NEXTSOURCE MATERIALS (NSRCF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for FY2022, filed Jul 24, 2023. Each column of the statement tables below links to the filing it was taken from.
NEXTSOURCE MATERIALS INC (NSRCF) reported $0 in revenue for fiscal year 2022. This page shows its 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.
Financial Health Signals
NEXTSOURCE MATERIALS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
NEXTSOURCE MATERIALS INC 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), the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, NEXTSOURCE MATERIALS INC used $0.10 of operating cash (-$1.6M OCF vs $16.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
NEXTSOURCE MATERIALS INC generated $0 in revenue in fiscal year 2022. The change from the prior year is not meaningful, because that figure was zero or negative.
NEXTSOURCE MATERIALS INC reported $16.1M in net income in fiscal year 2022. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2022.
Not reported for fiscal year 2022.
Cash & Balance Sheet
NEXTSOURCE MATERIALS INC held $9.8M in cash as of fiscal year 2022; no long-term debt figure is on record for that period.
Not reported for fiscal year 2022.
Not reported for fiscal year 2022.
Margins & Returns
None of these metrics is reported for fiscal year 2022.
Capital Allocation
None of these metrics is reported for fiscal year 2022.
NSRCF 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 | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY17Filing | FY16Filing | FY15Filing | FY14Filing | FY13Filing | FY12Filing | FY11Filing | FY10Filing | FY09Filing | FY08Filing | FY07Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0n/m | $0n/m | $0n/m | $0 | $0n/m | $0n/m | $0 | N/A | N/A | $0n/m | $0 | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | $459K+64.4% | $279K-67.7% | $863K-36.4% | $1.4M+0.7% | $1.3M-9.3% | $1.5M-3.6% | $1.5M | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | -$4.0Mn/m | -$2.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBITDA | N/A | N/A | N/A | N/A | -$4.0Mn/m | -$2.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $32-88.3% | $273-87.0% | $2Kn/m | $0 | N/A | $11Kn/m | $0 | 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 | $0n/m | $0n/m | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $16.1Mn/m | -$42.0Mn/m | -$978Kn/m | -$3.2M | -$4.0Mn/m | -$1.6M | N/A | N/A | N/A | -$15.2Mn/m | -$4.9Mn/m | -$10.7Mn/m | -$3.3Mn/m | -$9.2Mn/m | -$14.4M |
| EPS (Basic) | N/A | N/A | N/A | N/A | -$0.01n/m | $0.00 | N/A | N/A | N/A | -$0.10n/m | -$0.04 | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | -$0.01n/m | $0.00 | N/A | N/A | N/A | -$0.10n/m | -$0.04 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Diluted Shares (Avg).
No annual filing on record for: FY2018.
NSRCF 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 | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY17Filing | FY16Filing | FY15Filing | FY14Filing | FY13Filing | FY12Filing | FY11Filing | FY10Filing | FY09Filing | FY08Filing | FY07Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.3M+8.8% | $26.9M+9744.8% | $273K | N/A | $2.1M+249.7% | $592K-41.2% | $1.0M-48.9% | $2.0M+61.6% | $1.2M-71.3% | $4.2M-66.7% | $12.8M | N/A | N/A | N/A | N/A |
| Current Assets | $10.5M-53.7% | $22.6M+8744.5% | $255K | N/A | $2.0M+258.3% | $570K-38.6% | $929K-49.7% | $1.8M+56.2% | $1.2M-71.8% | $4.2M-67.1% | $12.8M | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $9.8M-56.4% | $22.4M+9992.9% | $222K-58.0% | $529K | $2.0M+260.7% | $545K-30.1% | $779K-37.7% | $1.3M+51.5% | $825K-76.3% | $3.5M-23.3% | $4.5M+81.1% | $2.5M | N/A | N/A | N/A |
| Short-Term Investments | N/A | N/A | N/A | N/A | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | $39K+182.6% | $14K-71.8% | $49K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Investments | N/A | N/A | N/A | N/A | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | N/A | N/A | N/A |
| Total Liabilities | $32.4M-39.0% | $53.1M+4381.7% | $1.2M | N/A | $410K-23.2% | $534K-62.3% | $1.4M-61.6% | $3.7M+358.7% | $803K-51.2% | $1.6M+134.4% | $702K | N/A | N/A | N/A | N/A |
| Current Liabilities | $24.3M-47.9% | $46.7M+3882.5% | $1.2M | N/A | N/A | N/A | N/A | $1.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Non-Current Liabilities | $8.0M+26.7% | $6.3M+59231.2% | $11K | N/A | N/A | N/A | N/A | $1.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$3.1Mn/m | -$26.1Mn/m | -$911Kn/m | -$666K | $1.7M+2749.1% | $58Kn/m | -$407Kn/m | -$1.7M-510.2% | $417K-84.0% | $2.6M-78.4% | $12.1M+392.2% | $2.5M-22.8% | $3.2M-38.2% | $5.1M-54.5% | $11.3M |
| Retained Earnings | -$130.8Mn/m | -$146.9Mn/m | -$104.9M | N/A | -$98.0Mn/m | -$94.0Mn/m | -$92.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
No annual filing on record for: FY2018.
