What is NioCorp Developments Ltd.'s earnings per share (EPS)?

NioCorp Developments Ltd. (NB) reported diluted earnings per share of -$0.36 for fiscal year 2025. 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.

NioCorp Developments Ltd. (NB) Financials

FY2025 annual

Revenue Not reported for FY2025

Net Income -$18.0M -51.1% YoY

EPS (Diluted) -$0.36 YoY not available

Operating Cash Flow -$10.7M +9.1% YoY

Market Cap $554.7M as of Sep 11, 2026

Price / Sales n/m no revenue reported

Price / Earnings n/m net loss, so no earnings multiple, FY2025

Price / Book 1.3x on $435.4M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Mar 31, 2026 Reported May 14, 2026 Currency USD FYE June

Newest figures come from the 10-Q for Q3 FY2026, filed May 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NB SEC filings page.

This page shows NioCorp Developments Ltd. (NB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI NB FY2025 2026-08-29

Financing inflows, rather than operating cash generation, are carrying the balance-sheet expansion through FY2025

FY2025 paired negative operating cash flow of -$10.7M with a net loss of -$18.0M, so accounting loss was not a one-for-one measure of cash use. Financing supplied $34.2M while operations still consumed cash, making external capital—not business-generated funds—the visible engine of the year’s balance-sheet improvement.

The short-term balance-sheet profile swung from a 0.2x current ratio in FY2024 to 14.1x in FY2025, a sharp liquidity reset rather than evidence that the operating model reached break-even. The latest reported liquidity comparison was 28.8 months of annual outflow, describing the balance relative to one past outflow level rather than internally generated funding.

Shares outstanding rose from 38.7M to 77.8M in FY2025, so the larger equity base came alongside substantial dilution. Retained earnings remained -$179.3M despite positive total equity of $28.3M, showing that contributed capital, not accumulated profits, supports book equity.

Financial Health Signals

Financial health score not available

NioCorp Developments Ltd. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/6

NioCorp Developments Ltd. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality No Cash Backing

N/A

NioCorp Developments Ltd. reported a net loss of $18.0M while operations used $10.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

Export CSV

Earnings & Revenue

Net Income

$669K

YoY+112.6%

QoQ+207.4%

NioCorp Developments Ltd. reported $669K in net income in Q3 2026. This represents an increase of 112.6% from the same quarter a year earlier. Against the prior quarter it is up 207.4%.

EPS (Diluted)

$0.01

NioCorp Developments Ltd. earned $0.01 per diluted share (EPS) in Q3 2026.

Revenue

Not reported for Q3 2026.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Cash & Debt

$419.2M

YoY+32295.4%

QoQ+36.8%

5Y CAGR+117.4%

10Y CAGR+69.5%

NioCorp Developments Ltd. held $419.2M in cash as of Q3 2026; long-term debt is not reported for that period.

Shares Outstanding

146M

QoQ+16.2%

5Y CAGR-10.4%

NioCorp Developments Ltd. had 146M shares outstanding in Q3 2026. Against the prior quarter it is up 16.2%.

Free Cash Flow

Not reported for Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Return on Equity

0.1%

YoY+70.5pp

QoQ+0.4pp

NioCorp Developments Ltd.'s ROE was 0.1% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 70.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Gross Margin

Not reported for Q3 2026.

Operating Margin

Not reported for Q3 2026.

Net Margin

Not reported for Q3 2026.

Capital Allocation

None of these metrics is reported for Q3 2026.

