NXT ENERGY SLTNS INC (NSFDF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2024, filed Apr 30, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NSFDF SEC filings page.
NXT ENERGY SLTNS INC (NSFDF) reported $447K in revenue for fiscal year 2024, down 72.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
NXT Energy’s reported business is too small to absorb largely fixed overhead, while financing pressure has weakened its balance sheet.
Revenue fell72.5% in FY2024 while selling, general and administrative expense rose8.5% , showing that the cost base barely adjusted to the smaller business. Operating cash flow of-$2.76M nearly matched free cash flow of-$2.78M , indicating that the shortfall was primarily operational rather than caused by heavy reinvestment.
Liabilities reached
Interest expense rose
Financial Health Signals
NXT ENERGY SLTNS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
NXT ENERGY SLTNS INC passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
NXT ENERGY SLTNS INC reported a net loss of $6.3M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
NXT ENERGY SLTNS INC generated $447K in revenue in fiscal year 2024. This represents a decrease of 72.5% from the prior year.
NXT ENERGY SLTNS INC reported a net loss of $6.3M in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
NXT ENERGY SLTNS INC earned -$0.08 per diluted share (EPS) in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2024.
Cash & Balance Sheet
NXT ENERGY SLTNS INC recorded an outflow of $2.8M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
NXT ENERGY SLTNS INC held $507K in cash against $418K in long-term debt as of fiscal year 2024, with $5.4M of liabilities due within a year.
Not reported for fiscal year 2024.
Margins & Returns
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2024.
Capital Allocation
NXT ENERGY SLTNS INC invested $19K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 23.3% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
NSFDF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F | FY1420-F | FY1320-F | FY1220-F | FY1120-F | FY1020-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $447K-72.5% | $1.6Mn/m | $0-100.0% | $2.5M+2190.7% | $107K-98.8% | $9.2Mn/m | $0n/m | $0-100.0% | $1.1M-91.4% | $12.6M+273.2% | $3.4M+33.7% | $2.5M-77.0% | $11.0M+7620.9% | $142K-67.9% | $443K |
| SG&A Expenses | $2.8M+8.5% | $2.6M-6.2% | $2.8M+10.6% | $2.5M-4.7% | $2.6M-4.1% | $2.7M-15.0% | $3.2M-18.9% | $4.0M-5.7% | $4.2M+15.2% | $3.6M+2.4% | $3.6M-7.9% | $3.9M-14.6% | $4.5M+43.1% | $3.2M-13.9% | $3.7M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2.4Mn/m | -$3.6Mn/m | -$4.4M |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2.5Mn/m | -$3.4Mn/m | -$4.6M |
| Interest Expense | $521K+329.4% | $121K+353.5% | $27K-9.9% | $30K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0-100.0% | $60K-78.4% | $279Kn/m | -$3.5M | N/A | $376K-12.3% | $428K | N/A | N/A |
| Net Income | -$6.3Mn/m | -$4.1Mn/m | -$5.0Mn/m | -$2.4Mn/m | -$4.7M-261.5% | $2.9Mn/m | -$5.1M | N/A | N/A | N/A | N/A | N/A | $2.1Mn/m | -$3.5Mn/m | -$4.4M |
