This page shows Nordicus Partner (NORD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Balance-sheet growth outran liquidity, leaving this development-stage company larger on paper but tighter on near-term cash.
From FY2024 to FY2025, total assets jumped from$1.8M to$70.2M . Yet cash and current coverage weakened at the same time, with cash slipping to$20K and the current ratio collapsing to 0.05x, which means the larger balance sheet did not improve day-to-day funding capacity for bills that must be paid in cash.
With only
Despite low reported leverage at 0.2x and
Financial Health Signals
We are recalculating Nordicus Partner'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.
Nordicus Partner scores 1.64, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($47.2M) relative to total liabilities ($10.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Nordicus Partner passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Nordicus Partner generates $0.44 in operating cash flow (-$1.3M OCF vs -$2.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Nordicus Partner earns $-14596.8 in operating income for every $1 of interest expense (-$2.9M vs $200). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Nordicus Partner generated $5K in revenue in fiscal year 2025. This represents an increase of 100.0% from the prior year.
Nordicus Partner reported -$2.9M in net income in fiscal year 2025. This represents a decrease of 872.9% from the prior year.
Cash & Balance Sheet
Nordicus Partner held $20K in cash against $0 in long-term debt as of fiscal year 2025.
Nordicus Partner had 17M shares outstanding in fiscal year 2025.
Margins & Returns
Nordicus Partner's operating margin was -58387.3% in fiscal year 2025, reflecting core business profitability. This is down 46083.8 percentage points from the prior year.
Nordicus Partner's net profit margin was -58026.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 46098.3 percentage points from the prior year.
Nordicus Partner's ROE was -4.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 11.9 percentage points from the prior year.
Capital Allocation
Nordicus Partner invested $1.3M in research and development in fiscal year 2025.
NORD Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | $3K0.0% | $3K | 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 | $445K-2.0% | $455K+7.3% | $424K | N/A | $418K+21.7% | $343K | N/A | N/A |
| SG&A Expenses | $296K-15.2% | $349K+436.0% | $65K | N/A | $115K+61.7% | $71K+116.0% | $33K | N/A |
| Operating Income | -$1.1M+7.4% | -$1.2M-45.6% | -$832K | N/A | -$1.3M-149.4% | -$507K-96.5% | -$258K | N/A |
| Interest Expense | $189+4825.0% | -$4 | N/A | N/A | $10.0% | $1 | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.2M+18.8% | -$1.5M-25.2% | -$1.2M | N/A | -$1.5M-206.7% | -$501K-94.0% | -$258K | N/A |
| EPS (Diluted) | $-0.07+12.5% | $-0.08-14.3% | $-0.07 | N/A | $-0.13-30.0% | $-0.10-25.0% | $-0.08 | N/A |
NORD Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $75.9M0.0% | $75.9M-0.3% | $76.1M+8.4% | $70.2M+17.6% | $59.7M+187.3% | $20.8M-0.1% | $20.8M+1050.8% | $1.8M |
| Current Assets | $644K+33.0% | $484K+200.0% | $161K+180.5% | $58K-26.0% | $78K-34.3% | $118K+47.4% | $80K+60.9% | $50K |
| Cash & Equivalents | $189K-21.8% | $242K+2776.6% | $8K-57.7% | $20K-28.9% | $28K-39.3% | $46K+72.6% | $27K-46.5% | $50K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $27.7M0.0% | $27.7M-0.3% | $27.8M+9.0% | $25.5M-55.6% | $57.4M+208.0% | $18.6M0.0% | $18.6M | N/A |
| Total Liabilities | $11.1M-1.0% | $11.2M-5.5% | $11.9M+14.3% | $10.4M+1067.9% | $889K+481.5% | $153K+134.6% | $65K+146.8% | $26K |
| Current Liabilities | $902K-10.4% | $1.0M-37.8% | $1.6M+52.4% | $1.1M+19.6% | $889K+481.5% | $153K+134.6% | $65K+146.8% | $26K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $64.8M+0.2% | $64.7M+0.6% | $64.3M+7.3% | $59.9M+1.8% | $58.8M+199.0% | $19.7M-0.5% | $19.8M+1010.8% | $1.8M |
