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Next Technology (NXTT) Financials

Next Technology logo
$0.92 +0.11 (+13.41%)
Closing price 07/20/2026 04:00 PM Eastern
Extended Trading
$0.94 +0.02 (+2.53%)
As of 07:15 AM Eastern
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Annual Income Statements for Next Technology

Annual Income Statements for Next Technology

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.42 2.68 5.18 -9.16 -9.93 33 143
Consolidated Net Income / (Loss)		 -0.42 2.68 5.18 -9.16 -9.93 33 143
Net Income / (Loss) Continuing Operations		 -0.42 2.68 5.18 -6.79 3.02 22 143
Total Pre-Tax Income 		-0.42 3.84 6.30 -6.79 3.15 30 200
Total Operating Income		 -0.42 3.75 5.99 -6.79 -1.24 -0.02 -80
Total Gross Profit		 0.00 5.66 12 0.00 1.43 1.07 1.76
Total Revenue		 0.00 6.27 14 0.00 2.50 0.00 12
Operating Revenue		 0.00 6.27 14 0.00 2.50 - 12
Total Cost of Revenue		 0.00 0.62 2.68 0.00 1.07 0.73 9.86
Operating Cost of Revenue		 - 0.62 2.68 0.00 1.07 0.73 9.86
Total Operating Expenses		 0.42 1.90 5.71 6.79 2.67 1.09 82
Selling, General & Admin Expense		 0.42 1.90 5.71 6.79 2.67 1.09 67
Research & Development Expense		 - - - - - - 14
Impairment Charge		 - - - - 0.00 - 0.00
Total Other Income / (Expense), net		 0.00 0.08 0.30 0.00 4.39 43 280
Other Income / (Expense), net		 - 0.08 0.30 0.00 4.39 43 280
Income Tax Expense		 0.00 1.16 1.12 0.00 0.13 8.23 56
Net Income / (Loss) Discontinued Operations		 - - - -2.37 -13 0.01 0.00
Basic Earnings per Share		 $0.00 $0.01 $0.02 ($7.50) - $746.22 $0.00
Weighted Average Basic Shares Outstanding		 101.74M 304.17M 305.45M 1.21M 1.54M 28.88K 2.32M
Diluted Earnings per Share		 $0.00 - - - ($8.40) - $0.00
Weighted Average Diluted Shares Outstanding		 101.74M 304.17M - - 1.54M 28.88K 2.32M
Weighted Average Basic & Diluted Shares Outstanding		 100.02M 304.17M - - - 436.27M 76.26M

Quarterly Income Statements for Next Technology

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -13 5.34 20 -6.93 1.38 21 193 119 -17 -152 -106
Consolidated Net Income / (Loss)		 -13 3.49 20 -6.93 1.37 21 193 119 -17 -152 -106
Net Income / (Loss) Continuing Operations		 -13 17 20 -6.93 1.37 7.55 193 119 -17 -152 -106
Total Pre-Tax Income 		-13 17 24 -8.77 1.74 13 245 150 -9.59 -186 -133
Total Operating Income		 0.99 -1.93 -0.33 -0.34 -0.57 1.23 -0.45 -0.26 -44 -35 -6.64
Total Gross Profit		 1.23 0.20 0.00 0.00 0.00 1.07 0.00 0.00 0.81 0.95 0.08
Total Revenue		 1.50 1.00 0.00 0.00 0.00 1.80 0.00 0.00 1.79 9.83 0.47
Operating Revenue		 1.50 1.00 0.00 0.00 0.00 - 0.00 0.00 1.79 9.83 0.47
Total Cost of Revenue		 0.27 0.80 0.00 0.00 0.00 0.73 0.00 0.00 0.98 8.88 0.39
Operating Cost of Revenue		 0.27 0.80 0.00 0.00 0.00 0.73 0.00 0.00 0.98 8.88 0.39
Total Operating Expenses		 0.23 2.13 0.33 0.34 0.57 -0.16 0.90 0.51 45 35 6.71
Selling, General & Admin Expense		 0.23 2.13 0.33 0.34 0.57 -0.16 0.45 0.26 0.77 66 4.59
Research & Development Expense		 - - - - - - 0.00 - - - 2.12
Total Other Income / (Expense), net		 -14 19 24 -8.42 2.30 25 245 150 35 -151 -127
Other Income / (Expense), net		 -14 19 24 -8.42 2.30 25 245 150 35 -151 -127
Income Tax Expense		 0.00 0.13 4.14 -1.84 0.36 5.57 51 32 7.30 -34 -27
Basic Earnings per Share		 - $3.46 - ($0.99) $39.51 $3.63 $396.38 $0.27 ($6.86) ($65.56) ($11.86)
Weighted Average Basic Shares Outstanding		 1.42M 1.54M 2.63M 6.98M 34.88K 5.78M 488.02K 436.27M 2.46M 2.32M 8.93M
Diluted Earnings per Share		 - $3.46 $0.00 - - $3.63 $396.38 $0.27 - ($65.56) ($11.86)
Weighted Average Diluted Shares Outstanding		 1.42M 1.54M 2.63M 6.98M 34.88K 5.78M 488.02K 436.27M 2.46M 2.32M 8.93M
Weighted Average Basic & Diluted Shares Outstanding		 2.63M 0.00 - 6.98M 6.98M 436.27M 436.27M - - 76.26M 76.26M

