Every 10-Q that Next Technology Holding Inc. (NXTT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NXTT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NXTT filings page.
Next Technology Holding Inc. (NXTT) reports a quarter dominated by large digital-asset activity. The company holds $666,804,429 of digital assets (5,833 BTC) and recognized a $430,398,332 fair-value gain during the nine months ended September 30, 2025, recorded in other income. In March 2025 the company acquired 5,000 BTC for $158,083,667. The BTC purchase involved issuing common stock and warrants; subsequent warrant exercises increased outstanding shares materially to over 436 million, and later equity grants under a 2025 plan raised shares above 506 million. The company recognized large share-based compensation ($44,367,409 and a full grant of $42,840,000 for certain awards). Cash balances include $668,387 held in Hong Kong not protected by FDIC or local deposit insurance. The dividend policy states up to 80% of annual profits may be distributed, but no dividends were declared for the periods presented.
NXTT’s Q2-25 10-Q is dominated by its pivot to Bitcoin. During H1-25 the company acquired 5,000 BTC, lifting holdings to 5,833 BTC with a cost basis $183.1 m and period-end fair value $632.1 m. Fair-value accounting (early adoption of ASU 2023-08) produced $395.7 m other income; with negligible operating activity (revenue $0, G&A $0.7 m) this drove net income $312.0 m versus $12.6 m YoY.
The BTC purchase was settled almost entirely in equity: the share count ballooned from 6.98 m to 436.27 m (+6,150%) after issuing 135.2 m shares and 294.1 m warrant shares (exercised immediately) valued at $158.1 m. Despite higher profits, dilution pulled H1 EPS down to $1.16 (vs $2.74 YoY).
Balance sheet assets rose to $633.3 m (from $92.9 m) but cash stayed $0.67 m; non-cash deferred tax liability jumped to $91.2 m. Current liabilities are modest ($2.5 m) yet liquidity depends on BTC sales. No revenue was recorded from AI-software operations. Management continues to flag material weaknesses in internal control and is embroiled in shareholder litigation. Post-quarter, NXTT registered 80 m shares for a 2025 equity plan, adding further potential dilution.