N2OFF INC Financials

NITO

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

Financial Health Signals

Financial Profile 50/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

N2OFF INC has an operating margin of -2057.1%, meaning the company retains $-2057 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -2876.5% the prior year.

Growth

N2OFF INC's revenue declined 20.3% year-over-year, from $263K to $210K. This contraction results in a growth score of 0/100.

Leverage

100

N2OFF INC carries a low D/E ratio of 0.19, meaning only $0.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.82, N2OFF INC holds $3.82 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Piotroski F-Score Weak

3/9

N2OFF INC passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.66x

For every $1 of reported earnings, N2OFF INC generates $0.66 in operating cash flow (-$3.4M OCF vs -$5.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-270000.0x

N2OFF INC earns $-270000.0 in operating income for every $1 of interest expense (-$4.3M vs $16). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows N2OFF INC (NITO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

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Key Financial Metrics

Revenue

$210K

YoY-20.3%

5Y CAGR+3.6%

N2OFF INC generated $210K in revenue in fiscal year 2024. This represents a decrease of 20.3% from the prior year.

EBITDA

-$4.3M

YoY+43.1%

N2OFF INC's EBITDA was -$4.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 43.1% from the prior year.

Free Cash Flow

N/A

Net Income

-$5.2M

YoY+20.4%

N2OFF INC reported -$5.2M in net income in fiscal year 2024. This represents an increase of 20.4% from the prior year.

EPS (Diluted)

$-0.89

N2OFF INC earned $-0.89 per diluted share (EPS) in fiscal year 2024. This represents an increase of 83.6% from the prior year.

Cash & Debt

$2.2M

YoY-51.6%

5Y CAGR+49.3%

N2OFF INC held $2.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

344,741

N2OFF INC had 344,741 shares outstanding in fiscal year 2024. This represents a decrease of 88.3% from the prior year.

Gross Margin

21.4%

YoY-57.5pp

5Y CAGR+3.6pp

N2OFF INC's gross margin was 21.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 57.5 percentage points from the prior year.

Operating Margin

-2057.1%

YoY+819.4pp

5Y CAGR-958.7pp

N2OFF INC's operating margin was -2057.1% in fiscal year 2024, reflecting core business profitability. This is up 819.4 percentage points from the prior year.

Net Margin

-2472.9%

YoY+2.8pp

5Y CAGR-1351.6pp

N2OFF INC's net profit margin was -2472.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$369K

YoY-81.0%

5Y CAGR-9.7%

N2OFF INC invested $369K in research and development in fiscal year 2024. This represents a decrease of 81.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

NITO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$210K-20.3%	$263K-33.1%	$394K-10.1%	$438K+88.6%	$232K+32.1%	$176K
Cost of Revenue	$165K+200.0%	$55K-65.3%	$158K+16.5%	$136K+213.2%	$43K-70.0%	$145K
Gross Profit	$45K-78.4%	$208K-11.7%	$236K-22.0%	$302K+60.0%	$189K+503.9%	$31K
R&D Expenses	$369K-81.0%	$1.9M+151.4%	$771K+43.1%	$539K+29.2%	$417K-32.3%	$616K
SG&A Expenses	$3.8M-32.6%	$5.6M+18.2%	$4.7M+10.5%	$4.3M+298.7%	$1.1M+6.5%	$1.0M
Operating Income	-$4.3M+43.0%	-$7.6M-30.2%	-$5.8M-23.7%	-$4.7M-248.6%	-$1.3M+30.1%	-$1.9M
Interest Expense	$16+100.0%	-$66K-95.6%	-$34K-504.6%	$8K-95.9%	$203K+4593.9%	$4K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$5.2M+20.4%	-$6.5M-13.6%	-$5.7M-19.1%	-$4.8M-202.6%	-$1.6M+19.2%	-$2.0M
EPS (Diluted)	$-0.89	$-5.43	$10.85	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$2K	N/A	$66K-52.9%	$140K+724.5%	$17K-61.2%	$44K	N/A	N/A
Cost of Revenue	$2K0.0%	$2K-85.7%	$14K-74.1%	$54K+800.0%	$6K-78.6%	$28K	N/A	N/A
Gross Profit	$0+100.0%	-$2K-103.8%	$52K-39.5%	$86K+681.8%	$11K-31.3%	$16K	N/A	N/A
R&D Expenses	$52K+477.8%	$9K-55.0%	$20K-91.2%	$228K+3700.0%	$6K-94.8%	$116K	N/A	$1.7M
SG&A Expenses	$1.2M-55.3%	$2.8M+358.9%	$604K-35.5%	$937K+17.9%	$795K+7.1%	$742K	N/A	$1.1M
Operating Income	-$1.3M+53.2%	-$2.8M-357.5%	-$619K+45.6%	-$1.1M-34.4%	-$847K+5.8%	-$899K	N/A	-$2.9M
Interest Expense	N/A	$127K	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	$429K+109.5%	-$4.5M-278.0%	-$1.2M+13.1%	-$1.4M-74.5%	-$787K-2.3%	-$769K	N/A	-$2.4M
EPS (Diluted)	$0.97	$-0.18+53.8%	$-0.39	$-0.01+95.7%	$-0.23+11.5%	$-0.26	N/A	$-1.78

