NCMI on Nasdaq
National CineMedia
Logo: National CineMedia, Public domain, via Wikimedia Commons5
American cinema advertising company
National CineMedia, Inc. (NCM) is an American cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater network, consisting of theaters owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and other regional theater circuits.3 Its shares trade on Nasdaq under the symbol NCMI.1 Wikipedia text CC BY-SA 4.0
Price unavailable
Last updated Oct 21, 2026.
Overview
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- TickerNCMI on Nasdaq1
- Industryentertainment1
- HeadquartersCentennial1
- Websitewww.nationalcinemedia.com
- Legal formpublic company1
- Incorporated inDE7
- Business address6300 S. Syracuse Way, Suite 300, Centennial, Co 801117
- Filer categoryAccelerated filer7
- LEI5493000MOLIVSOGKEB484
- StatusActive4
- LEI statusIssued and current4
- Registered addressc/o CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, 19808 Wilmington, United States4
- Registered withDivision of Corporations, Department of State, 42309184
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National CineMedia, Inc. (NCM) is an American cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater network, consisting of theaters owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and other regional theater circuits.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
-5.7%Operating margin6
-4.4%Net margin6
-2.8%Return on equity6
0.03×Debt to equity6
$2.8MFree cash flow6
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
National Advertising Revenue brought in 79% of the revenue National CineMedia broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| National Advertising Revenue | $114.8M | $188.0M | $194.5M |
| Local Advertising Revenue | $30.4M | $39.1M | $34.6M |
| Founding Member Advertising Revenue From Beverage Concessionaire Agreements | $9.9M | $13.7M | $14.1M |
| Barter Transaction Revenue | $100.0K | $500.0K | $3.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue5¢$13.0M
- Research and development1¢$3.1M
- Other costs93¢$227.1M
Out of $243.2M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2026
- Capital spending14¢$5.6M
- Dividends paid29¢$11.4M
- Share buybacks56¢$22.0M
Out of $8.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue (including revenue from related parties of $0.1, $0.0 and $14.2, respectively) | $243.2M | $240.8M | $165.2M |
| Network operating costs | $13.0M | $13.7M | $10.6M |
| Selling and marketing costs | $41.6M | $41.6M | $29.6M |
| Administrative and other costs | $46.1M | $50.7M | $57.3M |
| Depreciation expense | $4.6M | $4.6M | $3.1M |
| Amortization expense | $33.3M | $37.8M | $22.4M |
| Total | $257.1M | $260.3M | $192.5M |
| OPERATING LOSS | -$13.9M | -$19.5M | -$27.3M |
| Interest on borrowings | $600.0K | $1.7M | $27.9M |
| Interest income | -$1.4M | -$2.4M | -$100.0K |
| (Gain) loss on re-measurement of the payable under the tax receivable agreement | -$3.7M | $4.6M | $9.3M |
| Loss on debt extinguishment | $1.8M | $0 | $0 |
| Gain on deconsolidation of affiliate | $0 | $0 | -$557.7M |
| Gain on reconsolidation of NCM LLC | $0 | $0 | -$167.8M |
| Other non-operating income, net | -$600.0K | -$1.3M | -$100.0K |
| Total | -$3.3M | $2.6M | -$724.0M |
| (LOSS) INCOME BEFORE INCOME TAXES | -$10.6M | -$22.1M | $696.7M |
| Income tax expense | $0 | $200.0K | $0 |
| CONSOLIDATED NET (LOSS) INCOME | -$10.6M | -$22.3M | $696.7M |
| Less: Net loss attributable to noncontrolling interests | $0 | $0 | -$8.5M |
| NET (LOSS) INCOME ATTRIBUTABLE TO NCM, INC. | -$10.6M | -$22.3M | $705.2M |
| COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO NCM, INC. | -$10.6M | -$22.3M | $705.2M |
| Basic (in usd per share) | -$0.11 | -$0.23 | $14.73 |
| Diluted (in usd per share) | -$0.11 | -$0.23 | $14.34 |
| Basic (in shares) | 94.2M shares | 95.9M shares | 47.9M shares |
| Diluted (in shares) | 94.2M shares | 95.9M shares | 48.6M shares |
| Theater exhibition fees | $118.5M | $111.9M | $69.5M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-07-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $34.6M | $75.1M | |||
| Restricted cash | $3.0M | $3.0M | |||
| Receivables, net of allowance of $1.1 and $1.2, respectively | $96.5M | $85.3M | |||
| Amounts due from ESA Parties | $0 | $10.6M | |||
| Prepaid expenses and other current assets | $4.0M | $3.9M | |||
| Total current assets | $138.1M | $177.9M | |||
| Property and equipment, net of accum. depreciation of $8.4 and $4.8, respectively | $19.4M | $16.4M | |||