Annual Cash Flow Statements for Next Technology

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

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -1.95 11 10 0.65 43 4.96
Net Cash From Operating Activities		 1.16 -3.75 -38 20 0.00 -3.07
Net Cash From Continuing Operating Activities		 7.25 14 -8.80 -13 0.00 -3.07
Net Income / (Loss) Continuing Operations		 2.68 5.18 0.00 3.02 22 143
Consolidated Net Income / (Loss)		 2.68 5.18 - - - 143
Non-Cash Adjustments To Reconcile Net Income		 0.25 -0.42 0.00 -17 13 -203
Changes in Operating Assets and Liabilities, net		 4.31 8.99 -0.04 1.53 8.31 57
Net Cash From Discontinued Operating Activities		 - - -29 33 - 0.00
Net Cash From Investing Activities		 0.00 -1.03 0.00 -33 0.00 0.00
Net Cash From Continuing Investing Activities		 0.00 0.19 0.00 -37 0.00 0.00
Net Cash From Discontinued Investing Activities		 - - 0.00 4.50 0.00 0.00
Net Cash From Financing Activities		 -3.68 0.69 40 13 0.00 8.03
Net Cash From Continuing Financing Activities		 -3.68 -3.33 40 13 0.00 8.03
Issuance of Common Equity		 0.84 0.00 39 13 0.00 8.03
Net Cash From Discontinued Financing Activities		 - - 0.00 0.00 0.00 0.00
Cash Interest Paid		 0.00 0.00 0.00 0.00 0.00 0.00
Cash Income Taxes Paid		 1.16 0.48 0.00 0.00 0.00 0.00

Quarterly Cash Flow Statements for Next Technology

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1.41 -0.75 0.00 - - - 0.00 - 12 -6.73 154
Net Cash From Operating Activities		 22 -0.79 0.00 0.00 -0.08 0.08 0.00 - 3.66 -6.73 -1.40
Net Cash From Continuing Operating Activities		 -9.73 -0.82 0.00 0.00 -0.08 0.08 0.00 - 3.66 -6.73 -1.40
Net Income / (Loss) Continuing Operations		 -12 17 20 -6.93 1.37 7.55 193 119 -17 -152 -106
Consolidated Net Income / (Loss)		 -13 - 20 -6.93 1.37 - 193 119 -17 -152 -106
Non-Cash Adjustments To Reconcile Net Income		 1.51 -19 -24 8.47 -2.29 -12 -246 -150 9.62 184 131
Changes in Operating Assets and Liabilities, net		 0.32 1.21 4.43 -1.54 0.83 4.34 53 32 11 -39 -26
Net Cash From Investing Activities		 -37 4.50 0.00 - - - 0.00 - - - 0.00
Net Cash From Continuing Investing Activities		 -37 - 0.00 - - - 0.00 - - - 0.00
Net Cash From Financing Activities		 17 -4.15 0.00 -0.00 0.08 -0.08 0.00 - 8.03 - 155
Net Cash From Continuing Financing Activities		 12 0.35 0.00 -0.00 0.08 -0.08 0.00 - 8.03 - 155
Repayment of Debt		 -0.23 0.35 - - 0.08 0.51 0.00 - - - -1.46
Issuance of Debt		 - - - - - - 0.00 - - - 157
Cash Interest Paid		 - - 0.00 - - - 0.00 - - - 0.00
Cash Income Taxes Paid		 - - 0.00 - - - 0.00 - - 0.00 0.00

Annual Balance Sheets for Next Technology

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 6.59 14 19 47 49 93 524
Total Current Assets		 6.59 10 16 47 49 93 524
Cash & Equivalents		 6.59 4.64 0.62 0.02 0.67 0.67 5.62
Accounts Receivable		 0.00 2.62 5.66 5.81 1.00 1.80 0.35
Prepaid Expenses		 0.00 0.06 2.76 0.05 12 12 2.00
Other Current Assets		 - 3.10 7.40 - 35 78 516
Plant, Property, & Equipment, net		 0.00 0.00 0.40 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 0.00 3.13 2.64 0.00 0.00 0.00 0.00
Long-Term Investments		 - - - - 0.00 0.00 0.00
Total Liabilities & Shareholders' Equity		 6.59 14 19 47 49 93 524
Total Liabilities		 1.79 4.65 4.94 4.82 4.22 11 69
Total Current Liabilities		 1.79 2.18 3.00 4.82 4.22 3.05 3.94
Accounts Payable		 1.75 0.42 0.06 0.00 0.80 1.95 3.14
Current Deferred & Payable Income Tax Liabilities		 - - 0.71 0.00 0.13 0.13 0.13
Other Current Liabilities		 0.00 1.49 2.01 1.27 1.69 0.97 0.66
Total Noncurrent Liabilities		 0.00 2.47 1.94 0.00 0.00 8.23 65
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - 0.00 8.23 65
Total Equity & Noncontrolling Interests		 4.80 8.89 15 42 45 82 456
Total Preferred & Common Equity		 4.80 8.89 15 42 45 82 456
Total Common Equity		 4.80 8.89 15 42 45 82 456
Common Stock		 0.22 6.06 6.20 44 56 72 303
Retained Earnings		 -0.42 2.26 7.43 -1.71 -12 9.91 152

