NMI HOLDINGS INC (NASDAQ:NMIH) Reports Mixed Q2 2025 Earnings with Revenue Beat and EPS Slight Miss

NMI HOLDINGS INC (NASDAQ:NMIH) reported its second-quarter 2025 financial results, delivering mixed performance relative to analyst expectations. The company posted adjusted net income of $96.5 million, or $1.22 per diluted share, slightly below the consensus estimate of $1.23. Revenue for the quarter came in at $173.8 million, surpassing expectations of $150.9 million, reflecting stronger-than-anticipated sales in its mortgage insurance business.

Key Financial Highlights

• Revenue Beat: Reported revenue of $173.8 million exceeded estimates by approximately 15.2%, signaling robust demand for the company’s mortgage insurance products.
• EPS Slight Miss: Adjusted EPS of $1.22 was marginally below the expected $1.23, though still within a reasonable range of consensus forecasts.
• Year-Over-Year Growth: Compared to Q2 2024, adjusted net income rose from $97.6 million ($1.20 per share), while revenue increased from $161.2 million, demonstrating continued business expansion.
• Sequential Decline: Earnings dipped from $102.5 million ($1.28 per share) in Q1 2025, which may explain some investor caution.

Market Reaction

Following the earnings release, the stock showed minimal after-hours movement, trading flat. However, over the past month, shares have declined by approximately 10.4%, suggesting broader market skepticism or sector-wide pressures rather than a direct reaction to earnings. The lack of a strong post-earnings bounce indicates that investors may have already priced in these results or remain cautious about future profitability.

Forward-Looking Estimates

Analysts project Q3 2025 revenue of $152.5 million and EPS of $1.22, slightly below the Q2 performance. Full-year 2025 revenue is estimated at $610.3 million, with earnings expected to reach $5.01 per share. The company did not provide explicit guidance in its press release, leaving investors to rely on external forecasts.

Press Release Summary

The earnings report highlighted:

• Stable underwriting performance despite economic uncertainties.
• Continued growth in primary mortgage insurance written.
• No significant operational disruptions or unexpected losses.

For a deeper dive into NMI Holdings’ earnings trends and analyst projections, see the full earnings and estimates breakdown.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making any decisions.