NB
NIOCORP DEVELOPMENTS LTD
Next earnings Sep 9, 2026 (after close) · consensus $-0.03 EPS
Last earnings +9.5% on 2026-01-12
$4.55
▼ -1.09%$4.55▲ +60.21%
over 1Y
L $2.19EODHDH $11.67
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-1.1%
1W-12.5%
1M-20.6%
3M+0.4%
YTD-23.5%
1Y+60.2%
Avoid
Conviction
Horizon
Long (>12mo)
Street · 12 analysts
Buy
Pre-revenue mining developer with going-concern doubt and a $1.14B capex gap — speculative option, not an investment.
Net income -$18.0M · FY2025
NioCorp is a development-stage miner with zero revenue across every year shown (FY2021-FY2025) and a cumulative deficit of $179M in retained earnings. The 10-K explicitly states 'substantial doubt exists as to our ability to continue as a going concern' and that the company 'does not have sufficient cash on hand to fund planned operations as well as the construction necessary for mine development for the next twelve months.' Management pegs near-term cash needs at $40-50M against just $25.6M of cash on hand at FY2025, and the Elk Creek Project's S-K 1300 estimate puts total upfront capex at ~$1,141M — roughly 27x the company's current cash and orders of magnitude beyond what the balance sheet can support without massive dilution.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | -$4.82M | -$10.9M | -$40.3M | -$11.9M | -$18.0M |
| Diluted EPS | — | — | — | -$0.31 | -$0.36 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$329M
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-5.1%
FCF yield-3.0%
Quality & risk
ROIC (est.)—
Free cash flow-$10.7M
Total debt$344K
Net cash$25.2M
Piotroski F-Score4/7
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+101.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 10-Q Quarterly report2026-05-14
Pre-revenue Q3 FY26; ongoing losses, still leaning on equity raises and DoD reimbursements
- 8-K Officer / director change2026-04-06
Annual meeting vote results plus officer changes and amended security-holder rights
- 8-K Material agreement2026-02-25
Proxy statement for annual meeting; routine governance
- DEF 14A Proxy statement2026-02-25
Proxy statement for annual meeting; routine governance
- 10-Q Quarterly report2026-02-06
Q2 FY26 report; no mining revenue, cash burn continues against Elk Creek capex need
- 8-K Other event2026-01-20
Other-events disclosure; project/financing update for shareholders
- 8-K Earnings results2026-01-12
Quarterly results release; pre-revenue dev-stage losses continue
- 8-K Material agreement2025-12-04
Completed an acquisition/asset transaction tied to a new material agreement
- 8-K Material agreement2025-11-21
New material agreement plus modification to security-holder rights — likely dilutive
Recent filings
all on EDGAR ↗10-QPeriod ending 2026-03-312026-05-14open ↗SCHEDULE 13G/AFiling2026-04-27open ↗SCHEDULE 13GFiling2026-04-08open ↗8-A12B/AFiling2026-04-06open ↗8-KPeriod ending 2026-04-062026-04-06open ↗DEFA14AFiling2026-02-25open ↗ARSPeriod ending 2025-06-302026-02-25open ↗DEF 14APeriod ending 2026-04-062026-02-25open ↗8-KPeriod ending 2026-02-242026-02-25open ↗424B2Filing2026-02-25open ↗424B2Filing2026-02-24open ↗SCHEDULE 13G/AFiling2026-02-17open ↗
Frequently asked
- Is NIOCORP DEVELOPMENTS LTD (NB) a buy?
- NB currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Pre-revenue mining developer with going-concern doubt and a $1.14B capex gap — speculative option, not an investment.
- What is NIOCORP DEVELOPMENTS LTD's quality score?
- NB scores 35.46153846153846/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001512228, latest 10-Q filed 2026-05-14) · EODHD · analysis by claude-code · as of 6/25/2026, 3:16:37 PM.
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