NCMI · National Cinemedia, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.00M | $63.40M | $51.80M | $34.90M | - | $62.40M | $54.70M | $37.40M | - | $24.70M |
| Cost of Revenue | $4.00M | $3.20M | $3.20M | $3.10M | - | $3.30M | $3.70M | $3.60M | - | $8.30M |
| Gross Profit | $30.00M | $60.20M | $48.60M | $31.80M | - | $59.10M | $51.00M | $33.80M | - | $16.40M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $13.30M | $10.60M | $10.60M | $12.90M | - | $12.90M | $13.40M | $13.50M | - | $7.30M |
| Total Operating Expenses | $60.90M | $65.20M | $63.80M | $58.80M | - | $69.90M | $64.00M | $60.10M | - | $37.00M |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($26.90M) | ($1.80M) | ($12.00M) | ($23.90M) | - | ($7.50M) | ($9.30M) | ($22.70M) | - | ($12.30M) |
| Interest Expense | $200.0K | $100.0K | $100.0K | $200.0K | - | $400.0K | $400.0K | $400.0K | - | $300.0K |
| Income Tax | $0 | $0 | $0 | $0 | - | $0 | $0 | $0 | - | $0 |
| Net Income | ($28.60M) | $1.60M | ($10.70M) | ($30.70M) | - | ($3.60M) | ($8.70M) | ($34.70M) | - | $181.80M |
| EPS - Basic | ($0.31) | $0.02 | ($0.11) | ($0.32) | - | ($0.04) | ($0.09) | ($0.36) | - | $2.89 |
| EPS - Diluted | ($0.31) | $0.02 | ($0.11) | ($0.32) | - | ($0.04) | ($0.09) | ($0.36) | - | $2.89 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $48.60M | $29.90M | $37.20M | $59.70M | $75.10M | $49.40M | $53.80M | $57.10M | $34.60M | $17.20M |
| Accounts Receivable | $70.10M | $59.10M | $57.10M | $46.70M | $85.30M | $62.80M | $50.70M | $48.60M | $96.60M | $69.30M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $26.10M | $20.80M | $19.40M | $19.80M | $23.00M | $16.20M | $16.30M | $16.20M | $21.70M | $18.80M |
| Current Assets | $125.80M | $95.70M | $101.00M | $124.20M | $177.90M | $125.60M | $116.40M | $117.40M | $143.80M | $103.40M |
| Total Assets | $468.70M | $451.90M | $462.00M | $503.80M | $568.60M | $526.10M | $527.20M | $538.60M | $567.70M | $539.00M |
| Current Liabilities | $69.30M | $50.50M | $57.90M | $54.30M | $73.50M | $51.10M | $47.50M | $42.50M | $58.40M | $51.80M |
| Long-term Debt | $12.00M | $0 | $0 | $0 | $10.00M | $10.00M | $10.00M | $10.00M | $10.00M | $10.00M |
| Total Liabilities | $123.90M | $101.40M | $112.00M | $133.00M | $157.40M | $140.60M | $139.30M | $136.30M | $133.20M | $129.70M |
| Stockholders' Equity | $344.80M | $350.50M | $350.00M | $370.80M | $411.20M | $385.50M | $387.90M | $402.30M | $434.50M | $409.30M |
| Retained Earnings | $204.30M | $213.50M | $214.80M | $237.90M | $280.90M | $258.30M | $263.80M | $281.80M | $316.60M | $293.00M |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $18.10M | - | - | $6.00M | - | - | - | $24.10M | - | - |
| Investing Cash Flow | ($100.0K) | - | - | ($700.0K) | - | - | - | ($1.30M) | - | - |
| Financing Cash Flow | ($4.00M) | - | - | ($20.40M) | - | - | - | ($300.0K) | - | - |
| CapEx | $300.0K | - | - | $700.0K | - | - | - | $1.50M | - | - |
| Free Cash Flow | $17.80M | - | - | $5.30M | - | - | - | $22.60M | - | - |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 88.2% | 95.0% | 93.8% | 91.1% | - | 94.7% | 93.2% | 90.4% | - | 66.4% |
| Operating margin | -79.1% | -2.8% | -23.2% | -68.5% | - | -12.0% | -17.0% | -60.7% | - | -49.8% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -84.1% | 2.5% | -20.7% | -88.0% | - | -5.8% | -15.9% | -92.8% | - | 736.0% |
| Free cash flow margin | 52.4% | - | - | 15.2% | - | - | - | 60.4% | - | - |
| FCF / Net income | -0.62 | - | - | -0.17 | - | - | - | -0.65 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 39.1% | 16.7% | 20.5% | 37.0% | - | 20.7% | 24.5% | 36.1% | - | 29.6% |
| Effective tax rate | - | 0.0% | - | - | - | - | - | - | - | 0.0% |
