# National CineMedia, Inc.: overview

NCMI · Nasdaq · CIK 1377630 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ncmi.md) · [Financials](/companies/ncmi/financials.md) · [Filings](/companies/ncmi/filings.md) · [Insiders](/companies/ncmi/insiders.md)

Latest reported revenue: [$58.4m](/filings/0001193125-26-344956.md) for Q2 FY2026, three months to 2026-07-02, from the 10-Q filed Aug 11, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-344956).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-26) | Q4 FY2024 (2024-12-26) | Q1 FY2025 (2025-03-27) | Q2 FY2025 (2025-06-26) | Q3 FY2025 (2025-09-25) | Q4 FY2025 (2026-01-01) | Q1 FY2026 (2026-04-02) | Q2 FY2026 (2026-07-02) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [62.4](/filings/0001193125-25-258597.md) | [86.3 d](/filings/0001193125-26-076788.md) | [34.9](/filings/0001193125-26-219502.md) | [51.8](/filings/0001193125-26-344956.md) | [63.4](/filings/0001193125-25-258597.md) | [93.2 d](/filings/0001193125-26-076788.md) | [34.0](/filings/0001193125-26-219502.md) | [58.4](/filings/0001193125-26-344956.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(12.0%)](/filings/0001193125-25-258597.md) | [23.1% d](/filings/0001193125-26-076788.md) | [(68.5%)](/filings/0001193125-26-219502.md) | [(23.2%)](/filings/0001193125-26-344956.md) | [(2.8%)](/filings/0001193125-25-258597.md) | [25.5% d](/filings/0001193125-26-076788.md) | [(79.1%)](/filings/0001193125-26-219502.md) | [(21.9%)](/filings/0001193125-26-344956.md) |
| Net margin | % | [(5.8%)](/filings/0001193125-25-258597.md) | [28.6% d](/filings/0001193125-26-076788.md) | [(88.0%)](/filings/0001193125-26-219502.md) | [(20.7%)](/filings/0001193125-26-344956.md) | [2.5%](/filings/0001193125-25-258597.md) | [31.4% d](/filings/0001193125-26-076788.md) | [(84.1%)](/filings/0001193125-26-219502.md) | [(17.0%)](/filings/0001193125-26-344956.md) |
| Diluted EPS | $ per share | [(0.04)](/filings/0001193125-25-258597.md) | not reported | [(0.32)](/filings/0001193125-26-219502.md) | [(0.11)](/filings/0001193125-26-344956.md) | [0.02](/filings/0001193125-25-258597.md) | not reported | [(0.31)](/filings/0001193125-26-219502.md) | [(0.11)](/filings/0001193125-26-344956.md) |
| Free cash flow | $m | [(2.6) d](/filings/0001193125-25-258597.md) | [28.1 d](/filings/0001193125-26-076788.md) | [5.3](/filings/0001193125-26-219502.md) | [(6.6) d](/filings/0001193125-26-344956.md) | [(2.0) d](/filings/0001193125-25-258597.md) | [6.1 d](/filings/0001193125-26-076788.md) | [17.8](/filings/0001193125-26-219502.md) | [(2.2) d](/filings/0001193125-26-344956.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-30) | FY2022 (2022-12-29) | FY2023 (2023-12-28) | FY2024 (2024-12-26) | FY2025 (2026-01-01) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [115](/filings/0001377630-23-000061.md) | [249](/filings/0001377630-24-000042.md) | [165](/filings/0001193125-26-076788.md) | [241](/filings/0001193125-26-076788.md) | [243](/filings/0001193125-26-076788.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(59.9%)](/filings/0001377630-23-000061.md) | [2.8%](/filings/0001377630-24-000042.md) | [(16.5%)](/filings/0001193125-26-076788.md) | [(8.1%)](/filings/0001193125-26-076788.md) | [(5.7%)](/filings/0001193125-26-076788.md) |
| Net margin | % | [(42.5%)](/filings/0001377630-23-000061.md) | [(11.5%)](/filings/0001377630-24-000042.md) | [426.9%](/filings/0001193125-26-076788.md) | [(9.3%)](/filings/0001193125-26-076788.md) | [(4.4%)](/filings/0001193125-26-076788.md) |
| Diluted EPS | $ per share | [(0.61)](/filings/0001377630-23-000061.md) | [(3.50)](/filings/0001377630-24-000042.md) | [14.34](/filings/0001193125-26-076788.md) | [(0.23)](/filings/0001193125-26-076788.md) | [(0.11)](/filings/0001193125-26-076788.md) |
| Free cash flow | $m | [(101)](/filings/0001377630-23-000061.md) | [(50.2)](/filings/0001377630-24-000042.md) | [(10.0)](/filings/0001193125-26-076788.md) | [54.5](/filings/0001193125-26-076788.md) | [2.8](/filings/0001193125-26-076788.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ncmi/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Blantyre Capital Ltd](/funds/1887451.md) | 2026-06-30 | $103.1m | 27,144,639 |  | Unchanged |
| [HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC](/funds/1164833.md) | 2026-06-30 | $35.9m | 9,451,093 |  | Added +1,553,240 |
| [Orbis Allan Gray Ltd](/funds/1663865.md) | 2026-06-30 | $35.4m | 9,313,977 |  | Added +175,935 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $21.9m | 5,771,528 |  | Added +422,582 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $12.2m | 3,221,372 |  | Reduced −6,999 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $12.2m | 3,220,165 |  | Added +444,984 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $8.1m | 2,118,373 |  | Added +95,532 |
| [BARCLAYS PLC](/funds/312069.md) | 2026-06-30 | $7.6m | 2,010,024 |  | Reduced −153,136 |
| [Luxor Capital Group, LP](/funds/1316580.md) | 2026-06-30 | $7.5m | 1,960,660 |  | Added +139,923 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $7.1m | 1,880,647 |  | Reduced −117,258 |

