National Research Corporation (NRC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 19.98M | 20.21M | 20.4M | 25.32M | 20.4M | 19.6M | 20.7M | 16.95M | 20.01M | 24.36M | 24.74M | 40.99M | 45.17M | 43.72M | 49.1M | 51.78M | 68.92M | 73.71M | 72.73M | 67.59M |
| Cash & Short-Term Investments | 2.55M | 4.14M | 2.22M | 5.27M | 2.5M | 4.23M | 3.46M | 485K | 1.7M | 6.65M | 3.83M | 22.5M | 23.72M | 25.03M | 28.39M | 32.97M | 47.29M | 54.36M | 52.48M | 48.9M |
| Cash Only | 2.55M | 4.14M | 2.22M | 5.27M | 2.5M | 4.23M | 3.46M | 485K | 1.7M | 6.65M | 3.83M | 22.5M | 23.72M | 25.03M | 28.39M | 32.97M | 47.29M | 54.36M | 52.48M | 48.9M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 10.83M | 11.11M | 12.75M | 12.94M | 11.47M | 11.2M | 11.7M | 10.34M | 11.16M | 12.54M | 14.85M | 12.17M | 14.33M | 15.3M | 15.78M | 13.56M | 15.98M | 14.58M | 16.53M | 14.46M |
| Days Sales Outstanding | 28.37 | 31.18 | 34.15 | 32.63 | 30.4 | 28.54 | 28.31 | 27.93 | 30.54 | 33.15 | 32.75 | 33.34 | 36.55 | 37.48 | 35.82 | 36.05 | 35.78 | 37.36 | 37.74 | 36.43 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.48M | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.26 | - | - | - |
| Other Current Assets | 6.6M | 4.96M | 5.43M | 7.11M | 588K | 692K | 664K | 1.21M | 777K | 940K | 331K | 834K | 1.04M | 1.01M | 1.34M | 1.13M | 1.17M | 883K | 846K | 655K |
| Total Non-Current Assets | 114.58M | 114.67M | 115.32M | 116.07M | 114.77M | 112.94M | 111.1M | 102.15M | 100.9M | 98.08M | 95.39M | 92.64M | 89.13M | 86.75M | 85.88M | 84.45M | 84.23M | 83.83M | 83.46M | 84.26M |
| Property, Plant & Equipment | 40.3M | 40.47M | 41.41M | 42.23M | 41.89M | 39.9M | 36.32M | 35.55M | 33.47M | 30.27M | 26.75M | 22.95M | 19.94M | 17.8M | 16.42M | 14.39M | 13.77M | 13.37M | 12.51M | 12.66M |
| Fixed Asset Turnover | 0.86x | 0.86x | 0.83x | 0.81x | 0.82x | 0.97x | 1.00x | 1.01x | 1.11x | 1.33x | 1.53x | 1.69x | 1.93x | 2.23x | 2.45x | 2.65x | 2.83x | 2.96x | 3.00x | 2.86x |
| Goodwill | 66.15M | 66.15M | 66.15M | 66.15M | 66.15M | 66.15M | 66.21M | 61.61M | 61.61M | 61.61M | 61.61M | 61.61M | 61.61M | 61.61M | 61.61M | 61.61M | 61.61M | 61.61M | 61.61M | 61.64M |
| Intangible Assets | 0 | 0 | 2.32M | 2.42M | 2.52M | 2.62M | 2.71M | 1.4M | 1.44M | 1.47M | 1.51M | 1.54M | 1.58M | 1.61M | 1.65M | 1.7M | 1.74M | 1.79M | 1.85M | 1.94M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.17M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8.12M | 8.04M | 5.43M | 5.26M | 4.21M | 2.98M | 5.86M | 3.59M | 4.38M | 4.73M | 5.52M | 6.52M | 6M | 5.7M | 6.17M | 3.57M | 7.09M | 7.05M | 7.49M | 8.02M |
| Total Assets | 134.56M | 134.88M | 135.72M | 141.39M | 135.18M | 132.54M | 131.8M | 119.1M | 120.91M | 122.44M | 120.14M | 133.63M | 134.31M | 130.46M | 134.98M | 136.23M | 153.15M | 157.54M | 156.19M | 151.85M |
