Nicola Mining Inc.
NICM Nasdaq· Metal Mining
Last close · Nov 9, 2026
$5.12
Key numbers, fiscal 2025
Market cap
$952M
P/E
—
Revenue
$1.1M
Net income
−$4.0M
Free cash flow
−$4.1M
Operating margin
−641.4%
Nicola Mining Inc. in 30 seconds fiscal 2025
Are shareholders being diluted?
+12.5%
A lot. The share count rose 12.5% last year, so each share owns noticeably less.
Does it make a profit?
—
Not yet. It has no meaningful sales yet, so losses are expected at this stage.
How long would its cash last?
0.3 yrs
Not long. It burns $4.1M a year and holds $1.2M, under a year at that pace, so it may need new money soon.
How healthy are the accounts?
4 / 8
It passes 4 of 8 health tests, but most of them need sales, so the score says little before revenue starts.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Nicola Mining Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F · Apr 27, 2026
- Legal name
- NICOLA MINING INC.
- CIK
- 0001526475
Nicola Mining Inc. · NICM · stoqly.net
Results and finances
The last 2 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY24 | FY25 |
|---|---|---|
| Sales and profit | ||
| Revenue | $0.6M | $1.1M |
| Revenue growth | — | 83.9% |
| Gross margin | −175.9% | −99.5% |
| Operating margin | −819.9% | −641.4% |
| Net income | −$3.8M | −$4.0M |
| Net margin | −639.4% | −359.9% |
| Diluted EPS | −$0.02 | −$0.02 |
| Cash | ||
| Cash from operations | −$2.4M | −$4.0M |
| Capital expenditure | $0.3M | $0.1M |
| Free cash flow | −$2.7M | −$4.1M |
| FCF margin | −460.1% | −374.4% |
| Share count change | — | 12.5% |
| Debt and strength | ||
| Cash and short-term investments | $1.0M | $1.2M |
| Shareholders' equity | −$6.8M | −$2.4M |
| Current ratio | 0.6x | 1.8x |
| Interest coverage | −11.3x | −22.2x |
| Returns and quality | ||
| Piotroski F-score | — | 4 |
| Altman Z'' | −40.7 | −28.9 |
Insider trades 12 months
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Nicola Mining Inc. · NICM · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001526475). Latest version: stoqly.net/companies/nicm. Data updated November 3, 2026. Filed in CAD under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.