What is Next Technology's earnings per share (EPS)?

Next Technology (NXTT) reported diluted earnings per share of $61.77 for fiscal year 2025. This represents a -91.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Next Technology Financials

NXTT

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Next Technology (NXTT) 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 NXTT FY2025 2026-04-29

Reported earnings are being driven more by balance-sheet expansion than by the operating business, which remains cash-negative.

By FY2025, net income was $143.2M while operating income was -$80.2M, and operating cash flow was also negative; the same disconnect was visible in FY2024. With assets climbing from $48.9M in FY2023 to $524.1M in FY2025 while sales remained modest, reported profit appears to be driven outside the core operating line.

The balance sheet is lightly levered: FY2025 liabilities were $68.6M against equity of $455.6M, so this much larger asset base is not being funded mainly with debt. That matters because weak operations have not yet forced aggressive borrowing or asset sales.

This is also a non-cash current-asset story more than a normal working-capital story. Even with cash of only $5.6M and receivables of $355K, current assets represented essentially the whole asset base, implying most resources sit in other short-term holdings rather than in a conventional operating cycle.

Financial Health Signals

Financial Health Score 51/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Next Technology'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.

Profitability

Next Technology has an operating margin of -690.5%, meaning the company retains $-690 of operating profit per $100 of revenue. This below-average margin results in a low score of 12/100, suggesting thin profitability after operating expenses. This is down from -0.9% the prior year.

Growth

Next Technology's revenue surged 545.3% year-over-year to $11.6M, reflecting rapid business expansion. This strong growth earns a score of 98/100.

Leverage

Next Technology carries a low D/E ratio of 0.15, meaning only $0.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 133.17, Next Technology holds $133.17 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Next Technology generates a 31.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 16/100. This is up from 26.4% the prior year.

Altman Z-Score Distress

1.52

Next Technology scores 1.52, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Next Technology passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

-0.02x

For every $1 of reported earnings, Next Technology generates $-0.02 in operating cash flow (-$3.1M OCF vs $143.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$11.6M

YoY+545.3%

5Y CAGR+13.1%

Next Technology generated $11.6M in revenue in fiscal year 2025. This represents an increase of 545.3% from the prior year.

EBITDA

N/A

Net Income

$143.2M

YoY+564.5%

5Y CAGR+121.7%

Next Technology reported $143.2M in net income in fiscal year 2025. This represents an increase of 564.5% from the prior year.

EPS (Diluted)

$61.77

YoY-91.7%

Next Technology earned $61.77 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 91.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$5.6M

YoY+741.4%

5Y CAGR+3.9%

Next Technology held $5.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY-30.0%

5Y CAGR-56.3%

Next Technology had 5M shares outstanding in fiscal year 2025. This represents a decrease of 30.0% from the prior year.

Margins & Returns

Gross Margin

15.1%

YoY-44.3pp

5Y CAGR-75.1pp

Next Technology's gross margin was 15.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 44.3 percentage points from the prior year.

Operating Margin

-690.5%

YoY-689.6pp

5Y CAGR-750.4pp

Next Technology's operating margin was -690.5% in fiscal year 2025, reflecting core business profitability. This is down 689.6 percentage points from the prior year.

Net Margin

1232.6%

YoY+35.8pp

5Y CAGR+1190.0pp

Next Technology's net profit margin was 1232.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 35.8 percentage points from the prior year.

Return on Equity

31.4%

YoY+5.0pp

5Y CAGR+1.3pp

Next Technology's ROE was 31.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$14.5M

Next Technology invested $14.5M in research and development in fiscal year 2025.

