NioCorp Developments Financials

NIOBW

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE June

This page shows NioCorp Developments (NIOBW) 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).

Financial Health Signals

Piotroski F-Score Weak

3/9

NioCorp Developments passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.59x

For every $1 of reported earnings, NioCorp Developments generates $0.59 in operating cash flow (-$10.7M OCF vs -$18.0M 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

-$18.0M

YoY-51.1%

NioCorp Developments reported -$18.0M in net income in fiscal year 2025. This represents a decrease of 51.1% from the prior year.

EPS (Diluted)

$-0.36

YoY-16.1%

NioCorp Developments earned $-0.36 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 16.1% from the prior year.

Cash & Debt

$25.6M

YoY+1170.1%

5Y CAGR+142.1%

10Y CAGR+42.3%

NioCorp Developments held $25.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

58M

YoY+53.7%

NioCorp Developments had 58M shares outstanding in fiscal year 2025. This represents an increase of 53.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-63.5%

YoY+1126.3pp

5Y CAGR+88.0pp

10Y CAGR+397.8pp

NioCorp Developments's ROE was -63.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1126.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

NIOBW 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	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$48K-98.9%	$4.5M+92.2%	$2.3M-17.4%	$2.8M+83.2%	$1.5M+335.9%	$354K
Income Tax	$0+100.0%	-$139K+54.3%	-$304K	N/A	N/A	N/A
Net Income	-$18.0M-51.1%	-$11.9M+70.5%	-$40.3M-270.2%	-$10.9M-125.7%	-$4.8M-20.6%	-$4.0M
EPS (Diluted)	$-0.36-16.1%	$-0.31	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	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	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$0	N/A	N/A	N/A	-$4K+90.9%	-$44K	N/A	$1.0M
Income Tax	$0	N/A	N/A	N/A	$0	N/A	N/A	N/A
Net Income	-$623K+98.6%	-$43.5M	N/A	-$5.3M-1077.1%	-$450K+78.6%	-$2.1M	N/A	-$4.1M
EPS (Diluted)	$0.00	N/A	N/A	N/A	$-0.01	N/A	N/A	N/A

NIOBW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$43.8M+118.3%	$20.1M-4.1%	$20.9M-8.0%	$22.8M-7.0%	$24.5M+122.5%	$11.0M
Current Assets	$26.7M+813.1%	$2.9M-21.4%	$3.7M-34.4%	$5.7M-22.6%	$7.3M+2071.9%	$338K
Cash & Equivalents	$25.6M+1170.1%	$2.0M-14.1%	$2.3M-55.7%	$5.3M-27.8%	$7.3M+2283.4%	$307K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$0	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
Current Liabilities	$1.9M-84.2%	$12.0M+235.9%	$3.6M-29.7%	$5.1M+29.4%	$3.9M-51.1%	$8.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$344K
Total Equity	$28.3M+2732.3%	$1.0M+109.1%	-$11.0M-162.1%	$17.7M+33.7%	$13.2M+400.3%	$2.6M
Retained Earnings	-$179.3M-10.7%	-$161.9M-7.6%	-$150.5M-36.3%	-$110.4M-10.9%	-$99.5M-5.1%	-$94.7M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$348.0M+78.8%	$194.7M+344.3%	$43.8M+137.2%	$18.5M+3.5%	$17.9M-2.6%	$18.3M-8.7%	$20.1M+13.9%	$17.6M
Current Assets	$307.6M+88.1%	$163.5M+511.7%	$26.7M+1847.3%	$1.4M+86.0%	$738K-38.3%	$1.2M-59.2%	$2.9M+543.5%	$455K
Cash & Equivalents	$306.4M+88.2%	$162.8M+536.9%	$25.6M+1874.8%	$1.3M+171.3%	$477K+218.0%	$150K-92.5%	$2.0M+937.1%	$194K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.2M	N/A	$0	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$40.0M-7.6%	$43.2M+195.0%	$14.7M+51.1%	$9.7M+0.6%	$9.6M-33.2%	$14.4M-17.7%	$17.5M-3.3%	$18.1M
Current Liabilities	$9.8M+146.0%	$4.0M+110.0%	$1.9M+68.7%	$1.1M-70.7%	$3.8M-52.9%	$8.1M-32.1%	$12.0M+31.0%	$9.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$308.7M+103.7%	$151.5M+434.9%	$28.3M+276.1%	$7.5M+9.3%	$6.9M+189.4%	$2.4M+138.1%	$1.0M+147.8%	-$2.1M
Retained Earnings	-$222.6M-0.3%	-$222.0M-23.8%	-$179.3M-5.6%	-$169.7M-3.2%	-$164.4M-0.3%	-$164.0M-1.3%	-$161.9M-0.5%	-$161.0M

