NRC HEALTH (NRC)
National Research Corporation (NRC) empowers healthcare organizations across the United States and Canada with data-driven analytics and actionable insights to enhance both patient and employee experiences. Through a comprehensive suite of subscription-based solutions, NRC supplies crucial information and analysis, addressing vital aspects such as the overall patient journey, service recovery initiatives, effective transitions of care, health risk assessments, fostering employee engagement, and enhancing reputation management and brand loyalty. Beyond these, NRC provides market intelligence to help organizations understand brand awareness, public perception, and competitive positioning. They offer advanced segmentation tools to analyze community needs, wants, and behaviors in real-time. Specialized health risk assessment tools are available to help clients pinpoint and support high-risk populations, fostering preventative care strategies and wellness initiatives. Similarly, transition management solutions assist in identifying and managing at-risk patients during care changes, aiming to reduce readmissions and ensure smooth, satisfactory transitions. NRC also offers transparency tools, empowering healthcare providers to present clear organizational information to consumers, thereby supporting informed decision-making. Furthermore, governance solutions are tailored for the leadership of non-profit hospitals and health systems, including boards of directors, executives, and physician leaders. Their clientele includes integrated health systems, post-acute care providers, and healthcare payer organizations. Established in 1981, National Research Corporation maintains its headquarters in Lincoln, Nebraska.
Sector: Services-Commercial Physical & Biological Research
Industry: Medical - Healthcare Information Services
NRC Health Common Stock
NASDAQ:NRCHealthcare · Medical - Healthcare Information Services
+1.31%$26.20
Prev close$25.86+1.24%Open$26.18+0.08%Now$26.20
Mkt Cap$556M
Float10.09M
O/S21.22M
VOL2K sh
$ Vol$47K
RVOL0.02×
Inst Own51.5%
SI7.2%
Div Yield2.44%
Dilution
Financials Summary
Revenue$137.39M
Net Income$11.6M
Total Assets$134.88M
Free Cash Flow$15.74M
Debt & Equity
Debt 85%
Equity 15%
Total Debt$79.03M
Total Equity$13.99M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NRC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$134.88M
Liabilities$120.89M
Accounts Receivable$11.64M
Accounts Payable$4.07M
Inventory$0
PP&E (Net)$40.47M
Goodwill$66.15M
Intangible Assets$2.23M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 |
| Revenue | $137.39M | $143.06M | $148.58M | $151.57M | $147.95M | $133.28M | $127.98M | $119.69M | $117.56M | $109.38M | $102.34M | $98.84M | $92.59M | $86.42M | $75.77M | $63.4M | $57.69M | $51.01M | $48.92M | $43.77M | $32.44M | $29.68M | $26.92M | $22.39M | $17.67M | $18.32M | $18.2M | $17.7M | $16.3M | $12.6M | $8.92M | $6.75M | $2.81M |
| YoY Growth | -4.0% | -3.7% | -2.0% | 2.4% | 11.0% | 4.1% | 6.9% | 1.8% | 7.5% | 6.9% | 3.5% | 6.7% | 7.1% | 14.1% | 19.5% | 9.9% | 13.1% | 4.3% | 11.8% | 34.9% | 9.3% | 10.3% | 20.3% | 26.7% | -3.5% | 0.6% | 2.8% | 8.6% | 29.4% | 41.3% | 32.0% | 140.3% | - |
| Cost of Revenue | $59.99M | $56.93M | $56.02M | $57.05M | $52.35M | $49.19M | $46.44M | $47.58M | $49.07M | $45.58M | $44.61M | $41.72M | $38.84M | $35.46M | $28.67M | $24.64M | $24.57M | $23.61M | $21.8M | $19.45M | $13.64M | $12.87M | $12.03M | $9.56M | $8.06M | $9.12M | $11.1M | $9.4M | $7.2M | $5.7M | $3.5M | $2.97M | $1.08M |
