NIQ Global Intelligence plc
NIQ · Services-Computer Programming, Data Processing, Etc. · 295.1M shares · EDGAR filings ↗
Reference price $8.43 · est. market cap ~$2.5B — last insider purchase, 2026-05-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C56Consumer-intelligence / data company (recent IPO) — net loss but strong free cash flow, with very high leverage.
Strengths
- Strong free cash flow — FCF $264M (67th), FCF margin 6%
- Durable consumer-measurement franchise — per 10-K
Risks
- Net loss — net margin -8%, ROE -36% (13th)
- Very high leverage, thin liquidity — D/E 3.65 (100th), current ratio 1.03 (21st)
- Integration/competition risk — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- High leverageHigh leverage (debt/equity 3.65)
- Net lossNet loss (net margin -8.4%)
- Material weakness• We identified material weaknesses in our internal control over financial reporting
- Customer concentration~81% of revenue from one customer/distributor — Our Intelligence solutions accounted for approximately 81% of our revenue for the year ended December 31, 2025
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$1M, last 6mo) Form 4 ↗
- China exposure• Export controls and economic and trade sanctions laws could impair our ability to compete in international markets and subject us to liability if we are not in full compliance with applicable laws
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
2.0%
Net margin
-8.4%
Return on equity
-35.7%
Return on assets
-5.2%
ROIC
1.5%
Revenue growth (QoQ)
-5.8%
Debt / equity
3.7×
Net debt / EBITDA
4.3×
Current ratio
1.0×
Free cash flow
$264M
EBITDA
$718M
Tangible book value
-$3.6B
Cash & investments
$519M
Stock comp / revenue
1.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-28 | Klein-Boelting Ralf | Grant | 22K | — |
| 2026-05-28 | Mason Racquel Harris | Grant | 22K | — |
| 2026-05-28 | Simonelli Charlotte C | Grant | 22K | — |
| 2026-05-28 | Lempres Elizabeth Cahill | Grant | 22K | — |
| 2026-05-28 | Rawlinson David | Grant | 22K | — |
| 2026-05-28 | Hamood Samuel A | Grant | 22K | — |
| 2026-05-28 | LACHMAN TODD R | Grant | 22K | — |
| 2026-05-18 | Peck James M | Buy | 119K | $8.43 |
| 2026-05-06 | Zitting Shaun Ellen | Tax withheld | 1.5K | $10.54 |
| 2026-05-06 | Palm Jamie E | Tax withheld | 891 | $10.54 |
| 2026-05-06 | Blenke John W | Tax withheld | 850 | $10.54 |
| 2026-02-18 | Miller Curtis John | Grant | 40K | — |
| 2026-02-18 | Zitting Shaun Ellen | Grant | 40K | — |
| 2026-02-18 | Kapoor Mohit | Grant | 53K | — |
| 2026-02-18 | Palm Jamie E | Grant | 12K | — |
| 2026-02-18 | Burwell Michael J | Grant | 66K | — |
| 2026-02-18 | Peck James M | Grant | 277K | — |
| 2026-02-18 | Blenke John W | Grant | 40K | — |
| 2026-02-06 | Zitting Shaun Ellen | Tax withheld | 6.6K | $11.54 |
| 2026-02-06 | Palm Jamie E | Tax withheld | 4.2K | $11.54 |
| 2026-02-06 | Blenke John W | Tax withheld | 4.0K | $11.54 |
| 2025-09-05 | Massey Tracey Ann | Buy | 18K | $16.97 |
| 2025-09-03 | Kapoor Mohit | Buy | 15K | $16.76 |
| 2025-08-29 | Peck James M | Buy | 30K | $17.24 |
| 2025-08-28 | Miller Curtis John | Buy | 10K | $16.97 |
| 2025-08-20 | Blenke John W | Grant | 22K | — |
| 2025-08-20 | Burwell Michael J | Grant | 405K | — |
| 2025-08-20 | Hamood Samuel A | Grant | 1.7K | — |
| 2025-08-20 | Zitting Shaun Ellen | Grant | 32K | — |
| 2025-08-20 | Massey Tracey Ann | Grant | 255K | — |
| 2025-08-20 | Klein-Boelting Ralf | Grant | 15K | — |
| 2025-08-20 | Lomholt-Thomsen Steen | Grant | 203K | — |
| 2025-08-20 | Lempres Elizabeth Cahill | Grant | 19K | — |
| 2025-08-20 | Palm Jamie E | Grant | 4.1K | — |
| 2025-07-24 | Palm Jamie E | Buy | 5.0K | $21.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-26 | Shareholder vote | filing ↗ |
| 2026-05-14 | ResultsExhibits | filing ↗ |
| 2026-02-27 | ResultsExhibits | filing ↗ |
| 2026-02-02 | ResultsExec/director changeExhibits | filing ↗ |
| 2025-11-13 | ResultsExhibits | filing ↗ |
| 2025-08-14 | ResultsExhibits | filing ↗ |
| 2025-07-24 | Material agreement3.03Exec/director change5.03Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-26 | 2026-05-21 | 0002054696-26-000018 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001628280-26-034787 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001628280-26-034786 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001628280-26-012572 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001628280-26-012571 ↗ |
| 8-K | 2026-02-02 | 2026-01-30 | 0001628280-26-004464 ↗ |
| 10-Q | 2025-11-13 | 2025-09-30 | 0001628280-25-051838 ↗ |
| 8-K | 2025-11-13 | 2025-11-13 | 0001628280-25-051837 ↗ |
| 10-Q | 2025-08-15 | 2025-06-30 | 0002054696-25-000012 ↗ |
| 8-K | 2025-08-14 | 2025-08-14 | 0002054696-25-000009 ↗ |
| 8-K | 2025-07-24 | 2025-07-24 | 0001193125-25-164427 ↗ |