NASDAQ : NICM
Nicola Mining Inc. — Financial statements
Materials · Industrial Materials · Canada
Last price 5 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 98.70M
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Financial statements
Nicola Mining Inc. (NICM) reported revenue of 4.05M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.05M | 1.54M | 818.16K | 1.62M | ||
| Cost of Revenue | 5.81M | 4.39M | 2.26M | 3.14M | 883.16K | 1.44M |
| Gross Profit | -1.76M | -2.86M | -1.44M | -1.52M | -883.16K | -1.44M |
| Selling, General & Admin | 4.62M | 3.63M | 2.97M | 2.49M | 853.77K | 710.23K |
| Other Operating Expenses | -295.05K | -465.54K | -559.92K | 4.33M | 178.67K | 28.50K |
| Operating Expenses | 8.98M | 6.90M | 5.21M | 8.57M | 2.09M | 2.10M |
| Operating Income | -10.74M | -9.76M | -6.65M | -10.09M | -2.98M | -3.54M |
| Interest Expense | -146.22K | -396.21K | -597.23K | -1.44M | -1.47M | -1.39M |
| Currency Exchange Gain (Loss) | 237.96K | -18.43K | -8.51K | 5.00K | -55.25K | -2.40K |
| Other Non Operating Income (Expenses) | 41.86K | 767.53K | 1.92M | 8.12M | -189.94K | 16.11K |
| EBT Excluding Unusual Items | -10.61M | -9.40M | -5.33M | -3.40M | -4.69M | -4.92M |
| Gain (Loss) on Sale of Investments | 372.08K | 3.88M | 103.90K | |||
| Gain (Loss) on Sale of Assets | 4.49M | 1.48M | ||||
| Other Unusual Items | 36.00K | |||||
| Pretax Income | -10.23M | -5.52M | -5.23M | -3.40M | -201.35K | -3.41M |
| Income Tax Expense | -69.21K | -148.52K | ||||
| Net Income | -10.23M | -5.52M | -5.23M | -3.33M | -52.83K | -3.41M |
| Net Income to Common | -10.23M | -5.52M | -5.23M | -3.33M | -52.83K | -3.41M |
| Shares Outstanding (Basic) | 213.41M | 185.97M | 165.38M | 158.36M | 146.33M | 138.48M |
| Shares Outstanding (Diluted) | 213.41M | 185.97M | 165.38M | 158.36M | 146.33M | 138.48M |
| EPS (Basic) | -0.05 | -0.03 | -0.03 | -0.02 | -0.00 | -0.02 |
| EPS (Diluted) | -0.05 | -0.03 | -0.03 | -0.02 | -0.00 | -0.02 |
| Free Cash Flow | -10.74M | -5.75M | -3.76M | 3.82M | 1.67M | -2.74M |
| Free Cash Flow Per Share | -0.05 | -0.03 | -0.02 | 0.02 | 0.01 | -0.02 |
| Gross Margin | -43.43% | -186.16% | -175.87% | -93.85% | ||
| Operating Margin | -265.15% | -635.58% | -812.97% | -623.51% | ||
| Profit Margin | -252.67% | -359.89% | -639.36% | -205.56% | ||
| Free Cash Flow Margin | -265.24% | -374.45% | -460.09% | 236.26% | ||
| EBITDA | -9.90M | -8.92M | -5.96M | -9.57M | -2.51M | -3.31M |
| D&A For EBITDA | 840.80K | 835.84K | 689.82K | 515.06K | 467.96K | 228.63K |
| EBIT | -10.74M | -9.76M | -6.65M | -10.09M | -2.98M | -3.54M |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.20M | 1.70M | 1.46M | 4.76M | 895.77K | 916.29K |
| Short-Term Investments | 1.25M | 4.25M | 1.08M | |||
| Cash & Short-Term Investments | 11.46M | 5.95M | 2.54M | 4.76M | 895.77K | 916.29K |
| Other Receivables | 1.42M | 846.93K | 670.56K | 566.71K | 1.20M | 734.87K |
| Receivables | 1.42M | 846.93K | 670.56K | 566.71K | 1.20M | 734.87K |
| Prepaid Expenses | 802.97K | 352.60K | 223.43K | 123.04K | 11.88K | 93.92K |
| Total Current Assets | 13.68M | 7.15M | 3.43M | 5.45M | 2.11M | 1.75M |
| Property, Plant & Equipment | 7.37M | 5.96M | 5.79M | 5.50M | 15.25M | 9.41M |
