Nutriband Inc Financials

NTRB

Source SEC Filings (10-K/10-Q) Updated Oct 31, 2025 Currency USD FYE January

Financial Health Signals

Financial Profile 47/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Nutriband Inc has an operating margin of -480.7%, meaning the company retains $-481 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 -233.6% the prior year.

Growth

Nutriband Inc's revenue grew a modest 2.6% year-over-year to $2.1M. This slow but positive growth earns a score of 36/100.

Leverage

100

Nutriband Inc carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.71, Nutriband Inc holds $3.71 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Nutriband Inc generated -$4.6M in operating cash flow, capex of $92K consumed most of it, leaving -$4.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

2/9

Nutriband Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.44x

For every $1 of reported earnings, Nutriband Inc generates $0.44 in operating cash flow (-$4.6M OCF vs -$10.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-480.4x

Nutriband Inc earns $-480.4 in operating income for every $1 of interest expense (-$10.3M vs $21K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Nutriband Inc (NTRB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).

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Key Financial Metrics

Revenue

$2.1M

YoY+2.6%

5Y CAGR+78.1%

Nutriband Inc generated $2.1M in revenue in fiscal year 2025. This represents an increase of 2.6% from the prior year.

EBITDA

-$10.0M

YoY-118.1%

Nutriband Inc's EBITDA was -$10.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 118.1% from the prior year.

Free Cash Flow

-$4.7M

YoY-31.8%

Nutriband Inc generated -$4.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 31.8% from the prior year.

Net Income

-$10.5M

YoY-91.1%

Nutriband Inc reported -$10.5M in net income in fiscal year 2025. This represents a decrease of 91.1% from the prior year.

EPS (Diluted)

$-0.99

YoY-43.5%

Nutriband Inc earned $-0.99 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 43.5% from the prior year.

Cash & Debt

$3.0M

YoY-64.5%

5Y CAGR+170.0%

Nutriband Inc held $3.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

11M

YoY+1.7%

5Y CAGR+15.1%

Nutriband Inc had 11M shares outstanding in fiscal year 2025. This represents an increase of 1.7% from the prior year.

Gross Margin

34.7%

YoY-6.6pp

5Y CAGR+394.8pp

Nutriband Inc's gross margin was 34.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.6 percentage points from the prior year.

Operating Margin

-480.7%

YoY-247.1pp

5Y CAGR+1169.2pp

Nutriband Inc's operating margin was -480.7% in fiscal year 2025, reflecting core business profitability. This is down 247.1 percentage points from the prior year.

Net Margin

-489.9%

YoY-226.9pp

5Y CAGR+1790.2pp

Nutriband Inc's net profit margin was -489.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 226.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$3.1M

YoY+59.1%

Nutriband Inc invested $3.1M in research and development in fiscal year 2025. This represents an increase of 59.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$92K

YoY+77.8%

Nutriband Inc invested $92K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 77.8% from the prior year.

