Natural Grocers by Vitamin Cottage, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Natural Grocers by Vitamin Cottage, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Sep 30, 2022 | $274.21M | Dec 8, 2022 |
| FY2022 | Jun 30, 2022 | $266.31M | Dec 8, 2022 |
| FY2022 | Mar 31, 2022 | $271.82M | Dec 8, 2022 |
| FY2022 | Dec 31, 2021 | $277.29M | Dec 8, 2022 |
| FY2022 | Sep 30, 2021 | $272.65M | Dec 8, 2022 |
| FY2022 | Jun 30, 2021 | $258.62M | Dec 8, 2022 |
| FY2022 | Mar 31, 2021 | $259.20M | Dec 8, 2022 |
| FY2022 | Dec 31, 2020 | $265.05M | Dec 8, 2022 |
| FY2021 | Sep 30, 2020 | $264.18M | Dec 9, 2021 |
| FY2021 | Jun 30, 2020 | $265.11M | Dec 9, 2021 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $1.33B | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $1.24B | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $301.75M | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | $1.14B | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | $280.46M | Feb 8, 2024 |
| FY2024 | Sep 30, 2022 | $1.09B | Dec 12, 2024 |
| FY2023 | Dec 31, 2021 | $277.29M | Feb 2, 2023 |
| FY2023 | Sep 30, 2021 | $1.06B | Dec 7, 2023 |
| FY2022 | Sep 30, 2020 | $1.04B | Dec 8, 2022 |
| FY2021 | Sep 30, 2019 | $903.58M | Dec 9, 2021 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Sep 30, 2017 | $198.54M | Dec 7, 2017 |
| FY2017 | Jun 30, 2017 | $194.71M | Dec 7, 2017 |
| FY2017 | Mar 31, 2017 | $192.20M | Dec 7, 2017 |
| FY2017 | Dec 31, 2016 | $183.58M | Dec 7, 2017 |
| FY2017 | Sep 30, 2016 | $181.04M | Dec 7, 2017 |
| FY2017 | Jun 30, 2016 | $179.27M | Dec 7, 2017 |
| FY2017 | Mar 31, 2016 | $177.40M | Dec 7, 2017 |
| FY2017 | Dec 31, 2015 | $167.79M | Dec 7, 2017 |
| FY2016 | Sep 30, 2015 | $162.40M | Dec 8, 2016 |
| FY2016 | Jun 30, 2015 | $158.65M | Dec 8, 2016 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $397.88M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $364.81M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $88.76M | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | $326.93M | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | $78.72M | Feb 8, 2024 |
| FY2022 | Sep 30, 2022 | $75.80M | Dec 8, 2022 |
| FY2022 | Jun 30, 2022 | $73.56M | Dec 8, 2022 |
| FY2022 | Mar 31, 2022 | $76.78M | Dec 8, 2022 |
| FY2023 | Dec 31, 2021 | $78.74M | Feb 2, 2023 |
| FY2022 | Sep 30, 2021 | $75.79M | Dec 8, 2022 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $46.44M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $33.94M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $7.76M | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | $23.24M | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | $4.41M | Feb 8, 2024 |
| FY2024 | Sep 30, 2022 | $21.37M | Dec 12, 2024 |
| FY2023 | Dec 31, 2021 | $8.92M | Feb 2, 2023 |
| FY2023 | Sep 30, 2021 | $20.58M | Dec 7, 2023 |
| FY2022 | Sep 30, 2020 | $20.01M | Dec 8, 2022 |
| FY2021 | Sep 30, 2019 | $9.42M | Dec 9, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $61.99M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $46.98M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $10.80M | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | $31.67M | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | $6.42M | Feb 8, 2024 |
| FY2022 | Sep 30, 2022 | $3.62M | Dec 8, 2022 |
| FY2022 | Jun 30, 2022 | $5.65M | Dec 8, 2022 |
