EYE on Nasdaq
National Vision Holdings, Inc.
American ophthalmic goods company based in Duluth, incorporated in Delaware2
In its 2026 annual report the company says: “We are one of the largest optical retailers in the United States and a leader in the value segment of the U.S. optical retail industry. Our range of quality product offerings at multiple price points makes us an attractive destination for consumers of all income levels.”6 Its shares trade on Nasdaq under the symbol EYE.2
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Last updated Oct 21, 2026.
Overview
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- TickerEYE on Nasdaq2
- IndustryOphthalmic Goods2
- HeadquartersDuluth, United States2
- Incorporated inDE4
- Business address6000 Avalon Boulevard, Suite 6240, Alpharetta, Ga 300094
- Filer categoryLarge accelerated filer4
- Legal formCorporation2
- LEI549300JHURCBLI5ROA422
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O Corporation Service Company, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 54821542
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National Vision Holdings, Inc., a Delaware corporation, and its consolidated subsidiaries are referred to here as “we,” “our,” “us,” “the Company,” or “National Vision.” National Vision Holdings, Inc. conducts substantially all of its activities through its indirect, wholly-owned subsidiary, National Vision, Inc. (“NVI”), and NVI’s subsidiaries.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Eyeglasses And Sunglasses brought in 64% of the revenue National Vision Holdings, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Eyeglasses And Sunglasses | $1.1B | $1.1B | $1.3B |
| Contact Lenses | $301.3M | $307.3M | $324.2M |
| Exam | $207.8M | $233.6M | $254.7M |
| Product Protection Plans | $72.1M | $72.9M | $73.6M |
| Eyecare Clubs | $53.2M | $53.7M | $54.6M |
| Accessories and Other | $7.0M | $10.1M | $11.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Selling, general and admin51¢$1.0B
- Other costs47¢$929.6M
- Income tax1¢$12.1M
- Profit1¢$29.6M
Out of $2.0B in revenue.3
Where each dollar of operating cash went, fiscal 2026
- Capital spending50¢$72.8M
- Share buybacks2¢$3.2M
- Kept or used elsewhere48¢$70.2M
Out of $146.3M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total net revenue | $2.0B | $1.8B | $1.8B |
| Total costs applicable to revenue | $819.5M | $764.1M | $734.7M |
| Selling, general and administrative expenses | $1.0B | $938.5M | $904.8M |
| Depreciation and amortization | $91.2M | $91.3M | $89.9M |
| Asset impairment | $2.0M | $39.9M | $2.7M |
| Other expense (income), net | -$204.0K | -$101.0K | -$104.0K |
| Total operating expenses | $1.1B | $1.1B | $997.2M |
| Income (loss) from operations | $58.8M | -$10.4M | $24.5M |
| Interest expense, net | $17.1M | $16.2M | $14.3M |
| (Gain) loss on extinguishment of debt | $0 | -$859.0K | $599.0K |
| Earnings (loss) from continuing operations before income taxes | $41.7M | -$25.7M | $9.6M |
| Income tax provision | $12.1M | $1.5M | $6.0M |
| Income (loss) from continuing operations | $29.6M | -$27.2M | $3.5M |
| Income (loss) from discontinued operations, net of tax (See Note 2) | $0 | -$1.3M | -$69.4M |
| Net income (loss) | $29.6M | -$28.5M | -$65.9M |
| Continuing operations (in usd per share) | $0 | -$0 | $0 |
| Discontinued operations (in usd per share) | $0 | -$0 | -$1 |
| Total (in usd per share) | $0.37 | -$0.36 | -$0.84 |
| Continuing operations (in usd per share) | $0 | -$0 | $0 |
| Discontinued operations (in usd per share) | $0 | -$0 | -$1 |
| Total (in usd per share) | $0.37 | -$0.36 | -$0.84 |
| Basic (in shares) | 79.1M shares | 78.6M shares | 78.3M shares |
| Diluted (in shares) | 80.6M shares | 78.6M shares | 78.6M shares |
| Unrealized gain (loss) on hedge instruments | -$161.0K | $548.0K | $1.0M |
| Tax provision of unrealized gain (loss) on hedge instruments | -$40.0K | $129.0K | $259.0K |
| Comprehensive income (loss) | $29.5M | -$28.1M | -$65.1M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $38.7M | $73.9M | $149.9M | |
| Accounts receivable, net | $57.3M | $49.9M | ||
| Inventories | $89.3M | $93.9M | ||
| Prepaid expenses and other current assets | $40.4M | $32.0M | ||
| Total current assets | $225.7M | $249.8M | ||
| Property and equipment, net | $344.6M | $362.2M | ||
| Goodwill | $700.6M | $698.3M | ||
| Trademarks and trade names | $240.5M | $240.5M | ||
| Other intangible assets, net | $7.6M | $8.3M | ||
| Right of use assets | $394.9M | $408.6M | ||
| Other assets | $69.7M | $40.1M | ||
| Total noncurrent assets | $1.8B | $1.8B | ||
| Total assets | $2.0B | $2.0B | ||
| Accounts payable | $79.0M | $53.6M | ||
| Other payables and accrued expenses | $109.7M | $109.0M | ||
| Unearned revenue | $52.3M | $42.0M | ||
| Deferred revenue | $64.6M | $62.5M | ||
| Current maturities of long-term debt and finance lease obligations | $16.6M | $101.4M | ||
| Current operating lease obligations | $90.3M | $99.7M | ||
| Total current liabilities | $412.4M | $468.3M | ||
| Long-term debt and finance lease obligations, less current portion and debt discount | $229.3M | $248.6M | ||
| Noncurrent operating lease obligations | $358.4M | $366.3M | ||
| Deferred revenue | $22.5M | $22.1M | ||
| Other liabilities | $8.9M | $8.2M | ||
| Deferred income taxes, net | $82.6M | $77.9M | ||
| Total noncurrent liabilities | $701.7M | $723.2M | ||
