NI Holdings, Inc. (NODK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 59.6M | 60.99M | 76.57M | 76.06M | 71.43M | 73.91M | 88.98M | 87.81M | 74.5M | 94.41M | 78.03M | 81.08M | 81.56M | 93.33M | 89.17M | 75.79M | 66.14M | 85.35M | 84.61M | 83.21M |
| Revenue Growth % | -16.56% | -17.48% | -13.95% | -13.38% | -4.11% | -21.71% | 14.04% | 8.3% | -8.65% | 1.16% | -12.5% | 6.97% | 23.31% | 9.35% | 5.4% | -8.92% | -6.58% | 2.04% | 4.64% | -13.02% |
| Medical Costs & Claims | 23.36M | 52.83M | 69.92M | 82.98M | 55.05M | 50.4M | 82.72M | 88.65M | 56.96M | 67.98M | 69.68M | 76.86M | 77.41M | 84.14M | 96.51M | 124.84M | 55.75M | 51.36M | 78.64M | 82.8M |
| Medical Cost Ratio % | 39.19% | 86.61% | 91.32% | 109.1% | 77.07% | 68.18% | 92.96% | 100.96% | 76.46% | 72% | 89.3% | 94.8% | 94.92% | 90.15% | 108.22% | 164.72% | 84.29% | 60.17% | 92.95% | 99.51% |
| Gross Profit | 36.25M | 8.17M | 6.65M | -6.92M | 16.38M | 23.52M | 6.27M | -841K | 17.54M | 26.43M | 8.35M | 4.21M | 4.14M | 9.19M | -7.33M | -49.05M | 10.39M | 34M | 5.97M | 408K |
| Gross Margin % | 60.81% | 13.39% | 8.68% | -9.1% | 22.93% | 31.82% | 7.04% | -0.96% | 23.54% | 28% | 10.7% | 5.2% | 5.08% | 9.85% | -8.22% | -64.72% | 15.71% | 39.83% | 7.05% | 0.49% |
| Gross Profit Growth % | 121.27% | -65.28% | 6.03% | -723.31% | -6.6% | -11.04% | -24.93% | -119.96% | 323.32% | 187.52% | 213.89% | 108.59% | -60.12% | -72.96% | -222.82% | -12121.81% | -71.55% | -34.47% | -77.64% | -99.16% |
| Operating Expenses | 20.54M | 11.06M | 8.5M | 8.4M | 8.63M | 9.68M | 9.72M | 8.23M | 8.71M | 14.91M | 7.33M | 7.47M | 9.66M | 8.54M | 5.91M | 10M | 7.78M | 25.59M | 12.45M | 3.7M |
| OpEx / Revenue % | 34.46% | 18.14% | 11.11% | 11.04% | 12.08% | 13.09% | 10.93% | 9.37% | 11.68% | 15.79% | 9.39% | 9.22% | 11.84% | 9.15% | 6.63% | 13.2% | 11.76% | 29.98% | 14.71% | 4.45% |
| Depreciation & Amortization | 168K | 275K | 175K | 171K | 173K | 154K | 186K | 187K | 154K | 374K | 164K | 34K | 300K | 309K | 291K | 294K | 286K | 309K | 280K | 289K |
| Combined Ratio % | 73.64% | 104.75% | 102.43% | 120.15% | 89.15% | 81.28% | 103.88% | 110.33% | 88.14% | 87.79% | 98.69% | 104.02% | 106.76% | 99.29% | 114.85% | 177.91% | 96.06% | 90.15% | 107.66% | 103.96% |
| Operating Income | 15.71M | -2.9M | -1.86M | -15.32M | 7.75M | 13.84M | -3.46M | -9.07M | 8.83M | 11.53M | 1.02M | -3.26M | -5.51M | 658K | -13.24M | -59.05M | 2.61M | 8.41M | -6.48M | -3.29M |
| Operating Margin % | 26.36% | -4.75% | -2.43% | -20.15% | 10.85% | 18.72% | -3.88% | -10.33% | 11.86% | 12.21% | 1.31% | -4.02% | -6.76% | 0.71% | -14.85% | -77.91% | 3.94% | 9.85% | -7.66% | -3.96% |
