Every 10-Q that National Cinemedia Inc (NCMI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NCMI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NCMI filings page.
National CineMedia, Inc. reported higher cinema advertising revenue but continued net losses for the quarter and six months ended July 2, 2026. Revenue rose to $58.4 million from $51.8 million in the prior-year quarter, and to $92.4 million from $86.6 million for the first half, driven by growth in national and local/regional advertising and contributions from the Spotlight acquisition.
The company posted a quarterly operating loss of $12.8 million and net loss of $9.9 million, with a first-half net loss of $38.6 million. However, operating cash flow improved sharply to $16.6 million for the six months, compared with $1.1 million a year earlier, supported by working-capital improvements. Cash and restricted cash totaled $46.1 million, and long-term debt under the 2025 Credit Facility remained $12.0 million, with ample covenant headroom.
Management launched a 2026 Transformation Initiative, eliminating about 10% of the workforce and incurring severance, vendor termination fees and consulting costs to increase efficiencies and automation. The company also continues to integrate the Spotlight Cinema Networks acquisition and, subsequent to quarter end, agreed to acquire Captivate for $275.0 million, to be financed with a new five-year term loan and revolving credit facility, expanding its digital out-of-home screen network beyond theaters.
National CineMedia, Inc. reported Q1 2026 revenue of $34.0 million, slightly below $34.9 million a year earlier, while attendance rose to 83.2 million from 72.3 million screens across 18,871 screens. Net loss narrowed modestly to $28.6 million from $30.7 million, or $(0.31) per share.
Operating loss widened to $26.9 million as network and theater fees increased, and Adjusted OIBDA declined to $(10.5 million), a margin of (30.9%). However, cash generation improved: net cash provided by operating activities rose to $18.1 million from $6.0 million, lifting cash and restricted cash to $51.6 million as of April 2, 2026.
The company launched a 2026 Transformation Initiative, cutting 9.3% of its workforce, accruing $2.6 million of vendor termination fees, and recording $1.0 million of severance and $1.1 million of consulting costs in the quarter. NCM also integrated its November 2025 Spotlight acquisition, which contributed $1.6 million of revenue and a $0.6 million net loss, maintained modest revolver borrowings of $12.0 million under its 2025 Credit Facility, and continued returning capital through a $0.03 per share dividend and share repurchases.
National CineMedia (NCMI) reported a return to quarterly profitability. Revenue was $63.4 million, up slightly year over year, and operating loss narrowed to $1.8 million from $7.5 million. Net income reached $1.6 million versus a loss a year ago, aided by non‑operating items including re‑measurement of the tax receivable agreement.
For the first nine months, revenue was $150.0 million with a net loss of $39.9 million. Cash and cash equivalents were $29.9 million, and the company reported no long‑term debt after repaying and terminating its 2023 revolver. A new $45.0 million senior secured revolving credit facility was established in January 2025 with no borrowings outstanding at quarter‑end.
NCM updated its AMC relationship in April 2025, extending the exhibitor services agreement, waiving certain payments under the TRA, and adjusting consideration; the net effect reduced intangible assets and is expected to lower amortization expense over the remaining term. The company repurchased $18.8 million of stock year‑to‑date and declared a $0.03 per‑share dividend in the quarter. As of October 28, 2025, 93,831,167 common shares were outstanding.