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

N2OFF INC (NITO) reported diluted earnings per share of $-8.61 for fiscal year 2025. This represents a 69.0% 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.

N2OFF INC Financials

NITO

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows N2OFF INC (NITO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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 NITO FY2025 2026-05-14

External financing rather than commercial revenue still carries Nexentis, while an asset-light cost structure turns most burn into overhead.

In FY2025, operating cash burn of -$3.8M nearly matched year-end cash of $3.8M, so one year of current burn would roughly consume the cash on hand. Financing then added $8.9M, and with capex only $14K the cash cushion was being rebuilt by outside capital while the drain remained mainly operating, not investment-led.

Across FY2023 to FY2025, R&D spending fell from $1.9M to $179K. At the same time, SG&A reached $5.1M in FY2025, indicating losses are being driven less by product-build spending and more by the standing cost of maintaining the organization.

The balance sheet still looks liquid in the short term, with a current ratio of 4.2x and liabilities far below equity. But FY2025 also carried $6.3M of goodwill, about 30.8% of assets, so a larger share of reported assets is now less tangible and less immediately useful for covering burn.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 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 N2OFF 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.

Leverage

N2OFF INC carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.19, N2OFF INC holds $4.19 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.

Returns

N2OFF INC generates a -25.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -109.3% the prior year.

Piotroski F-Score Weak

3/9

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

Earnings Quality Low Quality

0.95x

For every $1 of reported earnings, N2OFF INC generates $0.95 in operating cash flow (-$3.8M OCF vs -$4.0M 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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Earnings & Revenue

Revenue

N/A

EBITDA

-$4.2M

YoY-27.4%

N2OFF INC's EBITDA was -$4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 27.4% from the prior year.

Net Income

-$4.0M

YoY+22.9%

N2OFF INC reported -$4.0M in net income in fiscal year 2025. This represents an increase of 22.9% from the prior year.

EPS (Diluted)

$-8.61

YoY+69.0%

N2OFF INC earned $-8.61 per diluted share (EPS) in fiscal year 2025. This represents an increase of 69.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$3.8M

N2OFF INC generated -$3.8M in free cash flow in fiscal year 2025, representing cash available after capex.

Cash & Debt

$3.8M

YoY+99.3%

5Y CAGR+73.6%

N2OFF INC held $3.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

396,386

YoY+15.0%

N2OFF INC had 396,386 shares outstanding in fiscal year 2025. This represents an increase of 15.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-25.0%

YoY+84.3pp

N2OFF INC's ROE was -25.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 84.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$179K

YoY-51.5%

5Y CAGR-15.6%

N2OFF INC invested $179K in research and development in fiscal year 2025. This represents a decrease of 51.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$14K

N2OFF INC invested $14K in capex in fiscal year 2025, funding long-term assets and infrastructure.

NITO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	$210K-20.3%	$263K-33.1%	$394K-10.1%	$438K+88.6%	$232K
Cost of Revenue	N/A	$165K+200.0%	$55K-65.3%	$158K+16.5%	$136K+213.2%	$43K
Gross Profit	N/A	$45K-78.4%	$208K-11.7%	$236K-22.0%	$302K+60.0%	$189K
R&D Expenses	$179K-51.5%	$369K-81.0%	$1.9M+151.4%	$771K+43.1%	$539K+29.2%	$417K
SG&A Expenses	$5.1M+55.6%	$3.3M-41.1%	$5.6M+18.2%	$4.7M+10.5%	$4.3M+298.7%	$1.1M
Operating Income	-$4.2M-28.8%	-$3.3M+56.7%	-$7.6M-30.2%	-$5.8M-23.7%	-$4.7M-248.6%	-$1.3M
Interest Expense	$0-100.0%	$16+100.0%	-$66K-95.6%	-$34K-504.6%	$8K-95.9%	$203K
Income Tax	-$18K	N/A	N/A	N/A	N/A	N/A
Net Income	-$4.0M+22.9%	-$5.2M+20.4%	-$6.5M-13.6%	-$5.7M-19.1%	-$4.8M-202.6%	-$1.6M
EPS (Diluted)	$-8.61+69.0%	$-27.74	$-5.43	$10.85	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	$2K	N/A	$66K-52.9%	$140K+1457.4%	$9K-47.1%	$17K
Cost of Revenue	$125K	N/A	$2K0.0%	$2K-85.7%	$14K-74.1%	$54K-29.9%	$77K+1183.3%	$6K
Gross Profit	N/A	N/A	$0+100.0%	-$2K-103.8%	$52K-39.5%	$86K+226.5%	-$68K-718.2%	$11K
R&D Expenses	$275K	N/A	$52K+477.8%	$9K-55.0%	$20K-91.2%	$228K+1100.0%	$19K+216.7%	$6K
SG&A Expenses	$1.9M	N/A	$1.2M-55.3%	$2.8M+451.1%	$503K+8.9%	$462K-64.0%	$1.3M+61.5%	$795K
Operating Income	-$8.2M	N/A	-$1.3M+53.2%	-$2.8M-463.0%	-$503K-398.0%	-$101K+93.0%	-$1.4M-69.5%	-$847K
Interest Expense	N/A	N/A	N/A	$127K	N/A	N/A	N/A	N/A
Income Tax	-$23K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$6.6M	N/A	$429K+109.5%	-$4.5M-278.0%	-$1.2M+13.1%	-$1.4M+39.4%	-$2.3M-187.7%	-$787K
EPS (Diluted)	$-10.74	N/A	$0.97	$-0.18+99.8%	$-85.25	N/A	$-0.39-69.6%	$-0.23