Quarterly Balance Sheets for Next Technology

This table presents Next Technology'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 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 46 43 42 41 73 78 79 484 633 680 551
Total Current Assets		 45 31 31 41 73 65 66 484 633 680 551
Cash & Equivalents		 20 20 20 1.42 0.67 0.67 0.67 0.67 0.67 12 160
Accounts Receivable		 4.99 6.72 0.29 0.13 1.13 1.13 0.21 1.44 0.54 0.07 0.37
Prepaid Expenses		 15 3.14 2.48 12 12 12 12 0.00 0.00 0.31 1.49
Other Current Assets		 2.58 0.36 0.98 28 - 51 53 482 632 667 390
Plant, Property, & Equipment, net		 1.14 0.84 0.74 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 0.27 11 11 0.00 59 13 13 0.00 0.00 0.00 0.00
Long-Term Investments		 - - - - - 13 13 0.00 0.00 0.00 0.00
Total Liabilities & Shareholders' Equity		 46 43 42 41 73 78 79 484 633 680 551
Total Liabilities		 4.04 3.68 3.54 2.12 8.82 5.35 5.36 63 94 104 40
Total Current Liabilities		 4.04 3.68 3.54 2.12 4.68 3.05 2.69 3.14 2.50 5.95 3.05
Accounts Payable		 2.26 0.23 0.21 0.12 0.92 0.92 1.08 0.73 0.00 0.00 2.30
Current Deferred & Payable Income Tax Liabilities		 0.18 0.09 - - 0.13 0.13 0.13 0.13 0.13 0.13 0.13
Other Current Liabilities		 1.48 2.99 3.07 1.72 3.62 2.36 1.48 0.22 0.28 0.26 0.62
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 4.14 0.00 2.67 60 91 98 37
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - 4.14 - 2.67 60 91 98 37
Total Equity & Noncontrolling Interests		 42 40 39 39 64 73 74 421 540 575 511
Total Preferred & Common Equity		 42 40 39 39 64 73 74 421 540 575 511
Total Common Equity		 42 40 39 39 64 73 74 421 540 575 511
Common Stock		 44 44 44 56 56 72 72 218 218 271 464
Retained Earnings		 -1.11 -3.94 -3.92 -17 7.91 0.98 2.36 203 322 304 46