| Intangible assets, net of accum. amortization of $86.2 and $52.8, respectively | $308.8M | $350.8M | $394.3M | $350.8M | |
| Goodwill | $500.0K | $0 | |||
| Other investments | $8.1M | $3.8M | |||
| Debt issuance costs, net | $700.0K | $1.6M | |||
| Other assets | $15.0M | $18.1M | |||
| Total non-current assets | $352.5M | $390.7M | |||
| TOTAL ASSETS | $490.6M | $568.6M | |||
| Amounts due to ESA Parties, net | $6.8M | $3.8M | |||
| Payable under the TRA | $2.9M | $4.1M | |||
| Accrued expenses | $1.9M | $1.6M | |||
| Accrued payroll and related expenses | $12.1M | $15.6M | |||
| Accounts payable | $26.1M | $23.0M | |||
| Deferred revenue | $10.8M | $23.6M | |||
| Other current liabilities | $1.5M | $1.8M | |||
| Total current liabilities | $62.1M | $73.5M | |||
| Long-term debt | $12.0M | $10.0M | |||
| Payable under the TRA | $30.9M | $59.9M | |||
| Long-term lease liabilities | $9.3M | $12.5M | |||
| Other liabilities | $900.0K | $1.5M | |||
| Total non-current liabilities | $53.1M | $83.9M | |||
| Total liabilities | $115.2M | $157.4M | |||
| Preferred stock, $0.01 par value; 10,000,000 shares authorized, 50 issued and outstanding, respectively | $0 | $0 | |||
| Common stock, $0.01 par value; 260,000,000 shares authorized, 93,353,604 and 95,755,491 issued and outstanding, respectively | $2.5M | $2.5M | |||
| Additional paid in capital | $136.5M | $127.8M | |||
| Retained earnings | $236.4M | $280.9M | |||
| Total NCM, Inc. stockholders' equity | $375.4M | $411.2M | |||
| Noncontrolling interests | $0 | $0 | |||
| Total equity | $375.4M | $411.2M | $434.5M | -$464.0M | |
| TOTAL LIABILITIES AND EQUITY | $490.6M | $568.6M | |||
| Allowance for doubtful accounts receivable | $1.1M | $1.2M | |||
| Accumulated depreciation, property and equipment | $8.4M | $4.8M | |||
| Accumulated amortization, intangible assets | $86.1M | $52.8M | $15.0M | $52.8M | |
| Preferred stock, par value (in usd per share) | $0.01 | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued (in shares) | 50 shares | 50 shares | |||
| Preferred stock, shares outstanding (in shares) | 50 shares | 50 shares | |||
| Common stock, par value (in usd per share) | $0.01 | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 260.0M shares | 260.0M shares | |||
| Common stock, shares issued (in shares) | 93.4M shares | 95.8M shares | |||
| Common stock, shares outstanding (in shares) | 93.4M shares | 95.8M shares | 174.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-07-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $34.6M | $75.1M | |||
| Restricted cash | $3.0M | $3.0M | |||
| Receivables, net of allowance of $1.1 and $1.2, respectively | $96.5M | $85.3M | |||
| Amounts due from ESA Parties | $0 | $10.6M | |||
| Prepaid expenses and other current assets | $4.0M | $3.9M | |||
| Total current assets | $138.1M | $177.9M | |||
| Property and equipment, net of accum. depreciation of $8.4 and $4.8, respectively | $19.4M | $16.4M | |||
| Intangible assets, net of accum. amortization of $86.2 and $52.8, respectively | $308.8M | $350.8M | $394.3M | $350.8M | |
| Goodwill | $500.0K | $0 | |||
| Other investments | $8.1M | $3.8M | |||
| Debt issuance costs, net | $700.0K | $1.6M | |||
| Other assets | $15.0M | $18.1M | |||
| Total non-current assets | $352.5M | $390.7M | |||
| TOTAL ASSETS | $490.6M | $568.6M | |||
| Amounts due to ESA Parties, net | $6.8M | $3.8M | |||
| Payable under the TRA | $2.9M | $4.1M | |||
| Accrued expenses | $1.9M | $1.6M | |||
| Accrued payroll and related expenses | $12.1M | $15.6M | |||
| Accounts payable | $26.1M | $23.0M | |||
| Deferred revenue | $10.8M | $23.6M | |||
| Other current liabilities | $1.5M | $1.8M | |||
| Total current liabilities | $62.1M | $73.5M | |||
| Long-term debt | $12.0M | $10.0M | |||
| Payable under the TRA | $30.9M | $59.9M | |||
| Long-term lease liabilities | $9.3M | $12.5M | |||
| Other liabilities | $900.0K | $1.5M | |||
| Total non-current liabilities | $53.1M | $83.9M | |||
| Total liabilities | $115.2M | $157.4M | |||
| Preferred stock, $0.01 par value; 10,000,000 shares authorized, 50 issued and outstanding, respectively | $0 | $0 | |||
| Common stock, $0.01 par value; 260,000,000 shares authorized, 93,353,604 and 95,755,491 issued and outstanding, respectively | $2.5M | $2.5M | |||
| Additional paid in capital | $136.5M | $127.8M | |||
| Retained earnings | $236.4M | $280.9M | |||
| Total NCM, Inc. stockholders' equity | $375.4M | $411.2M | |||
| Noncontrolling interests | $0 | $0 | |||
| Total equity | $375.4M | $411.2M | $434.5M | -$464.0M | |
