Nuvera Communications, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Nuvera Communications, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	42.3	46.9	56.4	64.9	64.9	65.8	65.7	65.8	69.2	71.8
Cost of revenue	8.09	8.07
Gross profit	34.2	38.8
Selling, general and administrative	7.05	7.19	9.86	10.9	9.85	10.4	9.92	9.94	10.4	11.3
Operating income	5.41	9.46	12.4	14.1	15	13.9	11.5	9.24	9.89	9.88
Interest expense	1.43	1.19	2.28	3.4	2.5	2.13	3.49	6.82	11.2	12.1
Interest income	0.09	0.1	0.23	0.17	0.2	0.18	0.26	0.18	0.17	0.22
Other non-operating income	-0.52	-0.31	-1.15	-2.43	-1.12	2.1	-1.61	-10.1	-14	-9.3
Pre-tax income	4.89	9.15	11.2	11.6	13.9	16	9.9	-0.9	-4.1	0.58
Income tax	2.03	-0.8	3.44	3.31	4.06	3.73	2.7	2.32	0.33	0.25
Net income	2.85	9.95	7.76	8.33	9.84	12.3	7.2	-3.21	-4.43	0.33
EBITDA	15.2	19.2	22.8	26.3	27.3	26.5	25.8	24.9	28.2	29.9
EPS, basic	0.56	1.93	1.50	1.61	1.89	2.35	1.41	-0.63	-0.86	0.06
EPS, diluted	0.56	1.93	1.50	1.60	1.89	2.35	1.41	-0.62	-0.83	0.06
Shares, basic (weighted)	5.13	5.15	5.17	5.18	5.19	5.21	5.09	5.12	5.16	5.2
Shares, diluted (weighted)	5.13	5.15	5.17	5.19	5.2	5.22	5.12	5.19	5.33	5.48
Dividend per share	0.36	0.40	0.46	0.51	0.26	0.55	0.56	0.28	0.00	0.00

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.62	1.84	1.58	2.99	8.62	2.31	0.31	1.26	1.89	0.35
Receivables	2.23	1.94	3.98	2.36	1.89	2.43	3.73	3.41	2.31	2.79
Inventory	1.86	2.08	2.58	2.83	2.97	5.36	23.6	34.4	24.7	18.6
Other current assets	0.72	0.82	0.77	0.83	1	1.89	1.89	2.25	1.99	2.06
Total current assets	5.46	6.71	9.22	9	15.1	13.4	29.8	41.4	31.6	25
Property, plant and equipment	42.9	41.9	64.5	68.1	70.5	81.1	106	156	184	196
Lease right-of-use assets				1.56	1.21	1.15	1.34	1.35	1.09	1.39
Goodwill	39.8	39.8	49.9	49.9	49.9	49.9	49.9	40.6	35.6	35.6
Intangible assets	18.7	16.3	27.4	24.1	21.6	18.3	16.4	14.5	12.4	10.4
Other non-current assets			0.02	0.18	0.3	0.42	0.46	0.88	0.8	0.71
Total assets	114	112	160	162	169	175	217	264	274	278
Accounts payable	2.38	2.08	3.06	1.81	1.6	3.24	7.01	12.8	11.4	12.4
Accrued liabilities	1.91	1.83	2.32	2.51	2.25	2.12	2.05	1.56	0.94	1.88
Deferred revenue			0.29
Short-term debt	3.38	3.38	4.61	4.61	6.89	4.61		0	0	1.88
Total current liabilities	8.29	8.52	10.9	11.2	12	10.8	11.7	18.6	15	17
Long-term debt	28.3	24	57.1	51.1	47.2	43.1	78.6	123	141	142
Lease liabilities				1.15		0.91	1.03	1.03	0.92	1.15
Other non-current liabilities			17.6	19.3	21.8	22.1	24.5	24.4	23.9	24.2
Total liabilities	54.1	43.9	85.6	81.5	81	76.1	115	166	180	183
Total debt	31.6	27.3	61.6	55.6	53.9	47.6	78.6	123	141	144
Retained earnings	51.7	59.8	66.2	72.1	80.7	90.3	92.4	88.5	84.8	85.8
Other comprehensive income	-0.01	0.02	-0.29	-0.19	-1.94	-0.63	1.58	0.96	0.34	0.09
Shareholders' equity	60.3	68.4	74.6	80.8	87.6	98.7	103	98	93.8	94.6
Total equity	60.3	68.4	74.6	80.8	87.6	98.7	103	98	93.8	94.6
Total liabilities and equity	114	112	160	162	169	175	217	264	274	278
Shares outstanding	5.14	5.16	5.18	5.19	5.2	5.21	5.09	5.13	5.18	5.22

