NRUC

MKT CAP:—

National Rural Utilities Cooper

Market Cap

—

Financial Services·Financial - Credit Services·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$24.03+$0.14 (+0.59%)

Apr 21, 2026

Company Details

CFC offers long-term shelf financing for electric infrastructure projects such as distribution lines and power generation projects. Emergency credit lines are available so that power can be restored quickly following natural disasters. Farm...

CEO

None

IPO Date

May 8, 2019

Website

www.nrucfc.coop

Key Metrics TTM

Revenue

$466M

+57.3% YoY

Net Income

$308M

EPS (Diluted)

$0.00

Free Cash Flow

$249M

Revenue / Share

—

Gross Margin

100.0%

Operating Margin

68.3%

Net Margin

66.2%

FCF Margin

53.5%

P/S

—

P/E

—

Earnings Reports

Q1 2026

Oct 14, 2025

$46M+135.8%EPS $0.00

FY 2025

Aug 5, 2025

$292M-57.3%EPS $0.00

Q4 2025

Aug 5, 2025

$119M-34.5%EPS $0.00

Q3 2025

Apr 11, 2025

$120M+93.1%EPS $0.00

Q2 2025

Jan 13, 2025

$181M+0.7%EPS $0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$160M	$160M	$136M
Q3 22	$286M	$286M	$263M
Q4 22	$517M	$517M	$493M
Q1 23	$188M	$101.6K	$162M
Q2 23	$218M	$83M	$190M
Q3 23	$189M	$77M	$164M
Q4 23	$19M	$173M	-$13M
Q1 24	$261M	$261M	$230M
Q2 24	$180M	$180M	$148M
Q3 24	$62M	$62M	$32M
Q4 24	$182M	$182M	$149M
Q1 25	-$128M	-$128M	-$164M
Q2 25	$181M	$181M	$145M
Q3 25	$120M	$120M	$87M
Q4 25	$119M	$119M	$82M
Q1 26	$46M	$46M	$5M

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	-$4M	-$9M
Q3 22	$132M	$128M
Q4 22	$871.0K	-$4M
Q1 23	$146M	$141M
Q2 23	$31M	$25M
Q3 23	$120M	$116M
Q4 23	$41M	$48M
Q1 24	$116M	$115M
Q2 24	$30M	$28M
Q3 24	$121M	$119M
Q4 24	$53M	$51M
Q1 25	$37M	$35M
Q2 25	$64M	$63M
Q3 25	$150M	$149M
Q4 25	-$43M	-$44M
Q1 26	$82M	$82M

Capital Expenditures

Quarter	CapEx
Q2 22	$5M
Q3 22	$4M
Q4 22	$5M
Q1 23	$5M
Q2 23	$6M
Q3 23	$4M
Q4 23	$7M
Q1 24	$1M
Q2 24	$2M
Q3 24	$2M
Q4 24	$2M
Q1 25	$1M
Q2 25	$1M
Q3 25	$1M
Q4 25	$1M
Q1 26	$320.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-14.6%	-4.3%
Q3 22	-29.0%	-2.0%
Q4 22	+233.8%	+1.9%
Q1 23	+385.0%	+5.4%
Q2 23	+36.4%	+18.0%
Q3 23	-33.9%	+9.7%
Q4 23	-96.3%	+27.2%
Q1 24	+39.0%	+23.4%
Q2 24	-17.3%	+15.7%
Q3 24	-67.2%	+18.5%
Q4 24	+862.6%	+5.8%
Q1 25	-148.9%	+15.2%
Q2 25	+0.7%	+14.0%
Q3 25	+93.1%	+11.0%
Q4 25	-34.5%	+12.7%
Q1 26	+135.8%	+12.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	—
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$11M	$12M
Q3 22	$10M	$13M
Q4 22	$12M	$13M
Q1 23	$12M	$14M
Q2 23	$13M	$14M
Q3 23	$11M	$15M
Q4 23	$15M	$16M
Q1 24	$16M	$16M
Q2 24	$15M	$17M
Q3 24	$13M	$17M
Q4 24	$15M	$18M
Q1 25	$19M	$17M
Q2 25	$18M	$17M
Q3 25	$15M	$18M
Q4 25	$18M	—
Q1 26	$21M	$20M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$104M	$0	$104M
Q4 22	$154M	$0	$154M
Q1 23	$232M	$0	$232M
Q2 23	$272M	$0	$272M
Q3 23	$173M	$0	$173M
Q4 23	$199M	$0	$199M
Q1 24	$200M	$0	$200M
Q2 24	$129M	$0	$129M
Q3 24	$145M	$0	$145M
Q4 24	$280M	$318M	$598M
Q1 25	$265M	$243M	$508M
Q2 25	$347M	$200M	$547M
Q3 25	$245M	$162M	$407M
Q4 25	$135M	$125M	$260M
Q1 26	$257M	$87M	$345M
Q2 26	$304M	$59M	$363M

Shares Outstanding

Quarter	QoQ Change	YoY Change
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	—	—
Q1 26	—	—

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	$70.1K	270
Q1 24	$967.5K	270
Q2 24	$666.3K	270
Q3 24	$229.9K	270
Q4 24	$630.4K	289
Q1 25	-$442.3K	289
Q2 25	$626.7K	289
Q3 25	$414.6K	289
Q4 25	$221.0K	540
Q1 26	$84.6K	540

Revenue / Employee