Nexxen International Financials

NEXN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Nexxen International (NEXN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NEXN FY2025 2026-04-22

Strong cash conversion lets the business fund large buybacks internally, even while reported earnings and cash reserves move unevenly.

Operating cash flow stayed positive even in FY2023’s loss year and still exceeded net income in FY2025, which suggests the cash engine is steadier than the earnings line. Cash then fell from $234.3M to $133.3M over two years. With debt-to-equity still under 5.0%, that points to capital returns rather than funding stress as the main reason liquidity shrank.

With sales essentially flat from FY2024 to FY2025, free cash flow margin still held at 26.9%, so this business does not need much top-line expansion to throw off cash. That matters because net margin was only 6.9%, leaving a wide gap between accounting profit and spendable cash.

The balance sheet remains lightly levered, with debt-to-equity at 3.9%, so creditors are not the main force shaping capital allocation. But the liquidity cushion is thinner, as the current ratio slipped to 1.3x after cash was directed toward repurchases instead of accumulating on the balance sheet.

Financial Health Signals

Financial Profile 46/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Nexxen International's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Nexxen International's revenue declined 0.2% year-over-year, from $365.5M to $364.8M. This contraction results in a growth score of 41/100.

Leverage

100

Nexxen International carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Nexxen International's current ratio of 1.29 is below the typical benchmark, resulting in a score of 21/100. However, the company holds substantial cash reserves (51% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

Nexxen International converts 26.9% of revenue into free cash flow ($98.0M). This strong cash generation earns a score of 96/100.

Returns

Nexxen International generates a 5.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is down from 6.7% the prior year.

Piotroski F-Score Neutral

6/9

Nexxen International passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

4.40x

For every $1 of reported earnings, Nexxen International generates $4.40 in operating cash flow ($110.1M OCF vs $25.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$364.8M

YoY-0.2%

5Y CAGR+11.5%

Nexxen International generated $364.8M in revenue in fiscal year 2025. This represents a decrease of 0.2% from the prior year.

EBITDA

N/A

Net Income

$25.0M

YoY-29.3%

5Y CAGR+63.6%

Nexxen International reported $25.0M in net income in fiscal year 2025. This represents a decrease of 29.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$98.0M

YoY-31.5%

5Y CAGR+23.2%

Nexxen International generated $98.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 31.5% from the prior year.

Cash & Debt

$133.3M

YoY-28.7%

5Y CAGR+6.5%

Nexxen International held $133.3M in cash against $18.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

56M

YoY-14.2%

Nexxen International had 56M shares outstanding in fiscal year 2025. This represents a decrease of 14.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

6.9%

YoY-2.8pp

5Y CAGR+5.9pp

Nexxen International's net profit margin was 6.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.

Return on Equity

5.3%

YoY-1.4pp

5Y CAGR+4.6pp

Nexxen International's ROE was 5.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$100.8M

YoY+63.3%

5Y CAGR+58.9%

Nexxen International spent $100.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 63.3% from the prior year.

Capital Expenditures

$12.1M

YoY+56.5%

5Y CAGR+82.8%

Nexxen International invested $12.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 56.5% from the prior year.

NEXN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$364.8M-0.2%	$365.5M+10.1%	$332.0M-1.0%	$335.3M-2.0%	$341.9M+61.4%	$211.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.7M-8.4%	$1.9M-1.3%	$1.9M+221.1%	$587K+3.0%	$570K-49.0%	$1.1M
Income Tax	$12.2M+294.7%	$3.1M+23.7%	$2.5M-87.3%	$19.7M+2176.8%	-$948K+90.1%	-$9.6M
Net Income	$25.0M-29.3%	$35.4M+264.9%	-$21.5M-194.5%	$22.7M-68.9%	$73.2M+3323.2%	$2.1M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

NEXN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$756.1M-10.0%	$840.5M-7.1%	$904.8M-5.4%	$956.2M+19.1%	$802.7M+50.0%	$535.0M
Current Assets	$337.3M-18.3%	$413.0M-8.5%	$451.6M-2.1%	$461.5M-16.4%	$552.0M+104.0%	$270.7M
Cash & Equivalents	$133.3M-28.7%	$187.1M-20.2%	$234.3M+7.7%	$217.5M-40.9%	$367.7M+277.3%	$97.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$318.4M-5.5%	$336.8M-7.0%	$362.0M-9.1%	$398.1M+7571.9%	$5.2M-97.7%	$224.5M
Total Liabilities	$281.4M-9.1%	$309.7M-14.3%	$361.3M-10.7%	$404.5M+75.6%	$230.4M+11.8%	$206.0M
Current Liabilities	$262.0M-8.4%	$286.1M+24.7%	$229.4M-18.2%	$280.6M+27.1%	$220.7M+19.2%	$185.2M
Long-Term Debt	$18.6M-18.4%	$22.9M-8.4%	$25.0M+63.8%	$15.2M+93.4%	$7.9M-35.2%	$12.2M
Total Equity	$474.7M-10.6%	$530.9M-2.3%	$543.5M-1.5%	$551.6M-3.6%	$572.4M+74.0%	$329.0M
Retained Earnings	$195.5M+14.7%	$170.4M+26.2%	$135.0M-13.7%	$156.5M+17.0%	$133.8M+121.2%	$60.5M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$756.1M-10.0%	$840.5M-7.1%	$904.8M-5.4%	$956.2M+19.1%	$802.7M+50.0%	$535.0M
Current Assets	$337.3M-18.3%	$413.0M-8.5%	$451.6M-2.1%	$461.5M-16.4%	$552.0M+104.0%	$270.7M
Cash & Equivalents	$133.3M-28.7%	$187.1M-20.2%	$234.3M+7.7%	$217.5M-40.9%	$367.7M+277.3%	$97.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$318.4M-5.5%	$336.8M-7.0%	$362.0M-9.1%	$398.1M+7571.9%	$5.2M-97.7%	$224.5M
Total Liabilities	$281.4M-9.1%	$309.7M-14.3%	$361.3M-10.7%	$404.5M+75.6%	$230.4M+11.8%	$206.0M
Current Liabilities	$262.0M-8.4%	$286.1M+24.7%	$229.4M-18.2%	$280.6M+27.1%	$220.7M+19.2%	$185.2M
Long-Term Debt	$18.6M-18.4%	$22.9M-8.4%	$25.0M+63.8%	$15.2M+93.4%	$7.9M-35.2%	$12.2M
Total Equity	$474.7M-10.6%	$530.9M-2.3%	$543.5M-1.5%	$551.6M-3.6%	$572.4M+74.0%	$329.0M
Retained Earnings	$195.5M+14.7%	$170.4M+26.2%	$135.0M-13.7%	$156.5M+17.0%	$133.8M+121.2%	$60.5M