NTRB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.1M+2.6%	$2.1M+0.3%	$2.1M+46.2%	$1.4M+50.7%	$944K+690.6%	$119K
Cost of Revenue	$1.4M-27.3%	$1.9M+7.5%	$1.8M+51.4%	$1.2M+88.0%	$627K+14.3%	$549K
Gross Profit	$743K-13.8%	$862K+14.9%	$750K+35.4%	$554K+75.3%	$316K+173.6%	-$430K
R&D Expenses	$3.1M+59.1%	$2.0M+99.6%	$982K+138.8%	$411K	N/A	N/A
SG&A Expenses	$4.3M+14.3%	$3.8M-3.6%	$3.9M-2.7%	$4.0M+38.1%	$2.9M+62.6%	$1.8M
Operating Income	-$10.3M-111.1%	-$4.9M-8.9%	-$4.5M+26.8%	-$6.1M-135.4%	-$2.6M-31.8%	-$2.0M
Interest Expense	$21K-71.8%	$76K+814.6%	$8K-93.0%	$118K-57.8%	$281K+282.3%	$73K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$10.5M-91.1%	-$5.5M-22.3%	-$4.5M+27.4%	-$6.2M-110.6%	-$2.9M-7.8%	-$2.7M
EPS (Diluted)	$-0.99-43.5%	$-0.69-30.2%	$-0.53+33.8%	$-0.80	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Revenue	$346K-44.4%	$622K-6.7%	$667K+3.4%	$646K+45.8%	$443K+8.4%	$409K-22.1%	$525K+22.6%	$428K
Cost of Revenue	$278K-40.4%	$466K+12.1%	$415K-8.6%	$455K+33.3%	$341K+40.0%	$244K-53.5%	$525K+22.6%	$428K
Gross Profit	$69K-56.3%	$157K-37.7%	$252K+31.9%	$191K+88.1%	$102K-38.4%	$165K-49.6%	$327K+104.6%	$160K
R&D Expenses	$457K-18.7%	$563K-17.7%	$683K-22.4%	$881K+13.8%	$774K-20.6%	$975K+73.0%	$563K+2.2%	$552K
SG&A Expenses	$3.5M+118.6%	$1.6M+62.7%	$982K+33.2%	$737K0.0%	$737K-31.7%	$1.1M+16.8%	$924K-30.6%	$1.3M
Operating Income	-$3.9M-93.7%	-$2.0M-41.7%	-$1.4M+0.9%	-$1.4M-1.2%	-$1.4M+25.4%	-$1.9M-44.6%	-$1.3M+24.2%	-$1.7M
Interest Expense	$6K-3.9%	$6K+126.5%	$3K-36.8%	$4K-19.7%	$5K+94.7%	$3K-88.9%	$23K-42.3%	$40K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$3.9M-93.6%	-$2.0M-44.0%	-$1.4M-1.9%	-$1.4M+20.1%	-$1.7M+10.1%	-$1.9M-0.9%	-$1.9M-6.9%	-$1.8M
EPS (Diluted)	$-0.32+84.9%	$-2.12-1666.7%	$-0.120.0%	$-0.12+20.0%	$-0.15+28.6%	$-0.21+8.7%	$-0.23-4.5%	$-0.22

NTRB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.2M-59.4%	$15.2M+74.7%	$8.7M-27.6%	$12.0M+13.5%	$10.6M+380.3%	$2.2M
Current Assets	$3.4M-60.7%	$8.7M+337.9%	$2.0M-57.1%	$4.6M+396.8%	$934K+1300.8%	$67K
Cash & Equivalents	$3.0M-64.5%	$8.3M+553.1%	$1.3M-68.1%	$4.0M+876.4%	$411K+1889.7%	$21K
Inventory	$215K+27.8%	$169K-7.2%	$181K+42.3%	$128K+41.3%	$90K	N/A
Accounts Receivable	$94K+10.6%	$85K-48.3%	$165K+66.1%	$99K-34.3%	$151K+280.4%	$40K
Goodwill	$1.7M-65.8%	$5.0M0.0%	$5.0M-6.1%	$5.3M-29.0%	$7.5M+338.0%	$1.7M
Total Liabilities	$1.0M-41.5%	$1.8M+87.4%	$956K+5.7%	$904K-66.8%	$2.7M+275.3%	$726K
Current Liabilities	$925K-34.7%	$1.4M+80.6%	$784K+8.5%	$723K-71.3%	$2.5M+247.4%	$726K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.1M-61.8%	$13.4M+73.1%	$7.7M-30.3%	$11.1M+41.4%	$7.8M+432.1%	$1.5M
Retained Earnings	-$39.9M-33.4%	-$29.9M-27.1%	-$23.5M-25.7%	-$18.7M-53.9%	-$12.2M-30.5%	-$9.3M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Total Assets	$8.4M-17.3%	$10.2M+65.4%	$6.2M-51.0%	$12.5M-8.0%	$13.6M-10.0%	$15.2M+101.6%	$7.5M-11.8%	$8.5M
Current Assets	$5.8M-22.7%	$7.5M+119.3%	$3.4M-44.6%	$6.2M-14.6%	$7.2M-17.0%	$8.7M+754.3%	$1.0M-48.9%	$2.0M
Cash & Equivalents	$5.3M-24.1%	$7.0M+136.0%	$3.0M-48.0%	$5.7M-15.7%	$6.8M-19.0%	$8.3M+1593.5%	$493K-61.0%	$1.3M
Inventory	$136K-1.5%	$138K-35.9%	$215K+27.9%	$168K-24.8%	$224K+32.9%	$169K-0.1%	$169K-3.5%	$175K
Accounts Receivable	$148K-8.2%	$161K+70.8%	$94K-14.1%	$110K+61.2%	$68K-20.1%	$85K-42.7%	$149K-12.4%	$170K
Goodwill	$1.7M0.0%	$1.7M0.0%	$1.7M-65.8%	$5.0M0.0%	$5.0M0.0%	$5.0M0.0%	$5.0M0.0%	$5.0M
Total Liabilities	$870K-48.3%	$1.7M+60.4%	$1.0M-20.0%	$1.3M+11.8%	$1.2M-34.5%	$1.8M+66.0%	$1.1M-61.6%	$2.8M
Current Liabilities	$773K-50.9%	$1.6M+69.9%	$925K-25.9%	$1.2M+13.1%	$1.1M-22.1%	$1.4M+41.8%	$999K+39.2%	$718K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$7.5M-11.1%	$8.5M+66.4%	$5.1M-54.6%	$11.2M-9.9%	$12.5M-6.8%	$13.4M+107.6%	$6.4M+12.7%	$5.7M
Retained Earnings	-$45.7M-9.3%	-$41.9M-5.0%	-$39.9M-21.0%	-$32.9M-4.3%	-$31.6M-5.7%	-$29.9M-6.8%	-$28.0M-7.2%	-$26.1M

