Norris Industries Revenue Drops 34% to $54,228 in Q3 FY2026

Norris Industries, Inc., a Nevada-based small business, reported revenue of $54,228 for the three months ending November 30, 2025, down 34% from $81,744 in the same quarter a year earlier. The company posted a net loss of $158,177 for the quarter, compared to a loss of $156,461 in the prior-year period. Read more earnings reports.

For the nine months ending November 30, 2025, total revenue came in at $231,386, down 11% from $259,018 in the year-ago period. The company's net loss for the nine-month period widened to $477,474 from $443,354 a year earlier.

Operating expenses for the quarter totaled $182,361, down 3% from $188,536 in the prior-year quarter. The company reported an operating loss of $128,133 for the three months ending November 30, compared to an operating loss of $106,792 in the same period last year.

For the nine-month period, operating expenses climbed to $622,778 from $584,317 a year earlier, a 7% increase. The operating loss for the nine months widened to $391,392 from $325,299 in the prior-year period.

Interest expense for the quarter totaled $30,044, down from $49,669 in the year-ago quarter. For the nine-month period, interest expense fell to $86,082 from $118,055 a year earlier.

Cash used in operations totaled $396,937 for the nine months ending November 30, compared to $275,254 in the prior-year period. The company reported cash from financing activities of $400,000 for the nine-month period, up from $300,000 a year earlier.

Total assets stood at $335,925 as of November 30, down from $360,335 at the end of the prior fiscal year on February 28, 2025. Current assets increased to $144,307 from $112,850 over the same period, while accounts receivable more than doubled to $55,617 from $27,223.

Total liabilities climbed to $4,919,934 as of November 30 from $4,466,870 at the end of February. The company's stockholders' deficit deepened to $5,334,009 from $4,856,535 over the same period. Retained deficit expanded to $12,351,305 from $11,873,831.

The company had 108,245,688 shares outstanding as of November 30, unchanged from the end of the prior fiscal year. Earnings per share for the quarter and nine-month period were reported at $0.00 per share, rounded from fractional losses.