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	2.85	9.95	7.76	8.33	9.84	12.3	7.2	-3.21	-4.43	0.33
Depreciation and amortization	9.82	9.71	10.4	12.2	12.2	12.6	14.3	15.6	18.3	20
Stock-based compensation		0.01	0.07	0.19	0.07	0.19	0.06	0.22	0.4	0.28
Deferred income tax	-1.24	-1.45	0.13	0.29	1.22	1.97	2.37	0.52	-0.05	0.15
Change in receivables	-1	0.21	-1.33	1.63	0.48	-0.54	0.03	-0.19	1.07	-0.26
Change in inventory	0.65	-0.22	-0.08	-0.25	-0.14	-0.21	0.01	0.04	0.15	0.03
Change in payables	0.37	-0.3	0.55	-0.95	-0.09	0.04	0.2	0.05	0.05	0.5
Cash from operations	12.2	13.9	17.3	23	21.2	20.8	26.5	19	19	19.2
Capital expenditures	-5.73	-6.27	-6.96	-13	-12	-19	-38	-55.5	-53.8	-33.2
Acquisitions			-42.1
Cash from investing	-5.86	-6.34	-49.3	-12.7	-12.9	-21.3	-53.6	-62.8	-44	-27
Debt issued			64.6		2.89		56.1	40	125	0
Debt repaid	-2.03	-2.7	-29.9	-6.11	-4.62	-4.61	-57.3	0	-100	0
Share buybacks				-0.11	-0.24	-0.17	-3.19
Dividends paid	-1.84	-2.04	-2.38	-2.64	-1.35	-2.86	-2.84	-1.43	0
Cash from financing	-6.26	-6.37	31.8	-8.87	-2.67	-5.84	25.1	44.8	25.6	6.32
Net change in cash	0.06	1.23	-0.26	1.41	5.62	-6.31	-2	0.95	0.63	-1.54
Free cash flow	6.46	7.67	10.3	9.93	9.24	1.77	-11.5	-36.6	-34.8	-14.1
Interest paid	1.34	1.09	1.98	3.35	2.03	2.2	1.51	7.13	10.1	11.1
Income taxes paid	2.6	4.51	4.29	1.99	4.14	2.56	-0.77	0.93	1.12	1.04

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $16.50 on September 28, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	15.5%	Operating income / revenue.
EBITDA margin	41.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	2.4%	Pre-tax income / revenue.
Net margin	1.6%	Net income / revenue.
FCF margin	-15.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	29.0%	Cash from operations / revenue.
Effective tax rate	33.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	1.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.4%	Net income / average total assets.
Return on invested capital (ROIC)	3.1%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	15.2%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	44.7%	Capital expenditures / revenue.
D&A / revenue	25.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	3.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	3.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	2.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-0.1%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-5.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-8.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	6.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	5.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	1.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 3y	-64.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-49.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS CAGR, 3y	-65.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-49.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	1.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-10.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-2.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	0.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-2.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	1.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	10.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	2.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	2.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.90x	Current assets / current liabilities.
Quick ratio	0.02x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.02x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.50x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	52.6%	Total debt / total assets.
Liabilities / assets	65.0%	Total liabilities / total assets.
Net debt	$144.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	4.88x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	1.84x	Operating income / interest expense.
Working capital	$12.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	16.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	$51.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.26x	Revenue / average total assets.
Fixed asset turnover	0.37x	Revenue / average property, plant and equipment.
FCF conversion	-992.3%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	154.1%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.20	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$12.96	Revenue / diluted weighted shares.
FCF per share	-$2.03	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.76	Cash from operations / diluted weighted shares.
Book value per share	$18.39	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$9.81	Tangible book value / shares outstanding.
Cash per share	$0.05	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$86.5M	Share price x shares outstanding.
Enterprise value	$231.0M	Market cap + total debt - cash - short-term investments.
P/E	75.9x	Market cap / net income. Only when net income is positive.
P/S	1.20x	Market cap / revenue.
P/B	0.90x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.68x	Market cap / tangible book value, when positive.
P/OCF	4.13x	Market cap / cash from operations, when positive.
EV/Sales	3.20x	Enterprise value / revenue.
EV/EBIT	20.6x	Enterprise value / operating income, when both are positive.
EV/EBITDA	7.80x	Enterprise value / EBITDA, when both are positive.
FCF yield	-13.1%	Free cash flow / market cap.
Earnings yield	1.3%	Net income / market cap (the inverse of P/E).

What was Nuvera Communications, Inc.'s revenue in fiscal 2025?

Nuvera Communications, Inc. reported revenue of $71.8M for fiscal 2025, 3.7% higher than the year before.

Was Nuvera Communications, Inc. profitable in fiscal 2025?

Yes. Net income was $327.7K, a net margin of 0.5%.

How much free cash flow did Nuvera Communications, Inc. generate in fiscal 2025?

Cash from operations of $19.2M minus capital expenditures of $33.2M left free cash flow of -$14.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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