NTRB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$4.6M-31.2%	-$3.5M-18.1%	-$3.0M-6.3%	-$2.8M-845.7%	-$297K+66.8%	-$894K
Capital Expenditures	$92K+77.8%	$52K-34.7%	$79K-2.8%	$82K	N/A	N/A
Free Cash Flow	-$4.7M-31.8%	-$3.6M-16.7%	-$3.1M-6.1%	-$2.9M	N/A	N/A
Investing Cash Flow	-$92K-77.8%	-$52K+34.7%	-$79K+2.8%	-$82K-221.8%	$67K	N/A
Financing Cash Flow	$8.5M+309.1%	$2.1M+1203.6%	$160K-97.9%	$7.6M+1952.0%	$372K-13.6%	$430K
Dividends Paid	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

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Operating Cash Flow	-$1.8M-33.4%	-$1.3M+1.8%	-$1.3M-32.4%	-$1.0M+34.6%	-$1.5M-85.1%	-$834K-16.1%	-$718K+32.5%	-$1.1M
Capital Expenditures	$0	$0-100.0%	$5K-88.7%	$47K+20.7%	$39K+527.8%	$6K-87.4%	$49K	$0
Free Cash Flow	-$1.8M-33.4%	-$1.3M+2.2%	-$1.3M-27.0%	-$1.1M+33.2%	-$1.6M-88.4%	-$840K-9.5%	-$767K+27.9%	-$1.1M
Investing Cash Flow	$0	$0+100.0%	-$5K+88.7%	-$47K-20.7%	-$39K-527.8%	-$6K+87.4%	-$49K	$0
Financing Cash Flow	$70K-98.7%	$5.3M+100444.4%	-$5K-2.9%	-$5K-0.8%	-$5K-100.1%	$8.7M+173859.4%	-$5K-0.9%	-$5K
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

