Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 95

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 95
---
 a summary of our operating, investing and financing activities for the periods presented, dollars in thousands:

			Nine months ended 

			June 30,

			2025

			2024

			Net cash provided by operating activities

			$
			39,677

			49,280

			Net cash used in investing activities

			(22,942
			)

			(31,808
			)

			Net cash used in financing activities

			(12,428
			)

			(21,899
			)

			Net increase (decrease) in cash and cash equivalents

			4,307

			(4,427
			)

			Cash and cash equivalents, beginning of period

			8,871

			18,342

			Cash and cash equivalents, end of period

			$
			13,178

			13,915

Operating Activities

Net cash provided by operating activities consists primarily of net income adjusted for non-cash items, including depreciation and amortization, impairment of long-lived assets and store closures, share-based compensation, and changes in deferred taxes, and the effect of changes in operating assets and liabilities. Cash provided by operating activities decreased $9.6 million, or 19.5%, to $39.7 million for the nine months ended June 30, 2025 compared to $49.3 million for the nine months ended June 30, 2024. The decrease in cash provided by operating activities was the result of a decrease in cash provided by operating assets and liabilities, partially offset by an increase in cash provided by net income as adjusted for non-cash items.

Investing Activities

Net cash used in investing activities decreased $8.9 million, or 27.9%, to $22.9 million for the nine months ended June 30, 2025 compared to $31.8 million for the nine months ended June 30, 2024. This decrease was primarily the result of decreases in acquisitions of property and equipment of $7.9 million and other intangibles of $0.7 million during the nine months ended June 30, 2025 compared to the nine months ended June 30, 2024, and was attributed to the timing of new store openings, relocations/remodels, and software projects under development.

We plan to spend approximately $7.1 million to $10.