.1% | -13.4% | -14.0% | -17.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $674.5M | $571.0M | $559.9M | $526.5M | $525.4M | $620.1M | $543.8M | $506.0M |
| Liabilities | $418.7M | $334.9M | $318.5M | $281.9M | $271.4M | $376.7M | $300.0M | $265.7M |
| Equity | $255.8M | $236.1M | $241.4M | $244.6M | $254.0M | $243.3M | $243.8M | $240.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $16.7M | $18.1M | $-18.0M | $21.7M | $9.9M | $6.4M | $-44.8M | $13.2M |