| TOTAL LIABILITIES AND EQUITY | $490.6M | $568.6M | |||
| Allowance for doubtful accounts receivable | $1.1M | $1.2M | |||
| Accumulated depreciation, property and equipment | $8.4M | $4.8M | |||
| Accumulated amortization, intangible assets | $86.1M | $52.8M | $15.0M | $52.8M | |
| Preferred stock, par value (in usd per share) | $0.01 | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued (in shares) | 50 shares | 50 shares | |||
| Preferred stock, shares outstanding (in shares) | 50 shares | 50 shares | |||
| Common stock, par value (in usd per share) | $0.01 | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 260.0M shares | 260.0M shares | |||
| Common stock, shares issued (in shares) | 93.4M shares | 95.8M shares | |||
| Common stock, shares outstanding (in shares) | 93.4M shares | 95.8M shares | 174.1M 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.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Consolidated net (loss) income | -$10.6M | -$22.3M | $696.7M |
| Depreciation expense | $4.6M | $4.6M | $3.1M |
| Amortization expense | $33.3M | $37.8M | $22.4M |
| Non-cash share-based compensation | $9.3M | $12.2M | $4.5M |
| Amortization of debt issuance costs | $400.0K | $800.0K | $3.4M |
| Non-cash (gain) loss on re-measurement of the TRA payable | -$3.7M | $4.6M | $9.3M |
| Non-cash consideration received for advertising services | -$2.3M | $0 | $0 |
| Gain on deconsolidation of affiliate | $0 | $0 | -$557.7M |
| Gain on re-measurement of NCM LLC | $0 | $0 | -$35.5M |
| Gain on reconsolidation of NCM LLC | $0 | $0 | -$167.8M |
| Other | $1.8M | -$500.0K | -$300.0K |
| ESA Party integration and encumbered theater payments | $700.0K | $1.2M | $5.0M |
| Payments to the ESA Parties under the tax receivable agreement | -$1.3M | $0 | $0 |
| Proceeds received from equity method investment | $600.0K | $0 | $0 |
| Other cash flows from operating activities, net | -$300.0K | $0 | -$800.0K |
| Receivables, net | -$8.9M | $10.6M | $36.3M |
| Accounts payable and accrued expenses | -$3.3M | -$100.0K | -$2.7M |
| Amounts due to ESA Parties, net | $2.8M | $2.5M | -$4.2M |
| Deferred revenue | -$14.6M | $13.2M | -$5.4M |
| Prepaid expenses | $500.0K | -$4.9M | -$11.0M |
| Other, net | -$600.0K | $600.0K | -$2.0M |
| Net cash provided by (used in) operating activities | $8.4M | $60.3M | -$6.7M |
| Purchases of property and equipment | -$5.6M | -$5.8M | -$3.3M |
| Purchase of strategic investments | -$2.0M | -$1.0M | $0 |
| Purchase of a business | -$7.5M | $0 | $0 |
| Cash contributed upon reconsolidation | $0 | $0 | -$15.5M |
| Cash, cash equivalents and restricted cash reconsolidated | $0 | $0 | $49.5M |
| Proceeds received from equity method investment | $0 | $1.2M | $600.0K |
| Other cash flows from investing activities, net | -$300.0K | -$100.0K | $1.3M |
| Net cash (used in) provided by investing activities | -$15.4M | -$5.7M | $32.6M |
| Payment of dividends | -$11.4M | -$300.0K | -$500.0K |
| Purchases of NCM, Inc.'s common stock | -$22.0M | -$13.1M | $0 |
| Repayments of term loan facilities | -$20.0M | $0 | -$800.0K |
| Proceeds from term loan facilities | $22.0M | $0 | $0 |
| Removal of cash, cash equivalents and restricted cash of unconsolidated affiliate | $0 | $0 | -$49.6M |
| Payment of debt issuance costs | -$1.5M | $0 | -$1.2M |
| Other cash flows from financing activities | -$600.0K | -$700.0K | |
| Net cash used in financing activities | -$33.5M | -$14.1M | -$52.1M |
| CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | -$40.5M | $40.5M | -$26.2M |
| Purchase of an intangible asset with NCM LLC equity | $0 | $700.0K | $0 |
| Purchase of subsidiary equity with NCM, Inc. equity | $0 | $0 | $2.6M |
| Accrued purchases of property and equipment | $0 | $100.0K | $800.0K |
| Right of use assets obtained in exchange for lease liabilities | $0 | $9.1M | $0 |
| Cost method investment obtained in exchange for advertising inventory | $2.3M | $2.0M | $0 |
| Increase in dividend equivalent accrual not requiring cash in the period | $200.0K | $0 | $0 |
| Cash paid for interest | $200.0K | $900.0K | $12.5M |
| Cash payments for income taxes | $13.0K | $78.4K | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
National CineMedia sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of National CineMedia
- Blantyre Capital II Ltd Filed SCHEDULE 13D on National CineMedia, latest Oct 9, 2026
- ORBIS INVESTMENT MANAGEMENT LTD Filed SCHEDULE 13G/A on National CineMedia, latest Sep 8, 2026 (6 filings since Nov 14, 2025)
- Hotchkis & Wiley Capital Management Filed SCHEDULE 13G/A on National CineMedia, latest Aug 12, 2026 (5 filings since Nov 14, 2024)
