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).
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
Loss pressure is coming from both weaker gross economics and a heavier cost structure, not from R&D alone. Gross margin fell to
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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
Earnings & Revenue
Nutriband Inc generated $2.0M in revenue in fiscal year 2026. This represents a decrease of 4.8% from the prior year.
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.
Nutriband Inc reported -$8.2M in net income in fiscal year 2026. This represents an increase of 21.5% from the prior year.
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
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.
Nutriband Inc held $4.6M in cash against $0 in long-term debt as of fiscal year 2026.
Nutriband Inc had 12M shares outstanding in fiscal year 2026. This represents an increase of 9.0% from the prior year.
Margins & Returns
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.
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.
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.
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
Nutriband Inc invested $1.9M in research and development in fiscal year 2026. This represents a decrease of 39.4% from the prior year.
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
What is Nutriband Inc's annual revenue?
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.
How fast is Nutriband Inc's revenue growing?
Nutriband Inc (NTRB) revenue declined by 4.8% year-over-year, from $2.1M to $2.0M in fiscal year 2026.
Is Nutriband Inc profitable?
No, Nutriband Inc (NTRB) reported a net income of -$8.2M in fiscal year 2026, with a net profit margin of -404.1%.
What is Nutriband Inc's EBITDA?
Nutriband Inc (NTRB) had EBITDA of -$8.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Nutriband Inc's gross margin?
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.
What is Nutriband Inc's operating margin?
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.
What is Nutriband Inc's net profit margin?
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.
What is Nutriband Inc's return on equity (ROE)?
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.
What is Nutriband Inc's free cash flow?
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.
What is Nutriband Inc's operating cash flow?
Nutriband Inc (NTRB) generated -$5.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Nutriband Inc's total assets?
Nutriband Inc (NTRB) had $7.5M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Nutriband Inc's capital expenditures?
Nutriband Inc (NTRB) invested $5K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Nutriband Inc spend on research and development?
Nutriband Inc (NTRB) invested $1.9M in research and development during fiscal year 2026.
What is Nutriband Inc's current ratio?
Nutriband Inc (NTRB) had a current ratio of 6.36 as of fiscal year 2026, which is generally considered healthy.
What is Nutriband Inc's debt-to-equity ratio?
Nutriband Inc (NTRB) had a debt-to-equity ratio of 0.13 as of fiscal year 2026, 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 -109.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Nutriband Inc's cash runway?
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.
What is Nutriband Inc's Piotroski F-Score?
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.
Are Nutriband Inc's earnings high quality?
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.
Can Nutriband Inc cover its interest payments?
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.
How financially healthy is Nutriband Inc?
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.