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 12/10/2020 to 8/7/2025 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 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
XBRL? ✓  [ original filing, NGVC stockholder letter ]
Total numbers found: 585
Recent share count: 22,931,226 (2's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
585
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 6 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for NGVC = 88
88

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 5's percentage was below the typical coverage universe range.
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
 • We deducted point upon observing the 7's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 7's percentage was below the company's typical historical range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
NGVC's Score Vs. Typical Stock
Benford's Law Stocks Indicator
NGVC
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
Other Stocks Ranking Near NGVC
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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 169 numbers that start with the digit 1. Here they are:
1
1
1
1
13,178
12,810
12,610
124,626
120,672
156,976
147,058
181,037
178,609
12,195
13,488
154,492
164,130
10,471
140,293
113,904
174,254
10,949
1,272
15,587
12,847
1,052
14,893
11,795
11,605
1.51
1.09
1.49
1.08
10
1,900
14
160
1,055
1,318
1,923
1,009
167
18
1,242
12,428
18,342
13,178
13,915
1,630
164
1,441
1,422
11,644
14,022
13,073
113,904
174,254
121,093
181,876
13,101
13,101
14,900
131,443
192,975
11,605
11,605
140,293
111,871
170,841
13,498
153,860
19,556
100,245
159,974
107,175
167,802
169
1.7
1.5
1
1
19
19
189,718
19
181,890
10
10
10
100
100
100
100
11,605
1.51
1.09
1.49
1.08
13,000
1.00
15.0
15.0
1.2
1
10.0
1
12
10
1.00
11,143
10,976
115
115
17
191
1,078
1,029
10
10
169
1,605
1,519
1,887
1,807
190
15,654
15,400
11,529
11,518
1,605
1,724
14,022
13,073
1
1
1
11,930
1,515
13,445
162,650
18,616
15.4
1,384
10,242
193,556
185,045
172,137
167,060
181,037
178,609
187
1,257
10
10
169
14,969
14,774
15,061
14,866
16
19
12,195
13,488
18,688
1,895
1
1
1
12
We found 133 numbers that start with the digit 2. Here they are:
22,954,109
263,928
275,111
250,724
263,404
22,954,109
22,888,540
23
23
202,501
230,426
218,751
298,851
269,448
218,000
204,791
28,474
24
2,367
2,586
24,925
22,951,339
22,789,057
22,930,084
22,766,516
23,311,935
23,115,356
23,247,316
23,052,044
24,925
23,791
22,998
2,444
2,519
252
25,221
25,005
25,565
25,386
2,023
2,404
23,124
22,942
2,931
2,653
29,585
243
21,899
2,157
2,578
22,888,540
23
2,749
2,749
22,931,226
23
2,751
2,751
22,946,126
23
2,755
2,755
22,954,109
23
202,501
22,738,915
23
262
25,028
25,028
22,752,413
23
2,278
2,278
22,771,969
23
21,624
2,279
2,279
22,793,593
23
21
235,286
219,040
20
24,925
22,951,339
22,789,057
22,930,084
22,766,516
285,528
23,311,935
23,115,356
23,247,316
23,052,044
27,944
25.0
2.5
2.5
2.2
25
24
2.5
2
295
295
226
206
2,514
2,450
2,931
2,653
2
205,069
287,152
250,724
293,977
2,459
2,324
291,624
279,502
207
21,087
21,028
2,091
23,791
22,998
21,874
2,042
2,316
2,058
2
2
We found 72 numbers that start with the digit 3. Here they are:
320,984
329,809
31,481
35,847
36,428
35,926
3,960
302,004
317,092
328,705
309,082
33,486
364
34,911
3,123
31,788
3,288
34,644
34,644
390
30
3,100
3
3
3,954
39,677
31,016
3
305
31,808
302
3,135
328
36
36
31,431
30,076
328,705
309,082
34,644
360,596
326,299
317,232
32,096
35.0
3.0
3.4
3
3
33,201
33,012
346
346
3,234
3,066
300
34,411
34,225
3,641
3,135
3,135
3
39,000
350,074
334,533
36,428
32,305
30,622
389
389
31,481
35,847
4's 5's 6's
We found 59 numbers that start with the digit 4. Here they are:
4,905
40,643
40,752
4,218
458
4,128
43,253
43,217
456,496
481,222
46,488
44,121
40
40
4,520
4,366
49,280
44
44
486,200
455,300
486,200
438,700
4,307
4,427
45
433
433
42,686
431
431
40
40
46,543
46,129
45
4.2
4.0
4.9
4.8
4
4
47,172
46,000
43,322
48,601
4,131
43,131
42,419
416,071
47,381
4,128
40,556
43,253
472,661
458,111
419
406
413
We found 37 numbers that start with the digit 5. Here they are:
5
5
50,000,000
51
50
5,232
51
59,013
59,275
59,706
5
59,966
51
50
5.0
50
50.0
5
54
50
533
503
5,412
5,065
533
564
5,740
5
53,461
52,364
5,279
5,758
544
50
50
5,198
5,198
We found 40 numbers that start with the digit 6. Here they are:
6,362
658,997
655,476
62,185
60,327
658,997
655,476
695,844
649,476
67,575
694
6,863
6,000
60,327
60,760
61,509
676
676
62,185
66
66
60,604
648,295
61,988
69.5
6,497
61
6
6,289
6,364
65,997
62,922
6,746
60,578
60,556
603
6,909
6,592
6,997
6
7's 8's 9's
We found 23 numbers that start with the digit 7. Here they are:
71,719
749
749
7,983
7,755
7,755
7,961
7,961
7
72
71
710,432
71
70
72.5
75.0
72.8
791
7,189
7,953
7,845
7,034
7,832
We found 26 numbers that start with the digit 8. Here they are:
8,871
82,455
88,397
8,027
877
81
839
8,255
8,871
8,264
898
898
88,739
8
8.1
8.6
8.8
8
853
80
84
81,538
827
8,469
8,290
8,029
We found 26 numbers that start with the digit 9. Here they are:
994,695
918,924
98,279
90,331
9,545
9,477
9,209
959
9,938
9,938
94,562
9,209
9,209
9
94,545
994,695
918,924
9,209
9
98
98
980
947
92
92
9,607
While the above NGVC 10Q Filed 8/7/2025 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 8/7/2025 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 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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
10Q Filed 2/4/2021
31.1
19.6
15.1
9.6
9.3
5.7
4.8
3.1
1.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL? ✓  [ original filing ]
Total numbers found: 418

