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).
Norris Industries remains a financing-dependent business because its revenue base is too small to absorb fixed costs and interest.
Across FY2023-FY2025, financing inflows of roughly$300K-400K a year closely matched operating cash burn of$288K-398K , so day-to-day operations have effectively been funded by fresh capital rather than internally generated cash. That dependence is reinforced by a current ratio of 0.9x in FY2025 and negative equity of-$4.9M .
The business did not simply suffer a one-year sales drop: revenue stayed nearly flat at about
Cash losses are smaller than accounting losses, with FY2025 operating cash flow at
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 Norris Inds 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.
Norris Inds Inc has an operating margin of -190.3%, meaning the company retains $-190 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -127.0% the prior year.
Norris Inds Inc's revenue declined 13.1% year-over-year, from $329K to $286K. This contraction results in a growth score of 22/100.
Norris Inds Inc has a moderate D/E ratio of -1.05. This balance of debt and equity financing earns a leverage score of 34/100.
Norris Inds Inc's current ratio of 0.30 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Norris Inds Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 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 36.3% from the prior year.
Norris Inds Inc reported -$661K in net income in fiscal year 2026. This represents a decrease of 17.8% 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 an increase 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 63.2 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 60.7 percentage points from the prior year.
Capital Allocation
NRIS Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54K-35.7% | $84K-9.0% | $93K+31.9% | $70K-14.0% | $82K+6.2% | $77K-23.2% | $100K+27.7% | $79K |
| 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 | $17K-78.7% | $79K-5.4% | $83K+41.6% | $59K+119.1% | $27K-14.4% | $31K-56.8% | $73K+52.4% | $48K |
| Operating Income | -$128K-4.0% | -$123K+12.0% | -$140K-50.5% | -$93K+12.8% | -$107K-28.1% | -$83K+38.3% | -$135K+16.8% | -$162K |
| Interest Expense | $30K+4.7% | $29K+4.9% | $27K+8.7% | $25K-49.4% | $50K+44.0% | $34K+1.7% | $34K+3.9% | $33K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$158K-4.1% | -$152K+9.3% | -$167K-41.6% | -$118K+24.4% | -$156K-32.8% | -$118K+30.3% | -$169K+13.3% | -$195K |
| EPS (Diluted) | $0.00 | $0.00+100.0% | $-0.00 | N/A | $0.00 | $0.00+100.0% | $-0.00 | N/A |
NRIS Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $336K+32.2% | $254K-20.0% | $318K-11.8% | $360K-15.1% | $425K+6.0% | $401K-12.2% | $456K-0.4% | $458K |
| Current Assets | $144K+160.8% | $55K-45.5% | $101K-10.1% | $113K+2.5% | $110K+29.2% | $85K-8.3% | $93K+30.4% | $71K |
| Cash & Equivalents | $89K+119.9% | $40K-53.9% | $87K+2.1% | $86K+8.4% | $79K+10.1% | $72K+4.1% | $69K+27.2% | $54K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $56K+270.5% | $15K+6.4% | $14K-48.2% | $27K-12.5% | $31K+131.4% | $13K-43.8% | $24K+40.7% | $17K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.7M+4.4% | $5.4M+1.7% | $5.3M+2.4% | $5.2M+1.0% | $5.2M-19.0% | $6.4M+1.0% | $6.3M+2.7% | $6.1M |
| Current Liabilities | $141K+9.0% | $130K-7.6% | $140K+11.2% | $126K+5.7% | $119K+16.8% | $102K-28.4% | $143K+18.0% | $121K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$5.3M-3.1% | -$5.2M-3.0% | -$5.0M-3.4% | -$4.9M-2.5% | -$4.7M+20.6% | -$6.0M-2.0% | -$5.9M-3.0% | -$5.7M |
| Retained Earnings | -$12.4M-1.3% | -$12.2M-1.3% | -$12.0M-1.4% | -$11.9M-1.0% | -$11.8M-1.3% | -$11.6M-1.0% | -$11.5M-1.5% | -$11.3M |
NRIS Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$152K-3.1% | -$147K-49.7% | -$98K-5.3% | -$93K-0.6% | -$93K+4.6% | -$97K-14.0% | -$85K-6.3% | -$80K |
| 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+100.0% | $100K0.0% | $100K0.0% | $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 | 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 | -236.3%-90.3pp | -146.0%+5.0pp | -151.0%-18.6pp | -132.4%-1.7pp | -130.6%-22.4pp | -108.3%+26.5pp | -134.8%+72.0pp | -206.7% |
| Net Margin | -291.7%-111.7pp | -180.0%+0.5pp | -180.4%-12.3pp | -168.1%+23.3pp | -191.4%-38.3pp | -153.1%+15.5pp | -168.6%+79.7pp | -248.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -47.1%+12.7pp | -59.8%-7.1pp | -52.7%-19.9pp | -32.8%+4.0pp | -36.9%-7.4pp | -29.4%+7.6pp | -37.1%+5.5pp | -42.6% |
| Current Ratio | 1.02+0.6 | 0.43-0.3 | 0.72-0.2 | 0.89-0.0 | 0.92+0.1 | 0.83+0.2 | 0.65+0.1 | 0.59 |
| Debt-to-Equity | -1.06-0.0 | -1.05+0.0 | -1.06+0.0 | -1.07+0.0 | -1.09-0.0 | -1.07+0.0 | -1.080.0 | -1.08 |
| 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 Piotroski F-Score?
Norris Inds Inc (NRIS) 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 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.
How financially healthy is Norris Inds Inc?
Norris Inds Inc (NRIS) scores 9 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.