| FY2022 | Mar 31, 2022 | $8.86M | Dec 8, 2022 |
| FY2023 | Dec 31, 2021 | $12.02M | Feb 2, 2023 |
| FY2022 | Sep 30, 2021 | $9.37M | Dec 8, 2022 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $55.30M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $73.76M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $16.62M | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | $64.61M | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | $21.21M | Feb 8, 2024 |
| FY2024 | Sep 30, 2022 | $39.69M | Dec 12, 2024 |
| FY2023 | Dec 31, 2021 | $12.06M | Feb 2, 2023 |
| FY2023 | Sep 30, 2021 | $53.88M | Dec 7, 2023 |
| FY2022 | Sep 30, 2020 | $66.50M | Dec 8, 2022 |
| FY2021 | Sep 30, 2019 | $37.38M | Dec 9, 2021 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $31.20M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $37.54M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $11.73M | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | $36.57M | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | $10.41M | Feb 8, 2024 |
| FY2024 | Sep 30, 2022 | $28.04M | Dec 12, 2024 |
| FY2023 | Dec 31, 2021 | $4.66M | Feb 2, 2023 |
| FY2023 | Sep 30, 2021 | $26.35M | Dec 7, 2023 |
| FY2022 | Sep 30, 2020 | $26.75M | Dec 8, 2022 |
| FY2021 | Sep 30, 2019 | $30.03M | Dec 9, 2021 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $670.50M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $655.48M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $663.16M | Feb 8, 2024 |
| FY2024 | Sep 30, 2023 | $669.19M | Dec 12, 2024 |
| FY2023 | Dec 31, 2022 | $658.53M | Feb 2, 2023 |
| FY2023 | Sep 30, 2022 | $663.11M | Dec 7, 2023 |
| FY2022 | Sep 30, 2021 | $655.08M | Dec 8, 2022 |
| FY2021 | Sep 30, 2020 | $681.79M | Dec 9, 2021 |
| FY2020 | Sep 30, 2019 | $327.11M | Dec 10, 2020 |
| FY2019 | Sep 30, 2018 | $307.08M | Dec 5, 2019 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $458.11M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $481.22M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $509.30M | Feb 8, 2024 |
| FY2024 | Sep 30, 2023 | $498.34M | Dec 12, 2024 |
| FY2023 | Dec 31, 2022 | $500.34M | Feb 2, 2023 |
| FY2023 | Sep 30, 2022 | $507.30M | Dec 7, 2023 |
| FY2022 | Sep 30, 2021 | $512.35M | Dec 8, 2022 |
| FY2021 | Sep 30, 2020 | $508.73M | Dec 9, 2021 |
| FY2020 | Sep 30, 2019 | $170.21M | Dec 10, 2020 |
| FY2019 | Sep 30, 2018 | $160.36M | Dec 5, 2019 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $212.40M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $174.25M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $153.86M | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | $170.84M | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | $158.19M | Feb 8, 2024 |
| FY2025 | Sep 30, 2022 | $155.81M | Dec 11, 2025 |
| FY2023 | Dec 31, 2021 | $149.55M | Feb 2, 2023 |
| FY2024 | Sep 30, 2021 | $142.73M | Dec 12, 2024 |
| FY2023 | Sep 30, 2020 | $173.07M | Dec 7, 2023 |
| FY2022 | Sep 30, 2019 | $156.91M | Dec 8, 2022 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $5.20M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $5.20M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $5.20M | Feb 8, 2024 |
| FY2024 | Sep 30, 2023 | $5.20M | Dec 12, 2024 |
| FY2023 | Dec 31, 2022 | $5.20M | Feb 2, 2023 |
| FY2023 | Sep 30, 2022 | $5.20M | Dec 7, 2023 |
| FY2022 | Sep 30, 2021 | $5.20M | Dec 8, 2022 |
