National CineMedia, Inc. (NCMI)
Nasdaq · Services-Advertising · Services · CIK 1377630 · fiscal year ends in Dec
Closing price $1.60 on 30 Oct 2026; 52-week range $1.60 to $4.45.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $248.9M
- Revenue growth
- 5.7%
- Net income, last twelve months
- -$7.7M
- Earnings per share
- -$0.09
- Gross margin
- 94.2%
- Operating margin
- -7.1%
- Net margin
- -3.1%
- Free cash flow
- $19.7M
- Return on equity
- -2.3%
- Market value
- $150.4M
- Dividend yield
- 7.5%
- Cash
- $43.1M
- Debt
- $12.0M
- Debt to equity
- 0.04
- Shares outstanding
- 94.0M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 1 Jan 2026 | $243.2M | -$13.9M | -$10.6M | -$0.11 | $2.8M | 10-K filed 26 Feb 2026 |
| FY2024 | 26 Dec 2024 | $240.8M | -$19.5M | -$22.3M | -$0.23 | $54.5M | 10-K filed 6 Mar 2025 |
| FY2023 | 28 Dec 2023 | $165.2M | -$27.3M | $705.2M | $14.34 | -$10.0M | 10-K filed 18 Mar 2024 |
| FY2022 | 29 Dec 2022 | $249.2M | $6.9M | -$28.7M | -$3.50 | -$50.2M | 10-K filed 13 Apr 2023 |
| FY2021 | 30 Dec 2021 | $114.6M | -$68.6M | -$48.7M | -$6.10 | -$100.9M | 10-K filed 3 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 2 Jul 2026 | $58.4M | -$9.9M | -$0.11 |
| Q1 FY2026 | 2 Apr 2026 | $34.0M | -$28.6M | -$0.31 |
| Q4 FY2025 | 1 Jan 2026 | $93.1M | $29.2M | $0.31 |
| Q3 FY2025 | 25 Sep 2025 | $63.4M | $1.6M | $0.02 |
| Q2 FY2025 | 26 Jun 2025 | $51.8M | -$10.7M | -$0.11 |
| Q1 FY2025 | 27 Mar 2025 | $34.9M | -$30.7M | -$0.32 |
| Q4 FY2024 | 26 Dec 2024 | $86.3M | $24.7M | $0.26 |
| Q3 FY2024 | 26 Sep 2024 | $62.4M | -$3.6M | -$0.04 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2026
| Segment | Revenue | Share |
|---|---|---|
| National advertising revenue | $194.5M | 78.9% |
| Local and regional advertising revenue | $34.6M | 14.0% |
| ESA advertising revenue from beverage concessionaire agreements | $14.1M | 5.7% |
| Barter Transaction Revenue | $3.4M | 1.4% |
Company events
The newest 8-K filings of 267 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 21 Sep 2026 | 8-K | Deal completed, Material agreement, Agreement ended, New debt, Investor update | 1.01, 1.02, 2.01, 2.03, 7.01, 9.01 |
| 11 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 11 Aug 2026 | 8-K | Material agreement, Investor update, Other events | 1.01, 7.01, 8.01, 9.01 |
| 12 May 2026 | 8-K | Results, Shareholder vote | 2.02, 5.07, 9.01 |
| 27 Mar 2026 | 8-K | Bylaws or fiscal year change | 5.03, 9.01 |
| 27 Feb 2026 | 8-K/A | Results | 2.02 |
| 26 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 23 Dec 2025 | 8-K | Leadership change | 5.02, 9.01 |
| 17 Nov 2025 | 8-K | Investor update | 7.01, 9.01 |
| 14 Nov 2025 | 8-K | Leadership change | 5.02 |
| 30 Oct 2025 | 8-K | Results | 2.02, 9.01 |
| 22 Oct 2025 | 8-K | Leadership change | 5.02 |
Every filing
The newest filings with the SEC of 504 held.
