{
  "url": "https://struct.news/briefs/niqs-reported-capex-fell-83-but-cash-still-fell-1565m",
  "title": "NIQ's reported capex fell 83%, but cash still fell $156.5M",
  "summary": "The net loss narrowed to $90.1M as revenue edged up 1.9%, while accounts receivable climbed 12.9%.",
  "published_at": "2026-08-10T20:10:58.888077+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "NIQ Global Intelligence plc",
    "ticker": "NIQ",
    "cik": "1628280",
    "sector": null,
    "industry": null
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-05-14",
    "accession": "0001628280-26-034787",
    "url": "https://www.sec.gov/Archives/edgar/data/2054696/000162828026034787/niq-20260331.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-11-13",
    "url": "https://www.sec.gov/Archives/edgar/data/2054696/000162828025051838/niq-20250930.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 4198400000,
      "display": "$4.2B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-034787",
        "filing_date": "2026-05-14"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 5.683934954437908,
      "display": "+5.7%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-034787",
        "filing_date": "2026-05-14"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 2.034108231707317,
      "display": "+2.0%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-034787",
        "filing_date": "2026-05-14"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Lower cash interest after debt repayment, the IPO, and refinancing supported the improvement in free cash flow.",
      "importance": "medium",
      "evidence": "The decrease was primarily driven by the repayment of debt in connection with the IPO, as well as post-IPO debt refinancing, which triggered reductions in interest rate spreads and generated incremental interest expense savings.",
      "source_date": "2026-05-14"
    },
    {
      "type": "demand",
      "statement": "APAC revenue declined as management cited reduced service and volume softness, partly offset by pricing and regional expansion.",
      "importance": "medium",
      "evidence": "APAC Organic Constant Currency Revenue Growth for the three months ended March 31, 2026 decreased by 3.6% driven by reduced demand for services.",
      "source_date": "2026-05-14"
    },
    {
      "type": "pricing",
      "statement": "EMEA revenue growth was driven partly by value-based pricing and expanded services across the existing client base.",
      "importance": "medium",
      "evidence": "EMEA segment revenues increased by $56.8 million, or 13.2%, for the three months ended March 31, 2026 as compared to the three months ended March 31, 2025, driven by a combination value-based pricing and expansion of services across the existing client base.",
      "source_date": "2026-05-14"
    }
  ],
  "related_tickers": [
    "NIQ"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}