NEXN (NEXN) financial statements
NEXN reported revenue of $365M in fiscal 2025, up 1.9% a year over 6 years.
Net income was $25M and the operating margin 8.9%, against 1.2% in 2019.
Free cash flow was $80M, and the company returned $102M in net buybacks.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NEXN's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $326M | $212M | $342M | $335M | $332M | $365M | $365M |
| Cost of revenue | $187M | $60M | $72M | $61M | $62M | $61M | $55M |
| Gross profit | $139M | $152M | $270M | $275M | $270M | $304M | $310M |
| Research and development | $16M | $13M | $18M | $34M | $50M | $50M | $58M |
| Selling, general and admin | $34M | $30M | $63M | $68M | $51M | $41M | $33M |
| Operating income | $4M | -$6M | $74M | $45M | -$17M | $41M | $32M |
| Interest expense | $1M | $2M | $3M | $5M | $10M | $9M | $2M |
| Pre-tax income | $4M | -$7M | $72M | $42M | -$19M | $39M | $37M |
| Income tax | -$3M | -$10M | -$948,000 | $20M | $3M | $3M | $12M |
| Net income | $6M | $2M | $73M | $23M | -$21M | $35M | $25M |
| EPS (diluted) | $0.10 | $0.04 | $0.96 | $0.30 | -$0.30 | $0.51 | $0.41 |
| Diluted shares | 57M | 69M | 76M | 77M | 72M | 70M | 61M |
| Gross margin | 42.5% | 71.8% | 79.0% | 81.9% | 81.2% | 83.3% | 84.9% |
| Operating margin | 1.2% | -2.8% | 21.8% | 13.3% | -5.1% | 11.2% | 8.9% |
| Net margin | 1.9% | 1.0% | 21.4% | 6.8% | -6.5% | 9.7% | 6.9% |
Balance sheet
Fiscal years, from NEXN's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $79M | $97M | $368M | $218M | $234M | $187M | $133M |
| Receivables | — | $154M | $165M | $220M | $202M | $218M | $196M |
| Total current assets | — | $271M | $552M | $462M | $452M | $413M | $337M |
| Property, plant and equipment | — | $3M | $3M | $30M | $21M | $16M | $18M |
| Goodwill | — | — | $5M | — | — | — | — |
| Total assets | — | $535M | $803M | $956M | $905M | $841M | $756M |
| Total current liabilities | — | $185M | $221M | $281M | $229M | $286M | $262M |
| Long-term debt | — | — | $0 | $99M | $99M | $0 | — |
| Total liabilities | — | $206M | $230M | $405M | $361M | $310M | $281M |
| Shareholders' equity | $301M | $329M | $572M | $552M | $544M | $531M | $475M |
| Net debt | -$79M | -$97M | -$368M | -$119M | -$135M | -$187M | -$133M |
Cash flow
Fiscal years, from NEXN's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $45M | $35M | $170M | $83M | $61M | $151M | $110M |
| Capital spending | $7M | $5M | $8M | $15M | $20M | $24M | $30M |
| Free cash flow | $38M | $30M | $162M | $68M | $41M | $127M | $80M |
| Stock-based compensation | $16M | $14M | $43M | $51M | $19M | $11M | $18M |
| Share buybacks (net) | -$25M | -$10M | -$7M | -$86M | -$10M | -$61M | -$102M |
| Net borrowing | -$17M | $0 | $0 | $99M | $0 | $0 | — |
| Free cash flow margin | 11.8% | 14.0% | 47.3% | 20.2% | 12.4% | 34.8% | 22.0% |
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Open NEXN in InvestinglyQuestions
What was NEXN's revenue in 2025?
$365M in fiscal 2025, from its 10-K filing.
How much free cash flow does NEXN generate?
$80M in fiscal 2025 (operating cash flow minus capital spending).
From NEXN's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.