| Gross Profit | $77.39M | $86.13M | $92.56M | $94.52M | $95.6M | $84.09M | $81.55M | $72.11M | $68.49M | $63.81M | $57.73M | $57.12M | $53.75M | $50.96M | $47.1M | $38.76M | $33.12M | $27.4M | $27.12M | $24.33M | $18.79M | $16.81M | $14.89M | $12.83M | $9.61M | $9.2M | $7.1M | $8.3M | $9.1M | $6.9M | $5.42M | $3.79M | $1.73M |
| Gross Margin | 56.3% | 60.2% | 62.3% | 62.4% | 64.6% | 63.1% | 63.7% | 60.2% | 58.3% | 58.3% | 56.4% | 57.8% | 58.0% | 59.0% | 62.2% | 61.1% | 57.4% | 53.7% | 55.4% | 55.6% | 57.9% | 56.6% | 55.3% | 57.3% | 54.4% | 50.2% | 39.0% | 46.9% | 55.8% | 54.8% | 60.8% | 56.1% | 61.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $54.8M | $44.91M | $46.58M | $42.7M | $38.96M | $34.44M | $32.97M | $31.37M | $29.69M | $28.39M | $27.18M | $25.02M | $25.21M | $23.54M | $23.3M | $20.2M | $15.59M | $12.73M | $13.17M | $12.16M | $8.62M | $7.39M | $5.99M | $4.74M | $4.99M | $4.6M | $4.2M | $4.8M | $4M | $3.1M | $2.36M | $2.04M | $1.17M |
| Other | $0 | $6.02M | $5.94M | $5.28M | $6.37M | $7.03M | $5.54M | $885K | $50K | $302K | $1.07M | $18K | $16K | -$3K | $5.07M | $4.7M | $3.83M | $2.69M | $2.58M | $2.26M | $1.76M | $2.02M | $1.94M | $1.67M | $1.92M | $1.27M | $800K | $400K | $200K | $200K | $119K | $86K | $50K |
| Total Operating Expenses | $54.8M | $50.93M | $52.52M | $47.98M | $45.33M | $41.41M | $38.51M | $36.83M | $34.27M | $32.61M | $31.29M | $28.82M | $28.94M | $28.24M | $28.36M | $24.91M | $19.42M | $15.41M | $15.76M | $14.42M | $10.38M | $9.41M | $7.93M | $6.41M | $6.9M | $5.87M | $5M | $5.2M | $4.2M | $3.3M | $2.48M | $2.13M | $1.22M |
| Operating Income (EBIT) | $22.59M | $35.19M | $40.05M | $46.54M | $50.27M | $42.68M | $43.03M | $35.27M | $34.22M | $31.2M | $26.45M | $28.3M | $24.81M | $22.72M | $18.73M | $13.86M | $13.7M | $11.99M | $11.37M | $9.91M | $8.41M | $7.4M | $6.96M | $6.42M | $2.71M | $3.32M | $2.1M | $3.1M | $4.9M | $3.6M | $2.94M | $1.66M | $511K |
| Operating Margin | 16.4% | 24.6% | 27.0% | 30.7% | 34.0% | 32.0% | 33.6% | 29.5% | 29.1% | 28.5% | 25.8% | 28.6% | 26.8% | 26.3% | 24.7% | 21.9% | 23.7% | 23.5% | 23.2% | 22.6% | 25.9% | 24.9% | 25.9% | 28.7% | 15.3% | 18.2% | 11.5% | 17.5% | 30.1% | 28.6% | 33.0% | 24.5% | 18.2% |
| Interest Expense | $4.76M | $2.6M | $862K | $1.21M | $1.67M | $1.81M | $2.09M | $1.51M | $82K | $190K | $220K | $305K | $397K | $541K | $629K | $491K | $405K | $139K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $111K | $125K | $820K | $168K | $14K | $18K | $37K | $62K | $96K | $47K | $60K | $83K | $63K | $32K | $13K | $6K | $2K | $42K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$4.75M | -$2.5M | -$83K | -$3.73M | -$1.65M | -$1.21M | -$2.52M | -$566K | $64K | $159K | $913K | -$204K | -$318K | -$512K | -$575K | -$542K | -$580K | -$6K | -$248K | -$402K | $99K | -$119K | -$49K | -$258K | -$89K | $532K | $100K | -$2.3M | -$1.3M | $200K | $108K | $46K | $12K |
| Income Before Tax (EBT) | $17.84M | $32.69M | $39.96M | $42.81M | $48.62M | $41.47M | $40.52M | $34.71M | $34.28M | $31.36M | $27.36M | $28.09M | $24.49M | $22.21M | $18.16M | $13.31M | $13.12M | $11.98M | $11.12M | $9.51M | $8.51M | $7.28M | $6.92M | $6.16M | $2.62M | $3.86M | $2.2M | $800K | $3.6M | $3.8M | $3.05M | $1.7M | $523K |
| Income Tax Expense | $6.24M | $7.91M | $8.99M | $11.02M | $11.15M | $4.21M | $8.11M | $4.66M | $11.34M | $10.84M | $9.75M | $9.94M | $9M | $7.14M | $6.6M | $4.82M | $4.63M | $4.54M | $4.28M | $3.62M | $3.28M | $2.73M | $2.53M | $2.31M | $954K | $1.14M | $700K | $300K | $400K | $1.5M | $0 | $114K | $9K |
