NTIC
Northern Technologies
NASDAQ: NTIC · BASIC MATERIALS · SPECIALTY CHEMICALS
$8.00
+0.50% today
Updated 2026-04-30
Market cap
$76.22M
P/E ratio
—
P/S ratio
0.86x
EPS (TTM)
$-0.09
Dividend yield
0.50%
52W range
$7 – $10
Volume
0.0M
Northern Technologies (NTIC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.60M | $16.83M | $12.69M | $8.58M | $14.39M | $19.53M | $22.78M | $22.50M | $26.83M | $30.32M | $32.93M | $39.57M | $51.42M | $55.75M | $47.64M | $56.49M | $74.16M | $79.90M | $85.06M | $84.23M |
| Revenue growth (YoY) | — | +1.3% | -24.6% | -32.4% | +67.8% | +35.7% | +16.7% | -1.2% | +19.2% | +13.0% | +8.6% | +20.1% | +30.0% | +8.4% | -14.5% | +18.6% | +31.3% | +7.7% | +6.5% | -1.0% |
| Cost of revenue | $10.35M | $10.80M | $7.64M | $5.62M | $9.38M | $12.77M | $14.53M | $15.47M | $17.80M | $20.56M | $22.32M | $26.32M | $34.17M | $37.97M | $31.61M | $36.92M | $51.09M | $52.10M | $51.27M | $52.56M |
| Gross profit | $6.26M | $6.03M | $5.05M | $2.95M | $5.00M | $6.76M | $8.25M | $7.03M | $9.02M | $9.77M | $10.61M | $13.25M | $17.26M | $17.78M | $16.03M | $19.57M | $23.07M | $27.80M | $33.79M | $31.68M |
| Gross margin | 37.7% | 35.8% | 39.8% | 34.5% | 34.8% | 34.6% | 36.2% | 31.2% | 33.6% | 32.2% | 32.2% | 33.5% | 33.6% | 31.9% | 33.6% | 34.6% | 31.1% | 34.8% | 39.7% | 37.6% |
| R&D | $296676.00 | $229988.00 | $174711.00 | $14639.00 | $3.33M | $4.36M | $3.88M | $3.82M | $4.37M | $4.05M | $4.72M | $2.91M | $3.52M | $3.82M | $3.98M | $4.40M | $4.78M | $4.97M | $4.80M | $5.04M |
| SG&A | $5.87M | $6.30M | $6.63M | $2.80M | $4.80M | $4.34M | $5.36M | $4.61M | $5.39M | $6.53M | $7.23M | $7.81M | $8.50M | $9.35M | $8.69M | $8.26M | $10.60M | $13.17M | $14.18M | $14.79M |
| Operating income | $91585.00 | $-497622.00 | $-1.76M | $-2.29M | $-6.19M | $-7.04M | $-5.57M | $-7.63M | $-7.37M | $-8.50M | $-5.19M | $-6.75M | $-5.65M | $-6.36M | $-7.12M | $-5.11M | $-5.23M | $-5.62M | $-1.61M | $-5.97M |
| Operating margin | 0.6% | -3.0% | -13.8% | -26.7% | -43.0% | -36.1% | -24.5% | -33.9% | -27.5% | -28.0% | -15.8% | -17.1% | -11.0% | -11.4% | -14.9% | -9.0% | -7.1% | -7.0% | -1.9% | -7.1% |
| EBITDA | $2.41M | $4.02M | $3.32M | $-3.00M | $3.01M | $5.26M | $5.13M | $6.18M | $7.25M | $3.81M | $220118.00 | $5.55M | $9.22M | $7.77M | $2.82M | $9.58M | $10.72M | $7.68M | $9.74M | $5.39M |
| EBITDA margin | 14.5% | 23.9% | 26.2% | -35.0% | 20.9% | 26.9% | 22.5% | 27.5% | 27.0% | 12.5% | 0.7% | 14.0% | 17.9% | 13.9% | 5.9% | 17.0% | 14.5% | 9.6% | 11.5% | 6.4% |
| EBIT | $2.06M | $3.55M | $2.82M | $-3.52M | $2.48M | $4.76M | $4.65M | $5.67M | $6.71M | $3.19M | $-558922.00 | $4.64M | $8.12M | $6.67M | $1.76M | $8.47M | $9.15M | $6.05M | $7.99M | $3.63M |
| Interest expense | $94751.00 | $164372.00 | $123874.00 | $132411.00 | $97676.00 | $59541.00 | $29388.00 | $52215.00 | $47322.00 | $20960.00 | $13261.00 | $20382.00 | $17962.00 | $13567.00 | $16034.00 | $16086.00 | $89096.00 | $461805.00 | $340129.00 | $599927.00 |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.72M | $3.22M | $2.55M | $-3.34M | $2.63M | $3.90M | $3.45M | $3.37M | $4.11M | $1.79M | $-867514.00 | $3.42M | $6.70M | $5.21M | $-1.34M | $6.28M | $6.32M | $2.91M | $5.41M | $17619.00 |
| Net income growth (YoY) | — | +87.5% | -20.8% | -231.0% | +178.7% | +48.2% | -11.6% | -2.4% | +22.0% | -56.4% | -148.5% | +494.5% | +95.8% | -22.3% | -125.7% | +569.6% | +0.7% | -54.0% | +85.7% | -99.7% |
| Profit margin | 10.4% | 19.2% | 20.1% | -39.0% | 18.3% | 20.0% | 15.1% | 15.0% | 15.3% | 5.9% | -2.6% | 8.6% | 13.0% | 9.3% | -2.8% | 11.1% | 8.5% | 3.6% | 6.4% | 0.0% |