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National CineMedia NCMI Operating Income

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Other financials

Income statement

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Revenue$58.4M+12.7%
Gross profit$54.7M+12.6%
Net income-$9.9M+7.5%
EPS (diluted)-$0.110.0%

Balance sheet

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Cash & equivalents$46.1M+14.4%
Total debt$21.9M+62.2%
Total equity$334.3M-4.5%
Total assets$446.3M-3.4%

Cash flow

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Operating cash flow$18.1M+202%
CapEx$700.0K-58.8%
Free cash flow$17.8M+236%

Valuation

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Market cap$370.43M-13.1%
Enterprise value$346.23M-13.4%
P/S1.5×-0.3×

Profitability

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Gross margin94.2%-0.4pp
Operating margin-11.9%
Net margin-9.5%
FCF margin6.3%-10.4pp

Returns & leverage

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Return on equity-5.9%
Debt / equity0.1×0.0×
Current ratio1.8×+0.1×

Where this comes from

Reported directly by National CineMedia in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: National CineMedia’s 10-Q, filed August 11, 2026.

Filed
Aug 11, 2026, 5:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-344956
Line itemThree Months Ended / July 2, 2026Three Months Ended / June 26, 2025Six Months Ended / July 2, 2026Six Months Ended / June 26, 2025
Depreciation expense1.51.13.02.2
Amortization expense8.08.216.017.6
Total71.263.8132.1122.5
OPERATING LOSS(12.8)(12.0)(39.7)(35.9)
NON-OPERATING EXPENSE (INCOME):
Interest on borrowings0.20.10.50.3
Interest income(0.3)(0.4)(0.6)(0.9)
(Gain) loss on re-measurement of the payable under the tax receivable agreement(2.3)(0.8)(0.3)4.6

Item 1. Financial Statements

FAQ

What is National CineMedia's operating income?
National CineMedia (NCMI) reported operating income of -$12.8M in Q2 2026.
How has National CineMedia's operating income changed year-over-year?
National CineMedia's operating income decreased by 6.7% year-over-year, from -$12M to -$12.8M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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