Growth Metrics

National Research (NRC) Operating Expenses (2016 - 2025)

National Research's Operating Expenses history spans 16 years, with the latest figure at $30.5 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 11.74% year-over-year to $30.5 million; the TTM value through Dec 2025 reached $114.8 million, up 6.43%, while the annual FY2025 figure was $114.8 million, 6.43% up from the prior year.
  • Operating Expenses for Q4 2025 was $30.5 million at National Research, up from $26.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $32.4 million in Q2 2025 and bottomed at $23.4 million in Q1 2021.
  • The 5-year median for Operating Expenses is $26.6 million (2022), against an average of $26.7 million.
  • The largest YoY upside for Operating Expenses was 24.06% in 2025 against a maximum downside of 6.02% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $25.4 million in 2021, then increased by 1.88% to $25.9 million in 2022, then increased by 1.5% to $26.3 million in 2023, then increased by 3.9% to $27.3 million in 2024, then increased by 11.74% to $30.5 million in 2025.
  • Per Business Quant, the three most recent readings for NRC's Operating Expenses are $30.5 million (Q4 2025), $26.9 million (Q3 2025), and $32.4 million (Q2 2025).