| Net Income | $11.6M | $24.78M | $30.97M | $31.8M | $37.47M | $37.26M | $32.41M | $30.05M | $22.94M | $20.52M | $17.61M | $18.16M | $15.48M | $15.07M | $11.56M | $8.5M | $8.49M | $7.45M | $6.84M | $5.88M | $5.24M | $4.55M | $4.38M | $3.85M | $1.67M | $2.72M | $1.5M | $500K | $3.2M | $2.3M | $3.05M | $1.59M | $514K |
| Net Income Margin | 8.4% | 17.3% | 20.8% | 21.0% | 25.3% | 28.0% | 25.3% | 25.1% | 19.5% | 18.8% | 17.2% | 18.4% | 16.7% | 17.4% | 15.3% | 13.4% | 14.7% | 14.6% | 14.0% | 13.4% | 16.1% | 15.3% | 16.3% | 17.2% | 9.5% | 14.8% | 8.2% | 2.8% | 19.6% | 18.3% | 34.2% | 23.5% | 18.3% |
| Supplementary Data | |||||||||||||||||||||||||||||||||
| EPS | 0.52 | 1.05 | 1.26 | 1.28 | 1.47 | 1.48 | 1.30 | 1.11 | 0.54 | 0.49 | 0.42 | 0.44 | 0.37 | 2.22 | 1.73 | 1.28 | 1.28 | 1.11 | 1.00 | 0.86 | 0.74 | 0.63 | 0.60 | 0.54 | 0.24 | 0.39 | 0.21 | 0.06 | 0.37 | 0.37 | 0.51 | 0.27 | 0.09 |
| Diluted EPS | 0.52 | 1.04 | 1.25 | 1.27 | 1.46 | 1.45 | 1.26 | 1.07 | 0.52 | 0.48 | 0.41 | 0.43 | 0.37 | 2.17 | 1.69 | 1.26 | 1.26 | 1.09 | 0.98 | 0.85 | 0.74 | 0.63 | 0.60 | 0.54 | 0.24 | 0.39 | 0.21 | 0.06 | 0.37 | 0.37 | 0.51 | 0.27 | 0.09 |
| Weighted Average OS | 22.38M | 23.72M | 24.54M | 24.92M | 25.42M | 25.17M | 24.81M | 27.09M | 24.28M | 24.22M | 24.22M | 24.24M | 24.12M | 6.78M | 6.67M | 6.64M | 6.64M | 6.68M | 6.84M | 6.84M | 7.08M | 7.22M | 7.31M | 7.13M | 6.96M | 6.97M | 7.14M | 8.33M | 8.65M | 6.22M | 6.00M | 6.00M | 6.00M |
| EBITDA | $30.23M | $41.31M | $45.98M | $49.3M | $56.66M | $50.78M | $48.57M | $41.69M | $38.95M | $35.77M | $31.69M | $32.2M | $28.62M | $27.45M | $23.85M | $18.51M | $17.35M | $14.81M | $13.95M | $12.17M | $10.18M | $9.42M | $8.91M | $8.09M | $4.63M | $4.59M | $2.9M | $3.5M | $5.1M | $3.8M | $3.06M | $1.74M | $561K |
| EBITDA Margin | 22.0% | 28.9% | 30.9% | 32.5% | 38.3% | 38.1% | 38.0% | 34.8% | 33.1% | 32.7% | 31.0% | 32.6% | 30.9% | 31.8% | 31.5% | 29.2% | 30.1% | 29.0% | 28.5% | 27.8% | 31.4% | 31.7% | 33.1% | 36.2% | 26.2% | 25.1% | 15.9% | 19.8% | 31.3% | 30.2% | 34.3% | 25.8% | 20.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 |
| Assets | |||||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $4.14M | $4.23M | $6.65M | $25.03M | $54.36M | $34.69M | $13.52M | $12.99M | $34.73M | $33.02M | $42.15M | $40.04M | $22.09M | $8.29M | $8.08M | $3.52M | $2.51M | $1.11M | $3.36M | $876K | $844K | $3.65M | $3.44M | $991K | $1.08M | $3.22M | $1.1M | $4.9M | $4.7M | $2.8M | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $99K | $1.11M | $9.45M | $15.35M | $12.77M | $9.99M | $6.64M | $6.58M | $10.9M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.14M | $4.23M | $6.65M | $25.03M | $54.36M | $34.69M | $13.52M | $12.99M | $34.73M | $33.02M | $42.15M | $40.04M | $22.09M | $8.29M | $8.08M | $3.52M | $2.51M | $1.11M | $3.45M | $1.99M | $10.3M | $19M | $16.21M | $10.98M | $7.72M | $9.8M | $12M | $4.9M | $4.7M | $2.8M | $0 | $0 | $0 |
| Accounts Receivable | $11.64M | $11.2M | $12.62M | $15.3M | $14.58M | $15.47M | $11.81M | $11.97M | $15.18M | $12.42M | $11.4M | $10.38M | $12.68M | $13.21M | $12.1M | $11.56M | $7.19M | $6.53M | $8.03M | $9.9M | $6.68M | $3.39M | $5.48M | $4.58M | $2.14M | $2.96M | $3.5M | $4M | $3.1M | $1.5M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.24M | $851K | $458K | $497K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $520K | $692K | $856K | $1.01M | $883K | $1.31M | $1.79M | $519K | $410K | $49K | $191K | $2.44M | $482K | $1.05M | $1.19M | $3.3M | $2.07M | $1.5M | $49K | $48K | $310K | $2.12M | $1.22M | $2.12M | $2.15M | $493K | $300K | $8.4M | $14.1M | $1.5M | $0 | $0 | $0 |
