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

NioCorp Developments Ltd. Warrant (NIOBW) reported diluted earnings per share of -$0.41 for fiscal year 2026. 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. Warrant (NIOBW) Financials

NIOBW NASDAQ

FY2026 annual

Net Income -$48.6M n/m YoY

EPS (Diluted) -$0.41 YoY not available

Free Cash Flow -$37.2M n/m YoY

Operating Cash Flow -$15.9M n/m YoY

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Sep 25, 2026 Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Sep 25, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NIOBW SEC filings page.

This page shows NioCorp Developments Ltd. Warrant (NIOBW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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 NIOBW FY2026 2026-10-25

FY2026 shows a development-stage balance sheet funded mainly by new capital, while operating spending and project investment still produce losses.

The key disconnect is between accounting and cash: FY2026 recorded a net loss of $48.6M but an operating cash outflow of $15.9M, compared with a $17.4M loss and $10.7M outflow in FY2025. Losses therefore exceed immediate operating cash use, pointing to noncash charges or timing effects rather than a one-for-one cash drain.

FY2026 financing inflows reached $437.1M versus $34.2M in FY2025, alongside a 965.5% increase in assets. With liabilities at only $37.1M against $431.2M of equity, reported expansion is being funded externally rather than by operations.

Capital deployment accelerated: free-cash-flow outflow grew to $37.2M from $10.7M, while capital expenditures reached $21.3M from just $5K. The business is absorbing substantially more project investment even as selling, general and administrative expense rose 184.2%.

Financial Health Signals

Financial health score not available

NioCorp Developments Ltd. Warrant 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. Warrant 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. Warrant reported a net loss of $48.6M while operations used $15.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

EPS (Diluted)

-$0.02

QoQ-300.0%

NioCorp Developments Ltd. Warrant earned -$0.02 per diluted share (EPS) in Q4 2026. Against the prior quarter it is down 300.0%.

Revenue

Not reported for Q4 2026.

EBITDA

Not reported for Q4 2026.

Net Income

Not reported for Q4 2026.

Cash & Balance Sheet

Free Cash Flow

-$6.1M

YoYn/m

NioCorp Developments Ltd. Warrant recorded an outflow of $6.1M in free cash flow in Q4 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.

Cash & Debt

$415.0M

YoY+1524.0%

QoQ-1.0%

5Y CAGR+124.3%

10Y CAGR+57.5%

NioCorp Developments Ltd. Warrant held $415.0M in cash as of Q4 2026; no long-term debt figure is on record for that period.

Shares Outstanding

146M

QoQ+0.2%

NioCorp Developments Ltd. Warrant had 146M shares outstanding in Q4 2026. Against the prior quarter it is up 0.2%.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

None of these metrics is reported for Q4 2026.

Capital Allocation

Capital Expenditures

$2.0M

YoYn/m

NioCorp Developments Ltd. Warrant invested $2.0M in capex in Q4 2026, funding long-term assets and infrastructure. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.

R&D Spending

Not reported for Q4 2026.

Share Buybacks

Not reported for Q4 2026.

NIOBW 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.

NIOBW quarterly income statement

Metric	FY2610-K	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	$22.2M+184.2%	$7.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$0-100.0%	$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	$0n/m	$0n/m	-$139Kn/m	-$304K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$2.8M
Net Income	-$48.6Mn/m	-$17.4Mn/m	-$11.9Mn/m	-$40.3Mn/m	-$10.9Mn/m	-$4.8Mn/m	-$4.0Mn/m	-$7.3Mn/m	-$8.5Mn/m	-$14.6Mn/m	-$11.4Mn/m	-$23.1M
EPS (Basic)	-$0.41	-$0.36	-$0.31	N/A	N/A	$0.020.0%	$0.02-33.3%	$0.03-25.0%	$0.04-50.0%	$0.08+14.3%	$0.07-58.8%	$0.17
EPS (Diluted)	-$0.41	-$0.36	-$0.31	N/A	N/A	$0.020.0%	$0.02-33.3%	$0.03-25.0%	$0.04-50.0%	$0.08+14.3%	$0.07-58.8%	$0.17
Diluted Shares (Avg)	117M	45M	34M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Interest Expense	N/A	$0n/m	$0-100.0%	N/A	N/A	$0n/m	$4Kn/m	$44Kn/m
Income Tax	N/A	$0n/m	$0n/m	N/A	N/A	$0	$0	N/A
Net Income	N/A	$669Kn/m	-$623Kn/m	-$43.5Mn/m	N/A	-$5.3Mn/m	-$450Kn/m	-$2.1Mn/m
EPS (Basic)	-$0.02	$0.01	$0.00	N/A	-$0.19	-$0.11	-$0.01	N/A
EPS (Diluted)	-$0.02	$0.01	$0.00	N/A	-$0.19	-$0.11	-$0.01	N/A
Diluted Shares (Avg)	N/A	136M	117M	N/A	N/A	46M	41M	N/A