| Common stock, $0.01 par value; 200,000,000 shares authorized; 86,278,538 and 85,444,263 shares issued as of January 3, 2026 and December 28, 2024, respectively; 79,416,050 and 78,775,117 shares outstanding as of January 3, 2026 and December 28, 2024, respectively | $862.0K | $854.0K | ||
| Additional paid-in capital | $834.0M | $807.0M | ||
| Accumulated other comprehensive loss | -$121.0K | $0 | ||
| Retained earnings | $255.7M | $226.1M | ||
| Treasury stock, at cost; 6,862,488 and 6,669,146 shares as of January 3, 2026 and December 28, 2024, respectively | -$220.9M | -$217.7M | ||
| Total stockholders equity | $869.5M | $816.3M | $829.4M | $901.1M |
| Total liabilities and stockholders equity | $2.0B | $2.0B | ||
| Common stock, par value (in usd per share) | $0.01 | $0.01 | ||
| Common stock, authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, issued (in shares) | 86.3M shares | 85.4M shares | ||
| Common stock, outstanding (in shares) | 79.4M shares | 78.8M shares | ||
| Treasury stock, at cost (in shares) | 6.9M shares | 6.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $38.7M | $73.9M | $149.9M | |
| Accounts receivable, net | $57.3M | $49.9M | ||
| Inventories | $89.3M | $93.9M | ||
| Prepaid expenses and other current assets | $40.4M | $32.0M | ||
| Total current assets | $225.7M | $249.8M | ||
| Property and equipment, net | $344.6M | $362.2M | ||
| Goodwill | $700.6M | $698.3M | ||
| Trademarks and trade names | $240.5M | $240.5M | ||
| Other intangible assets, net | $7.6M | $8.3M | ||
| Right of use assets | $394.9M | $408.6M | ||
| Other assets | $69.7M | $40.1M | ||
| Total noncurrent assets | $1.8B | $1.8B | ||
| Total assets | $2.0B | $2.0B | ||
| Accounts payable | $79.0M | $53.6M | ||
| Other payables and accrued expenses | $109.7M | $109.0M | ||
| Unearned revenue | $52.3M | $42.0M | ||
| Deferred revenue | $64.6M | $62.5M | ||
| Current maturities of long-term debt and finance lease obligations | $16.6M | $101.4M | ||
| Current operating lease obligations | $90.3M | $99.7M | ||
| Total current liabilities | $412.4M | $468.3M | ||
| Long-term debt and finance lease obligations, less current portion and debt discount | $229.3M | $248.6M | ||
| Noncurrent operating lease obligations | $358.4M | $366.3M | ||
| Deferred revenue | $22.5M | $22.1M | ||
| Other liabilities | $8.9M | $8.2M | ||
| Deferred income taxes, net | $82.6M | $77.9M | ||
| Total noncurrent liabilities | $701.7M | $723.2M | ||
| Common stock, $0.01 par value; 200,000,000 shares authorized; 86,278,538 and 85,444,263 shares issued as of January 3, 2026 and December 28, 2024, respectively; 79,416,050 and 78,775,117 shares outstanding as of January 3, 2026 and December 28, 2024, respectively | $862.0K | $854.0K | ||
| Additional paid-in capital | $834.0M | $807.0M | ||
| Accumulated other comprehensive loss | -$121.0K | $0 | ||
| Retained earnings | $255.7M | $226.1M | ||
| Treasury stock, at cost; 6,862,488 and 6,669,146 shares as of January 3, 2026 and December 28, 2024, respectively | -$220.9M | -$217.7M | ||
| Total stockholders equity | $869.5M | $816.3M | $829.4M | $901.1M |
| Total liabilities and stockholders equity | $2.0B | $2.0B | ||
| Common stock, par value (in usd per share) | $0.01 | $0.01 | ||
| Common stock, authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, issued (in shares) | 86.3M shares | 85.4M shares | ||
| Common stock, outstanding (in shares) | 79.4M shares | 78.8M shares | ||
| Treasury stock, at cost (in shares) | 6.9M shares | 6.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $29.6M | -$28.5M | -$65.9M |
| Depreciation and amortization | $91.2M | $92.7M | $98.3M |
| Amortization of debt discount and deferred financing costs | $1.2M | $2.1M | $3.4M |
| Amortization of cloud computing implementation costs | $8.7M | $6.4M | $3.2M |
| Asset impairment | $2.0M | $40.1M | $82.4M |
| Deferred income tax expense (benefit) | $4.7M | -$10.0M | -$6.0M |
| Stock-based compensation expense | $23.7M | $16.7M | $20.2M |
| (Gains) on change in fair value of derivatives | $0 | -$34.0K | -$1.3M |
| Inventory adjustments | $5.3M | $4.4M | $3.7M |
| Other | -$56.0K | -$1.0M | $3.9M |
| Accounts receivable | -$8.1M | $36.4M | -$7.8M |
| Inventories | -$728.0K | $21.6M | -$457.0K |
| Operating lease right of use assets and liabilities | -$1.8M | -$2.3M | $524.0K |
| Other assets | -$45.7M | -$7.3M | -$3.2M |
| Accounts payable | $25.4M | -$13.9M | $2.3M |
| Deferred and unearned revenue | $12.8M | -$5.9M | $7.4M |
| Other liabilities | -$1.9M | -$17.9M | $32.5M |
| Net cash provided by operating activities | $146.3M | $133.6M | $173.0M |
| Purchase of property and equipment | -$72.8M | -$95.5M | -$114.8M |
| Other | -$3.8M | -$589.0K | -$1.0M |
| Net cash used for investing activities | -$76.6M | -$96.1M | -$115.8M |
| Repayments on long-term debt | -$126.3M | -$222.1M | -$103.0M |
| Borrowings on long-term debt | $25.0M | $115.0M | $0 |
| Payments of debt issuance costs | $0 | -$1.7M | -$3.3M |
| Payments on finance lease obligations | -$3.5M | -$3.0M | -$3.9M |
| Proceeds from issuance of common stock | $3.4M | $1.5M | $1.8M |
| Purchase of treasury stock | -$3.2M | -$3.1M | -$28.4M |
| Net cash used for financing activities | -$104.6M | -$113.3M | -$136.8M |
| Net change in cash, cash equivalents and restricted cash | -$34.9M | -$75.8M | -$79.6M |
| Cash paid for interest | $19.1M | $13.4M | $11.7M |
| Capital expenditures accrued at the end of the period | $12.2M | $9.2M | $5.4M |
No quarter-by-quarter statement was filed.
