National Research Corporation (NRC) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 34.8M | 35.19M | 34.61M | 34.04M | 33.55M | 36.91M | 35.82M | 35.02M | 35.31M | 38M | 37.95M | 36.16M | 36.47M | 38.14M | 37.69M | 37.29M | 38.44M | 38.3M | 37.77M | 36.42M |
| Revenue Growth % | 3.73% | -4.64% | -3.38% | -2.81% | -4.99% | -2.88% | -5.6% | -3.15% | -3.18% | -0.37% | 0.67% | -3.03% | -5.12% | -0.4% | -0.2% | 2.38% | 8.39% | 10.13% | 12.81% | 16.87% |
| Cost of Goods Sold | 15.81M | 16.08M | 14.6M | 14.72M | 14.6M | 14.35M | 15.3M | 13.42M | 13.86M | 13.79M | 14.63M | 13.31M | 14.28M | 13.99M | 14.52M | 13.76M | 14.78M | 14.17M | 13.71M | 12.54M |
| COGS % of Revenue | 45.44% | 45.69% | 42.19% | 43.23% | 43.51% | 38.88% | 42.73% | 38.33% | 39.24% | 36.3% | 38.56% | 36.8% | 39.15% | 36.67% | 38.53% | 36.89% | 38.45% | 36.99% | 36.29% | 34.42% |
| Gross Profit | 18.99M | 19.11M | 20.01M | 19.32M | 18.95M | 22.56M | 20.51M | 21.6M | 21.46M | 24.21M | 23.31M | 22.85M | 22.19M | 24.16M | 23.17M | 23.53M | 23.66M | 24.13M | 24.06M | 23.89M |
| Gross Margin % | 54.56% | 54.31% | 57.82% | 56.77% | 56.49% | 61.12% | 57.27% | 61.67% | 60.76% | 63.7% | 61.44% | 63.2% | 60.85% | 63.33% | 61.47% | 63.11% | 61.55% | 63.01% | 63.71% | 65.58% |
| Gross Profit Growth % | 0.19% | -15.27% | -2.46% | -10.54% | -11.67% | -6.82% | -12% | -5.48% | -3.32% | 0.21% | 0.63% | -2.9% | -6.21% | 0.1% | -3.71% | -1.49% | 0.59% | 9.91% | 13.02% | 22.31% |
| Operating Expenses | 13.42M | 14.44M | 12.27M | 17.73M | 10.36M | 12.97M | 12.53M | 12.73M | 12.7M | 12.5M | 13.36M | 13.49M | 13.18M | 11.92M | 12.06M | 12.04M | 11.96M | 11.26M | 10.92M | 11.65M |
| OpEx % of Revenue | 38.56% | 41.04% | 35.46% | 52.1% | 30.87% | 35.14% | 34.99% | 36.36% | 35.96% | 32.89% | 35.2% | 37.3% | 36.13% | 31.24% | 31.99% | 32.28% | 31.13% | 29.4% | 28.92% | 31.98% |
| Selling, General & Admin | 13.42M | 14.44M | 12.27M | 17.73M | 10.36M | 11.49M | 10.99M | 11.22M | 11.22M | 11.07M | 11.8M | 11.97M | 11.78M | 10.54M | 10.76M | 10.75M | 10.65M | 9.9M | 9.52M | 10.02M |
| SG&A % of Revenue | 38.56% | 41.04% | 35.46% | 52.1% | 30.87% | 31.12% | 30.68% | 32.04% | 31.76% | 29.13% | 31.1% | 33.09% | 32.31% | 27.63% | 28.55% | 28.82% | 27.7% | 25.85% | 25.22% | 27.5% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 5.57M | 4.67M | 7.74M | 1.59M | 8.6M | 9.59M | 7.98M | 8.87M | 8.76M | 11.71M | 9.96M | 9.37M | 9.02M | 12.24M | 11.11M | 11.5M | 11.7M | 12.87M | 13.14M | 12.24M |