NITO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$20.4M+273.4%	$5.5M-24.6%	$7.2M+11.6%	$6.5M-14.5%	$7.6M+1004.8%	$688K
Current Assets	$6.0M+74.2%	$3.5M-36.8%	$5.5M-12.9%	$6.3M-13.2%	$7.2M+1359.9%	$495K
Cash & Equivalents	$3.8M+99.3%	$1.9M-56.8%	$4.4M-22.0%	$5.7M-15.6%	$6.8M+2679.3%	$243K
Inventory	N/A	$21K-82.8%	$122K+49.3%	$82K+261.5%	$23K+38.2%	$16K
Accounts Receivable	$134K-2.2%	$137K+28.0%	$107K-44.4%	$193K+11.6%	$173K+16.7%	$148K
Goodwill	$6.3M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.7M+424.1%	$892K+13.5%	$786K+4.1%	$755K-36.3%	$1.2M+2.7%	$1.2M
Current Liabilities	$1.4M+60.8%	$892K+14.5%	$779K+9.0%	$715K-23.2%	$931K+18.6%	$785K
Long-Term Debt	N/A	N/A	N/A	N/A	$8K+3.4%	$8K
Total Equity	$16.0M+237.1%	$4.7M-26.7%	$6.5M+10.8%	$5.8M-9.8%	$6.5M+1586.4%	-$436K
Retained Earnings	-$38.6M-11.6%	-$34.6M-17.7%	-$29.4M-28.6%	-$22.8M-33.6%	-$17.1M-39.3%	-$12.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$16.4M-19.6%	$20.4M+85.1%	$11.0M+42.2%	$7.8M+5.3%	$7.4M+34.8%	$5.5M-6.1%	$5.8M-22.2%	$7.5M
Current Assets	$8.2M+36.7%	$6.0M-30.5%	$8.7M+72.6%	$5.0M+15.7%	$4.3M+25.6%	$3.5M+2.4%	$3.4M-38.3%	$5.5M
Cash & Equivalents	$4.3M+12.2%	$3.8M-36.6%	$6.0M+92.6%	$3.1M+15.2%	$2.7M+41.7%	$1.9M-30.1%	$2.7M-38.4%	$4.5M
Inventory	N/A	N/A	$16K0.0%	$16K+6.7%	$15K-28.6%	$21K-58.8%	$51K-52.1%	$106K
Accounts Receivable	$130K-3.0%	$134K+6600.0%	$2K-99.0%	$195K0.0%	$195K+42.3%	$137K-11.1%	$154K-2.4%	$158K
Goodwill	N/A	$6.3M	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.5M-24.3%	$4.7M+98.9%	$2.4M+6.8%	$2.2M-40.0%	$3.7M+311.1%	$892K+71.9%	$519K-67.5%	$1.6M
Current Liabilities	$1.7M+21.3%	$1.4M-30.3%	$2.1M+94.2%	$1.1M+8.6%	$976K+9.4%	$892K+72.4%	$517K-67.5%	$1.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$13.0M-19.0%	$16.0M+79.3%	$8.9M+54.9%	$5.8M+46.3%	$3.9M-17.0%	$4.7M-12.7%	$5.4M-8.9%	$6.0M
Retained Earnings	-$45.1M-17.1%	-$38.6M+3.2%	-$39.8M+1.1%	-$40.3M-12.6%	-$35.7M-3.5%	-$34.6M-4.1%	-$33.2M-7.3%	-$30.9M