NEXN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$110.1M-27.0%	$150.8M+148.3%	$60.7M-26.8%	$83.0M-51.2%	$170.1M+383.7%	$35.2M
Capital Expenditures	$12.1M+56.5%	$7.7M+72.2%	$4.5M-30.1%	$6.4M+90.4%	$3.4M+468.7%	$594K
Free Cash Flow	$98.0M-31.5%	$143.1M+154.4%	$56.2M-26.5%	$76.6M-54.1%	$166.7M+382.3%	$34.6M
Investing Cash Flow	-$48.6M-129.2%	-$21.2M-25.1%	-$17.0M+92.7%	-$233.0M-1313.2%	-$16.5M-435.2%	$4.9M
Financing Cash Flow	-$117.5M+32.7%	-$174.7M-558.2%	-$26.5M-968.7%	$3.1M-97.4%	$116.9M+622.5%	-$22.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$100.8M+63.3%	$61.7M+562.9%	$9.3M-89.2%	$86.3M+1198.4%	$6.6M-33.3%	$10.0M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

NEXN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	6.9%-2.8pp	9.7%+16.2pp	-6.5%-13.3pp	6.8%-14.6pp	21.4%+20.4pp	1.0%
Return on Equity	5.3%-1.4pp	6.7%+10.6pp	-4.0%-8.1pp	4.1%-8.7pp	12.8%+12.1pp	0.7%
Return on Assets	3.3%-0.9pp	4.2%+6.6pp	-2.4%-4.8pp	2.4%-6.7pp	9.1%+8.7pp	0.4%
Current Ratio	1.29-0.2	1.44-0.5	1.97+0.3	1.64-0.9	2.50+1.0	1.46
Debt-to-Equity	0.040.0	0.040.0	0.05+0.0	0.03+0.0	0.01-0.0	0.04
FCF Margin	26.9%-12.3pp	39.1%+22.2pp	16.9%-5.9pp	22.8%-25.9pp	48.8%+32.4pp	16.3%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.29-0.2	1.44-0.5	1.97+0.3	1.64-0.9	2.50+1.0	1.46
Debt-to-Equity	0.040.0	0.040.0	0.05+0.0	0.03+0.0	0.01-0.0	0.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Nexxen International's annual revenue?

Nexxen International (NEXN) reported $364.8M in total revenue for fiscal year 2025. This represents a -0.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Nexxen International's revenue growing?

Nexxen International (NEXN) revenue declined by 0.2% year-over-year, from $365.5M to $364.8M in fiscal year 2025.

Is Nexxen International profitable?

Yes, Nexxen International (NEXN) reported a net income of $25.0M in fiscal year 2025, with a net profit margin of 6.9%.

How much debt does Nexxen International have?

As of fiscal year 2025, Nexxen International (NEXN) had $133.3M in cash and equivalents against $18.6M in long-term debt.

What is Nexxen International's net profit margin?

Nexxen International (NEXN) had a net profit margin of 6.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Nexxen International's return on equity (ROE)?

Nexxen International (NEXN) has a return on equity of 5.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Nexxen International's free cash flow?

Nexxen International (NEXN) generated $98.0M in free cash flow during fiscal year 2025. This represents a -31.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Nexxen International's operating cash flow?

Nexxen International (NEXN) generated $110.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Nexxen International's total assets?

Nexxen International (NEXN) had $756.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Nexxen International's capital expenditures?

Nexxen International (NEXN) invested $12.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Nexxen International buy back shares?

Yes, Nexxen International (NEXN) spent $100.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Nexxen International have outstanding?

Nexxen International (NEXN) had 56M shares outstanding as of fiscal year 2025.

What is Nexxen International's current ratio?

Nexxen International (NEXN) had a current ratio of 1.29 as of fiscal year 2025, which is considered adequate.

What is Nexxen International's debt-to-equity ratio?

Nexxen International (NEXN) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nexxen International's return on assets (ROA)?

Nexxen International (NEXN) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Nexxen International's Piotroski F-Score?

Nexxen International (NEXN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nexxen International's earnings high quality?

Nexxen International (NEXN) has an earnings quality ratio of 4.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Nexxen International?

Nexxen International (NEXN) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.