NXXT (NXXT) financial statements
NXXT reported revenue of $82M in fiscal 2025, up 86.9% a year over 5 years.
Net income was -$86M and the operating margin -85.8%, against -193.3% in 2020.
The diluted share count rose 382% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NXXT's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $4M | $7M | $15M | $23M | $28M | $82M |
| Cost of revenue | $4M | $7M | $15M | $22M | $26M | $75M |
| Gross profit | $42,172 | $206,683 | -$173,513 | $1M | $2M | $7M |
| Selling, general and admin | — | — | $16M | $9M | $12M | $66M |
| Operating income | -$7M | -$9M | -$17M | -$9M | -$12M | -$70M |
| Interest expense | $321,338 | $775,884 | $98,834 | $2M | $9M | $17M |
| Pre-tax income | -$7M | -$9M | -$18M | — | — | — |
| Income tax | $0 | $0 | — | — | — | — |
| Net income | -$7M | -$9M | -$18M | -$10M | -$21M | -$86M |
| EPS (diluted) | -$0.29 | -$0.18 | -$0.27 | -$6.98 | -$5.97 | -$0.72 |
| Diluted shares | 25M | 50M | 66M | 2M | 4M | 122M |
| Gross margin | 1.2% | 2.9% | -1.2% | 5.9% | 6.4% | 8.4% |
| Operating margin | -193.3% | -121.2% | -116.2% | -36.8% | -42.2% | -85.8% |
| Net margin | -202.3% | -129.7% | -116.4% | -45.1% | -77.0% | -104.8% |
Balance sheet
Fiscal years, from NXXT's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $882,870 | $17M | $4M | $226,985 | $2M | $384,140 |
| Receivables | $193,640 | $100,194 | $766,692 | $1M | $2M | $2M |
| Inventory | $41,055 | $46,343 | $151,248 | $134,057 | $126,400 | $609,861 |
| Total current assets | $1M | $17M | $5M | $2M | $3M | $3M |
| Property, plant and equipment | $428,567 | $2M | $5M | $3M | $8M | $7M |
| Goodwill | $109,983 | $109,983 | — | — | — | — |
| Total assets | $3M | $23M | $11M | $6M | $22M | $11M |
| Total current liabilities | $4M | $758,236 | $3M | $7M | $35M | $28M |
| Total liabilities | $4M | $1M | $5M | $8M | $35M | $33M |
| Shareholders' equity | -$1M | $22M | $6M | -$2M | -$13M | -$20M |
| Net debt | -$882,870 | -$14M | -$2M | -$226,985 | -$2M | -$384,140 |
Cash flow
Fiscal years, from NXXT's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$2M | -$6M | -$12M | -$7M | -$6M | -$14M |
| Capital spending | $24,075 | $2M | $3M | — | $4M | — |
| Free cash flow | -$2M | -$8M | -$15M | — | -$10M | — |
| Stock-based compensation | $5M | $2M | $1M | $290,334 | $268,667 | $17,333 |
| Net borrowing | $1M | -$695,711 | $2M | — | — | — |
| Free cash flow margin | -45.5% | -114.8% | -98.8% | — | -36.7% | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for NXXT.
Open NXXT in InvestinglyQuestions
What was NXXT's revenue in 2025?
$82M in fiscal 2025, from its 10-K filing.
From NXXT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.