Nextpower (NXT) Financials

$127.12 -7.36 (-5.47%)

Closing price 04:00 PM Eastern

Extended Trading

$129.32 +2.20 (+1.73%)

As of 07:58 PM Eastern

Annual Income Statements for Nextpower

This table shows Nextpower's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	1.14	306	509
Consolidated Net Income / (Loss)	124	51	121	496	517
Net Income / (Loss) Continuing Operations	124	51	121	496	517
Total Pre-Tax Income	158	65	169	608	648
Total Operating Income	159	66	168	587	639
Total Gross Profit	232	147	287	813	1,009
Total Revenue	1,196	1,458	1,902	2,500	2,959
Operating Revenue	1,196	1,458	1,902	2,500	2,959
Total Cost of Revenue	964	1,311	1,615	1,687	1,950
Operating Cost of Revenue	964	1,311	1,615	1,687	1,950
Total Operating Expenses	73	81	118	226	370
Selling, General & Admin Expense	60	67	97	184	290
Research & Development Expense	13	14	22	42	79
Total Other Income / (Expense), net	-0.50	-0.80	0.60	21	8.90
Interest & Investment Income	-0.50	-0.03	-1.83	-14	-13
Other Income / (Expense), net	-	-0.77	2.43	35	22
Income Tax Expense	34	14	48	112	131
Other Adjustments to Consolidated Net Income / (Loss)	-	-	-	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	2.45	190	8.08
Basic Earnings per Share	$0.00	$0.00	$0.02	$3.97	$3.55
Weighted Average Basic Shares Outstanding	0.00	0.00	45.89M	77.07M	143.54M
Diluted Earnings per Share	$0.00	$0.00	$0.02	$3.37	$3.47
Weighted Average Diluted Shares Outstanding	0.00	0.00	145.85M	147.28M	149.28M
Weighted Average Basic & Diluted Shares Outstanding	-	-	144.09M	145.15M	146.26M

This table shows Nextpower's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/29/2023	12/31/2023	3/31/2024	6/28/2024	9/27/2024	12/31/2024	3/31/2025	6/27/2025	9/26/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	20	39	41	205	122	115	115	157	157	147	131
Consolidated Net Income / (Loss)	64	81	128	223	125	117	117	158	157	147	131
Net Income / (Loss) Continuing Operations	64	81	128	223	125	117	117	158	157	147	131
Total Pre-Tax Income	73	85	167	283	152	137	160	199	191	183	180
Total Operating Income	74	94	148	271	160	133	150	195	186	181	176
Total Gross Profit	114	149	210	340	237	225	241	306	282	293	288
Total Revenue	480	573	710	737	720	636	679	924	864	905	909
Operating Revenue	480	573	710	737	720	636	679	924	864	905	909
Total Cost of Revenue	366	424	501	396	482	411	438	619	583	612	621
Operating Cost of Revenue	366	424	501	396	482	411	438	619	583	612	621
Total Operating Expenses	40	55	61	70	77	91	91	110	95	112	112
Selling, General & Admin Expense	34	48	48	53	61	72	71	87	74	85	83
Research & Development Expense	5.63	7.15	13	17	17	19	20	24	22	27	29
Total Other Income / (Expense), net	-1.13	-8.68	18	12	-8.15	3.72	9.98	3.36	4.74	1.38	4.39
Interest & Investment Income	-3.10	-3.65	-3.23	-22	-3.28	-3.67	-3.80	-2.35	-1.22	-0.73	-0.34
Other Income / (Expense), net	1.97	-5.04	22	-	-4.87	7.38	14	5.71	5.95	2.11	4.73
Income Tax Expense	9.10	4.00	39	60	27	20	43	41	34	36	49
Net Income / (Loss) Attributable to Noncontrolling Interest	43	42	87	18	3.09	1.87	2.09	1.02	0.00	0.00	0.00
Basic Earnings per Share	$0.44	$0.64	$0.67	$2.22	$0.86	$0.80	$0.80	$1.09	$1.06	$0.99	$0.88
Weighted Average Basic Shares Outstanding	46.41M	61.72M	62.11M	77.07M	142.10M	143.48M	143.66M	143.54M	147.63M	148.03M	148.41M
Diluted Earnings per Share	$0.43	$0.55	$0.87	$1.52	$0.84	$0.79	$0.79	$1.05	$1.04	$0.97	$0.85
Weighted Average Diluted Shares Outstanding	146.87M	147.14M	147.34M	147.28M	149.23M	149.08M	149.03M	149.28M	150.90M	152.02M	153.92M
Weighted Average Basic & Diluted Shares Outstanding	61.99M	62.10M	136.54M	145.15M	145.35M	145.55M	145.62M	146.26M	147.96M	148.39M	148.48M