NTRB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	34.7%-6.6pp	41.3%+5.3pp	36.1%-2.9pp	39.0%+5.5pp	33.5%+393.5pp	-360.0%
Operating Margin	-480.7%-247.1pp	-233.6%-18.4pp	-215.2%+214.5pp	-429.7%-154.6pp	-275.1%+1374.9pp	-1649.9%
Net Margin	-489.9%-226.9pp	-263.0%-47.4pp	-215.6%+218.7pp	-434.3%-123.5pp	-310.8%+1969.3pp	-2280.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-170.4%-134.2pp	-36.2%+15.5pp	-51.7%-0.2pp	-51.5%-23.8pp	-27.8%+96.0pp	-123.8%
Current Ratio	3.71-2.5	6.16+3.6	2.54-3.9	6.42+6.0	0.37+0.3	0.09
Debt-to-Equity	0.21+0.1	0.13+0.0	0.12+0.0	0.08-0.3	0.35-0.1	0.49
FCF Margin	-220.5%-48.9pp	-171.6%-24.2pp	-147.5%+55.8pp	-203.3%	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Gross Margin	19.8%-5.4pp	25.2%-12.6pp	37.8%+8.2pp	29.6%+6.7pp	22.9%-17.4pp	40.3%-22.0pp	62.3%+25.0pp	37.3%
Operating Margin	-1121.3%-799.5pp	-321.8%-110.1pp	-211.8%+9.2pp	-220.9%+97.4pp	-318.4%+144.2pp	-462.5%-213.5pp	-249.0%+153.8pp	-402.8%
Net Margin	-1119.0%-797.6pp	-321.4%-113.3pp	-208.1%+2.9pp	-211.0%+174.1pp	-385.1%+79.5pp	-464.6%-106.1pp	-358.5%+52.8pp	-411.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-46.0%-26.3pp	-19.7%+2.9pp	-22.6%-11.7pp	-10.9%+1.6pp	-12.5%+0.0pp	-12.5%+12.5pp	-25.0%-4.4pp	-20.6%
Current Ratio	7.53+2.7	4.78+1.1	3.71-1.3	4.96-1.6	6.57+0.4	6.16+5.1	1.02-1.8	2.79
Debt-to-Equity	0.12-0.1	0.200.0	0.21+0.1	0.12+0.0	0.09-0.0	0.13-0.0	0.17-0.3	0.49
FCF Margin	-506.4%-295.4pp	-211.0%-9.9pp	-201.1%-37.5pp	-163.6%+193.8pp	-357.4%-151.8pp	-205.6%-59.4pp	-146.3%+102.5pp	-248.7%

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Frequently Asked Questions

What is Nutriband Inc's annual revenue?

Nutriband Inc (NTRB) reported $2.1M in total revenue for fiscal year 2025. This represents a 2.6% 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 Nutriband Inc's revenue growing?

Nutriband Inc (NTRB) revenue grew by 2.6% year-over-year, from $2.1M to $2.1M in fiscal year 2025.

Is Nutriband Inc profitable?

No, Nutriband Inc (NTRB) reported a net income of -$10.5M in fiscal year 2025, with a net profit margin of -489.9%.

What is Nutriband Inc's earnings per share (EPS)?

Nutriband Inc (NTRB) reported diluted earnings per share of $-0.99 for fiscal year 2025. This represents a -43.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Nutriband Inc's EBITDA?

Nutriband Inc (NTRB) had EBITDA of -$10.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Nutriband Inc's gross margin?

Nutriband Inc (NTRB) had a gross margin of 34.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Nutriband Inc's operating margin?

Nutriband Inc (NTRB) had an operating margin of -480.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Nutriband Inc's net profit margin?

Nutriband Inc (NTRB) had a net profit margin of -489.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Nutriband Inc's free cash flow?

Nutriband Inc (NTRB) generated -$4.7M in free cash flow during fiscal year 2025. This represents a -31.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Nutriband Inc's operating cash flow?

Nutriband Inc (NTRB) generated -$4.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Nutriband Inc's total assets?

Nutriband Inc (NTRB) had $6.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Nutriband Inc's capital expenditures?

Nutriband Inc (NTRB) invested $92K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Nutriband Inc spend on research and development?

Nutriband Inc (NTRB) invested $3.1M in research and development during fiscal year 2025.

How many shares does Nutriband Inc have outstanding?

Nutriband Inc (NTRB) had 11M shares outstanding as of fiscal year 2025.

What is Nutriband Inc's current ratio?

Nutriband Inc (NTRB) had a current ratio of 3.71 as of fiscal year 2025, which is generally considered healthy.

What is Nutriband Inc's debt-to-equity ratio?

Nutriband Inc (NTRB) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nutriband Inc's return on assets (ROA)?

Nutriband Inc (NTRB) had a return on assets of -170.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Nutriband Inc's cash runway?

Based on fiscal year 2025 data, Nutriband Inc (NTRB) had $3.0M in cash against an annual operating cash burn of $4.6M. This gives an estimated cash runway of approximately 8 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 Nutriband Inc's Piotroski F-Score?

Nutriband Inc (NTRB) has a Piotroski F-Score of 2 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nutriband Inc's earnings high quality?

Nutriband Inc (NTRB) 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 Nutriband Inc cover its interest payments?

Nutriband Inc (NTRB) has an interest coverage ratio of -480.4x, 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 Nutriband Inc?

Nutriband Inc (NTRB) scores 47 out of 100 on our Financial Profile, indicating moderate 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.