NGVC — what changed in the latest 10-Q
A section-by-section comparison of NGVC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +3 | −3 | ~43 | 42 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
Net income. Net income was $11.1 million for the three months ended June 30, 2026, a decrease of $0.5 million, or 4.6%, compared to net income of $11.6 million for the three months ended June 30, 2025. Net income was $35.8 million for the nine months ended June 30, 2026, an increase of $1.2 million,…
Gross profit decreased $0.3 million, or 0.3%, to $98.0 million for the three months ended June 30, 2026 compared to $98.3 million for the three months ended June 30, 2025. Gross profit reflects earnings after product and store occupancy costs. Gross margin decreased to 29.3% for the three months end…
Administrative expenses decreased $1.4 million, or 13.2%, to $9.5 million for the three months ended June 30, 2026 compared to $10.9 million for the three months ended June 30, 2025. Administrative expenses as a percentage of net sales were 2.8% and 3.3% for the three months ended June 30, 2026 and …
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Net income. Net income was $13.4 million for the three months ended March 31, 2026, an increase of $0.3 million, or 2.5%, compared to net income of $13.1 million for the three months ended March 31, 2025. Net income was $24.8 million for the six months ended March 31, 2026, an increase of $1.7 milli…
Gross profit increased $0.7 million, or 0.7%, to $102.4 million for the three months ended March 31, 2026 compared to $101.7 million for the three months ended March 31, 2025. Gross profit reflects earnings after product and store occupancy costs. Gross margin increased to 30.4% for the three months…
Administrative expenses increased $1.1 million, or 10.0%, to $12.1 million for the three months ended March 31, 2026 compared to $11.0 million for the three months ended March 31, 2025. The increase in administrative expenses was primarily driven by higher technology expenses. Administrative expense…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice