NioCorp Developments Ltd.

NasdaqGM:NB Stock Report

Market Cap: US$735.2m

NioCorp Developments Past Earnings Performance

Past criteria checks 0/6

NioCorp Developments's earnings have been declining at an average annual rate of -31.8%, while the Metals and Mining industry saw earnings declining at 8.4% annually.

Key information

-31.75%

Earnings growth rate

-9.48%

EPS growth rate

Metals and Mining Industry Growth26.40%
Revenue growth raten/a
Return on equity-12.52%
Net Marginn/a
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • Dec 24

NioCorp: With The Trust Of Venture Capitalists In The Vault, Now To The Banks

Summary NioCorp Developments Ltd. is advancing the Elk Creek critical minerals project, with strong financing progress and political tailwinds supporting a bullish outlook. NB has secured $360 million in equity and holds $162.8 million in cash, with EXIM Bank due diligence ongoing for up to $800 million in debt financing. The Elk Creek project’s updated feasibility study underpins a $2.35 billion NPV and projected annual EBITDA of $403 million, with sector-leading resource grades. NB trades at a steep discount to NPV and sector EV/EBITDA multiples, with growing investor confidence and minimal mining risk supporting a buy thesis. Read the full article on Seeking Alpha
Seeking Alpha • Feb 27

NioCorp Developments: I Still Can't Make Their Sums Add Up

Summary NioCorp's revenue hinges on scandium, but their projections of selling at 3-4x current prices and 5x current demand are unrealistic. The current global scandium market is around 15-20 tonnes annually, making NioCorp's forecast of 117 tonnes by 2026 highly improbable. Historical data shows NioCorp's stock price has significantly dropped after previous critiques, indicating ongoing skepticism about their scandium market assumptions. I recommend avoiding investment on NB based on speculative assumptions. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How NioCorp Developments makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:NB Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 260-51260
31 Dec 250-56230
30 Sep 250-56180
30 Jun 250-1680
31 Mar 250-860
31 Dec 240-780
30 Sep 240-980
30 Jun 240-10100
31 Mar 240-13120
31 Dec 230-38110
30 Sep 230-38110
30 Jun 230-39100
31 Mar 230-3880
31 Dec 220-1170
30 Sep 220-1370
30 Jun 220-1160
31 Mar 220-950
31 Dec 210-850
30 Sep 210-540
30 Jun 210-530
31 Mar 210-430
31 Dec 200-430
30 Sep 200-430
30 Jun 200-430
31 Mar 200-530
31 Dec 190-540
30 Sep 190-750
30 Jun 190-750
31 Mar 190-750
31 Dec 180-950
30 Sep 180-840
30 Jun 180-850
31 Mar 180-1170
31 Dec 170-1290
30 Sep 170-14110
30 Jun 170-15120
31 Mar 170-14120
31 Dec 160-12100
30 Sep 160-1180
30 Jun 160-1170
31 Mar 160-26240
31 Dec 150-24230
30 Sep 150-25230

Quality Earnings: NB is currently unprofitable.

Growing Profit Margin: NB is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NB is unprofitable, and losses have increased over the past 5 years at a rate of 31.8% per year.

Accelerating Growth: Unable to compare NB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NB is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (77.8%).

Return on Equity

High ROE: NB has a negative Return on Equity (-12.52%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/19 12:46
End of Day Share Price 2026/05/19 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NioCorp Developments Ltd. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vitaly KononovFreedom Broker
Heiko IhleH.C. Wainwright & Co.
Tate SullivanMaxim Group