NATIONAL RESEARCH CORP

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 8, 2025

NRC$26.67+3.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Balance Sheets

(In thousands, except share amounts and par value)

	June 30, 2025	December 31, 2024
(unaudited)
Assets
Current assets:
Cash and cash equivalents	$5,274	$4,233
Trade accounts receivable, less allowance for doubtful accounts of $40 and $40, respectively	12,416	11,054
Prepaid expenses	4,970	3,480
Income taxes receivable	438	141
Other current assets	2,222	692
Total current assets	25,320	19,600
Net property and equipment	42,232	38,269
Intangible assets, net	2,422	2,616
Goodwill	66,152	66,152
Operating lease right-of-use assets	1,409	1,627
Deferred contract costs, net	1,573	1,562
Other noncurrent assets	2,279	2,713
Total assets	$141,387	$132,539
Liabilities and Shareholders’ Equity
Current liabilities:
Current portion of notes payable, net of unamortized debt issuance costs	$3,928	$4,789
Accounts payable	1,180	1,194
Accrued wages and bonuses	5,685	4,774
Accrued expenses	5,614	5,091
Dividends payable	2,776	2,770
Deferred revenue	15,603	15,786
Income taxes payable	-	353
Other current liabilities	1,140	1,101
Total current liabilities	35,926	35,858
Notes payable, net of current portion and unamortized debt issuance costs	77,029	57,895
Deferred income taxes	3,500	3,531
Other long-term liabilities	3,604	3,971
Total liabilities	120,059	101,255
Shareholders’ equity:
Preferred stock, $0.01 par value, authorized 2,000,000 shares, none issued	-	-
Common stock, $0.001 par value; authorized 110,000,000 shares, issued 31,782,158 in 2025 and 31,072,144 in 2024, outstanding 23,103,685 in 2025 and 23,083,116 in 2024	32	31
Additional paid-in capital	180,858	180,249
Retained earnings (accumulated deficit)	(16,894)	(17,064)
Treasury stock, at cost; 8,678,473 and 7,989,028 Common shares in 2025 and 2024, respectively	(142,668)	(131,932)
Total shareholders’ equity	21,328	31,284
Total liabilities and shareholders’ equity	$141,387	$132,539

See accompanying notes to condensed consolidated financial statements

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.