NIQ Global Intelligence (NYSE:NIQ) delivered a robust fourth-quarter performance on Friday, exceeding its guidance across revenue, adjusted EBITDA, and levered free cash flow.
The Chicago-based consumer intelligence firm posted reported revenue growth of 9.2% for the quarter, or 5.7% on an organic constant currency (OCC) basis, reaching $1.14 billion.
The company’s "Intelligence" segment, which focuses on retail measurement and consumer behavior, remained the primary growth engine.
It recorded a 7.7% OCC revenue increase in the fourth quarter and 7.1% for the full year 2025.
A key highlight of the report was the company's transition to a cash-generative business model.
NIQ generated $298.7 million in cash from operating activities during the year, an increase of $224.8 million over 2024.
Most notably, the company delivered $315.3 million in levered free cash flow in the second half of 2025 alone, marking a pivotal turn to positive free cash flow for the full year.
Looking ahead, the company announced a series of tech-enabled efficiency initiatives designed to further expand margins throughout 2026.
NIQ initiated its 2026 financial guidance with expectations of 5% to 5.3% OCC revenue growth.
The company is also targeting an adjusted EBITDA margin between 23.5% and 23.8%, and anticipates generating between $235 million and $250 million in levered free cash flow.