Norris Industries (NRIS) Financials
Newest figures come from the 10-Q for Q2 FY2027, filed Oct 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NRIS SEC filings page.
Norris Industries Inc (NRIS) reported $284K in revenue over the twelve months to Aug 31, 2026, down 13.6% from the prior twelve months. This page shows its 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).
The business has shrinking revenue, deepening losses, and a balance sheet increasingly dependent on financing to fund operations.
Operating cash flow of-$440K was less negative than the net loss of$661K , suggesting noncash charges reduced the cash impact but did not make operations self-funding. A financing inflow of$400K nearly matched that operating outflow, while reported liquidity equaled only 1.2 months of FY2026 operating outflow.
Revenue fell
Liabilities equaled
Financial Health Signals
We do not publish a peer-relative financial health score for Norris Industries Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Norris Industries Inc scores -75.03, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $12.6M against total assets of $252K. 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 Industries 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, the one computable operating efficiency signal (asset turnover improving) passes.
Norris Industries Inc reported a net loss of $661K while operations used $440K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Norris Industries Inc reported an operating loss of $544K against $117K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Norris Industries Inc generated $85K in revenue in Q2 2027. This represents an increase of 0.7% from the same quarter a year earlier. Against the prior quarter it is down 5.9%.
Norris Industries Inc's EBITDA was -$117K in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Norris Industries Inc reported a net loss of $161K in Q2 2027. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Norris Industries Inc earned $0.00 per diluted share (EPS) in Q2 2027. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Norris Industries Inc held $135K in cash as of Q2 2027; no long-term debt figure is on record for that period.
Not reported for Q2 2027.
Not reported for Q2 2027.
Margins & Returns
Not reported for Q2 2027.
Not shown for Q2 2027: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2027: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2027.
Capital Allocation
None of these metrics is reported for Q2 2027.
NRIS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $85K+0.7% | $90K-2.6% | $55K-22.2% | $54K-33.7% | $84K+9.6% | $93K-7.5% | $70K-10.5% | $82K-6.2% |
| SG&A Expenses | $67K-14.9% | $149K+78.9% | N/A | $17K-37.3% | $79K+151.5% | $83K+14.8% | $59K+23.5% | $27K-16.0% |
| Operating Income | -$126Kn/m | -$209Kn/m | -$153Kn/m | -$128Kn/m | -$123Kn/m | -$140Kn/m | -$93Kn/m | -$107Kn/m |
| EBITDA | -$117Kn/m | -$207Kn/m | -$133Kn/m | -$123Kn/m | -$114Kn/m | -$125Kn/m | -$112Kn/m | -$92Kn/m |
| Interest Expense | $35K+22.9% | $33K+21.2% | $31K+23.5% | $30K-39.5% | $29K-16.8% | $27K-19.3% | $25K-22.9% | $50K+55.6% |
| Net Income | -$161Kn/m | -$242Kn/m | -$184Kn/m | -$158Kn/m | -$152Kn/m | -$167Kn/m | -$118Kn/m | -$156Kn/m |
| EPS (Basic) | $0.00n/m | $0.00n/m | -$0.01 | $0.00n/m | $0.00n/m | $0.00n/m | -$0.01n/m | $0.00n/m |
| EPS (Diluted) | $0.00n/m | $0.00n/m | -$0.01 | $0.00n/m | $0.00n/m | $0.00n/m | -$0.01n/m | $0.00n/m |
| Diluted Shares (Avg) | 108M0.0% | 108M0.0% | N/A | 108M+16.4% | 108M+19.1% | 108M+19.1% | N/A | 93M+2.3% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
NRIS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $224K-12.0% | $126K-60.3% | $252K-27.5% | $336K-20.9% | $254K-36.6% | $318K-30.3% | $348K-23.9% | $425K+112.3% |
| Current Assets | $161K+191.1% | $61K-39.5% | $69K-38.7% | $144K+31.1% | $55K-35.0% | $101K+9.3% | $113K+58.4% | $110K+91.5% |
