Nitches Inc Financials

NICH

Source SEC Filings (10-K/10-Q) Updated Aug 31, 2024 Currency USD FYE August

This page shows Nitches Inc (NICH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 NICH FY2024 2026-04-22

Liquidity is being preserved by shrinking the operating footprint while liabilities outgrow assets and revenue stays too small to support them.

Inventory fell from $135.0K to $0 between FY2023 and FY2024. Cash reached $60.0K at the same time, which suggests liquidity was rebuilt by unwinding working capital rather than by a sales engine that converts revenue into cash; that is a balance-sheet repair mechanism, not evidence that operations started self-funding.

In FY2024, gross loss of $146.7K on revenue of $4.8K means reported sales did not cover direct costs. That tells you selling more of the same would not automatically fix the model; this was not just an overhead problem, because the product-level economics were already negative.

The balance sheet became far more creditor-funded: total liabilities climbed to $2.33M in FY2024 while total assets were only $64.2K. With equity deeply negative for a second straight year, the remaining asset base functions more like a thin buffer than a reserve that can absorb setbacks.

Financial Health Signals

Financial Profile 33/100

Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Nitches Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

100

Nitches Inc's revenue grew 14.3% year-over-year to $5K, a solid pace of expansion. This earns a growth score of 100/100.

Leverage

Nitches Inc carries a low D/E ratio of -1.03, meaning only $-1.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5K

YoY+14.3%

Nitches Inc generated $5K in revenue in fiscal year 2024. This represents an increase of 14.3% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$60K

YoY+17339.2%

Nitches Inc held $60K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

-3038.2%

YoY-2632.6pp

Nitches Inc's gross margin was -3038.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2632.6 percentage points from the prior year.

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

NICH Income Statement

Metric	FY24	FY23	FY22
Revenue	$5K+14.3%	$4K+494.9%	$710
Cost of Revenue	N/A	$21K+299.2%	$5K
Gross Profit	-$147K-756.6%	-$17K-269.3%	-$5K
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	$421K-49.4%	$832K
Operating Income	N/A	-$443K+47.1%	-$838K
Interest Expense	N/A	-$38K	$0
Income Tax	$0	$0	$0
Net Income	N/A	N/A	-$834K
EPS (Diluted)	N/A	N/A	N/A

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	N/A	$0-100.0%	$5K	$0-100.0%	$382-54.3%	$835-33.6%	$1K-28.2%	$2K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	-$500-115.9%	$3K+47.0%	$2K+132.4%	-$7K-40.1%	-$5K+36.9%	-$7K-553.2%	$2K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	$71K+1.0%	$70K-66.6%	$209K+358.4%	$46K-52.3%	$96K
Operating Income	N/A	-$93K-163.4%	$146K+310.0%	-$70K+12.7%	-$80K+62.6%	-$214K-291.9%	-$54K+42.9%	-$95K
Interest Expense	N/A	-$436K	N/A	-$205K-1752.1%	$12K+259.6%	$3K-10.2%	$4K+106.7%	-$57K
Income Tax	N/A	N/A	N/A	$0	$0	$0	$0	$0
Net Income	N/A	$160K	N/A	-$198K	N/A	-$252K-202.9%	-$83K+66.5%	-$248K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NICH Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$64K-64.1%	$179K-17.9%	$217K
Current Assets	$62K-56.9%	$144K-28.8%	$202K
Cash & Equivalents	$60K+17339.2%	$344-99.5%	$71K
Inventory	$0-100.0%	$135K+3.4%	$131K
Accounts Receivable	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$2.3M+457.3%	$418K+1130.9%	$34K
Current Liabilities	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A
Total Equity	-$2.3M-845.4%	-$240K-230.8%	$183K
Retained Earnings	-$34.7M-8.9%	-$31.8M-5.7%	-$30.1M

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Total Assets	$64K-75.4%	$261K+22.8%	$213K+5.6%	$201K+12.8%	$179K-15.8%	$212K+38.8%	$153K	N/A
Current Assets	$62K-67.4%	$190K+31.7%	$144K-0.5%	$145K+0.7%	$144K-21.0%	$182K+33.4%	$136K	N/A
Cash & Equivalents	$60K+64.4%	$36K+405.4%	$7K-8.3%	$8K+2188.7%	$344-97.3%	$13K+1227.0%	$949-76.1%	$4K
Inventory	$0-100.0%	$152K+12.2%	$135K0.0%	$135K0.0%	$135K-0.4%	$136K0.0%	$136K	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.3M+47.6%	$1.6M-18.4%	$1.9M+156.1%	$756K+80.7%	$418K+129.3%	$183K-34.0%	$277K	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.3M-72.0%	-$1.3M+23.5%	-$1.7M-210.7%	-$555K-131.2%	-$240K-909.3%	$30K+133.0%	-$90K+59.5%	-$222K
Retained Earnings	-$34.7M-6.6%	-$32.5M+0.5%	-$32.7M-5.0%	-$31.1M+2.2%	-$31.8M-4.2%	-$30.5M-0.4%	-$30.4M	N/A

