NASDAQ : NXT
Nextpower Inc. — Financial statements
Technology · Solar · United States
Last price 79.33 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 12.04B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Nextpower Inc. (NXT) reported revenue of 3.83B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 3.83B | 3.56B | 2.96B | 2.50B | 1.90B | 1.46B |
| Cost of Revenue | 2.95B | 2.78B | 2.18B | 1.81B | 1.62B | 1.31B |
| Gross Profit | 886.80M | 780.22M | 783.95M | 691.64M | 286.97M | 147.03M |
| Selling, General & Admin | 365.67M | 331.59M | 284.98M | 183.57M | 95.43M | 54.01M |
| Research & Development | 162.54M | 120.91M | 79.39M | 42.36M | 21.62M | 14.18M |
| Other Operating Expenses | -379.87M | -379.87M | -224.88M | -121.41M | ||
| Operating Expenses | 148.33M | 72.62M | 139.50M | 104.53M | 117.05M | 68.18M |
| Operating Income | 738.47M | 707.60M | 644.45M | 587.12M | 169.93M | 78.85M |
| Interest Expense | -1.28M | -2.62M | -13.10M | -13.82M | -1.83M | -34.00K |
| Interest & Investment Income | 31.20M | 31.20M | 22.20M | |||
| Currency Exchange Gain (Loss) | -7.10M | -7.10M | -1.40M | -2.50M | ||
| Other Non Operating Income (Expenses) | 15.10M | 7.01M | 1.20M | 37.20M | 2.43M | -765.00K |
| EBT Excluding Unusual Items | 776.39M | 736.09M | 653.35M | 608.00M | 170.52M | 78.05M |
| Merger & Restructuring Charges | -10.33M | -10.33M | -5.34M | |||
| Legal Settlements | -1.44M | -12.94M | ||||
| Other Unusual Items | -11.93M | -11.93M | ||||
| Pretax Income | 754.13M | 713.83M | 648.02M | 608.00M | 169.08M | 65.11M |
| Income Tax Expense | 141.48M | 127.94M | 130.77M | 111.78M | 47.75M | 14.20M |
| Earnings From Continuing Operations | 612.65M | 585.88M | 517.25M | 496.21M | 121.33M | 50.91M |
| Minority Interest in Earnings | -8.08M | -189.97M | -2.45M | |||
| Net Income | 612.65M | 585.88M | 509.17M | 306.24M | 118.89M | 50.91M |
| Preferred Dividends & Other Adjustments | 117.74M | |||||
| Net Income to Common | 612.65M | 585.88M | 509.17M | 306.24M | 1.14M | 50.91M |
| Shares Outstanding (Basic) | 149.80M | 147.98M | 143.54M | 77.07M | 45.89M | |
| Shares Outstanding (Diluted) | 154.42M | 152.71M | 149.28M | 147.28M | 145.85M | |
| EPS (Basic) | 4.09 | 3.96 | 3.55 | 3.97 | 0.02 | |
| EPS (Diluted) | 3.97 | 3.84 | 3.47 | 3.37 | 0.02 | |
| Free Cash Flow | 512.30M | 513.63M | 621.87M | 422.81M | 104.49M | -153.03M |
| Free Cash Flow Per Share | 3.32 | 3.36 | 4.17 | 2.87 | 0.72 | |
| Gross Margin | 23.13% | 21.92% | 26.49% | 27.67% | 15.09% | 10.09% |
| Operating Margin | 19.26% | 19.88% | 21.78% | 23.49% | 8.93% | 5.41% |
| Profit Margin | 15.98% | 16.46% | 17.21% | 12.25% | 0.06% | 3.49% |
| Free Cash Flow Margin | 13.36% | 14.43% | 21.02% | 16.91% | 5.49% | -10.50% |
| EBITDA | 779.62M | 738.20M | 657.86M | 591.48M | 174.55M | 90.00M |
| EBITDA Margin | 20.33% | 20.74% | 22.23% | 23.66% | 9.18% | 6.17% |