| Operating Margin % | 16% | 13.26% | 22.36% | 4.67% | 25.62% | 25.98% | 22.28% | 25.31% | 24.81% | 30.81% | 26.24% | 25.9% | 24.72% | 32.09% | 29.47% | 30.83% | 30.43% | 33.62% | 34.79% | 33.6% |
| Operating Income Growth % | -35.21% | -51.31% | -3.05% | -82.09% | -1.87% | -18.11% | -19.84% | -5.34% | -2.84% | -4.35% | -10.39% | -18.54% | -22.92% | -4.92% | -15.44% | -6.07% | -2.69% | 26.38% | 9.29% | 31.96% |
| EBITDA | 7.74M | 6.81M | 9.93M | 3.33M | 10.14M | 11.1M | 9.53M | 10.38M | 10.21M | 13.14M | 11.51M | 10.89M | 10.41M | 13.62M | 12.4M | 12.79M | 13.01M | 14.23M | 14.54M | 13.87M |
| EBITDA Margin % | 22.23% | 19.36% | 28.7% | 9.78% | 30.22% | 30.09% | 26.59% | 29.63% | 28.9% | 34.58% | 30.33% | 30.1% | 28.54% | 35.7% | 32.91% | 34.29% | 33.85% | 37.16% | 38.49% | 38.09% |
| EBITDA Growth % | -23.67% | -38.64% | 4.26% | -67.91% | -0.68% | -15.49% | -17.23% | -4.67% | -1.95% | -3.5% | -7.22% | -14.86% | -20% | -4.33% | -14.66% | -7.84% | -7.08% | 8.9% | 4.82% | 29.88% |
| D&A (Non-Cash Add-back) | 2.17M | 2.15M | 2.19M | 1.74M | 1.54M | 1.52M | 1.55M | 1.51M | 1.45M | 1.43M | 1.55M | 1.52M | 1.39M | 1.38M | 1.3M | 1.29M | 1.32M | 1.36M | 1.4M | 1.63M |
| EBIT | 5.57M | 4.64M | 7.73M | 1.61M | 8.62M | 9.6M | 8M | 8.87M | 8.8M | 11.74M | 10.2M | 9.64M | 9.25M | 9.76M | 11.12M | 11.38M | 11.7M | 12.89M | 13.04M | 12.32M |
| Net Interest Income | -1.22M | -1.34M | -1.42M | -1.01M | -880K | -707K | -672K | -530K | -561K | -227K | 96K | 81K | 9K | -152K | -273K | -304K | -312K | -395K | -409K | -420K |
| Interest Income | 35K | 30K | 41K | 21K | 19K | 22K | 34K | 25K | 44K | 41K | 256K | 273K | 250K | 134K | 15K | 14K | 5K | 4K | 4K | 3K |
| Interest Expense | 1.25M | 1.37M | 1.46M | 1.03M | 899K | 729K | 706K | 555K | 605K | 268K | 160K | 192K | 241K | 286K | 288K | 318K | 317K | 399K | 413K | 423K |
| Other Income/Expense | -1.19M | -1.4M | -1.47M | -1.01M | -873K | -713K | -684K | -541K | -566K | -241K | 84K | 79K | -5K | -2.77M | -262K | -432K | -264K | -383K | -514K | -345K |
| Pretax Income | 4.38M | 3.27M | 6.27M | 581K | 7.72M | 8.88M | 7.3M | 8.32M | 8.19M | 11.47M | 10.04M | 9.44M | 9.01M | 9.47M | 10.85M | 11.06M | 11.43M | 12.49M | 12.62M | 11.89M |
| Pretax Margin % | 12.58% | 9.29% | 18.12% | 1.71% | 23.02% | 24.05% | 20.37% | 23.77% | 23.2% | 30.18% | 26.46% | 26.12% | 24.71% | 24.83% | 28.78% | 29.67% | 29.74% | 32.62% | 33.43% | 32.65% |
