Next Technology (NXTT) | Financial Analysis & Statements
Next Technology Holding Inc. Micro-cap Technology
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
9.8M
Gross Profit
949.7K
9.67%
Operating Income
-35.2M
-357.88%
Net Income
-152.0M
-1,546.40%
Balance Sheet Metrics
Total Assets
524.1M
Total Liabilities
68.6M
Shareholders Equity
455.6M
Debt to Equity
0.15
Cash Flow Metrics
Operating Cash Flow
-152.9M
Free Cash Flow
-6.7M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Next Technology Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 11.6M | 1.8M | 2.6M | 0 | 14.4M |
| Cost of Goods Sold | 9.9M | 730.0K | 1.2M | 0 | 2.7M |
| Gross Profit | 1.8M | 1.1M | 1.4M | 0 | 11.7M |
| Gross Margin % | 15.1% | 59.4% | 54.5% | 0.0% | 81.4% |
| Operating Expenses | |||||
| Research & Development | 14.5M | - | - | - | - |
| Selling, General & Administrative | 67.5M | 1.1M | 2.7M | 6.8M | 5.7M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 82.0M | 1.1M | 2.7M | 6.8M | 5.7M |
| Operating Income | -80.2M | -16.8K | -1.2M | -6.8M | 6.0M |
| Operating Margin % | -690.5% | -0.9% | -46.8% | 0.0% | 41.7% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | 279.7M | 29.8M | 4.4M | 636.9K | 303.7K |
| Pre-tax Income | 199.5M | 29.8M | 3.2M | -6.8M | 6.3M |
| Income Tax | 56.4M | 8.2M | 130.4K | 0 | 1.1M |
| Effective Tax Rate % | 28.3% | 27.7% | 4.1% | 0.0% | 17.8% |
| Net Income | 143.2M | 21.5M | -9.9M | -9.2M | 5.2M |
| Net Margin % | 1,232.6% | 1,197.2% | -376.7% | 0.0% | 36.0% |
| Key Metrics | |||||
| EBITDA | -80.2M | 13.4M | -11.4M | -6.8M | 6.0M |
| EPS (Basic) | $61.77 | $740.00 | $-6.50 | $-7.50 | $3.70 |
| EPS (Diluted) | $61.77 | $740.00 | $-6.50 | $-7.50 | $3.70 |
| Basic Shares Outstanding | 2317684 | 28878 | 1541650 | 1208057 | 1651089 |
| Diluted Shares Outstanding | 2317684 | 28878 | 1541650 | 1208057 | 1651089 |
Income Statement Trend
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Next Technology Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 5.6M | 668.4K | 668.4K | 22.9K | 616.6K |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 354.8K | 1.8M | 1.1M | 0 | 9.2M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 516.2M | 78.3M | 35.1M | - | - |
| Total Current Assets | 524.1M | 92.9M | 49.1M | 46.5M | 16.4M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | - | - | - | 0 | 2.3M |
| Goodwill | - | - | - | 23.2K | 37.8K |
| Intangible Assets | - | - | - | 23.2K | 37.8K |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | 240.2K | - |
| Total Non-Current Assets | 0 | 0 | 0 | 0 | 3.0M |
| Total Assets | 524.1M | 92.9M | 49.1M | 46.5M | 19.5M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 751.3K | 730.0K | 926.5K | 0 | 62.1K |
| Short-term Debt | 2.0M | 760.4K | - | - | 596.1K |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | 3.5M | - |
| Total Current Liabilities | 3.9M | 3.1M | 4.4M | 4.8M | 3.0M |
| Non-Current Liabilities | |||||
| Long-term Debt | - | - | - | 0 | 1.9M |
| Deferred Tax Liabilities | 64.6M | 8.2M | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | 64.6M | 8.2M | 0 | 0 | 1.9M |
| Total Liabilities | 68.6M | 11.3M | 4.4M | 4.8M | 4.9M |
| Equity | |||||
| Common Stock | 0 | 71.7M | 0 | 0 | 0 |
| Retained Earnings | 152.3M | 9.9M | -11.6M | -1.7M | 7.4M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 455.6M | 81.6M | 44.7M | 41.7M | 14.5M |
| Key Metrics | |||||
| Total Debt | 2.0M | 760.4K | 0 | 0 | 2.5M |
| Working Capital | 520.2M | 89.9M | 44.7M | 41.7M | 13.4M |
Balance Sheet Composition
Next Technology Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 143.2M | 21.5M | -9.9M | -9.2M | 5.2M |
| Depreciation & Amortization | - | - | - | 277.8K | 35.9K |
| Stock-Based Compensation | 76.8M | - | - | - | - |
| Working Capital Changes | 1.5M | -870.0K | 33.3M | -209.4K | -6.2M |
| Operating Cash Flow | 277.8M | 28.9M | 29.2M | -9.1M | -987.7K |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | -693.6K | -417.1K |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | - | 0 | -37.1M | 0 | - |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | - | 0 | -62.1M | 494.0K | -1.0M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | - | 0 | - | - | - |
| Debt Repayment | - | - | - | - | - |
| Financing Cash Flow | 8.0M | 0 | 17.6M | 39.5M | -611.2K |
| Free Cash Flow | -3.1M | 0 | 19.9M | -37.8M | -4.2M |
| Net Change in Cash | 285.8M | 28.9M | -15.4M | 30.9M | -2.6M |
Cash Flow Trend
Next Technology Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
0.03
Price to Book
0.02
Price to Sales
11.75
Profitability Ratios
Profit Margin
1,232.61%
Operating Margin
-357.88%
Return on Equity
53.30%
Return on Assets
-16.25%
Financial Health
Current Ratio
133.18
Debt to Equity
0.45
Beta
5.55
Per Share Data
EPS (TTM)
$61.77
Book Value per Share
$93.31
Revenue per Share
$5.01
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| NXTT | 131.2M | 0.03 | 0.02 | 53.30% | 1,232.61% | 0.45 |
| Salesforce | 160.0B | 23.99 | 2.94 | 12.40% | 17.96% | 29.95 |
| Uber Technologies | 153.6B | 15.78 | 5.71 | 39.93% | 19.33% | 43.81 |
| CS Disco | 249.5M | - | 2.19 | -32.20% | -28.29% | 5.44 |
| Blaize Holdings | 246.7M | -1.01 | 6.28 | -530.52% | 16.03% | 7.56 |
| Similarweb | 226.9M | - | 9.66 | -129.58% | -11.66% | 185.61 |
Financial data is updated regularly. All figures are in the company's reporting currency.





