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Nano Nuclear Energy Inc. Financials

NNE
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE September

This page shows Nano Nuclear Energy Inc. (NNE) 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 NNE FY2026

Shareholder funding, not operations, is the visible engine here, creating a cash-rich balance sheet for expanding development spend.

From FY2024 to FY2026, net loss widened from -$10.2M to -$40.1M, yet cash climbed from $28.5M to $203.3M because financing inflows in FY2026 alone reached $211.9M. The non-obvious read is that reported losses and near-term liquidity moved in opposite directions: the company became less constrained financially even while the income statement deteriorated.

Spending growth is concentrated in people and program costs, not heavy fixed assets: SG&A plus R&D rose from $10.6M in FY2024 to $45.0M in FY2026, while FY2026 capital expenditures were $8.4M. That operating profile looks more like a company building capabilities than one already dependent on large physical infrastructure.

Cash burn is meaningful but still modest relative to the balance sheet: FY2026 operating cash outflow was -$19.6M and free cash outflow was -$28.1M, against total liabilities of only $6.1M. With shares outstanding rising from 30.7M to 41.7M over the same period, the business is being financed mainly by new investor capital rather than creditors.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Nano Nuclear Energy Inc.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial
3/6

Nano Nuclear Energy Inc. 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 Low Quality
0.49x

For every $1 of reported earnings, Nano Nuclear Energy Inc. generates $0.49 in operating cash flow (-$19.6M OCF vs -$40.1M 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
N/A
Net Income
-$40.1M
YoY-294.7%

Nano Nuclear Energy Inc. reported -$40.1M in net income in fiscal year 2026. This represents a decrease of 294.7% from the prior year.

EPS (Diluted)
$-1.06
YoY-171.8%

Nano Nuclear Energy Inc. earned $-1.06 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 171.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$28.1M
YoY-176.2%

Nano Nuclear Energy Inc. generated -$28.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 176.2% from the prior year.

Cash & Debt
$203.3M
YoY+613.0%

Nano Nuclear Energy Inc. held $203.3M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
42M
YoY+35.9%

Nano Nuclear Energy Inc. had 42M shares outstanding in fiscal year 2026. This represents an increase of 35.9% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
-18.0%
YoY+14.1pp

Nano Nuclear Energy Inc.'s ROE was -18.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 14.1 percentage points from the prior year.

Capital Allocation

R&D Spending
$15.4M
YoY+314.6%

Nano Nuclear Energy Inc. invested $15.4M in research and development in fiscal year 2026. This represents an increase of 314.6% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$8.4M
YoY+397.0%

Nano Nuclear Energy Inc. invested $8.4M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 397.0% from the prior year.

NNE Income Statement

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 $5.7M+4.8% $5.4M N/A $3.7M-45.4% $6.7M+641.8% $905K N/A $2.0M
SG&A Expenses $8.6M+24.7% $6.9M N/A $5.3M-66.1% $15.7M+529.3% $2.5M N/A $2.3M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A 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 -$9.2M-40.9% -$6.5M N/A -$7.6M+64.4% -$21.3M-584.4% -$3.1M N/A -$4.7M
EPS (Diluted) $-0.18-38.5% $-0.13 N/A $-0.19+66.7% $-0.57-533.3% $-0.09 N/A $-0.17