NSRCF 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 | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY17Filing | FY16Filing | FY15Filing | FY14Filing | FY13Filing | FY12Filing | FY11Filing | FY10Filing | FY09Filing | FY08Filing | FY07Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.6Mn/m | -$1.4M | N/A | -$2.2M | -$3.4Mn/m | -$2.1M | N/A | -$8.5M | N/A | -$7.0Mn/m | -$4.3M | N/A | N/A | N/A | N/A |
| Depreciation & Amortization | N/A | N/A | N/A | N/A | $22K-61.3% | $57K+18.2% | $48K+7.7% | $44K+105.6% | $22K+121.0% | $10K+10.0% | $9K | N/A | N/A | N/A | N/A |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | $795K+139.8% | $331K-47.2% | $627K-7.9% | $681K-53.7% | $1.5M-59.9% | $3.7M+1442.8% | $238K-91.6% | $2.8M+2032.7% | $132K-92.8% | $1.8M-64.8% | $5.2M |
| Capital Expenditures | N/A | $4.3Mn/m | $0n/m | $0 | $28Kn/m | $0 | N/A | $132K+1245.8% | $10K-81.7% | $54Kn/m | $0 | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | -$5.7M | N/A | -$2.2M | -$3.4Mn/m | -$2.1M | N/A | -$8.7M | N/A | -$7.0Mn/m | -$4.3M | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$13.1Mn/m | -$4.3Mn/m | $0n/m | $0 | N/A | $80K+205.3% | $26Kn/m | -$602K-639.1% | $112K-97.9% | $5.2Mn/m | -$8.0M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $2.1M-92.6% | $27.8M+2461.7% | $1.1M-54.5% | $2.4M | N/A | $1.8M | N/A | $9.6M+128.6% | $4.2M+481.5% | $719K-95.0% | $14.3M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
No annual filing on record for: FY2018.
NSRCF 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 | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY17Filing | FY16Filing | FY15Filing | FY14Filing | FY13Filing | FY12Filing | FY11Filing | FY10Filing | FY09Filing | FY08Filing | FY07Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | N/A | N/A | N/A | -240.8%+2561.5pp | -2802.3% | N/A | N/A | N/A | -583.6%-543.2pp | -40.4%+396.7pp | -437.1%-334.5pp | -102.6%+76.6pp | -179.1%-51.7pp | -127.4% |
| Return on Assets | 55.0%+210.9pp | -155.9%+201.7pp | -357.5% | N/A | -193.1%+82.8pp | -275.9% | N/A | N/A | N/A | -357.3%-319.1pp | -38.2% | N/A | N/A | N/A | N/A |
| Current Ratio | 0.43-0.1x | 0.48+0.3x | 0.22 | N/A | N/A | N/A | N/A | 1.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | N/A | N/A | N/A | N/A | 0.25-8.9x | 9.16 | N/A | N/A | 1.92+1.3x | 0.63+0.6x | 0.06 | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.00 | N/A | 0.000.0x | 0.000.0x | 0.00 | N/A | N/A | 0.000.0x | 0.00 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Debt-to-Equity, FCF Margin.
No annual filing on record for: FY2018.
Note: Shareholder equity is negative (-$3.1M), 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 (0.43), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where NEXTSOURCE MATERIALS INC Ranks
Frequently Asked Questions
NEXTSOURCE MATERIALS INC (NSRCF) reported $0 in total revenue for fiscal year 2022. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Yes, NEXTSOURCE MATERIALS INC (NSRCF) reported a net income of $16.1M in fiscal year 2022.
NEXTSOURCE MATERIALS INC (NSRCF) recorded an outflow of $1.6M in operating cash flow during fiscal year 2022, representing cash used by core business activities.
NEXTSOURCE MATERIALS INC (NSRCF) had $29.3M in total assets as of fiscal year 2022, including both current and long-term assets.
NEXTSOURCE MATERIALS INC (NSRCF) had a current ratio of 0.43 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
NEXTSOURCE MATERIALS INC (NSRCF) had a return on assets of 55.0% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
NEXTSOURCE MATERIALS INC (NSRCF) trades at 2.1x earnings, its market capitalization divided by $16.1M net income, FY2022. The market capitalization is $33.4M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
NEXTSOURCE MATERIALS INC (NSRCF) has no price-to-sales ratio at the moment: revenue is not positive (FY2022). The market capitalization is $33.4M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
NEXTSOURCE MATERIALS INC (NSRCF) has negative shareholder equity of -$3.1M as of fiscal year 2022, 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.
NEXTSOURCE MATERIALS INC (NSRCF) 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.
For every $1 of reported earnings, NEXTSOURCE MATERIALS INC (NSRCF) used $0.10 of operating cash (-$1.6M OCF vs $16.1M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.