NIOBW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$10.7M+9.1%	-$11.7M+32.2%	-$17.3M-181.2%	-$6.2M-30.1%	-$4.7M-55.0%	-$3.0M
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	-$7K	N/A	$21K+231.3%	-$16K+99.7%	-$6.3M	N/A
Financing Cash Flow	$34.2M+200.0%	$11.4M-22.1%	$14.6M+240.3%	$4.3M-76.2%	$18.1M+501.7%	$3.0M
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	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$838K+87.4%	-$6.7M-39.4%	-$4.8M-22.8%	-$3.9M-191.1%	-$1.3M-108.4%	-$642K+89.5%	-$6.1M-517.2%	-$991K
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	-$8.9M+36.4%	-$14.1M-703800.0%	-$2K	$0	N/A	N/A	N/A	N/A
Financing Cash Flow	$153.4M-2.9%	$158.0M+443.8%	$29.0M+516.4%	$4.7M+182.2%	$1.7M+236.9%	-$1.2M-115.4%	$7.9M+1339.9%	$551K
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

NIOBW 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	-63.5%+1126.3pp	-1189.8%-1557.3pp	367.5%+429.2pp	-61.6%-25.1pp	-36.5%+115.0pp	-151.5%
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%
Current Ratio	14.12+13.9	0.24-0.8	1.05-0.1	1.12-0.8	1.87+1.8	0.04
Debt-to-Equity	0.52-17.0	17.54+20.3	-2.72-3.0	0.29-0.6	0.85+0.7	0.13
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
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	-0.2%+28.5pp	-28.7%	N/A	-70.3%-63.8pp	-6.5%+81.8pp	-88.3%	N/A	193.7%
Return on Assets	-0.2%+22.2pp	-22.4%	N/A	-28.7%-26.2pp	-2.5%+8.9pp	-11.5%	N/A	-23.0%
Current Ratio	31.45-9.7	41.13+27.0	14.12+12.9	1.22+1.0	0.19+0.0	0.15-0.1	0.24+0.2	0.05
Debt-to-Equity	0.13-0.2	0.29-0.2	0.52-0.8	1.29-0.1	1.40-4.7	6.06-11.5	17.54+26.2	-8.66
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is NioCorp Developments profitable?

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

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

NioCorp Developments (NIOBW) reported diluted earnings per share of $-0.36 for fiscal year 2025. This represents a -16.1% 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 NioCorp Developments's return on equity (ROE)?

NioCorp Developments (NIOBW) 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's operating cash flow?

NioCorp Developments (NIOBW) generated -$10.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are NioCorp Developments's total assets?

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

How many shares does NioCorp Developments have outstanding?

NioCorp Developments (NIOBW) had 58M shares outstanding as of fiscal year 2025.

What is NioCorp Developments's current ratio?

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

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

NioCorp Developments (NIOBW) 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's return on assets (ROA)?

NioCorp Developments (NIOBW) 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's cash runway?

Based on fiscal year 2025 data, NioCorp Developments (NIOBW) had $25.6M in cash against an annual operating cash burn of $10.7M. This gives an estimated cash runway of approximately 29 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.

What is NioCorp Developments's Piotroski F-Score?

NioCorp Developments (NIOBW) has a Piotroski F-Score of 3 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 NioCorp Developments's earnings high quality?

NioCorp Developments (NIOBW) has an earnings quality ratio of 0.59x, 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.