National CineMedia (NCMI) Financial Statements & Analysis

National CineMedia (NCMI) Income Statement

National CineMedia reported revenue of $243.20M in fiscal 2025 (fiscal year ended Jan 1, 2026), up 1.0% from $240.80M a year earlier. National CineMedia posted a net loss of $10.60M, compared with a net loss of $22.30M a year earlier. Gross margin was 45.9% and operating margin -5.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jul 2, 2026), revenue was $58.40M.

National CineMedia Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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National CineMedia, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	243.20	243.20	240.80	165.20	249.20	114.60	90.40	444.80	441.40	426.10
Cost of Revenue	129.50	131.50	125.60	80.10	117.90	76.90	43.50	134.50	132.40	124.70
Gross Profit	111.70	111.70	115.20	85.10	131.30	37.70	46.90	310.30	309.00	301.40
Operating Expenses
Research & Development	-	0.00	3.30	0.00	0.00	1.70	0.00	0.00	1.70	3.60
Selling, General & Administrative	85.60	87.70	92.30	86.90	87.10	70.70	68.50	108.70	114.80	109.90
Operating Expenses	125.60	125.60	134.70	112.40	124.40	106.30	105.80	149.00	154.70	147.50
Operating Income	-13.90	-13.90	-19.50	-27.30	6.90	-68.60	-58.90	161.30	154.30	153.90
Other Income/Expense
Interest Income	1.40	1.40	2.40	0.00	0.00	0.00	0.60	2.10	1.50	1.20
Interest Expense	-	0.60	1.70	27.90	79.70	64.80	-55.80	58.00	55.40	52.80
Other Income/Expense	-0.50	2.50	-3.30	724.00	-73.10	-49.80	152.70	-62.20	-50.60	140.90
Income
Income Before Tax	-10.60	-10.60	-22.10	696.70	-66.20	-118.40	35.90	99.10	103.70	294.80
Income Tax Expense	-	0.00	0.20	0.00	0.00	0.00	162.20	12.40	23.50	180.30
Net Income	-10.60	-10.60	-22.30	705.20	-28.70	-48.70	-65.40	36.10	29.80	58.30
Net Income - Continuous Operations	-	-10.60	-22.30	705.20	-28.70	-48.70	-65.40	36.10	29.80	58.30
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	25.80	27.90	22.00	750.10	45.00	-18.00	-54.30	197.40	199.00	385.20
EBIT	-9.80	-10.00	-20.40	724.60	13.50	-53.60	-58.90	-	-	-
Depreciation & Amortization	-	37.90	42.40	25.50	31.50	35.60	4.60	40.30	39.90	37.60
Earnings Per Share
Basic EPS	-	-	-	15.00	-3.00	-6.00	-8.00	5.00	4.00	5.00
Diluted EPS	-	-	-	15.00	-3.00	-6.00	-8.00	5.00	4.00	5.00
Basic Shares Outstanding	94.18	94.18	95.87	47.88	8.20	7.98	7.80	7.78	8.09	6.57
Diluted Shares Outstanding	94.18	94.18	95.87	48.57	8.20	7.99	7.80	7.78	8.09	6.57

Source: Company financial statements from annual and quarterly filings. Data as of Jul 2, 2026. Data sources and methodology

Frequently Asked Questions About National CineMedia Financial Statements

What was National CineMedia's revenue in fiscal 2025?

National CineMedia reported revenue of $243.20M in fiscal 2025 (fiscal year ended Jan 1, 2026). That was up 1.0% from $240.80M a year earlier.

Is National CineMedia profitable?

No. National CineMedia reported a net loss of $10.60M in fiscal 2025. In fiscal 2024 it lost $22.30M.

What is National CineMedia's operating margin?

National CineMedia's operating income was −$13.90M on revenue of $243.20M in fiscal 2025, an operating margin of -5.7%, compared with -8.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition