NXT financial statements

The full income statement, balance sheet, and cash-flow statement for Nextpower Inc. (NXT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 149.2M2024-09 149.1M2024-12 149.0M2025-03 149.7M2025-06 150.9M2025-09 152.0M2025-12 153.9M2026-03 154.7M2026-07 155.1M+4.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
Revenue	3.56B YoY+20.3%	2.96B YoY+18.4%	2.50B YoY+31.4%	1.90B YoY+30.5%	1.46B YoY+21.9%
	1.16B YoY+15.0%	1.01B YoY+24.1%	813M YoY+183.3%	287M YoY+95.2%	147M YoY-36.6%
Cost of revenue	2.40B YoY+23.0%	1.95B YoY+15.6%	1.69B YoY+4.4%	1.62B YoY+23.2%	1.31B YoY+36.0%
Research & development	121M YoY+52.3%	79.4M YoY+87.4%	42.4M YoY+95.9%	21.6M YoY+52.5%	14.2M YoY+9.0%
Selling, general & administrative	342M YoY+17.8%	290M YoY+58.2%	184M YoY+89.5%	96.9M YoY+44.7%	66.9M YoY+10.8%
Amortization of intangibles	12.0M YoY+116.7%	5.52M YoY+1908.4%	275K YoY-77.2%	1.21M YoY-85.7%	8.46M YoY-43.6%
Provision for credit losses	606K YoY+125.3%	-2.40M YoY-198.8%	2.43M YoY+95.3%	1.24M YoY+187.0%	-1.43M YoY-158.6%
Operating income	697M YoY+9.1%	639M YoY+8.9%	587M YoY+248.5%	168M YoY+155.6%	65.9M YoY-58.4%
Other non-operating income	19.2M YoY-12.8%	22.0M YoY-36.6%	34.7M YoY+1327.4%	2.43M YoY+417.8%	-765K
Pre-tax income	714M YoY+10.2%	648M YoY+6.6%	608M YoY+259.6%	169M YoY+159.7%	65.1M YoY-58.8%
Income tax	128M YoY-2.2%	131M YoY+17.0%	112M YoY+134.1%	47.8M YoY+236.4%	14.2M YoY-57.9%
	586M YoY+15.1%	509M YoY+66.3%	306M YoY+26692.7%	1.14M	0.00
Net income to non-controlling interest	0.00 YoY-100.0%	8.08M YoY-95.7%	190M YoY+7666.7%	2.45M	0.00
Net income to common	586M YoY+15.1%	509M YoY+66.3%	306M	—	—
	$3.84 YoY+10.7%	$3.47 YoY+3.0%	$3.37 YoY+16750.0%	$0.02	—
EPS (basic)	$3.96 YoY+11.5%	$3.55 YoY-10.6%	$3.97 YoY+19750.0%	$0.02	—
	148M YoY+3.1%	144M YoY+86.3%	77.1M YoY+68.0%	45.9M	—
	153M YoY+2.3%	149M YoY+1.4%	147M YoY+1.0%	146M	—
Balance Sheet	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
	2.85B YoY+31.9%	2.16B YoY+22.0%	1.77B YoY+102.7%	872M YoY+22.2%	714M
Cash & equivalents	1.09B YoY+42.9%	766M YoY+61.6%	474M YoY+264.6%	130M YoY+347.2%	29.1M YoY-84.7%
Accounts receivable	417M YoY-11.7%	472M YoY+23.5%	383M YoY+41.1%	271M YoY+61.1%	168M
Inventory	262M YoY+25.2%	209M YoY+3.8%	202M YoY+46.1%	138M YoY-19.8%	172M
Other current assets	186M YoY+110.7%	88.5M YoY-52.7%	187M YoY+433.7%	35.1M YoY-32.6%	52.1M