This table details how cash moves in and out of Nextpower's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Change in Cash & Equivalents	188	-162	101	344	292
Net Cash From Operating Activities	94	-147	108	429	656
Net Cash From Continuing Operating Activities	94	-147	108	429	656
Net Income / (Loss) Continuing Operations	124	51	121	496	517
Consolidated Net Income / (Loss)	124	51	121	496	517
Depreciation Expense	17	11	4.63	4.36	13
Amortization Expense	-	-	0.14	0.57	1.82
Non-Cash Adjustments To Reconcile Net Income	8.21	-142	28	-41	124
Changes in Operating Assets and Liabilities, net	-55	-67	-46	-32	-1.00
Net Cash From Investing Activities	-2.96	-5.75	-3.16	-6.66	-186
Net Cash From Continuing Investing Activities	-2.96	-5.75	-3.16	-6.66	-186
Purchase of Property, Plant & Equipment	-2.46	-5.92	-3.18	-6.16	-34
Acquisitions	-0.50	0.00	0.00	-0.50	-152
Sale of Property, Plant & Equipment	0.00	0.17	0.02	0.00	0.00
Net Cash From Financing Activities	96	-8.66	-3.57	-78	-178
Net Cash From Continuing Financing Activities	96	-8.66	-3.57	-78	-178
Repayment of Debt	0.00	0.00	-23	-3.05	-156
Repurchase of Common Equity	-	0.00	-694	-552	0.00
Payment of Dividends	-331	0.00	-175	-67	-6.11
Issuance of Debt	0.00	0.00	170	0.00	0.00
Issuance of Common Equity	0.00	0.00	694	552	0.00
Other Financing Activities, net	428	-8.66	24	-8.34	-16

This table details how cash moves in and out of Nextpower's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/29/2023	12/31/2023	3/31/2024	6/28/2024	9/27/2024	12/31/2024	3/31/2025	6/27/2025	9/26/2025	12/31/2025
Net Change in Cash & Equivalents	225	18	-5.10	106	-2.18	90	132	73	-23	102	107
Net Cash From Operating Activities	226	27	65	111	121	154	144	237	81	187	123
Net Cash From Continuing Operating Activities	226	27	65	111	121	154	146	236	81	187	123
Net Income / (Loss) Continuing Operations	64	81	128	223	125	117	117	158	157	147	131
Consolidated Net Income / (Loss)	64	81	128	223	125	117	117	158	157	147	131
Depreciation Expense	1.05	0.97	1.12	1.23	0.94	2.94	4.42	5.11	5.79	7.36	8.44
Changes in Operating Assets and Liabilities, net	161	-55	-64	-73	-4.89	34	22	-52	-82	33	-16
Net Cash From Investing Activities	-0.69	-0.71	-2.44	-2.81	-113	-47	-8.94	-18	-98	-44	-16
Net Cash From Continuing Investing Activities	-0.69	-0.71	-2.44	-2.81	-113	-47	-8.94	-18	-98	-44	-16
Purchase of Property, Plant & Equipment	-0.69	-0.71	-2.44	-2.31	-2.89	-12	-8.94	-10	-11	-15	-4.73
Acquisitions	0.00	-	-	-	-110	-35	-	-7.50	-87	-29	-8.32
Net Cash From Financing Activities	0.00	-8.36	-67	-2.45	-9.97	-17	-3.24	-147	-5.95	-40	-0.20
Net Cash From Continuing Financing Activities	0.00	-8.36	-67	-2.45	-9.97	-17	-3.24	-147	-5.95	-40	-0.20
Other Financing Activities, net	-	-	-	-	0.00	-	-	-	-2.94	-38	-0.20

This table presents Nextpower's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	3/31/2022	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Total Assets	1,017	1,017	1,420	2,519	3,193
Total Current Assets	714	714	872	1,768	2,158
Cash & Equivalents	29	29	130	474	766
Accounts Receivable	168	168	271	383	472
Inventories, net	172	172	138	202	209
Other Current Assets	344	344	333	710	710
Plant, Property, & Equipment, net	7.42	7.42	7.26	9.24	60
Total Noncurrent Assets	296	296	540	741	974
Goodwill	265	265	265	265	371
Intangible Assets	2.53	2.53	1.32	1.55	53
Noncurrent Deferred & Refundable Income Taxes	-	28	274	438	499
Other Noncurrent Operating Assets	28	-	-	36	51
Total Liabilities & Shareholders' Equity	1,017	1,017	1,420	2,519	3,193
Total Liabilities	516	516	935	1,527	1,564
Total Current Liabilities	473	473	507	891	1,034
Accounts Payable	306	306	211	457	585
Accrued Expenses	26	26	60	82	97
Current Deferred Revenue	78	78	176	226	247
Other Current Liabilities	63	63	60	123	104
Total Noncurrent Liabilities	43	43	427	635	531
Noncurrent Deferred Revenue	-	-	-	69	97
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	392	395
Other Noncurrent Operating Liabilities	43	43	280	30	39
Commitments & Contingencies	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-3.04	0.00	-3,076	992	1,628
Total Preferred & Common Equity	-3.04	0.00	-3,076	961	1,628
Total Common Equity	-3.04	0.00	-3,076	961	1,628
Common Stock	0.00	0.00	0.02	4,028	4,186
Retained Earnings	-	0.00	-3,076	-3,067	-2,557
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	0.02	-0.30

