
NIQ Revenue surpasses $1 billion as intelligence subscriptions scale
NIQ Global Intelligence (NYSE:NIQ) reported a double-digit increase in first-quarter revenue on Thursday, signaling a successful transition into its first full year as a public entity.
The consumer intelligence leader saw a significant expansion in its margins, driven by a surge in long-term data subscriptions and a lower interest burden following its 2025 deleveraging strategy.
NIQ announced that total revenue for the quarter ended March 31, 2026, rose 11.1% to $1,072.7 million.
On an organic constant currency (OCC) basis, growth reached 5.1%, spearheaded by robust performance in the Americas and EMEA regions.
The results highlight the growing corporate appetite for real-time consumer analytics amid volatile global retail trends.
The company’s core Intelligence segment, which provides critical market-share data to global brands, grew 10.9% to $2.93 billion on an annualized basis.
Highlighting the "sticky" nature of NIQ's platform, the company reported a Gross Dollar Retention rate of 99% and a Net Dollar Retention rate of 104%, suggesting that existing clients are increasingly adopting additional "Activation" tools for media and retail optimization.
Profitability metrics showed sharp improvement across the board.
Adjusted EBITDA grew 19.1% year-over-year to $224.8 million, with margins expanding 150 basis points to 21%.
This operational leverage, combined with reduced interest expenses following the use of IPO proceeds to retire high-cost debt in late 2025, allowed the company to significantly narrow its net loss and improve its levered free cash flow by $93.1 million compared to the prior-year period.
NIQ’s cash flow position also strengthened, with net cash used in operating activities improving by $90 million year-over-year.
The company noted that while it continues to incur one-time restructuring costs related to its 2025 merger integrations, the underlying business is generating substantial unlevered free cash flow, providing flexibility for future tuck-in acquisitions in the AI and retail media space.