Annual Metrics And Ratios for Next Technology

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - 2,625,130.00
DEI Adjusted Shares Outstanding		 - - - - - - 13,126.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 10,906.97
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 0.00% 129.31% -100.00% 0.00% -28.00% 0.00%
EBITDA Growth		 0.00% 1,022.19% 64.55% -207.26% 146.38% 1,270.22% 362.20%
EBIT Growth		 0.00% 1,019.39% 64.11% -207.87% 146.38% 1,270.22% 362.20%
NOPAT Growth		 0.00% 995.74% 88.22% -196.54% 75.06% 98.97% -473,183.72%
Net Income Growth		 0.00% 740.87% 93.48% -276.97% -8.36% 452.08% 331.93%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% 0.00% -422.92% -907.18% 153.45% -100.00% 0.00%
Free Cash Flow Firm Growth		 0.00% 0.00% -40.93% 271.51% -664.02% 20.17% -1,107.22%
Invested Capital Growth		 0.00% 346.92% 227.11% -92.53% 4,291.69% 80.06% 455.78%
Revenue Q/Q Growth		 0.00% 0.00% -1.80% -100.00% 219.59% 58.83% 223.69%
EBITDA Q/Q Growth		 0.00% 0.00% -2.00% -65.52% 121.75% -1.15% -51.55%
EBIT Q/Q Growth		 0.00% 0.00% -2.26% -65.52% 121.75% -1.15% -51.55%
NOPAT Q/Q Growth		 0.00% 0.00% -6.06% -60.05% -14,370.05% -100.19% -72.93%
Net Income Q/Q Growth		 0.00% 0.00% -22.51% -17.48% 33.45% 99.79% -54.71%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 29.05% 0.00% -100.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -1,425.06% 10.21% -15.78% 100.00% -184.03%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 161.38% -184.80% -132.25% 20.75%
Invested Capital Q/Q Growth		 0.00% 0.00% 20.63% -95.23% 20.51% 36.94% -20.35%
Profitability Metrics		 - - - - - - -
Gross Margin		 0.00% 90.18% 81.35% 0.00% 57.17% 59.44% 15.12%
EBITDA Margin		 0.00% 61.38% 44.04% 0.00% 126.04% 2,398.54% 1,718.06%
Operating Margin		 0.00% 59.87% 41.68% 0.00% -49.48% -0.93% -690.49%
EBIT Margin		 0.00% 61.19% 43.79% 0.00% 126.04% 2,398.54% 1,718.06%
Profit (Net Income) Margin		 0.00% 42.65% 35.99% 0.00% -397.02% 1,941.42% 1,232.61%
Tax Burden Percent		 100.00% 69.71% 82.18% 134.82% -315.01% 117.35% 71.74%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 68.97% 100.00%
Effective Tax Rate		 0.00% 30.29% 17.82% 0.00% 4.14% 27.65% 28.26%
Return on Invested Capital (ROIC)		 0.00% 206.83% 54.23% 0.00% -5.08% -0.02% -21.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 205.80% 44.74% 0.00% 38.91% 4,709.48% -6,400.96%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -167.78% -10.04% 0.00% -17.89% 55.34% 74.97%
Return on Equity (ROE)		 -8.69% 39.06% 44.19% -32.57% -22.97% 55.32% 53.30%
Cash Return on Invested Capital (CROIC)		 0.00% -78.96% -52.11% 108.59% -196.18% -57.19% -160.68%
Operating Return on Assets (OROA)		 0.00% 38.12% 38.15% 0.00% 6.60% 60.87% 64.68%
Return on Assets (ROA)		 0.00% 26.57% 31.36% 0.00% -20.80% 49.27% 46.40%
Return on Common Equity (ROCE)		 -8.69% 39.06% 44.19% -32.57% -22.97% 55.32% 53.30%
Return on Equity Simple (ROE_SIMPLE)		 -8.69% 30.08% 35.62% -21.96% -22.20% 42.81% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.29 2.62 4.93 -4.76 -1.19 -0.01 -58
NOPAT Margin		 0.00% 41.73% 34.25% 0.00% -47.44% -0.68% -495.39%
Net Nonoperating Expense Percent (NNEP)		 -1.92% 1.04% 9.49% -21.33% -43.99% -4,709.49% 6,379.29%
Return On Investment Capital (ROIC_SIMPLE)		 -6.08% - - - -2.56% -0.01% -12.63%
Cost of Revenue to Revenue		 0.00% 9.82% 18.65% 0.00% 42.83% 40.56% 84.88%
SG&A Expenses to Revenue		 0.00% 30.32% 39.67% 0.00% 106.65% 60.38% 580.92%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 124.69%
Operating Expenses to Revenue		 0.00% 30.32% 39.67% 0.00% 106.65% 60.38% 705.61%
Earnings before Interest and Taxes (EBIT)		 -0.42 3.84 6.30 -6.79 3.15 43 200
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.42 3.85 6.33 -6.79 3.15 43 200
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.13 0.17 0.03
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.13 0.17 0.03
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 2.37 7.83 1.20
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.40 0.10
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 247.97% 1,024.39%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.15 0.18 0.02
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 2.75 8.14 0.72
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 2.18 0.34 0.04
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 2.18 0.34 0.04
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.34 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.04 0.02 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.36 -0.82 -0.22 -0.73 -0.46 0.01 -0.01
Leverage Ratio		 1.37 1.47 1.41 1.17 1.10 1.12 1.15
Compound Leverage Factor		 1.37 1.47 1.41 1.17 1.10 0.77 1.15
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 3.46% 1.47% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 3.46% 1.47% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 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%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 96.54% 98.53% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.51 0.03 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.30 0.01 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 -1.35 -100.46 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.79 -45.48 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 0.00 0.00 1.87 3.61 3.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 3.69 4.78 5.48 9.66 11.59 30.43 133.17
Quick Ratio		 3.69 3.33 2.09 1.21 0.40 0.81 1.52
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -3.36 -4.73 8.12 -46 -37 -427
Operating Cash Flow to CapEx		 0.00% 0.00% -899.85% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 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
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.62 0.87 0.00 0.05 0.03 0.04
Accounts Receivable Turnover		 0.00 0.00 3.48 0.00 0.73 1.29 10.78
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.57 11.02 0.00 0.00 0.95 3.87
Days Sales Outstanding (DSO)		 0.00 0.00 104.98 0.00 496.80 283.89 33.86
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 646.05 33.13 0.00 0.00 382.50 94.35
Cash Conversion Cycle (CCC)		 0.00 -646.05 71.86 0.00 496.80 -98.61 -60.49
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 -1.72 4.25 14 1.04 46 82 450
Invested Capital Turnover		 0.00 4.96 1.58 0.00 0.11 0.03 0.04
Increase / (Decrease) in Invested Capital		 0.00 5.98 9.66 -13 45 37 369
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 6.87 15 8.35
Market Capitalization		 0.00 0.00 0.00 0.00 5.94 14 14
Book Value per Share		 $0.05 $0.03 $0.05 $0.21 $17.03 $14.13 $196.57
Tangible Book Value per Share		 $0.05 $0.03 $0.05 $0.21 $17.03 $14.13 $196.57
Total Capital		 4.80 8.89 15 42 46 83 456
Total Debt		 0.00 0.00 0.00 0.00 1.60 1.22 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -6.59 -4.64 -0.62 -0.02 0.93 0.55 -5.62
Capital Expenditures (CapEx)		 0.00 0.00 0.42 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.79 3.60 13 42 46 90 515
Debt-free Net Working Capital (DFNWC)		 4.80 8.24 13 42 46 91 520
Net Working Capital (NWC)		 4.80 8.24 13 42 45 90 520
Net Nonoperating Expense (NNE)		 0.13 -0.06 -0.25 4.40 8.74 -35 -201
Net Nonoperating Obligations (NNO)		 -6.53 -4.64 -0.62 -41 0.93 0.55 -5.62
Total Depreciation and Amortization (D&A)		 0.00 0.01 0.04 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 57.37% 89.15% 0.00% 1,825.60% 5,023.08% 4,430.32%
Debt-free Net Working Capital to Revenue		 0.00% 131.36% 93.44% 0.00% 1,852.34% 5,060.22% 4,478.74%
Net Working Capital to Revenue		 0.00% 131.36% 93.44% 0.00% 1,788.34% 4,992.36% 4,478.74%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $1.85 $3.70 ($0.04) $0.00 $3.70 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 101.74M 1.65M 1.65M 223.26M 0.00 5.78M 2.32M
Adjusted Diluted Earnings per Share		 $0.00 $1.85 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 101.74M 1.65M 0.00 0.00 0.00 5.78M 2.32M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $1.85 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 100.02M 1.64M 0.00 0.00 0.00 436.27M 76.26M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.29 2.62 4.93 -4.76 -1.19 -0.01 -58
Normalized NOPAT Margin		 0.00% 41.73% 34.25% 0.00% -47.44% -0.68% -495.39%
Pre Tax Income Margin		 0.00% 61.19% 43.79% 0.00% 126.04% 1,654.32% 1,718.06%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 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
EBIT Less CapEx to Interest Expense		 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
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Next Technology

