Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NIOCORP DEVELOPMENTS LTD files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
General and administrative
7.82
22.2
Operating expenses
13.8
6.04
6.44
3.43
4.09
7.8
37.4
13.8
12
38.3
Interest expense
0.29
0.38
0.27
0.35
1.54
2.83
2.34
4.49
0.05
0
Other non-operating income
0.13
-0.01
Pre-tax income
-14.6
-8.5
-7.34
-4
-4.82
-10.9
-12
-18
-50.8
Income tax
-0.3
-0.14
0
0
Net income to minority interests
0.23
0.46
-0.58
-2.23
Net income
-14.6
-8.5
-7.34
-4
-4.82
-10.9
-40.3
-11.9
-17.4
-48.6
EPS, basic
0.08
0.04
0.03
0.02
0.02
-0.31
-0.36
-0.41
EPS, diluted
0.08
0.04
0.03
0.02
0.02
-0.31
-0.36
-0.41
Shares, basic (weighted)
188
207
223
235
24.2
26.4
28.7
34.3
45.1
117
Shares, diluted (weighted)
188
207
223
235
242
26.4
28.7
34.3
45.1
117
Balance sheet
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
0.5
0.07
0.36
0.31
7.32
5.28
2.34
2.01
25.6
415
Other current assets
0.15
0.47
0.07
0.03
0.02
0.4
1.39
0.92
1.18
1.74
Total current assets
0.66
0.57
0.43
0.34
7.34
5.68
3.73
2.93
26.7
419
Property, plant and equipment
0.01
0.84
0.85
0.84
0.84
0.84
11.6
Lease right-of-use assets
0.12
0.09
Goodwill
0
2.22
Intangible assets
0
5.67
Other non-current assets
0.04
2.78
Total assets
11.4
11.2
11.1
11
24.5
22.8
20.9
20.1
43.8
467
Accounts payable
3.15
1.69
2.58
2.46
0.16
0.82
3.49
1.84
1.8
5.64
Accrued liabilities
0.87
0.87
0.18
0
2.04
Total current liabilities
6.48
3.93
5.22
8.01
3.92
5.07
3.56
12
1.89
16.5
Long-term debt
0.34
Lease liabilities
0.11
0.02
0.16
0.1
0.03
0
Other non-current liabilities
4.99
1.65
6.85
Total liabilities
8.46
8.04
6.23
8.36
11.3
5.09
29.8
17.5
14.7
37.1
Total debt
5.01
6.38
3.53
0.34
Paid-in capital
10.3
12.4
13.1
13.2
Retained earnings
-74.9
-83.3
-90.7
-94.7
-99.5
-110
-150
-162
-179
-228
Other comprehensive income
-0.61
-0.52
-0.53
-0.36
-1.16
-0.99
-0.91
-0.91
-0.91
-0.94
Shareholders' equity
2.89
3.19
4.85
2.64
13.2
17.7
-11
1
28.3
431
Total equity
2.89
3.19
4.85
2.64
13.2
17.7
-11
1
28.3
431
Total liabilities and equity
11.4
11.2
11.1
11
24.5
22.8
20.9
20.1
43.8
467
Shares outstanding
199
213
232
236
256
27.7
31.2
38.1
58.5
146
Cash flow statement
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Net income
-14.6
-8.5
-7.34
-4
-4.82
-10.9
40.1
-11.4
-18
-50.8
Depreciation and amortization
0.01
0.01
0
0
0
0
0.36
Stock-based compensation
1.47
1.3
0.6
0.15
0.8
1.75
1.79
2.88
0.79
4.44
Change in receivables
-0
0.01
Change in payables
1.79
-1.28
1.25
0.58
-1.1
0.42
2.86
-1.62
-0.05
2.09
Cash from operations
-10.7
-6.1
-4.36
-3.05
-4.73
-6.15
-17.3
-11.7
-10.7
-15.9
Capital expenditures
-0.01
-21.3
Acquisitions
0
-8.4
Cash from investing
0.01
0.02
-6.31
-0.02
0.02
-0.01
-29.7
Debt issued
1
4.5
1
0.2
9.48
41.8
Debt repaid
-0.52
-1.51
-7.22
0
Stock issued
5.67
1.55
3.79
0.47
10.7
4.74
2.5
6.19
45.7
467
Cash from financing
6.8
5.69
4.66
3
18.1
4.3
14.6
11.4
34.2
437
Exchange rate effect
-0.04
-0.04
-0.02
-0.01
-0.03
-0.17
-0.3
0
-0.03
Net change in cash
-3.91
-0.43
0.28
-0.05
7.01
-2.04
-2.94
-0.33
23.5
392
Free cash flow
-10.7
-37.2
Interest paid
0.14
0.24
0.13
0.06
0.87
0.25
0.26
0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $3.54 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-21.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-19.0%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
1,423.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 5y
100.8%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
965.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
181.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
80.4%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
160.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
59.8%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-13.5%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
25.4x
Current assets / current liabilities.
Quick ratio
25.1x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
25.1x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.41
Net income per basic share, as reported (split-adjusted).
FCF per share
-$0.32
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.14
Cash from operations / diluted weighted shares.
Book value per share
$2.96
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
1.20x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.22x
Market cap / tangible book value, when positive.
FCF yield
-7.2%
Free cash flow / market cap.
Earnings yield
-9.4%
Net income / market cap (the inverse of P/E).
Was NIOCORP DEVELOPMENTS LTD profitable in fiscal 2026?
No. It reported a net loss of $48.6M.
How much free cash flow did NIOCORP DEVELOPMENTS LTD generate in fiscal 2026?
Cash from operations of $15.9M minus capital expenditures of $21.3M left free cash flow of -$37.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.