Forensic Analysis · Utilities · as of Jun 27, 2026
Nano Nuclear Energy Inc. (NNE)
A forensic read on Nano Nuclear Energy Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Clean
Earnings quality
2
Forensic signals
-7.6%
ROE
$1.0B
Market cap
Nano Nuclear Energy Inc. earns a C (Mixed — selective) forensic quality grade. 2 forensic signals were flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+144.6%Accruals ratio. Net operating assets grew +144.6% relative to their average in FY2025 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran behind operating cash by -183% of net operating assets.
+34.7%/yrShare-count dilution. Diluted share count changed +69% over the last 2 years to FY2025 (+34.7%/yr). The count is GROWING — existing holders are being diluted. That's ~34.7% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~69%.
Key fundamentals
Free Cash Flow$-28.1M
Return on Equity-18.0%
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The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Nano Nuclear Energy Inc.:
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🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
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Data from SEC EDGAR public filings · metrics as of Jun 27, 2026. Forensic signals flag probability, not certainty.