
National Research Corporation Income Statement 2025-2008 | NRC
Brief overview of profit and loss at National Research Corporation
The overview follows changes across a five-year period. Revenue at National Research Corporation moved from $133 million in 2020 to $137 million in 2025. The total change was +3.1%, with a CAGR of approximately 0.6%. Revenue was effectively stagnant over the period.
The operating result measured by EBITDA moved from $43 million to $30.2 million, or −29.7%. EBITDA lagged revenue, showing weaker operating momentum. At the operating-margin level, the figure shifted from 32.3% to 22%. A lower EBITDA share weakens the quality of the result.
Net income changed from 37.3 million dollars to 11.6 million dollars (−68.9%). The decline reduces the quality of the financial trajectory.
Over the period, capitalization shifted from $1.1 billion to $315 million (−72.2%). The decline in value indicates softer investor confidence.
Overall conclusion
The results contain several connected negative signals. Caution is warranted because of lower investor confidence, a weaker final result and a softer top-line trend. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement National Research Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
315 M | 334 M | 1.01 B | 1.14 B | 1.06 B | 1.13 B | 1.72 B | 1.06 B | 899 M | 417 M | 365 M | 336 M | 374 M | - | - | - | - | - |
Shares |
22.4 M | 23.7 M | 24.5 M | 24.9 M | 25.4 M | 25.2 M | 24.8 M | 27.1 M | 24.3 M | 24.2 M | 24.2 M | 24.2 M | 24.1 M | - | - | 6.64 M | 6.64 M | - |
Historical Prices |
14.1 | 14.1 | 41.1 | 45.7 | 41.6 | 45.1 | 66.8 | 38.3 | 35.5 | 16.2 | 13.4 | 12.1 | 13.1 | - | - | |||
Net Income |
11.6 M | 24.8 M | 31 M | 31.8 M | 37.5 M | 37.3 M | 32.4 M | 30 M | 22.9 M | 20.5 M | 17.6 M | 18.2 M | 15.5 M | 15.1 M | 11.6 M | 11.6 M | 8.49 M | - |
Revenue |
137 M | 143 M | 149 M | 152 M | 148 M | 133 M | 128 M | 120 M | 118 M | 109 M | 102 M | 98.8 M | 92.6 M | 86.4 M | 75.8 M | 63.4 M | 57.7 M | - |
Gross Profit |
- | - | - | - | - | - | 81.5 M | 72.1 M | 68.5 M | 63.8 M | 57.7 M | 57.1 M | 53.7 M | 51 M | 47.1 M | - | - | - |
Operating Income |
22.6 M | 35.2 M | 40 M | 46.5 M | 50.3 M | 42.7 M | 43 M | 35.3 M | 34.2 M | 31.2 M | 26.4 M | 28.3 M | 24.8 M | 22.7 M | 18.7 M | 13.9 M | 13.7 M | - |
Interest Expense |
-95 K | 2.6 M | 862 K | 1.21 M | 1.67 M | 1.81 M | 2.09 M | 1.51 M | 82 K | 190 K | 220 K | 305 K | 397 K | 541 K | 629 K | 491 K | 405 K | - |
EBITDA |
30.2 M | 41.2 M | 45.9 M | 46.7 M | 50.6 M | 43 M | 48.6 M | 40.7 M | 38.8 M | 35.4 M | 30.6 M | 32.1 M | 28.5 M | 27.4 M | 23.8 M | 18.6 M | 17.5 M | - |
Operating Expenses |
- | - | - | - | - | - | 38.5 M | 36.8 M | 34.3 M | 32.6 M | 31.3 M | 28.8 M | 28.9 M | 28.2 M | 28.4 M | 49.5 M | 44 M | - |
General and Administrative Expenses |
54.8 M | 44.9 M | 46.6 M | 42.7 M | 39 M | 34.4 M | 33 M | 31.4 M | 29.7 M | 28.4 M | 27.2 M | 25 M | 25.2 M | 23.5 M | 23.3 M | 20.2 M | 16 M | - |
All numbers in USD currency
Quarterly Income Statement National Research Corporation
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
21.8 M | 22.1 M | 22.7 M | 23 M | 23.1 M | 23.7 M | 23.9 M | 23.9 M | 24.2 M | 24.6 M | 24.6 M | 24.6 M | 24.6 M | 24.7 M | 25.1 M | 25.3 M | 25.4 M | 25.4 M | 25.4 M | 25.4 M | 25.4 M | 25.2 M | 25.1 M | 25 M | 24.9 M | 24.8 M | 24.8 M | 24.8 M | 24.8 M | 24.8 M | 24.8 M | 24.8 M | 20.9 M | 20.9 M | 20.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.89 M | 6.87 M | 6.79 M | 6.75 M | 6.72 M | 6.72 M | 6.68 M | 6.66 M | 6.65 M |
