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Nutriband Inc Financials

NTRB
Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

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).

Rhea AI NTRB FY2026

Nutriband’s operating model is still externally financed, with losses and cash burn far outpacing its small revenue base.

Across the last three years, revenue hovered near $2M but operating cash burn still reached -$5.1M in FY2026, showing that added spending is not yet being absorbed by customer demand. The clearest sign is overhead scale: SG&A alone was $7.0M, so the company is carrying a cost structure ahead of meaningful sales conversion.

Near-term liquidity looks comfortable because FY2026 ended with $4.6M of cash against only $868K of total liabilities. But that cushion came from external financing, not the business itself, which also helps explain why shares outstanding have continued to rise across the period.

Loss pressure is coming from both weaker gross economics and a heavier cost structure, not from R&D alone. Gross margin fell to 27.8% from 41.3% over two years, while R&D stayed close to the revenue base and SG&A expanded, so each sales dollar is covering less of a larger overhead load.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 38 / 100
Financial Profile 38/100

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 Nutriband 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.

Profitability
0

Nutriband Inc has an operating margin of -408.4%, meaning the company retains $-408 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 up from -480.7% the prior year.

Growth
31

Nutriband Inc's revenue declined 4.8% year-over-year, from $2.1M to $2.0M. This contraction results in a growth score of 31/100.

Leverage
99

Nutriband Inc carries a low D/E ratio of 0.13, meaning only $0.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 6.36, Nutriband Inc holds $6.36 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow
0

While Nutriband Inc generated -$5.1M in operating cash flow, capex of $5K consumed most of it, leaving -$5.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

Nutriband Inc generates a -123.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -205.4% the prior year.

Piotroski F-Score Weak
3/9

Nutriband Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality
0.62x

For every $1 of reported earnings, Nutriband Inc generates $0.62 in operating cash flow (-$5.1M OCF vs -$8.2M 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
-369.1x

Nutriband Inc earns $-369.1 in operating income for every $1 of interest expense (-$8.3M vs $23K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.0M
YoY-4.8%
5Y CAGR+16.6%

Nutriband Inc generated $2.0M in revenue in fiscal year 2026. This represents a decrease of 4.8% from the prior year.

EBITDA
-$8.1M
YoY+18.8%

Nutriband Inc's EBITDA was -$8.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.8% from the prior year.

Net Income
-$8.2M
YoY+21.5%

Nutriband Inc reported -$8.2M in net income in fiscal year 2026. This represents an increase of 21.5% from the prior year.

EPS (Diluted)
$-2.58
YoY-160.6%

Nutriband Inc earned $-2.58 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 160.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$5.1M
YoY-8.9%

Nutriband Inc generated -$5.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 8.9% from the prior year.

Cash & Debt
$4.6M
YoY+54.3%
5Y CAGR+61.9%

Nutriband Inc held $4.6M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
12M
YoY+9.0%
5Y CAGR+13.8%

Nutriband Inc had 12M shares outstanding in fiscal year 2026. This represents an increase of 9.0% from the prior year.

Margins & Returns

Gross Margin
27.8%
YoY-6.9pp
5Y CAGR-5.7pp

Nutriband Inc's gross margin was 27.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 6.9 percentage points from the prior year.

Operating Margin
-408.4%
YoY+72.3pp
5Y CAGR-133.3pp

Nutriband Inc's operating margin was -408.4% in fiscal year 2026, reflecting core business profitability. This is up 72.3 percentage points from the prior year.

Net Margin
-404.1%
YoY+85.9pp
5Y CAGR-93.3pp

Nutriband Inc's net profit margin was -404.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 85.9 percentage points from the prior year.

Return on Equity
-123.2%
YoY+82.2pp
5Y CAGR-85.8pp

Nutriband Inc's ROE was -123.2% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 82.2 percentage points from the prior year.

Capital Allocation

R&D Spending
$1.9M
YoY-39.4%

Nutriband Inc invested $1.9M in research and development in fiscal year 2026. This represents a decrease of 39.4% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$5K
YoY-94.2%

Nutriband Inc invested $5K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 94.2% from the prior year.

