National CineMedia, Inc. (NCMI) Financial Statements
Industry: Advertising (Services)
In fiscal 2025, National CineMedia reported revenue of $243.2M, up 1.0% from $240.8M the year before. Net income was -$10.6M (a -4.4% net margin), or -$0.11 per diluted share. Gross margin was 94.7% and operating margin was -5.7%. Operating activities generated $8.4M of cash, leaving $2.8M of free cash flow. At fiscal year end, National CineMedia held $490.6M in total assets against $115.2M in total liabilities, including $34.6M of cash and equivalents.
Open the full interactive National CineMedia financials → Quarterly statements, key ratios, valuation history and price charts.
National CineMedia Key Stats
| Share Price | $2.21 |
|---|---|
| Market Cap | $207.1M |
| Revenue YoY Growth | +1.0% |
| 52-Week Range | $2.11 – $4.33 |
| Shares Outstanding | 93.7 million (basic, 2026 Q2) |
National CineMedia Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $90.4M | $114.6M | $249.2M | $165.2M | $240.8M | $243.2M |
| Cost of Goods Sold | $151.4M | $183.2M | $242.3M | $192.5M | $13.7M | $13.0M |
| Gross Profit | -$61.0M | -$68.6M | $6.9M | -$27.3M | $227.1M | $230.2M |
| Operating Income | -$61.0M | -$68.6M | $6.9M | -$27.3M | -$19.5M | -$13.9M |
| Pre-Tax Income | $35.9M | -$118.4M | -$66.2M | $696.7M | -$22.1M | -$10.6M |
| Income Tax | $162.2M | $0 | $0 | $0 | $200,000 | $0 |
| Net Income | -$65.4M | -$48.7M | -$28.7M | $705.2M | -$22.3M | -$10.6M |
| Diluted EPS | -$8.40 | -$6.10 | -$3.50 | $14.34 | -$0.23 | -$0.11 |
National CineMedia Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $63.4M | $93.1M | $34.0M | $58.4M |
| Net Income | $1.6M | $29.2M | -$28.6M | -$9.9M |
| Diluted EPS | $0.02 | $0.31 | -$0.31 | -$0.11 |
National CineMedia Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $180.3M | $101.2M | $61.7M | $34.6M | $75.1M | $34.6M |
| Current Assets | $199.9M | $158.4M | $164.4M | $143.8M | $177.9M | $138.1M |
| Total Assets | $886.2M | $817.4M | $792.4M | $567.7M | $568.6M | $490.6M |
| Current Liabilities | $50.0M | $69.8M | $1.20B | $58.4M | $73.5M | $62.1M |
| Total Long-Term Debt | $1.05B | $1.10B | $2.24B | $10.0M | $10.0M | $12.0M |
| Total Liabilities | $1.15B | $1.20B | $1.26B | $133.2M | $157.4M | $115.2M |
| Shareholders' Equity | -$473.1M | -$526.7M | -$515.3M | $434.5M | $411.2M | $375.4M |
National CineMedia Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $55.3M | -$95.2M | -$47.3M | -$6.7M | $60.3M | $8.4M |
| Cash From Investing | — | — | — | — | -$5.7M | -$15.4M |
| Cash From Financing | — | — | — | — | -$14.1M | -$33.5M |
| Free Cash Flow | $47.3M | -$100.9M | -$50.2M | -$10.0M | $54.5M | $2.8M |
Figures from National CineMedia's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full National CineMedia financials page for every line item.
National CineMedia Company Profile
| Ticker | NCMI |
|---|---|
| Exchange | Nasdaq |
| Industry | Advertising (Services) |
| Headquarters | Centennial, Colorado |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001377630 |
Frequently Asked Questions
What was National CineMedia's revenue in fiscal 2025?
National CineMedia (NCMI) reported revenue of $243.2M for fiscal 2025.
What is National CineMedia's annual revenue history?
National CineMedia's annual revenue by fiscal year: 2020: $90.4M; 2021: $114.6M; 2022: $249.2M; 2023: $165.2M; 2024: $240.8M; 2025: $243.2M.
What was National CineMedia's net income in fiscal 2025?
National CineMedia reported net income of -$10.6M for fiscal 2025.
What was National CineMedia's earnings per share (EPS) in fiscal 2025?
National CineMedia's diluted EPS was -$0.11 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did National CineMedia generate in fiscal 2025?
National CineMedia generated $2.8M of free cash flow in fiscal 2025.
What was National CineMedia's revenue last quarter?
In its most recent reported quarter (2026 Q2), National CineMedia reported revenue of $58.4M.
How much debt does National CineMedia have?
National CineMedia reported $12.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of National CineMedia are outstanding?
National CineMedia reported a weighted average of 93.7 million basic shares outstanding in 2026 Q2.
What is National CineMedia's market cap?
Based on its latest closing price, National CineMedia (NCMI) has a market capitalization of about $207.1M.
When does National CineMedia's fiscal year end?
National CineMedia's fiscal year end, as registered with the SEC, is December 31.
Where is National CineMedia headquartered?
National CineMedia lists its business address in Centennial, Colorado in its SEC filings.