Short answer
Natural Grocers by Vitamin Cottage, Inc. (NGVC) filed its Q4 2025 10-Q quarterly report on Feb 5, 2026 for the quarter ended Dec 31, 2025. Quarterly revenue was $336M (up 1.6% year over year) with net income of $11M.
Q4 2025 key financials · XBRL
- Revenue
- $336M
- +1.6% YoY
- Net income
- $11M
- +14.0% YoY
- Operating margin
- 4.4%
- Gross margin
- 29.5%
- EPS (diluted)
- $0.49
- +14.0% YoY
Source: XBRL data from the Natural Grocers by Vitamin Cottage, Inc. (NGVC) Q4 2025 10-Q on SEC EDGAR. USD.
Natural Grocers by Vitamin Cottage, Inc. Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $335.6M, up 1.6% YoY from $330.2M, driven by $5.7M comparable-store growth
- Gross margin 29.5% vs 29.9% YoY, pressured by lower product margin and higher inventory shrink
- Operating margin 4.4% vs 4.0% YoY; net income $11.3M vs $9.9M
- Comparable-store sales best-performing line, up 1.7%; closed stores reduced sales by $2.8M
- Cash $23.2M and $67.6M borrowing availability; outlook includes six to eight new stores amid competition, inflation, tariffs and labor constraints
Risk Factors
- No material changes to 10-K risk factors
- Related-party Lakewood lease extended 24 months with approximately $0.1 million annual rent
- Audit committee approval required under related-party transaction policy
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Natural Grocers by Vitamin Cottage, Inc. quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.