Share Buybacks

N/A

Capital Expenditures

N/A

NXTT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$11.6M+545.3%	$1.8M-31.6%	$2.6M-77.4%	$11.7M-18.8%	$14.4M+129.3%	$6.3M
Cost of Revenue	$9.9M+1250.4%	$730K-31.8%	$1.1M-89.0%	$9.7M+261.5%	$2.7M+335.7%	$616K
Gross Profit	$1.8M+64.2%	$1.1M-25.1%	$1.4M-27.7%	$2.0M-83.1%	$11.7M+106.8%	$5.7M
R&D Expenses	$14.5M	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$66.7M+6039.3%	$1.1M-59.2%	$2.7M-60.8%	$6.8M+19.1%	$5.7M+200.1%	$1.9M
Operating Income	-$80.2M-477159.6%	-$17K+98.6%	-$1.2M+81.8%	-$6.8M-213.3%	$6.0M+59.7%	$3.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$56.4M+584.7%	$8.2M+6214.1%	$130K+257.8%	-$83K-107.4%	$1.1M-3.5%	$1.2M
Net Income	$143.2M+564.5%	$21.5M+317.2%	-$9.9M-8.3%	-$9.2M-277.0%	$5.2M+93.5%	$2.7M
EPS (Diluted)	$61.77-91.7%	$746.00+35423.8%	$2.10+137.5%	$-5.60	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$465K	N/A	$1.8M	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	$387K	N/A	$981K	N/A	N/A	N/A	N/A	N/A
Gross Profit	$78K	N/A	$807K	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$2.1M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.3M	N/A	$489K+91.0%	$256K-43.1%	$450K	N/A	$567K+64.3%	$345K
Operating Income	-$6.6M	N/A	-$44.3M-17217.3%	-$256K+43.1%	-$450K	N/A	-$567K-64.3%	-$345K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$27.3M	N/A	$7.3M-76.8%	$31.5M-38.7%	$51.4M	N/A	$365K+119.8%	-$1.8M
Net Income	-$105.9M	N/A	-$16.9M-114.2%	$118.6M-38.7%	$193.4M	N/A	$1.4M+119.8%	-$6.9M
EPS (Diluted)	$-11.86	N/A	$-6.86	$0.27-99.9%	$396.38	N/A	$39.51+4090.9%	$-0.99

NXTT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$524.1M+464.1%	$92.9M+89.9%	$48.9M+5.2%	$46.5M+138.9%	$19.5M+43.8%	$13.5M
Current Assets	$524.1M+464.1%	$92.9M+89.9%	$48.9M+5.2%	$46.5M+183.0%	$16.4M+57.8%	$10.4M
Cash & Equivalents	$5.6M+741.4%	$668K0.0%	$668K+2815.4%	$23K-96.3%	$617K-86.7%	$4.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$355K-80.3%	$1.8M+80.0%	$1.0M-83.8%	$6.2M+9.7%	$5.6M+115.7%	$2.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$68.6M+507.3%	$11.3M+167.3%	$4.2M-12.3%	$4.8M-2.5%	$4.9M+6.3%	$4.6M
Current Liabilities	$3.9M+28.9%	$3.1M-27.7%	$4.2M-12.3%	$4.8M+60.6%	$3.0M+37.7%	$2.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$455.6M+458.1%	$81.6M+82.6%	$44.7M+7.2%	$41.7M+186.8%	$14.5M+63.5%	$8.9M
Retained Earnings	$152.3M+1437.3%	$9.9M+185.1%	-$11.6M-578.8%	-$1.7M-123.1%	$7.4M+229.3%	$2.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$551.2M+5.2%	$524.1M-22.9%	$679.5M+7.3%	$633.3M+30.9%	$483.8M+420.7%	$92.9M+17.0%	$79.4M+1.8%	$78.1M
Current Assets	$551.2M+5.2%	$524.1M-22.9%	$679.5M+7.3%	$633.3M+30.9%	$483.8M+420.7%	$92.9M+40.7%	$66.0M+2.1%	$64.7M
Cash & Equivalents	$159.7M+2739.9%	$5.6M-54.5%	$12.4M+1748.9%	$668K0.0%	$668K0.0%	$668K0.0%	$668K0.0%	$668K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$370K+4.3%	$355K+408.7%	$70K-87.1%	$540K-62.5%	$1.4M-20.0%	$1.8M	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$40.4M-41.1%	$68.6M-34.4%	$104.4M+11.5%	$93.7M+49.2%	$62.8M+456.3%	$11.3M+110.7%	$5.4M+0.1%	$5.4M
Current Liabilities	$3.0M-22.6%	$3.9M-33.9%	$6.0M+138.2%	$2.5M-20.5%	$3.1M+2.9%	$3.1M+13.5%	$2.7M-11.7%	$3.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$510.9M+12.1%	$455.6M-20.8%	$575.1M+6.6%	$539.6M+28.2%	$421.0M+415.8%	$81.6M+10.2%	$74.1M+1.9%	$72.7M
Retained Earnings	$46.5M-69.5%	$152.3M-49.9%	$304.2M-5.5%	$321.9M+58.3%	$203.3M+1952.1%	$9.9M+320.4%	$2.4M+139.4%	$985K

NXTT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.1M	N/A	$20.2M+153.5%	-$37.8M-907.2%	-$3.8M-422.9%	$1.2M
Capital Expenditures	N/A	N/A	N/A	$694K+66.3%	$417K	$0
Free Cash Flow	N/A	N/A	N/A	-$38.5M-823.1%	-$4.2M-458.8%	$1.2M
Investing Cash Flow	N/A	N/A	-$32.6M-6702.9%	$494K+148.0%	-$1.0M	$0
Financing Cash Flow	$8.0M	N/A	$13.1M-67.0%	$39.5M+5636.8%	$689K+118.7%	-$3.7M
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

