National CineMedia, Inc. (NCMI)

From the record

National CineMedia, Inc.'s filings since 2017 show 13 warning events of 5 kinds: a bankruptcy or receivership notice (8-K item 1.03, 3 times, the latest 2023-08-07); a debt default or acceleration notice (8-K item 2.04, 2 times, the latest 2023-04-12); a notice about its exchange listing (8-K item 3.01, 5 times, the latest 2023-06-15); an auditor change (8-K item 4.01, the latest 2024-03-22); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2023-03-29) (its current reports).

From the record

National CineMedia, Inc.'s 10 filed years say what it did: revenue went from $448 million in fiscal 2016 to $243 million in fiscal 2026, down 6.5% a year; it rose in 6 of 9 years; the deepest fall was 80% from fiscal 2016 to fiscal 2020; net income was positive in 5 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2026-01-01, National CineMedia, Inc.'s diluted share count grew about 125.1% a year, and dividends and buybacks returned about 76% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 23 sales (6 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-02 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2026-01-01, National CineMedia, Inc. lost about 3 cents for every dollar of shareholders' money, and gross profitability: its products earned about 47 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 23 cents per dollar of assets, and net share issuance: its share count shrank 1.8% over the year (the filed statements).

From the record

National CineMedia, Inc.'s standing among 15 graded names in its industry family: revenue of $243 million in fiscal 2026 ranks in the top 39% by size; a net margin of -4.4% ranks in the top 50%; revenue growth of -0.8% a year over the last 3 filed years ranks in the bottom 37% (its annual reports).

From the record

National CineMedia, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Lesinski, Thomas F. (Chief Executive Officer, as filed), filing under that title since 2019-08-05, 7.3 years (top 44% of its family); most of the 11 officers and directors filing now have filed since the record of its people begins (2023-08-16), a floor of 3.2 years the record cannot see past, so that part is not read; 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 14%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

National CineMedia, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $35 million against debt of $12 million leaves 4.6% of its assets as net cash, top 43% of its family; cash from operations less capital spending is 1.2% of revenue (top 50%); a gross margin of 94.7% (top 12%); research spending of 1.3% of revenue (bottom 6%) (its annual report).

From the record

National CineMedia, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew -0.8% a year over the last three filed years against -6.5% over all 10, speeding up (top 18% of its family); the newest year grew 1% (top 46%); research spending grew -12.3% a year (bottom 19%); capital spending grew 24.4% a year (top 41%) (its annual reports). National CineMedia, Inc. reported 4 product lines in fiscal 2025: National Advertising Revenue at $195 million (79%), Local Advertising Revenue at $35 million (14%), Founding Member Advertising Revenue From Beverage Concessionaire Agreements at $14 million (6%), and 1 more; 3 of 4 grew against the year before (its annual report).

From the record

National CineMedia, Inc.'s newest year against its own record: revenue of $243 million in fiscal 2026 came in 2.7% above the $237 million its prior three years' pace pointed to (top 29% of its family); net income of $11 million against a prior three-year average of $218 million (bottom 29%); a net margin of -4.4% against more than its whole revenue before (bottom 13%) (its annual reports).