| Asset Turnover | 0.26x | 0.26x | 0.25x | 0.25x | 0.25x | 0.28x | 0.29x | 0.29x | 0.29x | 0.31x | 0.30x | 0.27x | 0.28x | 0.29x | 0.28x | 0.26x | 0.25x | 0.24x | 0.25x | 0.24x |
| Asset Growth % | -0.46% | 1.76% | 2.97% | 18.71% | 11.8% | 8.25% | 9.71% | -10.87% | -9.97% | -6.15% | -11% | -1.91% | -12.31% | -17.19% | -13.58% | -10.28% | 4.27% | 18.08% | 22.74% | 30.03% |
| Total Current Liabilities | 38.47M | 36.62M | 38.57M | 35.93M | 37.77M | 35.86M | 44.28M | 45.73M | 48.85M | 36.2M | 40.8M | 33.74M | 36.11M | 33.42M | 41.08M | 39.59M | 41.57M | 40.39M | 39.17M | 39.98M |
| Accounts Payable | 4.81M | 4.07M | 4.99M | 6.79M | 2.03M | 1.19M | 2.59M | 1.24M | 2.4M | 1.3M | 1.42M | 2.15M | 1.38M | 1.15M | 1.06M | 1.66M | 1.13M | 1.94M | 961K | 338K |
| Days Payables Outstanding | 25.25 | 25.92 | 37.14 | 27.28 | 9.94 | 12.12 | 11.5 | 12.33 | 12.14 | 9.09 | 11.24 | 12.07 | 7.98 | 7.26 | 8.6 | 9.23 | 9.37 | 9.43 | 4.36 | 4.95 |
| Short-Term Debt | 4.01M | 4.01M | 4.01M | 3.93M | 6.54M | 4.79M | 8.72M | 16.57M | 14.5M | 7.82M | 9.66M | 4.61M | 4.55M | 5.32M | 4.43M | 4.39M | 4.33M | 5.24M | 4.52M | 5.25M |
| Deferred Revenue (Current) | 17.19M | 16.2M | 17.81M | 15.6M | 15.51M | 15.79M | 17.3M | 14.51M | 15.19M | 14.83M | 16.24M | 14.83M | 15.9M | 15.2M | 17.37M | 15.5M | 16.69M | 17.21M | 17.31M | 16.85M |
| Other Current Liabilities | 12.45M | 5.12M | 11.75M | 9.6M | 3.8M | 8.4M | 4M | 738K | 805K | 7.47M | 8.45M | 7.57M | 896K | 7.19M | 11.89M | 10.57M | 1.33M | 8.85M | 9.09M | 9.95M |
| Current Ratio | 0.52x | 0.55x | 0.53x | 0.70x | 0.54x | 0.55x | 0.47x | 0.37x | 0.41x | 0.67x | 0.61x | 1.21x | 1.25x | 1.31x | 1.20x | 1.31x | 1.66x | 1.82x | 1.86x | 1.69x |
| Quick Ratio | 0.52x | 0.55x | 0.53x | 0.70x | 0.54x | 0.55x | 0.47x | 0.37x | 0.41x | 0.67x | 0.61x | 1.21x | 1.25x | 1.31x | 1.20x | 1.31x | 1.55x | 1.82x | 1.86x | 1.69x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 53.67 | - | - | - |
| Total Non-Current Liabilities | 82.59M | 84.27M | 82.84M | 84.13M | 67.73M | 65.4M | 52.9M | 33.17M | 35.12M | 37.28M | 21.46M | 22.14M | 23.53M | 25.01M | 26.13M | 28.02M | 30.1M | 31.82M | 33.89M | 35.5M |
| Long-Term Debt | 74.02M | 75.02M | 76.03M | 77.03M | 58.67M | 57.9M | 44.91M | 25.66M | 27.57M | 29.47M | 14.16M | 15.36M | 16.53M | 17.69M | 18.84M | 20.04M | 21.16M | 22.27M | 23.36M | 24.43M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 1.17M | 0 | 0 | 0 | 1.67M | 0 | 0 | 0 | 372K | 0 | 0 | 0 | 1.17M | 2.17M | 1.64M |
| Deferred Tax Liabilities | 0 | 0 | 3.45M | 3.5M | 5.39M | 3.53M | 4.13M | 4M | 3.89M | 4.14M | 4.54M | 4.52M | 4.89M | 5.27M | 5.24M | 5.73M | 6.51M | 7M | 7.15M | 7.41M |
| Other Non-Current Liabilities | 8.58M | 9.25M | 3.23M | 3.6M | 3.67M | 2.59M | 3.86M | 3.52M | 3.65M | 2M | 2.75M | 2.27M | 2.1M | 1.67M | 2.05M | 2.25M | 2.43M | 1.38M | 1.21M | 2.03M |