| Retained Earnings | -$50.7M-2.5% | -$49.5M-3.1% | -$48.0M-2.6% | -$46.8M-1.3% | -$46.2M-3.4% | -$44.6M-1.1% | -$44.1M-0.6% | -$43.9M |
NORD Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5M+17.1% | -$1.8M-314.1% | -$426K-10.5% | -$385K-28.5% | -$300K+21.6% | -$382K-75.7% | -$218K-101.6% | -$108K |
| Capital Expenditures | $9K | 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 | -$1K | N/A | N/A | -$8K-134.9% | $24K+1109.9% | -$2K-101.8% | $135K | N/A |
| Financing Cash Flow | $1.4M-29.9% | $2.0M+390.1% | $410K+30.8% | $313K-1.8% | $319K-17.6% | $387K+545.5% | $60K-47.5% | $114K |
| 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 |
NORD Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | -50612.4%-30316.6pp | -20295.8% | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | -61438.5%-41407.1pp | -20031.4% | N/A | N/A |
| Return on Equity | -1.9%+0.5pp | -2.3%-0.5pp | -1.9% | N/A | -2.6%-0.1pp | -2.5%-1.2pp | -1.3% | N/A |
| Return on Assets | -1.6%+0.4pp | -2.0%-0.4pp | -1.6% | N/A | -2.6%-0.2pp | -2.4%-1.2pp | -1.2% | N/A |
| Current Ratio | 0.71+0.2 | 0.48+0.4 | 0.10+0.0 | 0.05-0.0 | 0.09-0.7 | 0.78-0.5 | 1.23-0.7 | 1.89 |
| Debt-to-Equity | 0.170.0 | 0.17-0.0 | 0.18+0.0 | 0.17+0.2 | 0.020.0 | 0.010.0 | 0.00-0.0 | 0.01 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Nordicus Partner's annual revenue?
Nordicus Partner (NORD) reported $5K in total revenue for fiscal year 2025. This represents a 100.0% 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 Nordicus Partner's revenue growing?
Nordicus Partner (NORD) revenue grew by 100% year-over-year, from $3K to $5K in fiscal year 2025.
Is Nordicus Partner profitable?
No, Nordicus Partner (NORD) reported a net income of -$2.9M in fiscal year 2025, with a net profit margin of -58026.4%.
What is Nordicus Partner's operating margin?
Nordicus Partner (NORD) had an operating margin of -58387.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Nordicus Partner's net profit margin?
Nordicus Partner (NORD) had a net profit margin of -58026.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Nordicus Partner's return on equity (ROE)?
Nordicus Partner (NORD) has a return on equity of -4.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Nordicus Partner's operating cash flow?
Nordicus Partner (NORD) generated -$1.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Nordicus Partner's total assets?
Nordicus Partner (NORD) had $70.2M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Nordicus Partner spend on research and development?
Nordicus Partner (NORD) invested $1.3M in research and development during fiscal year 2025.
What is Nordicus Partner's current ratio?
Nordicus Partner (NORD) had a current ratio of 0.05 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Nordicus Partner's debt-to-equity ratio?
Nordicus Partner (NORD) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nordicus Partner's return on assets (ROA)?
Nordicus Partner (NORD) had a return on assets of -4.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nordicus Partner's cash runway?
Based on fiscal year 2025 data, Nordicus Partner (NORD) had $20K in cash against an annual operating cash burn of $1.3M. This gives an estimated cash runway of approximately 0 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 Nordicus Partner's Altman Z-Score?
Nordicus Partner (NORD) has an Altman Z-Score of 1.64, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Nordicus Partner's Piotroski F-Score?
Nordicus Partner (NORD) has a Piotroski F-Score of 2 out of 7 computable signals; 2 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 Nordicus Partner's earnings high quality?
Nordicus Partner (NORD) has an earnings quality ratio of 0.44x, 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 Nordicus Partner cover its interest payments?
Nordicus Partner (NORD) has an interest coverage ratio of -14596.8x, 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.