NITO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$5.5M-24.6%	$7.2M+11.6%	$6.5M-14.5%	$7.6M+1004.8%	$688K+3.5%	$665K
Current Assets	$3.4M-37.7%	$5.5M-12.9%	$6.3M-13.2%	$7.2M+1359.9%	$495K+16.6%	$425K
Cash & Equivalents	$2.2M-51.6%	$4.4M-22.0%	$5.7M-15.6%	$6.8M+2679.3%	$243K-16.5%	$291K
Inventory	$21K-82.8%	$122K+49.3%	$82K+261.5%	$23K+38.2%	$16K+0.3%	$16K
Accounts Receivable	$143K+33.6%	$107K-44.4%	$193K+11.6%	$173K+16.7%	$148K+131.1%	$64K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$892K+13.5%	$786K+4.1%	$755K-36.3%	$1.2M+2.7%	$1.2M+8.1%	$1.1M
Current Liabilities	$892K+14.5%	$779K+9.0%	$715K-23.2%	$931K+18.6%	$785K+25.9%	$624K
Long-Term Debt	N/A	N/A	N/A	$8K+3.4%	$8K-45.7%	$15K
Total Equity	$4.7M-26.7%	$6.5M+10.8%	$5.8M-9.8%	$6.5M+1586.4%	-$436K-14.5%	-$381K
Retained Earnings	-$34.6M-17.7%	-$29.4M-28.6%	-$22.8M-33.6%	-$17.1M-39.3%	-$12.3M-14.9%	-$10.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$11.0M+42.2%	$7.8M+5.3%	$7.4M+34.8%	$5.5M-26.9%	$7.5M+19.4%	$6.3M-13.5%	$7.2M+37.9%	$5.3M
Current Assets	$8.7M+72.6%	$5.0M+15.7%	$4.3M+27.4%	$3.4M-37.7%	$5.5M+23.6%	$4.4M-19.1%	$5.5M+92.1%	$2.8M
Cash & Equivalents	$6.0M+92.6%	$3.1M+15.2%	$2.7M+26.5%	$2.2M-51.8%	$4.5M+28.0%	$3.5M-21.5%	$4.4M+129.9%	$1.9M
Inventory	$16K0.0%	$16K+6.7%	$15K-28.6%	$21K-80.3%	$106K+2.3%	$104K-14.8%	$122K+34.4%	$91K
Accounts Receivable	$2K-99.0%	$195K0.0%	$195K+36.4%	$143K-9.5%	$158K+8.1%	$146K+36.5%	$107K+133.8%	$46K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.4M+6.8%	$2.2M-40.0%	$3.7M+311.1%	$892K-44.0%	$1.6M+181.7%	$566K-28.0%	$786K+24.1%	$633K
Current Liabilities	$2.1M+94.2%	$1.1M+8.6%	$976K+9.4%	$892K-43.9%	$1.6M+183.8%	$561K-28.0%	$779K+23.0%	$633K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.9M+54.9%	$5.8M+46.3%	$3.9M-17.0%	$4.7M-20.5%	$6.0M+3.4%	$5.8M-10.9%	$6.5M+41.3%	$4.6M
Retained Earnings	-$39.8M+1.1%	-$40.3M-12.6%	-$35.7M-3.5%	-$34.6M-11.8%	-$30.9M-2.6%	-$30.1M-2.6%	-$29.4M-6.3%	-$27.6M

NITO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$3.4M-5.7%	-$3.2M+36.6%	-$5.1M-23.9%	-$4.1M-415.0%	-$799K+35.8%	-$1.2M
Capital Expenditures	N/A	N/A	$52K-23.7%	$68K	N/A	$23K
Free Cash Flow	N/A	N/A	-$5.1M-23.1%	-$4.2M	N/A	-$1.3M
Investing Cash Flow	-$1.9M-24.4%	-$1.5M-2838.7%	-$52K+23.7%	-$68K-906.1%	-$7K+91.8%	-$82K
Financing Cash Flow	$3.0M-12.3%	$3.5M-15.2%	$4.1M-61.8%	$10.7M+1345.9%	$742K-37.0%	$1.2M
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	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$974K-84.5%	-$528K+34.7%	-$809K-64.4%	-$492K+52.1%	-$1.0M-2.0%	-$1.0M-3.4%	-$975K-56.2%	-$624K
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	-$273K+39.2%	-$449K+61.8%	-$1.2M-127.9%	-$516K	N/A	N/A	$559+100.1%	-$418K
Financing Cash Flow	$4.2M+196.9%	$1.4M-44.6%	$2.5M+467.7%	$446K-79.4%	$2.2M+5320.0%	$40K	N/A	N/A
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

