NODK (NODK) financial statements
NODK reported revenue of $285M in fiscal 2025, up 77.1% a year over 9 years.
Net income was -$10M.
Free cash flow was -$15M, and the company returned $7M in dividends.
The diluted share count fell 7% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NODK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2M | $2M | $6M | $2M | $2M | $2M | $1M | $304M | $325M | $285M |
| Gross profit | $34M | $57M | $77M | $77M | $115M | $83M | $30M | $106M | $103M | $70M |
| Pre-tax income | $6M | $22M | $39M | $34M | $53M | $11M | -$53M | $21M | $10M | -$12M |
| Income tax | $1M | $6M | $8M | $7M | $11M | $3M | -$14M | $716,000 | $4M | -$2M |
| Net income | $5M | $16M | $31M | $26M | $40M | $8M | -$53M | -$5M | -$6M | -$10M |
| EPS (diluted) | — | $0.71 | $1.39 | $1.19 | $1.84 | $0.39 | -$2.49 | -$0.26 | -$0.29 | -$0.50 |
| Diluted shares | — | 23M | 22M | 22M | 22M | 22M | 21M | 21M | 21M | 21M |
| Gross margin | 2055.7% | 3443.8% | 1179.7% | 3610.7% | 6395.8% | 4687.9% | 2064.0% | 34.7% | 31.6% | 24.5% |
| Net margin | 273.2% | 970.3% | 478.5% | 1242.4% | 2242.6% | 474.1% | -3654.2% | -1.8% | -1.9% | -3.7% |
Balance sheet
Fiscal years, from NODK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $19M | $28M | $69M | $63M | $102M | $71M | $48M | $42M | $51M | $52M |
| Receivables | — | — | — | — | — | — | $62M | $56M | $53M | $42M |
| Property, plant and equipment | $5M | $6M | $7M | $8M | $10M | $10M | $10M | $10M | $8M | $7M |
| Goodwill | $3M | $3M | $5M | $3M | $9M | $9M | $9M | $3M | — | — |
| Total assets | $279M | $377M | $458M | $508M | $618M | $652M | $614M | $655M | $527M | $506M |
| Long-term debt | $5M | $5M | $5M | $5M | $5M | $5M | — | — | — | — |
| Total liabilities | $125M | $121M | $183M | $198M | $269M | $304M | $361M | $404M | $282M | $266M |
| Shareholders' equity | $153M | $256M | $276M | $310M | $349M | $347M | $253M | $250M | $245M | $240M |
| Net debt | -$13M | -$23M | -$64M | -$57M | -$96M | -$66M | -$47M | -$41M | -$51M | -$52M |
Cash flow
Fiscal years, from NODK's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7M | $18M | $21M | $26M | $51M | $29M | -$15M | $51M | $39M | -$15M |
| Capital spending | $548,000 | $1M | $2M | $1M | $616,000 | $739,000 | $878,000 | $661,000 | $991,000 | $217,000 |
| Free cash flow | $7M | $17M | $19M | $24M | $50M | $28M | -$16M | $50M | $38M | -$15M |
| Stock-based compensation | — | $423,000 | $1M | $2M | $2M | $2M | -$40,000 | $1M | $238,000 | $828,000 |
| Dividends paid | — | — | — | — | — | — | — | — | $8M | $7M |
| Share buybacks (net) | — | — | — | — | -$12M | -$4M | -$4M | — | — | — |
| Free cash flow margin | 405.7% | 1037.1% | 298.7% | 1147.1% | 2798.1% | 1601.6% | -1113.0% | 16.6% | 11.5% | -5.4% |
| Dividends per share | — | — | — | — | — | — | — | — | $0.39 | $0.32 |
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Open NODK in InvestinglyQuestions
What was NODK's revenue in 2025?
$285M in fiscal 2025, from its 10-K filing.
How much free cash flow does NODK generate?
-$15M in fiscal 2025 (operating cash flow minus capital spending).
From NODK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.