Nexxen International Ltd.
NEXN Nasdaq Services-Computer Programming, Data Processing, Etc. Financials FY2019–FY2025
Revenue
Total sales reported in the income statement.
$365M
0.2%
vs prior year
Operating margin
Operating income as a share of revenue.
8.9%
2.3 pts
Net income
Profit after all expenses, interest and tax.
$25.0M
29.3%
Free cash flow
Cash from operations minus capital spending.
$98.0M
31.5%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $0.82 EPS (TTM)
What Nexxen International Ltd. does
No business description yet.
- Legal name
- Nexxen International Ltd.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Mar 4, 2026
- Accession · CIK
- 0001178913-26-000712
0001849396
Revenue and margins
Nexxen International Ltd. had $365M of revenue in fiscal 2025, down 0.2% on the year before.
FY19
Revenue $326M
FY20
Revenue $212M
FY21
Revenue $342M
FY22
Revenue $335M
FY23
Revenue $332M
FY24
Revenue $365M
FY25
Revenue $365M
FY19
Gross 42.5%
Operating 1.2%
Net 1.9%
FCF 13.5%
FY20
Gross 71.8%
Operating −2.8%
Net 1.0%
FCF 16.3%
FY21
Gross 79.0%
Operating 21.8%
Net 21.4%
FCF 48.8%
FY22
Gross 81.9%
Operating 13.3%
Net 6.8%
FCF 22.8%
FY23
Gross 81.2%
Operating −5.1%
Net −6.5%
FCF 16.9%
FY24
Gross 83.3%
Operating 11.2%
Net 9.7%
FCF 39.2%
FY25
Gross 84.9%
Operating 8.9%
Net 6.9%
FCF 26.9%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2019 to 2025, diluted EPS grew 42.0% a year. Loss periods are shown in red.
FY19
Net income $6.2M
FY20
Net income $2.1M
FY21
Net income $73.2M
FY22
Net income $22.7M
FY23
Net income −$21.5M
FY24
Net income $35.4M
FY25
Net income $25.0M
FY19
Diluted EPS $0.10
FY20
Diluted EPS $0.04
FY21
Diluted EPS $0.96
FY22
Diluted EPS $0.60
FY23
Diluted EPS −$0.60
FY24
Diluted EPS $1.02
FY25
Diluted EPS $0.82
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY19
Return on capital —
Return on equity 2.1%
Return on assets —
FY20
Return on capital —
Return on equity 0.7%
Return on assets 0.4%
FY21
Return on capital 36.4%
Return on equity 16.2%
Return on assets 10.9%
FY22
Return on capital 6.7%
Return on equity 4.0%
Return on assets 2.6%
FY23
Return on capital −3.3%
Return on equity −3.9%
Return on assets −2.3%
FY24
Return on capital 10.9%
Return on equity 6.6%
Return on assets 4.1%
FY25
Return on capital —
Return on equity 5.0%
Return on assets 3.1%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $98.0M in fiscal 2025, 26.9% of revenue. Cash from operations minus capital spending.
FY19
Free cash flow $44.0M
FY20
Free cash flow $34.6M
FY21
Free cash flow $167M
FY22
Free cash flow $76.6M
FY23
Free cash flow $56.2M
FY24
Free cash flow $143M
FY25
Free cash flow $98.0M
FY19
Cash from operations $45.1M
Capital spending $1.1M
FY20
Cash from operations $35.2M
Capital spending $0.6M
FY21
Cash from operations $170M
Capital spending $3.4M
FY22
Cash from operations $83.0M
Capital spending $6.4M
FY23
Cash from operations $60.7M
Capital spending $4.5M
FY24
Cash from operations $151M
Capital spending $7.7M
FY25
Cash from operations $110M
Capital spending $12.1M
Cash from operations
Capital spending
Dividends, buybacks and share count
Nexxen International Ltd. returned $102M to shareholders in fiscal 2025, 104% of free cash flow. The diluted share count fell 12.9%.
FY19
Dividends —
Buybacks $24.7M
FY20
Dividends —
Buybacks $10.0M
FY21
Dividends —
Buybacks $6.6M
FY22
Dividends —
Buybacks $86.0M
FY23
Dividends —
Buybacks $9.5M
FY24
Dividends —
Buybacks $60.7M
FY25
Dividends —
Buybacks $102M
Dividends
Buybacks
FY19
Diluted shares 0.06B
FY20
Diluted shares 0.07B
FY21
Diluted shares 0.08B
FY22
Diluted shares 0.04B
FY23
Diluted shares 0.04B
FY24
Diluted shares 0.04B
FY25
Diluted shares 0.03B
Balance sheet
Cash, debt and the ratios that show how comfortably Nexxen International Ltd. can carry it.
