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Financials · NL

NLI Holdings Inc. (NL) financials

For the twelve months ended Sep 30, 2026, NLI Holdings Inc. reported $165.87M of revenue and -$4.94M of net income.

Revenue, TTM
$165.87M
Revenue growth, YoY
+4.3%
Net income, TTM
-$4.94M
Net margin
-3.0%
Free cash flow, TTM
$9.60M
Cash
$111.19M
P/S
2.11
Market cap
$349.6M
Annual revenue$158.28M
FY2016FY2025
Annual net income-$37.83M
FY2016FY2025
Annual free cash flow-$40.15M
FY2016FY2025

NL revenue and earnings growth

NL revenueQ3 2026$43.99M

Quarter YoY
+10.1%
QoQ
+0.9%
FY YoY
+8.5%
5Y CAGR
+6.7%
10Y CAGR
+3.8%

NL revenue was $43.99M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.1% from a year earlier and up 0.9% from the prior quarter. For the full fiscal 2025 it was $158.28M, up 8.5% from fiscal 2024. Compound annual growth was +6.7% over 5 years and +3.8% over 10 years. It rose in 6 of the last 10 fiscal years.

NL net incomeQ3 2026$12.74M

QoQ
+42.3%

NL net income was $12.74M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$7.87M a year earlier and up 42.3% from the prior quarter. For the full fiscal 2025 it was -$37.83M, compared with $67.23M in fiscal 2024.

NL EPSQ3 2026$0.26

NL diluted EPS was $0.26 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.16 a year earlier. For the full fiscal 2025 it was -$0.77, compared with $1.38 in fiscal 2024.

