National CineMedia, Inc.
NCMINasdaqIndustrials · Services-Advertising · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY26 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $243.2M | $240.8M | $165.2M | $249.2M | $114.6M | $90.4M |
| Operating income | −$13.9M | −$19.5M | −$27.3M | $6.9M | −$68.6M | −$61.0M |
| Net income | −$10.6M | −$22.3M | −$45.5M | −$25.2M | −$48.7M | −$65.4M |
| Total assets | $490.6M | $568.6M | $567.7M | $792.4M | $817.4M | $886.2M |
| Total liabilities | $115.2M | $157.4M | $133.2M | $1.26B | $1.20B | $1.15B |
| Equity | $375.4M | $411.2M | $434.5M | −$515.3M | −$526.7M | −$473.1M |
| EPS (diluted) | $-0.11 | $-0.23 | $-3.13 | $-3.11 | $-0.61 | $-0.84 |
| Shares out. | 93.1M | 97.0M | 174.1M | 8.1M | 81.1M | 78.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2026- Operating margin
- −5.7%
- Net margin
- −4.4%
- Return on equity
- −2.8%
- Return on assets
- −2.2%
- Return on capital (ROCE)
- −3.2%
- Liabilities / assets
- 23.5%
- Debt / equity
- 0.31×
- Book value / share
- $4.03
- Revenue growth (YoY)
- 1.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2026- Altman Z″ (distress)
- 5.82safe
- Accruals / assets
- −3.9%clean
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 5 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 29, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 14, 2018
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Hotchkis & Wiley Capital Management LlcPassive (13G)May 15, 2026
- Orbis Investment Management LtdPassive (13G)May 15, 2026
- Blantyre Capital LtdActivist (13D)Sep 29, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 6.9M | 20.7 | +2.4% |
| Apr 30, 2026 | 6.8M | 23.4 | -1.6% |
| Apr 15, 2026 | 6.9M | 10.7 | -3.0% |
| Mar 31, 2026 | 7.1M | 19.6 | -6.5% |
| Mar 13, 2026 | 7.6M | 13.3 | +2.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operations · Shareholder voteMay 12, 2026
- Amended charter or bylawsMar 27, 2026
- Results of operationsFeb 26, 2026
- Director / officer changeDec 23, 2025
- Regulation FD disclosureNov 17, 2025
- Director / officer changeNov 14, 2025
- Results of operationsOct 30, 2025
- Director / officer changeOct 22, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.