Natural Grocers by Vitamin Cottage, Inc. (NGVC) — Financial statements
Income statement, balance sheet, and cash flow for Natural Grocers by Vitamin Cottage, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,331↑7.2% | 1,242↑8.9% | 1,141↑4.7% | 1,090↑3.2% | 1,056 | |
| Cost of Revenue | 933↑6.4% | 877↑7.8% | 814↑3.7% | 785↑2.8% | 763 | |
| Gross Profit | 398↑9.1% | 365↑11.6% | 327↑7.2% | 305↑4.3% | 292 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 41↑11.8% | 37↑7.8% | 34↑8.9% | 32↑11.3% | 28 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 41↑11.8% | 37↑7.8% | 34↑8.9% | 32↑11.3% | 28 | |
| Other Expenses | 294↑4.9% | 281↑7.6% | 261↑7.3% | 243↑3.3% | 236 | |
| Operating Expenses | 336↑5.7% | 318↑7.6% | 295↑7.5% | 275↑4.1% | 264 | |
| Total Costs & Expenses | 1,269↑6.2% | 1,195↑7.7% | 1,109↑4.7% | 1,059↑3.1% | 1,027 | |
| Operating Results | ||||||
| Operating Income | 62↑32.0% | 47↑48.3% | 32↑5.0% | 30↑6.5% | 28 | |
| Depreciation & Amortization | 32↑2.9% | 31↑1.7% | 30↑6.3% | 29↓6.0% | 30 | |
| EBITDA | 94↑20.4% | 78↑25.5% | 62↑5.6% | 59↑0.0% | 59 | |
| EBIT | 62↑32.0% | 47↑48.3% | 32↑5.0% | 30↑6.5% | 28 | |
| Interest & Other Income | ||||||
| Net Interest Income | -3↑26.7% | -4↓26.6% | -3↓39.1% | -2↓4.4% | -2 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 3↓26.7% | 4↑26.6% | 3↑39.1% | 2↑4.4% | 2 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -3↑26.7% | -4↓26.6% | -3↓39.1% | -2↓4.4% | -2 | |
| Income Before Tax | 59↑37.7% | 43↑50.9% | 28↑2.1% | 28↑6.6% | 26 | |
| Income Tax Expense | 12↑40.8% | 9↑72.9% | 5↓20.1% | 6↑17.2% | 5 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 46↑36.9% | 34↑46.0% | 23↑8.8% | 21↑3.8% | 21 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 46↑36.9% | 34↑46.0% | 23↑8.8% | 21↑3.8% | 21 | |
| Bottom-Line Net Income | 46↑36.9% | 34↑46.0% | 23↑8.8% | 21↑3.8% | 21 | |
| EPS (Basic) | 2.02↑35.6% | 1.49↑46.1% | 1.02↑8.5% | 0.94↑3.3% | 0.91 | |
| EPS (Diluted) | 2.00↑36.1% | 1.47↑44.1% | 1.02↑8.5% | 0.94↑3.3% | 0.91 | |
| Weighted Average Shares | 23↑0.7% | 23↑0.2% | 23↑0.3% | 23↑0.3% | 23 | |
| Weighted Average Diluted Shares | 23↑0.7% | 23↑1.1% | 23↑0.1% | 23↑0.5% | 23 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.