Factor Model (net +2.1)
Factor Model
net +2.1 4.0 / 10Niagen crushes 2025: +30% sales, +106% profit, raises 2026 guide
Watch: Monitor Q1 2026 results and any acceleration in consumer adoption of NAD+ products—the $145 million guidance assumes steady-state execution, but category tailwinds could unlock faster growth. Watch for gross margin trends and whether the company can sustain operating leverage as it scales.
Niagen Bioscience delivered record 2025 results with full-year net sales of $129.4 million (up 30% YoY) and net income of $17.7 million—roughly double 2024's $8.6 million. The company hit the upper end of its original guidance while maintaining a fortress balance sheet: $64.8 million in cash and zero debt. Management guided 2026 revenue to $145 million, implying 15% growth and setting up another year of expansion in the NAD+ supplement market.
Niagen's combination of 106% net income growth on 30% revenue growth signals strong operational leverage and margin expansion. The clean balance sheet and debt-free status give management flexibility to invest in the NAD+ category at a critical growth inflection point, while the conservative 2026 guidance (15% growth vs. prior 30%) suggests room for upside.
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