NB (NB) financial statements
Net income was -$49M.
Free cash flow was -$37M.
The diluted share count rose 524% over the period (dilution).
Income statement
Fiscal years, from NB's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Selling, general and admin | — | — | — | — | — | — | — | — | $8M | $22M |
| Interest expense | $286,000 | $375,000 | $266,000 | $354,000 | $2M | $3M | $2M | $4M | $48,000 | $0 |
| Pre-tax income | -$15M | -$8M | -$7M | -$4M | -$5M | -$11M | — | -$12M | -$18M | -$51M |
| Income tax | — | — | — | — | — | — | -$304,000 | -$139,000 | $0 | $0 |
| Net income | -$15M | -$8M | -$7M | -$4M | -$5M | -$11M | -$40M | -$12M | -$17M | -$49M |
| EPS (diluted) | $0.80 | $0.40 | $0.30 | $0.20 | $0.20 | — | — | -$0.31 | -$0.36 | -$0.41 |
| Diluted shares | 19M | 21M | 22M | 23M | 24M | 26M | 29M | 34M | 45M | 117M |
Balance sheet
Fiscal years, from NB's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $503,000 | $73,000 | $357,000 | $307,000 | $7M | $5M | $2M | $2M | $26M | $415M |
| Total current assets | $655,000 | $565,000 | $428,000 | $338,000 | $7M | $6M | $4M | $3M | $27M | $419M |
| Property, plant and equipment | $5,000 | — | — | — | $837,000 | $850,000 | $839,000 | $837,000 | $839,000 | $12M |
| Goodwill | — | — | — | — | — | — | — | — | $0 | $2M |
| Total assets | $11M | $11M | $11M | $11M | $24M | $23M | $21M | $20M | $44M | $467M |
| Total current liabilities | $6M | $4M | $5M | $8M | $4M | $5M | $4M | $12M | $2M | $17M |
| Total liabilities | $8M | $8M | $6M | $8M | $11M | $5M | $30M | $18M | $15M | $37M |
| Shareholders' equity | $3M | $3M | $5M | $3M | $13M | $18M | -$11M | $1M | $28M | $431M |
| Net debt | -$238,000 | -$73,000 | -$357,000 | -$307,000 | -$7M | -$5M | -$2M | -$2M | -$26M | -$415M |
Cash flow
Fiscal years, from NB's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$11M | -$6M | -$4M | -$3M | -$5M | -$6M | -$17M | -$12M | -$11M | -$16M |
| Capital spending | — | — | — | — | — | — | — | — | $5,000 | $21M |
| Free cash flow | — | — | — | — | — | — | — | — | -$11M | -$37M |
| Stock-based compensation | $1M | $1M | $604,000 | $153,000 | $797,000 | $2M | $2M | $3M | $789,000 | $4M |
| Net borrowing | $1M | $4M | $1M | $196,000 | $9M | — | -$515,000 | -$2M | $35M | $0 |
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How much free cash flow does NB generate?
-$37M in fiscal 2026 (operating cash flow minus capital spending).
From NB's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.