NI Holdings, Inc.
NODKNasdaq
$15.91
↓ -0.6%Jul 17 close · end-of-day
Price
1Y↑ +21.1%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$333.1M
Enterprise Value
$277.8M
P/E
—
P/S
1.2
P/B
1.3
EV/EBITDA
—
PEG
—
FCF Yield
-8.2%
Dividend Yield
—
Revenue (TTM)
$273.2M
Net Income (TTM)
-$4.4M
Free Cash Flow (TTM)
-$27.3M
Gross Margin
26.6%
Operating Margin
—
Net Margin
-1.6%
ROE
-1.7%
ROIC
—
Debt / Equity
0.0
Net Cash
$55.3M
Return 1Y
+19.3%
Company profile
NI Holdings, Inc. underwrites property and casualty insurance products in the United States. Products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies.
- CEO
- Michael J. Alexander
- Sector
- Finance, Insurance, And Real Estate
- Industry
- Insurance
- Employees
- 210
- Headquarters
- North Dakota
- Website
- niholdingsinc.com
Management & directors
- Duncan Douglas AlanChief Information Officer
- Elfstrand Kevin DouglasChief Accounting Officer
- Launer CindyChief Executive Officer
- Maki Matthew JamesChief Financial Officer
Roles derived from SEC Form 4 filings.
Earnings
NODK Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$59.6M↓ -16.6%
Diluted EPS$0.60↑ +93.5%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $306.4M | $324.0M | $267.8M | $304.0M | $325.2M | $285.1M |
| Gross profit | $115.2M | $83.2M | $30.0M | $105.6M | $102.6M | $69.9M |
| Operating income | — | — | — | — | — | — |
| Net income | $40.4M | $8.4M | -$53.1M | -$5.5M | -$6.1M | -$10.4M |
| Diluted EPS | $1.84 | $0.39 | -$2.49 | -$0.26 | -$0.29 | -$0.50 |
| Operating cash flow | $51.0M | $29.2M | -$15.3M | $51.0M | $38.5M | -$15.3M |
| Free cash flow | $50.4M | $28.4M | -$16.2M | $50.4M | $37.5M | -$15.5M |
| Gross margin | 37.6% | 25.7% | 11.2% | 34.7% | 31.6% | 24.5% |
| Operating margin | — | — | — | — | — | — |
| Net margin | 13.2% | 2.6% | -19.8% | -1.8% | -1.9% | -3.7% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $87.8M | $89.0M | $73.9M | $71.4M | $76.1M | $76.6M | $61.0M | $59.6M |
| Gross profit | $15.8M | $18.2M | $38.9M | $29.0M | $6.4M | $15.7M | $18.8M | $31.8M |
| Operating income | — | — | — | — | — | — | — | — |
| Net income | -$19.6M | -$2.7M | $9.8M | $6.5M | -$12.1M | -$1.7M | -$3.2M | $12.5M |
| Diluted EPS | -$0.94 | -$0.13 | $0.48 | $0.31 | -$0.57 | -$0.08 | -$0.16 | $0.60 |
| Operating cash flow | $18.1M | -$18.0M | $21.7M | $9.9M | $6.4M | -$44.8M | $13.2M | -$1.9M |
| Free cash flow | $17.5M | -$18.1M | $21.5M | $9.9M | $6.2M | -$44.8M | $13.2M | -$1.9M |
| Gross margin | 18.0% | 20.4% | 52.7% | 40.6% | 8.4% | 20.5% | 30.8% | 53.3% |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | -22.3% | -3.0% | 13.3% | 9.0% | -15.8% | -2.2% | -5.2% | 21.0% |
Company news
May 8, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-05-20 | Devlin William Russell | Award | 5,015 | $0.00 | $0.00 | filing |
| 2026-05-20 | Stende Dave L. | Award | 5,015 | $0.00 | $0.00 | filing |
| 2026-05-20 | Aasmundstad Eric K. | Award | 5,015 | $0.00 | $0.00 | filing |
| 2026-05-20 | Kaldor Dana John | Award | 5,015 | $0.00 | $0.00 | filing |
| 2026-05-20 | Missling Jeffrey R. | Award | 5,015 | $0.00 | $0.00 | filing |
| 2026-05-20 | Mathew Prakash | Award | 5,015 | $0.00 | $0.00 | filing |
| 2026-05-20 | Thomas Callie Jean | Award | 5,015 | $0.00 | $0.00 | filing |
| 2026-03-02 | Maki Matthew James· Chief Financial Officer | Award | 22,700 | $0.00 | $0.00 | filing |
| 2026-03-02 | Launer Cindy· Chief Executive Officer | Award | 56,000 | $0.00 | $0.00 | filing |
| 2026-03-02 | Elfstrand Kevin Douglas· Chief Accounting Officer | Award | 9,300 | $0.00 | $0.00 | filing |
| 2026-03-02 | Duncan Douglas Alan· Chief Information Officer | Award | 11,100 | $0.00 | $0.00 | filing |
| 2026-03-01 | Maki Matthew James· Chief Financial Officer | Tax withholding | 1,588 | $13.28 | $21,088.64 | filing |
| 2026-03-01 | Elfstrand Kevin Douglas· Chief Accounting Officer | Tax withholding | 479 | $13.28 | $6,361.12 | filing |
| 2026-02-28 | Maki Matthew James· Chief Financial Officer | Tax withholding | 2,471 | $13.28 | $32,814.88 | filing |
| 2026-02-28 | Elfstrand Kevin Douglas· Chief Accounting Officer | Tax withholding | 873 | $13.28 | $11,593.44 | filing |
| 2026-02-03 | Maki Matthew James· Chief Financial Officer | Tax withholding | 119 | $13.57 | $1,614.83 | filing |
| 2026-01-02 | Maki Matthew James· Chief Financial Officer | Tax withholding | 115 | $13.27 | $1,526.05 | filing |
| 2025-12-01 | Maki Matthew James· Chief Financial Officer | Tax withholding | 111 | $13.32 | $1,478.52 | filing |
| 2025-12-01 | Launer Cindy· Chief Executive Officer | Award | 14,076 | $0.00 | $0.00 | filing |
Latest 19 transactions.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.