National Research Corporation Q3 2025 Earnings Release

National Research Corporation (NRC) announced its financial and operating results for the third quarter ended September 30, 2025. The company reported a total revenue of $34.6 million, a 2% increase quarter-over-quarter. GAAP net income was $4.1 million, representing 12% of revenue, while Adjusted Net Income was $5.0 million, or 14% of revenue. Adjusted EBITDA increased by 11% year-over-year to $10.9 million, representing 31% of revenue. The company also reported a Total Recurring Contract Value (TRCV) of $141.7 million, an 8% increase year-over-year. NRC repurchased 618,264 shares during the quarter and declared a quarterly cash dividend of $0.16 per share, a 33% increase from the previous quarter. The company highlighted strong sales and improved customer retention as key drivers of its performance.