OverviewSuggest Edit

NIC is a provider of digital government services. The company enters into contracts with state and local governments to design, build, and operate digital government services on an enterprise-wide basis on their behalf. It also provides software development and payment processing services to federal agencies, as well as state and local governments.

TypePublic
Founded1992
HQOlathe, KS, US
Websiteegov.com
Employee Ratings4.3
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)1,000(+9%)
Job Openings28
Revenue (FY, 2020)$460.5 M(+30%)
Share Price (Apr 2021)$34
Cybersecurity ratingBMore

Key People/Management at NIC

Harry H. Herington

Harry H. Herington

Chief Executive Officer and Chairman of the Board
Elizabeth Thomas

Elizabeth Thomas

Chief Operating Officer
Stephen M. Kovzan

Stephen M. Kovzan

CFO
N. Burtscher

N. Burtscher

Lead Independent Director
Doug Rogers

Doug Rogers

Senior Vice President of Strategic Initiatives
Jayne Friedland Holland

Jayne Friedland Holland

Chief Security Officer
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NIC Office Locations

NIC has an office in Olathe
Olathe, KS, US (HQ)
25501 W Valley Pkwy #300
Show all (1)

NIC Financials and Metrics

NIC Revenue

NIC's revenue was reported to be $460.45 m in FY, 2020
USD

Revenue (FY, 2020)

460.5m

Net income (FY, 2020)

68.6m

Market capitalization (30-Apr-2021)

2.3b

Closing stock price (30-Apr-2021)

34.0

Cash (31-Dec-2020)

236.5m

EV

2.1b
NIC's current market capitalization is $2.3 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

336.5m344.9m354.2m460.5m

Revenue growth, %

2%3%

Cost of goods sold

200.5m204.0m217.1m

Gross profit

136.0m140.9m137.1m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

83.2m85.3m84.5m86.7m92.5m87.0m85.2m91.6m90.4m91.1m77.8m91.5m

Cost of goods sold

48.8m50.8m50.5m50.9m53.9m50.5m51.4m55.6m54.0m57.0m45.9m53.8m

Gross profit

34.4m34.5m34.0m35.9m38.6m36.6m33.8m36.0m36.4m34.1m31.9m37.7m

Gross profit Margin, %

41%40%40%41%42%42%40%39%40%37%41%41%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

160.8m191.7m214.4m236.5m

Accounts Receivable

103.9m80.9m85.4m155.5m

Prepaid Expenses

12.8m13.7m12.9m23.6m

Current Assets

277.6m286.3m312.7m415.6m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

51.6m58.3m50.4m68.6m

Depreciation and Amortization

6.9m9.1m12.6m14.2m

Accounts Payable

15.7m(28.8m)3.6m18.7m

Cash From Operating Activities

64.8m69.8m72.1m62.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

14.0m26.8m40.8m15.5m32.5m48.4m11.5m26.0m40.5m11.9m25.7m50.8m

Depreciation and Amortization

1.6m3.3m5.1m2.1m4.2m6.7m2.4m5.6m9.1m3.5m7.0m10.5m

Accounts Payable

(9.8m)(14.5m)(5.9m)(20.1m)(19.5m)(13.0m)20.0m23.6m24.7m24.4m12.2m16.0m

Cash From Operating Activities

4.9m24.4m48.6m9.2m28.4m49.6m1.1m27.8m58.7m16.9m29.6m53.2m
USDQ1, 2017

Financial Leverage

1.7 x
Show all financial metrics

NIC Operating Metrics

NIC's Active Contracts was reported to be 15 in Q1, 2020.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Active Contracts

15141427171615151616151515

Portals

2828282827272727272827272626262727272626
Show all operating metrics

NIC Acquisitions / Subsidiaries

Company NameDateDeal Size
CompliaMay 06, 2019
Alabama Interactive
Arkansas Information Consortium
Colorado Interactive
Connecticut Interactive
Hawaii Information Consortium
Idaho Information Consortium
Illinois Interactive
Indiana Interactive
Iowa Interactive
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NIC Revenue Breakdown

Embed Graph

NIC revenue breakdown by business segment: 90.5% from Software and Services and 9.5% from State Enterprise

NIC Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

NIC Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

NIC Online and Social Media Presence

Embed Graph

NIC Company Culture

  • Overall Culture

    C+

    69/100

  • CEO Rating

    B

    70/100

  • Compensation

    B

    77/100

Learn more on Comparably

NIC News and Updates

Jet Joins The Nic Harcourt Show in the Morning at 88.5-FM

Media Contact: Carmen Ramos Chandler (818) 677-2130 Comments Off on ‘Jet’ Joins ‘The Nic Harcourt Show’ in the Morning at 88.5-FMread more

IGNITE Partners with VapeEZ for Dubai Distribution of new IGNITE NIC product line

LOS ANGELES, March 16, 2020 /PRNewswire/ -- IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) ("IGNITE" or the "Company"), a global consumer packaged goods brand operating across various product lines, has signed a definitive agreement with VapeEZ Technology for nicotine...

NIC Employees, Superheroes Team Up in Third Annual Holiday Heroes for Children of Topeka Rescue Mission, First Responders

The afternoon celebration included carnival games, toys and a special gift to last beyond holiday season.read more

Sabra Health Care REIT, Inc. to Attend the BAML 2019 Global Real Estate Conference, the 2019 NIC Fall Conference and the BMO Capital Markets 14th Annual Real Estate Conference

On September 11 - 13, 2019, Mr. Matros, Talya Nevo-Hacohen, the company’s Chief Investment Officer, and other members of the company will attend the 2019 NIC Fall Conference at the Sheraton Hotel in Chicago, Illinois.read more
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NIC Blogs

PDMP Interoperability

It’s Time to Think Differently about Prescription Drug Monitoring. The white paper outlines how RxGov’s approach to interoperability and integration... Read More The post PDMP Interoperability appeared first on NIC.

Park Reservation Technology

The Falling Branch area of Rocks State Park in Maryland is a 67-acre parcel in Harford County with a waterfall... Read More The post Park Reservation Technology appeared first on NIC.

NIC Frequently Asked Questions

  • When was NIC founded?

    NIC was founded in 1992.

  • Who are NIC key executives?

    NIC's key executives are Harry H. Herington, Elizabeth Thomas and Stephen M. Kovzan.

  • How many employees does NIC have?

    NIC has 1,000 employees.

  • What is NIC revenue?

    Latest NIC annual revenue is $460.5 m.

  • What is NIC revenue per employee?

    Latest NIC revenue per employee is $460.5 k.

  • Who are NIC competitors?

    Competitors of NIC include Red River, Carahsoft and Appriss.

  • Where is NIC headquarters?

    NIC headquarters is located at 25501 W Valley Pkwy #300, Olathe.

  • Where are NIC offices?

    NIC has an office in Olathe.

  • How many offices does NIC have?

    NIC has 1 office.