The company remains in a pre-revenue development phase, with operating expenses fluctuating significantly as evidenced by SG&A costs reaching $3.2 million in 2024Q3.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'00 | Jun'99 |
|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.37K | 18.88K | 20.14K | 120 | 270 |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -100% | -7.99% | -6.26% | 16754.98% | -55.74% | - |
| Cost of Goods Sold | 155K | 3K | 4.16M | 0 | 0 | 0 | 0 | 0 | 6K | 9K | 9K | 10K | 6.28K | 3.04K | 4.06K | 44.18K | 3.4K | 302 | 998 | 523 | 4.41K | 3.94K | 5.57K | 0 | 0 |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25.38% | 20.85% | 27.65% | - | - |
| Gross Profit | -155K | -3K | -4.16M | 0 | 0 | 0 | 0 | 0 | -6K | -9K | -9K | -10K | -6.28K | -3.04K | -4.06K | -44.18K | -3.4K | -302 | -998 | -523 | 12.96K | 14.94K | 14.57K | 120 | 270 |
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 74.61% | 79.14% | 72.35% | 100% | 100% |
| Gross Profit Growth % | - | 99.93% | - | - | - | - | - | 100% | 33.33% | 0% | 10% | -59.33% | -106.33% | 25.11% | 90.81% | -1198.51% | -1026.21% | 69.72% | -90.84% | -104.03% | -13.26% | 2.55% | 12093.96% | -55.74% | - |
| Operating Expenses | 33.76M | 11.96M | 9.59M | 37.41M | 7.8M | 4.09M | 3.43M | 6.44M | 6.03M | 13.76M | 9.27M | 25.32M | 1.8M | 832.81K | 2.44M | 2.72M | 1.71M | 290.94K | 272.24K | 320.15K | 346.11K | 278.15K | 460.14K | 329 | 21.9K |
| OpEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1992.11% | 1473.1% | 2284.46% | 275.71% | 8112.38% |
| Selling, General & Admin | 4.14M | 4.18M | 3.53M | 4.9M | 2.83M | 2.04M | 1.7M | 6.44M | 6.03M | 13.76M | 9.27M | 25.32M | 1.8M | 832.81K | 1.67M | 2.72M | 900.25K | 102.52K | 272.24K | 320.15K | 74.66K | 262.08K | 396.94K | 2.85K | 5.94K |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 429.74% | 1387.97% | 1970.68% | 2388.14% | 2200.5% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 4M | 7.77M | 6.06M | 32.51M | 4.96M | 2.05M | 1.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -775.82K | 0 | 807.82K | -188.42K | 0 | 0 | 6.45K | 16.07K | 63.2K | -2.52K | 15.96K |
| Operating Income | -33.91M | -11.96M | -13.76M | -37.41M | -7.8M | -4.09M | -3.43M | -6.44M | -6.04M | -13.77M | -9.28M | -25.33M | -1.81M | -835.85K | -2.45M | -2.77M | -1.71M | -291.24K | -273.24K | -320.67K | -333.14K | -583.05K | -463.27K | -20.11K | -31.43K |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1917.49% | -3087.84% | -2300.03% | -16825.42% | -11642.71% |
| Operating Income Growth % | - | 13.08% | 63.23% | -379.86% | -90.52% | -19.23% | 46.67% | -6.64% | 56.18% | -48.48% | 63.38% | -1301.27% | -116.26% | 65.83% | 11.64% | -61.77% | -487.65% | -6.59% | 14.79% | 3.74% | 42.86% | -25.85% | -2204.07% | 36.03% | - |
| EBITDA | -38.64M | -11.96M | -13.76M | -37.41M | -7.79M | 0 | -3.65M | -7.07M | -6.03M | -13.76M | -9.27M | -25.32M | -1.8M | -832.81K | -2.44M | -2.76M | -1.71M | -290.94K | -272.24K | -320.15K | -326.69K | -566.97K | -400.07K | -20.06K | -31.01K |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1880.36% | -3002.71% | -1986.26% | -16785.31% | -11485.18% |
| EBITDA Growth % | -640.31% | 13.09% | 63.23% | -380.01% | - | 100% | 48.42% | -17.27% | 56.2% | -48.53% | 63.4% | -1305.6% | -116.29% | 65.9% | 11.63% | -61.82% | -487.09% | -6.87% | 14.97% | 2% | 42.38% | -41.72% | -1894.5% | 35.31% | - |
