Company: NGVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015486
Chunk: 56

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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			)

			(1,177
			
			)

			(1,673
			)

			(2,071
			)

			Income before income taxes

			16,803

			10,084

			29,228

			19,993

			Provision for income taxes

			(3,702
			
			)

			(2,123
			
			)

			(6,189
			)

			(4,277
			)

			Net income

			$
			13,101

			7,961

			23,039

			15,716

			Net income per share of common stock:

			Basic

			$
			0.57

			0.35

			1.01

			0.69

			Diluted

			$
			0.56

			0.35

			0.99

			0.68

			Weighted average number of shares of common stock outstanding:

			Basic

			22,935,698

			22,759,131

			22,919,457

			22,755,307

			Diluted

			23,273,700

			23,061,119

			23,215,633

			23,015,842

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)

			Six months ended March 31, 

			2025

			2024

			Operating activities:

			Net income

			$
			23,039

			15,716

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

			Depreciation and amortization

			15,838

			15,153

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

			81

			(3
			)

			Loss on disposal of property and equipment

			15

			30

			Share-based compensation

			2,257

			838

			Deferred income tax benefit