Corporate structure
National Vision Holdings, Inc. sits at the top of its group. 10 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of National Vision Holdings, Inc.
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on National Vision Holdings, Inc., latest Oct 8, 2026
- Wellington Management Company Filed SCHEDULE 13G/A on National Vision Holdings, Inc., latest Aug 13, 2026 (4 filings since Nov 12, 2025)
- FMR LLC Filed SCHEDULE 13G on National Vision Holdings, Inc., latest Aug 6, 2026 (3 filings since Feb 9, 2023)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on National Vision Holdings, Inc., latest Jul 31, 2026 (2 filings since Apr 30, 2026)
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on National Vision Holdings, Inc., latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on National Vision Holdings, Inc., latest Mar 27, 2026 (7 filings since Feb 10, 2022)
- AMERICAN CENTURY INVESTMENT MANAGEMENT INC Filed SCHEDULE 13G/A on National Vision Holdings, Inc., latest Feb 13, 2026 (2 filings since Nov 14, 2025)
- Fund 1 Investments, LLC Filed SCHEDULE 13G/A on National Vision Holdings, Inc., latest Nov 14, 2025 (2 filings since May 15, 2025)
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Filed SCHEDULE 13G on National Vision Holdings, Inc., latest Nov 12, 2025 (7 filings since Feb 10, 2022)
- BlackRock Filed SCHEDULE 13G/A on National Vision Holdings, Inc., latest Oct 17, 2025 (8 filings since Feb 3, 2022)
- Burgundy Asset Management Ltd. Filed SCHEDULE 13G/A on National Vision Holdings, Inc., latest Aug 13, 2025 (2 filings since Feb 13, 2025)
- ArrowMark Colorado Holdings LLC Filed SC 13G/A on National Vision Holdings, Inc., latest Nov 14, 2024 (2 filings since Feb 14, 2024)
- National Vision Holdings, Inc. Duluth, Georgia, United States
- Arlington Contact Lens Service, Inc. (dba AC Lens) Subsidiary · Ohio, United States
- Czech Vision Associates, s.r.o. Subsidiary · Czechia
- FirstSight Vision Services, Inc. (dba FirstSight) Subsidiary · California, United States
- NATIONAL VISION, INC. Subsidiary · Duluth, Georgia, United States
- National Vision, Inc. (dba Eyeglass World, America’s Best Contacts and Eyeglasses, Vision Center and Vista Optical) Subsidiary · Georgia, United States
- Nautilus Acquisition Holdings, Inc. Subsidiary · Delaware, United States
- NVAL Healthcare Systems, Inc. Subsidiary · Georgia, United States
- Slovak Vision Associates, s.r.o. Subsidiary · Slovakia
- Vision Administrators, Inc. Subsidiary · California, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What National Vision Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finance-lease assets | $6.0M3 Jan 3, 2026 | $8.3M3 Dec 28, 2024 | −27.9% |
| Operating-lease assets (leased space) | $394.9M3 Jan 3, 2026 | $408.6M3 Dec 28, 2024 | −3.4% |
Real estate and locations
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $700.6M3 Jan 3, 2026 | $698.3M3 Dec 28, 2024 | +0.3% |
| Indefinite-lived intangibles (excluding goodwill) | $240.5M3 Jan 3, 2026 | $240.5M3 Dec 28, 2024 | 0% |
| Finite-lived intangibles, gross | $8.6M3 Jan 3, 2026 | $8.6M3 Dec 28, 2024 | 0% |
| Accumulated amortization | $997.0K3 Jan 3, 2026 | $282.0K3 Dec 28, 2024 | +253.5% |
| Finite-lived intangibles, net | $7.6M3 Jan 3, 2026 | $8.3M3 Dec 28, 2024 | −8.6% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $89.3M3 Jan 3, 2026 | $93.9M3 Dec 28, 2024 | −4.9% |
| Finished goods | $23.5M3 Jan 3, 2026 | $27.9M3 Dec 28, 2024 | −15.5% |
Properties, in its own words
We lease all of our America’s Best and Eyeglass World retail stores. Our leases generally have noncancelable lease terms of between five and 10 years, with an option to renew for additional terms of one to 10 years or more. In recent years, we have entered into more leases with 10-year initial terms with renewal options. Most leases for these retail stores provide for a minimum rent, typically with escalating rent increases. In certain circumstances we pay a percentage rent based upon sales after certain minimum thresholds are achieved. These leases generally require us to pay insurance, utilities, real estate taxes and common area maintenance expenses.
