)

National Research (NRC) investor relations material
National Research Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
New CEO Trent Green appointed June 1, 2025, with a focus on sustainable growth, operational efficiency, and deepening customer relationships.
CEO transition included significant executive compensation, impacting reported margins and net results.
Strategic priorities include talent acquisition, sales reorganization, and differentiation in a competitive healthcare market.
Improved new logo sales, cross-sells, and customer retention attributed to a stronger sales team and resonant product portfolio.
Company operates as a single segment focused on analytics and insights for healthcare organizations.
Financial highlights
Q2 2025 revenue was $34.0M, down 3% year-over-year; six-month revenue was $67.6M, down 4% year-over-year.
Total recurring contract value (TRCV) grew 2% sequentially for the third consecutive quarter, reaching $137.0M at June 30, 2025.
Adjusted EBITDA margin held steady at 30% for Q2 2025, reflecting disciplined cost management.
Net loss for Q2 2025 was $0.1M, compared to net income of $6.2M in Q2 2024, primarily due to $6.6M in executive compensation.
Adjusted net income for Q2 2025 was $6.4M, with adjusted diluted EPS of $0.28, up from $0.26 in Q2 2024.
Outlook and guidance
Management expects operating income and margin to improve in the near term, excluding executive compensation charges.
CEO plans to develop and share a strategic plan in the next quarter; specific investment plans or timelines not yet provided.
Depreciation and amortization are expected to increase with continued investments in software and facilities.
Forward-looking statements include expectations for future dividends, share repurchases, and revenue growth, subject to risks and uncertainties.
Next National Research earnings date

Next National Research earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage