Filing Flows › National CineMedia (NCMI) › Q2 2026
National CineMedia (NCMI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
National CineMedia (NCMI) reported revenue of $58.4M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +72% from the quarter before. Operating margin was -21.9%, net loss $9.9M (17.0% of revenue).
National CineMedia, Q2 2026: revenue $58.4M (+13% year over year), operating margin -21.9%, net loss $9.9M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.4M | +72% | +13% |
| Operating profit | −$12.8M | — | — |
| Net earnings | −$9.9M | — | — |
| Operating cash flow | −$1.5M | -108% | — |
What changed
Revenue was $58.4M in Q2 2026, up 13% year over year and up 72% from the previous quarter. National Advertising Revenue was the largest line at 77% of revenue. National Advertising Revenue added $3.7M year over year (up 9%), 56% of the total change. Founding Member Advertising Revenue From Beverage Concessionaire Agreements declined 5%.
Operating costs exceeded revenue by $12.8M, an operating margin of -21.9%. Total costs grew 12% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+17%). The quarter ended with a net loss of $9.9M, narrower than the previous quarter's $28.6M loss. Non-operating items added $2.9M, -29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.5M. Non-cash charges added back $2.3M of share-based compensation. Working capital and other items added $6.1M. Capital expenditures of $700K exceeded it, leaving free cash flow of −$2.2M.
Questions
What was National CineMedia's revenue in the second quarter 2026?
National CineMedia (NCMI) reported revenue of $58.4M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +72% from the quarter before.
Was National CineMedia profitable in the second quarter 2026?
Operating loss was $12.8M (-21.9% of revenue) and net loss $9.9M.
Source: National CineMedia 10-Q on SEC EDGAR.