■ = Typical NGVC range from 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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: 99
XBRL? ✓  [ original filing ]
Total numbers found: 777

■ = Typical NGVC range from 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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: 71
XBRL? ✓  [ original filing ]
Total numbers found: 592

■ = Typical NGVC range from 12/10/2020 to 8/7/2025
10K Filed 12/10/2020
25.6
19.9
12.2
13.8
11.0
6.2
4.1
4.3
2.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 67
XBRL? ✓  [ original filing ]
Total numbers found: 926

■ = Typical NGVC range from 12/10/2020 to 8/7/2025
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: 66
XBRL? ✓  [ original filing ]
Total numbers found: 426

■ = Typical NGVC range from 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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 12/10/2020 to 8/7/2025
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: 94
XBRL? ✓  [ original filing ]
Total numbers found: 564

■ = Typical NGVC range from 12/10/2020 to 8/7/2025
HTCR 10Q Filed 11/18/2025:
97
CAPS 10Q Filed 11/18/2025:
72
WTMAU 10Q Filed 11/17/2025:
75
ADTX 10Q Filed 11/17/2025:
92
EPC 10K Filed 11/17/2025:
85
OCSL 10K Filed 11/17/2025:
87
ULBI 10Q Filed 11/17/2025:
95
ZYXI 10Q Filed 11/17/2025:
73
TBH 10Q Filed 11/17/2025:
87
LOB 10Q Filed 11/17/2025:
68
BTBD 10Q Filed 11/17/2025:
55
LFMD 10Q Filed 11/17/2025:
93
AIM 10Q Filed 11/17/2025:
71
GPUS 10Q Filed 11/17/2025:
99
ISPC 10Q Filed 11/17/2025:
90
ALUR 10Q Filed 11/17/2025:
95
ENFY 10Q Filed 11/17/2025:
87
HZO 10K Filed 11/17/2025:
92
GLAD 10K Filed 11/17/2025:
93
CHPGU 10Q Filed 11/17/2025:
59
XITO 10Q Filed 11/17/2025:
0
FGBI 10Q Filed 11/17/2025:
100
BRC 10Q Filed 11/17/2025:
63
IVF 10Q Filed 11/17/2025:
93
TWST 10K Filed 11/17/2025:
85
CNTM 10Q Filed 11/17/2025:
88
CURX 10Q Filed 11/14/2025:
43
EONR 10Q Filed 11/14/2025:
88
ESHA 10Q Filed 11/14/2025:
58
NMEX 10K Filed 11/14/2025:
60
WBSR 10Q Filed 11/14/2025:
1
EBFI 10Q Filed 11/14/2025:
61
ATAO 10Q Filed 11/14/2025:
66
CETH 10Q Filed 11/14/2025:
7
RBTK 10Q Filed 11/14/2025:
75
STCB 10Q Filed 11/14/2025:
100
BTCY 10Q Filed 11/14/2025:
89
ARKB 10Q Filed 11/14/2025:
43
SOHO 10Q Filed 11/14/2025:
92
RDI 10Q Filed 11/14/2025:
100
 

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