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Other financials

Income statement

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Revenue$35.4M+4.0%
Net income-$3.3M-213%
EPS (diluted)-$0.15-101%

Balance sheet

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Cash & equivalents$3.3M-36.9%
Total debt$86.0M+11.7%
Total equity$6.5M-69.3%
Total assets$136.2M-3.7%

Cash flow

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Operating cash flow$1.4M
CapEx-$1.3M-144%
Free cash flow$62.0K+101%

Valuation

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Market cap$449.91M+32.8%
Enterprise value$532.6M+29.8%
P/E78.4×+59.8×
P/S3.2×+0.8×

Profitability

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Operating margin16.4%-8.2pp
Net margin4.1%-8.9pp
FCF margin15.5%+8.9pp

Returns & leverage

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Return on equity41.2%-18.0pp
Debt / equity13.1×+9.5×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by National Research Corporation in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: National Research Corporation’s 10-K, filed March 5, 2026.

Filed
Mar 5, 2026, 9:57 AM EST
Fiscal year
FY2025
Accession
0001437749-26-007002
Line item202520242023
Selling, general and administrative54,80544,91146,621
Depreciation and amortization7,6246,0225,899
Total operating expenses114,800107,866108,535
Operating income22,59035,19440,045
Other income (expense):
Interest income111125820
Interest expense(4,761)(2,595)(862)
Other, net(95)(34)(41)

Item 3. Legal Proceedings

FAQ

What is National Research Corporation's operating income?
National Research Corporation (NRC) reported operating income of $5.65M in Q4 2025.
How has National Research Corporation's operating income changed year-over-year?
National Research Corporation's operating income decreased by 35.8% year-over-year, from $8.8M to $5.65M.
What is the long-term trend for National Research Corporation's operating income?
Over 4 years (2021 to 2025), National Research Corporation's operating income has grown at a -18.1% compound annual growth rate (CAGR), from $50.27M to $22.59M.
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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