Nextracker Inc. Financials

NXT

Key Financial Metrics

Revenue

$3.0B

YoY+18.4%

Nextracker Inc. generated $3.0B in revenue in fiscal year 2025. This represents an increase of 18.4% from the prior year.

EBITDA

$652.5M

YoY+10.3%

Nextracker Inc.'s EBITDA was $652.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.3% from the prior year.

Free Cash Flow

$621.9M

YoY+47.1%

Nextracker Inc. generated $621.9M in free cash flow in fiscal year 2025, representing cash available after capital expenditures. This represents an increase of 47.1% from the prior year.

Net Income

$509.2M

YoY+66.3%

Nextracker Inc. reported $509.2M in net income in fiscal year 2025. This represents an increase of 66.3% from the prior year.

EPS (Diluted)

$3.47

YoY+3.0%

Nextracker Inc. earned $3.47 per diluted share in fiscal year 2025. This represents an increase of 3.0% from the prior year.

Cash & Debt

$766.1M

YoY+61.6%

Nextracker Inc. held $766.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

34.1%

YoY+1.6pp

Nextracker Inc.'s gross margin was 34.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the prior year.

Operating Margin

21.6%

YoY-1.9pp

Nextracker Inc.'s operating margin was 21.6% in fiscal year 2025, reflecting core business profitability. This is down 1.9 percentage points from the prior year.

Net Margin

17.2%

YoY+5.0pp

Nextracker Inc.'s net profit margin was 17.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.0 percentage points from the prior year.

Return on Equity

31.3%

YoY+0.4pp

Nextracker Inc.'s return on equity was 31.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the prior year.

R&D Spending

$79.4M

YoY+87.4%

Nextracker Inc. invested $79.4M in research and development in fiscal year 2025. This represents an increase of 87.4% from the prior year.

Share Buybacks

YoY-100.0%

Nextracker Inc. spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$33.9M

YoY+450.7%

Nextracker Inc. invested $33.9M in capital expenditures in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 450.7% from the prior year.

NXT Income Statement

Metric	FY25	FY25	FY25	FY24	FY23
Revenue	$3.0B+18.4%	$2.5B+31.4%	$1.9B+30.5%	$1.5B+21.9%	$1.2B
Cost of Revenue	$2.0B+15.6%	$1.7B+4.4%	$1.6B+23.2%	$1.3B+36.0%	$963.6M
Gross Profit	$1.0B+24.1%	$813.0M+183.3%	$287.0M+95.2%	$147.0M-36.6%	$232.0M
R&D Expenses	$79.4M+87.4%	$42.4M+95.9%	$21.6M+52.5%	$14.2M+9.0%	$13.0M
SG&A Expenses	$290.3M+58.2%	$183.6M+89.5%	$96.9M+44.7%	$66.9M+10.8%	$60.4M
Operating Income	$639.1M+8.9%	$587.1M+248.5%	$168.5M+155.6%	$65.9M-58.4%	$158.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	$130.8M+17.0%	$111.8M+134.1%	$47.8M+236.4%	$14.2M-57.9%	$33.7M
Net Income	$509.2M+66.3%	$306.2M+26692.7%	$1.1M	$0	$0
EPS (Diluted)	$3.47+3.0%	$3.37+16750.0%	$0.02	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q3'26	Q3'26	Q2'26	Q1'26	Q1'25
Revenue	$909.4M+0.5%	$905.3M+4.7%	$864.3M	N/A	$679.4M+6.9%	$635.6M-11.7%	$719.9M	N/A
Cost of Revenue	$621.2M+1.4%	$612.4M+5.1%	$582.5M	N/A	$438.5M+6.7%	$410.8M-14.9%	$482.5M	N/A
Gross Profit	$288.1M-1.6%	$292.9M+4.0%	$281.7M	N/A	$240.9M+7.2%	$224.8M-5.3%	$237.4M	N/A
R&D Expenses	$29.3M+8.9%	$26.9M+24.7%	$21.6M	N/A	$20.1M+4.7%	$19.2M+16.2%	$16.5M	N/A
SG&A Expenses	$82.7M-2.2%	$84.6M+14.5%	$73.9M	N/A	$70.6M-2.2%	$72.1M+18.6%	$60.8M	N/A
Operating Income	$176.1M-2.9%	$181.3M-2.6%	$186.2M	N/A	$150.2M+12.6%	$133.5M-16.6%	$160.1M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$49.3M+37.4%	$35.9M+6.2%	$33.8M	N/A	$42.8M+115.0%	$19.9M-26.6%	$27.2M	N/A
Net Income	$131.2M-10.6%	$146.9M-6.6%	$157.2M	N/A	$115.3M-0.1%	$115.4M-5.2%	$121.7M	N/A
EPS (Diluted)	$0.85-12.4%	$0.97-6.7%	$1.04	N/A	$0.790.0%	$0.79-6.0%	$0.84	N/A

