Natural Grocers By Vitamin Cottage, INC. (NGVC) — SEC Filings

Overview

Natural Grocers By Vitamin Cottage, INC. (NGVC) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-K filed on Dec 11, 2025: Natural Grocers by Vitamin Cottage, Inc. (NGVC) reported a market value of voting and non-voting common stock held by non-affiliates at $380,462,609 as of March 31, 2025. The company, a specialty retailer of natural and organic groceries and dietary supplements, expanded its store count to 169 store

Sentiment Summary

Across 21 filings, the sentiment breakdown is: 1 bullish, 19 neutral, 1 mixed. The dominant filing sentiment for Natural Grocers By Vitamin Cottage, INC. is neutral.

Filing Type Overview

Natural Grocers By Vitamin Cottage, INC. (NGVC) has filed 2 10-K, 9 8-K, 6 10-Q, 2 DEF 14A, 1 8-K/A, 1 SC 13G/A with the SEC between Jan 2024 to Dec 2025.

Filings by Year

2025 · 2024

Recent Filings (21)

• Natural Grocers Expands Footprint, Targets 4-5% Annual Store Growth — 10-K · Dec 11, 2025 Risk: medium
  Natural Grocers by Vitamin Cottage, Inc. (NGVC) reported a market value of voting and non-voting common stock held by non-affiliates at $380,462,609 as of March
• 8-K Filing — 8-K · Nov 20, 2025
• Natural Grocers Reports Officer and Director Changes — 8-K · Oct 29, 2025 Risk: medium
  Natural Grocers by Vitamin Cottage, Inc. filed an 8-K on October 29, 2025, reporting events that occurred on October 23, 2025. The filing pertains to the depart
• Natural Grocers' Revenue Climbs, Net Income Dips Amid Expansion Costs — 10-Q · Aug 7, 2025 Risk: medium
  Natural Grocers by Vitamin Cottage, Inc. (NGVC) reported a mixed performance for the nine months ended June 30, 2025. Revenue increased to $890.5 million, up fr
• Natural Grocers Files Q2 2025 10-Q — 10-Q · May 8, 2025 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed its 10-Q for the period ending March 31, 2025. The company reported financial results for the second quarter of f
• Natural Grocers Files 8-K on Fiscal Year Change — 8-K · Mar 11, 2025 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed an 8-K on March 11, 2025, reporting on events that occurred on March 5, 2025. The filing indicates a change in th
• Natural Grocers Files Q1 2025 10-Q — 10-Q · Feb 6, 2025 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed its 10-Q for the period ending December 31, 2024. The company reported on its financial performance for the first
• Natural Grocers Files 2025 Proxy Statement — DEF 14A · Jan 24, 2025 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed its definitive proxy statement (DEF 14A) on January 24, 2025, for its fiscal year ending September 30, 2025. The
• Natural Grocers Announces Board and Officer Changes — 8-K · Jan 7, 2025 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed an 8-K on January 7, 2025, reporting changes effective December 31, 2024. The filing details the departure of dir
• Natural Grocers Files 2024 10-K — 10-K · Dec 12, 2024 Risk: medium
  Natural Grocers by Vitamin Cottage, Inc. filed its 2024 10-K report on December 12, 2024, detailing its operations for the fiscal year ending September 30, 2024
• Natural Grocers Files 8-K — 8-K · Nov 21, 2024 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed an 8-K on November 21, 2024, reporting on its results of operations and other events. The filing indicates the co
• Natural Grocers Files 8-K: Director/Officer Changes & Financials — 8-K · Nov 6, 2024 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed an 8-K on November 6, 2024, reporting events as of October 31, 2024. The filing includes information regarding th
• Natural Grocers Files 8-K on Officer/Director Changes — 8-K · Oct 25, 2024 Risk: medium
  Natural Grocers by Vitamin Cottage, Inc. filed an 8-K on October 25, 2024, reporting events as of October 21, 2024. The filing pertains to the departure of dire
• Natural Grocers Files Q3 2024 10-Q — 10-Q · Aug 8, 2024 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed its Q3 2024 10-Q report on August 8, 2024, for the period ending June 30, 2024. The company's fiscal year ends on
• Natural Grocers Files 8-K: Board & Compensation Updates — 8-K · Jun 27, 2024 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed an 8-K on June 27, 2024, reporting changes in its board of directors and executive compensation arrangements. The
• Natural Grocers Files 8-K/A Amendment — 8-K/A · May 14, 2024 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed an 8-K/A on May 14, 2024, to amend a previous filing regarding matters submitted to a vote of security holders an
• Natural Grocers by Vitamin Cottage, Inc. Files 10-Q for Period Ending March 31, 2024 — 10-Q · May 9, 2024 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. (NGVC) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. The company filed a 10-Q report for the period endi
• Natural Grocers Files 8-K on Director Changes & Compensation — 8-K · Mar 12, 2024 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. filed an 8-K on March 12, 2024, reporting on the departure of a director, election of a new director, and changes to co
• Dimensional Fund Advisors Holds 1M Shares of Natural Grocers — SC 13G/A · Feb 9, 2024 Risk: low
  Dimensional Fund Advisors LP, a Delaware Limited Partnership, filed an amendment (SC 13G/A) on February 9, 2024, updating its beneficial ownership in Natural Gr
• Natural Grocers by Vitamin Cottage, Inc. Files 10-Q for Period Ending December 31, 2023 — 10-Q · Feb 8, 2024 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. (NGVC) filed a Quarterly Report (10-Q) with the SEC on February 8, 2024. Natural Grocers by Vitamin Cottage, Inc. filed
• Natural Grocers by Vitamin Cottage, Inc. Announces 2024 Annual Meeting of Stockholders — DEF 14A · Jan 25, 2024 Risk: low
  Natural Grocers by Vitamin Cottage, Inc. (NGVC) filed a Proxy Statement (DEF 14A) with the SEC on January 25, 2024. The 2024 Annual Meeting of Stockholders for