Net Income |
3.22 M | 4.12 M | -106 K | 5.79 M | - | 5.69 M | 6.18 M | 6.36 M | - | 7.88 M | 7.27 M | 6.96 M | - | 8.3 M | 8.32 M | 8.54 M | - | 9.66 M | 8.94 M | 9.23 M | - | 9.58 M | 7.72 M | 11.8 M | - | 8.12 M | 7.39 M | 8.2 M | - | 6.99 M | 7.95 M | 7.31 M | - | 4.15 M | 5.75 M | 6.52 M | - | 4.73 M | 4.56 M | 5.51 M | - | 4.14 M | 4.06 M | 3.48 M | - | 4.55 M | 4.05 M | 5.45 M | - | 3.81 M | 3.43 M | 4.47 M | - | 3.58 M | 3.94 M | 3.85 M | - | 2.65 M | 2.33 M | 3.46 M |
Revenue |
34.8 M | 34.6 M | 34 M | 33.6 M | - | 35.8 M | 35 M | 35.3 M | - | 37.9 M | 36.2 M | 36.5 M | - | 37.7 M | 37.3 M | 38.4 M | - | 37.8 M | 36.4 M | 35.5 M | - | 33.5 M | 31.2 M | 33.9 M | - | 32.5 M | 31.4 M | 31.5 M | - | 30 M | 28 M | 31 M | - | 29 M | 28.4 M | 30.3 M | - | 27 M | 26.1 M | 27.9 M | - | 25.2 M | 24.5 M | 26.3 M | - | 23.7 M | 24 M | 26 M | - | 22.4 M | 22.4 M | 24.9 M | - | 21.4 M | 20.6 M | 22.4 M | - | 18.5 M | 18.3 M | 19.8 M |
Operating Income |
5.57 M | 7.74 M | 1.59 M | 8.6 M | - | 7.98 M | 8.86 M | 8.76 M | - | 9.96 M | 9.36 M | 9.02 M | - | 11.1 M | 11.5 M | 11.7 M | - | 13.1 M | 12.2 M | 12 M | - | 12 M | 9.28 M | 11.2 M | - | 10.2 M | 10.1 M | 10.7 M | - | 9.17 M | 7.76 M | 8.96 M | - | 7.12 M | 8.45 M | 9.98 M | - | 7.34 M | 7.02 M | 8.01 M | - | 6.55 M | 6.36 M | 5.83 M | - | 7.16 M | 6.32 M | 8.4 M | - | 6.03 M | 5.53 M | 7.22 M | - | 5.65 M | 5.22 M | 6.08 M | - | 4.19 M | 3.83 M | 5.7 M |
Interest Expense |
30 K | 1.46 M | 1.03 M | 899 K | - | 706 K | 555 K | 605 K | - | -12 K | -2 K | 241 K | - | 288 K | 318 K | 317 K | - | 413 K | 423 K | 432 K | - | 451 K | 450 K | 465 K | - | 510 K | 533 K | 570 K | - | 544 K | 439 K | 8 K | - | 18 K | 23 K | 27 K | - | 38 K | 36 K | 85 K | - | 52 K | 57 K | 63 K | - | 76 K | 78 K | 81 K | - | 91 K | 101 K | 117 K | - | 134 K | 140 K | 142 K | - | 155 K | 156 K | 169 K |
EBITDA |
7.74 M | 9.93 M | 3.33 M | 10.1 M | - | 9.53 M | 10.4 M | 10.2 M | - | 11.5 M | 10.9 M | 10.4 M | - | 12.4 M | 12.8 M | 13 M | - | 13.1 M | 12.2 M | 12 M | - | 13.9 M | 10.7 M | 12.6 M | - | 11.6 M | 11.6 M | 12.1 M | - | 10.6 M | 9.08 M | 10.2 M | - | 8.25 M | 9.59 M | 11.1 M | - | 8.42 M | 8.11 M | 8.97 M | - | 7.62 M | 7.39 M | 6.84 M | - | 8.11 M | 7.24 M | 9.34 M | - | 6.94 M | 6.46 M | 8.17 M | - | 6.8 M | 6.43 M | 7.32 M | - | 5.51 M | 5.07 M | 6.94 M |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.3 M | 20.8 M | - | 20.8 M | 20.3 M | 22.1 M | - | 21.8 M | 20 M | 20.3 M | - | 19.7 M | 19.1 M | 19.9 M | - | 18.7 M | 18.1 M | 20.4 M | - | 16.5 M | 17.7 M | 17.6 M | - | 16.4 M | 16.8 M | 17.7 M | - | 15.7 M | 15.4 M | 16.3 M | - | 14.4 M | 14.5 M | 14.1 M |
General and Administrative Expenses |
13.4 M | 12.3 M | 17.7 M | 10.4 M | - | 11 M | 11.2 M | 11.2 M | - | 11.8 M | 12 M | 11.8 M | - | 10.8 M | 10.7 M | 10.6 M | - | 9.52 M | 10 M | 9.52 M | - | 7.95 M | 8.85 M | 8.75 M | - | 8.71 M | 8.32 M | 7.71 M | - | 7.68 M | 7.94 M | 7.87 M | - | 8.43 M | 6.9 M | 6.69 M | - | 7.14 M | 7.27 M | 7.36 M | - | 6.62 M | 6.64 M | 7.63 M | - | 5.8 M | 5.98 M | 6.37 M | - | 6.02 M | 6.39 M | 6.49 M | - | 5.82 M | 5.57 M | 6.15 M | - | 5.57 M | 5.99 M | 6.09 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company National Research Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.