NB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NB quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
SG&A Expenses	N/A	$1.9M-44.6%	$3.5M+51.1%	$2.3M+8.0%	$2.1M+29.9%	$1.7M+20.3%	$1.4M-11.6%	$1.6M-27.0%	$2.1M-0.2%	$2.1M+20.1%	$1.8M-47.8%	$3.4M
Interest Expense	N/A	$48K-98.9%	$4.5M+92.2%	$2.3M-17.4%	$2.8M+83.2%	$1.5M+335.9%	$354K+33.1%	$266K-29.1%	$375K+31.1%	$286K+4.0%	$275K	N/A
Income Tax	N/A	$0+100.0%	-$139K+54.3%	-$304K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$2.8M
Net Income	N/A	-$18.0M-51.1%	-$11.9M+70.5%	-$40.3M-270.2%	-$10.9M-125.7%	-$4.8M-20.6%	-$4.0M+45.5%	-$7.3M+13.7%	-$8.5M+41.9%	-$14.6M-28.2%	-$11.4M+50.6%	-$23.1M
EPS (Basic)	N/A	-$0.36-16.1%	-$0.31	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	—	-$0.36	-$0.31	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	45M	34M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
SG&A Expenses	$1.5M+292.3%	$1.3M+42.8%	$2.2M+571.5%	N/A	$376K-85.1%	$904K+175.6%	$330K+2.5%	N/A
Interest Expense	$0	$0+100.0%	N/A	N/A	$0-100.0%	-$4K+99.7%	-$44K+97.9%	N/A
Income Tax	$0	$0	N/A	N/A	$0	$0	N/A	N/A
Net Income	$669K+112.6%	-$623K-38.4%	-$43.5M-1969.8%	N/A	-$5.3M-30.6%	-$450K+86.7%	-$2.1M+37.9%	N/A
EPS (Basic)	$0.01+109.1%	$0.00+100.0%	N/A	-$0.19	-$0.11	-$0.01	N/A	N/A
EPS (Diluted)	$0.01	$0.00	N/A	-$0.19	-$0.11	-$0.01	N/A	N/A
Diluted Shares (Avg)	136M	117M	N/A	N/A	46M	41M	N/A	N/A

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

NB Balance Sheet

NB quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$43.8M+118.3%	$20.1M-4.1%	$20.9M-8.0%	$22.8M-7.0%	$24.5M+122.5%	$11.0M-0.8%	$11.1M-1.3%	$11.2M-1.1%	$11.4M-25.5%	$15.2M	N/A
Current Assets	$26.7M+813.1%	$2.9M-21.4%	$3.7M-34.4%	$5.7M-22.6%	$7.3M+2071.9%	$338K-21.0%	$428K-24.2%	$565K-13.7%	$655K-85.5%	$4.5M	N/A
Cash & Equivalents	$25.6M+1170.1%	$2.0M-14.1%	$2.3M-55.7%	$5.3M-27.8%	$7.3M+2283.4%	$307K-14.0%	$357K+389.0%	$73K-85.5%	$503K-88.6%	$4.4M+485.9%	$753K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0-100.0%	$10K-37.5%	$16K+128.6%	$7K+40.0%	$5K-58.3%	$12K-47.8%	$23K-28.1%	$32K	$0
Goodwill	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$14.7M-16.4%	$17.5M-41.1%	$29.8M+485.3%	$5.1M-54.8%	$11.3M+34.7%	$8.4M+34.1%	$6.2M-22.4%	$8.0M-5.0%	$8.5M-6.5%	$9.1M	N/A
Current Liabilities	$1.9M-84.2%	$12.0M+235.9%	$3.6M-29.7%	$5.1M+29.4%	$3.9M-51.1%	$8.0M+53.5%	$5.2M+32.8%	$3.9M-39.4%	$6.5M+187.3%	$2.3M	N/A
Non-Current Liabilities	$12.8M+129.1%	$5.6M-78.8%	$26.2M+113965.2%	$23K-99.7%	$7.3M+2033.4%	$344K-66.0%	$1.0M-75.4%	$4.1M+107.6%	$2.0M-70.9%	$6.8M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$344K-90.2%	$3.5M-44.8%	$6.4M+27.3%	$5.0M	N/A	N/A
Total Equity	$28.3M+2732.3%	$1.0M+109.1%	-$11.0M-162.1%	$17.7M+33.7%	$13.2M+400.3%	$2.6M-45.6%	$4.9M+52.0%	$3.2M+10.4%	$2.9M-53.3%	$6.2M+23.6%	$5.0M
Retained Earnings	-$179.3M-10.7%	-$161.9M-7.6%	-$150.5M-36.3%	-$110.4M-10.9%	-$99.5M-5.1%	-$94.7M-4.4%	-$90.7M-8.8%	-$83.3M-11.4%	-$74.9M-24.3%	-$60.2M	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$469.0M+2439.1%	$348.0M+1849.3%	$194.7M+962.5%	$43.8M+118.3%	$18.5M+4.9%	$17.9M-2.1%	$18.3M-4.8%	$20.1M-4.1%
Current Assets	$423.5M+30745.0%	$307.6M+41586.9%	$163.5M+13574.2%	$26.7M+813.1%	$1.4M+201.8%	$738K-30.8%	$1.2M-42.1%	$2.9M-21.4%
Cash & Equivalents	$419.2M+32295.4%	$306.4M+64127.0%	$162.8M+108406.0%	$25.6M+1170.1%	$1.3M+567.0%	$477K-24.8%	$150K-86.3%	$2.0M-14.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.2M	$2.2M	N/A	$0	N/A	N/A	N/A	N/A
Total Liabilities	$34.6M+256.4%	$40.0M+314.3%	$43.2M+199.5%	$14.7M-16.4%	$9.7M-46.5%	$9.6M-57.1%	$14.4M-40.4%	$17.5M-41.1%
Current Liabilities	$13.6M+1114.6%	$9.8M+155.7%	$4.0M-51.1%	$1.9M-84.2%	$1.1M-87.7%	$3.8M-67.3%	$8.1M-35.3%	$12.0M+235.9%
Non-Current Liabilities	$20.9M+144.1%	$30.2M+418.5%	$39.3M+521.8%	$12.8M+129.1%	$8.6M-4.7%	$5.8M-46.1%	$6.3M-45.9%	$5.6M-78.8%
Total Equity	$435.4M+5681.4%	$308.7M+4379.7%	$151.5M+6263.3%	$28.3M+2732.3%	$7.5M+459.6%	$6.9M+213.3%	$2.4M+134.5%	$1.0M+109.1%
Retained Earnings	-$221.9M-30.8%	-$222.6M-35.4%	-$222.0M-35.4%	-$179.3M-10.7%	-$169.7M-5.4%	-$164.4M-4.7%	-$164.0M-6.7%	-$161.9M-7.6%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Long-Term Debt.

