Filing Flows › National Bankshares (NKSH) › Q3 2025
National Bankshares (NKSH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
National Bankshares (NKSH) reported revenue of $14.2M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +7% from the quarter before. Operating margin was 37.9%, net earnings $4.4M (31.1% of revenue).
National Bankshares, Q3 2025: revenue $14.2M (+21% year over year), operating margin 37.9%, net earnings $4.4M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.2M | +7% | +21% |
| Operating profit | $5.4M | +103% | +67% |
| Net earnings | $4.4M | +93% | +65% |
| Operating cash flow | $6.1M | +196% | +95% |
| Free cash flow | $5.3M | +249% | +145% |
What changed
Revenue was $14.2M in Q3 2025, up 21% year over year and up 7% from the previous quarter.
Operating profit was $5.4M, a 37.9% margin (up 10.3 points year over year). Of the extra revenue versus a year earlier, 87% reached operating profit, above the 28% margin then. Total costs grew 4% against revenue growth of 21%. Net earnings were $4.4M, up 65% year over year. The effective tax rate was 17.9%.
Operating cash flow was $6.1M (up 95% year over year), 138% of net earnings. Non-cash charges added back $372K of depreciation and amortization and $49K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $800K left free cash flow of $5.3M.
Questions
What was National Bankshares' revenue in the third quarter 2025?
National Bankshares (NKSH) reported revenue of $14.2M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +7% from the quarter before.
Was National Bankshares profitable in the third quarter 2025?
Operating profit was $5.4M (37.9% of revenue) and net earnings $4.4M.