| Other Long-Term Assets | 1.69M | 1.44M | 1.44M | 1.28M | 1.23M | 1.21M |
| Total Assets | 22.73M | 14.55M | 10.66M | 12.22M | 18.58M | 12.36M |
| Accounts Payable | 1.48M | 2.57M | 1.60M | 682.21K | 560.28K | 569.85K |
| Short-Term Debt | 718.92K | 12.04K | ||||
| Current Portion of Long-Term Debt | 4.48M | 617.33K | 6.43M | |||
| Current Portion of Leases | 156.48K | 104.71K | 26.17K | 16.35K | 20.63K | 17.55K |
| Current Unearned Revenue | 414.32K | 102.52K | 29.42K | |||
| Other Current Liabilities | 230.56K | 18.31K | ||||
| Total Current Liabilities | 1.64M | 4.04M | 6.23M | 698.56K | 1.24M | 7.02M |
| Long-Term Debt | 4.24M | 5.07M | 555.72K | |||
| Long-Term Leases | 246.48K | 107.39K | 28.43K | 16.38K | 37.56K | |
| Other Long-Term Liabilities | 14.07M | 13.75M | 14.22M | 14.51M | 10.18M | 3.91M |
| Total Liabilities | 15.95M | 17.90M | 20.47M | 19.44M | 16.51M | 11.52M |
| Common Stock | 111.94M | 98.32M | 87.78M | 85.89M | 82.92M | 82.35M |
| Additional Paid-In Capital | 11.59M | 11.12M | 9.49M | 8.74M | 8.22M | 7.91M |
| Retained Earnings | -118.49M | -114.48M | -111.45M | -106.22M | -93.32M | -93.27M |
| Comprehensive Income & Other | 1.74M | 1.69M | 4.35M | 4.37M | 4.25M | 3.85M |
| Shareholders' Equity | 6.78M | -3.35M | -9.81M | -7.22M | 2.08M | 841.42K |
| Total Liabilities & Equity | 22.73M | 14.55M | 10.66M | 12.22M | 18.58M | 12.36M |
| Total Debt | 402.95K | 931.01K | 4.54M | 4.25M | 5.74M | 7.04M |
| Net Cash (Debt) | 11.05M | 5.02M | -2.00M | 502.92K | -4.84M | -6.12M |
| Net Cash Per Share | 0.05 | 0.03 | -0.01 | 0.00 | -0.03 | -0.04 |
| Filing Date Shares Outstanding | 229.53M | 229.53M | 169.92M | 166.68M | 157.70M | 145.88M |
| Total Common Shares Outstanding | 229.53M | 210.61M | 169.92M | 161.18M | 149.04M | 145.68M |
| Working Capital | 12.04M | 3.11M | -2.79M | 4.75M | 866.97K | -5.27M |
| Book Value Per Share | 0.03 | -0.02 | -0.06 | -0.04 | 0.01 | 0.01 |
| Tangible Book Value | 6.78M | -3.35M | -9.81M | -7.22M | 2.08M | 841.42K |
| Tangible Book Value Per Share | 0.03 | -0.02 | -0.06 | -0.04 | 0.01 | 0.01 |
| Land | 4.18M | 4.18M | 4.18M | 4.18M | 11.95M | 7.76M |
| Machinery | 4.14M | 3.07M | 2.89M | 2.44M | 4.20M | 2.15M |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -10.23M | -5.52M | -5.23M | -3.33M | -52.83K | -3.41M |
| Depreciation & Amortization | 840.80K | 835.84K | 689.82K | 533.89K | 486.79K | 247.46K |
| Loss (Gain) From Sale of Assets | -77.75K | |||||
| Loss (Gain) From Sale of Investments | -372.08K | -3.88M | -103.90K | |||
| Stock-Based Compensation | 2.82M | 2.46M | 756.78K | 679.77K | 311.49K | 499.01K |
| Other Operating Activities | -607.48K | -616.21K | -152.74K | 5.34M | 1.38M | 1.26M |
| Change in Accounts Receivable | -1.02M | -176.37K | -103.85K | 632.30K | -464.14K | -633.99K |
| Change in Accounts Payable | -103.39K | 1.04M | 933.91K | 121.92K | -9.56K | -65.98K |
| Change in Unearned Revenue | 414.32K | |||||
| Change in Other Net Operating Assets | -486.87K | -129.17K | -100.39K | -111.16K | 82.04K | -41.26K |
| Operating Cash Flow | -9.17M | -5.57M | -3.31M | 3.87M | 1.73M | -2.22M |
| Capital Expenditures | -1.58M | -179.49K | -452.99K | -48.35K | -59.50K | -520.89K |
| Sale of Property, Plant & Equipment | 144.00K | |||||
| Investment in Securities | 3.37M | 700.93K | -972.25K | |||
| Other Investing Activities | -251.00K | -162.00K | -40.34K | -16.15K | 40.01K | |
| Investing Cash Flow | 1.55M | 521.44K | -1.59M | -88.70K | -75.65K | -336.87K |
| Short-Term Debt Issued | 974.33K | 310.25K | ||||
| Long-Term Debt Issued | 690.45K | |||||
| Total Debt Issued | 690.45K | 690.45K | 974.33K | 310.25K | ||
| Short-Term Debt Repaid | -6.98K | -1.03M | -310.25K | |||
| Long-Term Debt Repaid | -79.37K | -31.98K | -1.21M | -1.46M | -67.98K | |
| Lease Payments | -181.24K | -79.37K | -31.98K | -24.24K | -24.24K | -24.24K |
| Total Debt Repaid | -908.31K | -79.37K | -31.98K | -1.22M | -2.49M | -378.22K |
| Net Debt Issued (Repaid) | -217.87K | 611.08K | -31.98K | -1.22M | -1.51M | -67.98K |
| Issuance of Common Stock | 18.50M | 4.92M | 1.81M | 2.21M | 550.20K | 2.73M |
| Other Financing Activities | -1.31M | -252.28K | -178.40K | -914.64K | -714.93K | -14.56K |
| Financing Cash Flow | 16.98M | 5.28M | 1.60M | 78.20K | -1.68M | 2.65M |
| Net Cash Flow | 9.35M | 236.18K | -3.29M | 3.86M | -20.51K | 91.58K |
| Free Cash Flow | -10.74M | -5.75M | -3.76M | 3.82M | 1.67M | -2.74M |
| Free Cash Flow Margin | -265.24% | -374.45% | -460.09% | 236.26% | ||
| Free Cash Flow Per Share | -0.05 | -0.03 | -0.02 | 0.02 | 0.01 | -0.02 |
| Levered Free Cash Flow | -6.33M | -2.03M | -2.70M | -5.45M | -2.40M | -3.73M |
| Unlevered Free Cash Flow | -6.24M | -1.79M | -2.33M | -4.55M | -1.48M | -2.86M |
| Free Cash Flow After Leases | -10.93M | -5.83M | -3.80M | 3.80M | 1.65M | -2.77M |
| Cash Interest Paid | 33.00K | 565.05K | 688.95K | 14.56K | ||
| Change in Working Capital | -1.61M | 1.15M | 729.68K | 643.06K | -391.66K | -741.22K |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 97.71M | 148.29M | 34.11M | 34.64M | 24.23M | 19.57M |
| Enterprise Value | 89.79M | 144.52M | 35.69M | 34.65M | 29.39M | 25.05M |
| PS Ratio | 34.60 | 132.45 | 60.00 | 28.28 | ||
| PB Ratio | 20.67 | -60.70 | -5.00 | -6.34 | 15.80 | 29.43 |
| P/TBV Ratio | 20.67 | 15.80 | 29.43 | |||
| P/FCF Ratio | 11.97 | 19.58 | ||||
| P/OCF Ratio | 11.82 | 18.91 | ||||
| EV/Sales Ratio | 31.83 | 129.08 | 62.77 | 28.28 | ||
| EV/FCF Ratio | 11.97 | 23.76 | ||||
| Debt / Equity Ratio | 0.06 | -0.28 | -0.46 | -0.59 | 2.77 | 8.37 |
| Debt / FCF Ratio | 1.11 | 3.43 | ||||
| Net Debt / Equity Ratio | -1.63 | 1.50 | -0.20 | 0.07 | 2.33 | 7.28 |
| Net Debt / EBITDA Ratio | 1.12 | 0.56 | -0.34 | 0.05 | -1.93 | -1.85 |
| Net Debt / FCF Ratio | 1.03 | 0.87 | -0.53 | -0.13 | 2.89 | -2.23 |
| Asset Turnover | 0.23 | 0.12 | 0.07 | 0.10 | ||
| Quick Ratio | 7.85 | 1.68 | 0.52 | 7.62 | 1.69 | 0.23 |
| Current Ratio | 8.34 | 1.77 | 0.55 | 7.80 | 1.70 | 0.25 |
| Return on Equity (ROE) | -3.62% | -654.69% | ||||
| Return on Assets (ROA) | -37.71% | -48.38% | -36.33% | -40.94% | -12.02% | -18.68% |
| Return on Capital Employed (ROCE) | -50.90% | -92.80% | -150.00% | -87.50% | -17.20% | -66.30% |
| Earnings Yield | -8.79% | -2.72% | -10.66% | -7.27% | -0.16% | -13.75% |
| FCF Yield | -7.79% | -2.83% | -7.67% | 8.36% | 5.11% | -11.07% |
| Buyback Yield / Dilution | -24.29% | -12.45% | -4.43% | -8.22% | -5.67% | -10.96% |