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - 2,625,130.00 2,625,130.00 2,625,130.00 2,625,130.00
DEI Adjusted Shares Outstanding		 - - - - - - - 13,126.00 13,126.00 13,126.00 13,126.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - 9,033.56 -1,286.93 -11,576.85 -8,064.28
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 127.85% 0.00% 0.00% -100.00% 80.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 -113.09% 2,277.38% 14,345.32% -6,324.84% 112.95% 57.22% 933.64% 1,811.72% -652.09% -800.77% -154.38%
EBIT Growth		 -113.09% 2,277.38% 14,345.32% -6,324.84% 112.95% 57.22% 933.64% 1,811.72% -652.09% -800.77% -154.38%
NOPAT Growth		 115.74% -302.23% -134.02% -152.78% -164.35% 136.85% -30.46% 16.27% -6,827.17% -3,590.40% -1,206.91%
Net Income Growth		 -108.30% 332.30% 11,854.11% -4,975.62% 110.51% 500.57% 889.64% 1,811.72% -1,331.15% -893.34% -154.72%
EPS Growth		 0.00% 379.03% 0.00% 0.00% 0.00% 4.91% 0.00% 0.00% 0.00% -109.89% -102.99%
Operating Cash Flow Growth		 146.90% -126.29% 100.00% 100.00% -100.37% 110.32% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Growth		 -4.86% -475.19% -272.12% -244.15% -46.77% 22.96% -707.64% -1,046.10% -2,272.88% -1,037.14% 118.55%
Invested Capital Growth		 73.82% 4,291.69% 227.94% 220.91% 58.46% 80.06% 564.27% 793.20% 841.38% 455.78% -16.88%
Revenue Q/Q Growth		 0.00% -33.33% -100.00% 0.00% 0.00% 0.00% -100.00% 0.00% 0.00% 449.52% -95.27%
EBITDA Q/Q Growth		 -9,727.13% 225.75% 40.46% -137.02% 119.81% 1,426.73% 823.44% -38.70% -106.39% -1,837.88% 28.35%
EBIT Q/Q Growth		 -9,727.13% 225.75% 40.46% -137.02% 119.81% 1,426.73% 823.44% -38.70% -106.39% -1,837.88% 28.35%
NOPAT Q/Q Growth		 828.56% -374.95% 85.77% 11.35% -85.47% 257.46% -150.39% 43.10% -15,244.41% 20.66% 81.13%
Net Income Q/Q Growth		 -9,506.29% 126.60% 460.39% -135.44% 119.90% 1,419.76% 823.44% -38.70% -114.25% -799.57% 30.34%
EPS Q/Q Growth		 0.00% 0.00% -100.00% 0.00% 0.00% 0.00% -45.45% -86.36% 0.00% 0.00% 81.91%
Operating Cash Flow Q/Q Growth		 15,957.77% -103.64% 100.00% 100.19% -8,080,400.00% 200.65% -100.00% 0.00% 0.00% -284.03% 79.27%
Free Cash Flow Firm Q/Q Growth		 -26.29% -202.26% 4.39% 5.70% 46.14% -58.66% -902.31% -33.82% -11.50% 26.56% 116.93%
Invested Capital Q/Q Growth		 100.66% 20.51% 39.33% -4.75% -0.92% 36.94% 414.01% 28.08% 4.42% -20.35% -21.96%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 81.94% 20.00% 0.00% 0.00% 0.00% 59.44% 0.00% 0.00% 45.12% 9.67% 16.74%
EBITDA Margin		 -894.14% 1,686.57% 0.00% 0.00% 0.00% 1,473.13% 0.00% 0.00% -536.22% -1,890.98% -28,619.57%
Operating Margin		 66.29% -192.87% 0.00% 0.00% 0.00% 68.07% 0.00% 0.00% -2,478.78% -357.88% -1,426.21%
EBIT Margin		 -894.14% 1,686.57% 0.00% 0.00% 0.00% 1,473.13% 0.00% 0.00% -536.22% -1,890.98% -28,619.57%
Profit (Net Income) Margin		 -874.04% 348.80% 0.00% 0.00% 0.00% 1,163.77% 0.00% 0.00% -944.65% -1,546.40% -22,752.66%
Tax Burden Percent		 97.75% 20.68% 82.51% 79.00% 79.36% 159.66% 79.00% 79.00% 176.17% 81.78% 79.50%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 49.48% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.77% 17.49% 0.00% 21.00% 42.44% 21.00% 21.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -20.50% 0.00% 0.00% 0.00% 1.10% 0.00% 0.00% -19.93% -10.96% -31.18%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -47.69% 0.00% 0.00% 0.00% 2,728.18% 0.00% 0.00% -136.58% 4,036.53% 96.67%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 21.93% 0.00% 0.00% 0.00% 32.06% 0.00% 0.00% 5.10% -47.28% -16.42%
Return on Equity (ROE)		 -36.67% 1.43% 0.00% 0.00% 0.00% 33.16% 0.00% 0.00% -14.83% -58.24% -47.60%
Cash Return on Invested Capital (CROIC)		 -53.89% -196.18% -109.37% -86.31% -32.16% -57.19% -147.71% -159.74% -172.24% -160.68% 2.80%
Operating Return on Assets (OROA)		 0.00% 88.34% 0.00% 0.00% 0.00% 37.39% 0.00% 0.00% -5.07% -71.19% -668.04%
Return on Assets (ROA)		 0.00% 18.27% 0.00% 0.00% 0.00% 29.54% 0.00% 0.00% -8.93% -58.22% -531.09%
Return on Common Equity (ROCE)		 -36.67% 1.43% 0.00% 0.00% 0.00% 33.16% 0.00% 0.00% -14.83% -58.24% -47.60%
Return on Equity Simple (ROE_SIMPLE)		 -37.96% 0.00% 15.23% 4.13% 23.61% 0.00% 49.60% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.70 -1.91 -0.27 -0.24 -0.45 0.71 -0.36 -0.20 -31 -25 -4.64
NOPAT Margin		 46.40% -191.38% 0.00% 0.00% 0.00% 39.18% 0.00% 0.00% -1,735.14% -250.52% -998.35%
Net Nonoperating Expense Percent (NNEP)		 -127.38% 27.19% 190.62% -41.61% 23.59% -2,727.08% -53,429.89% 2,218.05% 116.66% -4,047.49% -127.85%
Return On Investment Capital (ROIC_SIMPLE)		 1.77% -4.13% -0.42% -0.33% -0.60% 0.85% -0.08% -0.04% -5.37% -5.40% -0.91%
Cost of Revenue to Revenue		 18.06% 80.00% 0.00% 0.00% 0.00% 40.56% 0.00% 0.00% 54.88% 90.33% 83.26%
SG&A Expenses to Revenue		 15.65% 212.87% 0.00% 0.00% 0.00% -8.63% 0.00% 0.00% 42.78% 671.66% 986.50%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 456.44%
Operating Expenses to Revenue		 15.65% 212.87% 0.00% 0.00% 0.00% -8.63% 0.00% 0.00% 2,523.90% 360.36% 1,442.95%
Earnings before Interest and Taxes (EBIT)		 -13 17 24 -8.77 1.74 27 245 150 -9.59 -186 -133
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -13 17 24 -8.77 1.74 27 245 150 -9.59 -186 -133
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.48 0.13 0.20 0.44 0.11 0.17 0.07 1.86 0.11 0.03 0.04
Price to Tangible Book Value (P/TBV)		 0.48 0.13 0.20 0.44 0.11 0.17 0.07 1.86 0.11 0.03 0.04
Price to Revenue (P/Rev)		 0.00 2.37 5.04 12.03 7.51 7.83 16.74 557.45 17.08 1.20 1.52
Price to Earnings (P/E)		 0.00 0.00 1.19 6.53 0.44 0.40 0.14 3.00 0.19 0.10 0.00