| D&A (Non-Cash Add-back) | 200K | 3K | 2K | 3K | 3K | 4.09M | 0 | 0 | 6K | 9K | 9K | 10K | 6.28K | 3.04K | 3.74K | 4.74K | 3.4K | 302 | 998 | 523 | 6.45K | 16.07K | 63.2K | 48 | 425 |
| EBIT | -54.37M | -17.93M | -7.55M | -38.28M | -8.06M | -3.28M | -3.65M | -7.07M | -8.12M | -14.34M | -10.89M | -25.83M | -1.6M | -2.89M | -2.19M | -7.68M | -1.71M | -291.24K | -371.21K | -1.23M | -333.14K | -263.21K | -445.56K | -210 | -21.63K |
| Net Interest Income | 5.86M | 46K | -4.49M | -2.34M | -2.83M | -1.54M | -354K | -266K | 0 | 0 | 0 | -23K | 0 | 0 | 0 | 174 | 499 | 0 | 0 | 0 | 0 | 0 | 0 | -242 | -649 |
| Interest Income | 5.86M | 94K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16K | 0 | 0 | 0 | 174 | 499 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 48K | 4.49M | 2.34M | 2.83M | 1.54M | 354K | 266K | 375K | 290K | 517K | 39K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 242 | 649 |
| Other Income/Expense | -20.46M | -6.02M | 1.72M | -3.2M | -3.09M | -732K | -569K | -900K | -2.46M | -857K | -2.13M | -541K | 203.98K | -2.05M | 251.75K | -4.91M | 499 | 0 | -97.97K | -906.54K | 96.6K | -30.22K | 0 | 20.11K | 31.43K |
| Pretax Income | -54.37M | -17.98M | -12.04M | -40.61M | -10.89M | -4.82M | -4M | -7.34M | -8.5M | -14.63M | -11.41M | -25.87M | -1.6M | -2.89M | -2.19M | -7.68M | -1.71M | -291.24K | -371.2K | -1.23M | -236.54K | -613.27K | -463.27K | -1 | 0 |
| Pretax Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1361.48% | -3247.91% | -2300.03% | -0.56% | -0.1% |
| Income Tax | 0 | 0 | -139K | -304K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.75M | -41.71K | 84.61K | 0 | 0 | 0 | 0 | 0 | -72.15K | -4.27K | 0 | -34.2K | 20.11K | 31.43K |
| Effective Tax Rate % | 0% | 0% | 1.15% | 0.75% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10.65% | 2.6% | -2.93% | 0% | 0% | 0% | 0% | 0% | 5.88% | 1.81% | 0% | 7.38% | -2010600% | - |
| Net Income | -49.49M | -16.3M | -11.44M | -40.08M | -10.89M | -4.82M | -4M | -7.34M | -8.5M | -14.63M | -11.41M | -23.11M | -1.56M | -2.97M | -2.19M | -7.68M | -1.71M | -291.24K | -371.2K | -1.16M | -232.27K | -613.27K | -429.07K | -20.11K | -31.43K |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1336.89% | -3247.91% | -2130.21% | -16825.42% | -11642.71% |
| Net Income Growth % | -473.06% | -42.57% | 71.47% | -268.15% | -125.68% | -20.57% | 45.46% | 13.66% | 41.92% | -28.24% | 50.65% | -1379.95% | 47.43% | -35.37% | 71.42% | -348.86% | -487.48% | 21.54% | 67.86% | -397.29% | 62.13% | -42.93% | -2033.96% | 36.03% | - |
| Net Income (Continuing) | -54.37M | -17.98M | -11.9M | -40.31M | -10.89M | -4.82M | -4M | -7.34M | -8.5M | -14.63M | -11.41M | -23.11M | -1.56M | -2.97M | -2.19M | -7.68M | -1.71M | -291.24K | -371.2K | -1.16M | -232.27K | -613.27K | -429.07K | -20.11K | -31.43K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -994K | 838K | 1.53M | 2.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.36 | -0.36 | -0.31 | -1.40 | -0.41 | -0.20 | -0.17 | -0.33 | -0.41 | -0.78 | -0.70 | -1.70 | -0.15 | -0.34 | -0.26 | -1.33 | -0.94 | -0.47 | -0.41 | -1.28 | -0.20 | -0.53 | -0.97 | -0.07 | -0.08 |