NTRB Income Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Revenue $401K+15.8% $346K-44.4% $622K-6.7% $667K+3.9% $642K-0.5% $646K+45.8% $443K+8.4% $409K
Cost of Revenue $312K+12.3% $278K-40.4% $466K+12.1% $415K+16.6% $356K-21.6% $455K+33.3% $341K+40.0% $244K
Gross Profit $89K+29.8% $69K-56.3% $157K-37.7% $252K-11.9% $286K+49.7% $191K+88.1% $102K-38.4% $165K
R&D Expenses $188K-58.9% $457K-18.7% $563K-17.7% $683K+39.5% $490K-44.4% $881K+13.8% $774K-20.6% $975K
SG&A Expenses $922K-73.6% $3.5M+118.6% $1.6M+62.7% $982K-44.2% $1.8M+138.7% $737K0.0% $737K-31.7% $1.1M
Operating Income -$1.0M+73.7% -$3.9M-93.7% -$2.0M-41.7% -$1.4M+74.6% -$5.6M-289.6% -$1.4M-1.2% -$1.4M+25.4% -$1.9M
Interest Expense $9K+56.2% $6K-3.9% $6K+126.5% $3K-73.9% $10K+142.6% $4K-19.7% $5K+94.7% $3K
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income -$968K+75.0% -$3.9M-93.6% -$2.0M-44.0% -$1.4M+74.8% -$5.5M-304.8% -$1.4M+20.1% -$1.7M+10.1% -$1.9M
EPS (Diluted) N/A $-0.32+84.9% $-2.12-1666.7% $-0.12 N/A $-0.12+20.0% $-0.15+28.6% $-0.21

NTRB Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $7.5M-10.3% $8.4M-17.3% $10.2M+65.4% $6.2M-17.6% $7.5M-40.4% $12.5M-8.0% $13.6M-10.0% $15.2M
Current Assets $5.0M-14.2% $5.8M-22.7% $7.5M+119.3% $3.4M-28.5% $4.8M-22.6% $6.2M-14.6% $7.2M-17.0% $8.7M
Cash & Equivalents $4.6M-13.9% $5.3M-24.1% $7.0M+136.0% $3.0M-31.3% $4.3M-24.3% $5.7M-15.7% $6.8M-19.0% $8.3M
Inventory $118K-13.2% $136K-1.5% $138K-35.9% $215K+1.5% $212K+26.0% $168K-24.8% $224K+32.9% $169K
Accounts Receivable $118K-19.8% $148K-8.2% $161K+70.8% $94K+27.5% $74K-32.6% $110K+61.2% $68K-20.1% $85K
Goodwill $1.7M0.0% $1.7M0.0% $1.7M0.0% $1.7M0.0% $1.7M-65.8% $5.0M0.0% $5.0M0.0% $5.0M
Total Liabilities $868K-0.2% $870K-48.3% $1.7M+60.4% $1.0M+0.7% $1.0M-20.6% $1.3M+11.8% $1.2M-34.5% $1.8M
Current Liabilities $784K+1.5% $773K-50.9% $1.6M+69.9% $925K-5.9% $983K-21.2% $1.2M+13.1% $1.1M-22.1% $1.4M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $6.7M-11.5% $7.5M-11.1% $8.5M+66.4% $5.1M-20.6% $6.4M-42.8% $11.2M-9.9% $12.5M-6.8% $13.4M
Retained Earnings -$46.7M-2.1% -$45.7M-9.3% -$41.9M-5.0% -$39.9M-3.6% -$38.5M-16.7% -$32.9M-4.3% -$31.6M-5.7% -$29.9M