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		 0.00% 0.00% 83.83% 15.33% 227.29% 247.97% 693.12% 33.32% 515.79% 1,024.39% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.47 0.15 0.19 0.29 0.00 0.18 0.07 1.86 0.09 0.02 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 2.75 4.77 6.69 0.00 8.14 17.51 558.24 14.24 0.72 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 2.18 0.44 0.62 0.00 0.34 0.12 2.37 0.12 0.04 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 2.18 0.44 0.62 0.00 0.34 0.12 2.37 0.12 0.04 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 2,119.14 0.00 0.00 2.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.73 0.34 0.58 0.86 0.00 0.00 0.00 0.00 13.97 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.04 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.27 -0.46 -0.20 -0.29 -0.14 0.01 0.00 -0.02 -0.04 -0.01 -0.17
Leverage Ratio		 1.08 1.10 1.12 1.08 1.07 1.12 1.15 1.16 1.17 1.15 1.11
Compound Leverage Factor		 1.08 1.10 1.12 1.08 1.07 0.56 1.15 1.16 1.17 1.15 1.11
Debt to Total Capital		 0.00% 3.46% 0.00% 0.00% 0.00% 1.47% 0.49% 0.39% 0.38% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 3.46% 0.00% 0.00% 0.00% 1.47% 0.49% 0.39% 0.38% 0.00% 0.00%
Long-Term Debt 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%
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		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 96.54% 100.00% 100.00% 100.00% 98.53% 99.51% 99.61% 99.62% 100.00% 100.00%
Debt to EBITDA		 0.00 0.51 0.00 0.00 0.00 0.03 0.01 0.00 0.01 0.00 0.00
Net Debt to EBITDA		 0.00 0.30 0.00 0.00 0.00 0.01 0.01 0.00 -0.02 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 -1.35 0.00 0.00 0.00 -100.46 -19.40 -56.22 -0.07 0.00 0.00
Net Debt to NOPAT		 0.00 -0.79 0.00 0.00 0.00 -45.48 -13.11 -38.25 0.31 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 4.83 2.80 3.24 4.18 2.04 3.02 3.74 9.12 2.13 0.57 0.81
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 19.55 11.59 15.62 21.21 24.54 30.43 153.91 253.35 114.15 133.17 180.91
Quick Ratio		 0.73 0.40 0.38 0.59 0.33 0.81 0.67 0.48 2.09 1.52 52.54
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -15 -47 -44 -42 -23 -36 -359 -481 -536 -394 67
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
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		 0.00 0.05 0.04 0.04 0.02 0.03 0.01 0.01 0.01 0.04 0.02
Accounts Receivable Turnover		 0.00 0.73 0.64 3.71 6.74 1.29 1.40 2.15 25.96 10.78 13.35
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 1.86 2.11 1.54 0.95 0.88 0.00 0.00 3.87 6.77
Days Sales Outstanding (DSO)		 0.00 496.80 572.90 98.27 54.19 283.89 260.64 169.39 14.06 33.86 27.34
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 196.65 173.24 237.34 382.50 413.53 0.00 0.00 94.35 53.92
Cash Conversion Cycle (CCC)		 0.00 496.80 376.25 -74.97 -183.15 -98.61 -152.90 169.39 14.06 -60.49 -26.57
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 38 46 64 61 60 82 422 541 565 450 351
Invested Capital Turnover		 0.00 0.11 0.06 0.07 0.02 0.03 0.01 0.01 0.01 0.04 0.03
Increase / (Decrease) in Invested Capital		 16 45 44 42 22 37 359 480 505 369 -71
Enterprise Value (EV)		 18 6.87 12 18 -5.55 15 32 1,005 51 8.35 -141
Market Capitalization		 19 5.94 13 32 8.51 14 30 1,003 61 14 18
Book Value per Share		 $37.26 $17.03 $24.48 $10.42 $10.62 $14.13 $4.31 $1.24 $233.69 $196.57 $57.22
Tangible Book Value per Share		 $37.26 $17.03 $24.48 $10.42 $10.62 $14.13 $4.31 $1.24 $233.69 $196.57 $57.22
Total Capital		 39 46 64 73 74 83 423 542 577 456 511
Total Debt		 0.00 1.60 0.00 0.00 0.00 1.22 2.06 2.09 2.19 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -1.42 0.93 -0.67 -14 -14 0.55 1.39 1.42 -10 -5.62 -160
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 38 46 68 61 63 90 482 632 663 515 388
Debt-free Net Working Capital (DFNWC)		 39 46 68 62 63 91 483 633 676 520 548
Net Working Capital (NWC)		 39 45 68 62 63 90 481 631 674 520 548
Net Nonoperating Expense (NNE)		 14 -5.40 -20 6.69 -1.83 -20 -194 -119 -14 127 101
Net Nonoperating Obligations (NNO)		 -1.42 0.93 -0.67 -12 -14 0.55 1.39 1.42 -10 -5.62 -160
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 1,825.60% 2,709.39% 2,314.21% 5,530.52% 5,023.08% 26,781.99% 35,122.14% 18,488.77% 4,430.32% 3,215.70%
Debt-free Net Working Capital to Revenue		 0.00% 1,852.34% 2,736.13% 2,339.60% 5,589.50% 5,060.22% 26,819.12% 35,159.27% 18,833.17% 4,478.74% 4,537.86%
Net Working Capital to Revenue		 0.00% 1,788.34% 2,736.13% 2,339.60% 5,589.50% 4,992.36% 26,704.56% 35,043.13% 18,772.21% 4,478.74% 4,537.86%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $3.46 $0.00 ($0.99) $0.00 $3.63 $1.98 $0.27 ($6.86) ($65.56) ($11.86)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 1.54M 0.00 6.98M 6.98M 5.78M 97.60M 436.27M 2.46M 2.32M 8.93M
Adjusted Diluted Earnings per Share		 $0.00 $3.46 $0.00 $0.00 $0.00 $3.63 $1.98 $0.27 $0.00 ($65.56) ($11.86)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 1.54M 0.00 6.98M 6.98M 5.78M 97.60M 436.27M 2.46M 2.32M 8.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $3.46 $0.00 $0.00 $0.00 $3.63 $0.00 $0.00 $0.00 ($65.56) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 6.98M 6.98M 436.27M 436.27M 0.00 0.00 76.26M 76.26M
Normalized Net Operating Profit after Tax (NOPAT)		 0.70 -1.91 -0.27 -0.24 -0.45 0.71 -0.36 -0.20 0.03 -25 -4.64
Normalized NOPAT Margin		 46.40% -191.38% 0.00% 0.00% 0.00% 39.18% 0.00% 0.00% 1.64% -250.52% -998.35%
Pre Tax Income Margin		 -894.14% 1,686.57% 0.00% 0.00% 0.00% 728.91% 0.00% 0.00% -536.22% -1,890.98% -28,619.57%
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Next Technology Holding Inc. (NASDAQ: NXTT) shows a dramatic turnaround in reported results, but the quality of those results appears highly volatile and influenced by large non-operating items. Over the last several years, the company has moved from a much smaller balance sheet and intermittent losses to a very large asset base, but operating performance remains weak in the latest quarter and the income statement has been dominated by unusual gains and losses.