This table presents Nextpower's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2022	6/30/2023	9/29/2023	12/31/2023	6/28/2024	9/27/2024	12/31/2024	6/27/2025	9/26/2025	12/31/2025
Total Assets	1,260	1,657	2,034	2,095	2,627	2,769	2,984	3,390	3,669	3,800
Total Current Assets	954	1,117	1,339	1,419	1,697	1,785	1,995	2,233	2,439	2,560
Cash & Equivalents	100	355	373	368	472	562	694	743	845	953
Accounts Receivable	286	223	347	365	402	358	458	554	549	452
Inventories, net	251	137	196	203	166	179	217	227	221	275
Other Current Assets	317	402	423	483	658	686	626	709	823	879
Plant, Property, & Equipment, net	7.91	6.91	7.46	8.37	35	47	48	72	85	85
Total Noncurrent Assets	297	533	687	668	894	937	941	1,085	1,145	1,156
Goodwill	265	265	265	265	328	371	371	445	474	485
Intangible Assets	1.38	1.26	1.20	1.63	46	49	48	69	82	81
Noncurrent Deferred & Refundable Income Taxes	-	267	421	401	463	472	472	511	514	518
Other Noncurrent Operating Assets	31	-	-	-	56	44	51	59	76	72
Total Liabilities & Shareholders' Equity	1,260	1,657	2,034	2,095	2,627	2,769	2,984	3,390	3,669	3,800
Total Liabilities	641	1,100	1,358	1,344	1,490	1,486	1,559	1,583	1,683	1,649
Total Current Liabilities	605	676	772	759	803	806	905	1,032	1,120	1,085
Accounts Payable	353	293	403	375	387	407	377	581	554	560
Accrued Expenses	44	57	67	70	69	77	73	86	104	107
Current Deferred Revenue	173	251	236	180	219	237	297	262	372	322
Other Current Liabilities	35	74	66	134	123	80	151	103	90	96
Total Noncurrent Liabilities	36	424	586	584	687	680	654	551	563	564
Noncurrent Deferred Revenue	-	-	-	-	-	-	-	101	99	98
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	399	399	375	392	372	371
Other Noncurrent Operating Liabilities	36	276	441	439	146	141	140	57	92	96
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	96	-3,352	-2,641	-3,117	1,137	1,282	1,425	1,807	1,986	2,151
Total Preferred & Common Equity	96	-3,352	-2,641	-3,117	1,121	1,266	1,407	1,807	1,986	2,151
Total Common Equity	96	-3,352	-2,641	-3,117	1,121	1,266	1,407	1,807	1,986	2,151
Common Stock	0.00	0.02	672	155	4,067	4,097	4,122	4,208	4,240	4,274
Retained Earnings	-	-3,352	-3,313	-3,272	-2,945	-2,829	-2,714	-2,400	-2,253	-2,122
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-0.52	-1.19	-1.20	-0.78	-0.74	-0.66