NTRB Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow -$732K+58.2% -$1.8M-33.4% -$1.3M+1.8% -$1.3M-7.9% -$1.2M-22.7% -$1.0M+34.6% -$1.5M-85.1% -$834K
Capital Expenditures $0 $0 $0-100.0% $5K $0-100.0% $47K+20.7% $39K+527.8% $6K
Free Cash Flow -$732K+58.2% -$1.8M-33.4% -$1.3M+2.2% -$1.3M-8.3% -$1.2M-17.3% -$1.1M+33.2% -$1.6M-88.4% -$840K
Investing Cash Flow $0 $0 $0+100.0% -$5K $0+100.0% -$47K-20.7% -$39K-527.8% -$6K
Financing Cash Flow -$5K-107.9% $70K-98.7% $5.3M+100444.4% -$5K+96.4% -$147K-2744.9% -$5K-0.8% -$5K-100.1% $8.7M
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 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Gross Margin 22.2%+2.4pp 19.8%-5.4pp 25.2%-12.6pp 37.8%-6.8pp 44.5%+14.9pp 29.6%+6.7pp 22.9%-17.4pp 40.3%
Operating Margin -254.8%+866.5pp -1121.3%-799.5pp -321.8%-110.1pp -211.8%+653.6pp -865.3%-644.4pp -220.9%+97.4pp -318.4%+144.2pp -462.5%
Net Margin -241.6%+877.4pp -1119.0%-797.6pp -321.4%-113.3pp -208.1%+650.7pp -858.8%-647.8pp -211.0%+174.1pp -385.1%+79.5pp -464.6%
Return on Equity -14.5%+36.8pp -51.3%-27.8pp -23.5%+3.7pp -27.2%+58.6pp -85.8%-73.7pp -12.1%+1.6pp -13.7%+0.5pp -14.2%
Return on Assets -12.8%+33.2pp -46.0%-26.3pp -19.7%+2.9pp -22.6%+51.3pp -73.9%-63.0pp -10.9%+1.6pp -12.5%+0.0pp -12.5%
Current Ratio 6.36-1.2 7.53+2.7 4.78+1.1 3.71-1.2 4.88-0.1 4.96-1.6 6.57+0.4 6.16
Debt-to-Equity 0.13+0.0 0.12-0.1 0.200.0 0.21+0.0 0.16+0.0 0.12+0.0 0.09-0.0 0.13
FCF Margin -182.6%+323.8pp -506.4%-295.4pp -211.0%-9.9pp -201.1%-8.2pp -192.9%-29.3pp -163.6%+193.8pp -357.4%-151.8pp -205.6%

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Frequently Asked Questions

Nutriband Inc (NTRB) reported $2.0M in total revenue for fiscal year 2026. This represents a -4.8% 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.

Nutriband Inc (NTRB) revenue declined by 4.8% year-over-year, from $2.1M to $2.0M in fiscal year 2026.

No, Nutriband Inc (NTRB) reported a net income of -$8.2M in fiscal year 2026, with a net profit margin of -404.1%.

Nutriband Inc (NTRB) reported diluted earnings per share of $-2.58 for fiscal year 2026. This represents a -160.6% 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.

Nutriband Inc (NTRB) had EBITDA of -$8.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Nutriband Inc (NTRB) had a gross margin of 27.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Nutriband Inc (NTRB) had an operating margin of -408.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Nutriband Inc (NTRB) had a net profit margin of -404.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Nutriband Inc (NTRB) has a return on equity of -123.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Nutriband Inc (NTRB) generated -$5.1M in free cash flow during fiscal year 2026. This represents a -8.9% 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.

Nutriband Inc (NTRB) generated -$5.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Nutriband Inc (NTRB) had $7.5M in total assets as of fiscal year 2026, including both current and long-term assets.

Nutriband Inc (NTRB) invested $5K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Nutriband Inc (NTRB) invested $1.9M in research and development during fiscal year 2026.

Nutriband Inc (NTRB) had 12M shares outstanding as of fiscal year 2026.

Nutriband Inc (NTRB) had a current ratio of 6.36 as of fiscal year 2026, which is generally considered healthy.

Nutriband Inc (NTRB) had a debt-to-equity ratio of 0.13 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Nutriband Inc (NTRB) had a return on assets of -109.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2026 data, Nutriband Inc (NTRB) had $4.6M in cash against an annual operating cash burn of $5.1M. This gives an estimated cash runway of approximately 11 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.

Nutriband Inc (NTRB) 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.

Nutriband Inc (NTRB) has an earnings quality ratio of 0.62x, 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.

Nutriband Inc (NTRB) has an interest coverage ratio of -369.1x, 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.

Nutriband Inc (NTRB) scores 38 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.

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