On this page of Benford's Law Stocks.com we present our study of Natural Grocers by Vitamin Cottage, Inc. — ticker symbol NGVC. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/6/2021 to 2/5/2026 for Natural Grocers by Vitamin Cottage, Inc. under CIK number 0001547459. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for NGVC, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Natural Grocers by Vitamin Cottage, Inc. based on the past NGVC filings our system processed in the past.
Benford Chart for NGVC 10Q Filed 2/5/2026
29.8
17.9
9.8
12.0
7.2
6.5
5.4
5.0
6.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, NGVC stockholder letter ]
Total numbers found: 459
Recent share count: 23,033,093 (2's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
459
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 5 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for NGVC = 70
70

Starting from a possible score of 100, we made the following score deductions:
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the company's typical historical range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the company's typical historical range.
NGVC's Score Vs. Typical Stock
Benford's Law Stocks Indicator
NGVC
Low score compared to other filers, falling in the bottom quartile.
Other Stocks Ranking Near NGVC
CWT
DPZ
ORI
SKT
 DBO
EQC
OOMA
SKLZ
Check our work! We provide our Natural Grocers by Vitamin Cottage, Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the NGVC filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 137 numbers that start with the digit 1. Here they are:
1
1
1
1
1
1
17,116
11,966
127,886
132,968
166,808
168,075
189,525
182,741
11,320
11,755
156,387
158,783
157,218
149,339
10,835
11,514
14,647
13,348
13,934
12,425
11,334
11,334
13
15
1,435
1
1
144
1,148
12,970
1,287
161,500
157,000
161,500
148,100
1,120
1,002
17,116
112
163
1,612
149,339
11,334
11,334
157,218
113,904
174,254
121,093
181,876
168
169
1.8
1.6
18
18
10
100
100
11,334
186,672
1.00
15.0
15.0
1.0
1
1
10.0
15
12
10.1
11,109
10,965
115
115
174
163
1,026
1,078
1,656
1,621
114
103
15,544
15,273
11,467
11,476
1,612
1.1
1
1
1
1
137,285
181,946
11.0
15
13
11,474
10,990
189,709
192,171
173,564
173,491
188,703
182,741
1,074
189,525
182,741
196
10
180
180
117
127
14,969
14,969
15,061
15,061
14
15
11,320
11,755
14,703
10,241
10,028
1,927
1,645
1
1
11,334
15
We found 82 numbers that start with the digit 2. Here they are:
23,033,093
23,210
254,460
259,586
240,632
245,803
292,158
299,326
23,033,093
22,954,712
23
23
220,011
212,395
236,720
231,397
2,600
2,487
23,008,337
22,903,569
23,250,050
23,168,064
21
2,082
21,134
2,682
29
25
22
236
2,749
2,555
23,210
214
27
22,954,712
23
212,395
263
263
23,033,093
23
220,011
22,888,540
23
2,749
2,749
22,931,226
23
21
243,836
236,624
23,008,337
22,903,569
241,713
264,495
23,250,050
23,168,064
2.5
2.5
2.4
24
25
21,241
277,260
240,632
284,249
2,832
2,600
298,079
252
216
2
2
21
23,208
2,225
2
236,720
231,397
2,600
2,487
We found 45 numbers that start with the digit 3. Here they are:
312,223
319,688
31,734
37,236
36,628
36,495
335,579
330,221
368
3
3,455
308
3,828
3,894
32
3,455
3,455
31,029
32,066
335,579
330,221
35.0
3
3,894
32
3
35,525
39,870
35,166
39,245
338,909
324,947
36,628
3,009
33,000
32,968
300,320
389
389
3,592
31,734
37,236
335,579
330,221
368
4's 5's 6's
We found 55 numbers that start with the digit 4. Here they are:
4
4
40,927
42,895
4,070
4,061
43,617
45,660
448,545
458,109
436
49
43
49
43
46
408
4,180
46
460
496
433
433
42,686
4
49
43
49
43
4.3
4.1
4.9
4.8
4,587
40,112
46,870
44,193
49,418
4,064
43,934
4,079
44,661
407,837
47,687
4,070
40,698
43,617
415
489,023
480,820
418
46
428
436
4,707
We found 33 numbers that start with the digit 5. Here they are:
5
5
5,762
5,516
5,452
50,000,000
50
5,082
570
5,502
5,461
5
5.0
50
50.0
5
573
542
572
542
5
53,182
5,225
5,227
5,150
5,217
5,143
5,516
5,452
5,673
5,198
5,198
5,033
We found 30 numbers that start with the digit 6. Here they are:
6,025
668,556
670,504
62,770
63,033
668,556
670,504
604
60
6,094
6,316
6,318
63,033
62,770
60,327
60,760
60,714
61,531
67.6
67
6,312
68,928
61,649
61
65,591
6,860
67
6,132
6,122
6,557
7's 8's 9's
We found 25 numbers that start with the digit 7. Here they are:
7,909
7,863
73,009
73,526
713
7,973
7,950
742
7
7
78,381
73
72
70.0
75.0
70.1
7
794
70,401
7,336
7,973
7,950
7
78,811
713
We found 23 numbers that start with the digit 8. Here they are:
83,955
80,991
857
8,579
8,409
8,548
8,543
886
8,871
8
8.1
840
886
82,890
82
84
86
87
8,043
822
830
8,929
80,333
We found 29 numbers that start with the digit 9. Here they are:
9,950
98,859
98,824
923
9,938
9,938
977
9,572
9,618
9,579
9,417
969
9,938
9,938
9
9,938
99,039
9.8
98
98
969
98
976
92
92
9,388
973
923
9,938
While the above NGVC 10Q Filed 2/5/2026 is interesting in isolation, we have found that it is also useful to take a look at older Natural Grocers by Vitamin Cottage, Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 2/5/2026 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical NGVC 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 2/5/2026
29.8
17.9
9.8
12.0
7.2
6.5
5.4
5.0
6.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL? ✓  [ original filing ]
Total numbers found: 459