| D&A For EBITDA | 41.14M | 30.60M | 13.41M | 4.36M | 4.63M | 11.15M |
| EBIT | 738.47M | 707.60M | 644.45M | 587.12M | 169.93M | 78.85M |
| EBIT Margin | 19.26% | 19.88% | 21.78% | 23.49% | 8.93% | 5.41% |
| Effective Tax Rate | 18.76% | 17.92% | 20.18% | 18.39% | 28.24% | 21.80% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.03B | 1.09B | 766.10M | 474.05M | 130.01M | 29.07M |
| Cash & Short-Term Investments | 1.03B | 1.09B | 766.10M | 474.05M | 130.01M | 29.07M |
| Accounts Receivable | 1.20B | 950.30M | 878.35M | 779.81M | 569.12M | 460.71M |
| Other Receivables | 359.68M | 352.60M | 215.62M | 125.42M | ||
| Receivables | 1.56B | 1.30B | 1.09B | 905.23M | 569.12M | 460.71M |
| Inventory | 264.14M | 262.28M | 209.43M | 201.74M | 138.06M | 172.21M |
| Other Current Assets | 204.93M | 186.41M | 88.48M | 187.22M | 35.08M | 52.07M |
| Total Current Assets | 3.06B | 2.85B | 2.16B | 1.77B | 872.26M | 714.06M |
| Property, Plant & Equipment | 108.64M | 129.23M | 93.19M | 26.63M | 10.59M | 11.78M |
| Long-Term Investments | 5.70M | |||||
| Goodwill | 653.59M | 488.95M | 371.02M | 265.15M | 265.15M | 265.15M |
| Other Intangible Assets | 233.38M | 78.05M | 53.24M | 1.55M | 1.32M | 2.53M |
| Long-Term Deferred Tax Assets | 510.23M | 511.81M | 498.78M | 438.27M | 257.10M | |
| Long-Term Deferred Charges | 2.00M | |||||
| Other Long-Term Assets | 74.95M | 10.92M | 18.30M | 18.95M | 13.25M | 23.76M |
| Total Assets | 4.64B | 4.07B | 3.19B | 2.52B | 1.42B | 1.02B |
| Accounts Payable | 643.66M | 533.49M | 585.30M | 456.64M | 211.35M | 266.60M |
| Accrued Expenses | 147.05M | 130.13M | 97.00M | 82.41M | 59.77M | 26.18M |
| Current Portion of Long-Term Debt | 3.75M | |||||
| Current Portion of Leases | 11.90M | 8.50M | 3.90M | 1.90M | 1.80M | |
| Current Unearned Revenue | 413.76M | 307.49M | 247.13M | 225.54M | 176.47M | 77.87M |
| Other Current Liabilities | 169.01M | 180.85M | 95.59M | 119.25M | 57.93M | 100.93M |
| Total Current Liabilities | 1.37B | 1.16B | 1.03B | 891.49M | 507.43M | 473.37M |
| Long-Term Debt | 143.97M | 147.15M | ||||
| Long-Term Leases | 40.96M | 25.61M | 13.60M | 1.49M | 2.70M | |
| Long-Term Unearned Revenue | 100.83M | 102.49M | 96.64M | 69.33M | 35.80M | 29.60M |
| Other Long-Term Liabilities | 519.34M | 431.50M | 408.62M | 408.37M | 242.95M | 10.48M |
| Total Liabilities | 1.99B | 1.74B | 1.56B | 1.53B | 934.82M | 516.16M |
| Common Stock | 2.65B | 15.00K | 15.00K | 14.00K | 15.00K | -3.04M |
| Additional Paid-In Capital | 4.31B | 4.19B | 4.03B | |||
| Retained Earnings | -1.97B | -2.56B | -3.07B | -3.08B | ||
| Comprehensive Income & Other | 183.00K | -298.00K | 17.00K | |||
| Total Common Equity | 2.65B | 2.33B | 1.63B | 961.01M | -3.08B | -3.04M |
| Minority Interest | 31.02M | 3.56B | ||||
| Shareholders' Equity | 2.65B | 2.33B | 1.63B | 992.03M | 484.86M | 501.13M |