We occupy our Host locations through master agreements with our Host partners, which contain standard terms and conditions, such as fixed and percentage-based payments.
The rest of Item 2
A summary of our stores by location as of January 3, 2026 is shown below.
State · America’s Best · EyeglassWorld · Other · State · America’s Best · EyeglassWorld · Other
AK · — · — · 6 · MO · 27 · 1 · 1
AL · 25 · 1 · 3 · MS · — · — · 2
AR · — · — · 1 · NC · 28 · — · 2
AZ · 32 · 11 · 2 · NE · 6 · 1 · 1
CA · 93 · — · 3 · NJ · 45 · — · 1
CO · 27 · 7 · 3 · NM · — · 2 · 3
CT · 8 · — · — · NV · — · 4 · 1
FL · 110 · 44 · 2 · NY · 33 · — · 1
GA · 56 · 4 · 5 · OH · 46 · 1 · 1
IA · 6 · 1 · — · OR · 12 · — · 5
ID · 7 · — · — · PA · 50 · 5 · —
IL · 62 · 2 · — · SC · 23 · 2 · 1
IN · 18 · 11 · — · TN · 29 · 6 · —
KS · — · 2 · 2 · TX · 138 · 6 · 5
KY · 5 · 1 · 2 · UT · 14 · 5 · 1
LA · 15 · — · 1 · VA · 38 · — · 1
MD · 24 · — · 1 · WA · 20 · 1 · 13
MI · 37 · 4 · — · WI · 9 · — · —
MN · 13 · — · — · WY · 1 · — · —
___________
Note: ‘Other’ includes Vista Optical in Fred Meyer stores and on military bases. There is one Vista Optical location in Puerto Rico.
We lease laboratories in Georgia, Texas and Utah, a distribution center in Georgia, and we own our laboratory in Minnesota. We operated our distribution center in Ohio through June 2024 and have subsequently subleased the property to a third party.
Our corporate office is located in leased space in Duluth, Georgia. In addition, we lease office space for our FirstSight corporate office in Upland, California.
Item 2 of the 10-K filed Mar 4, 2026.6
Leadership
Who has led National Vision Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
20202025
- Chief executive officerAlexander Wilkes Aug 4, 2025 to now15
- Chief executive officerL. Reade Fahs Oct 25, 2017 to Aug 4, 202516
- ChairL. Reade Fahs Aug 29, 2025 to now17
- PresidentMark Banner Mar 10, 2025 to now18
- PresidentAlexander Wilkes Aug 20, 2024 to Mar 10, 202519
- Chief financial officerChristopher Laden Apr 1, 2025 to now20
- Chief financial officerMelissa Rasmussen Mar 2, 2023 to Mar 4, 202521
- Chief operating officerRaymond J. McAllister Oct 25, 2017 to Nov 2, 201822
Board members and other officers (30)
- SVP, CHIEF MERCH. & MC OFFICERMegan Molony Feb 3, 2025 to now23
- SVP, CHIEF MERCH. & MC OFFICERAna Moeddel Sep 3, 2025 to now24
- Chief Technology OfficerDavid G. Cutler Sep 9, 2025 to now25
- SVP, CHIEF STORES OFFICERMark Banner Jul 10, 2024 to Jul 10, 202426
- SVP, Chief Marketing OfficerJoseph Vandette Apr 13, 2022 to now27
- SVP, Chief Stores OfficerRoger F. Francis May 5, 2021 to May 5, 202228
- SVP, Chief Technology OfficerRavi Acharya Mar 18, 2020 to now29
- SVP, GC and SecretaryJared Brandman Feb 22, 2019 to May 1, 202430
- SVP, Chief Accounting OfficerMelissa Rasmussen Jul 31, 2019 to Nov 22, 202231
- SVP, Chief Marketing OfficerJoan Blackwood Dec 11, 2019 to Mar 9, 202132
- SVP, Manuf. And Distrib.Charles Foell Oct 25, 2017 to Mar 26, 201833
- SVP, Accounting, & ControllerChris Beasley Oct 25, 2017 to May 16, 201934
- SVP, Chief HR OfficerJeff Busbee Oct 25, 2017 to Jun 3, 201935
- SVP, Chief Information OfficerJohn Vaught Oct 25, 2017 to Aug 14, 201936
- SVP, GC and SecretaryMitchell Goodman Oct 25, 2017 to Nov 21, 201837
- Board memberJames M. McGrann Mar 24, 2025 to now38
- Board memberMichael J. Nicholson Mar 24, 2025 to now39
- Board memberAlexander Wilkes Aug 20, 2025 to now40
- Board memberCaitlin Zulla Aug 2, 2024 to now41
- Board memberJose Armario Feb 8, 2021 to now42
- Board memberNaomi Kelman Sep 16, 2020 to now43
- Board memberSusan S. Johnson Oct 28, 2020 to now44
- Board memberHeather Cianfrocco Jul 26, 2019 to Jun 16, 202345
- Board memberVirginia A. Hepner Jan 24, 2018 to now46
- Board memberD. Randolph Peeler Oct 25, 2017 to Aug 14, 202447
- Board memberDavid M. Tehle Oct 25, 2017 to Jun 16, 202348
- Board memberFelix Gernburd Oct 25, 2017 to Oct 25, 201749
- Board memberL. Reade Fahs Oct 25, 2017 to now16
- Board memberNathaniel H. Taylor Oct 25, 2017 to Oct 25, 201750
- General counselJared Brandman Mar 4, 2025 to now51
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Arlington Contact Lens Service, Inc. (dba AC Lens) Ohio5
- Czech Vision Associates, s.r.o. Czech Republic5
- FirstSight Vision Services, Inc. (dba FirstSight) California5
- NVAL Healthcare Systems, Inc. Georgia5
- National Vision, Inc. (dba Eyeglass World, America’s Best Contacts and Eyeglasses, Vision Center and Vista Optical) Georgia5
- Nautilus Acquisition Holdings, Inc. Delaware5
- Slovak Vision Associates, s.r.o. Slovakia5
- Vision Administrators, Inc. California5
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 12, 20268-K Results of operations52
