Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 55

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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	(694
			
			)

			(1,052
			
			)

			(2,367
			)

			(3,123
			)

			Income before income taxes

			14,893

			11,795

			44,121

			31,788

			Provision for income taxes

			(3,288
			
			)

			(2,586
			
			)

			(9,477
			)

			(6,863
			)

			Net income

			$
			11,605

			9,209

			34,644

			24,925

			Net income per share of common stock:

			Basic

			$
			0.51

			0.40

			1.51

			1.09

			Diluted

			$
			0.50

			0.40

			1.49

			1.08

			Weighted average number of shares of common stock outstanding:

			Basic

			22,951,339

			22,789,057

			22,930,084

			22,766,516

			Diluted

			23,311,935

			23,115,356

			23,247,316

			23,052,044

See accompanying notes to unaudited interim consolidated financial statements.

5

Table of Contents

NATURAL GROCERS BY VITAMIN COTTAGE, INC.

Consolidated Statements of Cash Flows 

(Unaudited)

(Dollars in thousands)

			Nine months ended June 30, 

			2025

			2024

			Operating activities:

			Net income

			$
			34,644

			24,925

			Adjustments to reconcile net income to net cash provided by operating activities:

			Depreciation and amortization

			23,791

			22,998

			Loss on impairment of long-lived assets and store closing costs

			81

			390

			(Gain) loss on disposal of property and equipment

			(30
			)

			10

			Share-based compensation

			3,100

			1,900

			Deferred income