Natural Grocers by Vitamin Cottage (NGVC) Operating Expenses (2011 - 2026)
Natural Grocers by Vitamin Cottage's (NGVC) quarterly Operating Expenses came in at $79.0 million in Q2 2026, up 0.91% year-over-year from $78.3 million in Q2 2025, and little changed quarter-over-quarter from $79.3 million in Q1 2026.
Analysis
Natural Grocers by Vitamin Cottage (NGVC) Operating Expenses (2011 - 2026) Analysis & Trends
Natural Grocers by Vitamin Cottage has disclosed Operating Expenses across 16 years of filings, most recently posting $79.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 0.91% year-over-year to $79.0 million; the TTM figure through Jun 2026 stood at $315.9 million (up 27.13% YoY), while the FY2025 annual figure was $316.7 million, up 6.84% from the prior year.
- Operating Expenses came in at $79.0 million for Q2 2026 at Natural Grocers by Vitamin Cottage, roughly flat from $79.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $80.3 million in Q4 2024 to a low of $7.8 million in Q2 2022.
- Average Operating Expenses over 5 years is $36.5 million, with a median of $10.3 million recorded in 2023.
- Year-over-year, Operating Expenses jumped 707.77% in 2024 and declined 1.89% in 2025.
- Over 5 years, Operating Expenses stood at $8.7 million in 2022, then gained by 14.23% to $9.9 million in 2023, then jumped by 707.77% to $80.3 million in 2024, then decreased by 1.89% to $78.8 million in 2025, then rose by 0.24% to $79.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $79.0 million in Q2 2026, $79.3 million in Q1 2026, and $78.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kroger | 37.14 Bn | 33.81 Bn | 8.12 Bn | 205.00 Mn |
| 2 | Sprouts Farmers Market | 6.87 Bn | 6.64 Bn | 900.65 Mn | 682.63 Mn |
| 3 | Albertsons Companies | 6.38 Bn | 6.18 Bn | 5.51 Bn | 6.00 Bn |
| 4 | Weis Markets | 1.74 Bn | 1.53 Bn | 328.40 Mn | 86.95 Mn |
| 5 | Ingles Markets | 1.54 Bn | 1.09 Bn | 332.44 Mn | 298.01 Mn |
| 6 | Sally Beauty Holdings | 1.50 Bn | 1.33 Bn | 490.25 Mn | 403.85 Mn |
| 7 | Grocery Outlet Holding | 1.12 Bn | 1.04 Bn | 360.72 Mn | 344.95 Mn |
| 8 | Petco Health & Wellness Company | 708.07 Mn | 414.58 Mn | 591.15 Mn | 543.34 Mn |
| 9 | Dingdong (Cayman) | 705.44 Mn | 439.26 Mn | 1.64 Mn | -21.14 Mn |
| 10 | Natural Grocers by Vitamin Cottage | 639.32 Mn | 621.86 Mn | 98.01 Mn | 79.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 79.00 Mn |
| Mar 31, 2026 | 79.28 Mn |
| Dec 31, 2025 | 78.81 Mn |
| Sep 30, 2025 | 78.84 Mn |
| Jun 30, 2025 | 78.29 Mn |
| Mar 31, 2025 | 79.20 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 |