Risk Profile

Risk Assessment: Of NGVC's 20 recent filings, 0 were flagged as high-risk, 5 as medium-risk, and 15 as low-risk. The overall risk profile suggests relatively low risk with generally favorable filings.

Key Executives

• Margaret Isely
• Philip Isely
• Kemper Isely
• Zephyr Isely
• Heather Isely
• Elizabeth Isely

Industry Context

Natural Grocers operates in the highly competitive specialty retail sector, focusing on natural and organic groceries and dietary supplements. The industry is characterized by increasing consumer demand for health-conscious products, but also by intense competition from conventional supermarkets, mass merchandisers, and other niche retailers. Key trends include a growing emphasis on transparency in sourcing, sustainability, and personalized nutrition.

Top Tags

10-Q (5) · corporate-governance (5) · Natural Grocers (3) · officer-changes (3) · financials (3) · Retail Expansion (2) · director-changes (2) · compensation (2) · quarterly-report (2) · filing (2)

Key Numbers

• Aggregate market value of non-affiliate common stock: $380,462,609 — as of March 31, 2025, indicating significant public float
• Shares of common stock outstanding: 23,033,093 — as of December 8, 2025
• Total store count: 169 — as of September 30, 2025, showing consistent expansion
• Number of states with Natural Grocers stores: 21 — as of September 30, 2025, demonstrating geographic reach
• New stores opened in fiscal year 2025: 2 — reflecting recent growth
• New stores opened in fiscal year 2024: 4 — reflecting prior year's growth
• Planned new store openings in fiscal year 2026: 6-8 — indicating future expansion targets
• Target annual new store unit growth rate: 4%-5% — for the foreseeable future, signaling aggressive expansion
• Average SKUs of natural and organic products: 20,000 — per comparable store, highlighting extensive product offering
• Average SKUs of dietary supplements: 6,500 — per comparable store, emphasizing a key product category
• Revenue: $890.5M — Increased from $850.2M in prior year, showing top-line growth.
• Net Income: $18.3M — Decreased from $19.1M in prior year, indicating margin pressure.
• SG&A Expenses: $205.6M — Increased from $195.3M, reflecting higher operational and expansion costs.
• Capital Expenditures: $25.7M — Investment in property and equipment for new stores and infrastructure.
• Central Index Key: 0001547459 — Unique identifier for the company with the SEC.

Forward-Looking Statements

• {"claim":"Dimensional Fund Advisors LP will maintain a significant stake in Natural Grocers by Vitamin Cottage Inc. for the foreseeable future.","entity":"Dimensional Fund Advisors LP","targetDate":"December 29, 2024","confidence":"medium"}
• {"claim":"SG&A expenses will continue to be a significant factor impacting profitability in the next quarter.","entity":"Natural Grocers by Vitamin Cottage, Inc.","targetDate":"2024-03-31","confidence":"medium"}
• {"claim":"The company will need to implement cost-cutting measures or significantly boost sales to improve net income margins.","entity":"Natural Grocers by Vitamin Cottage, Inc.","targetDate":"2024-09-30","confidence":"medium"}

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