National Research Reports Q2 Earnings with Strong TRCV Growth
National Research Corporation (NASDAQ:NRC) reported second-quarter results showing an 11% year-over-year increase in Total Recurring Contract Value (TRCV), reaching $151.9 million as of June 30, driven by strong performance across its Experience and Governance Institute businesses. Revenue grew approximately 4%, while adjusted EBITDA reached $9.4 million with a margin of 27%. The company is expanding implementation efforts for a major customer win that began in July at 25 hospitals and ambulatory sites, with full deployment expected by year-end. Management highlighted continued investment in product development, AI-enabled rounding solutions, and cross-selling opportunities among existing customers. Despite a two-percentage-point headwind from a revenue recognition change affecting certain offerings, the company remains optimistic about future growth as TRCV is expected to drive reported revenue over time. NRC also repurchased 397,000 shares during the quarter while maintaining its $0.16 quarterly dividend.
Tickers: $NRC
Topics: customer_deployments ebitda_growth recurring_contract_value stock_repurchase