Norris Inds Inc Financials
This page shows Norris Inds Inc (NRIS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
Tiny revenue is supporting a much larger operating structure, leaving Norris dependent on recurring external financing to keep operating.
Even with repeated financing inflows, cash still shrank to$45K and the current ratio fell to 0.3x in FY2026, which means new capital has been acting more like a refill for operating cash burn than a builder of liquidity. Because net losses were larger than revenue in each of the last three years, this looks less like a one-year setback and more like a business operating below the scale needed to carry its cost base.
The business is not showing the usual sign of scale benefits: the operating margin deepened to
The balance sheet is being carried with negative equity and liabilities at roughly 20x assets, so book capital has long been exhausted and the company is being sustained by claimholders outside common equity. The share count rose to 108.2M from 90.9M over the period, indicating part of that support has come through dilution rather than internally generated cash.
Financial Health Signals
We are recalculating Norris Inds 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.
Norris Inds Inc scores -75.03, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($14.2M) relative to total liabilities ($5.1M). 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.
Norris Inds Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Norris Inds Inc generates $0.67 in operating cash flow (-$440K OCF vs -$661K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Norris Inds Inc earns $-4.6 in operating income for every $1 of interest expense (-$544K vs $117K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Norris Inds Inc generated $286K in revenue in fiscal year 2026. This represents a decrease of 13.1% from the prior year.
Norris Inds Inc's EBITDA was -$496K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 33.4% from the prior year.
Norris Inds Inc reported -$661K in net income in fiscal year 2026. This represents a decrease of 10.0% from the prior year.
Norris Inds Inc earned $-0.01 per diluted share (EPS) in fiscal year 2026. This represents an increase of 0.0% from the prior year.
Cash & Balance Sheet
Norris Inds Inc held $45K in cash against $0 in long-term debt as of fiscal year 2026.
Norris Inds Inc had 108M shares outstanding in fiscal year 2026. This represents a decrease of 0.0% from the prior year.
Margins & Returns
Norris Inds Inc's operating margin was -190.3% in fiscal year 2026, reflecting core business profitability. This is down 51.2 percentage points from the prior year.
Norris Inds Inc's net profit margin was -231.2% in fiscal year 2026, showing the share of revenue converted to profit. This is down 48.7 percentage points from the prior year.
Capital Allocation
NRIS Income Statement
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $90K+65.2% | $55K+0.9% | $54K-35.7% | $84K-9.0% | $93K+31.9% | $70K-14.0% | $82K+6.2% | $77K |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $149K+540.0% | -$34K-301.3% | $17K-78.7% | $79K-5.4% | $83K+41.6% | $59K+119.1% | $27K-14.4% | $31K |
| Operating Income | -$209K-36.8% | -$153K-19.3% | -$128K-4.0% | -$123K+12.0% | -$140K-5.6% | -$133K-24.1% | -$107K-28.1% | -$83K |
| Interest Expense | $33K+6.7% | $31K+3.4% | $30K+4.7% | $29K+4.9% | $27K+8.7% | $25K-49.4% | $50K+44.0% | $34K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$242K-31.7% | -$184K-16.3% | -$158K-4.1% | -$152K+9.3% | -$167K-6.1% | -$158K-0.8% | -$156K-32.8% | -$118K |
| EPS (Diluted) | $0.00 | N/A | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00 |
NRIS Balance Sheet
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $126K-50.0% | $252K-24.8% | $336K+32.2% | $254K-20.0% | $318K-8.8% | $348K-17.9% | $425K+6.0% | $401K |
| Current Assets | $61K-11.2% | $69K-52.1% | $144K+160.8% | $55K-45.5% | $101K-10.1% | $113K+2.5% | $110K+29.2% | $85K |
| Cash & Equivalents | $34K-25.4% | $45K-48.8% | $89K+119.9% | $40K-53.9% | $87K+2.1% | $86K+8.4% | $79K+10.1% | $72K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $28K+15.7% | $24K-57.2% | $56K+270.5% | $15K+6.4% | $14K-48.2% | $27K-12.5% | $31K+131.4% | $13K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.2M+2.3% | $5.1M-10.0% | $5.7M+4.4% | $5.4M+1.7% | $5.3M+2.6% | $5.2M+0.8% | $5.2M-19.0% | $6.4M |