| FY2021 | Sep 30, 2020 | $5.20M | Dec 9, 2021 |
| FY2020 | Sep 30, 2019 | $5.20M | Dec 10, 2020 |
| FY2019 | Sep 30, 2018 | $5.20M | Dec 5, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $149.34M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $113.90M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $94.56M | Feb 8, 2024 |
| FY2024 | Sep 30, 2023 | $111.87M | Dec 12, 2024 |
| FY2023 | Dec 31, 2022 | $99.85M | Feb 2, 2023 |
| FY2023 | Sep 30, 2022 | $97.72M | Dec 7, 2023 |
| FY2022 | Sep 30, 2021 | $85.42M | Dec 8, 2022 |
| FY2021 | Sep 30, 2020 | $116.29M | Dec 9, 2021 |
| FY2020 | Sep 30, 2019 | $100.92M | Dec 10, 2020 |
| FY2019 | Sep 30, 2018 | $91.51M | Dec 5, 2019 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $17.12M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $8.87M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $13.62M | Feb 8, 2024 |
| FY2024 | Sep 30, 2023 | $18.34M | Dec 12, 2024 |
| FY2023 | Dec 31, 2022 | $16.94M | Feb 2, 2023 |
| FY2023 | Sep 30, 2022 | $12.04M | Dec 7, 2023 |
| FY2022 | Sep 30, 2021 | $23.68M | Dec 8, 2022 |
| FY2021 | Sep 30, 2020 | $28.53M | Dec 9, 2021 |
| FY2020 | Sep 30, 2019 | $6.21M | Dec 10, 2020 |
| FY2019 | Sep 30, 2018 | $9.40M | Dec 5, 2019 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 2 | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | 1 | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | 0 | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | 1 | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | 0 | Feb 8, 2024 |
| FY2022 | Sep 30, 2022 | 0 | Dec 8, 2022 |
| FY2022 | Jun 30, 2022 | 0 | Dec 8, 2022 |
| FY2022 | Mar 31, 2022 | 0 | Dec 8, 2022 |
| FY2023 | Dec 31, 2021 | 0 | Feb 2, 2023 |
| FY2022 | Sep 30, 2021 | 0 | Dec 8, 2022 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 2 | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | 1 | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | 0 | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | 1 | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | 0 | Feb 8, 2024 |
| FY2022 | Sep 30, 2022 | 0 | Dec 8, 2022 |
| FY2022 | Jun 30, 2022 | 0 | Dec 8, 2022 |
| FY2022 | Mar 31, 2022 | 0 | Dec 8, 2022 |
| FY2023 | Dec 31, 2021 | 0 | Feb 2, 2023 |
| FY2022 | Sep 30, 2021 | 0 | Dec 8, 2022 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 22.95M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | 22.89M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | 22.75M | Feb 8, 2024 |
| FY2024 | Sep 30, 2023 | 22.74M | Dec 12, 2024 |
| FY2023 | Dec 31, 2022 | 22.71M | Feb 2, 2023 |
| FY2023 | Sep 30, 2022 | 22.69M | Dec 7, 2023 |
| FY2021 | Sep 30, 2021 | 22.62M | Dec 9, 2021 |
| FY2021 | Sep 30, 2020 | 22.55M | Dec 9, 2021 |
| FY2020 | Sep 30, 2019 | 22.46M | Dec 10, 2020 |
| FY2019 | Sep 30, 2018 | 22.37M | Dec 5, 2019 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | $11.01M | Dec 11, 2025 |
| FY2025 | Sep 30, 2024 | $31.87M | Dec 11, 2025 |
| FY2024 | Dec 31, 2023 | $25.03M | Feb 8, 2024 |
| FY2025 | Sep 30, 2023 | $9.09M | Dec 11, 2025 |
| FY2024 | Dec 31, 2022 | $2.27M | Feb 8, 2024 |
| FY2024 | Sep 30, 2022 | $9.07M | Dec 12, 2024 |
| FY2023 | Dec 31, 2021 | $2.26M | Feb 2, 2023 |
| FY2023 | Sep 30, 2021 | $51.45M | Dec 7, 2023 |
| FY2022 | Sep 30, 2020 | $6.30M | Dec 8, 2022 |
| FY2021 | Sep 30, 2019 | $0 | Dec 9, 2021 |