| EPS (Basic) | -$0.08n/m | -$0.05n/m | -$0.07n/m | -$0.04n/m | -$0.07-252.5% | $0.05n/m | -$0.08n/m | -$0.13n/m | -$0.13-179.6% | $0.16n/m | -$0.03n/m | -$0.12-343.4% | $0.05n/m | -$0.10n/m | -$0.14 |
| EPS (Diluted) | -$0.08n/m | -$0.05n/m | -$0.07n/m | -$0.04n/m | -$0.07-252.5% | $0.05n/m | -$0.08n/m | -$0.13n/m | -$0.13-183.5% | $0.15n/m | -$0.03n/m | -$0.12-404.0% | $0.04n/m | -$0.10n/m | -$0.14 |
| Diluted Shares (Avg) | 78M+0.8% | 78M+18.4% | 66M+1.5% | 65M+0.4% | 64M-5.5% | 68M+4.1% | 65M+20.1% | 55M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
NSFDF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F | FY1420-F | FY1320-F | FY1220-F | FY1120-F | FY1020-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.7M-15.3% | $11.5M-0.1% | $11.5M-31.9% | $16.9M-10.3% | $18.8M-20.5% | $23.7M+27.9% | $18.5M-3.1% | $19.1M-10.6% | $21.4M-24.3% | $28.2M+441.6% | $5.2M-18.9% | $6.4M-14.1% | $7.5M+132.5% | $3.2M+57.5% | $2.0M |
| Current Assets | $772K-55.4% | $1.7M+556.4% | $264K-91.4% | $3.1M-4.1% | $3.2M-51.0% | $6.5M+103.6% | $3.2M+211.9% | $1.0M-40.5% | $1.7M-77.7% | $7.7M+54.2% | $5.0M-19.0% | $6.2M-13.6% | $7.2M | N/A | N/A |
| Cash & Equivalents | $507K+66.7% | $304K+56.3% | $195K-89.0% | $1.8M-16.2% | $2.1M-4.3% | $2.2M+786.1% | $249K+86.9% | $133K-63.6% | $365K-92.9% | $5.1M+11630.8% | $44K-98.6% | $3.1M-38.5% | $5.1M+241.9% | $1.5M+219.7% | $464K |
| Short-Term Investments | $0n/m | $0n/m | $0-100.0% | $430K+60.9% | $268K-90.8% | $2.9M+2.1% | $2.9M+276.6% | $759K-29.9% | $1.1M-27.1% | $1.5M-66.7% | $4.5M+93.7% | $2.3M+4069.3% | $55K+461.6% | $10K-98.9% | $905K |
| Accounts Receivable | $74K-94.7% | $1.4M+3184.4% | $42K-93.6% | $659K-13.0% | $757K-29.1% | $1.1M+2277.9% | $45K-6.3% | $48K-68.7% | $153K-73.8% | $586K+172.9% | $215K-22.9% | $278K-41.4% | $474K+294.6% | $120K+3817.9% | $3K |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Total Liabilities | $9.9M+97.3% | $5.0M+95.4% | $2.6M-4.0% | $2.7M+4.9% | $2.6M-17.3% | $3.1M+300.7% | $772K-58.8% | $1.9M+186.4% | $654K-73.8% | $2.5Mn/m | -$25.5M-1770.2% | $1.5M-32.3% | $2.3M-28.2% | $3.1M | N/A |
| Current Liabilities | $5.4M+72.9% | $3.1M+107.9% | $1.5M+75.2% | $860K-18.3% | $1.1M+3.6% | $1.0M+155.7% | $397K-69.0% | $1.3M+180.4% | $456K-80.0% | $2.3M+238.2% | $675K | N/A | $2.2M-28.9% | $3.1M+374.6% | $649K |
| Non-Current Liabilities | $4.5M+137.6% | $1.9M+77.7% | $1.1M-41.4% | $1.8M+21.0% | $1.5M-27.5% | $2.1M+454.7% | $374K-36.8% | $592K+200.3% | $197K-9.2% | $217K+403.7% | $43K | N/A | $62K+8.9% | $57K | N/A |
| Long-Term Debt | $418K-22.6% | $540K-11.3% | $609K-16.8% | $732K-33.4% | $1.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$182K-102.8% | $6.5M-27.6% | $8.9M-37.1% | $14.2M-12.9% | $16.3M-20.8% | $20.6M+16.0% | $17.7M+2.9% | $17.2M-16.8% | $20.7M-19.5% | $25.7M-16.2% | $30.7M+526.1% | $4.9M-6.3% | $5.2M+6241.5% | $83K | N/A |
| Retained Earnings | -$75.2Mn/m | -$75.1Mn/m | -$69.3Mn/m | -$68.1Mn/m | -$65.8Mn/m | -$60.1Mn/m | -$60.4Mn/m | -$60.3Mn/m | -$49.5Mn/m | -$41.5Mn/m | -$58.5Mn/m | -$62.4Mn/m | -$61.3Mn/m | -$62.0Mn/m | -$59.4M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