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

NIOBW Balance Sheet

NIOBW quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$466.9M+965.5%	$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	$418.8M+1466.5%	$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	$415.0M+1524.0%	$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	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0-100.0%	$10K-37.5%	$16K+128.6%	$7K+40.0%	$5K-58.3%	$12K-47.8%	$23K-28.1%	$32Kn/m	$0
Goodwill	$2.2Mn/m	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$37.1M+153.1%	$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	$16.5M+772.4%	$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	$20.6M+61.3%	$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	$7.7M-27.5%	$10.6M	N/A	$7.2M+2002.9%	$344K-90.2%	$3.5M-44.8%	$6.4M+27.3%	$5.0M-22.5%	$6.5M	N/A
Total Equity	$431.2M+1422.6%	$28.3M+2732.3%	$1.0Mn/m	-$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	-$227.9Mn/m	-$179.3Mn/m	-$161.9Mn/m	-$150.5Mn/m	-$110.4Mn/m	-$99.5Mn/m	-$94.7Mn/m	-$90.7Mn/m	-$83.3Mn/m	-$74.9Mn/m	-$60.2M	N/A

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$466.9M+965.5%	$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%
Current Assets	$418.8M+1466.5%	$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%
Cash & Equivalents	$415.0M+1524.0%	$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%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Goodwill	$2.2Mn/m	$2.2M	$2.2M	N/A	$0	N/A	N/A	N/A
Total Liabilities	$37.1M+153.1%	$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%
Current Liabilities	$16.5M+772.4%	$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%
Non-Current Liabilities	$20.6M+61.3%	$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%
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$1.2M	$5.3M
Total Equity	$431.2M+1422.6%	$435.4M+5681.4%	$308.7M+4379.7%	$151.5M+6263.3%	$28.3M+2732.3%	$7.5Mn/m	$6.9Mn/m	$2.4Mn/m
Retained Earnings	-$227.9Mn/m	-$221.9Mn/m	-$222.6Mn/m	-$222.0Mn/m	-$179.3Mn/m	-$169.7Mn/m	-$164.4Mn/m	-$164.0Mn/m

Not reported in any period shown, so not listed: Inventory, Accounts Receivable.

NIOBW Cash Flow Statement

NIOBW quarterly cash flow statement

Metric	FY2610-K	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	-$15.9Mn/m	-$10.7Mn/m	-$11.7Mn/m	-$17.3Mn/m	-$6.2Mn/m	-$4.7Mn/m	-$3.0Mn/m	-$4.4Mn/m	-$6.1Mn/m	-$10.7Mn/m	-$11.0Mn/m	-$17.3M
Depreciation & Amortization	$359K+11866.7%	$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	$4.4M+462.9%	$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	$21.3M+425040.0%	$5K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$4K-85.2%	$27K
Free Cash Flow	-$37.2Mn/m	-$10.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$11.0Mn/m	-$17.3M
Investing Cash Flow	-$29.7Mn/m	-$5K	N/A	$21Kn/m	-$16Kn/m	-$6.3M	N/A	N/A	$15K+66.7%	$9Kn/m	-$4K	N/A
Financing Cash Flow	$437.1M+1177.8%	$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	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	-$4.0Mn/m	-$4.4Mn/m	-$838Kn/m	-$6.7Mn/m	-$4.8Mn/m	-$3.9Mn/m	-$1.3Mn/m	-$642Kn/m
Depreciation & Amortization	N/A	N/A	$45Kn/m	$1K0.0%	N/A	N/A	$0n/m	$1K0.0%
Stock-Based Compensation	N/A	N/A	N/A	$2.3M	N/A	N/A	N/A	N/A
Capital Expenditures	$2.0Mn/m	N/A	N/A	N/A	$0	N/A	N/A	N/A
Free Cash Flow	-$6.1Mn/m	N/A	N/A	N/A	-$4.8M	N/A	N/A	N/A
Investing Cash Flow	-$2.0Mn/m	-$4.6Mn/m	-$8.9M	-$14.1M	$0	$0	N/A	N/A
Financing Cash Flow	$1.9M-93.5%	$123.9M+2529.6%	$153.4M+9085.1%	$158.0Mn/m	$29.0M+266.1%	$4.7M+755.2%	$1.7M+17.3%	-$1.2M-181.7%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