This table displays calculated financial ratios and metrics derived from Nextpower's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	21.91%	30.50%	31.42%	18.38%
EBITDA Growth	0.00%	-56.49%	130.10%	256.71%	7.91%
EBIT Growth	0.00%	-58.91%	162.37%	263.81%	6.32%
NOPAT Growth	0.00%	-58.68%	134.59%	296.33%	6.46%
Net Income Growth	0.00%	-59.06%	138.31%	308.97%	4.24%
EPS Growth	0.00%	0.00%	0.00%	16,750.00%	2.97%
Operating Cash Flow Growth	0.00%	-256.05%	173.19%	298.42%	52.88%
Free Cash Flow Firm Growth	0.00%	0.00%	76.51%	250.93%	-0.53%
Invested Capital Growth	0.00%	0.00%	6.34%	31.86%	29.49%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	6.78%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-10.60%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-11.50%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-10.24%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-11.22%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-11.93%
Operating Cash Flow Q/Q Growth	0.00%	-154.01%	0.00%	0.00%	23.74%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-1.68%
Profitability Metrics	-	-	-	-	-
Gross Margin	19.40%	10.09%	15.09%	32.52%	34.09%
EBITDA Margin	14.67%	5.23%	9.23%	25.05%	22.86%
Operating Margin	13.26%	4.52%	8.86%	23.49%	21.60%
EBIT Margin	13.26%	4.47%	8.99%	24.87%	22.34%
Profit (Net Income) Margin	10.40%	3.49%	6.38%	19.85%	17.48%
Tax Burden Percent	78.69%	78.20%	71.76%	81.61%	79.82%
Interest Burden Percent	99.68%	99.95%	98.93%	97.78%	98.02%
Effective Tax Rate	21.31%	21.80%	28.24%	18.39%	20.18%
Return on Invested Capital (ROIC)	26.43%	10.92%	24.82%	82.34%	66.78%
ROIC Less NNEP Spread (ROIC-NNEP)	27.78%	12.96%	19.09%	71.45%	65.48%
Return on Net Nonoperating Assets (RNNOA)	-1.61%	-0.79%	-0.29%	-15.14%	-27.30%
Return on Equity (ROE)	24.81%	10.13%	24.54%	67.20%	39.48%
Cash Return on Invested Capital (CROIC)	0.00%	10.92%	18.68%	54.85%	41.08%
Operating Return on Assets (OROA)	15.58%	6.40%	14.03%	31.58%	23.15%
Return on Assets (ROA)	12.22%	5.00%	9.96%	25.20%	18.11%
Return on Common Equity (ROCE)	-0.15%	-0.03%	-76.30%	-96.22%	39.01%
Return on Equity Simple (ROE_SIMPLE)	-4,097.13%	0.00%	-3.94%	51.63%	31.77%
Net Operating Profit after Tax (NOPAT)	125	52	121	479	510
NOPAT Margin	10.43%	3.54%	6.36%	19.17%	17.24%
Net Nonoperating Expense Percent (NNEP)	-1.36%	-2.04%	5.73%	10.89%	1.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	31.33%
Cost of Revenue to Revenue	80.60%	89.91%	84.91%	67.48%	65.91%
SG&A Expenses to Revenue	5.06%	4.59%	5.09%	7.34%	9.81%
R&D to Revenue	1.09%	0.97%	1.14%	1.69%	2.68%
Operating Expenses to Revenue	6.14%	5.57%	6.23%	9.04%	12.49%
Earnings before Interest and Taxes (EBIT)	159	65	171	622	661
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	175	76	176	626	676
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	2.45	1.08
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	3.39	1.47
Price to Revenue (P/Rev)	0.53	0.44	0.80	0.94	0.60
Price to Earnings (P/E)	0.00	0.00	1,328.55	7.70	3.47
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.08%	13.00%	28.85%
Enterprise Value to Invested Capital (EV/IC)	2.36	2.36	10.15	3.11	1.16
Enterprise Value to Revenue (EV/Rev)	0.93	0.76	2.68	0.82	0.34
Enterprise Value to EBITDA (EV/EBITDA)	6.35	14.60	29.03	3.29	1.48
Enterprise Value to EBIT (EV/EBIT)	7.02	17.09	29.82	3.31	1.51
Enterprise Value to NOPAT (EV/NOPAT)	8.93	21.61	42.15	4.29	1.96
Enterprise Value to Operating Cash Flow (EV/OCF)	11.81	0.00	47.33	4.80	1.52
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	21.61	56.02	6.45	3.18
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.00	0.30	0.15	0.00
Long-Term Debt to Equity	0.00	0.00	0.30	0.15	0.00
Financial Leverage	-0.06	-0.06	-0.02	-0.21	-0.42
Leverage Ratio	2.03	2.02	2.46	2.67	2.18
Compound Leverage Factor	2.02	2.02	2.44	2.61	2.14
Debt to Total Capital	0.00%	0.00%	23.28%	12.67%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	23.28%	12.67%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	100.61%	100.00%	563.38%	2.73%	0.00%
Common Equity to Total Capital	-0.61%	0.00%	-486.67%	84.60%	100.00%
Debt to EBITDA	0.00	0.00	0.84	0.23	0.00
Net Debt to EBITDA	0.00	0.00	0.10	-0.53	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.84	0.23	0.00
Debt to NOPAT	0.00	0.00	1.22	0.30	0.00
Net Debt to NOPAT	0.00	0.00	0.14	-0.69	0.00
Long-Term Debt to NOPAT	0.00	0.00	1.22	0.30	0.00
Altman Z-Score	2.72	2.67	-0.01	1.45	1.59
Noncontrolling Interest Sharing Ratio	100.61%	100.30%	410.99%	243.19%	1.18%
Liquidity Ratios	-	-	-	-	-
Current Ratio	1.51	1.51	1.72	1.98	2.09
Quick Ratio	0.42	0.42	0.79	0.96	1.20
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	52	91	319	314
Operating Cash Flow to CapEx	3,827.57%	-2,558.49%	3,408.33%	6,963.85%	1,933.30%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	1.18	1.43	1.56	1.27	1.04
Accounts Receivable Turnover	7.10	8.66	8.66	7.65	6.92
Inventory Turnover	5.60	7.61	10.41	9.93	9.49
Fixed Asset Turnover	161.07	196.36	259.18	303.18	85.00
Accounts Payable Turnover	3.15	4.28	6.25	5.05	3.74
Days Sales Outstanding (DSO)	51.38	42.15	42.16	47.73	52.74
Days Inventory Outstanding (DIO)	65.23	47.96	35.06	36.76	38.47
Days Payable Outstanding (DPO)	115.87	85.20	58.45	72.27	97.50
Cash Conversion Cycle (CCC)	0.74	4.91	18.77	12.22	-6.28
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	472	472	502	662	862
Invested Capital Turnover	2.53	3.09	3.91	4.30	3.87
Increase / (Decrease) in Invested Capital	0.00	0.00	30	160	196
Enterprise Value (EV)	1,113	1,113	5,096	2,057	999
Market Capitalization	638	638	1,519	2,357	1,765
Book Value per Share	($0.11)	$0.00	($67.06)	$7.04	$11.18
Tangible Book Value per Share	($10.18)	($10.06)	($72.86)	$5.09	$8.27
Total Capital	501	504	632	1,136	1,628
Total Debt	0.00	0.00	147	144	0.00
Total Long-Term Debt	0.00	0.00	147	144	0.00
Net Debt	-29	-29	17	-330	-766
Capital Expenditures (CapEx)	2.46	5.75	3.16	6.16	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	212	212	235	403	358
Debt-free Net Working Capital (DFNWC)	241	241	365	877	1,124
Net Working Capital (NWC)	241	241	365	877	1,124
Net Nonoperating Expense (NNE)	0.40	0.62	-0.43	-17	-7.11
Net Nonoperating Obligations (NNO)	-29	-32	17	-330	-766
Total Depreciation and Amortization (D&A)	17	11	4.63	4.36	15
Debt-free, Cash-free Net Working Capital to Revenue	17.70%	14.52%	12.35%	16.11%	12.11%
Debt-free Net Working Capital to Revenue	20.13%	16.51%	19.18%	35.07%	38.00%
Net Working Capital to Revenue	20.13%	16.51%	19.18%	35.07%	38.00%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.02	$3.97	$3.55
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	45.89M	77.07M	143.54M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.02	$3.37	$3.47
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	145.85M	147.28M	149.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	144.09M	145.15M	146.26M
Normalized Net Operating Profit after Tax (NOPAT)	125	52	121	479	510
Normalized NOPAT Margin	10.43%	3.54%	6.36%	19.17%	17.24%
Pre Tax Income Margin	13.22%	4.47%	8.89%	24.32%	21.90%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	266.51%	0.00%	144.23%	13.48%	1.18%
Augmented Payout Ratio	266.51%	0.00%	716.03%	124.72%	1.18%

