Northern Technologies International Corp (NTIC) Financial Statements
Industry: Coating, Engraving & Allied Services
In fiscal 2025, Northern Technologies International reported revenue of $84.2M, down 1.0% from $85.1M the year before. Net income was $17,619 (a 0.0% net margin). Gross margin was 37.6% and operating margin was 3.1%. Operating activities generated $2.4M of cash, leaving $916,518 of free cash flow. At fiscal year end, Northern Technologies International held $102.7M in total assets against $30.6M in total liabilities, including $7.3M of cash and equivalents.
Open the full interactive Northern Technologies International financials → Quarterly statements, key ratios, valuation history and price charts.
Northern Technologies International Key Stats
| Share Price | $7.70 |
|---|---|
| Market Cap | $73.1M |
| Revenue YoY Growth | -1.0% |
| 52-Week Range | $7.34 – $9.88 |
| Shares Outstanding | 9.5 million (basic, 2026 Q3) |
Northern Technologies International Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $47.6M | $56.5M | $74.2M | $79.9M | $85.1M | $84.2M |
| Cost of Goods Sold | $31.6M | $36.9M | $51.1M | $52.1M | $51.3M | $52.6M |
| Gross Profit | $16.0M | $19.6M | $23.1M | $27.8M | $33.8M | $31.7M |
| Operating Income | $1.6M | $8.3M | $5.1M | $6.0M | $7.9M | $2.6M |
| Pre-Tax Income | $1.3M | $7.7M | $8.2M | $4.3M | $6.7M | $2.1M |
| Income Tax | $2.7M | $1.5M | $1.9M | $1.3M | $1.3M | $2.0M |
| Net Income | -$1.3M | $6.3M | $6.3M | $2.9M | $5.4M | $17,619 |
| Diluted EPS | -$0.15 | $0.64 | $0.66 | $0.30 | $0.55 | — |
Northern Technologies International Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $22.3M | $23.3M | $22.0M | $24.2M |
| Net Income | -$1.1M | $237,819 | -$35,323 | -$263,291 |
| Diluted EPS | -$0.11 | $0.03 | — | -$0.03 |
Northern Technologies International Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.4M | $7.7M | $5.3M | $5.4M | $5.0M | $7.3M |
| Current Assets | $33.2M | $33.7M | $40.2M | $39.7M | $41.6M | $44.3M |
| Total Assets | $66.1M | $74.4M | $86.2M | $89.3M | $94.7M | $102.7M |
| Current Liabilities | $6.1M | $8.5M | $17.1M | $16.7M | $17.9M | $23.9M |
| Total Long-Term Debt | — | — | — | — | — | $3.3M |
| Total Liabilities | $9.4M | $12.0M | $22.6M | $23.0M | $23.5M | $30.6M |
| Shareholders' Equity | $56.7M | $62.4M | $63.6M | $66.4M | $71.2M | $72.1M |
Northern Technologies International Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $4.9M | $2.9M | $1.1M | $5.5M | $5.9M | $2.4M |
| Cash From Investing | -$2.8M | -$103,316 | -$7.1M | -$3.3M | -$3.4M | -$3.9M |
| Cash From Financing | -$1.5M | -$1.5M | $3.2M | -$2.1M | -$3.0M | $3.9M |
| Free Cash Flow | $4.2M | -$2.6M | -$350,596 | $2.3M | $2.6M | $916,518 |
Figures from Northern Technologies International'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 Northern Technologies International financials page for every line item.
Northern Technologies International Company Profile
| Ticker | NTIC |
|---|---|
| Exchange | Nasdaq |
| Industry | Coating, Engraving & Allied Services |
| Headquarters | Circle Pines, Minnesota |
| Incorporated in | Delaware |
| Fiscal Year End | August 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000875582 |
Frequently Asked Questions
What was Northern Technologies International's revenue in fiscal 2025?
Northern Technologies International (NTIC) reported revenue of $84.2M for fiscal 2025.
What is Northern Technologies International's annual revenue history?
Northern Technologies International's annual revenue by fiscal year: 2020: $47.6M; 2021: $56.5M; 2022: $74.2M; 2023: $79.9M; 2024: $85.1M; 2025: $84.2M.
What was Northern Technologies International's net income in fiscal 2025?
Northern Technologies International reported net income of $17,619 for fiscal 2025.
How much free cash flow did Northern Technologies International generate in fiscal 2025?
Northern Technologies International generated $916,518 of free cash flow in fiscal 2025.
What was Northern Technologies International's revenue last quarter?
In its most recent reported quarter (2026 Q3), Northern Technologies International reported revenue of $24.2M.
How much debt does Northern Technologies International have?
Northern Technologies International reported $3.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Northern Technologies International are outstanding?
Northern Technologies International reported a weighted average of 9.5 million basic shares outstanding in 2026 Q3.
What is Northern Technologies International's market cap?
Based on its latest closing price, Northern Technologies International (NTIC) has a market capitalization of about $73.1M.
When does Northern Technologies International's fiscal year end?
Northern Technologies International's fiscal year end, as registered with the SEC, is August 31.
Where is Northern Technologies International headquartered?
Northern Technologies International lists its business address in Circle Pines, Minnesota in its SEC filings.