Natural Grocers by Vitamin Cottage annual operating expenses
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Natural Grocers by Vitamin Cottage Operating Expenses Growth & History (NGVC)
Natural Grocers by Vitamin Cottage's operating expenses was $316.7M for fiscal 2025.
View full Natural Grocers by Vitamin Cottage company overviewNatural Grocers by Vitamin Cottage annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | $316.7M | $20.3M | +6.84% |
| 2024 | 2024-09-30 | $296.4M | $22.2M | +8.10% |
| 2023 | 2023-09-30 | $274.2M | −$559,000 | −0.20% |
| 2022 | 2022-09-30 | $274.7M | $10.9M | +4.12% |
| 2021 | 2021-09-30 | $263.9M | $8.5M | +3.32% |
| 2020 | 2020-09-30 | $255.4M | $33.4M | +15.05% |
| 2019 | 2019-09-30 | $222.0M | $11.5M | +5.45% |
| 2018 | 2018-09-30 | $210.5M | $12.3M | +6.20% |
| 2017 | 2017-09-30 | $198.2M | $16.8M | +9.29% |
| 2016 | 2016-09-30 | $181.4M | $27.9M | +18.20% |
| 2015 | 2015-09-30 | $153.5M | $26.2M | +20.60% |
| 2014 | 2014-09-30 | $127.3M | $20.6M | +19.32% |
| 2013 | 2013-09-30 | $106.6M | $19.6M | +22.49% |
| 2012 | 2012-09-30 | $87.1M | $17.1M | +24.43% |
| 2011 | 2011-09-30 | $70.0M | — | — |
Natural Grocers by Vitamin Cottage quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $83.0M | $320,000 | +0.39% |
| Q2 2026 | 2026-03-31 | $79.3M | $78,000 | +0.10% |
| Q1 2026 | 2025-12-31 | $78.8M | −$1.5M | −1.89% |
| Q4 2025 | 2025-09-30 | $74.4M | $12.6M | +20.35% |
| Q3 2025 | 2025-06-30 | $82.7M | $5.2M | +6.72% |
| Q2 2025 | 2025-03-31 | $79.2M | $104,000 | +0.13% |
| Q1 2025 | 2024-12-31 | $80.3M | $2.4M | +3.05% |
| Q4 2024 | 2024-09-30 | $61.8M | — | — |
| Q3 2024 | 2024-06-30 | $77.5M | $5.2M | +7.16% |
| Q2 2024 | 2024-03-31 | $79.1M | $5.0M | +6.82% |
| Q1 2024 | 2023-12-31 | $78.0M | — | — |
| Q3 2023 | 2023-06-30 | $72.3M | $4.4M | +6.48% |
| Q2 2023 | 2023-03-31 | $74.0M | $6.1M | +9.02% |
| Q4 2022 | 2022-09-30 | $72.2M | $5.8M | +8.68% |
| Q3 2022 | 2022-06-30 | $67.9M | $3.4M | +5.29% |
| Q2 2022 | 2022-03-31 | $67.9M | $2.8M | +4.30% |
| Q1 2022 | 2021-12-31 | $66.7M | −$1.1M | −1.64% |
| Q4 2021 | 2021-09-30 | $66.4M | −$1.0M | −1.53% |
| Q3 2021 | 2021-06-30 | $64.5M | −$1.2M | −1.83% |
| Q2 2021 | 2021-03-31 | $65.1M | $555,000 | +0.86% |
| Q1 2021 | 2020-12-31 | $67.8M | $10.1M | +17.59% |
| Q4 2020 | 2020-09-30 | $67.5M | $11.3M | +20.04% |
| Q3 2020 | 2020-06-30 | $65.7M | $11.1M | +20.34% |
| Q2 2020 | 2020-03-31 | $64.6M | $8.5M | +15.11% |
| Q1 2020 | 2019-12-31 | $57.7M | $2.6M | +4.66% |
| Q4 2019 | 2019-09-30 | $56.2M | $2.3M | +4.36% |
| Q3 2019 | 2019-06-30 | $54.6M | $1.5M | +2.86% |
| Q2 2019 | 2019-03-31 | $56.1M | $3.5M | +6.57% |
| Q1 2019 | 2018-12-31 | $55.1M | $4.1M | +8.13% |
| Q4 2018 | 2018-09-30 | $53.8M | $3.3M | +6.62% |
| Q3 2018 | 2018-06-30 | $53.1M | $2.0M | +3.85% |
| Q2 2018 | 2018-03-31 | $52.6M | $4.0M | +8.21% |
| Q1 2018 | 2017-12-31 | $51.0M | $3.0M | +6.21% |
| Q4 2017 | 2017-09-30 | $50.5M | $2.8M | +5.83% |
| Q3 2017 | 2017-06-30 | $51.1M | $4.2M | +8.93% |
| Q2 2017 | 2017-03-31 | $48.6M | $3.5M | +7.73% |
| Q1 2017 | 2016-12-31 | $48.0M | $6.4M | +15.35% |
| Q4 2016 | 2016-09-30 | $47.7M | $6.5M | +15.78% |
| Q3 2016 | 2016-06-30 | $46.9M | $8.0M | +20.58% |
| Q2 2016 | 2016-03-31 | $45.2M | $7.7M | +20.45% |
| Q1 2016 | 2015-12-31 | $41.6M | $5.7M | +16.03% |
| Q4 2015 | 2015-09-30 | $41.2M | $8.1M | +24.38% |
| Q3 2015 | 2015-06-30 | $38.9M | $6.4M | +19.62% |
| Q2 2015 | 2015-03-31 | $37.5M | $5.9M | +18.49% |
| Q1 2015 | 2014-12-31 | $35.9M | $5.9M | +19.71% |
| Q4 2014 | 2014-09-30 | $33.1M | $4.2M | +14.62% |
| Q3 2014 | 2014-06-30 | $32.5M | $5.1M | +18.78% |
| Q2 2014 | 2014-03-31 | $31.6M | $5.3M | +20.29% |
| Q1 2014 | 2013-12-31 | $30.0M | $5.9M | +24.55% |
| Q4 2013 | 2013-09-30 | $28.9M | $4.1M | +16.59% |
| Q3 2013 | 2013-06-30 | $27.4M | $6.0M | +27.86% |
| Q2 2013 | 2013-03-31 | $26.3M | $5.0M | +23.67% |
| Q1 2013 | 2012-12-31 | $24.0M | $4.5M | +22.82% |
| Q4 2012 | 2012-09-30 | $24.8M | — | — |
| Q3 2012 | 2012-06-30 | $21.4M | — | — |
| Q2 2012 | 2012-03-31 | $21.3M | — | — |
| Q1 2012 | 2011-12-31 | $19.6M | — | — |
Natural Grocers by Vitamin Cottage operating expenses trends
Over the last five fiscal years, Natural Grocers by Vitamin Cottage's operating expenses increased from $255.4M to $316.7M, a change of $61.3M. The latest reported quarter, Q3 2026, shows $83.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Natural Grocers by Vitamin Cottage source filings ↗