Natural Grocers by Vitamin Cottage, Inc.
Financial highlights
| Metric | FY September 30, 2025 | FY September 30, 2024 | FY September 30, 2023 | FY September 30, 2022 | FY September 30, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.1B | $1.1B | $1.1B |
| Gross profit | $397.9M | $364.8M | $326.9M | $304.9M | $292.2M |
| Operating income | $62.0M | $47.0M | $31.7M | $30.2M | $28.3M |
| Operating expenses | $316.7M | $296.4M | $274.2M | — | — |
| Cash from operations | $55.3M | $73.8M | $64.6M | $39.7M | $53.9M |
| Capital expenditure | $31.2M | $37.5M | $36.6M | $28.0M | $26.4M |
| Free cash flow | $24.1M | $36.2M | $28.0M | $11.7M | $27.5M |
| Share repurchases | $0 | $0 | $181,000 | $0 | $0 |
| Impairments | $100,000 | $2.2M | $1.3M | $2.9M | $1.1M |
| Total assets | $670.5M | $655.5M | $669.2M | $663.1M | $655.1M |
| Total liabilities | $458.1M | $481.2M | $498.3M | $507.3M | $512.3M |
Shares outstanding 23.0M · Free float 22.3%
Annual filing data through FY ended September 30, 2025; float as of June 27, 2026.