Nuveen California Quality Municipal Income Fund (NAC) Stock Analysis
Financial Services · Asset Management · NYSE
Nuveen California Quality Municipal Income Fund (NAC) posted $-112.84M in revenue for fiscal 2025 (down 196.7% year over year), with a net loss of $118.24M, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Nuveen California Quality Municipal Income Fund
Nuveen California Quality Municipal Income Fund has grown revenue from $-20.92M to $-112.84M over the last 4 fiscal years. The most recent year was down 196.7%.
Net margin sits at 104.8%, up 9.3 points year over year.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Nuveen California Quality Municipal Income Fund's SEC filings — descriptive, not advice. Ask the analyst your own question →
Nuveen California Quality Municipal Income Fund revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $-20.92M | $-281.25M | $116.65M | $-112.84M |
| Gross profit | — | — | — | — |
| Net income | $-26.98M | $-286.97M | $111.39M | $-118.24M |
| Net margin | 129.0% | 102.0% | 95.5% | 104.8% |
Source: Nuveen California Quality Municipal Income Fund SEC filings (10-K).
Nuveen California Quality Municipal Income Fund: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 14.0% while revenue rose -196.7% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
Explore 4 years of Nuveen California Quality Municipal Income Fund financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Nuveen California Quality Municipal Income Fund financial history by metric
About Nuveen California Quality Municipal Income Fund
Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. It primarily invests in securities that are rated Baa or BBB or better by Moody's Investors Service, Inc. or Standard & Poor's, and have an average maturity of 20.96 years. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen California Dividend Advantage Municipal Fund. Nuveen California Quality Municipal Income Fund was formed on December 1, 1998 and is domiciled in the United States.
Nuveen California Quality Municipal Income Fund — frequently asked questions
What is Nuveen California Quality Municipal Income Fund's revenue?
Nuveen California Quality Municipal Income Fund (NAC) reported revenue of $-112.84M for fiscal year 2025, down 196.7% from the prior year, according to its SEC filings.
Is Nuveen California Quality Municipal Income Fund profitable?
No — NAC reported a net loss of $-118.24M in fiscal 2025.
What is NAC's P/E ratio?
Nuveen California Quality Municipal Income Fund trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How much debt does Nuveen California Quality Municipal Income Fund have?
As of fiscal year 2025, NAC carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Nuveen California Quality Municipal Income Fund's market cap?
Nuveen California Quality Municipal Income Fund (NAC) has a market capitalization of about $1.89B, based on the latest data in our nightly-refreshed cache.
When does Nuveen California Quality Municipal Income Fund's fiscal year end?
NAC's fiscal year ends in August. Its most recent annual filing covers the fiscal year ending 2025-08-31.
Where does this data come from?
All figures are computed from Nuveen California Quality Municipal Income Fund's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.