- Jun 22, 20268-K Shareholder vote53
- Jun 3, 20268-K Regulation FD disclosure54
- May 13, 20268-K Results of operations55
- Mar 4, 20268-K Results of operations56
- Dec 16, 20258-K Entered a material agreement57
- Nov 5, 20258-K Results of operations58
- Aug 6, 20258-K Results of operations59
- Aug 4, 2025New chief executive Alexander Wilkes becomes CEO15
- Aug 4, 20258-K Executive or director change60
- Jun 23, 20258-K Shareholder vote61
- May 7, 20258-K Results of operations62
- Apr 29, 20258-K Executive or director change; Regulation FD disclosure63
- Oct 25, 2017New chief executive L. Reade Fahs becomes CEO16
- Feb 14, 2014Founded National Vision Holdings, Inc. is founded2
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.07 a share, on Nov 5, 2025.64
When it reported results
- Aug 12, 2026Reported quarterly or annual results52
- May 13, 2026Reported quarterly or annual results55
- Mar 4, 2026Reported quarterly or annual results56
- Nov 5, 2025Reported quarterly or annual results58
- Aug 6, 2025Reported quarterly or annual results59
- May 7, 2025Reported quarterly or annual results62
- Feb 26, 2025Reported quarterly or annual results65
- Jan 16, 2025Reported quarterly or annual results66
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
349 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 41 major events, 209 insider forms, 55 large holders, 24 other. The latest 20:
- Oct 8, 2026SCHEDULE 13G EDGAR
- Sep 9, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 20268-K EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 2026SCHEDULE 13G EDGAR
- Aug 3, 20264 EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 9, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20268-K EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
The 349 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
25 open-market trades by officers, directors and large owners since October 2021: 15 buys and 10 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 5, 2026 | Nicholson Michael JDirector | Buy | 50,000 | $15.52 | $776.0K | Form 4 |
| Mar 11, 2026 | Wilkes AlexanderChief Executive Officer | Sale | 35,000 | $26.54 | $928.9K | Form 4 |
| Mar 6, 2026 | FAHS L READEExecutive Chairman | Sale | 11,672 | $29.58 | $345.2K | Form 4 |
| Sep 16, 2025 | FAHS L READEExecutive Chairman | Sale | 10,598 | $23.93 | $253.6K | Form 4 |
| Sep 15, 2025 | FAHS L READEExecutive Chairman | Sale | 2,002 | $23.81 | $47.7K | Form 4 |
| Aug 28, 2025 | FAHS L READEExecutive Chairman | Sale | 137,400 | $24.33 | $3.3M | Form 4 |
| May 14, 2025 | Molony MeganSVP, CHIEF MERCH. & MC OFFICER | Sale | 3,900 | $18.90 | $73.7K | Form 4 |
| May 13, 2025 | Acharya RaviSVP, Chief Technology Officer | Sale | 12,000 | $18.76 | $225.1K | Form 4 |
| Mar 1, 2025 | VanDette JosephChief Brand & Mktg Officer | Sale | 1,179 | $12.71 | $15.0K | Form 4 |
| Aug 23, 2024 | Moore Patrick R.Interim CFO | Sale | 17,661 | $10.52 | $185.8K | Form 4 |
| Aug 13, 2024 | PEELER D RANDOLPHDirector | Buy | 25,000 | $10.57 | $264.2K | Form 4 |
| Aug 12, 2024 | Hepner Virginia ADirector | Buy | 1,000 | $10.37 | $10.4K | Form 4 |
| May 13, 2024 | FAHS L READEExecutive Chairman | Buy | 20,000 | $14.96 | $299.2K | Form 4 |
| May 10, 2024 | PEELER D RANDOLPHDirector | Buy | 34,000 | $14.45 | $491.3K | Form 4 |
| May 23, 2023 | PEELER D RANDOLPHDirector | Buy | 17,609 | $25.73 | $453.1K | Form 4 |
| May 22, 2023 | PEELER D RANDOLPHDirector | Buy | 22,861 | $25.59 | $585.0K | Form 4 |
| May 17, 2023 | TAYLOR THOMAS VDirector | Buy | 2,079 | $24.04 | $50.0K | Form 4 |
| May 15, 2023 | FAHS L READEExecutive Chairman | Buy | 12,625 | $23.81 | $300.6K | Form 4 |
| Jan 4, 2023 | Acharya RaviSVP, Chief Technology Officer | Sale | 1,394 | $40.00 | $55.8K | Form 4 |
| May 13, 2022 | Hepner Virginia ADirector | Buy | 1,000 | $25.71 | $25.7K | Form 4 |
All 25 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G, 1 filing Oct 8, 202667
- Wellington Management CompanySCHEDULE 13G/A, 4 filings Nov 12, 2025 to Aug 13, 202668
- FMR LLCSCHEDULE 13G, 3 filings Feb 9, 2023 to Aug 6, 202669
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 30, 2026 to Jul 31, 202670
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202671
- VANGUARD GROUP INCSCHEDULE 13G/A, 7 filings Feb 10, 2022 to Mar 27, 202672
- AMERICAN CENTURY INVESTMENT MANAGEMENT INCSCHEDULE 13G/A, 2 filings Nov 14, 2025 to Feb 13, 202673
- Fund 1 Investments, LLCSCHEDULE 13G/A, 2 filings May 15, 2025 to Nov 14, 202574
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLCSCHEDULE 13G, 7 filings Feb 10, 2022 to Nov 12, 202575
- BlackRockSCHEDULE 13G/A, 8 filings Feb 3, 2022 to Oct 17, 202576