- Blantyre Capital Ltd Filed SCHEDULE 13D/A on National CineMedia, latest Sep 29, 2025 (4 filings since Aug 16, 2023)
- BlackRock Filed SC 13G on National CineMedia, latest Nov 8, 2024 (4 filings since Feb 3, 2022)
- Standard General L.P. Filed SC 13G/A on National CineMedia, latest Mar 22, 2024 (5 filings since Jun 3, 2022)
- Cinemark Filed SC 13D/A on National CineMedia, latest Aug 24, 2023 (5 filings since Apr 14, 2022)
- AMC Theatres Filed SC 13G on National CineMedia, latest Apr 10, 2023 (3 filings since May 17, 2022)
- REGAL ENTERTAINMENT GROUP Filed SC 13D/A on National CineMedia, latest Dec 30, 2022
- WASATCH ADVISORS LP Filed SC 13G/A on National CineMedia, latest Jun 6, 2022 (2 filings since Feb 10, 2022)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on National CineMedia, latest Feb 14, 2022
- National CineMedia Wilmington, Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What National CineMedia 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 |
|---|---|---|---|
| Construction in progress | $3.7M6 Jan 1, 2026 | $2.8M6 Dec 26, 2024 | +32.1% |
| Accumulated depreciation | $8.4M6 Jan 1, 2026 | $4.8M6 Dec 26, 2024 | +75.0% |
| Property and equipment, net | $19.4M6 Jan 1, 2026 | $16.4M6 Dec 26, 2024 | +18.3% |
| Operating-lease assets (leased space) | $8.8M6 Jan 1, 2026 | $12.2M6 Dec 26, 2024 | −27.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $34.6M6 Jan 1, 2026 | $75.1M6 Dec 26, 2024 | −53.9% |
| Marketable securities, current | $100.0K14 Dec 26, 2024 | $014 Dec 28, 2023 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $500.0K6 Jan 1, 2026 | $06 Dec 26, 2024 | |
| Finite-lived intangibles, gross | $394.9M6 Jan 1, 2026 | $403.6M6 Dec 26, 2024 | −2.2% |
| Accumulated amortization | $86.1M6 Jan 1, 2026 | $52.8M6 Dec 26, 2024 | +63.1% |
| Finite-lived intangibles, net | $308.8M6 Jan 1, 2026 | $350.8M6 Dec 26, 2024 | −12.0% |
Properties, in its own words
The Company's headquarters are located in Centennial, Colorado. As of January 1, 2026, the Company also leases offices in other cities, including, New York, Los Angeles and Chicago. We own no material real property. We believe that
all of our present facilities are adequate for our current needs and that additional space is available for future expansion on acceptable terms.
Item 2 of the 10-K filed Feb 26, 2026.15
Leadership
Who has led National CineMedia, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
20052010201520202025
- Chief executive officerThomas F. Lesinski Aug 5, 2019 to now16
- Chief executive officerAndrew J. England Jan 7, 2016 to Jan 26, 201817
- Chief executive officerKurt C. Hall Feb 7, 2007 to Feb 25, 201518
- ChairKurt C. Hall Feb 12, 2007 to Feb 25, 201519
- PresidentScott D. Felenstein Jul 8, 2021 to Feb 27, 202420
- PresidentClifford E. Marks Oct 19, 2010 to May 4, 202121
- PresidentKurt C. Hall Feb 7, 2007 to Feb 25, 201518
- Chief financial officerRonnie Y. Ng Sep 29, 2021 to now22
- Chief financial officerKatherine Lee Scherping Aug 12, 2016 to Feb 26, 202023
- Chief financial officerDavid J. Oddo Mar 8, 2013 to May 2, 201624
- Chief financial officerJeffrey T. Cabot Mar 8, 2013 to May 2, 201625
- Chief financial officerGary W. Ferrera Feb 7, 2007 to Feb 27, 201326
- Chief operating officerAlfonso P. Rosabal Jr. Jan 6, 2014 to Nov 29, 201627
Board members and other officers (41)
- Principal Accounting OfficerJulie L. Patterson May 4, 2020 to Aug 3, 202128
- EVP & Chief Revenue OfficerScott D. Felenstein Mar 20, 2018 to May 4, 202129
- EVP, People & OrganizationGeri R. House Jan 30, 2017 to Mar 1, 201730
- OfficerSoohyung Kim Dec 6, 2017 to Sep 9, 202231
- EVP, Gen. Counsel & SecretaryJeffrey T. Cabot Feb 25, 2015 to Feb 25, 201532
- EVP & Chief Operations OfficerEarl B. Weihe Jan 15, 2010 to Aug 26, 201333
- Chief Marketing OfficerClifford E. Marks Feb 7, 2007 to Sep 27, 201234
- Chief Technology OfficerThomas C. Galley Feb 7, 2007 to Sep 21, 200935
- EVP, Gen. Counsel & SecretaryRalph E. Hardy Feb 15, 2007 to Jan 23, 201836
- Board memberMark James Van Lill Sadie May 11, 2026 to now37
- Board memberKotzman Kelly Campbell May 5, 2025 to now38
- Board memberSimon Mullaly Oct 24, 2025 to now39
- Board memberNathan Lane May 23, 2024 to now40
- Board memberBernadette S. Aulestia Aug 16, 2023 to now41
- Board memberJean-Philippe Maheu Aug 16, 2023 to now42
- Board memberLauren Zalaznick Aug 16, 2023 to now43
- Board memberTiago Lourenco Aug 16, 2023 to Aug 16, 202344
- Board memberMark Zoradi Apr 1, 2021 to Feb 27, 202345