| Total Current Assets | $20.21M | $19.6M | $24.36M | $43.72M | $73.71M | $54.11M | $29.16M | $28.06M | $52.26M | $47.06M | $56.11M | $53.19M | $36.47M | $23.82M | $22.14M | $17.34M | $11.66M | $10.42M | $12.6M | $13M | $18.22M | $25.45M | $23.52M | $17.95M | $12.29M | $13.25M | $15.8M | $17.3M | $21.9M | $5.8M | $0 | $0 | $0 |
| Long-Term Assets | |||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $40.47M | $39.9M | $30.27M | $17.8M | $13.37M | $13.03M | $15.16M | $14.15M | $12.36M | $11.81M | $11.13M | $12.14M | $11.9M | $12.49M | $13.61M | $14.48M | $13.97M | $13.65M | $11.97M | $11.72M | $11.89M | $12.36M | $12.19M | $12.35M | $12.91M | $13.22M | $7.5M | $2.3M | $500K | $300K | $0 | $0 | $0 |
| Goodwill | $66.15M | $66.15M | $61.61M | $61.61M | $61.61M | $57.26M | $57.94M | $57.83M | $58.02M | $57.86M | $57.79M | $58.49M | $57.59M | $57.8M | $57.73M | $55.13M | $39.92M | $39.28M | $31.05M | $30.01M | $11.48M | $9.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.23M | $2.62M | $1.47M | $1.61M | $1.79M | $1.41M | $1.73M | $2.1M | $2.76M | $3.12M | $3.78M | $5.46M | $4.84M | $5.79M | $7.07M | $8.64M | $6.88M | $8.06M | $5.62M | $6.47M | $3.04M | $838K | $9.94M | $8.5M | $8.54M | $5.06M | $5.4M | $6.2M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $1.3M | $0 | $0 | $0 | $0 | $0 | -$6.28M | $0 | -$4.86M | -$1.05M | $0 | $0 | $0 | $0 | -$64.68M | -$46.91M | -$162.75M | $0 | -$48.41M | -$125.77M | -$295.29M | -$231.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $14K | $14K | $0 | $0 | $6.28M | $0 | $4.86M | $1.05M | $0 | $0 | $0 | $0 | $911K | $98K | $115.42M | $590K | $48.41M | $125.77M | $295.29M | $231.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $5.82M | $2.98M | $4.73M | $5.7M | $7.05M | $7.61M | $6.71M | $7.64M | $4.68M | $3.89M | $4.07M | $5.69M | $5.03M | $5.94M | $7.2M | $63.79M | $46.86M | $46.58M | $37K | $331K | $39K | $18K | $23K | $42K | $34K | $111K | $600K | $500K | $200K | $100K | $0 | $0 | $0 |
| Total Long-Term Assets | $114.67M | $112.94M | $98.08M | $86.75M | $83.83M | $79.31M | $81.53M | $79.62M | $75.06M | $73.56M | $72.99M | $76.32M | $74.52M | $76.23M | $78.54M | $78.28M | $60.84M | $60.23M | $49.27M | $48.54M | $26.46M | $22.5M | $22.15M | $20.88M | $21.48M | $18.39M | $13.5M | $9M | $700K | $400K | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5M | $3.54M | $1.37M |
| Total Assets | $134.88M | $132.54M | $122.44M | $130.46M | $157.54M | $133.42M | $110.69M | $107.68M | $127.32M | $120.62M | $129.1M | $129.51M | $111M | $100.05M | $100.68M | $95.62M | $72.5M | $70.65M | $61.87M | $61.53M | $44.67M | $47.95M | $45.67M | $38.83M | $33.77M | $31.64M | $29.3M | $26.3M | $22.6M | $6.2M | $5M | $3.54M | $1.37M |
| Liabilities | |||||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||||
| Accounts Payable | $4.07M | $1.19M | $1.3M | $1.15M | $1.94M | $1.09M | $1.28M | $613K | $593K | $765K | $614K | $830K | $654K | $291K | $783K | $956K | $598K | $863K | $11.03M | $9.42M | $1.07M | $430K | $548K | $566K | $1.39M | $1.77M | $1.7M | $700K | $600K | $500K | $0 | $0 | $0 |