  • Cash jumped sharply in Q1 2026, rising to $159.7 million from $12.4 million in Q3 2025 and just $668 thousand in Q2 2025, giving the company a much stronger near-term liquidity position.
  • Total equity remained very high at $510.9 million in Q1 2026, suggesting the balance sheet is still asset-heavy and well-capitalized on paper.
  • Current liabilities were low relative to current assets, with $3.0 million of current liabilities against $551.2 million of current assets in Q1 2026, indicating a very large current ratio.
  • Operating cash flow was positive in some recent quarters, including $3.7 million in Q3 2025 and a strong cash build in Q1 2026 driven by financing activity.
  • Revenue returned in late 2025 and early 2026, with $9.8 million in Q4 2025 and $465 thousand in Q1 2026 after a zero-revenue quarter in Q2 2025.
  • Balance sheet composition changed materially over time, with “other current assets” making up a very large share of assets in several periods, which can make the quality of reported assets harder to judge.
  • The company has repeatedly relied on financing and debt issuance to support cash balances and operations, including $157.0 million of debt issuance in Q1 2026 and $8.0 million of financing cash inflow in Q3 2025.
  • Share count has been extremely volatile, ranging from under 500 thousand shares in Q1 2025 to 436.3 million shares in Q2 2025, which makes per-share comparisons difficult and suggests major capital structure changes.
  • Latest quarterly profitability was deeply negative, with Q1 2026 net loss of $105.9 million and EPS of $(11.86).
  • Operating results remain weak, as Q1 2026 posted only $465 thousand of revenue against $6.7 million of operating expenses, leading to an operating loss of $6.6 million.
  • Non-operating losses were enormous in Q1 2026, with other income/expense showing a negative $126.5 million swing, which was the main driver of the quarterly net loss.
  • Profitability has been inconsistent and often dependent on one-time items, including quarters with huge gains such as Q1 2025 and Q2 2025, followed by losses in later periods.
  • The business has a history of volatile earnings and cash flow, with several quarters showing minimal or negative operating cash flow and large swings in net income from period to period.

