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NI Holdings, Inc. logo

NI Holdings, Inc.

NODK

NASDAQFinancial ServicesInsurance - Property & Casualty

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Latest quote

$15.19

+$0.005 · +0.03%

Aug 21, 3:59 PM ET

NODK company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

54

Fair Value

Momentum

51

Neutral

Sentiment

62

Bullish

Risk resilience

76

Moderate Risk

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Company profile

Company website

NI Holdings, Inc. provides a comprehensive range of property and casualty insurance policies across the United States. Their product portfolio includes coverage for personal and specialized automobile risks, residential properties, agricultural holdings, various types of crop damage (including hail and multi-peril), and general liability. Established in 1946, the company's primary operations are situated in Fargo, North Dakota, as a subsidiary of Nodak Mutual Group, Inc.

Industry
Insurance - Property & Casualty
Sector
Financial Services
Headquarters
US
CEO
Cindy L. Launer
Listed since
Mar 16, 2017
Employees
169

Market position

Volume
14.37K
0.65× average
Average volume
22.09K
Average daily volume
Market cap
313.16M USD
Beta
0.35
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
227.47M USD
P/E (TTM)
40.56×
P/B (TTM)
1.28×
P/S (TTM)
1.17×
EV / EBITDA
-19.72×
Earnings yield
-3.73%
Free cash flow yield
-5.55%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
27.25%
Operating margin
4.18%
Net margin
2.93%
Return on equity
-4.33%
Return on assets
-2.06%
Return on invested capital
-3.99%

Financial health

Debt / equity
0×
Current ratio
1.08×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%15%-5%-25%Gross margin, FY2021: 13.28%Gross margin, FY2022: -10.30%Gross margin, FY2023: 16.40%Gross margin, FY2024: 14.29%Gross margin, FY2025: 29.56%Operating margin, FY2021: 3.49%Operating margin, FY2022: -19.75%Operating margin, FY2023: 6.76%Operating margin, FY2024: 3.12%Operating margin, FY2025: -4.33%Net margin, FY2021: 2.60%Net margin, FY2022: -19.83%Net margin, FY2023: -1.80%Net margin, FY2024: -1.86%Net margin, FY2025: -3.65%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.28%. Gross margin FY2022 -10.30%. Gross margin FY2023 16.40%. Gross margin FY2024 14.29%. Gross margin FY2025 29.56%. Operating margin FY2021 3.49%. Operating margin FY2022 -19.75%. Operating margin FY2023 6.76%. Operating margin FY2024 3.12%. Operating margin FY2025 -4.33%. Net margin FY2021 2.60%. Net margin FY2022 -19.83%. Net margin FY2023 -1.80%. Net margin FY2024 -1.86%. Net margin FY2025 -3.65%.

Income trends

Revenue

285.05M USD-12.35%

Operating income

−12.33M USD−22.47M USD

Net income

−10.41M USD-71.83%
Income trends across reported periods363.03M USD211.71M USD60.39M USD−90.93M USDRevenue, FY2021: 323.97M USDRevenue, FY2022: 267.78M USDRevenue, FY2023: 304.02M USDRevenue, FY2024: 325.2M USDRevenue, FY2025: 285.05M USDOperating income, FY2021: 11.31M USDOperating income, FY2022: −52.88M USDOperating income, FY2023: 20.55M USDOperating income, FY2024: 10.15M USDOperating income, FY2025: −12.33M USDNet income, FY2021: 8.42M USDNet income, FY2022: −53.1M USDNet income, FY2023: −5.48M USDNet income, FY2024: −6.06M USDNet income, FY2025: −10.41M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 323.97M USD. Revenue FY2022 267.78M USD. Revenue FY2023 304.02M USD. Revenue FY2024 325.2M USD. Revenue FY2025 285.05M USD. Operating income FY2021 11.31M USD. Operating income FY2022 −52.88M USD. Operating income FY2023 20.55M USD. Operating income FY2024 10.15M USD. Operating income FY2025 −12.33M USD. Net income FY2021 8.42M USD. Net income FY2022 −53.1M USD. Net income FY2023 −5.48M USD. Net income FY2024 −6.06M USD. Net income FY2025 −10.41M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue285.05M USD325.2M USD304.02M USD267.78M USD323.97M USD
Cost of goods sold200.79M USD278.72M USD254.15M USD295.36M USD280.95M USD
Gross profit84.26M USD46.48M USD49.87M USD−27.57M USD43.02M USD
Operating expenses96.59M USD36.34M USD29.33M USD25.3M USD31.72M USD
Depreciation and amortization794K USD681K USD725K USD654K USD1.17M USD
Operating income−12.33M USD10.15M USD20.55M USD−52.88M USD11.31M USD
Net income−10.41M USD−6.06M USD−5.48M USD−53.1M USD8.42M USD

Company facts updated Aug 24, 2026.

NODK news

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ETFs holding NODK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
2.84M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
2.79M
Weight
0.00%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
1.41M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
1.23M
Weight
0.01%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
U.S. Micro Cap Portfolio ETF logoU.S. Micro Cap Portfolio ETFDFMC
Market value
708.06K
Weight
0.01%
AUM
8.06B USD
Expense ratio
0.43%
Price / 1D
$60.95+0.73%
Dimensional - US Small Cap ETF logoDimensional - US Small Cap ETFDFAS
Market value
584.57K
Weight
0.00%
AUM
15.92B USD
Expense ratio
0.26%
Price / 1D
$83.02+0.73%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
574.23K
Weight
0.00%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
471.14K
Weight
0.00%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%

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