| Short-Term Debt | $4.01M | $4.79M | $7.82M | $5.32M | $5.24M | $5.01M | $5.13M | $3.67M | $1.07M | $2.68M | $2.4M | $2.33M | $2.26M | $12.44M | $1.86M | $1.83M | $0 | $4.58M | $1.09M | $3.11M | $1.47M | $156K | $142K | $132K | $132K | $135K | $3.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $353K | $222K | $0 | $0 | $0 | $366K | $288K | $0 | $662K | $701K | $110K | $0 | $0 | $145K | $1.28M | $803K | $573.68M | $272.22M | $898.26M | $183.97M | $632.03M | $243.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $16.2M | $15.79M | $14.83M | $15.2M | $17.21M | $15.59M | $16.35M | $16.24M | $16.88M | $15.5M | $14.84M | $15.1M | $13.88M | $15.81M | $16.5M | $17.7M | $11.91M | $12.93M | $0 | $0 | $5.43M | $4.04M | $4.44M | $3.28M | $859K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $5.12M | $541K | $8.08M | $7.19M | $8.85M | $3.53M | $8.94M | $39.89M | $14.21M | $15.89M | $0 | $10.09M | $4.74M | $0 | $0 | $0 | $1.66M | $0 | $0 | $0 | $0 | $0 | $456K | $56K | $2.65M | $3M | $5.3M | $7.6M | $3.6M | $3.3M | $0 | $0 | $0 |
| Total Current Liabilities | $36.62M | $35.86M | $36.2M | $33.42M | $40.39M | $31.68M | $38.16M | $46.76M | $32.31M | $31.51M | $44.17M | $27.93M | $23.69M | $35.3M | $24.4M | $26M | $16.09M | $21.09M | $14.98M | $14.48M | $10.16M | $6.02M | $6.7M | $5.03M | $5.03M | $4.91M | $10.6M | $8.3M | $4.2M | $3.8M | $0 | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||||
| Long-Term Debt | $75.02M | $57.9M | $29.47M | $17.69M | $22.27M | $26.55M | $29.8M | $34.18M | $0 | $857K | $3.34M | $5.74M | $8.07M | $0 | $12.63M | $14.33M | $6.9M | $0 | $1.9M | $7.98M | $0 | $4.75M | $4.9M | $5.04M | $5.17M | $5.3M | $0 | $100K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $216K | $0 | $0 | $0 | $0 | $0 | -$40.45M | $0 | -$5.72M | $4K | $123K | $243K | $254K | $185K | $184K | $204K | -$8.37B | -$1.9B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $5.98M | $3.53M | $4.14M | $5.27M | $7M | $7.26M | $7.4M | $6.28M | $4.03M | $4.86M | $6.79M | $7.43M | $7.13M | $7.53M | $7.59M | $6.19M | $5.13M | $4.08M | $2.7M | $2.27M | $1.92M | $1.83M | $1.18M | $0 | $217K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $3.26M | $2.59M | $2M | $1.67M | $1.38M | $1.94M | $746K | $1.39M | $935K | $5.45M | $571K | $541K | $0 | $0 | $0 | $326K | -$60K | $6.88M | $0 | $52K | -$95 | $344K | $252K | $740K | $0 | $51K | $100K | $500K | $300K | $300K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $84.27M | $65.4M | $37.28M | $25.01M | $31.82M | $37.43M | $39.64M | $41.84M | $4.96M | $6.3M | $10.71M | $13.84M | $15.55M | $8.01M | $20.72M | $21.04M | $12.23M | $10.96M | $4.6M | $10.3M | $1.92M | $6.92M | $6.54M | $5.78M | $5.39M | $5.35M | $100K | $600K | $300K | $300K | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.17M | $1.92M | $1.08M |
| Total Liabilities | $120.89M | $101.25M | $73.48M | $58.43M | $72.2M | $69.11M | $77.79M | $88.6M | $37.27M | $37.82M | $54.88M | $41.76M | $39.24M | $43.3M | $45.12M | $47.03M | $28.33M | $32.05M | $19.58M | $24.78M | $12.08M | $12.94M | $13.25M | $10.81M | $10.42M | $10.26M | $10.7M | $8.9M | $4.5M | $4.1M | $3.17M | $1.92M | $1.08M |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $93K | $0 | $0 | $0 | $68K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $32K | $31K | $31K | $31K | $31K | $31K | $30K | $30K | $30K | $30K | $30K | $29K | $29K | $8K | $8K | $8K | $8K | $8K | $8K | $8K | $8K | $8K | $8K | $8K | $7K | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$17.3M | -$17.06M | -$30.53M | -$25.18M | -$36.11M | -$61.38M | -$93.36M | -$106.34M | $77.57M | $71.51M | $65.31M | $73.69M | $58.04M | $44.7M | $46.99M | $41.34M | $37.91M | $33.68M | $30M | $26.49M | $23.36M | $20.38M | $15.83M | $11.45M | $7.6M | $5.93M | $3.2M | $1.7M | $1.3M | $2.1M | $0 | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$2.38M | -$2.4M | -$2.21M | -$2.92M | -$1.64M | -$2.63M | -$3M | -$773K | $302K | $1.12M | $907K | $1.11M | $769K | -$6K | $932K | $359K | -$132K | $38K | -$421K | $35K | -$4K | -$14K | -$1.2M | -$800K | -$500K | -$400K | $0 | $0 | $0 |
| Other Stockholders' Equity | $31.26M | $48.32M | $79.45M | $97.19M | $121.42M | $125.66M | $126.22M | $125.39M | $12.44M | $11.27M | $8.88M | $14.03M | $13.68M | $12.03M | $8.55M | $7.23M | $6.26M | $4.91M | $12.27M | $10.25M | $9.22M | $14.63M | $16.59M | $16.56M | $15.75M | $15.45M | $15.4M | $15.7M | $16.8M | $0 | $1.83M | $1.62M | $290K |
| Total Equity | $13.99M | $31.28M | $48.95M | $72.03M | $85.34M | $64.31M | $32.89M | $19.08M | $90.04M | $82.81M | $74.22M | $87.75M | $71.75M | $56.74M | $55.55M | $48.58M | $44.17M | $38.6M | $42.29M | $36.75M | $32.59M | $35.02M | $32.42M | $28.02M | $23.35M | $21.38M | $18.6M | $17.4M | $18.1M | $2.1M | $1.83M | $1.62M | $290K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $134.88M | $132.54M | $122.44M | $130.46M | $157.54M | $133.42M | $110.69M | $107.68M | $127.32M | $120.62M | $129.1M | $129.51M | $111M | $100.05M | $100.68M | $95.62M | $72.5M | $70.65M | $61.87M | $61.53M | $44.67M | $47.95M | $45.67M | $38.83M | $33.77M | $31.64M | $29.3M | $26.3M | $22.6M | $6.2M | $5M | $3.54M | $1.37M |
| Supplementary Data | |||||||||||||||||||||||||||||||||
| Total Debt | $79.03M | $64.41M | $38.96M | $23.39M | $28.68M | $33.24M | $36.62M | $3.67M | $1.07M | $2.68M | $2.4M | $2.33M | $2.26M | $12.76M | $14.91M | $1.83M | $816K | $4.58M | $2.99M | $11.09M | $1.47M | $4.9M | $5.04M | $5.18M | $5.3M | $5.43M | $3.6M | $100K | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $74.9M | $60.18M | $32.3M | -$1.64M | -$25.68M | -$1.45M | $23.11M | -$9.32M | -$33.67M | -$30.34M | -$39.74M | -$37.71M | -$19.84M | $4.48M | $6.83M | -$1.69M | -$1.7M | $3.47M | -$362K | $10.22M | $627K | $1.25M | $1.6M | $4.18M | $4.22M | $2.21M | $2.5M | -$4.8M | -$4.7M | -$2.8M | $0 | $0 | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | $11.6M | $24.78M | $30.97M | $31.8M | $37.47M | $37.26M | $32.41M | $30.05M | $22.94M | $20.52M | $17.61M | $18.16M | $15.48M | $15.07M | $11.56M | $8.5M | $8.49M | $7.44M | $6.84M | $5.88M | $5.24M | $4.55M | $4.38M | $3.85M | $1.67M | $2.72M | $1.5M | $500K | $3.2M | $2.3M |
| Depreciation & Amortization | $7.62M | $6.02M | $5.9M | $5.28M | $6.37M | $7.5M | $5.54M | $5.46M | $4.59M | $4.22M | $4.11M | $3.8M | $3.73M | $4.7M | $5.07M | $4.7M | $3.83M | $2.69M | $2.58M | $2.26M | $1.76M | $2.02M | $1.94M | $1.67M | $1.92M | $1.27M | $800K | $400K | $200K | $200K |
| Deferred Income Tax | $2.45M | -$406K | -$717K | -$1.24M | $33K | $51K | $1.14M | $1.19M | -$684K | $865K | -$1.36M | $107K | $16K | -$421K | $1.36M | $614K | $1.73M | $430K | $117K | $99K | $264K | $615K | $331K | $529K | $306K | $356K | $0 | $0 | -$300K | $0 |