NSFDF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F | FY1420-F | FY1320-F | FY1220-F | FY1120-F | FY1020-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.8Mn/m | -$3.7Mn/m | -$2.2Mn/m | -$809Kn/m | -$2.7M-185.5% | $3.1Mn/m | -$4.4Mn/m | -$4.4Mn/m | -$5.7M-212.0% | $5.0Mn/m | -$3.1Mn/m | -$729K-191.5% | $796Kn/m | -$1.7Mn/m | -$2.7M |
| Depreciation & Amortization | $1.3M-1.7% | $1.3M+2.0% | $1.3M-6.0% | $1.4M-0.4% | $1.4M+1.6% | $1.4M+4.7% | $1.3M-13.4% | $1.5M-3.3% | $1.6M+207.8% | $509K+779.9% | $58K-28.0% | $80K-36.0% | $126K-20.5% | $158Kn/m | -$164K |
| Stock-Based Compensation | $187K+2.1% | $183K+14.9% | $159K-29.4% | $225K+70.6% | $132K+290.7% | $34K-88.1% | $283K-39.1% | $464K-21.1% | $589K-24.6% | $781K+37.7% | $567K+22.6% | $463K+73.8% | $266K | N/A | N/A |
| Capital Expenditures | $19K-23.3% | $24Kn/m | $0n/m | $0n/m | $0-100.0% | $167K+2179.6% | $7K-99.7% | -$2.5M+3647.0% | $67K-97.3% | $2.4M+6678.6% | $36K | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$2.8Mn/m | -$3.7Mn/m | -$2.2Mn/m | -$809Kn/m | -$2.7M-190.3% | $3.0Mn/m | -$4.5Mn/m | -$6.9Mn/m | -$5.7M-319.6% | $2.6Mn/m | -$3.1M | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$19Kn/m | -$24K-106.0% | $406Kn/m | -$214K-108.0% | $2.7Mn/m | -$134Kn/m | -$2.2M-187.1% | $2.5M+534.0% | $393Kn/m | -$201Kn/m | -$2.3Mn/m | -$1.9Mn/m | -$455K-152.3% | $870Kn/m | -$1.1M |
| Financing Cash Flow | $3.0M-21.2% | $3.8M+1219.1% | $288K-58.0% | $685Kn/m | -$136Kn/m | -$1.1M-115.9% | $6.7M+316.2% | $1.6M+366.8% | $346K+46.1% | $237K-90.9% | $2.6M+157.3% | $1.0M-68.5% | $3.2M+70.7% | $1.9M+4015.7% | $46K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
NSFDF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F | FY1420-F | FY1320-F | FY1220-F | FY1120-F | FY1020-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 22.0% | -2506.4% | -1003.2% |
| Net Margin | -1408.9% | -254.1% | N/A | -99.7% | -4414.1% | 31.7% | N/A | N/A | N/A | N/A | N/A | N/A | 18.9% | -2478.1% | -1005.0% |
| Return on Equity | N/A | -63.8%-8.1pp | -55.7%-38.5pp | -17.2%+11.8pp | -29.0%-43.2pp | 14.2%+43.0pp | -28.8% | N/A | N/A | N/A | N/A | N/A | 39.6%+4308.8pp | -4269.3% | N/A |
| Return on Assets | -64.7%-28.8pp | -35.9%+7.3pp | -43.2%-28.8pp | -14.5%+10.6pp | -25.1%-37.5pp | 12.4%+39.9pp | -27.6% | N/A | N/A | N/A | N/A | N/A | 27.7%+137.1pp | -109.5%+108.1pp | -217.5% |
| Current Ratio | 0.14-0.4x | 0.55+0.4x | 0.17-3.4x | 3.56+0.5x | 3.04-3.4x | 6.41-1.6x | 8.05+7.3x | 0.80-3.0x | 3.78+0.4x | 3.39-4.0x | 7.43 | N/A | 3.27 | N/A | N/A |
| Debt-to-Equity | N/A | 0.080.0x | 0.070.0x | 0.050.0x | 0.07 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | N/A | 0.78+0.5x | 0.29+0.1x | 0.190.0x | 0.160.0x | 0.15+0.1x | 0.04-0.1x | 0.11+0.1x | 0.03-0.1x | 0.10 | N/A | 0.31-0.1x | 0.43-37.6x | 38.00 | N/A |
| Asset Turnover | 0.05-0.1x | 0.14+0.1x | 0.00-0.1x | 0.15+0.1x | 0.01-0.4x | 0.39+0.4x | 0.000.0x | 0.00-0.1x | 0.05-0.4x | 0.45-0.2x | 0.65+0.3x | 0.39-1.1x | 1.47+1.4x | 0.04-0.2x | 0.22 |
| FCF Margin | -620.3% | -226.7% | N/A | -33.0% | -2494.8% | 32.0% | N/A | N/A | -530.5% | 20.7%+113.3pp | -92.6% | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$182K), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.14), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| NXT ENERGY SLTNS INC NSFDF | FY2024 | $447K | -$6.3M | N/A | $32.3M | — |
