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

Fold the line items

Columns are period end dates

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