NITO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	21.4%-57.5pp	79.0%+19.1pp	59.8%-9.2pp	69.0%-12.3pp	81.3%+63.5pp	17.8%
Operating Margin	-2057.1%+819.4pp	-2876.5%-1399.5pp	-1477.0%-403.5pp	-1073.5%-492.6pp	-580.9%+517.5pp	-1098.4%
Net Margin	-2472.9%+2.8pp	-2475.7%-1018.9pp	-1456.7%-356.5pp	-1100.2%-414.3pp	-685.9%+435.4pp	-1121.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-95.0%-5.0pp	-90.0%-1.6pp	-88.4%-25.0pp	-63.4%+168.2pp	-231.7%+64.9pp	-296.6%
Current Ratio	3.82-3.2	7.02-1.8	8.77+1.0	7.76+7.1	0.63-0.1	0.68
Debt-to-Equity	0.19+0.1	0.120.0	0.13+0.1	0.00+0.0	-0.02+0.0	-0.04
FCF Margin	N/A	N/A	-1306.8%-352.5pp	-954.3%	N/A	-721.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	0.0%	N/A	78.8%+17.4pp	61.4%-3.4pp	64.7%+28.2pp	36.5%	N/A	N/A
Operating Margin	-66300.0%	N/A	-937.9%-126.0pp	-811.9%+4170.5pp	-4982.4%-2931.3pp	-2051.1%	N/A	N/A
Net Margin	21450.0%	N/A	-1807.6%-828.1pp	-979.5%+3649.9pp	-4629.4%-2874.9pp	-1754.5%	N/A	N/A
Return on Equity	4.8%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	3.9%+62.1pp	-58.2%-42.0pp	-16.2%+8.9pp	-25.1%-14.6pp	-10.5%+1.8pp	-12.3%	N/A	-45.1%
Current Ratio	4.21-0.5	4.73+0.3	4.44+0.6	3.82+0.4	3.43-4.5	7.89+0.9	7.02+2.5	4.49
Debt-to-Equity	0.26-0.1	0.38-0.5	0.93+0.7	0.19-0.1	0.27+0.2	0.10-0.0	0.12-0.0	0.14
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is N2OFF INC's annual revenue?

N2OFF INC (NITO) reported $210K in total revenue for fiscal year 2024. This represents a -20.3% 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 N2OFF INC's revenue growing?

N2OFF INC (NITO) revenue declined by 20.3% year-over-year, from $263K to $210K in fiscal year 2024.

Is N2OFF INC profitable?

No, N2OFF INC (NITO) reported a net income of -$5.2M in fiscal year 2024, with a net profit margin of -2472.9%.

What is N2OFF INC's earnings per share (EPS)?

N2OFF INC (NITO) reported diluted earnings per share of $-0.89 for fiscal year 2024. 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 N2OFF INC's EBITDA?

N2OFF INC (NITO) had EBITDA of -$4.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is N2OFF INC's gross margin?

N2OFF INC (NITO) had a gross margin of 21.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is N2OFF INC's operating margin?

N2OFF INC (NITO) had an operating margin of -2057.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is N2OFF INC's net profit margin?

N2OFF INC (NITO) had a net profit margin of -2472.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is N2OFF INC's operating cash flow?

N2OFF INC (NITO) generated -$3.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are N2OFF INC's total assets?

N2OFF INC (NITO) had $5.5M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does N2OFF INC spend on research and development?

N2OFF INC (NITO) invested $369K in research and development during fiscal year 2024.

How many shares does N2OFF INC have outstanding?

N2OFF INC (NITO) had 344,741 shares outstanding as of fiscal year 2024.

What is N2OFF INC's current ratio?

N2OFF INC (NITO) had a current ratio of 3.82 as of fiscal year 2024, which is generally considered healthy.

What is N2OFF INC's debt-to-equity ratio?

N2OFF INC (NITO) had a debt-to-equity ratio of 0.19 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is N2OFF INC's return on assets (ROA)?

N2OFF INC (NITO) had a return on assets of -95.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is N2OFF INC's cash runway?

Based on fiscal year 2024 data, N2OFF INC (NITO) had $2.2M in cash against an annual operating cash burn of $3.4M. This gives an estimated cash runway of approximately 8 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 N2OFF INC's Piotroski F-Score?

N2OFF INC (NITO) 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 N2OFF INC's earnings high quality?

N2OFF INC (NITO) has an earnings quality ratio of 0.66x, 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.

Can N2OFF INC cover its interest payments?

N2OFF INC (NITO) has an interest coverage ratio of -270000.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is N2OFF INC?

N2OFF INC (NITO) scores 50 out of 100 on our Financial Profile, indicating moderate 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.