Northern Technologies International Corporation (NTIC) — Financial statements
Income statement, balance sheet, and cash flow for Northern Technologies International Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 84↓1.0% | 85↑6.5% | 80↑7.7% | 74↑31.3% | 56 | |
| Cost of Revenue | 53↑2.5% | 51↓1.6% | 52↑2.0% | 51↑38.4% | 37 | |
| Gross Profit | 32↓6.2% | 34↑21.5% | 28↑20.5% | 23↑17.9% | 20 | |
| Operating Expenses | ||||||
| R&D Expenses | 5↑4.9% | 5↓3.3% | 5↑4.0% | 5↑8.5% | 4 | |
| General & Administrative Expenses | 15 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 18 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 33↑6.6% | 31↑7.5% | 28↑21.0% | 24↑16.0% | 20 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 38↑6.4% | 35↑5.9% | 33↑18.1% | 28↑14.7% | 25 | |
| Total Costs & Expenses | 90↑4.1% | 87↑1.3% | 86↑7.7% | 79↑28.9% | 62 | |
| Operating Results | ||||||
| Operating Income | -6↓271.9% | -2↑71.4% | -6↓7.5% | -5↓2.4% | -5 | |
| Depreciation & Amortization | 2↑0.2% | 2↑7.5% | 2↑4.0% | 2↑41.5% | 1 | |
| EBITDA | 5↓44.7% | 10↑26.8% | 8↓28.3% | 11↑11.8% | 10 | |
| EBIT | 4↓54.5% | 8↑32.0% | 6↓33.9% | 9↑8.0% | 8 | |
| Interest & Other Income | ||||||
| Net Interest Income | -0.29↓31.9% | -0.22↑48.9% | -0.43↓987.2% | -0.04↓129.4% | 0.14 | |
| Interest Income | 0.31↑159.2% | 0.12↑317.1% | 0.03↓42.1% | 0.05↓67.6% | 0.15 | |
| Interest Expense | 0.60↑76.4% | 0.34↓26.3% | 0.46↑418.3% | 0.09↑453.9% | 0.02 | |
| Non-Operating Income | -10↓0.1% | -10↑17.8% | -12↑18.8% | -14↓5.9% | -14 | |
| Other Income / Expenses | 9↓2.7% | 9↓17.4% | 11↓21.6% | 14↑5.3% | 14 | |
| Income Before Tax | 3↓60.4% | 8↑36.9% | 6↓38.3% | 9↑7.1% | 8 | |
| Income Tax Expense | 2↑54.2% | 1↓1.8% | 1↓28.0% | 2↑28.2% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 0.99↓84.4% | 6↑49.2% | 4↓41.0% | 7↑2.7% | 7 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 0.02↓99.7% | 5↑85.7% | 3↓54.0% | 6↑0.7% | 6 | |
| Bottom-Line Net Income | 0.02↓99.7% | 5↑85.7% | 3↓54.0% | 6↑0.7% | 6 | |
| EPS (Basic) | 0.00↓99.7% | 0.57↑83.9% | 0.31↓55.1% | 0.69↑0.0% | 0.69 | |
| EPS (Diluted) | 0.00↓99.7% | 0.55↑83.3% | 0.30↓54.5% | 0.66↑3.1% | 0.64 | |
| Weighted Average Shares | 9↓3.6% | 10↑5.1% | 9↑1.6% | 9↑1.1% | 9 | |
| Weighted Average Diluted Shares | 10↓2.0% | 10↑1.4% | 10↑0.6% | 10↓2.4% | 10 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.