Next Meats Holdings (NXMH) 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 Nov 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for Q3 FY2024, filed Mar 25, 2024. Each column of the statement tables below links to the filing it was taken from.
Next Meats Holdings Inc (NXMH) reported $904K in revenue over the twelve months to Jan 31, 2024. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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.
Sales contracted sharply, margins thinned, and the balance sheet now leaves little equity cushion against continuing operating losses.
The cash-conversion gap is more revealing than the loss alone: FY2023 reported a net loss of$4.8M alongside operating cash outflow of$1.7M . Cash use narrowed from$8.5M in FY2022, but the simultaneous 12.8 percentage-point gross-margin decline suggests lower activity reduced cash demands without restoring healthy unit economics.
Revenue fell
The company’s balance-sheet cushion compressed: liabilities represented
Financial Health Signals
We do not publish a peer-relative financial health score for Next Meats Holdings Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Next Meats Holdings Inc passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Next Meats Holdings Inc reported a net loss of $4.8M while operations used $1.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Next Meats Holdings Inc generated $204K in revenue in Q3 2024. This represents a decrease of 7.9% from the same quarter a year earlier. Against the prior quarter it is up 3.5%.
Next Meats Holdings Inc's EBITDA was $271K in Q3 2024, measuring earnings before interest, taxes, depreciation, and amortization. Against the prior quarter it is up 10.9%.
Next Meats Holdings Inc reported a net loss of $166K in Q3 2024. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2024.
Cash & Balance Sheet
Next Meats Holdings Inc held $40K in cash as of Q3 2024; no long-term debt figure is on record for that period.
Not reported for Q3 2024.
Not reported for Q3 2024.
Margins & Returns
Next Meats Holdings Inc's gross margin was 25.3% in Q3 2024, indicating the percentage of revenue retained after direct costs. This is up 20.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.1 percentage points.
Next Meats Holdings Inc's net profit margin was -81.1% in Q3 2024, showing the share of revenue converted to profit. This is down 40.8 percentage points from the same quarter a year earlier.
Not shown for Q3 2024: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q3 2024.
Capital Allocation
None of these metrics is reported for Q3 2024.
NXMH 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 | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $204K-7.9% | $197K-57.6% | $197K-51.5% | $305K | $222K-80.0% | $466K | $405K-70.4% | N/A |
| Cost of Revenue | $98K-53.1% | $52K-87.6% | $41K-88.0% | $350K | $210K-70.2% | $423K | $345K-72.8% | N/A |
| Gross Profit | $52K+340.3% | $56K+29.7% | $79K+30.1% | -$44K-106.1% | $12K-97.1% | $43K+321.6% | $61K-38.6% | $726K |
| SG&A Expenses | $228K-27.6% | $288K-63.1% | $433K-54.5% | $746K | $315K-80.4% | $781K-32.7% | $951K+7644.4% | N/A |
| Operating Income | $265K | $239K | N/A | N/A | N/A | N/A | N/A | N/A |
| EBITDA | $271K | $244K | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | -$341n/m | $341n/m | N/A | N/A |
| Net Income | -$166Kn/m | -$324Kn/m | -$337Kn/m | -$3.0M | -$89Kn/m | -$787Kn/m | -$942Kn/m | N/A |
| EPS (Basic) | $0.00n/m | $0.00n/m | $0.00n/m | -$0.01n/m | $0.00n/m | $0.00n/m | $0.00n/m | $0.00-100.0% |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense, EPS (Diluted), Diluted Shares (Avg).
NXMH 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 | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $615K-84.9% | $601K-81.8% | $840K-82.0% | $1.2M-78.6% | $4.1M-47.6% | $3.3M+1168.0% | $4.7M+2383.8% | $5.7M-32.5% |
| Current Assets | $397K-84.2% | $379K-80.5% | $598K-80.3% | $962K-75.0% | $2.5M-53.0% | $1.9M+2574.8% | $3.0M | $3.8M-50.5% |
| Cash & Equivalents | $40K-31.2% | $27K-53.8% | $168K+100.4% | $292K-52.9% | $58K-91.5% | $58K | $84Kn/m | $620Kn/m |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0n/m | $0n/m |
| Inventory | $82K-81.7% | $141K-71.9% | $144K-68.6% | $135K-77.5% | $449K+7.8% | $502K+8150.6% | $459K | $598K+139.8% |
| Accounts Receivable | $214K-59.9% | $152K-86.3% | $125K-89.8% | $339K-73.7% | $534K-69.9% | $1.1M | $1.2M | $1.3M+389.1% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0n/m | $0n/m |
| Total Liabilities | $1.5M+82.7% | $1.3M+113.8% | $1.2M+36.5% | $1.2M+38.0% | $824K-37.2% | $620K+5335.8% | $903K+15462.1% | $854K-89.9% |
| Current Liabilities | $1.0M+48.0% | $1.1M+189.3% | $855K+32.6% | $817K+40.3% | $700K-30.6% | $394K+3351.7% | $645K+11023.6% | $582K+5902.1% |