| QS ENERGY INC QSEP | FY2025 | $0 | N/A | N/A | $45.1M | — |
| KOIL ENERGY SOLUTIONS INC KLNG | FY2025 | $24.1M | -$38K | -0.2% | $34.8M | — |
Where NXT ENERGY SLTNS INC Ranks
Frequently Asked Questions
What is NXT ENERGY SLTNS INC's annual revenue?
NXT ENERGY SLTNS INC (NSFDF) reported $447K in total revenue for fiscal year 2024. This represents a -72.5% 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 NXT ENERGY SLTNS INC's revenue growing?
NXT ENERGY SLTNS INC (NSFDF) revenue declined by 72.5% year-over-year, from $1.6M to $447K in fiscal year 2024.
Is NXT ENERGY SLTNS INC profitable?
No, NXT ENERGY SLTNS INC (NSFDF) reported a net loss of $6.3M in fiscal year 2024.
How much debt does NXT ENERGY SLTNS INC have?
As of fiscal year 2024, NXT ENERGY SLTNS INC (NSFDF) had $507K in cash and equivalents against $418K in long-term debt.
What is NXT ENERGY SLTNS INC's free cash flow?
NXT ENERGY SLTNS INC (NSFDF) recorded an outflow of $2.8M in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 NXT ENERGY SLTNS INC's operating cash flow?
NXT ENERGY SLTNS INC (NSFDF) recorded an outflow of $2.8M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are NXT ENERGY SLTNS INC's total assets?
NXT ENERGY SLTNS INC (NSFDF) had $9.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are NXT ENERGY SLTNS INC's capital expenditures?
NXT ENERGY SLTNS INC (NSFDF) invested $19K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is NXT ENERGY SLTNS INC's current ratio?
NXT ENERGY SLTNS INC (NSFDF) had a current ratio of 0.14 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is NXT ENERGY SLTNS INC's return on assets (ROA)?
NXT ENERGY SLTNS INC (NSFDF) had a return on assets of -64.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is NXT ENERGY SLTNS INC's P/E ratio?
NXT ENERGY SLTNS INC (NSFDF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $32.3M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NXT ENERGY SLTNS INC's price-to-sales ratio?
NXT ENERGY SLTNS INC (NSFDF) trades at 72.2x sales, its market capitalization divided by $447K revenue, FY2024. The market capitalization is $32.3M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does NXT ENERGY SLTNS INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, NXT ENERGY SLTNS INC (NSFDF) held $507K in cash, cash equivalents and investments, and reported an operating cash outflow of $2.8M over that year. Dividing the one by the other, the reported balance equals about 2 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is NXT ENERGY SLTNS INC's debt-to-equity ratio negative or not reported?
NXT ENERGY SLTNS INC (NSFDF) has negative shareholder equity of -$182K as of fiscal year 2024, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is NXT ENERGY SLTNS INC's Piotroski F-Score?
NXT ENERGY SLTNS INC (NSFDF) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 NXT ENERGY SLTNS INC's earnings high quality?
NXT ENERGY SLTNS INC (NSFDF) reported a net loss of $6.3M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.