	4.07B YoY+27.6%	3.19B YoY+26.7%	2.52B YoY+77.4%	1.42B YoY+39.6%	1.02B
Property, plant & equipment	78.4M YoY+29.7%	60.4M YoY+553.9%	9.24M YoY+27.3%	7.25M YoY-2.3%	7.42M
Operating lease right-of-use	50.9M YoY+55.1%	32.8M YoY+88.6%	17.4M YoY+421.1%	3.34M YoY-23.4%	4.36M
Goodwill	489M YoY+31.8%	371M YoY+39.9%	265M YoY+0.0%	265M YoY+0.0%	265M
Intangible assets	78.0M YoY+46.6%	53.2M YoY+3343.8%	1.55M YoY+17.0%	1.32M YoY-47.7%	2.53M
Deferred tax assets	512M YoY+2.6%	499M YoY+13.8%	438M YoY+72.0%	255M YoY+1509.6%	15.8M
Other non-current assets	—	—	—	—	28.1M
	1.16B YoY+12.6%	1.03B YoY+15.9%	891M YoY+75.7%	507M YoY+7.2%	473M
Accounts payable	533M YoY-8.9%	585M YoY+28.2%	457M YoY+116.1%	211M YoY-20.7%	267M
Accrued liabilities	130M YoY+34.2%	97.0M YoY+17.7%	82.4M YoY+37.9%	59.8M YoY+128.3%	26.2M
Deferred revenue	307M YoY+24.4%	247M YoY+9.6%	226M YoY+27.8%	176M YoY+126.6%	77.9M
Short-term & current debt	—	0.00 YoY-100.0%	3.75M	—	—
Other current liabilities	193M YoY+85.2%	104M YoY-15.5%	123M YoY+158.8%	47.6M YoY-25.0%	63.4M
	1.74B YoY+11.1%	1.56B YoY+2.5%	1.53B YoY+63.3%	935M YoY+81.1%	516M
Long-term debt	—	0.00 YoY-100.0%	144M YoY-2.2%	147M	0.00
Deferred revenue (non-current)	102M YoY+6.1%	96.6M YoY+39.4%	69.3M	—	—
Non-current lease liability	41.0M	—	—	—	—
Operating lease liability (total)	52.9M YoY+54.9%	34.1M YoY+95.4%	17.5M YoY+414.3%	3.39M YoY-24.7%	4.51M
Deferred tax liabilities	1.24M	0.00 YoY-100.0%	8.79M YoY+2256.6%	373K YoY-13.5%	431K
Other non-current liabilities	99.8M YoY+153.6%	39.4M YoY+29.5%	30.4M YoY-89.2%	280M YoY+555.0%	42.8M
	2.33B YoY+43.4%	1.63B YoY+64.1%	992M YoY+132.3%	-3.08B	0.00 YoY-100.0%
Additional paid-in capital	4.31B YoY+2.9%	4.19B YoY+3.9%	4.03B	0.00	—
Retained earnings	-1.97B YoY+22.9%	-2.56B YoY+16.6%	-3.07B YoY+0.3%	-3.08B	0.00
Accumulated other comprehensive income	183K YoY+161.4%	-298K YoY-1852.9%	17.0K	0.00	—
Non-controlling interest	—	0.00 YoY-100.0%	31.0M	0.00	—
Total equity incl. non-controlling	—	1.63B YoY+64.1%	992M YoY+132.3%	-3.08B	0.00
Total liabilities & equity	4.07B YoY+27.6%	3.19B YoY+26.7%	2.52B YoY+77.4%	1.42B YoY+39.6%	1.02B
	—	—	—	98.2M	—
	—	—	—	98.2M	—
Cash Flow	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
	563M YoY-14.2%	656M YoY+52.9%	429M YoY+298.4%	108M YoY+173.2%	-147M YoY-256.0%
Depreciation & amortization	30.6M YoY+128.3%	13.4M YoY+207.3%	4.36M YoY-5.7%	4.63M YoY-58.5%	11.1M YoY-33.7%
