NRCNasdaq

NRC HEALTH

Services-Commercial Physical & Biological Research · DE · CIK 70487

NRC Health provides service offerings and solutions to the healthcare industry

red 8-K · 90d

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$423M

Market cap

$21.64

Last close

+4.0%

+11.0%

79K

Volume

Price · last 39 sessions+18.8%

May 4L $17.75 · H $21.64Jun 29

241

Total filings

Jun 29, 2026

Last filing

12/31

Fiscal year end

All 8-K · 128 10-Q · 56 DEF 14A · 20 10-K · 19 SC 13G · 8 SC 13D · 3 SC 13D/A · 2 10-K/A · 2

Insider Activity

In the 90 days to Feb 17, 2026: 1 insider bought $98K.

Date	Insider	Action	Shares	Price	Value
Feb 17, 2026	Harrison Shane REVP & Chief Financial Officer	Buy	8,000	$12.27	$98K

Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.

What Changed

Risk factors · Mar 17, 2025 → Mar 5, 2026

10 added · 17 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.

Newly disclosed

(9) a write-off of goodwill, software development costs, customer lists, other intangibles and amortization of expenses; and (10) an acquisition target may have differing or inadequate cybersecurity, data protection, or financial reporting.
In addition, the risk of cyber-attacks has increased in connection with the military conflict between Russia and Ukraine and the resulting geopolitical conflict.
In addition, the new administration has imposed new or increased tariff rates on imported goods from a number of countries.
Some of the factors, events and contingencies discussed below may have occurred in the past, but the disclosures below are not representations as to whether or not the factors, events or contingencies have occurred in the past and instead reflect our beliefs and opinions as to the factors, events or contingencies that could materially and adversely affect us in the future.
The use of AI by bad actors may make cyber-attacks more difficult to anticipate or detect.
We cannot assure you that we will be able to recruit, retain, and motivate a sufficient number of qualified personnel to compete successfully. 15 Table of Contents Like many other companies, we experienced higher attrition rates in the last several years.
They also may be able to develop and deploy viruses, worms, ransomware, and other malicious software programs that attack our systems or otherwise exploit any security vulnerabilities.
Our competitors may increase their resources through organic growth, as well as consolidation with other competitors.
The U.S. administration and certain members of Congress have indicated a desire to amend the federal tax laws.
If we are unable to achieve a proper revenue to cost ratio our profitability could decrease.

No longer disclosed

They also may be able to develop and deploy viruses, worms, ransomware, and other malicious software programs that attack our systems or otherwise exploit any security vulnerabilities In addition, the risk of cyber-attacks has increased in connection with the military conflict between Russia and Ukraine and the resulting geopolitical conflict.
Green's hiring and compensation, we expect to terminate the existing long-term incentive program for our executive leadership team with the consent of the impacted participants and adopt a new incentive program during the second quarter of 2025, which could result in additional expenses.
In December 2024, Linda Stacy left her position as our Principal Accounting Officer, in January 2025, Christophe Louvion, left his position as our Chief Product Technology Officer, and in March 2025, Jason Hahn left his position as Chief Revenue Officer.
In addition, the new administration has stated its intention to impose new or increased tariff rates on imported goods from a number of countries, including China, Canada, Mexico, and the EU.
In addition, we expect to recognize compensation expense of approximately $608,000 (based on the price of our common stock on February 28, 2025) per quarter for Mr.
During the second quarter of 2025 we expect to recognize compensation expense of $4.9 million (based on the price of our common stock on February 28, 2025) for Mr.
Green will begin serving as our Chief Executive Officer and as a director on June 1, 2025, his start date may be delayed or may never occur.
Stacy has been temporarily appointed as Interim Principal Financial Officer, these departures or departures of other key executive may result in lack of continuity, operational issues and we may not realize the expected benefits and results from compensation structures we have put in place. 15 Table of Contents Like many other companies, we experienced higher attrition rates in the last several years.
In May 2023, the federal government lifted its Federal Public Health Emergency Declaration related to COVID-19.
Green's equity grant beginning in June 2025 and continuing through the third anniversary of the grant.
(8) dilutive issuances of equity securities; and (9) a write-off of goodwill, software development costs, client lists, other intangibles and amortization of expenses.
Client contracts are generally cancelable on short notice without penalty; however we are entitled to payment for services through the cancellation date.

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