Norris Industries, Inc.
NRISOTCEnergy · Crude Petroleum & Natural Gas · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|---|
| Revenue | $286,086 | $329,334 | $329,610 | $526,447 | $452,291 | $280,160 |
| Operating income | −$544,280 | −$418,369 | −$516,373 | −$388,603 | −$391,955 | −$1.0M |
| Net income | −$661,431 | −$561,574 | −$643,335 | −$504,980 | −$498,947 | −$1.1M |
| Total assets | $252,449 | $360,335 | $457,738 | $338,131 | $387,068 | $414,371 |
| Total liabilities | $5.1M | $4.5M | $5.4M | $4.6M | $4.2M | $3.7M |
| Equity | −$4.8M | −$4.1M | −$4.9M | −$4.3M | −$3.8M | −$3.3M |
| EPS (diluted) | $-0.01 | $-0.01 | $-0.01 | $-0.01 | $-0.01 | $-0.01 |
| Shares out. | 108.2M | 108.2M | 90.9M | 90.9M | 90.9M | 90.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2026- Operating margin
- −190.3%
- Net margin
- −231.2%
- Return on equity
- 13.6%
- Return on assets
- −262.0%
- Return on capital (ROCE)
- −2241.1%
- Liabilities / assets
- 2020.7%
- Debt / equity
- —
- Book value / share
- $-0.04
- Revenue growth (YoY)
- −13.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2026- Altman Z″ (distress)
- -182.53distress
- Accruals / assets
- −87.6%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 5 warning● 1 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Jan 15, 2026
- NT 10-Kmissed a reporting deadline ↗May 31, 2022
- NT 10-Qmissed a reporting deadline ↗Oct 15, 2021
- NT 10-Kmissed a reporting deadline ↗May 29, 2020
- NT 10-Kmissed a reporting deadline ↗May 29, 2019
- NT 10-Qmissed a reporting deadline ↗Jan 11, 2019
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Feb 13, 2026 | 25 | 1.0 | 0.0% |
| Jan 30, 2026 | 25 | 1.3 | 0.0% |
| Jan 15, 2026 | 25 | 1.0 | 0.0% |
| Dec 31, 2025 | 25 | 1.0 | 0.0% |
| Dec 15, 2025 | 25 | 1.0 | 0.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Other material eventMar 9, 2026
- Changed auditorFeb 26, 2026
- Prior financials not reliable (restatement)Feb 18, 2026
- Changed auditorFeb 13, 2026
- Changed auditorNov 3, 2025
- Changed auditorJun 16, 2021
- Changed auditorOct 9, 2018
- Unregistered equity sale · Amended charter or bylaws · Other material eventFeb 26, 2018
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.