NB Cash Flow Statement

NB quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	-$16.7M	-$10.7M+9.1%	-$11.7M+32.2%	-$17.3M-181.2%	-$6.2M-30.1%	-$4.7M-55.0%	-$3.0M+30.0%	-$4.4M+28.5%	-$6.1M+42.9%	-$10.7M+2.8%	-$11.0M+36.6%	-$17.3M
Depreciation & Amortization	N/A	$3K+50.0%	$2K-33.3%	$3K0.0%	$3K	N/A	N/A	N/A	$6K-33.3%	$9K0.0%	$9K-10.0%	$10K
Stock-Based Compensation	N/A	$789K-72.6%	$2.9M+60.6%	$1.8M+2.8%	$1.7M+118.9%	$797K+420.9%	$153K-74.7%	$604K-53.4%	$1.3M-11.9%	$1.5M+40.2%	$1.0M-58.1%	$2.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$4K-85.2%	$27K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$11.0M+36.7%	-$17.3M
Investing Cash Flow	-$27.7M	-$7K	N/A	$21K+231.3%	-$16K+99.7%	-$6.3M	N/A	N/A	$15K+66.7%	$9K+325.0%	-$4K	N/A
Financing Cash Flow	$464.3M	$34.2M+200.0%	$11.4M-22.1%	$14.6M+240.3%	$4.3M-76.2%	$18.1M+501.7%	$3.0M-35.5%	$4.7M-18.1%	$5.7M-16.3%	$6.8M-52.8%	$14.4M	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	-$4.4M-12.5%	-$838K+37.4%	-$6.7M-938.8%	-$4.8M+21.8%	-$3.9M-293.0%	-$1.3M+29.1%	-$642K+76.5%	-$6.1M-4.9%
Depreciation & Amortization	N/A	$45K	$1K0.0%	N/A	N/A	$0	$1K0.0%	$0-100.0%
Stock-Based Compensation	N/A	N/A	$2.3M	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$4.6M	-$8.9M	-$14.1M	-$2K	$0	N/A	N/A	N/A
Financing Cash Flow	$123.9M+2529.6%	$153.4M+9085.1%	$158.0M+13046.9%	$29.0M+266.1%	$4.7M+755.2%	$1.7M+17.3%	-$1.2M-181.7%	$7.9M+680.9%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

