Natural Grocers by Vitamin Cottage, Inc.

Listed Company

NGVCCIK 0001547459NYSEAcceleratedRetail-Grocery StoresDelawareFY ends Sep 30

Period

FY 2025

Revenue

$1.33B

Net Income

$46.44M

Total Assets

$670.50M

Equity

$212.40M

Shares Out

23.04M

Op. Cash Flow

$55.30M

NGVC$32.62−18.18% · past yearDBEQ Basic

Daily closing prices

Business

Natural Grocers by Vitamin Cottage is a specialty grocery retailer selling natural and organic groceries, dietary supplements, body care and pet care products through company-operated stores. The company offers a curated assortment emphasizing USDA certified organic produce, humanely sourced meats and sustainable seafood. Natural Grocers differentiates through free in-store nutrition education via Nutritional Health Coaches, a smaller-store format designed for convenience, and a {N}power customer rewards program.

Summary from 10-K filed 2025-12-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	1,331	1,242	1,141	1,090	1,056
Cost of goods sold and occupancy costs	933	877	814	785	763
Gross profit	398	365	327	305	292
Store expenses	290	277	257	242	235
Administrative expenses	44	39	36	32	28
Pre-opening expenses	1	2	2	1	920,000
Operating income	62	47	32	30	28
Interest expense, net	−3	−4	−3	−2	−2
Income before income taxes	59	43	28	28	26
Provision for income taxes	−12	−9	−5	−6	−5
Net income	46	34	23	21	21
Basic (in dollars per share)	2.02	1.49	1.02	0.94	0.91
Diluted (in dollars per share)	2	1.47	1.02	0.94	0.91
Basic (in shares)	23	23	23	23	23
Diluted (in shares)	23	23	23	23	23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	17	9	18	12	24
Accounts receivable, net	12	13	11	10	8
Merchandise inventory	133	121	119	114	101
Prepaid expenses and other current assets	6	5	4	4	3
Total current assets	168	147	153	141	136
Property and equipment, net	183	179	169	157	151
Operating lease assets, net	260	275	288	307	316
Finance lease assets, net	43	41	45	44	39
Other assets	5	458,000	395,000	—	—
Goodwill and other intangible assets, net	12	13	14	14	12
Total other assets	320	330	348	—	—
Total assets	671	655	669	663	655
Accounts payable	81	88	81	71	69
Accrued expenses	37	36	33	27	27
Operating lease obligations, current portion	36	36	35	35	33
Finance lease obligations, current portion	4	4	4	3	3
Total current liabilities	159	164	154	138	134
Operating lease obligations, net of current portion	246	263	277	295	302
Finance lease obligations, net of current portion	46	43	47	45	39
Deferred income tax liabilities, net	8	10	14	16	15
Total long-term liabilities	299	317	344	370	379
Total liabilities	458	481	498	507	512
Commitments and Contingencies	—	—	—	—	—
Common stock, $0.001 par value. 50,000,000 shares authorized, 22,954,712 and 22,888,540 shares issued and outstanding at September 30, 2025 and 2024, respectively	23,000	23,000	23,000	23,000	23,000
Additional paid-in capital	63	60	59	58	57
Retained earnings	149	114	112	98	85
Total stockholders equity	212	174	171	156	143
Total liabilities and stockholders equity	671	655	669	663	655

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	32	31	29	28	30
Loss on impairment of long-lived assets and store closing costs	81,000	2	1	3	1
(Gain) loss on disposal of property and equipment	−34,000	10,000	379,000	78,000	209,000
Share-based compensation	4	3	1	1	877,000
Deferred income tax benefit	−3	−4	−1	609,000	864,000
Non-cash interest expense	4,000	17,000	19,000	22,000	24,000
Other	−7,000	160,000	0	0	—
Accounts receivable, net	−411,000	−2	315,000	−3	30,000
Income tax receivable	−604,000	252,000	378,000	−631,000	3
Merchandise inventory	−12	−1	−6	−13	−371,000
Prepaid expenses and other assets	−6	−1	−128,000	−1	−141,000
Operating lease assets	34	33	33	32	31
Operating lease liabilities	−34	−34	−34	−29	−32
Accounts payable	−6	10	10	447,000	−3
Accrued expenses	1	3	6	148,000	2
Net cash provided by operating activities	55	74	65	40	54
Acquisition of property and equipment	−31	−38	−37	−28	−26
Acquisition of other intangibles	−178,000	−1	−2	−3	−2
Proceeds from sale of property and equipment	93,000	37,000	107,000	21,000	89,000
Proceeds from property insurance settlements	315,000	43,000	36,000	280,000	443,000
Net cash used in investing activities	−31	−39	−38	−31	−28
Borrowings under revolving loans	666	604	531	129	66
Repayments under revolving loans	−666	−604	−531	−129	−66
Repayments under term loan	0	−8	−8	−8	−11
Finance lease obligation payments	−4	−4	−3	−3	−3
Dividends to shareholders	−11	−32	−9	−9	−51
Repurchase of common stock	0	0	−181,000	0	0
Payments of deferred financing costs	0	−18,000	0	0	—
Payments on withholding tax for restricted stock unit vesting	−1	−1	−304,000	−403,000	−340,000
Net cash used in financing activities	−16	−45	−20	−20	−31
Net increase (decrease) in cash and cash equivalents	8	−9	6	−12	−5
Cash paid for interest	1	2	1	627,000	370,000
Cash paid for interest on financing lease obligations, net of capitalized interest of $252, $338 and $318, respectively	2	2	2	2	2
Income taxes paid	16	14	5	7	7
Acquisition of property and equipment not yet paid	2	4	6	7	5
Acquisition of other intangibles not yet paid	10,000	22,000	3,000	12,000	319,000
Lease assets obtained in exchange for new operating lease obligations	18	22	15	24	9
Lease assets obtained in exchange for new finance lease obligations	7	−45,000	6	10	—

Filings

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Frequently asked questions

What is Natural Grocers by Vitamin Cottage, Inc.'s CIK number?

Natural Grocers by Vitamin Cottage, Inc.'s SEC CIK number is 0001547459 (1547459). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Natural Grocers by Vitamin Cottage, Inc.'s SEC filings?

All of Natural Grocers by Vitamin Cottage, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Natural Grocers by Vitamin Cottage, Inc. last report earnings?

Natural Grocers by Vitamin Cottage, Inc. (NGVC) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-015580). This is Natural Grocers by Vitamin Cottage, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Natural Grocers by Vitamin Cottage, Inc.'s most recent earnings 8-K?

Natural Grocers by Vitamin Cottage, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001437749-26-015580. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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