This table displays calculated financial ratios and metrics derived from Nextpower's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/29/2023	12/31/2023	3/31/2024	6/28/2024	9/27/2024	12/31/2024	3/31/2025	6/27/2025	9/26/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.93%	22.74%	0.00%	0.00%	50.13%	10.85%	-4.37%	25.50%	20.05%	42.43%	33.85%
EBITDA Growth	147.74%	120.40%	0.00%	0.00%	103.09%	59.73%	-1.57%	-28.46%	26.77%	32.70%	12.38%
EBIT Growth	154.79%	125.61%	0.00%	0.00%	104.65%	58.17%	-3.52%	-29.94%	23.81%	30.24%	10.26%
NOPAT Growth	168.42%	220.12%	0.00%	0.00%	103.42%	27.21%	-3.38%	-27.31%	16.58%	27.76%	16.33%
Net Income Growth	163.76%	0.00%	0.00%	0.00%	96.08%	44.04%	-8.27%	-29.29%	25.95%	25.24%	11.81%
EPS Growth	0.00%	0.00%	0.00%	0.00%	95.35%	43.64%	-9.20%	-30.92%	23.81%	22.78%	7.59%
Operating Cash Flow Growth	7,980.42%	-45.82%	0.00%	0.00%	-46.47%	471.46%	121.96%	112.86%	-32.70%	21.52%	-14.29%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	-16.20%	14.90%	0.00%	0.00%	70.14%	57.98%	18.79%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	132.34%	93.54%	65.90%	29.49%	31.06%	31.60%	36.67%
Revenue Q/Q Growth	0.00%	19.56%	23.91%	3.67%	-2.25%	-11.72%	6.89%	36.06%	-6.50%	4.75%	0.45%
EBITDA Q/Q Growth	0.00%	17.08%	90.08%	81.76%	-42.56%	-7.92%	17.13%	22.38%	-3.95%	-3.61%	-0.81%
EBIT Q/Q Growth	0.00%	17.41%	90.90%	82.31%	-42.65%	-9.26%	16.44%	22.56%	-4.39%	-4.54%	-1.43%
NOPAT Q/Q Growth	0.00%	38.75%	27.01%	87.36%	-38.39%	-13.23%	-3.53%	40.96%	-1.20%	-4.91%	-12.15%
Net Income Q/Q Growth	0.00%	27.91%	57.18%	74.43%	-44.09%	-6.03%	0.09%	34.45%	-0.40%	-6.57%	-10.64%
EPS Q/Q Growth	0.00%	27.91%	58.18%	74.71%	-44.74%	-5.95%	0.00%	32.91%	-0.95%	-6.73%	-12.37%
Operating Cash Flow Q/Q Growth	0.00%	-88.08%	140.82%	72.04%	8.39%	27.25%	-6.46%	64.99%	-65.73%	129.80%	-34.03%
Free Cash Flow Firm Q/Q Growth	0.00%	-25.76%	100.00%	0.00%	0.00%	7.89%	21.83%	82.71%	-139.84%	-29.62%	-51.09%
Invested Capital Q/Q Growth	0.00%	28.16%	18.03%	25.26%	22.62%	6.76%	1.18%	-1.68%	23.40%	7.20%	5.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.72%	26.01%	29.52%	46.23%	32.98%	35.37%	35.46%	33.07%	32.60%	32.35%	31.69%
EBITDA Margin	16.03%	15.70%	24.09%	36.92%	21.69%	22.63%	24.79%	22.30%	22.91%	21.08%	20.81%
Operating Margin	15.41%	16.41%	20.90%	36.75%	22.24%	21.00%	22.11%	21.13%	21.55%	20.03%	19.37%
EBIT Margin	15.82%	15.53%	23.93%	36.75%	21.56%	22.16%	24.14%	21.75%	22.24%	20.27%	19.89%
Profit (Net Income) Margin	13.27%	14.20%	18.01%	30.30%	17.33%	18.45%	17.28%	17.07%	18.19%	16.22%	14.43%
Tax Burden Percent	87.49%	95.32%	76.72%	78.85%	82.13%	85.47%	73.26%	79.44%	82.31%	80.37%	72.71%
Interest Burden Percent	95.91%	95.91%	98.10%	104.58%	97.89%	97.40%	97.68%	98.83%	99.37%	99.60%	99.81%
Effective Tax Rate	12.51%	4.68%	23.28%	21.15%	17.87%	14.53%	26.74%	20.56%	17.69%	19.63%	27.29%
Return on Invested Capital (ROIC)	152.67%	145.66%	0.00%	109.44%	86.21%	76.55%	63.90%	65.02%	58.70%	54.12%	48.90%
ROIC Less NNEP Spread (ROIC-NNEP)	153.62%	152.94%	0.00%	106.48%	88.72%	75.56%	62.01%	64.54%	57.97%	53.95%	48.48%
Return on Net Nonoperating Assets (RNNOA)	-57.29%	-51.51%	0.00%	-35.43%	-27.91%	-24.83%	-21.97%	-26.91%	-21.04%	-20.82%	-20.35%
Return on Equity (ROE)	95.37%	94.15%	0.00%	74.01%	58.31%	51.72%	41.93%	38.12%	37.66%	33.31%	28.56%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	48.23%	14.44%	23.33%	0.00%	41.08%	29.87%	28.91%	25.13%
Operating Return on Assets (OROA)	18.89%	15.92%	0.00%	46.65%	27.58%	25.87%	26.35%	22.54%	22.94%	21.24%	21.13%
Return on Assets (ROA)	15.85%	14.56%	0.00%	38.47%	22.18%	21.53%	18.86%	17.69%	18.76%	17.00%	15.33%
Return on Common Equity (ROCE)	-573.86%	-368.32%	0.00%	-105.97%	-76.80%	-36.33%	-32.95%	37.67%	37.47%	33.14%	28.41%
Return on Equity Simple (ROE_SIMPLE)	-4.80%	-9.17%	0.00%	0.00%	49.70%	46.86%	41.42%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	65	90	114	213	131	114	110	155	153	146	128
NOPAT Margin	13.48%	15.64%	16.03%	28.98%	18.26%	17.95%	16.20%	16.78%	17.74%	16.10%	14.08%
Net Nonoperating Expense Percent (NNEP)	-0.95%	-7.28%	6.30%	2.96%	-2.51%	0.99%	1.90%	0.49%	0.73%	0.18%	0.43%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-3.83%	-	-	-	7.01%	9.53%	8.48%	7.34%	5.95%
Cost of Revenue to Revenue	76.28%	73.99%	70.48%	53.77%	67.02%	64.63%	64.54%	66.93%	67.40%	67.65%	68.31%
SG&A Expenses to Revenue	7.14%	8.35%	6.81%	7.21%	8.45%	11.35%	10.39%	9.39%	8.55%	9.35%	9.10%
R&D to Revenue	1.17%	1.25%	1.82%	2.27%	2.29%	3.02%	2.96%	2.55%	2.49%	2.97%	3.22%
Operating Expenses to Revenue	8.31%	9.60%	8.62%	9.48%	10.74%	14.37%	13.35%	11.94%	11.05%	12.32%	12.32%
Earnings before Interest and Taxes (EBIT)	76	89	170	271	155	141	164	201	192	183	181
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	77	90	171	272	156	144	168	206	198	191	189
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	2.45	1.75	1.29	1.09	1.08	1.35	1.54	1.70
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	3.39	2.63	1.93	1.55	1.47	1.89	2.14	2.30
Price to Revenue (P/Rev)	0.84	0.81	0.00	0.94	0.72	0.58	0.55	0.60	0.79	0.91	1.01
Price to Earnings (P/E)	77.29	27.65	0.00	7.70	4.82	3.37	2.74	3.47	4.48	5.31	6.16
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.29%	3.62%	0.00%	13.00%	20.76%	29.69%	36.44%	28.85%	22.30%	18.83%	16.23%
Enterprise Value to Invested Capital (EV/IC)	15.37	10.65	10.61	3.11	2.04	1.42	1.14	1.16	1.60	1.94	2.25
Enterprise Value to Revenue (EV/Rev)	2.71	2.29	0.00	0.82	0.60	0.44	0.36	0.34	0.55	0.66	0.75
Enterprise Value to EBITDA (EV/EBITDA)	24.74	17.59	0.00	3.29	2.34	1.62	1.32	1.48	2.37	2.90	3.44
Enterprise Value to EBIT (EV/EBIT)	25.25	17.85	0.00	3.31	2.36	1.63	1.34	1.51	2.43	2.99	3.56
Enterprise Value to NOPAT (EV/NOPAT)	33.29	21.51	0.00	4.29	3.03	2.15	1.76	1.96	3.19	3.93	4.63
Enterprise Value to Operating Cash Flow (EV/OCF)	16.24	15.49	0.00	4.80	5.10	2.73	1.89	1.52	2.76	3.41	4.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	19.73	8.02	0.00	3.18	6.06	7.64	10.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.26	0.22	0.19	0.15	0.13	0.11	0.10	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.26	0.22	0.19	0.15	0.13	0.11	0.10	0.00	0.00	0.00	0.00