- Burgundy Asset Management Ltd.SCHEDULE 13G/A, 2 filings Feb 13, 2025 to Aug 13, 202577
- ArrowMark Colorado Holdings LLCSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202478
- Clearbridge Investments, LLCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Oct 31, 202479
- AllianceBernsteinSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202480
- JPMorgan ChaseSC 13G/A, 3 filings Jan 14, 2022 to Aug 8, 202381
- Durable Capital Partners LPSC 13G/A, 2 filings May 9, 2022 to Feb 13, 202382
- ADAGE CAPITAL PARTNERS GP, L.L.C.SC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 202383
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | L. Reade FahsExecutive Chairman | $908.2K | $7.3M84 | |
| 2025 | Alexander N. WilkesChief Executive Officer | $734.6K | $5.2M84 | |
| 2025 | Mark S. BannerPresident of America’s Best | $536.5K | $2.3M84 | |
| 2025 | Christopher J. LadenChief Financial Officer | $355.8K | $2.2M84 | |
| 2025 | Jared BrandmanChief Legal & Strategy Officer, Corporate Secretary | $542.3K | $2.1M84 | |
| 2025 | Bill ClarkChief People Officer | $443.2K | $1.6M84 | |
| 2025 | Melissa RasmussenFormer Chief Financial Officer | $107.7K | $1.5M84 | |
| 2025 | Patrick R. MooreSpecial Advisor, Former Interim Chief Financial Officer | $149.6K | $156.7K84 | |
| 2024 | L. Reade FahsExecutive Chairman | $1.0M | $5.1M84 | |
| 2024 | Alexander N. WilkesChief Executive Officer | $196.2K | $2.5M84 | |
| 2024 | Patrick R. MooreSpecial Advisor, Former Interim Chief Financial Officer | $632.8K | $1.6M84 | |
| 2024 | Mark S. BannerPresident of America’s Best | $221.2K | $1.5M84 | |
| 2024 | Jared BrandmanChief Legal & Strategy Officer, Corporate Secretary | $473.1K | $1.3M84 | |
| 2024 | Melissa RasmussenFormer Chief Financial Officer | $452.6K | $1.2M84 | |
| 2024 | Bill ClarkChief People Officer | $414.8K | $1.0M84 | |
| 2023 | L. Reade FahsExecutive Chairman | $1.0M | $8.6M84 | |
| 2023 | Patrick R. MooreSpecial Advisor, Former Interim Chief Financial Officer | $608.3K | $2.8M84 | |
| 2023 | Jared BrandmanChief Legal & Strategy Officer, Corporate Secretary | $423.1K | $1.7M84 | |
| 2023 | Melissa RasmussenFormer Chief Financial Officer | $405.5K | $1.7M84 | |
| 2023 | Bill ClarkChief People Officer | $395.4K | $1.6M84 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 12,114,392 | $230.3M | 0.0% | +578,754 |
| Wellington Management Group Llp | 7,669,853 | $145.8M | 0.0% | +2,173,887 |
| Vanguard Portfolio Management LLC | 5,432,564 | $103.3M | 0.0% | −314,419 |
| William Blair Investment Management, LLC | 4,747,422 | $90.2M | 0.3% | +521,656 |
| Fmr LLC | 4,070,392 | $77.4M | 0.0% | +2,979,948 |
| Engine Capital Management, LP | 3,520,944 | $66.9M | 6.5% | +3,511,406 |
| State Street Corp | 3,465,157 | $65.9M | 0.0% | +287,081 |
| Vanguard Capital Management LLC | 3,400,130 | $64.6M | 0.0% | −37,737 |
| Dimensional Fund Advisors LP | 3,384,805 | $64.3M | 0.0% | +322,614 |
| Ameriprise Financial Inc | 3,148,704 | $59.9M | 0.0% | +1,849,624 |
| Glenview Capital Management, LLC | 3,101,083 | $59.0M | 1.2% | +1,535,166 |
| Boston Partners | 2,247,894 | $42.7M | 0.0% | +823,951 |
| Geode Capital Management, LLC | 2,128,656 | $40.5M | 0.0% | −65,254 |
| Victory Capital Management Inc | 2,059,949 | $39.2M | 0.0% | +255,370 |
| Arrowstreet Capital, Limited Partnership | 2,016,341 | $38.3M | 0.0% | −390,706 |
| Emerald Advisers, LLC | 2,006,691 | $38.1M | 0.9% | +504,047 |
| American Century Companies Inc | 1,926,213 | $36.6M | 0.0% | −1,298,286 |
| Divisadero Street Capital Management, LP | 1,899,450 | $36.1M | 0.8% | +1,203,418 |
| Morgan Stanley | 1,693,383 | $32.2M | 0.0% | +480,148 |
| Invesco Ltd. | 1,669,705 | $31.7M | 0.0% | +464,873 |
| Jupiter Asset Management Ltd | 1,461,115 | $27.8M | 0.1% | +18,059 |
| Goldman Sachs Group Inc | 1,377,215 | $26.2M | 0.0% | +516,960 |
| Emerald Mutual Fund Advisers Trust | 1,298,228 | $24.7M | 0.9% | +360,688 |
| Charles Schwab Investment Management Inc | 1,214,497 | $23.1M | 0.0% | −81,623 |
| Scopus Asset Management, L.P. | 1,110,000 | $21.1M | 0.5% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How National Vision Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNational Vision Holdings, Inc.1
- CIK0001710155
- Employer ID (EIN)46-48417176
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
- Incorporated inDelaware6
- Fiscal year endsJanuary 21
- Industry code (SIC)3851 Ophthalmic Goods1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address6000 Avalon Boulevard, Suite 6240, Alpharetta, GA 300091
- Phone(770) 822-36001
- Shares outstanding79,069,313 as of Jul 31, 202611
- Public float$1.3B as of Jun 28, 20256
- AuditorDeloitte & Touche LLP, Atlanta, GA PCAOB ID 34; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceJul 10, 20171