| Total Liabilities | 121.06M | 120.89M | 121.41M | 120.06M | 105.5M | 101.25M | 97.17M | 78.9M | 83.97M | 73.48M | 62.26M | 55.88M | 59.64M | 58.43M | 67.22M | 67.61M | 71.67M | 72.2M | 73.06M | 75.48M |
| Total Debt | 78.03M | 79.03M | 80.04M | 80.96M | 65.2M | 64.41M | 53.63M | 42.22M | 42.07M | 39.56M | 23.83M | 19.96M | 21.08M | 23.39M | 23.27M | 24.43M | 25.49M | 28.68M | 30.05M | 31.32M |
| Net Debt | 75.48M | 74.9M | 77.82M | 75.68M | 62.7M | 60.18M | 50.17M | 41.74M | 40.37M | 32.91M | 20M | -2.53M | -2.65M | -1.64M | -5.12M | -8.54M | -21.8M | -25.68M | -22.44M | -17.57M |
| Debt / Equity | 5.78x | 5.65x | 5.59x | 3.80x | 2.20x | 2.06x | 1.55x | 1.05x | 1.14x | 0.81x | 0.41x | 0.26x | 0.28x | 0.32x | 0.34x | 0.36x | 0.31x | 0.34x | 0.36x | 0.41x |
| Debt / EBITDA | 10.08x | 11.60x | 8.06x | 24.31x | 6.43x | 5.80x | 5.63x | 4.07x | 4.12x | 3.01x | 2.07x | 1.83x | 2.02x | 1.72x | 1.88x | 1.91x | 1.96x | 2.02x | 2.07x | 2.26x |
| Net Debt / EBITDA | 9.76x | 10.99x | 7.84x | 22.73x | 6.18x | 5.42x | 5.27x | 4.02x | 3.96x | 2.50x | 1.74x | -0.23x | -0.25x | -0.12x | -0.41x | -0.67x | -1.67x | -1.80x | -1.54x | -1.27x |
| Interest Coverage | 4.44x | 3.39x | 5.29x | 1.56x | 9.59x | 13.17x | 11.33x | 15.97x | 14.54x | 43.79x | 63.74x | 50.19x | 38.39x | 34.12x | 38.62x | 35.79x | 36.90x | 32.31x | 31.57x | 29.12x |
| Total Equity | 13.49M | 13.99M | 14.31M | 21.33M | 29.67M | 31.28M | 34.62M | 40.2M | 36.95M | 48.95M | 57.87M | 77.75M | 74.67M | 72.03M | 67.77M | 68.62M | 81.49M | 85.34M | 83.13M | 76.36M |
| Equity Growth % | -54.52% | -55.28% | -58.66% | -46.94% | -19.69% | -36.1% | -40.17% | -48.3% | -50.52% | -32.04% | -14.6% | 13.3% | -8.37% | -15.59% | -18.48% | -10.14% | 11.24% | 32.69% | 46.54% | 67.56% |
| Book Value per Share | 0.62 | 0.64 | 0.63 | 0.94 | 1.29 | 1.34 | 1.46 | 1.68 | 1.54 | 1.99 | 2.34 | 3.15 | 3.02 | 2.91 | 2.73 | 2.72 | 3.21 | 3.33 | 3.24 | 2.98 |
| Total Shareholders' Equity | 13.49M | 13.99M | 14.31M | 21.33M | 29.67M | 31.28M | 34.62M | 40.2M | 36.95M | 48.95M | 57.87M | 77.75M | 74.67M | 72.03M | 67.77M | 68.62M | 81.49M | 85.34M | 83.13M | 76.36M |
| Common Stock | 32K | 32K | 32K | 32K | 31K | 31K | 31K | 31K | 31K | 31K | 31K | 31K | 31K | 31K | 31K | 31K | 31K | 31K | 31K | 31K |
| Retained Earnings | -17.68M | -17.3M | -15.47M | -16.89M | -14.01M | -17.06M | -20.86M | -23.73M | -27.04M | -30.53M | -36.48M | -16.85M | -21.17M | -25.18M | -28.87M | -31.24M | -33.62M | -36.11M | -42.7M | -49.3M |
| Treasury Stock | -154.48M | -152.62M | -152.03M | -142.67M | -136.9M | -131.93M | -124.61M | -115.98M | -115.98M | -98.76M | -82.39M | -82.08M | -80.25M | -78.27M | -75.95M | -72.3M | -56.83M | -50.15M | -44.94M | -44.94M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.61M | -2.42M | -2.32M | -2.38M | -2.38M | -2.27M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |