Influence of thermomechanical treatment (deformation, thermal cycling treatment in the temperature range of martensitic transformations B2-B19’) on the TiNi alloys’ mechanical behaviour and fracture was studied. Different states were considered, they are initial coarse-grained (CG), ultrafine-grained (UFG) after ECAP (with a grain size of 200 nm), the state after ECAP and cold upsetting by 30% - UFG state with high dislocation density. It was shown that thermal cycling causes some increase in dislocation density, strength and microhardness in all the states. Thermal cycling of UFG alloys allows forming the states with non-equilibrium grain boundaries, with additional dislocations of “phase hardening”. The nature of the fracture was analysed in the TiNi alloy in various states.