Nicola Mining Inc. (NICM) Income Statement
NICM 2025 at a glance
Fiscal year ended December 31, 2025 · Canadian dollarsNICM revenue and net income
Where NICM's revenue goes
2025Each bar shows an amount and its share of revenue. NICM kept −359.9% of revenue as net income.
NICM profit margins
NICM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +36.6% | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NICM income statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | C$1.1M | C$818,157 | C$1.6M | C$0 | C$0 |
| Cost of revenue | C$4.6M | C$2.3M | C$3.1M | C$971,886 | C$1.5M |
| Gross profit | −C$3.5M | −C$1.4M | −C$1.5M | −C$971,886 | −C$1.5M |
| Sales, general & admin | C$4.2M | C$2.1M | C$1.7M | C$894,034 | C$971,999 |
| Total operating expenses | C$3.7M | C$7.5M | C$11.7M | −C$1.7M | C$2.2M |
| Operating income | −C$7.2M | −C$6.7M | −C$10.1M | C$1.7M | −C$2.2M |
| Interest expense | C$322,553 | C$597,227 | C$1.4M | C$1.5M | C$1.4M |
| Income before taxes | −C$4.0M | −C$5.2M | −C$3.4M | −C$201,351 | −C$3.4M |
| Net income | −C$4.0M | −C$5.2M | −C$3.3M | −C$52,832 | −C$3.4M |
| EBITDA | −C$3.3M | −C$4.4M | −C$1.7M | C$1.5M | — |
| Gross margin | −314.2% | −175.9% | −93.9% | — | — |
| Operating margin | −641.4% | −819.8% | −626.1% | — | — |
| Net margin | −359.9% | −639.4% | −205.6% | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$1.1M | C$1.5M | C$657,722 | C$552,682 | C$53,502 | C$6,398 | C$818,157 | C$0 |
| Cost of revenue | C$2.4M | C$1.7M | C$2.2M | C$1.2M | C$733,960 | C$391,359 | −C$420,786 | C$0 |
| Gross profit | −C$1.3M | −C$144,430 | −C$1.5M | −C$614,936 | −C$680,458 | −C$384,961 | C$1.2M | C$0 |
| Sales, general & admin | C$1.0M | C$898,307 | C$3.1M | C$503,660 | C$323,087 | C$271,901 | C$408,522 | C$194,105 |
| Total operating expenses | C$1.8M | C$1.3M | C$2.0M | C$3.0M | C$562,146 | C$1.4M | C$3.2M | C$2.2M |
| Operating income | −C$3.1M | −C$1.4M | −C$3.6M | −C$3.6M | −C$1.2M | −C$1.4M | −C$2.3M | −C$2.2M |
| Interest expense | C$7,788 | C$7,873 | C$38,404 | C$124,580 | C$94,569 | C$136,874 | C$153,098 | C$153,714 |
| Income before taxes | −C$3.0M | −C$1.0M | −C$1.6M | −C$4.0M | C$867,654 | −C$475,808 | −C$210,267 | −C$1.5M |
| Net income | −C$3.0M | −C$1.0M | −C$1.6M | −C$4.0M | C$867,654 | −C$475,808 | −C$210,267 | −C$1.5M |
| EBITDA | −C$2.8M | −C$774,101 | −C$1.5M | −C$3.8M | C$1.1M | — | — | — |
| Gross margin | −122.9% | −9.6% | −234.4% | −111.3% | −1,271.8% | −6,016.9% | 151.4% | — |
| Operating margin | −283.0% | −95.3% | −543.4% | −657.8% | −2,322.5% | −22,361.0% | −286.4% | — |
| Net margin | −273.6% | −67.6% | −247.6% | −722.7% | 1,621.7% | −7,436.8% | −25.7% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in NICM's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NICM financial results
In fiscal year 2025 (ended December 31, 2025), Nicola Mining Inc. reported revenue of C$1.1 million, up 36.6% from the year before. It had a net loss of C$4.0 million, a net profit margin of −359.9%. Figures are in Canadian dollars, the currency of its financial statements.
See the NICM stock overview for the latest quote and news, or the NICM chart for price history and technical indicators.
NICM income statement FAQ
What is Nicola Mining Inc.'s annual revenue?
Nicola Mining Inc. reported total revenue of C$1.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 36.6% from C$0.8 million the previous year.
Is Nicola Mining Inc. profitable?
No. Nicola Mining Inc. reported a net loss of C$4.0 million in fiscal 2025, a net profit margin of −359.9%; its operating margin was −641.4%.
What is Nicola Mining Inc.'s gross margin?
Nicola Mining Inc.'s gross margin was −314.2% in fiscal 2025: for every $100 of revenue, Nicola Mining Inc. kept $-314 after the direct cost of its products and services.
When will Nicola Mining Inc. report its next earnings?
Nicola Mining Inc. is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Nicola Mining Inc.'s fiscal year end?
Nicola Mining Inc.'s fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.