Next Technology Holding Inc.
NXTT Nasdaq Services-Computer Processing & Data Preparation Financials FY2019โFY2025
Last close ยท Oct 23, 2026
$5.13
1.2%
Revenue
Total sales reported in the income statement.
$11.6M
545.3%
vs prior year
Operating margin
Operating income as a share of revenue.
โ690.5%
689.6ย pts
Net income
Profit after all expenses, interest and tax.
$143M
564.5%
Free cash flow
Cash from operations minus capital spending.
โ
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ12.7%
Market cap
Last close times the latest diluted share count, so it is approximate.
$754M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
What Next Technology Holding Inc. does
No business description yet.
- Legal name
- Next Technology Holding Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K ยท Mar 31, 2026
- Accession ยท CIK
- 0001213900-26-037199
0001784970
Revenue and margins
Next Technology Holding Inc. had $11.6M of revenue in fiscal 2025, up 545.3% on the year before.
FY19
Revenue โ
FY20
Revenue $6.3M
FY21
Revenue $14.4M
FY22
Revenue $11.7M
FY23
Revenue $2.6M
FY24
Revenue $1.8M
FY25
Revenue $11.6M
Q3 '23
Revenue $1.6M
Q4 '23
Revenue $1.0M
Q1 '24
Revenue โ
Q2 '24
Revenue โ
Q3 '24
Revenue โ
Q4 '24
Revenue โ
Q1 '25
Revenue โ
Q2 '25
Revenue โ
Q3 '25
Revenue $1.8M
Q4 '25
Revenue $9.8M
Q1 '26
Revenue $0.5M
Q2 '26
Revenue $0.8M
FY19
Gross โ
Operating โ
Net โ
FCF โ
FY20
Gross 90.2%
Operating 59.9%
Net 42.7%
FCF 18.5%
FY21
Gross 81.4%
Operating 41.7%
Net 36.0%
FCF โ29.0%
FY22
Gross 16.9%
Operating โ58.2%
Net โ78.5%
FCF โ329.8%
FY23
Gross 54.3%
Operating โ47.0%
Net โ376.7%
FCF โ
FY24
Gross 59.4%
Operating โ0.9%
Net 1,196.9%
FCF โ
FY25
Gross 15.1%
Operating โ690.5%
Net 1,232.6%
FCF โ
Gross
Operating
Net
FCF
Q3 '23
Gross 75.2%
Operating 60.9%
Net โ874.4%
FCF โ
Q4 '23
Gross 20.0%
Operating โ193.0%
Net 436.9%
FCF โ
Q1 '24
Gross โ
Operating โ
Net โ
FCF โ
Q2 '24
Gross โ
Operating โ
Net โ
FCF โ
Q3 '24
Gross โ
Operating โ
Net โ
FCF โ
Q4 '24
Gross โ
Operating โ
Net โ
FCF โ
Q1 '25
Gross โ
Operating โ
Net โ
FCF โ
Q2 '25
Gross โ
Operating โ
Net โ
FCF โ
Q3 '25
Gross 45.1%
Operating โ2,478.8%
Net โ944.7%
FCF โ
Q4 '25
Gross 9.7%
Operating โ357.9%
Net โ1,546.4%
FCF โ
Q1 '26
Gross 16.7%
Operating โ1,426.3%
Net โ22,754.0%
FCF โ
Q2 '26
Gross 42.1%
Operating โ572.0%
Net โ3,533.4%
FCF โ
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY19
Net income โ$0.4M
FY20
Net income $2.7M
FY21
Net income $5.2M
FY22
Net income โ$9.2M
FY23
Net income โ$9.9M
FY24
Net income $21.5M
FY25
Net income $143M
Q3 '23
Net income โ$14.3M
Q4 '23
Net income $4.4M
Q1 '24
Net income $19.5M
Q2 '24
Net income โ$6.9M
Q3 '24
Net income $1.4M
Q4 '24
Net income $7.6M
Q1 '25
Net income $193M
Q2 '25
Net income $119M
Q3 '25
Net income โ$16.9M
Q4 '25
Net income โ$152M
Q1 '26
Net income โ$106M
Q2 '26
Net income โ$29.7M
FY19
Diluted EPS $0.00
FY20
Diluted EPS $0.01
FY21
Diluted EPS โ
FY22
Diluted EPS โ$5.60
FY23
Diluted EPS $2.10
FY24
Diluted EPS โ
FY25
Diluted EPS โ
Q3 '23
Diluted EPS โ$0.29
Q4 '23
Diluted EPS $2.68
Q1 '24
Diluted EPS $7.45
Q2 '24
Diluted EPS โ$0.99
Q3 '24
Diluted EPS $39.51
Q4 '24
Diluted EPS โ
Q1 '25
Diluted EPS $396.38
Q2 '25
Diluted EPS $54.36
Q3 '25
Diluted EPS โ$6.86
Q4 '25
Diluted EPS โ
Q1 '26
Diluted EPS โ$11.86
Q2 '26
Diluted EPS โ$0.20
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 โ
Return on equity โ8.7%
Return on assets โ6.3%
FY20
Return on capital โ
Return on equity 39.1%
Return on assets 26.6%
FY21
Return on capital โ
Return on equity 44.2%
Return on assets 31.4%
FY22
Return on capital โ12.9%
Return on equity โ32.6%
Return on assets โ27.8%
FY23
Return on capital โ
Return on equity โ23.0%
Return on assets โ20.8%
FY24
Return on capital โ
Return on equity 34.1%
Return on assets 30.4%
FY25
Return on capital โ12.7%
Return on equity 53.3%
Return on assets 46.4%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ in fiscal 2025, โ of revenue. Cash from operations minus capital spending.
