Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 744

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 8
Chunk 744
---
 for new operating lease obligations

			18,412

			22,317

			15,274

			Lease assets obtained in exchange for new finance lease obligations

			7,419

			(45
			)

			5,724

See accompanying notes to consolidated financial statements.

61

NATURAL GROCERS BY VITAMIN COTTAGE, INC.

Consolidated Statements of Changes in Stockholders’ Equity

Years Ended September 30, 2025, 2024 and 2023

(Dollars in thousands, except per share data)

			Common stock –$0.001 par

			Additional

			Total

			value

			paid-in

			Retained

			Treasury

			stockholders’

			Shares outstanding

			Amount

			capital

			earnings

			stock

			equity

			Balances at September 30, 2022

			22,690,188

			$
			23

			$
			58,072

			$
			97,717

			$
			—

			$
			155,812

			Net income

			—

			—

			—

			23,243

			—

			23,243

			Share-based compensation

			—

			—

			941

			—

			115

			1,056

			Issuance of common stock

			66,725

			—

			—

			—

			—

			—

			Repurchase of common stock

			(17,998
			)

			—

			—

			—

			(181
			)

			(181
			)

			Cash dividends

			—

			—

			—

			(9,089
			
			)

			—

			(9,089
			
			)

			Balances at September 30, 2023

			22,738,915

			23

			59,013

			111,871

			(66
			)

			170,841

			Net income

			—

			—

			—

			33,935

			—

			33,935

			Share-based compensation