| Total Liabilities & Equity | 4.64B | 4.07B | 3.19B | 2.52B | 1.42B | 1.02B |
| Total Debt | 52.86M | 34.11M | 165.22M | 150.54M | 4.50M | |
| Net Cash (Debt) | 1.03B | 1.04B | 731.99M | 308.84M | -20.53M | 24.57M |
| Net Cash Per Share | 6.67 | 6.82 | 4.90 | 2.10 | -0.14 | |
| Filing Date Shares Outstanding | 151.50M | 150.27M | 146.26M | 141.29M | 45.89M | |
| Total Common Shares Outstanding | 151.50M | 149.39M | 145.65M | 140.77M | 45.89M | |
| Working Capital | 1.69B | 1.68B | 1.12B | 876.75M | 364.84M | 240.69M |
| Book Value Per Share | 17.46 | 15.63 | 11.18 | 6.83 | -67.03 | |
| Tangible Book Value | 1.76B | 1.77B | 1.20B | 694.31M | -3.34B | -270.72M |
| Tangible Book Value Per Share | 11.61 | 11.83 | 8.27 | 4.93 | -72.84 | |
| Machinery | 91.66M | 51.44M | 22.41M | 19.14M | 14.65M | |
| Construction In Progress | 11.88M | 18.94M | 3.05M | 1.11M | 2.51M | |
| Leasehold Improvements | 17.48M | 10.85M | 5.17M | 4.30M | 4.15M | |
| Order Backlog | 5.00B |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 612.65M | 585.88M | 509.17M | 306.24M | 121.33M | 50.91M |
| Depreciation & Amortization | 41.14M | 30.60M | 13.41M | 4.36M | 4.63M | 11.15M |
| Other Amortization | 1.15M | 1.15M | 1.82M | 571.00K | 143.00K | |
| Stock-Based Compensation | 120.30M | 120.30M | 118.88M | 56.78M | 31.99M | 3.05M |
| Provision & Write-off of Bad Debts | 606.00K | 606.00K | -2.40M | 2.43M | 1.24M | -1.43M |
| Other Operating Activities | 36.22M | 36.22M | 15.93M | 151.35M | 27.60M | -3.72M |
| Change in Accounts Receivable | -64.57M | -64.57M | -56.41M | -213.12M | -167.35M | -191.07M |
| Change in Inventory | -46.55M | -46.55M | -2.97M | -60.98M | 25.06M | -87.74M |
| Change in Accounts Payable | -49.44M | -49.44M | 102.91M | 245.37M | -37.03M | 35.82M |
| Change in Unearned Revenue | 68.10M | 68.10M | 34.69M | 82.61M | 120.47M | 15.24M |
| Change in Other Net Operating Assets | -145.72M | -119.38M | -79.22M | -146.64M | -20.43M | 20.68M |
| Operating Cash Flow | 573.87M | 562.91M | 655.79M | 428.97M | 107.67M | -147.11M |
| Capital Expenditures | -61.57M | -49.28M | -33.92M | -6.16M | -3.18M | -5.92M |
| Sale of Property, Plant & Equipment | 24.00K | 167.00K | ||||
| Cash Acquisitions | -141.27M | -117.16M | -144.68M | |||
| Investment in Securities | -12.18M | -12.18M | ||||
| Other Investing Activities | -8.82M | -8.26M | -7.50M | -500.00K | ||
| Investing Cash Flow | -223.84M | -186.88M | -186.10M | -6.66M | -3.16M | -5.75M |
| Long-Term Debt Issued | 170.00M | |||||
| Long-Term Debt Repaid | -150.00M | -20.00M | ||||
| Net Debt Issued (Repaid) | -150.00M | 150.00M | ||||
| Issuance of Common Stock | 32.82M | 552.01M | 693.86M | |||
| Repurchase of Common Stock | -162.46M | -395.00K | -552.01M | -693.78M | ||
| Other Financing Activities | -35.84M | -46.77M | -27.65M | -78.27M | -153.65M | -8.66M |