- Board memberJuliana F. Hill Aug 24, 2020 to now46
- Board memberDonna Reisman Nov 1, 2019 to Feb 27, 202347
- Board memberDavid Edward Glazek Nov 26, 2019 to now48
- Board memberMark B. Segall Mar 15, 2018 to Feb 27, 202349
- Board memberRenana Teperberg Mar 22, 2018 to Mar 22, 201850
- Board memberAndrew P. Glaze Jul 11, 2018 to Aug 5, 201951
- Board memberSoohyung Kim Sep 22, 2017 to Sep 9, 202252
- Board memberAndrew J. England Jan 7, 2016 to Jan 26, 201817
- Board memberThomas F. Lesinski Jan 5, 2015 to now53
- Board memberPeter B. Brandow Apr 16, 2015 to Apr 16, 201554
- Board memberPaula Williams Madison Mar 12, 2014 to Feb 20, 201855
- Board memberAmy E. Miles Jun 5, 2014 to Jun 5, 201456
- Board memberEdward H. Meyer Feb 7, 2007 to Jan 22, 201457
- Board memberKurt C. Hall Feb 7, 2007 to Feb 27, 202318
- Board memberLawrence A. Goodman Feb 7, 2007 to Feb 27, 202358
- Board memberLee Roy Mitchell Feb 7, 2007 to Feb 7, 200759
- Board memberMichael L. Campbell Feb 7, 2007 to Feb 7, 200760
- Board memberStephen L. Lanning Feb 7, 2007 to Feb 20, 201861
- Board memberJames R. Holland Jr. Feb 8, 2007 to Feb 19, 201462
- Board memberDavid R. Haas Feb 9, 2007 to Feb 25, 202063
- General counselMaria Vg Woods Sep 3, 2021 to now64
- General counselSarah Kinnick Hilty Feb 12, 2018 to May 4, 202165
- General counselRalph E. Hardy Feb 7, 2007 to Feb 7, 200766
Timeline
- Sep 21, 20268-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale67
- Aug 11, 20268-K Entered a material agreement; Regulation FD disclosure; Other events68
- Aug 11, 20268-K Results of operations69
- May 12, 20268-K Results of operations; Shareholder vote70
- Mar 27, 20268-K Bylaws or fiscal year changed71
- Feb 27, 20268-K Results of operations72
- Feb 26, 20268-K Results of operations73
- Dec 23, 20258-K Executive or director change74
- Nov 17, 20258-K Regulation FD disclosure75
- Nov 14, 20258-K Executive or director change76
- Oct 30, 20258-K Results of operations77
- Oct 22, 20258-K Executive or director change78
- Aug 5, 2019New chief executive Thomas F. Lesinski becomes CEO16
- Jan 7, 2016New chief executive Andrew J. England becomes CEO17
- Feb 8, 2007Went public Listed on NASDAQ1
- Feb 7, 2007New chief executive Kurt C. Hall becomes CEO18
- 2002Founded Founded1
Calendar
Coming up
- Oct 29, 2026Reports results for the quarter ending Sep/202679
When it reported results
- Aug 11, 2026Reported quarterly or annual results69
- May 12, 2026Reported quarterly or annual results70
- Feb 27, 2026Reported quarterly or annual results72
- Feb 26, 2026Reported quarterly or annual results73
- Oct 30, 2025Reported quarterly or annual results77
- Aug 5, 2025Reported quarterly or annual results80
- May 6, 2025Reported quarterly or annual results81
- Mar 6, 2025Reported quarterly or annual results82
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
412 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 64 major events, 219 insider forms, 37 large holders, 71 other. The latest 20:
- Oct 9, 2026SCHEDULE 13D EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 28, 2026144 EDGAR
- Sep 28, 2026144 EDGAR
- Sep 28, 2026144 EDGAR
- Sep 21, 20268-K EDGAR
- Sep 8, 2026SCHEDULE 13G/A EDGAR
- Aug 18, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 11, 20268-K EDGAR
- Aug 11, 20268-K EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Jul 29, 2026144 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
The 412 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
77 open-market trades by officers, directors and large owners since October 2021: 3 buys and 74 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Ng Ronnie Y.Chief Financial Officer | Sale | 1,000 | $4.05 | $4.0K | Form 4 |
| Aug 3, 2026 | Lesinski Thomas F.Chief Executive Officer | Sale | 50,623 | $4.18 | $211.6K | Form 4 |
| Jul 2, 2026 | Woods Maria VGChief Legal Officer | Sale | 12,058 | $3.77 | $45.5K | Form 4 |
| Jul 2, 2026 | Ng Ronnie Y.Chief Financial Officer | Sale | 32,328 | $3.77 | $121.9K | Form 4 |
| Jul 2, 2026 | Lesinski Thomas F.Chief Executive Officer | Sale | 70,168 | $3.77 | $264.5K | Form 4 |
| Jun 26, 2026 | Lesinski Thomas F.Chief Executive Officer | Sale | 28,900 | $3.62 | $104.6K | Form 4 |
| Jun 25, 2026 | Lesinski Thomas F.Chief Executive Officer | Sale | 46,100 | $3.55 | $163.7K | Form 4 |
| Jun 22, 2026 | Ng Ronnie Y.Chief Financial Officer | Sale | 19,000 | $3.42 | $65.0K | Form 4 |
| May 4, 2026 | Woods Maria VGChief Legal Officer | Sale | 5,509 | $3.45 | $19.0K | Form 4 |
| May 4, 2026 | Ng Ronnie Y.Chief Financial Officer | Sale | 12,925 | $3.45 | $44.6K | Form 4 |
