NI Holdings, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that NI Holdings, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $285.05M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $325.20M | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | $304.02M | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | $267.78M | Mar 7, 2025 |
| FY2023 | Dec 31, 2021 | $323.97M | Mar 15, 2024 |
| FY2020 | Dec 31, 2020 | $83.65M | Mar 10, 2021 |
| FY2020 | Sep 30, 2020 | $80.85M | Mar 10, 2021 |
| FY2020 | Jun 30, 2020 | $95.67M | Mar 10, 2021 |
| FY2020 | Mar 31, 2020 | $46.19M | Mar 10, 2021 |
| FY2020 | Dec 31, 2019 | $71.31M | Mar 10, 2021 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $69.87M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $102.65M | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | $105.60M | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | $29.99M | Mar 7, 2025 |
| FY2023 | Dec 31, 2021 | $83.21M | Mar 15, 2024 |
| FY2022 | Dec 31, 2020 | $115.19M | Mar 8, 2023 |
| FY2021 | Dec 31, 2019 | $76.73M | Mar 9, 2022 |
| FY2020 | Dec 31, 2018 | $76.63M | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | $56.75M | Mar 11, 2020 |
| FY2018 | Dec 31, 2016 | $34.25M | Mar 13, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($10.41M) | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | ($6.06M) | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | ($5.48M) | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | ($53.10M) | Mar 7, 2025 |
| FY2023 | Dec 31, 2021 | $8.42M | Mar 15, 2024 |
| FY2020 | Dec 31, 2020 | $21.58M | Mar 10, 2021 |
| FY2020 | Sep 30, 2020 | $3.66M | Mar 10, 2021 |
| FY2020 | Jun 30, 2020 | $18.73M | Mar 10, 2021 |
| FY2020 | Mar 31, 2020 | ($3.59M) | Mar 10, 2021 |
| FY2020 | Dec 31, 2019 | $17.13M | Mar 10, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($15.27M) | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $38.51M | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | $51.03M | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | ($15.29M) | Mar 7, 2025 |
| FY2023 | Dec 31, 2021 | $29.17M | Mar 15, 2024 |
| FY2022 | Dec 31, 2020 | $51.01M | Mar 8, 2023 |
| FY2021 | Dec 31, 2019 | $25.67M | Mar 9, 2022 |
| FY2020 | Dec 31, 2018 | $20.96M | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | $18.43M | Mar 11, 2020 |
| FY2018 | Dec 31, 2016 | $7.31M | Mar 13, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $217.0K | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $991.0K | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | $661.0K | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | $878.0K | Mar 7, 2025 |
| FY2023 | Dec 31, 2021 | $739.0K | Mar 15, 2024 |
| FY2022 | Dec 31, 2020 | $616.0K | Mar 8, 2023 |
| FY2021 | Dec 31, 2019 | $1.29M | Mar 9, 2022 |
| FY2020 | Dec 31, 2018 | $1.55M | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | $1.33M | Mar 11, 2020 |
| FY2018 | Dec 31, 2016 | $548.0K | Mar 13, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $506.00M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $526.55M | Mar 6, 2026 |
| FY2024 | Dec 31, 2023 | $654.89M | Mar 7, 2025 |
| FY2023 | Dec 31, 2022 | $614.23M | Mar 15, 2024 |
| FY2022 | Dec 31, 2021 | $651.78M | Mar 8, 2023 |
| FY2021 | Dec 31, 2020 | $617.60M | Mar 9, 2022 |
| FY2020 | Dec 31, 2019 | $508.16M | Mar 10, 2021 |
| FY2019 | Dec 31, 2018 | $458.49M | Mar 11, 2020 |
| FY2018 | Dec 31, 2017 | $376.99M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $278.70M | Mar 7, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $265.67M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $281.91M | Mar 6, 2026 |
| FY2024 | Dec 31, 2023 | $404.49M | Mar 7, 2025 |
| FY2023 | Dec 31, 2022 | $361.03M | Mar 15, 2024 |