NIOBW 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.

NIOBW quarterly financial ratios

Metric	FY2610-K	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	-11.3%+50.2pp	-61.5%+1128.3pp	-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	-10.4%+29.3pp	-39.7%+19.6pp	-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	25.36+11.2x	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	N/A	N/A	7.66	N/A	N/A	0.55+0.4x	0.13-0.6x	0.73-1.3x	2.00+0.3x	1.73+0.7x	1.04	N/A
Liabilities-to-Equity	0.09-0.4x	0.52-17.0x	17.54	N/A	0.29-0.6x	0.85-2.3x	3.16+1.9x	1.28-1.2x	2.52-0.4x	2.93+1.5x	1.46	N/A

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Return on Equity	N/A	0.1%+70.5pp	-0.2%+6.3pp	-28.7%+59.6pp	N/A	-70.3%	-6.5%	-88.3%
Return on Assets	N/A	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
Current Ratio	25.36+11.2x	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
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	0.17	2.21
Liabilities-to-Equity	0.09-0.4x	0.08-1.2x	0.13-1.3x	0.29-5.8x	0.52-17.0x	1.29	1.40	6.06

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

Where NioCorp Developments Ltd. Warrant Ranks

Frequently Asked Questions

Is NioCorp Developments Ltd. Warrant profitable?

No, NioCorp Developments Ltd. Warrant (NIOBW) reported a net loss of $48.6M in fiscal year 2026.

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

NioCorp Developments Ltd. Warrant (NIOBW) has a return on equity of -11.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is NioCorp Developments Ltd. Warrant's free cash flow?

NioCorp Developments Ltd. Warrant (NIOBW) recorded an outflow of $37.2M in free cash flow during fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

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

NioCorp Developments Ltd. Warrant (NIOBW) recorded an outflow of $15.9M in operating cash flow during fiscal year 2026, representing cash used by core business activities.

What are NioCorp Developments Ltd. Warrant's total assets?

NioCorp Developments Ltd. Warrant (NIOBW) had $466.9M in total assets as of fiscal year 2026, including both current and long-term assets.

What are NioCorp Developments Ltd. Warrant's capital expenditures?

NioCorp Developments Ltd. Warrant (NIOBW) invested $21.3M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does NioCorp Developments Ltd. Warrant have outstanding?

NioCorp Developments Ltd. Warrant (NIOBW) had 146M shares outstanding as of fiscal year 2026.

What is NioCorp Developments Ltd. Warrant's current ratio?

NioCorp Developments Ltd. Warrant (NIOBW) had a current ratio of 25.36 as of fiscal year 2026, which is generally considered healthy.

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

NioCorp Developments Ltd. Warrant (NIOBW) had a liabilities-to-equity ratio of 0.09 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2026, because the filing data we hold for that year carries no long-term debt figure.

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

NioCorp Developments Ltd. Warrant (NIOBW) had a return on assets of -10.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

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

NioCorp Developments Ltd. Warrant (NIOBW) 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. Warrant's earnings high quality?

NioCorp Developments Ltd. Warrant (NIOBW) reported a net loss of $48.6M while operations used $15.9M 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.