Financial Leverage	-0.37	-0.34	-0.30	-0.33	-0.31	-0.33	-0.35	-0.42	-0.36	-0.39	-0.42
Leverage Ratio	2.97	3.01	2.79	2.67	2.53	2.45	2.33	2.18	2.04	1.97	1.90
Compound Leverage Factor	2.85	2.89	2.73	2.79	2.48	2.39	2.28	2.15	2.03	1.96	1.89
Debt to Total Capital	20.91%	17.74%	16.15%	12.67%	11.45%	10.23%	9.26%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.37%	0.39%	0.42%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.91%	17.74%	16.15%	12.67%	11.08%	9.84%	8.84%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	554.99%	404.08%	431.62%	2.73%	1.19%	1.14%	1.17%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-475.89%	-321.81%	-347.77%	84.60%	87.37%	88.63%	89.57%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.68	0.54	0.00	0.23	0.21	0.19	0.19	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.96	-0.84	0.00	-0.53	-0.46	-0.55	-0.72	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.68	0.54	0.00	0.23	0.20	0.19	0.18	0.00	0.00	0.00	0.00
Debt to NOPAT	0.91	0.66	0.00	0.30	0.27	0.26	0.26	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-1.29	-1.03	0.00	-0.69	-0.60	-0.73	-0.96	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.91	0.66	0.00	0.30	0.26	0.25	0.24	0.00	0.00	0.00	0.00
Altman Z-Score	-0.26	-0.03	0.00	0.99	0.87	0.83	0.86	1.11	1.46	1.75	2.12
Noncontrolling Interest Sharing Ratio	701.70%	491.20%	0.00%	243.19%	231.72%	170.25%	178.59%	1.18%	0.52%	0.50%	0.51%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.73	1.87	1.98	2.11	2.21	2.20	2.09	2.16	2.18	2.36
Quick Ratio	0.85	0.93	0.97	0.96	1.09	1.14	1.27	1.20	1.26	1.25	1.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-285	-358	0.00	0.00	-331	-305	-238	-41	-99	-128	-193
Operating Cash Flow to CapEx	32,531.27%	3,779.49%	2,651.55%	4,826.49%	4,181.52%	1,280.44%	1,608.77%	2,354.43%	722.37%	1,207.70%	2,605.79%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.03	0.00	1.27	1.28	1.17	1.09	1.04	1.03	1.05	1.06
Accounts Receivable Turnover	8.88	6.01	0.00	7.65	8.77	7.96	6.73	6.92	6.50	7.44	7.92
Inventory Turnover	11.91	8.40	0.00	9.93	11.92	9.53	8.23	9.49	10.43	11.25	9.89
Fixed Asset Turnover	286.15	279.30	0.00	303.18	129.95	102.61	98.36	85.00	57.64	51.08	54.29
Accounts Payable Turnover	5.55	4.09	0.00	5.05	5.30	4.42	4.59	3.74	4.23	4.69	5.19
Days Sales Outstanding (DSO)	41.09	60.70	0.00	47.73	41.60	45.86	54.21	52.74	56.19	49.06	46.10
Days Inventory Outstanding (DIO)	30.65	43.43	0.00	36.76	30.63	38.28	44.36	38.47	34.99	32.45	36.92
Days Payable Outstanding (DPO)	65.81	89.30	0.00	72.27	68.90	82.59	79.47	97.50	86.23	77.81	70.27
Cash Conversion Cycle (CCC)	5.93	14.83	0.00	12.22	3.34	1.56	19.10	-6.28	4.95	3.70	12.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	349	448	528	662	812	867	877	862	1,064	1,140	1,198
Invested Capital Turnover	11.33	9.31	0.00	3.78	4.72	4.26	3.94	3.87	3.31	3.36	3.47
Increase / (Decrease) in Invested Capital	349	448	0.00	0.00	462	419	348	196	252	274	321
Enterprise Value (EV)	5,369	4,771	5,608	2,057	1,654	1,230	1,000	999	1,699	2,215	2,695
Market Capitalization	1,667	1,682	1,962	2,357	1,963	1,629	1,530	1,765	2,442	3,060	3,648
Book Value per Share	($72.23)	($42.61)	($50.20)	$7.04	$7.73	$8.71	$9.66	$11.18	$12.36	$13.42	$14.50
Tangible Book Value per Share	($77.97)	($46.90)	($54.49)	$5.09	$5.14	$5.82	$6.79	$8.27	$8.84	$9.67	$10.68
Total Capital	704	821	896	1,136	1,284	1,428	1,570	1,628	1,807	1,986	2,151
Total Debt	147	146	145	144	147	146	145	0.00	0.00	0.00	0.00
Total Long-Term Debt	147	146	145	144	142	141	139	0.00	0.00	0.00	0.00
Net Debt	-208	-227	-223	-330	-325	-416	-548	-766	-743	-845	-953
Capital Expenditures (CapEx)	0.69	0.71	2.44	2.31	2.89	12	8.94	10	11	15	4.73
Debt-free, Cash-free Net Working Capital (DFCFNWC)	86	194	292	403	427	422	403	358	458	474	522
Debt-free Net Working Capital (DFNWC)	441	567	660	877	899	984	1,096	1,124	1,201	1,319	1,475
Net Working Capital (NWC)	441	567	660	877	894	978	1,090	1,124	1,201	1,319	1,475
Net Nonoperating Expense (NNE)	0.99	8.28	-14	-9.77	6.69	-3.18	-7.31	-2.67	-3.90	-1.11	-3.19
Net Nonoperating Obligations (NNO)	-208	-227	-223	-330	-325	-416	-548	-766	-743	-845	-953
Total Depreciation and Amortization (D&A)	1.05	0.97	1.12	1.23	0.94	2.94	4.42	5.11	5.79	7.36	8.44
Debt-free, Cash-free Net Working Capital to Revenue	4.33%	9.29%	0.00%	16.11%	15.59%	15.07%	14.54%	12.11%	14.74%	14.04%	14.49%
Debt-free Net Working Capital to Revenue	22.27%	27.18%	0.00%	35.07%	32.81%	35.12%	39.56%	38.00%	38.70%	39.10%	40.93%
Net Working Capital to Revenue	22.27%	27.18%	0.00%	35.07%	32.64%	34.91%	39.33%	38.00%	38.70%	39.10%	40.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.44	$0.64	$0.67	$2.22	$0.86	$0.80	$0.80	$1.09	$1.06	$0.99	$0.88
Adjusted Weighted Average Basic Shares Outstanding	46.41M	61.72M	62.11M	77.07M	142.10M	143.48M	143.66M	143.54M	147.63M	148.03M	148.41M
Adjusted Diluted Earnings per Share	$0.43	$0.55	$0.87	$1.52	$0.84	$0.79	$0.79	$1.05	$1.04	$0.97	$0.85
Adjusted Weighted Average Diluted Shares Outstanding	146.87M	147.14M	147.34M	147.28M	149.23M	149.08M	149.03M	149.28M	150.90M	152.02M	153.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	61.99M	62.10M	136.54M	145.15M	145.35M	145.55M	145.62M	146.26M	147.96M	148.39M	148.48M
Normalized Net Operating Profit after Tax (NOPAT)	65	90	114	213	131	114	110	155	153	146	128
Normalized NOPAT Margin	13.48%	15.64%	16.03%	28.98%	18.26%	17.95%	16.20%	16.78%	17.74%	16.10%	14.08%
Pre Tax Income Margin	15.17%	14.90%	23.48%	38.43%	21.11%	21.59%	23.58%	21.49%	22.10%	20.18%	19.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	72.24%	0.00%	13.48%	12.95%	12.30%	1.48%	1.18%	0.69%	0.52%	0.51%
Augmented Payout Ratio	0.00%	72.24%	0.00%	124.72%	12.95%	12.30%	1.48%	1.18%	0.69%	0.52%	0.51%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, data-driven snapshot of Nextracker Inc. (NASDAQ: NXT) using the last four years of quarterly statements. The trend shows strong top-line growth and ample cash generation, but also some balance-sheet concerns to watch.