- Filings690 in all: 4 (359), 8-K (93), SC 13G/A (44), 3 (41), 10-Q (27), SC 13G (15), 144 (12), SCHEDULE 13G/A (11)1
All 32 form types
10-K (9), DEF 14A (9), SCHEDULE 13G (9), CORRESP (7), DEFA14A (6), 4/A (5), 424B4 (4), 424B7 (4), ARS (4), UPLOAD (4), DRS (3), EFFECT (3), S-1 (3), S-1/A (3), S-8 (3), CT ORDER (2), DRS/A (2), S-1MEF (2), 8-A12B (1), 8-K/A (1), CERTNAS (1), DRSLTR (1), PRE 14A (1), S-3ASR (1)
- Latest filingsAnnual report (10-K) Mar 4, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) May 4, 2026
Latest 8-K (8-K) Aug 12, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | EYE | Nasdaq |
From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks National Vision Holdings, Inc. names in Item 1A of its 10-K filed Mar 4, 2026: 44 risks under these headings, as written.6
- Risks Related to Our Business and Operations
- Market volatility, an overall decline in the health of the economy, global macroeconomic conditions and other factors may affect consumer spending or behavior, which could materially harm our sales, profitability and financial condition.
- We may not be successful in implementing our strategic initiatives, or in anticipating the impact of important strategic initiatives, and our plans for implementing such initiatives may be altered or delayed due to various factors, which may have a material adverse impact on our business and financial results.
- The optical retail industry is highly competitive, and if we do not compete successfully, our business may be materially adversely impacted.
- Our success depends substantially on the value of our owned brands, and failure to maintain, protect, and enhance their value could have a material negative impact on our business, financial condition, and results of operations.
- Our success depends upon our marketing, advertising and promotional efforts. If we are unable to implement them successfully or efficiently, or if our competitors are more effective than we are, we may experience a material adverse effect on our business, financial condition and results of operations.
- If we fail to open and operate new stores in a timely and cost-effective manner or fail to successfully enter new markets, our financial performance could be materially adversely affected.
- Our growth is dependent on our ability to increase sales in existing stores and to successfully reinvest in existing stores.
- If we are unable to successfully implement our pricing strategies, it could have a material adverse impact on our business.
- Failure to recruit and retain vision care professionals for in-store roles or to provide remote care offerings could adversely affect our business, financial condition and results of operations.
- We are a value-based provider and our business model relies on value-based inputs. Factors such as wage rate increases, inflation, cost increases, increases in the price of raw materials and energy prices could have a material adverse effect on our business, financial condition and results of operations.
- We require significant capital to fund our expanding business. If we are unable to maintain sufficient levels of cash flow from our operations, we may not be able to execute or sustain our growth strategy or we may require additional financing, which may not be available to us on satisfactory terms or at all.
The other 33 risks
- Our growth strategies could strain our existing resources and cause the performance of our existing stores to suffer.
- We are subject to risks associated with leasing substantial amounts of space, including future increases in occupancy costs.
- Our e-commerce and omni-channel business faces distinct risks, and our failure to successfully manage those risks could have a negative impact on our profitability.
- If we fail to retain our existing senior management team, attract qualified new personnel or successfully implement our succession plans, such failure could have a material adverse effect on our business, financial condition and results of operations.
- Our operating results and inventory levels fluctuate on a seasonal basis.
- Catastrophic events, including changing climate and weather patterns leading to severe weather and natural disasters, may cause significant business interruptions and expenditures.
- Certain technological advances, greater availability of, or increased consumer preferences for, vision correction alternatives to prescription eyeglasses or contact lenses, or future drug development for the correction of vision-related problems may reduce the demand for our products and materially adversely impact our business and profitability.