FY19
Cash $79.0M
Debt —
FY20
Cash $97.5M
Debt —
FY21
Cash $368M
Debt $0.0M
FY22
Cash $218M
Debt $98.5M
FY23
Cash $234M
Debt $99.1M
FY24
Cash $187M
Debt $0.0M
FY25
Cash $133M
Debt —
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $368M | $218M | $234M | $187M | $133M |
| Debt incl. finance leases | $0.0M | $98.5M | $99.1M | $0.0M | — |
| Net debt / EBITDA | −3.2x | −1.4x | −2.2x | −1.9x | — |
| Debt / equity | 0.0x | 0.2x | 0.2x | 0.0x | — |
| Interest coverage | 27.9x | 9.7x | −1.7x | 4.6x | 14.7x |
| Current ratio | 2.5x | 1.6x | 2.0x | 1.4x | 1.3x |
| Quick ratio | 2.5x | 1.6x | 2.0x | 1.4x | 1.3x |
| Total assets | $803M | $956M | $905M | $841M | $756M |
| Total liabilities | $230M | $405M | $361M | $310M | $281M |
| Shareholders' equity | $572M | $552M | $544M | $531M | $475M |
| Net debt (− = net cash) | −$368M | −$119M | −$135M | −$187M | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✓ | ✕ | ✕ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | ✕ | ✕ | ✓ | — |
| Current ratio rose | — | — | ✓ | ✕ | ✓ | ✕ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | ✓ | ✓ | ✓ | ✓ |
| Gross margin rose | — | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ |
| Revenue rose relative to assets | — | — | ✓ | ✕ | ✓ | ✓ | ✓ |
| F-score | — / 3 | — / 5 | 7 / 8 | 5 / 9 | 5 / 9 | 8 / 9 | 6 / 8 |
| Accruals ratio | — | −6.2% | −14.5% | −6.9% | −8.8% | −13.2% | −10.7% |
| Altman Z'' | — | 3.02 | 6.48 | 3.52 | 3.55 | 3.78 | 3.56 |
7 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $326M | $212M | $342M | $335M | $332M | $365M | $365M |
| Gross profit | $139M | $152M | $270M | $275M | $270M | $304M | $310M |
| Research and development | $16.2M | $13.3M | $18.4M | $33.7M | $49.7M | $50.0M | $58.1M |
| Operating income | $3.9M | −$6.0M | $74.5M | $44.8M | −$17.0M | $40.8M | $32.4M |
| Interest expense | $1.1M | $1.9M | $2.7M | $4.6M | $10.2M | $8.9M | $2.2M |
| Pretax income | $3.6M | −$7.4M | $72.3M | $42.4M | −$19.0M | $38.5M | $37.3M |
| Income tax | −$2.6M | −$9.6M | −$0.9M | $19.7M | $2.5M | $3.1M | $12.2M |
| Net income | $6.2M | $2.1M | $73.2M | $22.7M | −$21.5M | $35.4M | $25.0M |
| Diluted EPS | $0.10 | $0.04 | $0.96 | $0.60 | −$0.60 | $1.02 | $0.82 |
| Diluted shares | 0.06B | 0.07B | 0.08B | 0.04B | 0.04B | 0.04B | 0.03B |
| Cash flow | |||||||
| Cash from operations | $45.1M | $35.2M | $170M | $83.0M | $60.7M | $151M | $110M |
| Capital expenditure | $1.1M | $0.6M | $3.4M | $6.4M | $4.5M | $7.7M | $12.1M |
| Free cash flow | $44.0M | $34.6M | $167M | $76.6M | $56.2M | $143M | $98.0M |
| Depreciation and amortization | $32.4M | $45.2M | $40.3M | $42.7M | $78.3M | $58.7M | $63.1M |
| Stock-based compensation | $15.8M | $14.5M | $42.8M | $50.5M | $19.2M | $11.5M | $18.0M |
| Acquisitions | −$23.7M | −$6.2M | $11.0M | $195M | $0.0M | $0.0M | — |
| Share buybacks | $24.7M | $10.0M | $6.6M | $86.0M | $9.5M | $60.7M | $102M |
| Dividends and buybacks | $24.7M | $10.0M | $6.6M | $86.0M | $9.5M | $60.7M | $102M |
