What is NAGE's IRS ERTC disallowance?

NAGE (NAGE) reported IRS ERTC disallowance of -$53.5K in Q4 2025.

What does IRS ERTC disallowance mean?

This metric reflects the financial impact of disallowed Employee Retention Tax Credit (ERTC) claims previously recognized as income or assets. It represents the reversal of tax benefits due to regulatory audits, eligibility reassessments, or failure to meet specific IRS compliance criteria. This figure serves as a risk indicator regarding the company's historical tax accounting practices and potential future cash outflows related to tax adjustments.

NAGE NAGE IRS ERTC disallowance

IRS ERTC disallowance at other companies

Healthcare Services GroupHCSG

-$1.71M—

TuHURA Biosciences, Inc.HURA

$28.39K—

American VanguardAVD

-1.5%—

Healthcare Services GroupHCSG

-10.1%—

Trex CompanyTREX

$0—

Acco BrandsACCO

-$475K+32.1%

Other financials

Income statement

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Revenue$31.5M+3.3%

Gross profit$20.0M+3.3%

Operating income$1.6M-67.0%

Net income$6.3M+24.8%

EPS (diluted)$0.07+16.7%

Balance sheet

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Cash & equivalents$66.5M+19.7%

Total debt$2.6M-26.9%

Total equity$82.3M+48.8%

Total assets$114.3M+40.6%

Cash flow

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Operating cash flow-$1.2M-115%

Valuation

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Market cap$254.07M-74.9%

Enterprise value$190.09M-79.7%

P/E13.6×-43.5×

P/S2×-6.8×

Profitability

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Gross margin64.3%+1.8pp

Operating margin10%-2.2pp

Net margin14.3%+1.2pp

FCF margin-70.4%—

Returns & leverage

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Return on equity27.1%-6.4pp

Debt / equity0×0.0×

Current ratio4.6×+0.9×

Where this comes from

Reported directly by NAGE in its filing.

Tagged under the XBRL concept cdxc:IRSERTCDisallowance.

The official record: NAGE’s 10-K, filed March 4, 2026, on SEC EDGAR. View the filing →

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What is NAGE's IRS ERTC disallowance?: NAGE (NAGE) reported IRS ERTC disallowance of -$53.5K in Q4 2025.
What does IRS ERTC disallowance mean?: This metric reflects the financial impact of disallowed Employee Retention Tax Credit (ERTC) claims previously recognized as income or assets. It represents the reversal of tax benefits due to regulatory audits, eligibility reassessments, or failure to meet specific IRS compliance criteria. This figure serves as a risk indicator regarding the company's historical tax accounting practices and potential future cash outflows related to tax adjustments.