NI HOLDINGS, INC. (NODK)

15.21 -0.26% (-0.04)

Over 5Y: -21.7%

2026-08-28
12.5 15 17.5 20
2021 2022 2023 2024 2025 2026

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Revenue: 84.6M Q3 '21 — Operating Cash Flow: -12.2M Q3 '21 — Free Cash Flow: -12.4M Q3 '21 — Net Income: -4.7M Q4 '21 — Revenue: 85.4M Q4 '21 — Operating Cash Flow: 19.7M Q4 '21 — Free Cash Flow: 19.5M Q4 '21 — Net Income: 6.1M Q1 '22 — Revenue: 66.1M Q1 '22 — Operating Cash Flow: 3.8M Q1 '22 — Free Cash Flow: 3.3M Q1 '22 — Net Income: 1.9M Q2 '22 — Revenue: 75.8M Q2 '22 — Operating Cash Flow: 9.8M Q2 '22 — Free Cash Flow: 9.6M Q2 '22 — Net Income: -45.9M Q3 '22 — Revenue: 89.2M Q3 '22 — Operating Cash Flow: -38.3M Q3 '22 — Free Cash Flow: -38.6M Q3 '22 — Net Income: -10M Q4 '22 — Revenue: 36.7M Q4 '22 — Operating Cash Flow: 9.4M Q4 '22 — Net Income: 890K Q1 '23 — Revenue: 81.6M Q1 '23 — Operating Cash Flow: -4.4M Q1 '23 — Free Cash Flow: -4.6M Q1 '23 — Net Income: -4.2M Q2 '23 — Revenue: 81.1M Q2 '23 — Operating Cash Flow: 24.2M Q2 '23 — Free Cash Flow: 23.9M Q2 '23 — Net Income: -8.1M Q3 '23 — Revenue: 78M Q3 '23 — Operating Cash Flow: -10.4M Q3 '23 — Free Cash Flow: -10.5M Q3 '23 — Net Income: 231K Q4 '23 — Revenue: 78.7M Q4 '23 — Operating Cash Flow: 41.6M Q4 '23 — Net Income: 19.8M Q1 '24 — Revenue: 74.5M Q1 '24 — Operating Cash Flow: 16.7M Q1 '24 — Free Cash Flow: 16.6M Q1 '24 — Net Income: 6.4M Q2 '24 — Revenue: 87.8M Q2 '24 — Operating Cash Flow: 18.1M Q2 '24 — Free Cash Flow: 17.5M Q2 '24 — Net Income: -19.6M Q3 '24 — Revenue: 89M Q3 '24 — Operating Cash Flow: -18M Q3 '24 — Free Cash Flow: -18.1M Q3 '24 — Net Income: -2.7M Q4 '24 — Revenue: 73.9M Q4 '24 — Operating Cash Flow: 21.7M Q4 '24 — Free Cash Flow: 21.5M Q4 '24 — Net Income: 9.8M Q1 '25 — Revenue: 71.4M Q1 '25 — Operating Cash Flow: 9.9M Q1 '25 — Free Cash Flow: 9.9M Q1 '25 — Net Income: 6.5M Q2 '25 — Revenue: 76.1M Q2 '25 — Operating Cash Flow: 6.4M Q2 '25 — Free Cash Flow: 6.2M Q2 '25 — Net Income: -12.1M Q3 '25 — Revenue: 76.6M Q3 '25 — Operating Cash Flow: -44.8M Q3 '25 — Free Cash Flow: -44.8M Q3 '25 — Net Income: -1.7M Q4 '25 — Revenue: 61M Q4 '25 — Operating Cash Flow: 13.2M Q4 '25 — Free Cash Flow: 13.2M Q4 '25 — Net Income: -3.2M Q1 '26 — Revenue: 59.6M Q1 '26 — Operating Cash Flow: -1.9M Q1 '26 — Free Cash Flow: -1.9M Q1 '26 — Net Income: 12.5M Q2 '26 — Revenue: 70.2M Q2 '26 — Operating Cash Flow: 912K Q2 '26 — Free Cash Flow: 893K Q2 '26 — Net Income: 146K -30M 0 30M 60M 90M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

3.0
SBC / sales 0.31%
ROIC 4.4%
OE margin -12.5%
Capex / sales 0.036%
Gross margin 31.0%
ROA 1.4%
ROE 3.1%
Accruals 7.4%
FCF margin -12.2%
OCF / EBIT -2.9×
OCF margin -12.2%
ROCE —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

1.5
RPO / sales —
RPO growth —
Segment HHI —

3 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

5.3
ND/EBITDA —
Cash runway 1.5 yr
Cash / Debt 21.7×
Debt / Eq 0.0096×
Debt payback 0.0 yr
F-score 1.1 pts
Payout 85.9%
Current ratio —
Interest cover —
Quick ratio —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

4.7
Sales/sh Y/Y -13.4%
EBIT Y/Y +298.5%
EPS Y/Y +407.0%
Shares change -0.46%
Div. growth -18.7%
Sales Q/Q -7.7%
EBIT CAGR —
EPS CAGR 4Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.