Stock Ratings / Materials / NB / financials

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NioCorp Developments Ltd. (NB) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$3.56 +1.43% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)

NioCorp Developments Ltd. (NB) carries a Roarable Rating of D- (Sell) with 38/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $519.2M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

RQD QUANT TACHOMETERRED ALERT • D-

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NB)Realized 20D OHLCV Swing Band: ±12.5%

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How NB Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $4.00B

FY24

Rev $4.00B

FY25

Rev $4.00B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$4.00B	52%	0%	-$17.4M	-$10.7M	-5.6%
FY 2024	$4.00B	52%	0%	-$11.9M	-$11.7M	-5.6%
FY 2023	$4.00B	52%	0%	-$40.3M	-$17.3M	-5.6%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NB)

✓Walkthrough of NB's RQD Radar, SEC cash-conversion gap & downside invalidation levels
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NB // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -40.37%▼ DESCENDING CHANNEL

2026-10-30O $3.38H $3.56L $3.20C $3.56VOL 2.58M

RES: $4.73SUP: $2.74SMA50: $3.62SMA200: $4.89

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NB Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NB Butterfly Map → + Track NB →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on NB today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NB. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

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DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NB)

Materials Rank #227 of 270 ⚔️ THM vs NB Full Matrix →

1. Head-to-Head Materials Peer Comparison (NB vs. THM, ALOY, WRN, LAR)

Industry: Metal Mining (41 Tracked Issuers)

Across 270 tracked Materials securities in the Roarable RQD universe, NioCorp Developments Ltd. (NB) ranks #227 by composite RQD confidence (38/100, grade D-) and #172 by equity capitalization ($519.2M). Within this direct 5-issuer industry benchmark cohort, THM leads on earnings valuation at 115.1x trailing P/E, while THM leads on capital efficiency and profitability with 8.2% ROIC and — gross margin. LAR currently holds the highest overall quantitative score in the immediate peer group at 50/100 (D) compared with NB at 38/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
NB ACTIVE NioCorp Developments Ltd.	D-	38/100	—	—	-5.6%	+1.43%	$519.2M	Benchmark Subject
THM International Tower Hill Mines Ltd. (Canada)	D-	36/100	115.1x	—	8.2%	-0.97%	$533.7M	/thm-vs-nb →
ALOY REalloys Inc.	D-	35/100	—	48.0%	-8.8%	-2.05%	$499.5M	/aloy-vs-nb →
WRN Western Copper and Gold Corporation	D	49/100	—	—	—	-4.49%	$384.5M	/wrn-vs-nb →
LAR Lithium Argentina AG	D	50/100	—	—	—	-1.98%	$730.2M	/lar-vs-nb →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-06-30 • CIK 0001512228

In its most recent audited fiscal period (FY2025, filed 2025-06-30), NioCorp Developments Ltd. (NB) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of -$17.4M, operating cash flow of -$10.7M, and free cash flow of -$10.7M (+9.1% YoY). On the balance sheet, NB closed FY2025 with $348.0M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 2/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-06-30	$0	-$17.4M	-$10.7M	-$10.7M	$348.0M	—
FY2024 (FY)	2024-06-30	$0	-$11.9M	-$11.7M	-$11.7M	$17.9M	—
FY2023 (FY)	2023-06-30	$0	-$40.3M	-$17.3M	-$17.3M	—	—

3. NB Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NB stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, NioCorp Developments Ltd. (NASDAQ: NB) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 38/100 at a spot price of $3.56 (+1.43% 1D, market cap $519.2M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 3/20. Across 270 tracked Materials issuers, NB ranks #227 in composite RQD confidence.

How does NB compare to THM and ALOY in the Materials sector?

Within the Materials sector (Metal Mining), NB carries a Roarable D- (38/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -5.6%. By comparison, THM (International Tower Hill Mines Ltd. (Canada)) holds a D- grade (36/100 RQD, P/E 115.1x, ROIC 8.2%, cap $533.7M) and ALOY (REalloys Inc.) posts a D- grade (35/100 RQD, P/E N/A, ROIC -8.8%, cap $499.5M). Among the 5-stock peer group, THM leads on earnings multiple (115.1x) while THM leads on capital efficiency (8.2% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NB?

Per NB's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-06-30, CIK 0001512228), NioCorp Developments Ltd. generated $0 in revenue, -$17.4M in net income, and -$10.7M in free cash flow against $348.0M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NB trading relative to its 50-day, 200-day, and 52-week technical levels?

NB last traded at $3.56 (+1.43% on volume of 3,312,162 shares), positioning the stock -1.66% below its 50-day simple moving average ($3.62) and -27.20% below its 200-day simple moving average ($4.89). Across its 52-week range of $2.81 to $8.18, NB sits at the 14.0% percentile with a 14-day RSI of 48.9 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($3.11 to $4.01).