| Return on assets | -6.1% | 0.4% | -2.3% | -6.1% | - | -0.7% | -1.7% | -6.4% | - | 33.7% |
| Return on equity | -8.3% | 0.5% | -3.1% | -8.3% | - | -0.9% | -2.2% | -8.6% | - | 44.4% |
| Return on invested capital | -6.0% | -0.5% | -2.7% | -5.1% | - | -1.5% | -1.8% | -4.3% | - | -2.9% |
| Liquidity | ||||||||||
| Current ratio | 1.82 | 1.90 | 1.74 | 2.29 | 2.42 | 2.46 | 2.45 | 2.76 | 2.46 | 2.00 |
| Quick ratio | 1.82 | 1.90 | 1.74 | 2.29 | 2.42 | 2.46 | 2.45 | 2.76 | 2.46 | 2.00 |
| Cash ratio | 0.70 | 0.59 | 0.64 | 1.10 | 1.02 | 0.97 | 1.13 | 1.34 | 0.59 | 0.33 |
| Leverage | ||||||||||
| Debt / Equity | 0.03 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| Debt / Assets | 0.03 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -134.5x | -18.0x | -120.0x | -119.5x | - | -18.8x | -23.3x | -56.8x | - | -41.0x |
| Equity multiplier | 1.36 | 1.29 | 1.32 | 1.36 | 1.38 | 1.36 | 1.36 | 1.34 | 1.31 | 1.32 |
| Liabilities / Assets | 0.26 | 0.22 | 0.24 | 0.26 | 0.28 | 0.27 | 0.26 | 0.25 | 0.23 | 0.24 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | 0.14 | 0.11 | 0.07 | - | 0.12 | 0.10 | 0.07 | - | 0.05 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 753d | 340d | 402d | 488d | - | 367d | 338d | 474d | - | 1024d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 2382d | 2373d | 2213d | 2331d | - | 1792d | 1608d | 1643d | - | 827d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | 232.5x | - | - | - | - | - | - | - | 1.5x |
| P / B | 0.8x | 1.3x | 1.3x | 1.6x | - | 1.7x | 1.1x | 1.2x | - | 0.7x |
| P / S | 8.2x | 6.9x | 8.9x | 16.5x | - | 10.7x | 7.5x | 13.3x | - | 11.3x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -2.6% | 1.6% | -5.3% | -6.7% | - | 152.6% | 269.6% | 7.2% | - | -54.7% |
| Revenue CAGR (3y) | -0.9% | 5.2% | - | -19.6% | - | 25.3% | 57.5% | 90.6% | - | 60.3% |
| Revenue CAGR (5y) | 44.5% | 60.2% | - | 54.2% | - | -10.8% | -13.1% | -13.4% | - | -26.7% |
| Gross profit growth (YoY) | -5.7% | 1.9% | -4.7% | -5.9% | - | 260.4% | 269.6% | 15.8% | - | -66.0% |
| Operating income growth (YoY) | -12.6% | 76.0% | -29.0% | -5.3% | - | 39.0% | -89.8% | 25.8% | - | -192.9% |
| Net income growth (YoY) | 6.8% | - | -23.0% | 11.5% | - | - | - | 23.7% | - | - |
| EPS growth (YoY) | 3.1% | - | -22.2% | 11.1% | - | - | - | -16.1% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | 83.2% |
| FCF growth (YoY) | 235.8% | - | - | -76.5% | - | - | - | 140.4% | - | - |
| FCF CAGR (5y) | - | - | - | -34.1% | - | - | - | -12.1% | - | - |
| Book value growth (YoY) | -7.0% | -9.1% | -9.8% | -7.8% | -5.4% | -5.8% | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-01.
Product / service
$246.60M totalNational Advertising Revenue$194.50M · 78.9%
Local Advertising Revenue$34.60M · 14.0%
Founding Member Advertising Revenue From Beverage Concessionaire Agreements$14.10M · 5.7%
Barter Transaction Revenue$3.40M · 1.4%
Peer comparison
Same SIC group: Services-Advertising
Comparing National CineMedia against the 5 most active filers in the same SIC group.
Dividends
$0.12/share trailing 12 months · +100.0% YoY
| Ex-date | Per share |
|---|---|
| May 22, 2026 | $0.0300 |
| Mar 9, 2026 | $0.0300 |
| Nov 10, 2025 | $0.0300 |
| Aug 15, 2025 | $0.0300 |
| May 16, 2025 | $0.0300 |
| Mar 24, 2025 | $0.0300 |
| Aug 19, 2022 | $0.3000 |
| May 20, 2022 | $0.3000 |
| Mar 16, 2022 | $0.5000 |
| Nov 19, 2021 | $0.5000 |
| Aug 20, 2021 | $0.5000 |
| May 20, 2021 | $0.5000 |
| Mar 19, 2021 | $0.5000 |
| Nov 13, 2020 | $0.7000 |
| Aug 14, 2020 | $0.7000 |
| May 15, 2020 | $0.7000 |
| Mar 2, 2020 | $1.9000 |
| Nov 13, 2019 | $1.7000 |
| Aug 14, 2019 | $1.7000 |
| May 15, 2019 | $1.7000 |
| Mar 4, 2019 | $1.7000 |
| Nov 14, 2018 | $1.7000 |
| Aug 15, 2018 | $1.7000 |
| May 17, 2018 | $1.7000 |