Filing Flows › National Bankshares (NKSH) › Q1 2026 › vs Q4 2025
National Bankshares (NKSH) Q1 2026 vs Q4 2025 (quarter over quarter)
National Bankshares's revenue rose $30K (+0.2%) from $15.3M in Q4 2025 to $15.3M in Q1 2026. Operating margin 39.5% against 47.4% (-7.8 pts).
National Bankshares, Q1 2026: revenue $15.3M (+19% year over year), operating margin 39.5%, net earnings $5.0M, operating cash flow $3.3M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 39.5% | 47.4% | -7.8 pts |
| Net margin | 32.6% | 38.5% | -6.0 pts |
| Free cash flow margin | 20.1% | 43.9% | -23.9 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $15.3M | $15.3M | $30K | +0.2% |
| Operating profit | $6.0M | $7.2M | −$1.2M | -16% |
| Costs & expenses | $9.3M | $8.0M | $1.2M | +15% |
| Pre-tax earnings | $6.0M | $7.2M | −$1.2M | -16% |
| Net earnings | $5.0M | $5.9M | −$900K | -15% |
| Income tax | $1.1M | $1.4M | −$285K | -21% |
| Depreciation & amortization | $401K | $396K | $5K | +1% |
| Share-based compensation | $62K | $50K | $12K | +24% |
| Working capital & other | $2.1M | −$815K | $3.0M | — |
| Operating cash flow | $3.3M | $7.1M | −$3.8M | -54% |
| Free cash flow (OCF − capex) | $3.1M | $6.7M | −$3.6M | -54% |
| Capital expenditures | $229K | $432K | −$203K | -47% |
Questions
How much did National Bankshares's revenue grow quarter over quarter in Q1 2026?
National Bankshares's revenue rose $30K (+0.2%) from $15.3M in Q4 2025 to $15.3M in Q1 2026. Operating margin 39.5% against 47.4% (-7.8 pts).