| Current Liabilities | $228K-0.3% | $228K+61.3% | $141K+9.0% | $130K-7.6% | $140K-9.3% | $155K+29.6% | $119K+16.8% | $102K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$5.1M-5.0% | -$4.8M+9.1% | -$5.3M-3.1% | -$5.2M-3.0% | -$5.0M-3.4% | -$4.9M-2.5% | -$4.7M+20.6% | -$6.0M |
| Retained Earnings | -$12.9M-1.9% | -$12.6M-2.1% | -$12.4M-1.3% | -$12.2M-1.3% | -$12.0M-0.7% | -$12.0M-1.7% | -$11.8M-1.3% | -$11.6M |
NRIS Cash Flow Statement
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$212K-388.3% | -$43K+71.4% | -$152K-3.1% | -$147K-49.7% | -$98K-5.3% | -$93K-0.6% | -$93K+4.6% | -$97K |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $200K | $0-100.0% | $200K+100.0% | $100K0.0% | $100K0.0% | $100K0.0% | $100K0.0% | $100K |
| 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 |
NRIS Financial Ratios
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -231.5%+48.0pp | -279.5%-43.2pp | -236.3%-90.3pp | -146.0%+5.0pp | -151.0%+37.6pp | -188.5%-57.9pp | -130.6%-22.4pp | -108.3% |
| Net Margin | -268.2%+68.1pp | -336.3%-44.6pp | -291.7%-111.7pp | -180.0%+0.5pp | -180.4%+43.8pp | -224.3%-32.9pp | -191.4%-38.3pp | -153.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -191.9%-119.1pp | -72.9%-25.8pp | -47.1%+12.7pp | -59.8%-7.1pp | -52.7%-7.4pp | -45.3%-8.4pp | -36.9%-7.4pp | -29.4% |
| Current Ratio | 0.27-0.0 | 0.30-0.7 | 1.02+0.6 | 0.43-0.3 | 0.720.0 | 0.73-0.2 | 0.92+0.1 | 0.83 |
| Debt-to-Equity | -1.02+0.0 | -1.05+0.0 | -1.06-0.0 | -1.05+0.0 | -1.060.0 | -1.07+0.0 | -1.09-0.0 | -1.07 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$4.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.30), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Norris Inds Inc's annual revenue?
Norris Inds Inc (NRIS) reported $286K in total revenue for fiscal year 2026. This represents a -13.1% 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 Norris Inds Inc's revenue growing?
Norris Inds Inc (NRIS) revenue declined by 13.1% year-over-year, from $329K to $286K in fiscal year 2026.
Is Norris Inds Inc profitable?
No, Norris Inds Inc (NRIS) reported a net income of -$661K in fiscal year 2026, with a net profit margin of -231.2%.
What is Norris Inds Inc's EBITDA?
Norris Inds Inc (NRIS) had EBITDA of -$496K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Norris Inds Inc's operating margin?
Norris Inds Inc (NRIS) had an operating margin of -190.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Norris Inds Inc's net profit margin?
Norris Inds Inc (NRIS) had a net profit margin of -231.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Norris Inds Inc's operating cash flow?
Norris Inds Inc (NRIS) generated -$440K in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Norris Inds Inc's total assets?
Norris Inds Inc (NRIS) had $252K in total assets as of fiscal year 2026, including both current and long-term assets.
What is Norris Inds Inc's current ratio?
Norris Inds Inc (NRIS) had a current ratio of 0.30 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Norris Inds Inc's debt-to-equity ratio?
Norris Inds Inc (NRIS) had a debt-to-equity ratio of -1.05 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Norris Inds Inc's return on assets (ROA)?
Norris Inds Inc (NRIS) had a return on assets of -262.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Norris Inds Inc's cash runway?
Based on fiscal year 2026 data, Norris Inds Inc (NRIS) had $45K in cash against an annual operating cash burn of $440K. This gives an estimated cash runway of approximately 1 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.
Why is Norris Inds Inc's debt-to-equity ratio negative or unusual?
Norris Inds Inc (NRIS) has negative shareholder equity of -$4.8M as of fiscal year 2026, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Norris Inds Inc's Altman Z-Score?
Norris Inds Inc (NRIS) has an Altman Z-Score of -75.03, 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 Norris Inds Inc's Piotroski F-Score?
Norris Inds Inc (NRIS) has a Piotroski F-Score of 3 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 Norris Inds Inc's earnings high quality?
Norris Inds Inc (NRIS) has an earnings quality ratio of 0.67x, 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 Norris Inds Inc cover its interest payments?
Norris Inds Inc (NRIS) has an interest coverage ratio of -4.6x, 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.