| May 4, 2026 | Lesinski Thomas F.Chief Executive Officer | Sale | 20,181 | $3.45 | $69.6K | Form 4 |
| Apr 1, 2026 | Woods Maria VGChief Legal Officer | Sale | 12,066 | $3.04 | $36.7K | Form 4 |
| Apr 1, 2026 | Ng Ronnie Y.Chief Financial Officer | Sale | 32,350 | $3.04 | $98.3K | Form 4 |
| Apr 1, 2026 | Lesinski Thomas F.Chief Executive Officer | Sale | 64,699 | $3.04 | $196.7K | Form 4 |
| Mar 3, 2026 | Lesinski Thomas F.Chief Executive Officer | Sale | 31,106 | $3.55 | $110.4K | Form 4 |
| Dec 29, 2025 | Lesinski Thomas F.Chief Executive Officer | Sale | 37,847 | $3.89 | $147.2K | Form 4 |
| Dec 29, 2025 | Ng Ronnie Y.Chief Financial Officer | Sale | 20,991 | $3.89 | $81.7K | Form 4 |
| Dec 29, 2025 | Woods Maria VGChief Legal Officer | Sale | 9,043 | $3.89 | $35.2K | Form 4 |
| Nov 10, 2025 | Ng Ronnie Y.Chief Financial Officer | Sale | 21,194 | $3.89 | $82.4K | Form 4 |
| Oct 3, 2025 | Sullivan CatherinePresident - Sales & Marketing | Sale | 734 | $4.31 | $3.2K | Form 4 |
All 77 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.
- Blantyre Capital II LtdSCHEDULE 13D, 1 filing Oct 9, 202683
- ORBIS INVESTMENT MANAGEMENT LTDSCHEDULE 13G/A, 6 filings Nov 14, 2025 to Sep 8, 202684
- Hotchkis & Wiley Capital ManagementSCHEDULE 13G/A, 5 filings Nov 14, 2024 to Aug 12, 202685
- Blantyre Capital LtdSCHEDULE 13D/A, 4 filings Aug 16, 2023 to Sep 29, 202586
- BlackRockSC 13G, 4 filings Feb 3, 2022 to Nov 8, 202487
- Standard General L.P.SC 13G/A, 5 filings Jun 3, 2022 to Mar 22, 202488
- CinemarkSC 13D/A, 5 filings Apr 14, 2022 to Aug 24, 202389
- AMC TheatresSC 13G, 3 filings May 17, 2022 to Apr 10, 202390
- REGAL ENTERTAINMENT GROUPSC 13D/A, 1 filing Dec 30, 202291
- WASATCH ADVISORS LPSC 13G/A, 2 filings Feb 10, 2022 to Jun 6, 202292
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 1 filing Feb 14, 202293
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 | Thomas F. Lesinski | $960.6K | $2.7M94 | |
| 2025 | Catherine A. Sullivan | $630.0K | $2.5M94 | |
| 2025 | Ronnie Y. Ng | $623.1K | $1.7M94 | |
| 2025 | Maria V. Woods | $441.3K | $1.1M94 | |
| 2024 | Chief Executive Officer | $925.0K | $9.7M94 | |
| 2024 | Chief Financial Officer | $560.6K | $4.8M94 | |
| 2024 | Executive VicePresident | $425.0K | $2.7M94 | |
| 2023 | Chief Executive Officer | $925.0K | $4.6M94 | |
| 2023 | Chief Financial Officer | $550.0K | $1.9M94 |
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 |
|---|---|---|---|---|
| Blantyre Capital Ltd | 27,144,639 | $103.1M | 100.0% | No change |
| Hotchkis & Wiley Capital Management LLC | 9,451,093 | $35.9M | 0.1% | +1,553,240 |
| Orbis Allan Gray Ltd | 9,313,977 | $35.4M | 0.1% | +175,935 |
| BlackRock, Inc. | 5,771,528 | $21.9M | 0.0% | +422,582 |
| Vanguard Capital Management LLC | 3,221,372 | $12.2M | 0.0% | −6,999 |
| Wellington Management Group Llp | 3,220,165 | $12.2M | 0.0% | +444,984 |
| Geode Capital Management, LLC | 2,118,373 | $8.1M | 0.0% | +95,532 |
| Barclays PLC | 2,010,024 | $7.6M | 0.0% | −153,136 |
| Luxor Capital Group, LP | 1,960,660 | $7.5M | 0.8% | +139,923 |
| Dimensional Fund Advisors LP | 1,880,647 | $7.1M | 0.0% | −117,258 |
| Jpmorgan Chase & Co | 1,805,343 | $6.9M | 0.0% | +687 |
| Glendon Capital Management LP | 1,678,903 | $6.4M | 0.8% | No change |
| State Street Corp | 1,588,634 | $6.0M | 0.0% | −27,480 |
| Whitebox Advisors LLC | 1,342,084 | $5.1M | 0.2% | +100,000 |
| EVR Research LP | 1,160,000 | $4.4M | 2.2% | +30,000 |
| Bank of New York Mellon Corp | 698,209 | $2.7M | 0.0% | +24,899 |
| First Eagle Investment Management, LLC | 687,428 | $2.6M | 0.0% | +251,810 |
| Vanguard Portfolio Management LLC | 663,842 | $2.5M | 0.0% | +31,069 |
| Charles Schwab Investment Management Inc | 648,996 | $2.5M | 0.0% | −52,264 |
| Northern Trust Corp | 599,154 | $2.3M | 0.0% | +14,759 |
| Contrarian Capital Management, L.l.c. | 596,231 | $2.3M | 0.7% | No change |
| Vanguard Fiduciary Trust Co | 589,074 | $2.2M | 0.0% | +5,949 |
| Axxion S.A. | 492,633 | $1.9M | 0.1% | New |
| Voya Investment Management LLC | 485,860 | $1.8M | 0.0% | −59,046 |
| Marshall Wace, Llp | 480,033 | $1.8M | 0.0% | +3,448 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How National CineMedia is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNational CineMedia, Inc.2
- CIK0001377630
- Employer ID (EIN)20-566560215
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company15
- Incorporated inDelaware15
- Fiscal year endsDecember 312
- Industry code (SIC)7310 Services-Advertising2
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