| EPS Growth % | -238.74% | -16.13% | 77.86% | -241.46% | -105% | -17.65% | 48.48% | 19.51% | 47.44% | -11.43% | 58.82% | -1033.33% | 55.88% | -30.77% | 80.45% | -41.49% | -100% | -14.63% | 67.97% | -540% | 62.26% | 45.36% | -1337.04% | 18.28% | - |
| EPS (Basic) | - | -0.36 | -0.31 | -1.40 | -0.41 | -0.20 | -0.17 | -0.33 | -0.41 | -0.78 | -0.70 | -1.70 | -0.15 | -0.34 | -0.26 | -1.33 | -0.94 | -0.47 | -0.41 | -1.28 | -0.20 | -0.53 | -0.97 | -0.07 | -0.08 |
| Diluted Shares Outstanding | 136.15M | 45.07M | 34.32M | 28.71M | 26.37M | 24.2M | 23.46M | 22.32M | 20.73M | 18.78M | 16.4M | 13.6M | 10.2M | 8.81M | 8.36M | 5.76M | 1.81M | 616.6K | 903.93K | 903.93K | 1.18M | 1.15M | 443.35K | 297.81K | 380.6K |
| Basic Shares Outstanding | 132.1M | 45.07M | 34.32M | 28.71M | 26.37M | 24.2M | 23.46M | 22.32M | 20.73M | 18.78M | 16.4M | 13.6M | 10.2M | 8.81M | 8.36M | 5.76M | 1.81M | 616.6K | 903.93K | 903.93K | 1.18M | 1.15M | 443.35K | 297.81K | 380.6K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Capital financing gap
As indicated by recent financial filings, NioCorp continues to incur significant quarterly operating expenses, with SG&A costs fluctuating between $0.45 million and $3.2 million over the last ten quarters, reflecting the ongoing administrative and development-stage overhead required to maintain the Elk Creek project's operational viability.
The absence of revenue generation means that every dollar of SG&A directly depletes the company's liquidity runway. Investors should monitor the volatility in these expenses, as the lack of a stable cost baseline complicates projections regarding the company's ability to reach a final investment decision without further equity dilution.
Based on reported quarterly data, NioCorp has increasingly utilized stock-based compensation, reaching $0.825 million in 2026Q3, which suggests a reliance on non-cash incentives to preserve limited cash reserves while simultaneously increasing the potential for future share count dilution for existing equity holders.
The consistent issuance of equity-linked compensation during a pre-revenue phase warrants further investigation into the alignment of management incentives with long-term shareholder value. This practice effectively shifts the burden of operational funding onto shareholders, potentially masking the true economic cost of maintaining the development team.
According to the provided income statement history, the company's recurring operating losses and lack of revenue streams highlight a precarious financial position, where the reliance on external capital markets remains the only mechanism to bridge the multi-billion dollar funding requirement for the Elk Creek facility.
The market's valuation of NioCorp appears to hinge entirely on the successful execution of a massive capital stack, which remains unproven. Any further delays in securing this financing may force the company to accept increasingly punitive terms, which would fundamentally impair the projected returns for current investors.
Quick answers to the most common questions about buying NB stock.
For fiscal year 2025, NioCorp Developments Ltd. (NB) reported total revenue of $0.0M. This represents a 100.0% decline compared to $0.0M in 1999.
NioCorp Developments Ltd. (NB) reported a net loss of $16.3M for the fiscal year ending 2025.