FY19
Free cash flow โ
FY20
Free cash flow $1.2M
FY21
Free cash flow โ$4.2M
FY22
Free cash flow โ$38.5M
FY23
Free cash flow โ
FY24
Free cash flow โ
FY25
Free cash flow โ
FY19
Cash from operations โ
Capital spending โ
FY20
Cash from operations $1.2M
Capital spending $0.0M
FY21
Cash from operations โ$3.8M
Capital spending $0.4M
FY22
Cash from operations โ$37.8M
Capital spending $0.7M
FY23
Cash from operations $20.2M
Capital spending โ
FY24
Cash from operations โ
Capital spending โ
FY25
Cash from operations โ$3.1M
Capital spending โ
Cash from operations
Capital spending
Q3 '23
Cash from operations $21.6M
Capital spending โ
Q4 '23
Cash from operations โ$0.8M
Capital spending โ
Q1 '24
Cash from operations โ$0.0M
Capital spending โ
Q2 '24
Cash from operations $0.0M
Capital spending โ
Q3 '24
Cash from operations โ$0.1M
Capital spending โ
Q4 '24
Cash from operations โ
Capital spending โ
Q1 '25
Cash from operations โ
Capital spending โ
Q2 '25
Cash from operations โ
Capital spending โ
Q3 '25
Cash from operations โ
Capital spending โ
Q4 '25
Cash from operations โ$6.7M
Capital spending โ
Q1 '26
Cash from operations โ$1.4M
Capital spending โ
Q2 '26
Cash from operations โ$0.7M
Capital spending โ
Cash from operations
Capital spending
Dividends, buybacks and share count
Next Technology Holding Inc. returned โ to shareholders in fiscal 2025. The diluted share count rose 7,919.7%.
FY19
Dividends โ
Buybacks โ
FY20
Dividends โ
Buybacks โ
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY19
Diluted shares 0.30B
FY20
Diluted shares 0.30B
FY21
Diluted shares โ
FY22
Diluted shares 0.00B
FY23
Diluted shares 0.00B
FY24
Diluted shares 0.00B
FY25
Diluted shares 0.00B
Balance sheet
Cash, debt and the ratios that show how comfortably Next Technology Holding Inc. can carry it.
FY19
Cash $6.6M
Debt โ
FY20
Cash $4.6M
Debt โ
FY21
Cash $0.6M
Debt โ
FY22
Cash $0.0M
Debt $0.0M
FY23
Cash $0.7M
Debt โ
FY24
Cash $0.7M
Debt โ
FY25
Cash $5.6M
Debt $2.0M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $0.6M | $0.0M | $0.7M | $0.7M | $5.6M |
| Debt incl. finance leases | โ | $0.0M | โ | โ | $2.0M |
| Debt / equity | โ | 0.0x | โ | โ | 0.0x |
| Current ratio | 5.5x | 9.7x | 11.6x | 30.4x | 133.2x |
| Quick ratio | 5.5x | 9.7x | 11.6x | 30.4x | 133.2x |
| Total assets | $19.5M | $46.5M | $48.9M | $92.9M | $524M |
| Total liabilities | $4.9M | $4.8M | $4.2M | $11.3M | $68.6M |
| Shareholders' equity | $14.5M | $41.7M | $44.7M | $81.6M | $456M |
| Net debt (โ = net cash) | โ | $0.0M | โ | โ | โ$3.6M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ 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
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 1 | โ / 6 | 4 / 7 | 1 / 7 | 4 / 8 | โ / 6 | 4 / 8 |
| Accruals ratio | โ | 15.0% | 54.1% | 86.8% | โ63.1% | โ | 47.4% |
| Altman Z'' | โ | 8.41 | 10.93 | 13.87 | 16.16 | 14.28 | 13.41 |
7 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | โ | $6.3M | $14.4M | $11.7M | $2.6M | $1.8M | $11.6M |
| Gross profit | โ | $5.7M | $11.7M | $2.0M | $1.4M | $1.1M | $1.8M |
| Research and development | โ | โ | โ | โ | โ | โ | $14.5M |
| Operating income | โ | $3.8M | $6.0M | โ$6.8M | โ$1.2M | โ$0.0M | โ$80.2M |