- Business address6300 S. Syracuse Way, Suite 300, Centennial, CO 801112
- Phone(303) 792-36002
- Shares outstanding94,070,443 as of Aug 6, 202613
- Public float$322.3M as of Jun 26, 202515
- AuditorGRANT THORNTON LLP, Denver, Colorado PCAOB ID 248; it also attests to the company’s internal control over financial reporting15
- On EDGAR sinceOct 13, 20062
- Filings1,554 in all: 4 (732), 8-K (259), SC 13G/A (88), 10-Q (59), 3 (59), SC 13D/A (57), SC 13G (32), 144 (31)2
All 43 form types
DEFA14A (25), 4/A (23), 10-K (20), CORRESP (20), DEF 14A (20), UPLOAD (20), 8-K/A (9), S-8 (8), SCHEDULE 13G/A (8), EFFECT (7), POSASR (7), SC 13D (7), S-1/A (6), S-3 (6), 424B3 (5), PRE 14A (5), S-8 POS (5), ARS (4), S-3MEF (4), 10-K/A (3), 10-Q/A (3), CT ORDER (3), NT 10-K (2), S-3/A (2), S-3ASR (2), SCHEDULE 13D/A (2), SCHEDULE 13G (2), SEC STAFF LETTER (2), 424B4 (1), 5 (1), 8-A12B (1), CERTNAS (1), FWP (1), S-1 (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 11, 2026
Proxy statement (DEF 14A) Mar 27, 2026
Latest 8-K (8-K) Sep 21, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | NCMI | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).15
Risk factors and legal proceedings
The risks National CineMedia names in Item 1A of its 10-K filed Feb 26, 2026: 35 risks under these headings, as written.15
- Risks Related to Our Business and Industry
- Significant declines in theater attendance could reduce the attractiveness of cinema advertising and could reduce our revenue.
- Changes in theater patron behavior could result in declines in the viewership of The Noovie® Show which could reduce the attractiveness of cinema advertising and our revenues.
- Changes in the ESAs with, or lack of support by, the ESA Parties could adversely affect our revenue, growth and profitability.
- If the non-competition provisions of the ESAs or other advertising agreements are deemed unenforceable, the counterparties could compete against us and our business could be adversely affected.
- The ESA with an ESA Party that has declared bankruptcy may be rejected, renegotiated or deemed unenforceable.
- Pandemics, epidemics or disease outbreaks, such as the COVID-19 virus, have disrupted and could materially affect our business and the business of NCM LLC’s network theaters in the future.
- We may not realize the anticipated benefits of additional Post-Showtime inventory or be successful in increasing the number of theaters in which NCM LLC has the right to display Post-Showtime inventory.
- Our business relies heavily on technology systems, and any failures, disruptions or cyberattacks may materially and adversely affect our operations.
- Our plans for developing additional digital or digital out-of-home revenue opportunities may not be implemented and may not be achieved.
- The 2025 Credit Facility contains restrictions and may not provide sufficient capital resources and flexibility for the Company in the future.
- The personal information we collect and maintain through our data and digital services, as well as from third-party sources, may expose us to liability or cause us to incur greater operating expenses.
The other 24 risks
- Changes in laws, regulations or rules relating to privacy, data security, the Internet or other areas of our data and digital services may result in the need to alter our business practices or incur greater operating expenses.
- The markets for advertising are competitive and we may be unable to compete successfully.
- If we do not continue to upgrade our technology, our business could fail to grow and revenue and operating margins could decline.
- Economic uncertainty or deterioration in economic conditions may adversely impact our business, operating results or financial condition.
- We are subject to risks from changes to regulations, government funding, trade policies and tariffs imposed by governments that impact our advertising clients.
- Our Adjusted OIBDA is derived from high margin advertising revenue. Our contractual costs will grow over time, and the reduction in spending by or loss of a national advertiser or group of local advertisers or failure to grow our advertising revenue in line with these costs could have a meaningful adverse effect on our business.
- Our contracts for theater advertising allow certain counterparties to engage in activities that might compete with certain elements of our business, which could reduce our revenue and growth potential.
- We depend upon our senior management and our business may be adversely affected if we cannot retain or replace them.
