Enertopia Corp Financials

ENRT

Source SEC Filings (10-K/10-Q) Updated Nov 30, 2025 Currency USD FYE August

This page shows Enertopia Corp (ENRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 20 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

1/9

Enertopia Corp passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.80x

For every $1 of reported earnings, Enertopia Corp generates $0.80 in operating cash flow (-$407K OCF vs -$507K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$507K

YoY+49.3%

Enertopia Corp reported -$507K in net income in fiscal year 2025. This represents an increase of 49.3% from the prior year.

EPS (Diluted)

$-0.06

YoY+53.8%

Enertopia Corp earned $-0.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 53.8% from the prior year.

Cash & Debt

$75K

YoY-58.5%

5Y CAGR+10.4%

10Y CAGR-1.2%

Enertopia Corp held $75K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

10M

YoY+33.3%

Enertopia Corp had 10M shares outstanding in fiscal year 2025. This represents an increase of 33.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

$153K

YoY-2.2%

5Y CAGR+146.0%

10Y CAGR+33.6%

Enertopia Corp invested $153K in research and development in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

ENRT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$153K-2.2%	$157K+0.1%	$157K-80.6%	$809K+6336.4%	$13K+638.3%	$2K
SG&A Expenses	$81K+26.3%	$64K-42.0%	$111K+68.0%	$66K+1300.4%	$5K+375.6%	$990
Operating Income	-$514K+22.8%	-$666K+45.6%	-$1.2M+21.8%	-$1.6M-154.8%	-$615K-261.3%	-$170K
Interest Expense	N/A	N/A	N/A	$6K+341.5%	$1K-14.2%	$2K
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$507K+49.3%	-$999K+45.5%	-$1.8M-192.8%	$2.0M+607.1%	-$389K-1240.8%	$34K
EPS (Diluted)	$-0.06+53.8%	$-0.13	$-0.01-200.0%	$0.01	$0.00	N/A

Metric	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q3'23	Q2'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$10K-71.4%	$34K-11.9%	$39K+68.8%	$23K+4.9%	$22K+6.8%	$20K-76.8%	$88K+111.1%	$42K
SG&A Expenses	$12K-21.0%	$15K-27.8%	$21K+11.8%	$19K+19.4%	$16K-10.1%	$17K-2.1%	$18K-45.1%	$32K
Operating Income	-$71K+41.8%	-$122K-4.5%	-$117K-26.0%	-$93K+45.3%	-$170K-30.4%	-$130K+48.2%	-$251K-1.6%	-$248K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$75K+42.6%	-$130K-12.8%	-$116K-39.0%	-$83K+71.1%	-$288K-95.4%	-$147K+64.0%	-$410K-238.9%	$295K
EPS (Diluted)	$-0.01+50.0%	$-0.02-100.0%	$-0.01	$-0.01	$-0.04	$-0.02	$0.00	$0.00

ENRT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$125K-63.4%	$343K-74.8%	$1.4M-57.7%	$3.2M+674.2%	$415K+381.5%	$86K
Current Assets	$115K-65.4%	$332K-75.4%	$1.3M-57.9%	$3.2M+671.7%	$415K+381.5%	$86K
Cash & Equivalents	$75K-58.5%	$180K-30.7%	$260K-57.8%	$615K+73.6%	$354K+678.2%	$46K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5K-20.6%	$6K-37.5%	$9K+94.4%	$5K+7.1%	$5K+201.9%	$2K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$324K+2.5%	$316K-5.0%	$333K-7.1%	$358K-15.0%	$421K-12.2%	$479K
Current Liabilities	$325K+2.9%	$316K-5.0%	$333K-7.1%	$358K-15.0%	$421K-12.2%	$479K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$198K-813.3%	$28K-97.3%	$1.0M-64.1%	$2.9M+48992.1%	-$6K+98.5%	-$393K
Retained Earnings	-$16.0M-3.3%	-$15.5M-6.9%	-$14.5M-14.4%	-$12.7M+13.5%	-$14.7M-2.7%	-$14.3M