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 5/8/2025
31.1
21.4
11.3
9.9
4.8
7.4
6.0
3.5
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 566

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 8/8/2024
28.9
23.7
10.9
8.9
6.8
6.3
5.2
4.2
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 615

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10K Filed 12/7/2023
28.4
21.2
13.4
8.5
8.4
7.1
4.5
3.9
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 777

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 2/2/2023
28.4
18.7
11.0
10.7
9.5
5.5
6.7
6.2
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 401

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 5/5/2022
30.6
21.3
10.7
9.5
9.1
7.3
5.0
3.6
2.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 559

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 8/5/2021
32.4
23.5
10.6
8.6
9.0
5.1
6.6
2.0
2.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL? ✓  [ original filing ]
Total numbers found: 592

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10K Filed 12/11/2025
31.0
18.3
14.1
11.0
6.6
7.7
4.8
3.5
3.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 820

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 2/6/2025
30.8
16.0
11.3
12.0
6.8
6.1
7.5
4.5
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL? ✓  [ original filing ]
Total numbers found: 426

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 5/9/2024
30.3
20.3
10.8
9.7
5.9
6.6
6.1
5.6
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 575

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 8/3/2023
29.8
24.8
8.8
7.1
7.3
5.1
6.1
6.5
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 64
XBRL? ✓  [ original filing ]
Total numbers found: 604

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10K Filed 12/8/2022
24.9
22.8
13.8
8.0
9.3
7.3
5.2
4.6
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 850

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 2/3/2022
26.5
19.1
16.9
6.9
11.8
5.1
6.9
4.9
2.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 63
XBRL? ✓  [ original filing ]
Total numbers found: 408

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 5/6/2021
32.4
19.9
12.1
9.8
9.9
5.0
5.0
3.0
3.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 564

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 8/7/2025
28.9
22.7
12.3
10.1
6.3
6.8
3.9
4.4
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 585

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10K Filed 12/12/2024
29.9
19.8
14.2
10.2
5.9
7.6
5.4
3.2
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL? ✓  [ original filing ]
Total numbers found: 777

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 2/8/2024
27.0
17.7
12.1
11.6
9.2
6.4
6.6
5.2
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 423

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 5/4/2023
32.3
21.0
7.3
10.7
7.7
6.4
4.5
6.1
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 561

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10Q Filed 8/4/2022
31.0
24.0
9.9
6.8
10.3
5.2
6.3
3.5
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 575

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
10K Filed 12/9/2021
24.1
22.1
13.9
10.5
9.4
7.3
4.6
4.3
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 839

■ = Typical NGVC range from 5/6/2021 to 2/5/2026
DEVS 10Q Filed 3/13/2026:
91
ASPN 10K Filed 3/13/2026:
89
BCAL 10K Filed 3/13/2026:
99
ERNA 10K Filed 3/13/2026:
97
BAYAU 10K Filed 3/13/2026:
49
CDIO 10K Filed 3/13/2026:
47
ANVS 10K Filed 3/13/2026:
62
BMRC 10K Filed 3/13/2026:
89
IPODU 10K Filed 3/13/2026:
51
ICRPRA 10K Filed 3/13/2026:
95
CRVO 10K Filed 3/13/2026:
62
NEXM 10K Filed 3/13/2026:
96
KLC 10K Filed 3/13/2026:
79
HFUS 10Q Filed 3/13/2026:
69
SVBL 10Q Filed 3/13/2026:
26
KAVL 10Q Filed 3/13/2026:
0
FRAF 10K Filed 3/13/2026:
96
NTIP 10K Filed 3/13/2026:
70
BETR 10K Filed 3/13/2026:
94
ONCO 10K Filed 3/13/2026:
94
DYORU 10K Filed 3/13/2026:
58
FSBW 10K Filed 3/13/2026:
97
UHG 10K Filed 3/13/2026:
89
ISBA 10K Filed 3/13/2026:
98
ESQ 10K Filed 3/13/2026:
80
OPBK 10K Filed 3/13/2026:
76
GYRE 10K Filed 3/13/2026:
70
ASAN 10K Filed 3/13/2026:
77
WEYS 10K Filed 3/13/2026:
62
EP 10K Filed 3/13/2026:
81
ALTO 10K Filed 3/13/2026:
97
BPRN 10K Filed 3/13/2026:
85
ELUT 10K Filed 3/13/2026:
91
FOA 10K Filed 3/13/2026:
82
KRT 10K Filed 3/13/2026:
74
ACDC 10K Filed 3/13/2026:
100
LOCO 10K Filed 3/13/2026:
68
WMT 10K Filed 3/13/2026:
88
RDNW 10K Filed 3/13/2026:
95
WOOF 10K Filed 3/13/2026:
88
 

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