NEW YORK STOCK EXCHANGE, INC. · Media · CIK 0002054696
$19.87
+4.09% · delayed ~15 min
Last price from Oct 22, 2026
$5.86B market value
From NIQ Global Intelligence plc's FY2025 10-K, filed Feb 27, 2026 · read the filing
NIQ Global Intelligence makes and sells software and computing services. It took in $4.20B last year, which makes it a mid-sized company. It spends more than it earns — losing about 8 cents on every dollar of sales.
The financial picture is led by accounting, with growth worth watching, while profitability and debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score -0.74
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From NIQ Global Intelligence plc's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
-$99.8M → $85.4M
Profit
-$798.0M → -$353.3M
Profit margin
-20.1% → -8.4%
Free cash flow
$38.5M → $264.0M
Measured against FY2024, from the 10-K filed Feb 27, 2026
Improved: turned positive
-$99.8M to $85.4MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: $444.7M narrower
-$798.0M to -$353.3MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
NIQ rose 4.09% on the latest quote. The average Technology company tracked here moved −1.27%, and the S&P 500 −1.04%. That is 5.4 points above its sector and 5.1 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 13% a year for the next 10 years. Its free cash flow was negative earlier in this period, so there is no past growth rate to set against that.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $353.3M last year, losing about 8 cents on every dollar of sales.
Slowly. Sales grew 5.7% last year.
Yes. Clearing its debt would take roughly 10.3 years of cash flow. For every $1 it owes, it owns $1.22 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it lost $353.3M and generated $298.7M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 27, 2026Filing for FY2025 | FY202410-K · Feb 27, 2026Filing for FY2024 | FY202310-K · Feb 27, 2026Filing for FY2023 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|
| RevenueWhat is this? | $4.20B | $3.97B | $3.34B | +5.7% |
| Cost of revenue | $1.86B | $1.77B | $1.51B | +5.1% |
| Gross profit | $2.34B† | $2.20B† | $1.83B† | +6.1% |
| Gross marginGross profit ÷ revenueWhat is this? | 55.6% | 55.4% | 54.8% | +0.2 pts |
| Selling, general and administrative | $1.60B | $1.60B | $1.45B | −0.2% |
| Operating income | $85.4M | -$99.8M | -$108.7M | n/m |
| Operating marginOperating income ÷ revenueWhat is this? | 2.0% | -2.5% | -3.3% | +4.5 pts |
| Income before tax | -$209.8M | -$690.5M | -$512.8M | +69.6% |
| Net income | -$353.3M | -$798.0M | -$577.4M | +55.7% |
| Net marginNet income ÷ revenueWhat is this? | -8.4% | -20.1% | -17.3% | +11.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-1.20 | $-3.26 | $-2.36 | +63.2% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| NIQNIQ Global Intelligence plc · this page | 5.0/10 | 6/9 | 5.7% | -8.4% | — | 5.64x |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Had shares withheld to cover taxes — 247 shares at $18.31 ($4.5K)
Holds 73,636 shares after this filing.
Had shares withheld to cover taxes — 36,480 shares at $18.31 ($667.9K)
Holds 434,460 shares after this filing.
17 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2026
Revenue +8.0% · Operating margin +2.0 pts · Operating income +65.7% — against Q2 FY2025
Read the filingPublished results
Read the filingWrite down why you are following NIQ Global Intelligence plc, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 224 subsidiaries named in its 10-K, incorporated across 92 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from NIQ's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 27, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 5.0 | 6/9 | 10-K, filed Feb 27, 2026 |
| FY2024 | 4.7 | 4/5 | 10-K, filed Feb 27, 2026 |
| FY2023 | 2.0 | 1/2 | 10-K, filed Feb 27, 2026 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
-0.74
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.82
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +11.7 pts
-20.1% to -8.4%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +585.7%
$38.5M to $264.0MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: $2.06 narrower
-$3.26 to -$1.20Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +94.9%
$266.2M to $518.8MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +20.4%
245.0M to 295.0MCritical
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Improved: +4.5 pts
-2.5% to 2.0%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +5.7%
$3.97B to $4.20BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +6.1%
$2.20B to $2.34BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: -11.5%
$3.96B to $3.50BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 10, 2026 — read it.
Improved: +65.7%
$39.4M to $65.3MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: $27.8M wider
-$2.7M to -$30.5MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: $27.0K narrower
-$27.0K to -$0.10Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +60.5%
$259.5M to $416.6MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +294955764.0%
100 to 295.0MCritical
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Improved: -22.0%
$4.42B to $3.45BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +8.0%
$1.04B to $1.12BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +5.5%
$591.6M to $624.2MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −1.3 pts
56.8% to 55.5%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +2.0 pts
3.8% to 5.8%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −2.5 pts
-0.3% to -2.7%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 10, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: turned positive
-$10.2M to $65.3MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: $59.6M narrower
-$90.1M to -$30.5MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: $0.20 narrower
-$0.31 to -$0.10Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +6.8 pts
-1.0% to 5.8%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +5.7 pts
-8.4% to -2.7%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +15.0%
$362.3M to $416.6MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
2 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 10% and 15%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 17 analysts covering this company, as of . Their views, not this site's.
Of 17 analysts publishing on this company, 5 say strong buy, 10 say buy and 2 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 1.3% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
| 3.0/10 |
| 3/9 |
| 10.1% |
| -0.3% |
| — |
| 3.52x |
| Median of peers | 3.0/10 | — | 10.1% | -0.3% | — | 3.52x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Had shares withheld to cover taxes — 2,420 shares at $18.31 ($44.3K)
Holds 156,024 shares after this filing.
Had shares withheld to cover taxes — 1,956 shares at $18.31 ($35.8K)
Holds 35,272 shares after this filing.
Had shares withheld to cover taxes — 2,802 shares at $18.31 ($51.3K)
Holds 129,550 shares after this filing.
Had shares withheld to cover taxes — 1,516 shares at $11.66 ($17.7K)
Holds 132,352 shares after this filing.
Had shares withheld to cover taxes — 891 shares at $11.66 ($10.4K)
Holds 73,883 shares after this filing.
Was granted or awarded shares — 51,975 shares
Holds 97,706 shares after this filing.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Held a shareholder vote
Quarterly report for Q1 FY2026
Revenue +11.1% · Operating margin −2.6 pts · Operating income turned negative — against Q1 FY2026
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Revenue +5.7% · Operating margin +4.5 pts · Operating income turned positive — against FY2024
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Published results
Read the filingQuarterly report for Q3 FY2025
Revenue +7.2% · Operating margin −1.7 pts · Operating income $18.8M wider — against Q3 FY2025
Read the filingPublished results
Read the filingQuarterly report for Q2 FY2025
Revenue +5.6% · Operating margin +6.6 pts · Operating income turned positive — against Q2 FY2025
Read the filingPublished results
Read the filingSigned a material agreement · Changed the rights attached to its shares · Had a director or senior officer leave or join · Amended its charter or changed its financial year
Read the filingRegistration statement for an offering of securities
Read the filingRegistration statement for an offering of securities
Read the filingRegistration statement for an offering of securities
Read the filingThe first 40 of 224. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-02-27. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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Primary sources and further research