Natural Grocers by Vitamin Cottage (NGVC) Operating Expenses (2011 - 2026)
Natural Grocers by Vitamin Cottage (NGVC) posted Operating Expenses of $4.4 million for Q1 2026, down 12.18% sequentially from $5.0 million in Q4 2025, and down 3.45% YoY from $4.6 million in Q1 2025.
Natural Grocers by Vitamin Cottage (NGVC) Operating Expenses (2011 - 2026) Analysis & Trends
Natural Grocers by Vitamin Cottage has reported Operating Expenses for 16 years, with the latest figure at $4.4 million in Q1 2026.
- Quarterly Operating Expenses fell 3.45% year-over-year to $4.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $31.5 million (down 70.18% YoY) and the FY2025 annual result came in at $18.2 million, down 93.87% from the prior year.
- Operating Expenses eased to $4.4 million in Q1 2026 per NGVC's latest filing, from $5.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $80.3 million in Q4 2024 and troughed at $4.4 million in Q1 2026.
- A 5-year average of $12.9 million and a median of $9.7 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 707.77% in 2024, then plunged 93.73% in 2025.
- Over 5 years, Operating Expenses stood at $8.7 million in 2022, then climbed by 14.23% to $9.9 million in 2023, then soared by 707.77% to $80.3 million in 2024, then slumped by 93.73% to $5.0 million in 2025, then slipped by 12.18% to $4.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.4 million, $5.0 million, and $11.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kroger | 36.79 Bn | 33.46 Bn | 8.12 Bn | 205.00 Mn |
| 2 | Sprouts Farmers Market | 7.37 Bn | 7.15 Bn | 900.65 Mn | 682.63 Mn |
| 3 | Albertsons Companies | 6.55 Bn | 6.35 Bn | 5.51 Bn | 6.00 Bn |
| 4 | Weis Markets | 1.75 Bn | 1.54 Bn | 328.40 Mn | 86.95 Mn |
| 5 | Ingles Markets | 1.23 Bn | 777.13 Mn | 332.44 Mn | 298.01 Mn |
| 6 | Grocery Outlet Holding | 1.10 Bn | 1.03 Bn | 360.72 Mn | 344.95 Mn |
| 7 | Dingdong (Cayman) | 762.33 Mn | 553.01 Mn | 1.46 Mn | -30.15 Mn |
| 8 | Natural Grocers by Vitamin Cottage | 629.76 Mn | 612.29 Mn | 98.01 Mn | 79.00 Mn |
| 9 | Krispy Kreme | 606.61 Mn | 584.47 Mn | 172.13 Mn | 53.70 Mn |
| 10 | Village Super Market | 446.11 Mn | 317.43 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 79.00 Mn |
| Mar 31, 2026 | 4.42 Mn |
| Dec 31, 2025 | 5.03 Mn |
| Sep 30, 2025 | 11.03 Mn |
| Jun 30, 2025 | 10.97 Mn |
| Mar 31, 2025 | 4.58 Mn |
| Dec 31, 2024 | 80.33 Mn |
| Sep 30, 2024 | 10.69 Mn |
| Jun 30, 2024 | 9.91 Mn |
| Mar 31, 2024 | 9.89 Mn |
| Dec 31, 2023 | 9.95 Mn |
| Sep 30, 2023 | 10.75 Mn |
| Jun 30, 2023 | 9.68 Mn |
| Mar 31, 2023 | 8.85 Mn |
| Dec 31, 2022 | 8.71 Mn |
| Sep 30, 2022 | 9.20 Mn |
| Jun 30, 2022 | 7.78 Mn |
| Mar 31, 2022 | 8.31 Mn |
| Dec 31, 2021 | 7.38 Mn |
| Sep 30, 2021 | 7.68 Mn |