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