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$1.4M+79.3%	-$6.7M	N/A	N/A	N/A	N/A	-$81K-8080400.0%	$1
Capital Expenditures	N/A	N/A	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	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$155.5M	$0	N/A	N/A	N/A	N/A	$81K+8069900.0%	-$1
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

NXTT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	15.1%-44.3pp	59.4%+5.2pp	54.3%+37.3pp	16.9%-64.4pp	81.3%-8.8pp	90.2%
Operating Margin	-690.5%-689.6pp	-0.9%+46.1pp	-47.0%+11.2pp	-58.2%-99.9pp	41.7%-18.2pp	59.9%
Net Margin	1232.6%+35.8pp	1196.9%+1573.5pp	-376.7%-298.2pp	-78.5%-114.5pp	36.0%-6.7pp	42.6%
Return on Equity	31.4%+5.0pp	26.4%+48.6pp	-22.2%-0.2pp	-22.0%-57.6pp	35.6%+5.5pp	30.1%
Return on Assets	27.3%+4.1pp	23.2%+43.5pp	-20.3%-0.6pp	-19.7%-46.3pp	26.6%+6.8pp	19.8%
Current Ratio	133.17+102.7	30.43+18.8	11.59+1.9	9.66+4.2	5.48+0.7	4.78
Debt-to-Equity	0.15+0.0	0.14+0.0	0.09-0.0	0.12-0.2	0.34-0.2	0.52
FCF Margin	N/A	N/A	N/A	-329.8%-300.8pp	-29.0%-47.5pp	18.5%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	16.7%	N/A	45.1%	N/A	N/A	N/A	N/A	N/A
Operating Margin	-1426.2%	N/A	-2478.8%	N/A	N/A	N/A	N/A	N/A
Net Margin	-22752.7%	N/A	-944.7%	N/A	N/A	N/A	N/A	N/A
Return on Equity	-20.7%	N/A	-2.9%-24.9pp	22.0%-24.0pp	45.9%	N/A	1.8%+11.4pp	-9.5%
Return on Assets	-19.2%	N/A	-2.5%-21.2pp	18.7%-21.3pp	40.0%	N/A	1.7%+10.6pp	-8.9%
Current Ratio	180.91+47.7	133.17+19.0	114.15-139.2	253.35+99.4	153.91+123.5	30.43+5.9	24.54+3.3	21.21
Debt-to-Equity	0.08-0.1	0.15-0.0	0.180.0	0.17+0.0	0.15+0.0	0.14+0.1	0.070.0	0.07
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Next Technology's annual revenue?

Next Technology (NXTT) reported $11.6M in total revenue for fiscal year 2025. This represents a 545.3% 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 Next Technology's revenue growing?

Next Technology (NXTT) revenue grew by 545.3% year-over-year, from $1.8M to $11.6M in fiscal year 2025.

Is Next Technology profitable?

Yes, Next Technology (NXTT) reported a net income of $143.2M in fiscal year 2025, with a net profit margin of 1232.6%.

What is Next Technology's gross margin?

Next Technology (NXTT) had a gross margin of 15.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Next Technology's operating margin?

Next Technology (NXTT) had an operating margin of -690.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Next Technology's net profit margin?

Next Technology (NXTT) had a net profit margin of 1232.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Next Technology's return on equity (ROE)?

Next Technology (NXTT) has a return on equity of 31.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Next Technology's operating cash flow?

Next Technology (NXTT) generated -$3.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Next Technology's total assets?

Next Technology (NXTT) had $524.1M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Next Technology spend on research and development?

Next Technology (NXTT) invested $14.5M in research and development during fiscal year 2025.

How many shares does Next Technology have outstanding?

Next Technology (NXTT) had 5M shares outstanding as of fiscal year 2025.

What is Next Technology's current ratio?

Next Technology (NXTT) had a current ratio of 133.17 as of fiscal year 2025, which is generally considered healthy.

What is Next Technology's debt-to-equity ratio?

Next Technology (NXTT) had a debt-to-equity ratio of 0.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Next Technology's return on assets (ROA)?

Next Technology (NXTT) had a return on assets of 27.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Next Technology's cash runway?

Based on fiscal year 2025 data, Next Technology (NXTT) had $5.6M in cash against an annual operating cash burn of $3.1M. This gives an estimated cash runway of approximately 22 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Next Technology's Altman Z-Score?

Next Technology (NXTT) has an Altman Z-Score of 1.52, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Next Technology's Piotroski F-Score?

Next Technology (NXTT) has a Piotroski F-Score of 5 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 Next Technology's earnings high quality?

Next Technology (NXTT) has an earnings quality ratio of -0.02x, considered low quality (accrual-driven). 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 Next Technology?

Next Technology (NXTT) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.