Norris Industries, Inc.

NRISdata completeness 63%12 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own

Figure	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Revenue	$452,291¹	$526,447²	$329,610³	$329,334⁴	$286,086⁴
Net income	−$498,947⁵	−$504,980⁶	−$643,335⁷	−$601,076⁸	−$661,431⁸
Operating cash flow	−$421,062⁹	−$287,838¹⁰	−$397,514¹¹	−$368,590¹²	−$440,251¹²
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	—	—	—	—	—
Diluted shares	90.9M	90.9M	90.9M	95.7M	108.2M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$0.45

your share of equity

Profit it earned you last year

−$0.06

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.45 of net worth that earned you −$0.06 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

+19% shares · 5y

Share count is up 19% over 5 years — owners have been diluted. Worth asking what they got for it.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts