Net Income
Trailing-twelve-month (TTM) net income is $585.88 Million with a year-over-year change of +15.07%. Net income represents the company's bottom line profit after all expenses, taxes, and interest.
NXT Net Income
Reported quarterly net income; no daily interpolation.
NXT Quarterly Net Income Growth (YoY)
Net Income growth vs the same quarter one year earlier, last 20 quarters.
Net Income (TTM)
$585.88M
$585.88 Million
Year-over-Year Change
+15.07%
vs. $509.15M a year ago (TTM)
Net Income CAGR
+36.35%
5 Year compound annual growth rate
Net Income CAGR (Compound Annual Growth Rate)
1 Year
+15.07%
3 Year
+70.15%
5 Year
+36.35%
10 Year
N/A
15 Year
N/A
20 Year
N/A
CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.
Annual Net Income History
| Year | Net Income | YoY Change | % Change |
|---|---|---|---|
| 2026 | $585.88M | +$76.72M | +15.07% |
| 2025 | $509.17M | +$202.93M | +66.26% |
| 2024 | $306.24M | +$187.35M | +157.59% |
| 2023 | $118.89M | +$67.97M | +133.51% |
| 2022 | $50.91M | ($73.44M) | (59.06%) |
| 2021 | $124.35M | +$6.09M | +5.15% |
| 2020 | $118.26M | +$119.85M | — |
Net Income Growth Summary
TTM Growth
+15.07%
3-Year Avg Growth
+70.15%
5-Year Avg Growth
+36.35%
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.
- Sector
- Technology
- Industry
- Consumer Electronics
- CEO
- Daniel S. Shugar