NMI Holdings Cost of Revenue 2011-2025 | NMIH

Cost of Revenue is a financial metric that reflects all direct costs associated with the production of goods or the provision of services that directly led to revenue during the reporting period. It is the total amount of expenses incurred by the company to deliver its products or services, including both production costs and related expenses necessary for delivery or customer support.

What is included in the cost of revenue

Cost Category	Examples
Production Costs	Materials, wages of production staff, depreciation of equipment
Service and Support	Customer service, user support, technical assistance
Delivery and Logistics	Packaging, delivery of goods to customers
Hosting and Infrastructure	Servers, cloud platforms (especially for IT and SaaS companies)
Content and Licenses	License purchases, production royalties (e.g., in streaming services)

Importance of the Metric

Helps to understand how costly the revenue-generating process is.
A high cost of revenue may indicate:
Poor cost control
Low operational efficiency
A low cost of revenue combined with high revenue indicates high profitability and business competitiveness.

Quarterly Cost of Revenue NMI Holdings

2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.09 M	-	-	-	4.09 M	-	-	-	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
7.09 M	4.09 M	5.59 M

Cost of Revenue of other stocks in the Insurance property industry

Issuer	Cost of Revenue	Price	% 24h	Market Cap	Country
XL Fleet Corp. XL	17.6 M	-	20.97 %	$ 161 M	USA
Loews Corporation L	1.08 B	$ 104.26	-0.37 %	$ 23 B	USA
Kinsale Capital Group KNSL	109 M	$ 388.84	0.18 %	$ 9 B	USA
Mercury General Corporation MCY	13.4 M	$ 93.95	3.07 %	$ 5.2 B	USA
Stewart Information Services Corporation STC	745 M	$ 73.4	1.38 %	$ 2.03 B	USA
Sirius International Insurance Group, Ltd. SG	482 M	-	2.85 %	$ 1.34 B	Bermuda
Unico American Corporation UNAM	3.85 M	-	9.09 %	$ 6.37 M	USA
White Mountains Insurance Group, Ltd. WTM	29.6 M	$ 2 050.69	0.28 %	$ 5.19 B	USA