Intangible amortization	12.0M YoY+116.7%	5.52M YoY+1908.4%	275K YoY-77.2%	1.21M YoY-85.7%	8.46M YoY-43.6%
Share-based compensation	120M YoY+1.2%	119M YoY+109.4%	56.8M YoY+77.5%	32.0M YoY+949.7%	3.05M YoY-29.2%
Deferred income taxes	-223K YoY+98.3%	-12.9M YoY-133.4%	38.6M YoY+773.3%	-5.73M YoY-7.4%	-5.34M YoY-1497.9%
Change in receivables	-61.9M YoY-229.8%	47.6M YoY-58.2%	114M YoY-28.9%	160M YoY+252.6%	45.5M YoY+641.4%
Change in inventory	46.6M YoY+1467.5%	2.97M YoY-95.1%	61.0M YoY+343.3%	-25.1M YoY-128.6%	87.7M YoY+276.8%
	-187M YoY-0.4%	-186M YoY-2694.2%	-6.66M YoY-110.8%	-3.16M YoY+45.1%	-5.75M YoY-94.1%
Capital expenditure	49.3M YoY+45.3%	33.9M YoY+450.7%	6.16M YoY+93.5%	3.18M YoY-46.2%	5.92M YoY+140.2%
Free cash flow	514M YoY-17.4%	622M YoY+47.1%	423M YoY+304.7%	104M YoY+168.3%	-153M YoY-266.7%
Acquisitions	117M YoY-19.0%	145M	0.00	0.00	0.00
Proceeds from sale of PP&E	—	0.00	0.00 YoY-100.0%	24.0K YoY-85.6%	167K
Other investing activities	8.26M YoY+10.2%	7.50M YoY+1400.0%	500K	—	—
	-47.2M YoY+73.5%	-178M YoY-127.0%	-78.3M YoY-2091.1%	-3.57M YoY+58.7%	-8.66M YoY-109.0%
Long-term debt issued	0.00	0.00	0.00 YoY-100.0%	170M	0.00
Long-term debt repaid	0.00 YoY-100.0%	150M	0.00 YoY-100.0%	20.0M	0.00
Common stock issued	0.00	0.00 YoY-100.0%	552M YoY-20.4%	694M	0.00
Common stock repurchased	395K	0.00	0.00 YoY-100.0%	694M	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	0.00	0.00 YoY+100.0%	-3.05M YoY-6.9%	-2.85M	0.00
Net change in cash	329M YoY+12.6%	292M YoY-15.1%	344M YoY+240.8%	101M YoY+162.5%	-162M YoY-186.1%
Interest paid	0.00 YoY-100.0%	10.3M YoY-3.1%	10.7M	0.00	—
Income taxes paid	196M YoY+56.3%	126M YoY+339.6%	28.6M	0.00	—
Valuation Ratios	as ofMar 31 ’26	as ofMar 31 ’25	as ofMar 31 ’24	as ofMar 31 ’23	as ofMar 31 ’22
Market cap	18.6B YoY+195.5%	6.31B YoY-17.9%	7.68B YoY+115.8%	3.56B	—
P/E	31.8× YoY+156.8%	12.4× YoY-83.5%	75.2× YoY-97.6%	3115.4×	—
P/S	5.2× YoY+145.7%	2.1× YoY-36.7%	3.4× YoY+79.9%	1.9×	—
P/B	8.0× YoY+106.1%	3.9×	—	—	—
P/FCF	36.3× YoY+257.8%	10.1× YoY-54.0%	22.1× YoY-35.3%	34.1×	—
	3.1% YoY-61.1%	8.1% YoY+506.7%	1.3% YoY+4044.8%	0.03%	—
	2.8% YoY-72.1%	9.9% YoY+117.4%	4.5% YoY+54.5%	2.9%	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: NXT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NXT filings on SEC EDGAR → Not investment advice.