NITO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.8M-11.4%	-$3.4M-5.7%	-$3.2M+36.6%	-$5.1M-23.9%	-$4.1M-415.0%	-$799K
Capital Expenditures	$14K	N/A	N/A	$52K-23.7%	$68K	N/A
Free Cash Flow	-$3.8M	N/A	N/A	-$5.1M-23.1%	-$4.2M	N/A
Investing Cash Flow	-$3.2M-71.1%	-$1.9M-24.4%	-$1.5M-2838.7%	-$52K+23.7%	-$68K-906.1%	-$7K
Financing Cash Flow	$8.9M+190.6%	$3.0M-12.3%	$3.5M-15.2%	$4.1M-61.8%	$10.7M+1345.9%	$742K
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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$1.4M+5.2%	-$1.5M-53.7%	-$974K-84.5%	-$528K+34.7%	-$809K-64.4%	-$492K+44.8%	-$891K+13.3%	-$1.0M
Capital Expenditures	$71K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	-$1.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$450K+66.3%	-$1.3M-389.0%	-$273K+39.2%	-$449K+61.8%	-$1.2M-127.9%	-$516K+57.4%	-$1.2M	N/A
Financing Cash Flow	$2.2M+189.3%	$759K-81.8%	$4.2M+196.9%	$1.4M-44.6%	$2.5M+467.7%	$446K+13.5%	$393K-81.9%	$2.2M
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	21.4%-57.5pp	79.0%+19.1pp	59.8%-9.2pp	69.0%-12.3pp	81.3%
Operating Margin	N/A	-1563.3%+1313.2pp	-2876.5%-1399.5pp	-1477.0%-403.5pp	-1073.5%-492.6pp	-580.9%
Net Margin	N/A	-2472.9%+2.8pp	-2475.7%-1018.9pp	-1456.7%-356.5pp	-1100.2%-414.3pp	-685.9%
Return on Equity	-25.0%+84.3pp	-109.3%-8.7pp	-100.6%-2.5pp	-98.2%-23.8pp	-74.4%	N/A
Return on Assets	-19.6%+75.4pp	-95.0%-5.0pp	-90.0%-1.6pp	-88.4%-25.0pp	-63.4%+168.2pp	-231.7%
Current Ratio	4.19+0.3	3.87-3.1	7.02-1.8	8.77+1.0	7.76+7.1	0.63
Debt-to-Equity	0.29+0.1	0.19+0.1	0.120.0	0.13+0.1	0.00+0.0	-0.02
FCF Margin	N/A	N/A	N/A	-1306.8%-352.5pp	-954.3%	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	0.0%	N/A	78.8%+17.4pp	61.4%+816.9pp	-755.6%-820.3pp	64.7%
Operating Margin	N/A	N/A	-66300.0%	N/A	-762.1%-690.1pp	-72.1%+15883.5pp	-15955.6%-10973.2pp	-4982.4%
Net Margin	N/A	N/A	21450.0%	N/A	-1807.6%-828.1pp	-979.5%+24176.0pp	-25155.6%-20526.2pp	-4629.4%
Return on Equity	-50.7%	N/A	4.8%+83.0pp	-78.2%-47.9pp	-30.3%-1.4pp	-28.9%+12.7pp	-41.6%-28.4pp	-13.2%
Return on Assets	-40.1%	N/A	3.9%+62.1pp	-58.2%-42.0pp	-16.2%+8.9pp	-25.1%+13.8pp	-38.9%-28.4pp	-10.5%
Current Ratio	4.73+0.5	4.19-0.0	4.21-0.5	4.73+0.3	4.44+0.6	3.87-2.6	6.52+3.1	3.43
Debt-to-Equity	0.27-0.0	0.29+0.0	0.26-0.1	0.38-0.5	0.93+0.7	0.19+0.1	0.10-0.2	0.27
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

Is N2OFF INC profitable?

No, N2OFF INC (NITO) reported a net income of -$4.0M in fiscal year 2025.

What is N2OFF INC's EBITDA?

N2OFF INC (NITO) had EBITDA of -$4.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is N2OFF INC's return on equity (ROE)?

N2OFF INC (NITO) has a return on equity of -25.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is N2OFF INC's free cash flow?

N2OFF INC (NITO) generated -$3.8M in free cash flow during fiscal year 2025. 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 N2OFF INC's operating cash flow?

N2OFF INC (NITO) generated -$3.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are N2OFF INC's total assets?

N2OFF INC (NITO) had $20.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are N2OFF INC's capital expenditures?

N2OFF INC (NITO) invested $14K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does N2OFF INC spend on research and development?

N2OFF INC (NITO) invested $179K in research and development during fiscal year 2025.

How many shares does N2OFF INC have outstanding?

N2OFF INC (NITO) had 396,386 shares outstanding as of fiscal year 2025.

What is N2OFF INC's current ratio?

N2OFF INC (NITO) had a current ratio of 4.19 as of fiscal year 2025, which is generally considered healthy.

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

N2OFF INC (NITO) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, 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 -19.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is N2OFF INC's cash runway?

Based on fiscal year 2025 data, N2OFF INC (NITO) had $3.8M in cash against an annual operating cash burn of $3.8M. This gives an estimated cash runway of approximately 12 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 to 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 0.95x, 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.

How financially healthy is N2OFF INC?

N2OFF INC (NITO) scores 30 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.