| Pretax income | โ$0.4M | $3.8M | $6.3M | โ$6.8M | $3.2M | $29.8M | $200M |
| Income tax | โ | $1.2M | $1.1M | โ$0.1M | $0.1M | $8.2M | $56.4M |
| Net income | โ$0.4M | $2.7M | $5.2M | โ$9.2M | โ$9.9M | $21.5M | $143M |
| Net income to common | โ | $2.7M | โ$0.7M | โ | โ | โ | โ |
| Diluted EPS | $0.00 | $0.01 | โ | โ$5.60 | $2.10 | โ | โ |
| Diluted shares | 0.30B | 0.30B | โ | 0.00B | 0.00B | 0.00B | 0.00B |
| Cash flow | |||||||
| Cash from operations | โ | $1.2M | โ$3.8M | โ$37.8M | $20.2M | โ | โ$3.1M |
| Capital expenditure | โ | $0.0M | $0.4M | $0.7M | โ | โ | โ |
| Free cash flow | โ | $1.2M | โ$4.2M | โ$38.5M | โ | โ | โ |
| Depreciation and amortization | โ | $0.0M | $0.0M | $0.8M | โ | โ | โ |
| Stock-based compensation | โ | โ | โ | โ | โ | โ | $76.8M |
| Balance sheet | |||||||
| Cash and short-term investments | $6.6M | $4.6M | $0.6M | $0.0M | $0.7M | $0.7M | $5.6M |
| Total debt | โ | โ | โ | $0.0M | โ | โ | $2.0M |
| Current assets | $6.6M | $10.4M | $16.4M | $46.5M | $48.9M | $92.9M | $524M |
| Current liabilities | $1.8M | $2.2M | $3.0M | $4.8M | $4.2M | $3.1M | $3.9M |
| Property and equipment, net | โ | $0.0M | $0.4M | $0.9M | โ | โ | โ |
| Intangible assets | $0.0M | $0.0M | $0.0M | $0.0M | โ | โ | โ |
| Total assets | $6.6M | $13.5M | $19.5M | $46.5M | $48.9M | $92.9M | $524M |
| Total liabilities | $1.8M | $4.6M | $4.9M | $4.8M | $4.2M | $11.3M | $68.6M |
| Shareholders' equity | $4.8M | $8.9M | $14.5M | $41.7M | $44.7M | $81.6M | $456M |
| Margins | |||||||
| Gross margin | โ | 90.2% | 81.4% | 16.9% | 54.3% | 59.4% | 15.1% |
| Operating margin | โ | 59.9% | 41.7% | โ58.2% | โ47.0% | โ0.9% | โ690.5% |
| EBITDA margin | โ | 59.9% | 41.8% | โ51.1% | โ | โ | โ |
| Net margin | โ | 42.7% | 36.0% | โ78.5% | โ376.7% | 1,196.9% | 1,232.6% |
| FCF margin | โ | 18.5% | โ29.0% | โ329.8% | โ | โ | โ |
| Returns | |||||||
| Return on capital | โ | โ | โ | โ12.9% | โ | โ | โ12.7% |
| Return on capital employed | โ | 33.0% | 36.4% | โ16.3% | โ2.8% | โ0.0% | โ15.4% |
| Return on equity | โ8.7% | 39.1% | 44.2% | โ32.6% | โ23.0% | 34.1% | 53.3% |
| Return on assets | โ6.3% | 26.6% | 31.4% | โ27.8% | โ20.8% | 30.4% | 46.4% |
| Return on tangible equity | โ8.7% | 30.2% | โ5.1% | โ22.0% | โ22.2% | 26.4% | 31.4% |
| Growth | |||||||
| Revenue growth | โ | โ | 129.3% | โ18.8% | โ77.4% | โ31.6% | 545.3% |
| Net income growth | โ | โ | 93.5% | โ277.0% | โ | โ | 564.5% |
| FCF growth | โ | โ | โ458.8% | โ | โ | โ | โ |
| Share count change | โ | 1.3% | โ | โ | 27.6% | โ98.1% | 7,919.7% |
| Financial health | |||||||
| Debt / equity | โ | โ | โ | 0.0x | โ | โ | 0.0x |
| Current ratio | 3.7x | 4.8x | 5.5x | 9.7x | 11.6x | 30.4x | 133.2x |
| Quick ratio | 3.7x | 4.8x | 5.5x | 9.7x | 11.6x | 30.4x | 133.2x |
| Capital allocation | |||||||
| Capex / revenue | โ | 0.0% | 2.9% | 5.9% | โ | โ | โ |
| Stock comp / revenue | โ | โ | โ | โ | โ | โ | 661.2% |
| Quality scores | |||||||
| Piotroski F-score | โ | โ | 4.0 | 1.0 | 4.0 | โ | 4.0 |
| Altman Z'' | โ | 8.4 | 10.9 | 13.9 | 16.2 | 14.3 | 13.4 |
| Accruals ratio | โ | 15.0% | 54.1% | 86.8% | โ63.1% | โ | 47.4% |
Source: SEC EDGAR XBRL filings (CIK 0001784970). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.