| Filed | Form | Period |
|---|---|---|
| 21 Sep 2026 | 8-K | 18 Sep 2026 |
| 11 Aug 2026 | 10-Q | 2 Jul 2026 |
| 11 Aug 2026 | 8-K | 11 Aug 2026 |
| 11 Aug 2026 | 8-K | 10 Aug 2026 |
| 12 May 2026 | 10-Q | 2 Apr 2026 |
| 12 May 2026 | 8-K | 7 May 2026 |
| 27 Mar 2026 | 8-K | 26 Mar 2026 |
| 27 Mar 2026 | ARS | 1 Jan 2026 |
| 27 Mar 2026 | DEFA14A | – |
| 27 Mar 2026 | DEF 14A | 26 Mar 2026 |
| 27 Feb 2026 | 8-K/A | 26 Feb 2026 |
| 26 Feb 2026 | 10-K | 1 Jan 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 1 Oct 2026 | Woods Maria Vg, Chief Legal Officer | Sale outside a trading plan | 12,189 | $2.09 | $25.5K | 176,806 | 2 Oct 2026 |
| 1 Oct 2026 | Ng Ronnie Y., Chief Financial Officer | Sale outside a trading plan | 35,467 | $2.09 | $74.3K | 220,294 | 2 Oct 2026 |
| 1 Oct 2026 | Lesinski Thomas F., Chief Executive Officer | Sale outside a trading plan | 70,933 | $2.09 | $148.5K | 583,061 | 2 Oct 2026 |
| 3 Aug 2026 | Ng Ronnie Y., Chief Financial Officer | Sale under a trading plan | 1,000 | $4.05 | $4.0K | 204,095 | 4 Aug 2026 |
| 3 Aug 2026 | Lesinski Thomas F., Chief Executive Officer | Sale outside a trading plan | 50,623 | $4.18 | $211.8K | 550,661 | 4 Aug 2026 |
| 2 Jul 2026 | Woods Maria Vg, Chief Legal Officer | Sale outside a trading plan | 12,058 | $3.77 | $45.5K | 163,162 | 2 Jul 2026 |
| 2 Jul 2026 | Ng Ronnie Y., Chief Financial Officer | Sale outside a trading plan | 32,328 | $3.77 | $122.0K | 205,095 | 2 Jul 2026 |
| 2 Jul 2026 | Lesinski Thomas F., Chief Executive Officer | Sale outside a trading plan | 70,168 | $3.77 | $264.7K | 526,724 | 2 Jul 2026 |
| 26 Jun 2026 | Lesinski Thomas F., Chief Executive Officer | Sale under a trading plan | 28,900 | $3.62 | $104.6K | 493,559 | 29 Jun 2026 |
| 25 Jun 2026 | Lesinski Thomas F., Chief Executive Officer | Sale under a trading plan | 46,100 | $3.55 | $163.7K | 522,459 | 29 Jun 2026 |
| 22 Jun 2026 | Ng Ronnie Y., Chief Financial Officer | Sale under a trading plan | 19,000 | $3.42 | $64.9K | 185,757 | 26 Jun 2026 |
| 4 May 2026 | Woods Maria Vg, Chief Legal Officer | Sale outside a trading plan | 5,509 | $3.45 | $19.0K | 149,387 | 5 May 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 28 Sep 2026 | Woods, Maria VG., Officer | 13,500 | $29.7K | 30 Sep 2026 |
| 28 Sep 2026 | Ng, Ronnie Y., Officer | 34,000 | $74.8K | 30 Sep 2026 |
| 28 Sep 2026 | Lesinski, Thomas F., Officer, Director | 71,500 | $157.3K | 30 Sep 2026 |
| 29 Jul 2026 | Lesinski, Thomas F., Officer, Director | 52,000 | $200.8K | 31 Jul 2026 |
| 29 Jun 2026 | Woods, Maria VG., Officer | 13,500 | $51.4K | 30 Jun 2026 |
