Norris Industries $NRIS Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up Norris Industries, Inc. ($NRIS). Last filing: 10-Q, 2026-07-15. 5 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-02-26. Non-reliance (8-K Item 4.02) filed 2026-02-18.
🔖 Exposure: revenue $286K (FY2026). Experience: revenue down 13.1% on the year, down 10.8% a year over 4 years; operating margin -190.3%, down from -139.0%. Soundness: equity -1920.7% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $112K and $504K next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $101K to $561K. A statistical range, not company guidance. Against peers (45 filers, $50M+ revenue, crude petroleum & natural gas): operating margin -190.3% against a 16.8% median; growth -13.1% against 7.8%.
Cash
| Cash flow (op · inv · fin · free) | −$0M · — · $0M · — |
The figures, as filed
| Fiscal year end | 2026-02-28 |
| Revenue | $0M |
| Revenue, on the year | −13.1% |
| Revenue, a year over the record | −10.8% |
| Operating margin | −190.3% |
| Operating margin, prior year | −139.0% |
| Net margin | −231.2% |
| Research and development | not filed separately |
| Total debt | — |
| Equity of assets | −1920.7% |
| Return on equity | — |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $-0.01 |
| Book value per share | $-0.04 |
| Revenue per share | $0.00 |
| Shares outstanding | 108,245,688 |
| Audited years read | 5 |
Peers: the median of 45 filers with $50M+ revenue in crude petroleum & natural gas.
Health HarborNorris Industries sails as: Rotting at the dock
Health watch · 12 monthsEarlier statements no longer to be relied onLate quarterly report noticeAuditor change ×3
Tied up at the dock.
🌊 Visit the Bay →- filed earlier statements no longer to be relied on, late quarterly report notice, auditor change in the last 12 months
- liabilities exceed assets (often from years of share buybacks, not always distress)
- operating cash flow was negative (-$440K in FY2026)
- revenue is hard to predict: its 80% range is ±64%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 10-Q · 2026-07-15
- 10-K · 2026-05-29
- 10-Q · 2026-03-10
- 8-K · 2026-03-09 · 8.01 Other Events
- 8-K · 2026-02-26 · 4.01 Changes in Registrant's Certifying Accountant
- 8-K · 2026-02-18 · 4.02 Non-Reliance on Previously Issued Financial Statements; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company