All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
3 warning events since 2017; the latest 2021-04-26.
From the record
NLI Holdings, Inc.'s filings since 2017 show 3 warning events: a debt default or acceleration notice (8-K item 2.04, 3 times, the latest 2021-04-26) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+4.2% a year over 10 filed years; profitable in 7 of 10.
From the record
NLI Holdings, Inc.'s 10 filed years say what it did: revenue went from $109 million in fiscal 2016 to $158 million in fiscal 2025, up 4.2% a year; it rose in 6 of 9 years; the deepest fall was 12% from fiscal 2022 to fiscal 2024; net income was positive in 7 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count steady. 100% of cash flow returned. Insiders: 0 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, NLI Holdings, Inc.'s diluted share count held steady, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE -10%: lost 10¢ per shareholder dollar. Leverage 19%: owes 19¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, NLI Holdings, Inc. lost about 10 cents for every dollar of shareholders' money, and gross profitability: its products earned about 10 cents per dollar of everything the company owns. Leverage: it owed about 19 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 24% of 9 in its family; net margin -23.9%.
From the record
NLI Holdings, Inc.'s standing among 9 graded names in its industry family: revenue of $158 million in fiscal 2025 ranks in the bottom 6% by size; a net margin of -23.9% ranks in the bottom 6%; revenue growth of -1.7% a year over the last 3 filed years ranks in the top 39% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 39% of 9 in its family for leadership.
From the record
NLI Holdings, Inc.'s leadership, from its insiders' filings and its current reports: no one files under a chief executive's title, so that part is not read; the 6 officers and directors filing in the last fifteen months have been on the record a median of 9.6 years (top 28%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (top 50%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 47% of 9 in its family for room to expand.
From the record
NLI Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $111 million against no long-term debt tagged leaves 23.8% of its assets as net cash, top 15% of its family; cash from operations less capital spending is -25.4% of revenue (bottom 17%); a gross margin of 30.4% (top 19%); research spending of 0% of revenue (bottom 6%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 37% of 10 in its family for growth drivers.
From the record
NLI Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -1.7% a year over the last three filed years against 4.2% over all 10, slowing (top 50% of its family); the newest year grew 8.5% (top 17%); capital spending grew 0.5% a year (top 45%) (its annual reports). NLI Holdings, Inc. reported 2 lines of business in fiscal 2025: Security Products at $121 million (76%), Marine Components at $38 million (24%); 2 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 38% of 9 in its family for expectations against reality.
From the record
NLI Holdings, Inc.'s newest year against its own record: revenue of $158 million in fiscal 2025 came in 15.9% above the $137 million its prior three years' pace pointed to (top 17% of its family); net income of $38 million against a prior three-year average of $33 million (bottom 25%); a net margin of -23.9% against 21.7% before (bottom 6%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made