NNE Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $603.9M-0.4% $606.1M+165.1% $228.7M-1.2% $231.5M+66.8% $138.8M+3.5% $134.1M+282.2% $35.1M+113.6% $16.4M
Current Assets $571.7M-1.6% $580.8M+183.8% $204.7M-3.6% $212.2M+77.6% $119.5M-7.0% $128.5M+337.8% $29.3M+104.9% $14.3M
Cash & Equivalents $197.7M-65.8% $577.5M+184.1% $203.3M-3.3% $210.2M+77.3% $118.6M-3.8% $123.3M+332.4% $28.5M N/A
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $250K N/A $250K 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 $8.0M+23.9% $6.5M+6.4% $6.1M+16.6% $5.2M-23.1% $6.8M+66.2% $4.1M+17.1% $3.5M+1.9% $3.4M
Current Liabilities $6.0M+37.9% $4.3M+13.2% $3.8M+31.6% $2.9M-33.8% $4.4M+74.5% $2.5M+36.9% $1.8M+1.8% $1.8M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $595.9M-0.6% $599.6M+169.4% $222.6M-1.7% $226.3M+71.4% $132.0M+1.5% $130.1M+311.5% $31.6M+143.1% $13.0M
Retained Earnings -$73.2M-14.3% -$64.0M-11.3% -$57.5M-16.3% -$49.5M-18.1% -$41.9M-103.7% -$20.5M-17.9% -$17.4M-16.7% -$14.9M

NNE Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$5.3M-31.9% -$4.0M+18.7% -$4.9M+46.0% -$9.1M-282.3% -$2.4M+26.6% -$3.2M-29.2% -$2.5M+1.3% -$2.5M
Capital Expenditures $8.8M N/A $4.6M+2546.4% $176K N/A N/A N/A N/A
Free Cash Flow -$14.0M N/A -$9.6M-3.1% -$9.3M N/A N/A N/A N/A
Investing Cash Flow -$377.4M-12240.0% -$3.1M+34.2% -$4.6M-2546.4% -$176K+98.1% -$9.1M-156.8% -$3.6M N/A N/A
Financing Cash Flow $2.9M-99.3% $381.3M+14349.8% $2.6M-97.4% $100.9M+1383.4% $6.8M-93.3% $101.6M+385.3% $20.9M+101.6% $10.4M
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

NNE Financial Ratios

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 -1.5%-0.5pp -1.1% N/A -3.4%+12.8pp -16.1%-13.7pp -2.4% N/A -35.9%
Return on Assets -1.5%-0.4pp -1.1% N/A -3.3%+12.1pp -15.3%-13.0pp -2.3% N/A -28.4%
Current Ratio 95.72-38.3 134.06+80.6 53.48-19.5 73.00+45.8 27.20-23.8 51.04+35.1 15.96+8.0 7.93
Debt-to-Equity 0.010.0 0.01-0.0 0.030.0 0.02-0.0 0.05+0.0 0.03-0.1 0.11-0.2 0.26
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

No, Nano Nuclear Energy Inc. (NNE) reported a net income of -$40.1M in fiscal year 2026.

Nano Nuclear Energy Inc. (NNE) reported diluted earnings per share of $-1.06 for fiscal year 2026. This represents a -171.8% 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.

Nano Nuclear Energy Inc. (NNE) has a return on equity of -18.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Nano Nuclear Energy Inc. (NNE) generated -$28.1M in free cash flow during fiscal year 2026. This represents a -176.2% change compared to the previous fiscal year. 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.

Nano Nuclear Energy Inc. (NNE) generated -$19.6M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Nano Nuclear Energy Inc. (NNE) had $228.7M in total assets as of fiscal year 2026, including both current and long-term assets.

Nano Nuclear Energy Inc. (NNE) invested $8.4M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Nano Nuclear Energy Inc. (NNE) invested $15.4M in research and development during fiscal year 2026.

Nano Nuclear Energy Inc. (NNE) had 42M shares outstanding as of fiscal year 2026.

Nano Nuclear Energy Inc. (NNE) had a current ratio of 53.48 as of fiscal year 2026, which is generally considered healthy.

Nano Nuclear Energy Inc. (NNE) had a debt-to-equity ratio of 0.03 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Nano Nuclear Energy Inc. (NNE) had a return on assets of -17.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2026 data, Nano Nuclear Energy Inc. (NNE) had $203.3M in cash against an annual operating cash burn of $19.6M. This gives an estimated cash runway of approximately 124 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.

Nano Nuclear Energy Inc. (NNE) 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.

Nano Nuclear Energy Inc. (NNE) has an earnings quality ratio of 0.49x, 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.

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