| Financing Cash Flow | -165.49M | -47.16M | -177.65M | -78.27M | -3.57M | -8.66M |
| Net Cash Flow | 184.54M | 328.87M | 292.05M | 344.05M | 100.94M | -161.52M |
| Free Cash Flow | 512.30M | 513.63M | 621.87M | 422.81M | 104.49M | -153.03M |
| Free Cash Flow Margin | 13.36% | 14.43% | 21.02% | 16.91% | 5.49% | -10.50% |
| Free Cash Flow Per Share | 3.32 | 3.36 | 4.17 | 2.87 | 0.72 | |
| Levered Free Cash Flow | 385.61M | 310.63M | 538.26M | 240.25M | 115.33M | -153.07M |
| Unlevered Free Cash Flow | 385.26M | 311.12M | 544.62M | 248.32M | 116.33M | -153.05M |
| Cash Interest Paid | 10.32M | 10.65M | ||||
| Cash Income Tax Paid | 196.16M | 196.16M | 125.52M | 28.55M | ||
| Change in Working Capital | -238.19M | -211.85M | -1.02M | -92.76M | -79.27M | -207.07M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.04B | 17.90B | 6.06B | 7.68B | 1.66B | |
| Enterprise Value | 11.01B | 16.99B | 5.53B | 11.33B | 2.09B | |
| Last Close Price | 79.33 | 120.55 | 42.14 | 56.27 | 36.26 | |
| PE Ratio | 19.97 | 30.55 | 11.89 | 25.09 | 1,455.13 | |
| Forward PE | 15.79 | 27.05 | 11.18 | 18.39 | 26.08 | |
| PS Ratio | 3.14 | 5.03 | 2.05 | 3.07 | 0.87 | |
| PB Ratio | 4.54 | 7.67 | 3.72 | 7.75 | 3.43 | |
| P/TBV Ratio | 6.84 | 10.13 | 5.03 | 11.07 | ||
| P/FCF Ratio | 23.50 | 34.85 | 9.74 | 18.17 | 15.92 | |
| P/OCF Ratio | 20.97 | 31.80 | 9.23 | 17.91 | 15.45 | |
| PEG Ratio | 0.96 | 1.86 | 0.77 | 0.50 | 0.72 | |
| EV/Sales Ratio | 2.87 | 4.77 | 1.87 | 4.53 | 1.10 | |
| EV/EBITDA Ratio | 14.12 | 23.02 | 8.40 | 19.15 | 11.95 | |
| EV/EBIT Ratio | 14.90 | 24.01 | 8.57 | 19.30 | 12.28 | |
| EV/FCF Ratio | 21.49 | 33.08 | 8.89 | 26.79 | 19.96 | |
| Debt / Equity Ratio | 0.02 | 0.02 | 0.17 | 0.31 | 0.01 | |
| Debt / EBITDA Ratio | 0.07 | 0.05 | 0.28 | 0.85 | 0.05 | |
| Debt / FCF Ratio | 0.10 | 0.06 | 0.39 | 1.44 | ||
| Net Debt / Equity Ratio | -0.39 | -0.45 | -0.45 | -0.31 | 0.04 | -0.05 |
| Net Debt / EBITDA Ratio | -1.32 | -1.41 | -1.11 | -0.52 | 0.12 | -0.27 |
| Net Debt / FCF Ratio | -2.01 | -2.03 | -1.18 | -0.73 | 0.20 | 0.16 |
| Asset Turnover | 0.92 | 0.98 | 1.04 | 1.27 | 1.56 | 1.54 |
| Inventory Turnover | 12.15 | 11.78 | 10.58 | 10.64 | 10.41 | 10.21 |
| Quick Ratio | 1.89 | 2.06 | 1.80 | 1.55 | 1.38 | 1.03 |
| Current Ratio | 2.23 | 2.45 | 2.09 | 1.98 | 1.72 | 1.51 |
| Return on Equity (ROE) | 26.46% | 29.57% | 39.48% | 67.20% | 24.61% | 10.64% |
| Return on Assets (ROA) | 11.11% | 12.17% | 14.11% | 18.63% | 8.72% | 5.19% |
| Return on Invested Capital (ROIC) | 40.03% | 53.08% | 65.14% | 80.63% | 24.84% | 16.52% |
| Return on Capital Employed (ROCE) | 22.60% | 24.30% | 29.80% | 36.10% | 18.60% | 14.50% |
| Earnings Yield | 5.01% | 3.27% | 8.41% | 3.99% | 7.15% | |
| FCF Yield | 4.26% | 2.87% | 10.27% | 5.50% | 6.28% | |
| Buyback Yield / Dilution | -2.77% | -2.30% | -1.35% | -0.98% |