| Stock-Based Compensation | $3.31M | $284K | $935K | $1.2M | $623K | $680K | $1.22M | $1.51M | $1.84M | $1.93M | $1.38M | $742K | $955K | $388K | $763K | $779K | $619K | $1.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | -$53K | $1.76M | $2.08M | -$733K | $343K | -$2.27M | $311K | $2.77M | -$2.46M | -$1.04M | -$1.78M | $2.91M | $970K | -$879K | -$2.06M | -$2.49M | $1.4M | $636K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.4M | $1.32M | -$188K | $572K | -$303K | -$264K | $1.13M | $2.92M | $1.62M | -$1.23M | $13.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $170K | -$108K | $184K | -$589K | $4K | -$247K | $647K | -$39K | $12K | -$15K | -$224K | $163K | $331K | -$516K | $52K | -$1.39M | -$278K | -$408K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $799K | $2.19M | -$1.24M | -$2.03M | $1.49M | -$2.09M | -$342K | $121K | $328K | $748K | $1.9M | $337K | -$2.02M | -$940K | -$1.18M | $2.24M | -$897K | -$10.65M | $3.91M | -$2.56M | $730K | $289K | $1.44M | -$1.94M | -$866K | -$2.38M | $1.1M | $600K | -$1.6M | $2.3M |
| Total Working Capital Change | $916K | $3.84M | $1.02M | -$3.35M | $1.84M | -$4.61M | $616K | $1.45M | -$806K | -$499K | $472K | $3.11M | -$979K | -$1.21M | -$273K | -$27K | -$1.01M | $3.44M | $3.91M | -$2.56M | $730K | $289K | $1.44M | -$1.94M | -$866K | -$2.38M | $1.1M | $600K | -$1.6M | $2.3M |
| Other Non-Cash Items | $545K | $100K | -$102K | $2.58M | $7K | -$248K | -$6K | $186K | $207K | -$195K | -$327K | $277K | $107K | $605K | -$1K | $34K | $1K | $155K | $1.12M | $1.09M | -$1K | $345K | $1K | $175K | $23K | $33K | $100K | $2.5M | $0 | $1.5M |
| Net Cash from Operating | $26.45M | $34.63M | $38.11M | $36.27M | $46.34M | $40.64M | $40.92M | $39.85M | $28.09M | $26.84M | $21.89M | $26.2M | $19.32M | $19.13M | $18.48M | $14.6M | $13.67M | $15.18M | $14.57M | $6.81M | $8.19M | $7.82M | $8.27M | $4.28M | $3.08M | $2.02M | $3.5M | $4M | $1.5M | $6.3M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$10.71M | -$15.45M | -$15.78M | -$9.84M | -$5.51M | -$3.98M | -$4.66M | -$5.97M | -$4.82M | -$3.97M | -$2.94M | -$2.49M | -$2.19M | -$2.35M | -$2.81M | -$1.54M | -$2.91M | -$2.81M | -$1.96M | -$1.45M | -$1.09M | -$2.07M | -$1.68M | -$1.53M | -$1.54M | -$6.19M | -$4.9M | -$7.8M | -$300K | -$300K |
| Acquisitions | $0 | -$4.83M | $0 | $0 | -$3M | $0 | $0 | $0 | $0 | $223K | $1.61M | -$2.57M | $0 | $0 | -$4.12M | -$15.44M | -$93K | -$12.55M | $0 | -$20.62M | -$4.46M | $0 | -$997K | -$23K | -$3.76M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.3M | $0 | $0 | -$657K | $0 | $0 | $0 | $0 | $0 | $0 | -$2.99M | -$1.38M | -$19.45M | -$9.21M | -$14.06M | -$10.8M | -$13.4M | -$13.22M | -$13.3M | -$11.6M | -$13.6M | -$4.2M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.72M | $0 | $0 | $0 | $0 | $0 | $99K | $4.01M | $9.78M | $25.35M | $6.54M | $11.2M | $7.51M | $13.35M | $17.5M | $10.5M | $16.8M | $1.8M | $3.3M |
| Other Investing Activities | $0 | $0 | $1K | $0 | $0 | $260K | $0 | -$5.97M | -$1.55M | $223K | $1.61M | -$5.72M | -$2.19M | $0 | -$6.93M | -$16.98M | $0 | $0 | $200 | $50 | $2K | $5K | $3K | $1K | $698 | $28K | -$100K | $0 | $0 | $0 |
| Net Cash from Investing | -$10.71M | -$20.28M | -$15.78M | -$9.84M | -$8.51M | -$3.72M | -$4.66M | -$5.97M | -$6.12M | -$3.75M | -$1.33M | -$5.72M | -$2.19M | -$2.35M | -$6.93M | -$16.98M | -$3M | -$15.26M | -$939K | -$13.67M | $354K | -$4.74M | -$5.54M | -$4.85M | -$5.35M | -$1.89M | -$7.8M | -$2.6M | -$12.1M | -$1.2M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | -$16.11M | -$25.99M | -$14.18M | $4.77M | $4.59M | $3.9M | $3.94M | -$36.77M | $2.58M | $2.29M | $2.5M | $2.41M | $2.22M | $2.16M | $1.8M | -$8.46M | $5.24M | $8.95M | $8.1M | -$9.62M | $3.43M | $143K | $132K | $126K | $128K | -$1.82M | -$3.5M | - | - | - |