| Balance sheet | |||||||
| Cash and short-term investments | $79.0M | $97.5M | $368M | $218M | $234M | $187M | $133M |
| Total debt | — | — | $0.0M | $98.5M | $99.1M | $0.0M | — |
| Current assets | — | $271M | $552M | $462M | $452M | $413M | $337M |
| Current liabilities | — | $185M | $221M | $281M | $229M | $286M | $262M |
| Property and equipment, net | — | $3.3M | $3.5M | $29.9M | $21.4M | $15.7M | $18.0M |
| Goodwill | — | — | $5.2M | — | — | — | — |
| Total assets | — | $535M | $803M | $956M | $905M | $841M | $756M |
| Total liabilities | — | $206M | $230M | $405M | $361M | $310M | $281M |
| Shareholders' equity | $301M | $329M | $572M | $552M | $544M | $531M | $475M |
| Margins | |||||||
| Gross margin | 42.5% | 71.8% | 79.0% | 81.9% | 81.2% | 83.3% | 84.9% |
| Operating margin | 1.2% | −2.8% | 21.8% | 13.3% | −5.1% | 11.2% | 8.9% |
| EBITDA margin | 11.1% | 18.5% | 33.5% | 26.1% | 18.5% | 27.2% | 26.2% |
| Net margin | 1.9% | 1.0% | 21.4% | 6.8% | −6.5% | 9.7% | 6.9% |
| FCF margin | 13.5% | 16.3% | 48.8% | 22.8% | 16.9% | 39.2% | 26.9% |
| Returns | |||||||
| Return on capital | — | — | 36.4% | 6.7% | −3.3% | 10.9% | — |
| Return on capital employed | — | −1.7% | 12.8% | 6.6% | −2.5% | 7.4% | 6.6% |
| Return on equity | 2.1% | 0.7% | 16.2% | 4.0% | −3.9% | 6.6% | 5.0% |
| Return on assets | — | 0.4% | 10.9% | 2.6% | −2.3% | 4.1% | 3.1% |
| Return on tangible equity | 2.1% | 0.7% | 12.9% | 4.1% | −4.0% | 6.7% | 5.3% |
| Growth | |||||||
| Revenue growth | — | −34.9% | 61.4% | −2.0% | −1.0% | 10.1% | −0.2% |
| Net income growth | — | −65.6% | 3,323.2% | −68.9% | −194.5% | — | −29.3% |
| EPS growth | — | −60.0% | 2,300.0% | −37.5% | −200.0% | — | −19.6% |
| FCF growth | — | −21.5% | 382.3% | −54.1% | −26.5% | 154.4% | −31.5% |
| Share count change | — | 20.8% | 10.1% | −49.9% | −6.2% | −2.4% | −12.9% |
| Financial health | |||||||
| Net debt / EBITDA | — | — | −3.2x | −1.4x | −2.2x | −1.9x | — |
| Debt / equity | — | — | 0.0x | 0.2x | 0.2x | 0.0x | — |
| Interest coverage | 3.6x | −3.2x | 27.9x | 9.7x | −1.7x | 4.6x | 14.7x |
| Current ratio | — | 1.5x | 2.5x | 1.6x | 2.0x | 1.4x | 1.3x |
| Quick ratio | — | 1.5x | 2.5x | 1.6x | 2.0x | 1.4x | 1.3x |
| Capital allocation | |||||||
| Capex / revenue | 0.3% | 0.3% | 1.0% | 1.9% | 1.4% | 2.1% | 3.3% |
| Stock comp / revenue | 4.9% | 6.8% | 12.5% | 15.1% | 5.8% | 3.1% | 4.9% |
| Payouts / FCF | 56.2% | 28.8% | 4.0% | 112.4% | 16.9% | 42.4% | 103.8% |
| Quality scores | |||||||
| Piotroski F-score | — | — | 7.0 | 5.0 | 5.0 | 8.0 | 6.0 |
| Altman Z'' | — | 3.0 | 6.5 | 3.5 | 3.6 | 3.8 | 3.6 |
| Accruals ratio | — | −6.2% | −14.5% | −6.9% | −8.8% | −13.2% | −10.7% |
Source: SEC EDGAR XBRL filings (CIK 0001849396). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Per-share figures are per US-listed share (1 ADS = 2 ordinary shares). For information only — not investment advice. Check the original filings before relying on any figure.