NICH Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	N/A	-$224K+53.7%	-$483K
Capital Expenditures	N/A	$0-100.0%	$8K
Free Cash Flow	N/A	-$224K+54.5%	-$491K
Investing Cash Flow	$0+100.0%	-$25K-43.7%	-$17K
Financing Cash Flow	N/A	$177K-68.9%	$570K
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Operating Cash Flow	N/A	-$107K-172.7%	$148K+320.1%	-$67K-134.5%	$194K+182.1%	-$237K-340.3%	-$54K+57.8%	-$127K
Capital Expenditures	N/A	$0	$0	$0+100.0%	-$19K-223.3%	$15K	$0-100.0%	$4K
Free Cash Flow	N/A	-$107K-172.7%	$148K+320.1%	-$67K-138.2%	$176K+169.8%	-$252K-368.2%	-$54K+58.9%	-$131K
Investing Cash Flow	$40K+1106.3%	-$4K+69.6%	-$13K+43.1%	-$23K-285.0%	-$6K+60.0%	-$15K	$0+100.0%	-$4K
Financing Cash Flow	N/A	$141K+204.0%	-$135K-238.4%	$98K+148.7%	-$201K-176.2%	$263K+419.0%	$51K-19.9%	$63K
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

NICH Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	-3038.2%-2632.6pp	-405.5%+247.8pp	-653.4%
Operating Margin	N/A	-10495.4%+107586.5pp	-118082.0%
Net Margin	N/A	N/A	-117483.7%
Return on Equity	N/A	N/A	-454.7%
Return on Assets	N/A	N/A	-383.6%
Current Ratio	N/A	N/A	N/A
Debt-to-Equity	-1.03+0.7	-1.74-1.9	0.19
FCF Margin	N/A	-5292.3%+63912.0pp	-69204.4%

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Gross Margin	N/A	N/A	65.1%	N/A	-1727.8%-1163.7pp	-564.1%+30.0pp	-594.1%-688.3pp	94.2%
Operating Margin	N/A	N/A	3032.1%	N/A	-20916.2%+4657.7pp	-25573.9%-21239.1pp	-4334.8%+1116.5pp	-5451.3%
Net Margin	N/A	N/A	N/A	N/A	N/A	-30219.9%-23593.2pp	-6626.7%+7565.8pp	-14192.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	-851.3%	N/A	N/A
Return on Assets	N/A	61.2%	N/A	-98.3%	N/A	-118.9%-64.4pp	-54.5%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	-1.03+0.2	-1.20-0.1	-1.12+0.2	-1.36+0.4	-1.74-7.9	6.16+9.2	-3.08	N/A
FCF Margin	N/A	N/A	3059.3%	N/A	46045.3%+76204.1pp	-30158.8%-25880.0pp	-4278.8%+3197.3pp	-7476.1%

Note: Shareholder equity is negative (-$2.3M), 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.

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Frequently Asked Questions

What is Nitches Inc's annual revenue?

Nitches Inc (NICH) reported $5K in total revenue for fiscal year 2024. This represents a 14.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Nitches Inc's revenue growing?

Nitches Inc (NICH) revenue grew by 14.3% year-over-year, from $4K to $5K in fiscal year 2024.

What is Nitches Inc's gross margin?

Nitches Inc (NICH) had a gross margin of -3038.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What are Nitches Inc's total assets?

Nitches Inc (NICH) had $64K in total assets as of fiscal year 2024, including both current and long-term assets.

What is Nitches Inc's debt-to-equity ratio?

Nitches Inc (NICH) had a debt-to-equity ratio of -1.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Nitches Inc's debt-to-equity ratio negative or unusual?

Nitches Inc (NICH) has negative shareholder equity of -$2.3M as of fiscal year 2024, 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.

How financially healthy is Nitches Inc?

Nitches Inc (NICH) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.