- Our use of AI in our offerings may not result in the expected benefits.
- The ESA Parties and our network affiliates are subject to substantial government regulation, which could limit their current business, slow their future growth of locations and screens and in turn impact our business and slow our growth prospects.
- We may be unable to realize the expected benefits and synergies of any acquisitions or investments.
- We may be unable to effectively manage changes to our business strategy to continue the growth of our advertising inventory and network.
- Our revenue and Adjusted OIBDA fluctuate from quarter to quarter and may be unpredictable, which could increase the volatility of our stock price.
- Our business, services or technology may infringe on intellectual property rights owned by others, which may interfere with our ability to provide services or expose us to increased liability or expense, or otherwise may be affected by our efforts to protect our intellectual property or restrictions or obligations in third-party licenses.
- Risks Related to Our Corporate Structure
- We are a holding company with no operations of our own, and we depend on distributions and payments under the NCM LLC operating and management services agreements from NCM LLC to meet our ongoing obligations.
- The Company’s actual financial results following NCM LLC’s emergence from bankruptcy may not be comparable to the Company’s historical financial information or to NCM LLC’s projections filed with the Bankruptcy Court.
- NCM LLC’s other equityholders or their affiliates, as well as our largest stockholders, may have interests that differ from those of our public stockholders and they may be able to influence our affairs.
- The original agreements between us and the ESA Parties were made in the context of an affiliated relationship and may contain different terms than comparable agreements with unaffiliated third parties.
- Our certificate of incorporation and bylaws contain anti-takeover protections that may discourage or prevent strategic transactions, including a takeover of our Company, even if such a transaction would be beneficial to our stockholders.
- Any future issuance of membership units by NCM LLC and subsequent redemption of such units for common stock could dilute the voting power of our existing common stockholders and adversely affect the market value of our common stock.
- Our future issuance of preferred stock could dilute the voting power of our common stockholders and adversely affect the market value of our common stock.
- If we are determined to be an investment company, we would become subject to burdensome regulatory requirements and our business activities could be restricted.
- Our TRA with Cinemark is expected to reduce the amount of overall cash flow that would otherwise be available to us and will increase our potential exposure to the financial condition of Cinemark.
- The substantial number of shares that are eligible for sale could cause the market price for our common stock to decline or make it difficult for us to sell equity securities in the future.
Legal proceedings
We are sometimes involved in legal proceedings arising in the ordinary course of business. We are not aware of any litigation currently pending that would have a material adverse effect on our operating results or financial condition.
The opening of Item 3, Legal Proceedings.15
Links
- Websitewww.nationalcinemedia.com1
- WikipediaNational CineMedia
- WikidataQ6971495
- SEC EDGARCIK 1377630
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataNational CineMedia on Wikidata
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- 3WikipediaNational CineMedia on Wikipedia
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- 5Wikimedia CommonsNational CineMedia logo by National CineMedia, Public domain
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- 19SEC EDGARKurt C. Hall, Chair
- 20SEC EDGARScott D. Felenstein, President
- 21SEC EDGARClifford E. Marks, President
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- 31SEC EDGARSoohyung Kim, Officer
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- 38SEC EDGARKotzman Kelly Campbell, Board member
- 39SEC EDGARSimon Mullaly, Board member
- 40SEC EDGARNathan Lane, Board member
- 41SEC EDGARBernadette S. Aulestia, Board member
- 42SEC EDGARJean-Philippe Maheu, Board member
- 43SEC EDGARLauren Zalaznick, Board member
- 44SEC EDGARTiago Lourenco, Board member
- 45SEC EDGARMark Zoradi, Board member
- 46SEC EDGARJuliana F. Hill, Board member
- 47SEC EDGARDonna Reisman, Board member
- 48SEC EDGARDavid Edward Glazek, Board member
- 49SEC EDGARMark B. Segall, Board member
- 50SEC EDGARRenana Teperberg, Board member
- 51SEC EDGARAndrew P. Glaze, Board member
- 52SEC EDGARSoohyung Kim, Board member
- 53SEC EDGARThomas F. Lesinski, Board member
- 54SEC EDGARPeter B. Brandow, Board member
- 55SEC EDGARPaula Williams Madison, Board member
- 56SEC EDGARAmy E. Miles, Board member
- 57SEC EDGAREdward H. Meyer, Board member
- 58SEC EDGARLawrence A. Goodman, Board member
- 59SEC EDGARLee Roy Mitchell, Board member
- 60SEC EDGARMichael L. Campbell, Board member
- 61SEC EDGARStephen L. Lanning, Board member
- 62SEC EDGARJames R. Holland Jr., Board member
- 63SEC EDGARDavid R. Haas, Board member
- 64SEC EDGARMaria Vg Woods, General counsel
- 65SEC EDGARSarah Kinnick Hilty, General counsel
- 66SEC EDGARRalph E. Hardy, General counsel
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- 69SEC EDGARResults of operations
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- 71SEC EDGARBylaws or fiscal year changed
- 72SEC EDGARResults of operations
- 73SEC EDGARResults of operations
- 74SEC EDGARExecutive or director change
- 75SEC EDGARRegulation FD disclosure
- 76SEC EDGARExecutive or director change
- 77SEC EDGARResults of operations
- 78SEC EDGARExecutive or director change
- 79NasdaqNasdaq calendar
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