Saturday 17 October 2026 Export NODK’s income statement to Excel — free account

NI Holdings, Inc.

NODK Financial Insurance Property & Casualty

NI Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $285.1 million, down 12.3% from fiscal 2024. In the quarter to June 2026, revenue fell 7.66%, EPS grew 101.2% and free cash flow fell 85.5%, each against the same quarter a year earlier.

14.81 0.05 −0.34%

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Market cap: $303.2M
P/E: 39.3×
Fwd P/E: −5.3×
Dividend yield: —
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	7	7	5	8	5	3	7	6	3
P/E ratio Full definition →	73.75	23.41	11.32	14.58	8.73	47.28	0.00	0.00	0.00	0.00
P/S ratio Full definition →	0.00	1.99	1.66	1.41	1.17	1.25	1.07	0.90	1.01	0.98
P/FCF ratio Full definition →	0.00	22.05	18.13	15.65	7.08	14.23	0.00	5.42	8.71	0.00
P/Operating CF Full definition →	0.00	14.37	13.70	14.05	17.82	20.59	30.53	6.59	15.15	21.09
P/B ratio Full definition →	0.00	1.47	1.28	1.23	1.02	1.17	1.13	1.09	1.35	1.16
Price to Tangible BV Full definition →	0.00	1.49	1.30	1.24	1.08	1.23	1.21	1.11	1.35	1.16
EV/Sales Full definition →	(0.11)	1.85	1.33	1.18	0.84	1.03	0.89	0.77	0.86	0.80
EV/EBITDA Full definition →	0.00	6.76	3.71	3.83	2.30	4.23	84.99	2.59	3.26	4.66
EV/Operating CF Full definition →	(2.51)	18.96	13.49	12.44	5.03	11.47	(15.66)	4.57	7.23	(14.89)
EV/FCF Full definition →	(2.71)	20.44	14.57	13.10	5.08	11.75	(15.43)	4.61	7.36	(15.05)
Quick Ratio Full definition →	1.02	0.94	1.29	1.18	1.23	1.01	0.96	0.83	0.90	0.95
Current Ratio Full definition →	1.02	0.94	1.29	1.18	1.23	1.01	0.96	0.83	0.90	0.95
Net Debt/EBITDA Full definition →	(0.66)	(0.53)	(0.91)	(0.74)	(0.91)	(0.89)	(16.68)	(0.46)	(0.60)	(1.06)
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	0.61	0.58	0.51	0.56	0.54	0.51	0.42	0.48	0.55	0.55
Operating CF/Net income Full definition →	1.61	1.15	0.67	0.97	1.26	3.47	0.29	(9.32)	(6.35)	1.47
Capex/Depreciation Full definition →	(0.03)	(0.04)	(0.04)	(0.03)	(0.01)	(0.01)	0.00	(0.01)	(0.01)	0.00
ROE Full definition →	3.00%	7.82%	11.70%	9.02%	12.26%	2.42%	(17.68%)	(2.17%)	(2.45%)	(4.29%)
ROA Full definition →	1.69%	4.88%	7.44%	5.46%	7.18%	1.33%	(8.39%)	(0.86%)	(1.03%)	(2.02%)
ROIC Full definition →	2.83%	6.03%	11.84%	8.53%	13.32%	2.55%	(16.03%)	6.13%	3.27%	(4.09%)
Return on Tangible Assets Full definition →	71.80%	920.61%	90.18%	101.85%	99.08%	70.57%	(1,693.11%)	32.68%	90.29%	5,232.66%
Average Days of Receivables Full definition →	102.40	77.70	90.55	74.09	76.22	81.85	159.28	94.38	89.16	88.53
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	23.89%	23.49%	25.48%	24.84%	27.77%	29.72%	29.47%	31.89%	32.28%	33.89%
Intangible Assets out of Total Assets Full definition →	0.01	0.01	0.01	0.01	0.03	0.03	0.03	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.00%	0.44%	0.77%	0.75%	0.87%	0.89%	0.13%	0.56%	0.19%	0.41%
