The as-cast ingot of equiatomic nickel-titanium shape memory alloy (NiTi SMA) was prepared by vacuum consumable arc melting. The tensile tests and the compressive tests with respect to as-cast NiTi SMA were performed to study its mechanical properties of fracture. The microanalysis of as-cast NiTi SMA as well as its fractured samples was performed so as to better understand microstructure evolution and fracture behavior of NiTi SMA. Under tensile loading, the as-cast NiTi SMA shows higher plasticity and is characterized by ductile fracture at 750℃, but it demonstrates poorer plasticity and is characterized by cleavage fracture as well as transcrystalline fracture at room temperature and -100 ℃. Under compressive loading at -100 ~C, the as-cast NiTi SMA is characterized by shear fracture where the normal to the shearing fracture surface inclines about 45° to the compressive axis, and belongs to cleavage fracture where the cracks exoand via transcrvstalline fracture.