| Common Stock Issuance | $132K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $338K | $926K | $254K | $333K | $201K | $692K | $261K | $125K | $0 | $0 | $16.8M | $0 |
| Common Stock Repurchases | -$20.18M | -$30.95M | -$19.1M | -$27.62M | -$4.14M | $0 | $0 | -$72.37M | -$1.67M | -$204K | -$1.76M | -$348K | -$55K | -$527K | -$146K | -$463K | -$84K | -$9.01M | -$241K | -$1.24M | -$5.93M | -$2.89M | -$274K | -$93K | $0 | -$12K | -$300K | -$1.1M | $0 | $0 |
| Dividends Paid | -$10.98M | -$11.45M | -$36.37M | -$20.96M | -$9.16M | -$10.52M | -$31.3M | -$16.86M | -$16.87M | -$28.55M | -$10.05M | $0 | -$2.14M | -$17.36M | -$5.91M | -$5.06M | -$4.26M | -$3.77M | -$3.32M | -$2.76M | -$2.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.4M | -$3.3M |
| Other Financing Activities | -$923K | -$359K | $576K | -$2.04M | -$275K | -$1.09M | -$1.1M | -$2.04M | $0 | -$1.45M | -$2.55M | $1.03M | $1.59M | $2.08M | $975K | $320K | $17K | $680K | $80K | $342K | -$2.26M | -$143K | $0 | $0 | $0 | $0 | -$2.7M | -$100K | $100K | $0 |
| Net Cash from Financing | -$15.84M | -$16.76M | -$40.71M | -$55.58M | -$18.16M | -$15.5M | -$36.35M | -$54.5M | -$21.12M | -$32.5M | -$16.87M | -$1.73M | -$2.82M | -$16.69M | -$6.89M | $3.25M | -$9.55M | -$1.75M | -$11.25M | $6.9M | -$11.37M | -$2.84M | -$205K | $473K | $133K | $1.93M | $500K | -$1.2M | $12.5M | -$3.3M |
| Forex Effect | $0 | $0 | -$1K | -$182K | $3K | -$236K | $611K | -$1.12M | $855K | $285K | -$1.59M | -$794K | -$497K | $107K | -$105K | $130K | $287K | -$403K | $98K | -$9K | $21K | -$35K | -$70K | $0 | $0 | $0 | $0 | -$1.4M | $10.6M | -$5.1M |
| Net Change in Cash | -$94K | -$2.42M | -$18.37M | -$29.34M | $19.67M | $21.17M | $526K | -$21.74M | $1.71M | -$9.12M | $2.1M | $17.95M | $13.81M | $204K | $4.56M | $1.01M | $1.4M | -$2.25M | $2.48M | $32K | -$2.8M | $207K | $2.45M | -$89K | -$2.14M | $2.07M | -$3.8M | -$1.2M | $12.5M | -$3.3M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | $26.45M | $34.63M | $38.11M | $36.27M | $46.34M | $40.64M | $40.92M | $39.85M | $28.09M | $26.84M | $21.89M | $26.2M | $19.32M | $19.13M | $18.48M | $14.6M | $13.67M | $15.18M | $14.57M | $6.81M | $8.19M | $7.82M | $8.27M | $4.28M | $3.08M | $2.02M | $3.5M | $4M | $1.5M | $6.3M |
| Capital Expenditure | -$10.71M | -$15.45M | -$15.78M | -$9.84M | -$5.51M | -$3.98M | -$4.66M | -$5.97M | -$4.82M | -$3.97M | -$2.94M | -$2.49M | -$2.19M | -$2.35M | -$2.81M | -$1.54M | -$2.91M | -$2.81M | -$1.96M | -$1.45M | -$1.09M | -$2.07M | -$1.68M | -$1.53M | -$1.54M | -$6.19M | -$4.9M | -$7.8M | -$300K | -$300K |
| Free Cash Flow | $15.74M | $19.18M | $22.33M | $26.43M | $40.83M | $36.65M | $36.26M | $33.88M | $23.27M | $22.87M | $18.95M | $23.7M | $17.13M | $16.78M | $15.67M | $13.06M | $10.76M | $12.36M | $12.61M | $5.36M | $7.1M | $5.75M | $6.58M | $2.75M | $1.54M | -$4.17M | -$1.4M | -$3.8M | $1.2M | $6M |
| Cash at Beginning | $4.23M | $6.65M | $25.03M | $54.36M | $34.69M | $13.52M | $12.99M | $34.73M | $33.02M | $42.15M | $40.04M | $22.09M | $8.29M | $8.08M | $3.52M | $2.51M | $1.11M | $3.36M | $876K | $844K | $3.65M | $3.44M | $991K | $1.08M | $3.22M | $1.15M | $4.9M | $4.7M | $2.8M | $900K |
| Cash at End | $4.14M | $4.23M | $6.65M | $25.03M | $54.36M | $34.69M | $13.52M | $12.99M | $34.73M | $33.02M | $42.15M | $40.04M | $22.09M | $8.29M | $8.08M | $3.52M | $2.51M | $1.11M | $3.36M | $876K | $844K | $3.65M | $3.44M | $991K | $1.08M | $3.22M | $1.1M | $3.5M | $15.3M | -$2.4M |