| Income Tax | 1.16M | 1.47M | 2.15M | 687K | 1.94M | 2.31M | 1.61M | 2.15M | 1.83M | 2.61M | 2.16M | 2.17M | 2.05M | 2.83M | 2.55M | 2.74M | 2.89M | 2.86M | 2.97M | 2.95M |
| Effective Tax Rate % | 26.42% | 45.01% | 34.3% | 118.24% | 25.07% | 26.08% | 22.04% | 25.82% | 22.39% | 22.76% | 21.55% | 22.99% | 22.72% | 29.88% | 23.5% | 24.78% | 25.31% | 22.88% | 23.5% | 24.8% |
| Net Income | 3.22M | 1.8M | 4.12M | -106K | 5.79M | 6.56M | 5.69M | 6.17M | 6.36M | 8.86M | 7.88M | 7.27M | 6.96M | 6.64M | 8.29M | 8.32M | 8.54M | 9.63M | 9.66M | 8.94M |
| Net Margin % | 9.26% | 5.11% | 11.91% | -0.31% | 17.25% | 17.77% | 15.88% | 17.63% | 18.01% | 23.31% | 20.76% | 20.11% | 19.09% | 17.41% | 22.01% | 22.32% | 22.21% | 25.15% | 25.57% | 24.55% |
| Net Income Growth % | -44.32% | -72.61% | -27.55% | -101.72% | -9% | -25.94% | -27.78% | -15.1% | -8.69% | 33.38% | -5.04% | -12.61% | -18.44% | -31.06% | -14.11% | -6.95% | -7.51% | 17.3% | 0.82% | 15.93% |
| Net Income (Continuing) | 3.22M | 1.8M | 4.12M | -106K | 5.79M | 6.56M | 5.69M | 6.17M | 6.36M | 8.86M | 7.88M | 7.27M | 6.96M | 6.64M | 8.3M | 8.32M | 8.54M | 9.63M | 9.66M | 8.94M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.14 | 0.08 | 0.18 | -0.00 | 0.25 | 0.28 | 0.24 | 0.26 | 0.27 | 0.36 | 0.32 | 0.29 | 0.28 | 0.27 | 0.33 | 0.33 | 0.34 | 0.38 | 0.38 | 0.35 |
| EPS Growth % | -44% | -70.57% | -25% | -101.81% | -7.41% | -22.22% | -25% | -10.34% | -3.57% | 33.33% | -3.03% | -12.12% | -17.65% | -28.95% | -13.16% | -5.71% | -5.56% | 18.75% | 2.7% | 16.67% |
| EPS (Basic) | 0.15 | 0.08 | 0.18 | -0.00 | 0.25 | 0.28 | 0.24 | 0.26 | 0.27 | 0.36 | 0.32 | 0.30 | 0.28 | 0.27 | 0.34 | 0.33 | 0.34 | 0.38 | 0.38 | 0.35 |
| Diluted Shares Outstanding | 21.91M | 21.81M | 22.59M | 22.66M | 22.97M | 23.37M | 23.75M | 23.91M | 23.96M | 24.55M | 24.7M | 24.72M | 24.74M | 24.77M | 24.85M | 25.21M | 25.39M | 25.6M | 25.65M | 25.64M |
| Basic Shares Outstanding | 21.8M | 21.79M | 22.58M | 22.66M | 22.97M | 23.35M | 23.72M | 23.87M | 23.87M | 24.44M | 24.56M | 24.58M | 24.87M | 24.65M | 24.72M | 25.08M | 25.25M | 25.42M | 25.43M | 25.43M |
| Dividend Payout Ratio | 112.51% | 150.14% | 67.36% | - | 47.87% | 42.94% | 50.35% | 46.41% | 45.7% | 33.27% | 349.31% | 40.57% | 42.45% | 89.23% | 71.67% | 72.66% | 35.65% | 31.7% | 31.6% | 34.13% |