Significant revenue growth in 2025–2026: Q3 2026 revenue was 909.35 million, up from 679.36 million in Q3 2025 (about +33%).
Earnings stabilization and EPS growth: Q3 2026 net income to common shareholders was 131.24 million (EPS basic 0.88, diluted 0.85) vs 117.37 million (EPS basic 0.80, diluted 0.79) in Q3 2025.
Robust operating cash flow and strong near-term liquidity: Q3 2026 net cash from continuing operating activities was 123.28 million; cash balance stood at 952.6 million, with total current assets around 2.56 billion and a current ratio near 2.36x.
Healthy free cash flow signal in the latest quarter: ample operating cash flow relative to capex (PPE purchases were modest, and net investing cash outflow in Q3 2026 was small), supporting optionality for dividends, debt reduction, or growth investments.
Gross margin compressed modestly: Q3 2026 gross margin about 31.7% vs roughly 35.5% in Q3 2025, indicating margin pressure despite revenue gains.
Solid liquidity headroom with high cash and manageable near-term liabilities: strong cash balance and a sizable current deferred revenue balance (321.9–321.9 million range in recent quarters) that reflects ongoing commitments, not immediate cash burden.
Cumulative losses on the balance sheet: Retained Earnings were deeply negative (approximately -2.12 billion at Q3 2026), indicating substantial accumulated losses despite current profitability.
Significant goodwill and intangible assets raise impairment risk concerns: Goodwill around 485.3 million and intangible assets about 80.6 million on noncurrent assets could pose impairment risk if business conditions deteriorate.
Leverage and equity cushions thin relative to liabilities: Total liabilities roughly 1.65 billion vs a relatively small positive equity base, suggesting tighter equity protection against downside scenarios.
Quarterly cash flow can be volatile: Q1 2026 showed negative net cash from continuing operating activities (-22.7 million), while other quarters posted positive cash flow, highlighting earnings/cashflow variability.