Graham Net Nets Full definition →	0.00	(0.14)	(0.17)	(0.21)	(0.29)	(0.40)	(0.69)	(1.04)	(0.46)	(0.52)
Graham Number Full definition →	0.00	13.52	19.64	19.26	26.03	12.08	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	1.36%	4.27%	8.84%	6.86%	11.45%	2.12%	(18.54%)	(1.93%)	(0.76%)	(3.68%)
Free Cash Flow Yield Full definition →	0.00%	4.54%	5.52%	6.39%	14.12%	7.03%	(5.42%)	18.44%	11.48%	(5.41%)
Revenue per Share Full definition →	7.19	8.40	9.50	12.21	14.07	15.12	12.55	14.37	15.51	13.58
Operating CF per Share Full definition →	0.32	0.82	0.94	1.16	2.34	1.36	(0.72)	2.41	1.84	(0.73)
Capex per Share Full definition →	(0.02)	(0.06)	(0.07)	(0.06)	(0.02)	(0.03)	(0.01)	(0.02)	(0.03)	0.01
Free Cash Flow per Share Full definition →	0.30	0.76	0.87	1.10	2.32	1.33	(0.73)	2.39	1.80	(0.72)
Cash per Share Full definition →	0.80	1.23	3.08	2.80	4.64	3.30	2.20	1.94	2.43	2.46
Shareholders Equity per Share Full definition →	6.74	11.35	12.33	13.97	16.02	16.22	11.87	11.83	11.67	11.45
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	6.74	11.35	12.33	13.97	16.02	16.22	11.87	11.83	11.67	11.45
Free Cash Flow Full definition →	6.76	17.09	19.40	24.38	50.47	28.47	(15.53)	50.51	37.80	(15.11)
Working Capital Full definition →	1.52	(4.14)	27.49	18.23	30.87	2.06	(6.71)	(24.21)	(14.26)	(6.96)
Capital Expenditures Full definition →	(0.55)	(1.33)	(1.55)	(1.29)	(0.54)	(0.70)	(0.23)	(0.51)	(0.71)	0.16
Net Current Asset Value Full definition →	(61.03)	(53.56)	(61.10)	(81.26)	(103.68)	(161.09)	(197.17)	(284.83)	(151.55)	(144.81)
EV/EBIT Full definition →	0.00	15.87	7.22	9.45	4.86	29.59	0.00	11.34	27.43	0.00
Capex to Sales Full definition →	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Operating Income Full definition →	0.00	17.12	8.98	11.28	6.77	35.83	0.00	13.34	32.45	0.00
Other line items
Depreciation/Fixed assets Full definition →	4.53	5.05	5.30	6.44	5.95	6.87	5.66	9.30	9.96	9.05
Cash ROIC Full definition →	3.94%	6.04%	5.63%	6.55%	11.22%	6.81%	(5.17%)	17.33%	12.79%	(5.18%)
Accounts Receivable Turnover Full definition →	3.84	4.39	4.57	5.03	5.15	4.74	2.83	3.11	4.12	3.84
Accounts Payable Turnover Full definition →	2.13	2.03	1.60	1.95	1.61	1.75	1.75	1.36	1.64	1.72
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	177.05	189.44	259.81	192.37	258.60	216.11	224.23	246.77	222.55	195.19
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	42.63	43.10	46.47	53.83	59.47	68.31	94.75	97.74	79.03	74.29
Average Payables Full definition →	55.75	60.59	74.23	87.11	104.40	123.74	138.31	137.31	126.30	116.94
Average Assets Full definition →	268.66	327.85	417.74	483.33	562.88	634.69	633.01	634.56	590.72	516.27
Average Common Equity Full definition →	151.67	204.50	265.66	292.78	329.34	348.14	300.31	251.80	247.52	242.48

Show all line items

Columns are period end dates

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