| Operating Income Growth % | 102.74% | -120.93% | 46.24% | -68.95% | -12.27% | 20.06% | -439.16% | -178.14% | 260.22% | 1651.67% | 107.69% | 94.48% | -311.47% | -92.18% | -104.34% | -1692.14% | -79.43% | -70.65% | -232.97% | -113.92% |
| EBITDA | 15.88M | -2.62M | -1.68M | -15.15M | 7.92M | 13.99M | -3.27M | -8.88M | 8.99M | 11.9M | 1.18M | -3.23M | -5.21M | 967K | -12.95M | -58.76M | 2.89M | 8.72M | -6.2M | -3.01M |
| EBITDA Margin % | 26.64% | -4.3% | -2.2% | -19.92% | 11.09% | 18.93% | -3.67% | -10.12% | 12.06% | 12.6% | 1.52% | -3.98% | -6.39% | 1.04% | -14.52% | -77.53% | 4.37% | 10.22% | -7.33% | -3.61% |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 15.71M | -2.9M | -1.86M | -15.32M | 7.75M | 13.84M | -3.46M | -9.07M | 8.83M | 11.53M | 1.02M | -3.26M | -5.51M | 658K | -13.24M | -59.05M | 2.61M | 8.41M | -6.48M | -3.29M |
| Pretax Margin % | 26.36% | -4.75% | -2.43% | -20.15% | 10.85% | 18.72% | -3.88% | -10.33% | 11.86% | 12.21% | 1.31% | -4.02% | -6.76% | 0.71% | -14.85% | -77.91% | 3.94% | 9.85% | -7.66% | -3.96% |
| Income Tax | 3.2M | 260K | -192K | -3.27M | 1.29M | 3.99M | -751K | -1.59M | 1.9M | 4.32M | 214K | -685K | -1.01M | -333K | -3.07M | -12.41M | 568K | 2.27M | -1.62M | -561K |
| Effective Tax Rate % | 20.38% | -8.98% | 10.33% | 21.36% | 16.63% | 28.83% | 21.73% | 17.55% | 21.49% | 37.44% | 21% | 21.01% | 18.37% | -50.61% | 23.21% | 21.02% | 21.79% | 26.96% | 25.03% | 17.03% |
| Net Income | 12.51M | -3.16M | -1.67M | -12.05M | 6.46M | 9.85M | -2.71M | -19.62M | 6.42M | 6.63M | 231K | -8.12M | -4.21M | 890K | -9.98M | -45.91M | 1.91M | 6.13M | -4.74M | -2.64M |
| Net Margin % | 20.99% | -5.17% | -2.18% | -15.84% | 9.04% | 13.32% | -3.04% | -22.35% | 8.62% | 7.02% | 0.3% | -10.02% | -5.16% | 0.95% | -11.2% | -60.58% | 2.89% | 7.18% | -5.6% | -3.18% |
| Net Income Growth % | 93.62% | -132.05% | 38.41% | 38.58% | 0.64% | 48.65% | -1271% | -141.59% | 252.47% | 644.38% | 102.31% | 82.31% | -320.53% | -85.48% | -110.79% | -1636.38% | -80.26% | -71.6% | -229.28% | -114.11% |
| EPS (Diluted) | 0.60 | -0.15 | -0.08 | -0.57 | 0.31 | 0.47 | -0.13 | -0.40 | 0.31 | 0.31 | 0.01 | -0.38 | -0.20 | 0.04 | -0.47 | -2.15 | 0.09 | 0.29 | -0.22 | -0.12 |
| EPS Growth % | 93.55% | -131.91% | 38.46% | -42.5% | 0% | 51.61% | -1292.66% | -5.26% | 255% | 634.6% | 102.32% | 82.33% | -326.5% | -85.45% | -113.64% | -1691.67% | -80.38% | -71% | -229.41% | -114.12% |
| EPS (Basic) | 0.60 | -0.15 | -0.08 | -0.57 | 0.31 | 0.48 | -0.13 | -0.36 | 0.31 | 0.32 | 0.01 | -0.38 | -0.20 | 0.04 | -0.47 | -2.15 | 0.09 | 0.29 | -0.22 | -0.12 |
| Diluted Shares Outstanding | 20.94M | 20.55M | 21M | 21.04M | 21.1M | 21.04M | 20.98M | 20.97M | 21.05M | 21.33M | 21.19M | 21.28M | 21.37M | 21.08M | 21.33M | 21.38M | 21.61M | 21.41M | 21.41M | 21.46M |