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Natural Grocers by Vitamin Cottage NGVC Business Segments — Operating Expenses

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Other financials

Income statement

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Revenue$334.7M+1.8%
Gross profit$75.8M0.0%
Operating income$3.6M-61.4%
Net income$11.1M-4.6%
EPS (diluted)$0.09-71.9%

Balance sheet

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Cash & equivalents$17.5M+32.5%
Total debt$322.7M-4.7%
Total equity$239.4M+18.2%
Total assets$687.7M+4.4%

Cash flow

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Operating cash flow$11.3M+284%
CapEx$10.0M+41.3%
Free cash flow$1.3M

Valuation

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Market cap$747.9M-27.8%
Enterprise value$1.05B-22.1%
P/E15.7×-8.0×
P/S0.6×-0.2×

Profitability

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Gross margin28%+0.3pp
Operating margin2.8%+0.1pp
Net margin3.5%+0.2pp
FCF margin1.7%

Returns & leverage

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Return on equity21.6%-2.0pp
Debt / equity1.3×-0.3×
Current ratio1.1×+0.1×

Where this comes from

Reported directly by Natural Grocers by Vitamin Cottage in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Natural Grocers by Vitamin Cottage’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:07 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001437749-26-026255
Line itemThree months ended / June 30, 2026Three months ended / June 30, 2025Nine months ended / June 30, 2026Nine months ended / June 30, 2025
Net sales$334,739328,7051,007,694994,695
Less:
Cost of goods sold and occupancy costs236,731230,426708,384695,844
Direct operating costs79,00478,293237,093237,826
Pre-opening expenses1,288242,296877
Other segment items (1)2,7204,37512,17313,660
Interest expense, net6636942,0082,367
Provision for income taxes3,2603,2889,8999,477

Item 1. Financial Statements

FAQ

What is Natural Grocers by Vitamin Cottage's business segments — operating expenses?
Natural Grocers by Vitamin Cottage (NGVC) reported business segments — operating expenses of $79M in Q2 2026.
What does business segments — operating expenses mean?
This encompasses all recurring costs associated with running the business, including store labor, administrative salaries, marketing, and general overhead. It provides insight into the company's ability to manage its day-to-day operational footprint relative to its revenue generation. Controlling these expenses is critical for maintaining healthy operating margins.

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