| FY2022 | Dec 31, 2021 | $304.37M | Mar 8, 2023 |
| FY2021 | Dec 31, 2020 | $268.73M | Mar 9, 2022 |
| FY2020 | Dec 31, 2019 | $198.36M | Mar 10, 2021 |
| FY2019 | Dec 31, 2018 | $182.74M | Mar 11, 2020 |
| FY2018 | Dec 31, 2017 | $121.42M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $125.29M | Mar 7, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $309.80M | Mar 11, 2020 |
| FY2019 | Dec 31, 2018 | $275.75M | Mar 11, 2020 |
| FY2019 | Dec 31, 2017 | $255.57M | Mar 11, 2020 |
| FY2019 | Dec 31, 2016 | $153.42M | Mar 11, 2020 |
| FY2018 | Dec 31, 2015 | $149.92M | Mar 13, 2019 |
| FY2017 | Dec 31, 2014 | $135.69M | Mar 7, 2018 |
| FY2016 | Dec 31, 2013 | $118.92M | Apr 7, 2017 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2023 | $2.63M | Mar 6, 2026 |
| FY2025 | Dec 31, 2022 | $9.38M | Mar 6, 2026 |
| FY2024 | Dec 31, 2021 | $9.38M | Mar 7, 2025 |
| FY2021 | Dec 31, 2020 | $9.38M | Mar 9, 2022 |
| FY2020 | Dec 31, 2019 | $2.63M | Mar 10, 2021 |
| FY2020 | Dec 31, 2018 | $4.62M | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | $2.63M | Mar 11, 2020 |
| FY2018 | Dec 31, 2016 | $2.63M | Mar 13, 2019 |
| FY2016 | Dec 31, 2015 | $2.63M | Apr 7, 2017 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $191.07M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $201.58M | Mar 6, 2026 |
| FY2024 | Dec 31, 2023 | $208.38M | Mar 7, 2025 |
| FY2023 | Dec 31, 2022 | $214.12M | Mar 15, 2024 |
| FY2022 | Dec 31, 2021 | $267.21M | Mar 8, 2023 |
| FY2021 | Dec 31, 2020 | $258.74M | Mar 9, 2022 |
| FY2020 | Dec 31, 2019 | $218.48M | Mar 10, 2021 |
| FY2019 | Dec 31, 2018 | $183.95M | Mar 11, 2020 |
| FY2018 | Dec 31, 2017 | $152.87M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | $139.59M | Mar 7, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $51.72M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | $50.93M | Mar 6, 2026 |
| FY2024 | Dec 31, 2023 | $41.04M | Mar 7, 2025 |
| FY2023 | Dec 31, 2022 | $47.00M | Mar 15, 2024 |
| FY2022 | Dec 31, 2021 | $70.62M | Mar 8, 2023 |
| FY2021 | Dec 31, 2020 | $101.08M | Mar 9, 2022 |
| FY2020 | Dec 31, 2019 | $62.13M | Mar 10, 2021 |
| FY2020 | Dec 31, 2018 | $68.95M | Mar 10, 2021 |
| FY2020 | Dec 31, 2017 | $27.59M | Mar 10, 2021 |
| FY2019 | Dec 31, 2016 | $18.32M | Mar 11, 2020 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.40M | Mar 6, 2026 |
| FY2024 | Dec 31, 2024 | $2.40M | Mar 7, 2025 |
| FY2023 | Dec 31, 2023 | $2.40M | Mar 15, 2024 |
| FY2022 | Mar 31, 2017 | $2.40M | Mar 8, 2023 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | (2) | Mar 7, 2025 |
| FY2023 | Dec 31, 2021 | 0 | Mar 15, 2024 |
| FY2022 | Dec 31, 2020 | 1 | Mar 8, 2023 |
| FY2021 | Dec 31, 2019 | 1 | Mar 9, 2022 |
| FY2020 | Dec 31, 2018 | 1 | Mar 10, 2021 |
| FY2019 | Dec 31, 2017 | 0 | Mar 11, 2020 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Mar 6, 2026 |
| FY2024 | Dec 31, 2022 | (2) | Mar 7, 2025 |
| FY2023 | Dec 31, 2021 | 0 | Mar 15, 2024 |
| FY2020 | Dec 31, 2020 | 1 | Mar 10, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 10, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 10, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 10, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 10, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 20.55M | Mar 6, 2026 |
| FY2025 | Dec 31, 2024 | 20.67M | Mar 6, 2026 |
| FY2025 | Dec 31, 2023 | 20.60M | Mar 6, 2026 |
| FY2025 | Dec 31, 2022 | 21.08M | Mar 6, 2026 |
| FY2022 | Dec 31, 2021 | 21.22M | Mar 8, 2023 |
| FY2021 | Dec 31, 2020 | 21.32M | Mar 9, 2022 |
| FY2020 | Dec 31, 2019 | 22.12M | Mar 10, 2021 |
| FY2019 | Dec 31, 2018 | 22.19M | Mar 11, 2020 |
| FY2018 | Dec 31, 2017 | 22.34M | Mar 13, 2019 |
| FY2017 | Dec 31, 2016 | 0 | Mar 7, 2018 |