Growth Metrics

National Research (NRC) Cost of Revenue (2016 - 2025)

National Research's Cost of Revenue history spans 16 years, with the latest figure at $13.9 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 2.89% year-over-year to $13.9 million; the TTM value through Dec 2025 reached $52.4 million, down 8.01%, while the annual FY2025 figure was $52.4 million, 8.01% down from the prior year.
  • Cost of Revenue for Q4 2025 was $13.9 million at National Research, up from $12.4 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $15.3 million in Q3 2024 and bottomed at $11.9 million in Q1 2021.
  • The 5-year median for Cost of Revenue is $13.8 million (2023), against an average of $13.7 million.
  • The largest annual shift saw Cost of Revenue increased 23.78% in 2022 before it decreased 18.95% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $14.2 million in 2021, then decreased by 1.26% to $14.0 million in 2022, then dropped by 1.39% to $13.8 million in 2023, then grew by 4.04% to $14.4 million in 2024, then decreased by 2.89% to $13.9 million in 2025.
  • Per Business Quant, the three most recent readings for NRC's Cost of Revenue are $13.9 million (Q4 2025), $12.4 million (Q3 2025), and $13.0 million (Q2 2025).