## Recent filings

[All 1,365 filings](/companies/ncmi/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-09 | 20:05 ET | [SCHEDULE 13D](/filings/0001193125-26-419074.md) | Ownership report, active investor | 0001193125-26-419074 |
| 2026-09-21 | 12:03 ET | [8-K](/filings/0001193125-26-396098.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 2.01 Completion of an acquisition or disposition; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-396098 |
| 2026-08-11 | 21:01 ET | [10-Q](/filings/0001193125-26-344956.md) | Quarterly report, period 2026-07-02 | 0001193125-26-344956 |
| 2026-08-11 | 20:11 ET | [8-K](/filings/0001193125-26-344665.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-344665 |
| 2026-08-11 | 20:10 ET | [8-K](/filings/0001193125-26-344631.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-344631 |
| 2026-05-12 | 20:17 ET | [10-Q](/filings/0001193125-26-219502.md) | Quarterly report, period 2026-04-02 | 0001193125-26-219502 |
| 2026-05-12 | 20:08 ET | [8-K](/filings/0001193125-26-219406.md) | 2.02 Results of operations; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-219406 |
| 2026-03-27 | 12:22 ET | [8-K](/filings/0001193125-26-127652.md) | 5.03 Amendment to articles or bylaws; 9.01 Financial statements and exhibits | 0001193125-26-127652 |
| 2026-03-27 | 12:10 ET | [DEF 14A](/filings/0001193125-26-127632.md) | Proxy statement, period 2026-03-26 | 0001193125-26-127632 |
| 2026-02-27 | 12:49 ET | [8-K/A](/filings/0001193125-26-079273.md) | 2.02 Results of operations | 0001193125-26-079273 |

## Latest annual report

[Form 10-K for the fiscal year ended Jan 1, 2026](/filings/0001193125-26-076788.md), filed Feb 26, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1377630
- Tickers: NCMI
- Exchange: Nasdaq
- SIC code: 7310 Services-Advertising
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:38 ET. No prices; not investment advice.