Nextpower Inc. (NXT)NXTNextpower Inc.

Financials

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/26/2025	06/27/2025	03/31/2025	12/31/2024	09/27/2024	06/28/2024
Revenue	3.559B	880.517M	909.352M	905.268M	864.253M	924.342M	679.363M	635.571M	719.921M
Cost of Goods Sold	2.406B	583.140M	622.516M	613.677M	587.157M	618.655M	441.096M	411.843M	483.334M
Gross Profit	1.153B	297.377M	286.836M	291.591M	277.096M	305.687M	238.267M	223.728M	236.587M
Gross Profit Margin	33.8%	33.8%	31.5%	32.2%	32.1%	33.1%	35.1%	35.2%	32.9%
Total Operating Expenses	451.580M	143.791M	110.333M	107.669M	89.787M	110.380M	88.031M	90.253M	75.013M
Research & Development	120.909M	43.166M	29.294M	26.889M	21.560M	23.586M	20.094M	19.193M	16.519M
Selling, General & Administrative	330.671M	100.625M	81.039M	80.780M	68.227M	86.794M	67.937M	71.060M	58.494M
Operating Income (EBIT)	701.320M	153.586M	176.503M	183.922M	187.309M	195.307M	150.236M	133.475M	161.574M
Operating Margin	17.4%	17.4%	19.4%	20.3%	21.7%	21.1%	22.1%	21.0%	22.4%
Income Before Tax (EBT)	713.826M	159.635M	180.499M	182.725M	190.967M	198.662M	160.216M	137.192M	151.946M
Interest Income	6.253M	—	—	—	6.253M	—	—	—	—
Interest Expense	2.623M	338K	339K	730K	1.216M	2.353M	3.798M	3.665M	3.280M
Other Income/Expense	12.506M	6.049M	3.996M	-1.197M	3.658M	3.355M	9.980M	3.717M	-9.628M
Net Income	585.883M	150.603M	131.236M	146.861M	157.183M	156.794M	115.283M	115.391M	121.700M
Income Tax Expense	127.943M	9.032M	49.263M	35.864M	33.784M	40.848M	42.842M	19.928M	27.152M
Net Profit Margin	17.1%	17.1%	14.4%	16.2%	18.2%	17.0%	17.0%	18.2%	16.9%
EBITDA	731.922M	162.602M	184.939M	191.283M	193.098M	200.415M	154.652M	136.417M	162.515M
EBITDA Margin	18.5%	18.5%	20.3%	21.1%	22.3%	21.7%	22.8%	21.5%	22.6%
Depreciation & Amortization	30.602M	9.016M	8.436M	7.361M	5.789M	5.108M	4.416M	2.942M	941K
EPS Basic	3.94	1.01	0.88	0.99	1.06	1.08	0.80	0.82	0.86
EPS Diluted	3.83	0.97	0.85	0.97	1.04	1.05	0.79	0.79	0.82
Shares Outstanding	148.496M	148.496M	148.414M	148.028M	147.631M	144.888M	143.664M	143.479M	142.103M
Diluted Shares Outstanding	154.664M	154.664M	153.921M	152.018M	150.901M	149.740M	149.028M	149.079M	149.233M

Annual Income Statement (USD)

Annual Report	03/31/2026	03/31/2025	03/31/2024	03/31/2023	03/31/2022	03/31/2021	03/31/2020	03/31/2019
Revenue	3.559B	2.959B	2.500B	1.902B	1.458B	1.196B	1.171B	660.741M
Cost of Goods Sold	2.399B	1.961B	1.808B	1.615B	1.311B	963.636M	958.380M	604.207M
Gross Profit	1.160B	998.162M	691.644M	286.973M	147.031M	231.981M	212.907M	56.534M
Gross Profit Margin	32.6%	33.7%	27.7%	15.1%	10.1%	19.4%	18.2%	8.6%
Total Operating Expenses	462.829M	359.050M	104.526M	118.488M	81.124M	73.450M	64.002M	55.367M
Research & Development	120.909M	79.392M	42.360M	21.619M	14.176M	13.008M	8.641M	8.562M
Selling, General & Administrative	341.920M	279.658M	183.571M	95.428M	54.005M	60.442M	55.361M	46.805M
Operating Income (EBIT)	697.266M	639.112M	587.118M	168.485M	65.907M	158.531M	148.905M	1.167M
Operating Margin	19.6%	21.6%	23.5%	8.9%	4.5%	13.3%	12.7%	0.2%
Income Before Tax (EBT)	713.826M	648.016M	607.997M	169.083M	65.108M	158.029M	148.929M	760K
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	2.623M	13.096M	13.820M	1.833M	34K	502K	—	—
Other Income/Expense	16.560M	8.904M	20.879M	598K	-799K	-502K	24K	-407K
Net Income	585.883M	509.168M	306.241M	118.887M	50.913M	124.348M	118.256M	-1.590M
Income Tax Expense	127.943M	130.770M	111.782M	47.750M	14.195M	33.681M	30.673M	2.350M
Net Profit Margin	16.5%	17.2%	12.3%	6.3%	3.5%	10.4%	10.1%	-0.2%
EBITDA	727.868M	652.519M	591.481M	173.111M	77.107M	175.340M	166.605M	19.667M
EBITDA Margin	20.4%	22.1%	23.7%	9.1%	5.3%	14.7%	14.2%	3.0%
Depreciation & Amortization	30.602M	13.407M	4.363M	4.626M	11.200M	16.809M	17.700M	18.500M
EPS Basic	3.96	3.55	3.97	0.02	1.11	3.23	3.07	-0.04
EPS Diluted	3.84	3.47	3.37	0.01	1.11	3.23	3.07	-0.04
Shares Outstanding	147.976M	143.539M	77.068M	45.886M	45.869M	38.535M	38.535M	38.535M
Diluted Shares Outstanding	152.710M	149.276M	147.284M	145.852M	45.869M	38.535M	38.535M	38.535M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Nextpower Inc.

Nextpower Inc. provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally. The company offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain; NX Horizon Hail Pro adds automatic stowing using weather service information; and NX Horizon Low Carbon, a solar tracker solution with a reduced carbon footprint. It also provides TrueCapture, an energy yield management system that addresses power production shortfalls; NX Anchor, a solar tracker foundation system to facilitate solar project development in challenging soil conditions; NX Truss Driver, an advanced installation equipment; and NX Navigator, which assists solar power plant owners and operators in monitoring, controlling, and protecting their solar projects. The company serves engineering, procurement, and construction firms, as well as solar project developers and owners. Nextpower Inc. was formerly known as Nextracker Inc. and changed its name to Nextpower Inc. in November 2025. The company was founded in 2013 and is headquartered in Fremont, California.

Fremont, CA

1,300 employees

www.nextpower.com

Technology / Consumer Electronics

Sector: Technology
Industry: Consumer Electronics
CEO: Daniel S. Shugar

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