05/19/26 09:11 PM ETAI Generated. May Contain Errors.

Nextpower Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Nextpower's fiscal year ends in March. Their fiscal year 2025 ended on March 31, 2025.

Nextpower's net income appears to be on an upward trend, with a most recent value of $517.25 million in 2025, rising from $124.35 million in 2021. The previous period was $496.22 million in 2024. See Nextpower's forecast for analyst expectations on what's next for the company.

Nextpower's total operating income in 2025 was $639.11 million, based on the following breakdown:

Total Gross Profit: $1.01 billion
Total Operating Expenses: $369.71 million

Over the last 4 years, Nextpower's total revenue changed from $1.20 billion in 2021 to $2.96 billion in 2025, a change of 147.5%.

Nextpower's total liabilities were at $1.56 billion at the end of 2025, a 2.5% increase from 2024, and a 203.1% increase since 2021.

In the past 4 years, Nextpower's cash and equivalents has ranged from $29.07 million in 2021 to $766.10 million in 2025, and is currently $766.10 million as of their latest financial filing in 2025.

Over the last 4 years, Nextpower's book value per share changed from -0.11 in 2021 to 11.18 in 2025, a change of -9,899.0%.

Related Companies

Financial statements for NASDAQ:NXT last updated on 2/1/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Nextpower (NXT) Financials

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Nextpower (NXT) Financials

Annual Income Statements for Nextpower

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Quarterly Cash Flow Statements for Nextpower

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Quarterly Balance Sheets for Nextpower

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Quarterly Metrics And Ratios for Nextpower

Financials Breakdown Chart

Key Financial Trends

Nextpower Financials - Frequently Asked Questions

When does Nextpower's financial year end?

How has Nextpower's net income changed over the last 4 years?

What is Nextpower's operating income?

How has Nextpower's revenue changed over the last 4 years?

How much debt does Nextpower have?

How much cash does Nextpower have?

How has Nextpower's book value per share changed over the last 4 years?

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