Nano Nuclear Energy Inc. Financials
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).
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
Cash burn is meaningful but still modest relative to the balance sheet: FY2026 operating cash outflow was
Financial Health Signals
Based on FY2026 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 Nano Nuclear Energy 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.
Nano Nuclear Energy Inc. carries a low D/E ratio of 0.03, meaning only $0.03 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.
With a current ratio of 53.48, Nano Nuclear Energy Inc. holds $53.48 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Nano Nuclear Energy Inc. generates a -18.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -32.1% the prior year.
Nano Nuclear Energy Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
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
Earnings & Revenue
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.
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
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.
Nano Nuclear Energy Inc. held $203.3M in cash against $0 in long-term debt as of fiscal year 2026.
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
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
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.
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
Is Nano Nuclear Energy Inc. profitable?
No, Nano Nuclear Energy Inc. (NNE) reported a net income of -$40.1M in fiscal year 2026.
What is Nano Nuclear Energy Inc.'s return on equity (ROE)?
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.
What is Nano Nuclear Energy Inc.'s free cash flow?
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.
What is Nano Nuclear Energy Inc.'s operating cash flow?
Nano Nuclear Energy Inc. (NNE) generated -$19.6M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Nano Nuclear Energy Inc.'s total assets?
Nano Nuclear Energy Inc. (NNE) had $228.7M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Nano Nuclear Energy Inc.'s capital expenditures?
Nano Nuclear Energy Inc. (NNE) invested $8.4M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Nano Nuclear Energy Inc. spend on research and development?
Nano Nuclear Energy Inc. (NNE) invested $15.4M in research and development during fiscal year 2026.
What is Nano Nuclear Energy Inc.'s current ratio?
Nano Nuclear Energy Inc. (NNE) had a current ratio of 53.48 as of fiscal year 2026, which is generally considered healthy.
What is Nano Nuclear Energy Inc.'s debt-to-equity ratio?
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.
What is Nano Nuclear Energy Inc.'s return on assets (ROA)?
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.
What is Nano Nuclear Energy Inc.'s cash runway?
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.
What is Nano Nuclear Energy Inc.'s Piotroski F-Score?
Nano Nuclear Energy Inc. (NNE) 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 Nano Nuclear Energy Inc.'s earnings high quality?
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.
How financially healthy is Nano Nuclear Energy Inc.?
Nano Nuclear Energy Inc. (NNE) scores 33 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.