Norris Industries, Inc. · Oil and gas

NRIS

High riskNext report: Not enough history

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The short version

A company still losing money with steady sales, with elevated risk.

Watch out for

Owes more than it owns (negative equity)
Losing money, losses are large next to sales
Share count growing 6% a year

Money moves

No insider buying or selling in the last 30 days

Facts from SEC filings, not a recommendation.

The business over time

Last 12 quarters, from SEC filings

Sales, Aug '26

$85K+0.7% vs a year earlier

Nov '23Tap a barAug '26

Last 12 months: $284K, down 14% from the 12 months before. Over 5 years, sales grew about 0.4% a year.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

0/5Weak

MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-231.2%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$440K
MissShare count not growingNot diluting owners. Falling means buybacks.+19.1% in 3 years

Revenue: $286K; -13.1% vs prior year
5-year growth: +0.4%/yr; revenue, per year
Total debt: $3.7M
Current ratio: 1.02x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Aug 31, 2026

Revenue: $85K; +0.7% YoY
EPS: $0.00; vs $0.00
Op. margin: -148.3%; -2.3 pts
Free cash flow: -$99K
Share count: 0.0%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.1
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+6.0%

Cash runwayAt last year's cash burn

4 months

Debt to equityLatest balance sheet: debt compared with what owners have

Owes more than it owns

Shares outstandingLatest reported

108M

Why high risk

Losing money, losses are large next to sales
About 4 months of cash left at its current burn
Share count growing 6% a year
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Revenue down 13.1% from the year before
Auditor change
Past financials no longer reliable
Late quarterly report notice

Earnings reports

Last 0

Next reportNot enough history

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Auditor changeFeb 26 · View filing ↗Watch Past financials no longer reliableFeb 18 · View filing ↗Red flag Auditor changeFeb 13 · View filing ↗Watch Late quarterly report noticeJan 15 · View filing ↗Red flag Auditor changeNov 3, 2025 · View filing ↗Watch

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Quarterly reportOct 13 · Form 10-Q ↗Quarterly reportJul 15 · Form 10-Q ↗Annual reportMay 29 · Form 10-K ↗

Returned to companyPatrick L. NorrisChairman, CEO, CFO, Director, 10% owner

1,000,000 shares at $0.08 · $80K

Owns no shares after
Exercise price $0.08
Preferred Stock
Filed 78 days after trade

Feb 26Form 4 ↗

5%+ holder update (active)May 15 · Form SCHEDULE 13D/A ↗Quarterly reportMar 10 · Form 10-Q ↗Other company newsMar 9 · Form 8-K ↗Auditor changeFeb 26 · Form 8-K ↗Current reportFeb 20 · Form 8-K/A ↗Past financials no longer reliableFeb 18 · Form 8-K ↗Auditor changeFeb 13 · Form 8-K ↗Late quarterly report noticeJan 15 · Form NT 10-Q ↗Auditor changeNov 3, 2025 · Form 8-K ↗Quarterly reportOct 14, 2025 · Form 10-Q ↗Quarterly reportJul 15, 2025 · Form 10-Q ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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