| 29 Jun 2026 | Ng, Ronnie Y., Officer | 34,000 | $129.4K | 30 Jun 2026 |
| 29 Jun 2026 | Lesinski, Thomas F., Officer, Director | 71,500 | $272.1K | 30 Jun 2026 |
| 25 Jun 2026 | Thomas Lesinski, Officer, Director | 150,000 | $532.6K | 25 Jun 2026 |
| 22 Jun 2026 | RONNIE NG, Officer | 20,000 | $68.0K | 22 Jun 2026 |
| 29 Apr 2026 | Woods, Maria VG., Officer | 7,000 | $24.8K | 1 May 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 9 Oct 2026 | Blantyre Capital II Limited | 13D | 28.9% | 27.1M |
| 8 Sep 2026 | ORBIS INVESTMENT MANAGEMENT LTD | 13G amended | 11.9% | 11.1M |
| 14 Aug 2026 | ORBIS INVESTMENT MANAGEMENT LTD | 13G amended | 9.9% | 9.2M |
| 12 Aug 2026 | Hotchkis and Wiley Capital Management, LLC | 13G amended | 10.08% | 9.5M |
| 15 May 2026 | Hotchkis and Wiley Capital Management, LLC | 13G amended | 8.48% | 7.9M |
| 15 May 2026 | ORBIS INVESTMENT MANAGEMENT LTD | 13G amended | 9.8% | 9.0M |
| 17 Feb 2026 | ORBIS INVESTMENT MANAGEMENT LTD | 13G amended | 10.2% | 9.4M |
| 5 Dec 2025 | ORBIS INVESTMENT MANAGEMENT LTD | 13G amended | 10.1% | 9.4M |
| 14 Nov 2025 | Hotchkis and Wiley Capital Management, LLC | 13G | 6.56% | 6.2M |
| 14 Nov 2025 | ORBIS INVESTMENT MANAGEMENT LTD | 13G | 5.7% | 5.2M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 6.5M | -0.92% | 5.99 |
| 30 Sep 2026 | 6.6M | -8.6% | 4.17 |
| 15 Sep 2026 | 7.2M | -1.05% | 10.74 |
| 31 Aug 2026 | 7.3M | -1.93% | 6.93 |
| 14 Aug 2026 | 7.5M | +3.74% | 3.66 |
| 31 Jul 2026 | 7.2M | -1.6% | 24.18 |
| 15 Jul 2026 | 7.3M | -0.58% | 24.5 |
| 30 Jun 2026 | 7.3M | +2.12% | 11.6 |
Funds that hold it
From each fund's latest Form 13F.
119 funds held it at 30 Jun 2026: 49 added and 32 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Blantyre Capital Ltd | 27,144,639 | $103.1M | 0 |
| Hotchkis & Wiley Capital Management LLC | 9,451,093 | $35.9M | +1,553,240 |
| Orbis Allan Gray Ltd | 9,313,977 | $35.4M | +175,935 |
| BlackRock, Inc. | 5,771,528 | $21.9M | +422,582 |
| Vanguard Capital Management LLC | 3,221,372 | $12.2M | -6,999 |
| Wellington Management Group LLP | 3,220,165 | $12.2M | +444,984 |
| Geode Capital Management, LLC | 2,118,373 | $8.1M | +95,532 |
| Barclays PLC | 2,010,024 | $7.6M | -153,136 |
| Luxor Capital Group, LP | 1,960,660 | $7.5M | +139,923 |
| Dimensional Fund Advisors LP | 1,880,647 | $7.1M | -117,258 |
Peers
Companies in the same industry.
- Ibotta, Inc. (IBTA): revenue $343.2M, market value $1.1B
- Angi Inc. (ANGI): revenue $992.6M, market value $242.9M
- Fluent, Inc. (FLNT): revenue $202.1M, market value $109.5M