- Our profitability and cash flows may be materially adversely affected if we are not successful in managing our inventory balances and inventory shrinkage.
- We depend on our distribution centers and optical laboratories. The loss of, or disruption in the operations of, one or more of these facilities may adversely affect our ability to process and fulfill customer orders and deliver our products in a timely manner, or at all, and may result in quality issues, which would materially adversely affect our reputation, our business and our profitability.
- If the performance of our Host brands declines or we are unable to maintain or extend our operating relationships with our Host partners, our business, profitability and cash flows may be adversely affected and we may be required to incur impairment charges.
- Sustainability issues, including those related to climate change, could have a material adverse effect on our business, financial condition and results of operations.
- Risks Related to Our Dependence on Third Parties
- Our future operational success depends on our ability to develop, maintain and extend relationships with managed vision care companies, vision insurance providers and other third-party payors.
- We rely on third-party coverage and reimbursement, including government programs, for an increasing portion of our revenues, the future reduction of which could materially adversely affect our results of operations.
- We face risks associated with vendors from whom our products and certain services are sourced and are dependent on a limited number of suppliers.
- Our ability to source merchandise and services outside of the U.S. could be adversely impacted by changes in U.S. or international laws, including the imposition of tariffs by the U.S. and the resulting consequences.
- We rely heavily on our information technology systems, as well as those of our vendors, for our business to effectively operate and to safeguard confidential and sensitive information; any significant failure, inadequacy, interruption or security incident could materially adversely affect our business, financial condition and operations.
- Risks Related to Our Legal and Regulatory Environment
- We are subject to extensive state, local and federal vision care and healthcare laws and regulations and failure to adhere to such laws and regulations would materially adversely affect our business.
- We are subject to managed vision care laws and regulations and the failure to comply with such laws and regulations could have a materially negative impact on our business, financial condition or results of operations.
- We are subject to rapidly changing and increasingly stringent laws, regulations, contractual obligations, and industry standards relating to privacy, data security and data protection. The restrictions and costs imposed by these laws and other obligations, or our actual or perceived failure to comply with them, could subject us to liabilities that materially adversely affect our business, and financial condition or results of operations.
- We could be materially adversely affected by product liability, product recall or personal injury issues.
- Failure to comply with laws, regulations and enforcement activities or changes in statutory, regulatory, accounting and other legal requirements could materially negatively impact our business, financial condition or results of operations.
- Adverse judgments or settlements resulting from legal proceedings relating to our business operations could materially adversely affect our business, financial condition and results of operations.
- We may not be able to adequately protect our intellectual property, which could harm the value of our brand and materially adversely affect our business.
- Risks Related to Our Indebtedness
- We have a significant amount of indebtedness which could adversely affect our business and financial position, including by limiting our business flexibility and preventing us from meeting our debt obligations.
- A change in interest rates may adversely affect our business.
- Our credit agreement contains restrictions that limit our flexibility in operating our business.
- Risks Related to Ownership of Common Stock
- Our stock price may be volatile or may decline regardless of our operating performance.
- Because we have no current plans to pay cash dividends on our common stock, investors may not receive any return on investment unless they sell their common stock for a price greater than that which they paid for it.
- We are a holding company with no operations of our own and, as such, we depend on our subsidiaries for cash to fund all of our operations and expenses, including future dividend payments, if any.
- Anti-takeover provisions in our organizational documents could delay or prevent a change of control.
- Our Board of Directors is authorized to issue and designate shares of our preferred stock in additional series without stockholder approval.
- Our certificate of incorporation provides, subject to limited exceptions, that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for certain stockholder litigation matters, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, associates or stockholders.
- If securities or industry analysts do not publish research or reports about our business or if they downgrade our stock or our sector, our stock price and trading volume could decline.
Legal proceedings
See Note 11. “Commitments and Contingencies” in our consolidated financial statements included in Part II. Item 8. of this Form 10-K for information regarding certain legal proceedings in which we are involved, which discussion is incorporated herein by reference.
The opening of Item 3, Legal Proceedings.6
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARL. Reade Fahs, Chair
- 18SEC EDGARMark Banner, President
- 19SEC EDGARAlexander Wilkes, President
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- 35SEC EDGARJeff Busbee, SVP, Chief HR Officer
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- 38SEC EDGARJames M. McGrann, Board member
- 39SEC EDGARMichael J. Nicholson, Board member
- 40SEC EDGARAlexander Wilkes, Board member
- 41SEC EDGARCaitlin Zulla, Board member
- 42SEC EDGARJose Armario, Board member
- 43SEC EDGARNaomi Kelman, Board member
- 44SEC EDGARSusan S. Johnson, Board member
- 45SEC EDGARHeather Cianfrocco, Board member
- 46SEC EDGARVirginia A. Hepner, Board member
- 47SEC EDGARD. Randolph Peeler, Board member
- 48SEC EDGARDavid M. Tehle, Board member
- 49SEC EDGARFelix Gernburd, Board member
- 50SEC EDGARNathaniel H. Taylor, Board member
- 51SEC EDGARJared Brandman, General counsel
- 52SEC EDGARResults of operations
- 53SEC EDGARShareholder vote
- 54SEC EDGARRegulation FD disclosure
- 55SEC EDGARResults of operations
- 56SEC EDGARResults of operations
- 57SEC EDGAREntered a material agreement
- 58SEC EDGARResults of operations
- 59SEC EDGARResults of operations
- 60SEC EDGARExecutive or director change
- 61SEC EDGARShareholder vote
- 62SEC EDGARResults of operations
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