Bottom line: NXTT’s latest balance sheet looks liquid and well-capitalized, but the income statement shows persistent operating losses and major volatility below the operating line. For retail investors, the key issue is that the company’s headline financial strength appears to be driven more by financing and non-operating items than by consistent core business profitability.

07/21/26 07:27 AM ETAI Generated. May Contain Errors.

Next Technology Financials - Frequently Asked Questions

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

Next Technology's net income appears to be on an upward trend, with a most recent value of $143.16 million in 2025, falling from -$417.41 thousand in 2019. The previous period was $33.15 million in 2024. See where experts think Next Technology is headed by visiting Next Technology's forecast page.

Next Technology's total operating income in 2025 was -$80.20 million, based on the following breakdown:
  • Total Gross Profit: $1.76 million
  • Total Operating Expenses: $81.96 million

Over the last 6 years, Next Technology's total revenue changed from $0.00 in 2019 to $11.61 million in 2025, a change of 1,161,477,200.0%.

Next Technology's total liabilities were at $68.55 million at the end of 2025, a 507.3% increase from 2024, and a 3,737.2% increase since 2019.

In the past 6 years, Next Technology's cash and equivalents has ranged from $22.93 thousand in 2022 to $6.59 million in 2019, and is currently $5.62 million as of their latest financial filing in 2025.

Over the last 6 years, Next Technology's book value per share changed from 0.05 in 2019 to 196.57 in 2025, a change of 409,414.0%.


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Financial statements for NASDAQ:NXTT last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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