NXT Balance Sheet

Metric	FY25	FY25	FY25	FY24	FY23
Total Assets	$3.2B+26.7%	$2.5B+77.4%	$1.4B+39.6%	$1.0B	N/A
Current Assets	$2.2B+22.0%	$1.8B+102.7%	$872.3M+22.2%	$714.1M	N/A
Cash & Equivalents	$766.1M+61.6%	$474.1M+264.6%	$130.0M+347.2%	$29.1M	N/A
Inventory	$209.4M+3.8%	$201.7M+46.1%	$138.1M-19.8%	$172.2M	N/A
Accounts Receivable	$472.5M+23.5%	$382.7M+41.1%	$271.2M+61.1%	$168.3M	N/A
Goodwill	$371.0M+39.9%	$265.2M0.0%	$265.2M0.0%	$265.2M	N/A
Total Liabilities	$1.6B+2.5%	$1.5B-66.0%	$4.5B+341.9%	$1.0B	N/A
Current Liabilities	$1.0B+15.9%	$891.5M+75.7%	$507.4M+7.2%	$473.4M	N/A
Long-Term Debt	$0-100.0%	$144.0M-2.2%	$147.1M	$0	N/A
Total Equity	$1.6B+64.1%	$992.0M+132.3%	-$3.1B	$0	$0
Retained Earnings	-$2.6B+16.6%	-$3.1B+0.3%	-$3.1B	$0	N/A

Metric	Q3'26	Q2'26	Q1'26	Q3'26	Q3'26	Q2'26	Q1'26	Q1'25
Total Assets	$3.8B+3.6%	$3.7B+8.2%	$3.4B+6.2%	$3.2B+7.0%	$3.0B+7.8%	$2.8B+5.4%	$2.6B+4.3%	$2.5B
Current Assets	$2.6B+5.0%	$2.4B+9.2%	$2.2B+3.5%	$2.2B+8.2%	$2.0B+11.8%	$1.8B+5.1%	$1.7B-4.0%	$1.8B
Cash & Equivalents	$952.6M+12.7%	$845.3M+13.7%	$743.4M-3.0%	$766.1M+10.5%	$693.5M+23.4%	$561.9M+19.1%	$471.9M-0.5%	$474.1M
Inventory	$275.3M+24.5%	$221.2M-2.6%	$227.1M+8.5%	$209.4M-3.6%	$217.3M+21.2%	$179.3M+8.0%	$166.0M-17.7%	$201.7M
Accounts Receivable	$452.2M-17.7%	$549.2M-0.8%	$553.6M+17.2%	$472.5M+3.2%	$457.9M+28.1%	$357.6M-11.0%	$401.9M+5.0%	$382.7M
Goodwill	$485.3M+2.5%	$473.7M+6.5%	$444.9M+19.9%	$371.0M+0.1%	$370.6M0.0%	$370.6M+12.9%	$328.4M+23.8%	$265.2M
Total Liabilities	$1.6B-2.0%	$1.7B+6.3%	$1.6B+1.2%	$1.6B+0.4%	$1.6B+4.9%	$1.5B-0.3%	$1.5B-2.4%	$1.5B
Current Liabilities	$1.1B-3.1%	$1.1B+8.5%	$1.0B-0.1%	$1.0B+14.2%	$904.6M+12.2%	$806.3M+0.4%	$803.0M-9.9%	$891.5M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$138.8M-1.2%	$140.5M-1.2%	$142.2M-1.2%	$144.0M
Total Equity	$2.2B+8.3%	$2.0B+9.9%	$1.8B+11.0%	$1.6B+14.3%	$1.4B+11.1%	$1.3B+12.8%	$1.1B+14.6%	$992.0M
Retained Earnings	-$2.1B+5.8%	-$2.3B+6.1%	-$2.4B+6.1%	-$2.6B+5.8%	-$2.7B+4.1%	-$2.8B+3.9%	-$2.9B+4.0%	-$3.1B

NXT Cash Flow Statement

Metric	FY25	FY25	FY25	FY24	FY23
Operating Cash Flow	$655.8M+52.9%	$429.0M+298.4%	$107.7M+173.2%	-$147.1M-256.0%	$94.3M
Capital Expenditures	$33.9M+450.7%	$6.2M+93.5%	$3.2M-46.2%	$5.9M+140.2%	$2.5M
Free Cash Flow	$621.9M+47.1%	$422.8M+304.7%	$104.5M+168.3%	-$153.0M-266.7%	$91.8M
Investing Cash Flow	-$186.1M-2694.2%	-$6.7M-110.8%	-$3.2M+45.1%	-$5.8M-94.1%	-$3.0M
Financing Cash Flow	-$177.6M-127.0%	-$78.3M-2091.1%	-$3.6M+58.7%	-$8.7M-109.0%	$96.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$552.0M-20.4%	$693.8M	$0	N/A

Metric	Q3'26	Q2'26	Q1'26	Q3'26	Q3'26	Q2'26	Q1'26	Q1'25
Operating Cash Flow	N/A	N/A	$81.3M	N/A	N/A	N/A	$120.8M	N/A
Capital Expenditures	N/A	N/A	$11.3M	N/A	N/A	N/A	$2.9M	N/A
Free Cash Flow	N/A	N/A	$70.1M	N/A	N/A	N/A	$118.0M	N/A
Investing Cash Flow	N/A	N/A	-$98.1M	N/A	N/A	N/A	-$113.1M	N/A
Financing Cash Flow	N/A	N/A	-$6.0M	N/A	N/A	N/A	-$10.0M	N/A
Dividends Paid	N/A	N/A	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	N/A	N/A