| Non-Current Liabilities | $469K+279.5% | $187K-17.4% | $377K+46.3% | $361K+33.0% | $124K-59.3% | $226Kn/m | $257Kn/m | $272K-96.8% |
| Total Equity | -$891K-127.9% | -$724K-127.0% | -$392K-110.4% | $46K-99.0% | $3.2M-50.6% | $2.7M+977.0% | $3.8M+1966.3% | $4.9Mn/m |
| Retained Earnings | -$12.5Mn/m | -$12.4Mn/m | -$12.0Mn/m | -$11.7Mn/m | -$5.9Bn/m | -$5.9Bn/m | -$5.9B | -$6.9Mn/m |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
NXMH 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 | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3Kn/m | -$189K-306.7% | -$44Kn/m | -$840Kn/m | -$357Kn/m | $91K | -$554Kn/m | -$1.3Mn/m |
| Depreciation & Amortization | $6K-48.3% | $6K-25.1% | $7K-33.5% | $8K-44.7% | $13K-10.7% | $8K-39.7% | $10K-13.4% | $15K+248.7% |
| Investing Cash Flow | N/A | N/A | N/A | $909K+39.9% | -$144K-519.5% | $234K+2.4% | $214Kn/m | $649Kn/m |
| Financing Cash Flow | $566-99.5% | $68K+360.4% | $131Kn/m | $334K-76.4% | $108K-72.5% | $15K | -$10K-104.7% | $1.4M-79.9% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
NXMH 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 | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.3%+20.0pp | 28.4%+19.1pp | 40.0%+25.1pp | -14.5% | 5.3%-31.4pp | 9.3% | 14.9%+7.7pp | N/A |
| Operating Margin | 129.6% | 120.9% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -81.1%-40.8pp | -163.9% | -171.0% | -987.2% | -40.4% | -168.9% | -232.5% | N/A |
| Return on Equity | N/A | N/A | N/A | -6485.4% | -2.8%+15.9pp | -29.3%+438.8pp | -25.1%-18.3pp | N/A |
| Return on Assets | -27.0%-24.8pp | -53.8%-30.0pp | -40.0%-19.8pp | -246.1% | -2.2%+13.4pp | -23.8%+423.8pp | -20.2%-13.7pp | N/A |
| Current Ratio | 0.38-3.2x | 0.33-4.6x | 0.70-4.0x | 1.18-5.4x | 3.59-1.7x | 4.95-1.4x | 4.69 | 6.60-793.6x |
| Liabilities-to-Equity | N/A | N/A | N/A | 25.36+25.2x | 0.26+0.1x | 0.23+0.2x | 0.24+0.2x | 0.18 |
| Asset Turnover | 0.33+0.3x | 0.33+0.2x | 0.23+0.1x | 0.25 | 0.05-0.1x | 0.14 | 0.09-7.2x | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity, FCF 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.
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Next Meats Holdings Inc NXMH | FY2023 | $1.4M | -$4.8M | N/A | $7.4M | — |
| BAB Inc BABB | FY2025 | $3.4M | $559K | 16.3% | $5.9M | — |
| Integrated BioPharma Inc INBP | FY2026 | $43.9M | -$2.8M | -6.5% | $5.1M | — |
| Limitless X Holdings Inc LIMX | FY2025 | $947K | N/A | N/A | $4.6M | — |
Where Next Meats Holdings Inc Ranks
Frequently Asked Questions
Next Meats Holdings Inc (NXMH) reported $1.4M in total revenue for fiscal year 2023. This represents a -79.9% 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.
Next Meats Holdings Inc (NXMH) revenue declined by 79.9% year-over-year, from $7.0M to $1.4M in fiscal year 2023.
No, Next Meats Holdings Inc (NXMH) reported a net loss of $3.8M over the trailing 12 months to January 31, 2024. In fiscal year 2023 it reported a net loss of $4.8M.
Next Meats Holdings Inc (NXMH) had a gross margin of 5.1% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
Next Meats Holdings Inc (NXMH) has a return on equity of -10399.5% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
Next Meats Holdings Inc (NXMH) recorded an outflow of $1.7M in operating cash flow during fiscal year 2023, representing cash used by core business activities.
Next Meats Holdings Inc (NXMH) had $1.2M in total assets as of fiscal year 2023, including both current and long-term assets.
Next Meats Holdings Inc (NXMH) had a current ratio of 1.18 as of fiscal year 2023, which is considered adequate.
Next Meats Holdings Inc (NXMH) had a liabilities-to-equity ratio of 25.36 as of fiscal year 2023, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2023, because the filing data we hold for that year carries no long-term debt figure.
Next Meats Holdings Inc (NXMH) had a return on assets of -394.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
Next Meats Holdings Inc (NXMH) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to January 31, 2024). The market capitalization is $7.4M as of Nov 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Next Meats Holdings Inc (NXMH) trades at 8.2x sales, its market capitalization divided by $904K revenue, trailing 12 months to January 31, 2024. The market capitalization is $7.4M as of Nov 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2023, Next Meats Holdings Inc (NXMH) held $292K in cash, cash equivalents and investments, and reported an operating cash outflow of $1.7M 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.
Next Meats Holdings Inc (NXMH) has a Piotroski F-Score of 1 out of 7 computable signals; 2 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.
Next Meats Holdings Inc (NXMH) reported a net loss of $4.8M while operations used $1.7M 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.