Metric	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q3'23	Q2'23
Total Assets	$67K-17.1%	$80K-27.2%	$111K-49.5%	$219K-36.1%	$343K-54.4%	$752K-19.5%	$934K-69.3%	$3.0M
Current Assets	$56K-19.7%	$70K-30.1%	$100K-51.8%	$208K-37.4%	$332K-55.2%	$741K-19.7%	$923K-69.6%	$3.0M
Cash & Equivalents	$18K-60.6%	$46K-23.0%	$60K-60.6%	$153K-15.1%	$180K-32.8%	$268K+7.9%	$248K-18.7%	$305K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5K+229.1%	$2K-81.4%	$9K+17.9%	$8K+26.8%	$6K+356.3%	$1K-91.1%	$15K+521.3%	$2K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$340K+10.1%	$309K+9.7%	$281K+2.6%	$274K-13.3%	$316K+12.0%	$282K-10.9%	$317K-5.9%	$337K
Current Liabilities	$341K+10.1%	$310K+9.6%	$283K+2.8%	$275K-13.0%	$316K+11.5%	$283K-10.8%	$318K-5.6%	$337K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$273K-19.7%	-$228K-33.5%	-$171K-209.0%	-$55K-298.8%	$28K-94.1%	$470K-23.9%	$617K-77.2%	$2.7M
Retained Earnings	-$16.1M-1.6%	-$15.9M-0.8%	-$15.7M-0.7%	-$15.6M-0.5%	-$15.5M-2.9%	-$15.1M-1.0%	-$14.9M-16.3%	-$12.8M

ENRT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$407K+38.9%	-$666K+45.1%	-$1.2M-25.0%	-$970K-137.6%	-$408K-221.1%	-$127K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$76K-87.0%	$586K-31.4%	$855K-22.3%	$1.1M+258.0%	$307K+71.7%	$179K
Financing Cash Flow	$226K	$0-100.0%	$2K-98.5%	$131K-67.9%	$410K+2666.3%	-$16K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q3'23	Q2'23
Operating Cash Flow	-$56K+35.0%	-$87K+6.1%	-$93K+10.2%	-$103K-23.6%	-$83K+41.8%	-$143K+37.7%	-$230K+47.1%	-$434K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$0	$0	$0-100.0%	$76K+15.9%	$66K-59.7%	$163K-25.5%	$219K-24.4%	$289K
Financing Cash Flow	$153K	N/A	N/A	N/A	$0	N/A	$0-100.0%	$2K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ENRT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	69.1%	N/A	N/A
Return on Assets	-403.9%-112.3pp	-291.6%-156.7pp	-134.9%-196.3pp	61.4%+155.2pp	-93.8%-133.4pp	39.6%
Current Ratio	0.35-0.7	1.05-3.0	4.05-4.9	8.95+8.0	0.99+0.8	0.18
Debt-to-Equity	-1.63-13.0	11.37+11.0	0.32+0.2	0.13+72.2	-72.07-70.8	-1.22
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q3'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	10.9%
Return on Assets	-112.1%+49.9pp	-162.0%-57.5pp	-104.5%-66.5pp	-38.0%+23.2pp	-61.2%-41.6pp	-19.6%+24.3pp	-43.9%-53.6pp	9.7%
Current Ratio	0.16-0.1	0.23-0.1	0.35-0.4	0.76-0.3	1.05-1.6	2.62-0.3	2.90-6.1	9.00
Debt-to-Equity	-1.24+0.1	-1.35+0.3	-1.65+3.3	-4.96-16.3	11.37+10.8	0.60+0.1	0.51+0.4	0.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$198K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.35), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Enertopia Corp profitable?

No, Enertopia Corp (ENRT) reported a net income of -$507K in fiscal year 2025.

What is Enertopia Corp's earnings per share (EPS)?

Enertopia Corp (ENRT) reported diluted earnings per share of $-0.06 for fiscal year 2025. This represents a 53.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Enertopia Corp's operating cash flow?

Enertopia Corp (ENRT) generated -$407K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Enertopia Corp's total assets?

Enertopia Corp (ENRT) had $125K in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Enertopia Corp spend on research and development?

Enertopia Corp (ENRT) invested $153K in research and development during fiscal year 2025.

How many shares does Enertopia Corp have outstanding?

Enertopia Corp (ENRT) had 10M shares outstanding as of fiscal year 2025.

What is Enertopia Corp's current ratio?

Enertopia Corp (ENRT) had a current ratio of 0.35 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Enertopia Corp's debt-to-equity ratio?

Enertopia Corp (ENRT) had a debt-to-equity ratio of -1.63 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Enertopia Corp's return on assets (ROA)?

Enertopia Corp (ENRT) had a return on assets of -403.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Enertopia Corp's cash runway?

Based on fiscal year 2025 data, Enertopia Corp (ENRT) had $75K in cash against an annual operating cash burn of $407K. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Enertopia Corp's debt-to-equity ratio negative or unusual?

Enertopia Corp (ENRT) has negative shareholder equity of -$198K as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Enertopia Corp's Piotroski F-Score?

Enertopia Corp (ENRT) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Enertopia Corp's earnings high quality?

Enertopia Corp (ENRT) has an earnings quality ratio of 0.80x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.