NXT Financial Ratios

Metric	FY25	FY25	FY25	FY24	FY23
Gross Margin	34.1%+1.6pp	32.5%+17.4pp	15.1%+5.0pp	10.1%-9.3pp	19.4%
Operating Margin	21.6%-1.9pp	23.5%+14.6pp	8.9%+4.3pp	4.5%-8.7pp	13.3%
Net Margin	17.2%+5.0pp	12.3%+12.2pp	0.1%+0.1pp	0.0%0.0pp	0.0%
Return on Equity	31.3%+0.4pp	30.9%	N/A	N/A	N/A
Return on Assets	16.0%+3.8pp	12.2%+12.1pp	0.1%+0.1pp	0.0%	N/A
Current Ratio	2.09+0.1	1.98+0.3	1.72+0.2	1.51	N/A
Debt-to-Equity	0.00-0.1	0.15+0.2	-0.05	N/A	N/A
FCF Margin	21.0%+4.1pp	16.9%+11.4pp	5.5%+16.0pp	-10.5%-18.2pp	7.7%

Metric	Q3'26	Q2'26	Q1'26	Q3'26	Q3'26	Q2'26	Q1'26	Q1'25
Gross Margin	31.7%-0.7pp	32.4%-0.3pp	32.6%	N/A	35.5%+0.1pp	35.4%+2.4pp	33.0%	N/A
Operating Margin	19.4%-0.7pp	20.0%-1.5pp	21.6%	N/A	22.1%+1.1pp	21.0%-1.2pp	22.2%	N/A
Net Margin	14.4%-1.8pp	16.2%-2.0pp	18.2%	N/A	17.0%-1.2pp	18.2%+1.3pp	16.9%	N/A
Return on Equity	6.1%-1.3pp	7.4%-1.3pp	8.7%	N/A	8.1%-0.9pp	9.0%-1.7pp	10.7%	N/A
Return on Assets	3.5%-0.5pp	4.0%-0.6pp	4.6%	N/A	3.9%-0.3pp	4.2%-0.5pp	4.6%	N/A
Current Ratio	2.36+0.2	2.18+0.0	2.16+0.1	2.09-0.1	2.200.0	2.21+0.1	2.11+0.1	1.98
Debt-to-Equity	0.77-0.1	0.85-0.0	0.88+0.9	0.00-0.1	0.10-0.0	0.11-0.0	0.13-0.0	0.15
FCF Margin	N/A	N/A	8.1%	N/A	N/A	N/A	16.4%	N/A

Frequently Asked Questions

What is Nextracker Inc.'s annual revenue?

Nextracker Inc. (NXT) reported $3.0B in revenue for fiscal year 2025.

How fast is Nextracker Inc.'s revenue growing?

Nextracker Inc. (NXT) revenue grew by 18.4% year-over-year, from $2.5B to $3.0B in fiscal year 2025.

Is Nextracker Inc. profitable?

Yes, Nextracker Inc. (NXT) reported a net income of $509.2M in fiscal year 2025, with a net profit margin of 17.2%.

What is Nextracker Inc.'s earnings per share (EPS)?

Nextracker Inc. (NXT) reported diluted earnings per share of $3.47 for fiscal year 2025.

What is Nextracker Inc.'s EBITDA?

Nextracker Inc. (NXT) had EBITDA of $652.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Nextracker Inc. have?

As of fiscal year 2025, Nextracker Inc. (NXT) had $766.1M in cash and equivalents against $0 in long-term debt.

What is Nextracker Inc.'s gross margin?

Nextracker Inc. (NXT) had a gross margin of 34.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Nextracker Inc.'s operating margin?

Nextracker Inc. (NXT) had an operating margin of 21.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Nextracker Inc.'s net profit margin?

Nextracker Inc. (NXT) had a net profit margin of 17.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Nextracker Inc.'s return on equity (ROE)?

Nextracker Inc. (NXT) has a return on equity of 31.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Nextracker Inc.'s free cash flow?

Nextracker Inc. (NXT) generated $621.9M in free cash flow during fiscal year 2025, representing cash available after capital expenditures.

What is Nextracker Inc.'s operating cash flow?

Nextracker Inc. (NXT) generated $655.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Nextracker Inc.'s total assets?

Nextracker Inc. (NXT) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Nextracker Inc.'s capital expenditures?

Nextracker Inc. (NXT) invested $33.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Nextracker Inc. spend on research and development?

Nextracker Inc. (NXT) invested $79.4M in research and development during fiscal year 2025.

What is Nextracker Inc.'s current ratio?

Nextracker Inc. (NXT) had a current ratio of 2.09 as of fiscal year 2025, which is generally considered healthy.

What is Nextracker Inc.'s debt-to-equity ratio?

Nextracker Inc. (NXT) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nextracker Inc.'s return on assets (ROA)?

Nextracker Inc. (NXT) had a return on assets of 16.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.