NB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NB quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Return on Equity	-63.5%+1126.3pp	-1189.8%	N/A	-61.6%-25.1pp	-36.5%+115.0pp	-151.5%-0.3pp	-151.2%+114.9pp	-266.1%+239.9pp	-506.1%-321.9pp	-184.2%+277.1pp	-461.3%
Return on Assets	-41.0%+18.2pp	-59.3%+133.3pp	-192.6%-144.7pp	-47.8%-28.1pp	-19.7%+16.7pp	-36.4%+29.8pp	-66.2%+9.5pp	-75.7%+53.2pp	-128.9%-54.1pp	-74.8%	N/A
Current Ratio	14.12+13.9x	0.24-0.8x	1.05-0.1x	1.12-0.8x	1.87+1.8x	0.040.0x	0.08-0.1x	0.140.0x	0.10-1.9x	2.00	N/A
Debt-to-Equity	0.52-17.0x	17.54	N/A	0.29-0.6x	0.85+0.7x	0.13-0.6x	0.73-1.3x	2.00+0.3x	1.73+0.3x	1.46	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Return on Equity	0.1%+70.5pp	-0.2%+6.3pp	-28.7%+59.6pp	N/A	-70.3%	-6.5%	-88.3%	N/A
Return on Assets	0.1%+28.8pp	-0.2%+2.3pp	-22.4%-10.9pp	N/A	-28.7%-5.6pp	-2.5%+16.1pp	-11.5%+6.1pp	N/A
Current Ratio	31.08+29.9x	31.45+31.3x	41.13+41.0x	14.12+13.9x	1.22+1.2x	0.19+0.1x	0.150.0x	0.24-0.8x
Debt-to-Equity	0.08-1.2x	0.13-1.3x	0.29-5.8x	0.52-17.0x	1.29	1.40	6.06	17.54

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.

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Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

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Where NioCorp Developments Ltd. Ranks

Frequently Asked Questions

Is NioCorp Developments Ltd. profitable?

No, NioCorp Developments Ltd. (NB) reported a net income of -$18.0M in fiscal year 2025.

What is NioCorp Developments Ltd.'s return on equity (ROE)?

NioCorp Developments Ltd. (NB) has a return on equity of -63.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is NioCorp Developments Ltd.'s operating cash flow?

NioCorp Developments Ltd. (NB) recorded an outflow of $10.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are NioCorp Developments Ltd.'s total assets?

NioCorp Developments Ltd. (NB) had $43.8M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does NioCorp Developments Ltd. have outstanding?

NioCorp Developments Ltd. (NB) had 78M shares outstanding as of fiscal year 2025.

What is NioCorp Developments Ltd.'s current ratio?

NioCorp Developments Ltd. (NB) had a current ratio of 14.12 as of fiscal year 2025, which is generally considered healthy.

What is NioCorp Developments Ltd.'s debt-to-equity ratio?

NioCorp Developments Ltd. (NB) had a debt-to-equity ratio of 0.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is NioCorp Developments Ltd.'s return on assets (ROA)?

NioCorp Developments Ltd. (NB) had a return on assets of -41.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is NioCorp Developments Ltd.'s P/E ratio?

NioCorp Developments Ltd. (NB) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $554.7M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is NioCorp Developments Ltd.'s price-to-sales ratio?

NioCorp Developments Ltd. (NB) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $554.7M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does NioCorp Developments Ltd.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, NioCorp Developments Ltd. (NB) held $25.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $10.7M over that year. Dividing the one by the other, the reported balance equals about 29 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is NioCorp Developments Ltd.'s Piotroski F-Score?

NioCorp Developments Ltd. (NB) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are NioCorp Developments Ltd.'s earnings high quality?

NioCorp Developments Ltd. (NB) reported a net loss of $18.0M while operations used $10.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.