NL free cash flowQ3 2026$8.45M

Quarter YoY
+21.5%
QoQ
-14.2%

NL free cash flow was $8.45M in fiscal Q3 2026 (ended Sep 30, 2026), up 21.5% from a year earlier and down 14.2% from the prior quarter. For the full fiscal 2025 it was -$40.15M, compared with $24.14M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$158.28M$145.94M$161.29M$166.56M$140.81M$114.54M$124.24M$118.22M$112.03M$108.92M
Cost of revenue$110.11M$104.58M$112.07M$117.76M$98.07M$81.69M$85.28M$79.95M$77.21M$73.75M
Gross profit$48.18M$41.36M$49.22M$48.80M$42.75M$32.85M$38.96M$38.27M$34.83M$35.17M
Research and development$0$0$0$0$0$0$0$0$0$0
Selling, general and admin$25.57M$24.34M$23.78M$23.36M$22.22M$21.03M$21.30M$20.46M$19.59M$19.59M
Operating income$10.68M$37.88M$14.13M$13.73M$10.49M$2.36M-$1.61M-$60.67M$1.70M-$715.0K
Interest expense$767.0K$530.0K$746.0K$941.0K$1.14M$1.35M$681.0K$37.0K$30.0K$4.0K
Pre-tax income-$51.42M$83.32M-$6.42M$39.24M$60.84M$13.59M$28.61M-$54.37M$112.19M$13.92M
Income tax-$16.05M$14.06M-$7.00M$2.79M$7.48M-$2.52M$579.0K-$15.36M-$5.63M-$2.78M
Net income-$37.83M$67.23M-$2.31M$33.84M$51.19M$14.68M$25.84M-$41.02M$116.10M$15.32M
EPS, basic-$0.77$1.38-$0.05$0.69$1.05$0.30$0.53-$0.84$2.38$0.31
EPS, diluted-$0.77$1.38-$0.05$0.69$1.05$0.30$0.53-$0.84$2.38$0.31
Diluted shares48.9M48.8M48.8M48.8M48.8M48.8M48.7M48.7M48.7M48.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$110.61M$163.15M$111.52M$68.87M$147.00M$137.04M$129.73M$116.26M$98.32M$98.24M
Short-term investments--$53.15M$70.16M------
Inventory$30.41M$28.37M$30.71M$31.29M$25.64M$18.34M$18.35M$17.10M$15.38M$14.97M
Current assets$159.90M$237.96M$218.26M$193.97M$193.65M$171.16M$164.68M$166.64M$130.67M$123.50M
Goodwill$27.16M$27.16M$27.16M$27.16M$27.16M$27.16M$27.16M$27.16M$27.16M$27.16M
Total assets$464.22M$578.26M$576.66M$609.87M$596.15M$548.15M$557.49M$547.24M$551.62M$384.99M
Current liabilities$20.58M$91.06M$30.45M$32.05M$30.60M$27.51M$29.81M$81.32M$19.58M$30.74M
Total liabilities$87.43M$162.35M$184.90M$207.12M$211.18M$212.80M$230.28M$243.68M$198.54M$190.72M
Shareholders' equity$358.77M$415.90M$391.76M$402.75M$384.97M$335.35M$327.21M$303.56M$353.08M$194.27M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$36.40M$25.57M$37.00M$26.93M$17.61M$19.02M$27.43M$17.08M$18.64M$27.70M
Capital expenditures$3.75M$1.43M$1.13M$3.69M$4.09M$1.74M$3.17M$3.12M$2.81M$3.21M
Free cash flow-$40.15M$24.14M$35.87M$23.24M$13.52M$17.28M$24.27M$13.96M$15.83M$24.49M
Investing cash flow-$2.44M$58.87M$22.10M-$67.87M$6.71M-$3.14M$9.92M$1.31M-$13.61M-$30.61M
Financing cash flow-$31.30M-$41.63M-$15.23M-$36.80M-$14.35M-$8.48M-$470.0K-$335.0K-$333.0K$168.0K
Dividends paid$17.60M$15.60M$13.70M$13.70M$11.70M$7.80M$0$0$0-
Depreciation and amortization$3.65M$3.69M$3.97M$3.98M$3.84M$3.83M$3.69M$3.48M$3.73M$3.77M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY8.5%-9.5%-3.2%18.3%22.9%-7.8%5.1%5.5%2.9%-0.1%
Net income growth, YoY----33.9%248.7%-43.2%--657.6%-
EPS growth, YoY----34.3%250.0%-43.4%--667.7%-
Gross margin30.4%28.3%30.5%29.3%30.4%28.7%31.4%32.4%31.1%32.3%
Operating margin6.7%26.0%8.8%8.2%7.5%2.1%-1.3%-51.3%1.5%-0.7%
Net margin-23.9%46.1%-1.4%20.3%36.4%12.8%20.8%-34.7%103.6%14.1%
Free cash flow margin-25.4%16.5%22.2%14.0%9.6%15.1%19.5%11.8%14.1%22.5%
Return on equity-10.5%16.2%-0.6%8.4%13.3%4.4%7.9%-13.5%32.9%7.9%
Return on assets-8.1%11.6%-0.4%5.5%8.6%2.7%4.6%-7.5%21.0%4.0%
Current ratio7.772.617.176.056.336.225.522.056.674.02

Source: XBRL data NLI Holdings Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NL$165.87M+4.3%-$4.94M-3.0%$349.6M
LIN$36.24B+8.2%$7.01B19.3%$239.54B
APD$12.60B+4.5%-$47.30M-0.4%$69.53B
DOW$42.61B+4.2%-$897.00M-2.1%$22.78B
IFF$11.69B+24.3%$182.00M1.6%$20.83B
DD$7.06B+3.2%$301.00M4.3%$20.79B
LYB$31.96B+3.5%$1.30B4.1%$19.59B
ALB$6.15B+24.4%$681.63M11.1%$11.20B
SOLS$4.17B+9.4%$325.00M7.8%$10.22B

NL FAQ

8 questions
  • What is NL revenue?
    NLI Holdings Inc. (NL) reported $165.87M of revenue for the twelve months ended Sep 30, 2026. That is up 4.3% from the year before. Revenue for fiscal 2025 was $158.28M.
  • Is NL profitable?
    No. NLI Holdings Inc. reported a net loss of $4.94M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does NL have?
    NLI Holdings Inc. reported $111.19M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is NL revenue growing?
    NLI Holdings Inc.'s revenue changed +8.5% in fiscal 2025, to $158.28M. Its compound annual growth rate was +6.7% over 5 years and +3.8% over 10 years.
  • What is NL gross margin?
    NLI Holdings Inc.'s gross profit was $53.91M on $165.87M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 32.5%.
  • What is NL free cash flow?
    NLI Holdings Inc. generated $9.60M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $13.27M less capital expenditures.
  • When did NL last report financial results?
    The latest statements here come from NLI Holdings Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this NL financial data come from?
    Quantisnow builds these statements from the structured XBRL data NLI Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.