| Cash & Equivalents | $135K+234.4% | $34K-61.2% | $45K-47.0% | $89K+12.3% | $40K-43.8% | $87K+26.8% | $86K+57.9% | $79K+129.3% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $26K+74.9% | $28K+95.2% | $24K-12.6% | $56K+78.7% | $15K+11.6% | $14K-41.1% | $27K+60.0% | $31K+35.1% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $5.5M-0.6% | $5.2M-3.8% | $5.1M-3.5% | $5.7M+9.8% | $5.5M-13.5% | $5.4M-14.1% | $5.3M-14.5% | $5.2M+4.5% |
| Current Liabilities | $244K+87.7% | $228K+61.9% | $228K+47.4% | $141K+18.4% | $130K+26.9% | $140K-1.7% | $155K+27.9% | $119K-0.1% |
| Non-Current Liabilities | $5.2M-2.8% | $5.0M-5.5% | $4.9M-5.0% | $5.5M+9.6% | $5.4M-14.2% | $5.3M-14.3% | $5.1M-15.4% | $5.0M+4.6% |
| Total Equity | -$5.3Mn/m | -$5.1Mn/m | -$4.8Mn/m | -$5.3Mn/m | -$5.3Mn/m | -$5.1Mn/m | -$4.9Mn/m | -$4.7Mn/m |
| Retained Earnings | -$13.0Mn/m | -$12.9Mn/m | -$12.6Mn/m | -$12.4Mn/m | -$12.2Mn/m | -$12.0Mn/m | -$12.0Mn/m | -$11.8Mn/m |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
NRIS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$99Kn/m | -$212Kn/m | -$43Kn/m | -$152Kn/m | -$147Kn/m | -$98Kn/m | -$93Kn/m | -$93Kn/m |
| Depreciation & Amortization | $10K+5.5% | $2K-85.8% | $20K-5.5% | $5K-62.3% | $9K-44.5% | $15K-58.3% | $21K-72.3% | $14K+6.4% |
| Financing Cash Flow | $200K+100.0% | $200K+100.0% | $0-100.0% | $200K+100.0% | $100K0.0% | $100K0.0% | $100K0.0% | $100Kn/m |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
NRIS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -148.3% | -231.5% | -279.5% | -236.3% | -146.0% | -151.0% | -132.4% | -130.6% |
| Net Margin | -189.8% | -268.2% | -336.3% | -291.7% | -180.0% | -180.4% | -168.1% | -191.4% |
| Return on Assets | -72.1%-12.3pp | -191.9%-139.3pp | -72.9%-38.9pp | -47.1%-10.2pp | -59.8%-30.3pp | -52.7%-15.6pp | -33.9%+8.7pp | -36.9%+34.7pp |
| Current Ratio | 0.66+0.2x | 0.27-0.5x | 0.30-0.4x | 1.02+0.1x | 0.43-0.4x | 0.72+0.1x | 0.73+0.1x | 0.92+0.4x |
| Asset Turnover | 0.380.0x | 0.72+0.4x | 0.220.0x | 0.160.0x | 0.33+0.1x | 0.29+0.1x | 0.200.0x | 0.19-0.2x |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$4.8M), which causes the debt-to-equity, liabilities-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.
Where Norris Industries Inc Ranks
Frequently Asked Questions
Norris Industries 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.
Norris Industries Inc (NRIS) revenue declined by 13.1% year-over-year, from $329K to $286K in fiscal year 2026.
No, Norris Industries Inc (NRIS) reported a net loss of $746K over the trailing 12 months to August 31, 2026. In fiscal year 2026 it reported a net loss of $661K.
Norris Industries Inc (NRIS) had EBITDA of -$496K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
Norris Industries Inc (NRIS) recorded an outflow of $440K in operating cash flow during fiscal year 2026, representing cash used by core business activities.
Norris Industries Inc (NRIS) had $252K in total assets as of fiscal year 2026, including both current and long-term assets.
Norris Industries 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.
Norris Industries 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.
At the end of fiscal year 2026, Norris Industries Inc (NRIS) held $45K in cash, cash equivalents and investments, and reported an operating cash outflow of $440K over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Norris Industries Inc (NRIS) has negative shareholder equity of -$4.8M as of fiscal year 2026, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
Norris Industries 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.
Norris Industries 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.
Norris Industries Inc (NRIS) reported a net loss of $661K while operations used $440K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Norris Industries Inc (NRIS) reported an operating loss of $544K against $117K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.