Nextpower Inc. NXT

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

We envision a world electrified by clean energy.

Our mission is to be the trusted partner delivering the world's most intelligent, reliable, and productive clean-power technology.

We are a leading global provider of solar and energy technology solutions for utility-scale power plants. Founded in 2013 by our Chief Executive Officer, Dan Shugar, we pioneered and remain the global market leader in solar tracking systems. We now deliver an integrated suite of structural, electrical, and digital solutions across the full lifecycle of solar power plants, from design and construction through operations and maintenance. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer return on investment ("ROI").

Last close 78.89 2026-10-23
Market cap $11.89B estimated share count
52-week range 75.41 - 163.13

Valuation FY2025 figures against the last close

P/S3.3x
P/E20.5x
P/FCF23.2x
EV/EBITDA16.3x
Dividend yield—
Diluted EPS3.84

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S. - Geographic Concentration Risk - Revenue Benchmark
  • Rest of the World - Geographic Concentration Risk - Revenue Benchmark
  • Other
Revenue by geography, 3 categories over 2 years. The same figures are in the table below. FY2025 U.S. - Geographic Concentration Risk - Revenue Benchmark, FY2025: 2.7B (76.7%) 77% U.S. - Geographic Concentration Risk - Revenue Benchmark Rest of the World - Geographic Concentration Risk - Revenue Benchmark, FY2025: 828.7M (23.3%) 23% Other, FY2025: 0 (0.0%) FY2024 U.S. - Geographic Concentration Risk - Revenue Benchmark, FY2024: 2B (68.7%) 69% Rest of the World - Geographic Concentration Risk - Revenue Benchmark, FY2024: 927.6M (31.3%) 31% Other, FY2024: 0 (0.0%)
Region FY2025FY2024
U.S. - Geographic Concentration Risk - Revenue Benchmark $2.73B $2.03B
Rest of the World - Geographic Concentration Risk - Revenue Benchmark $828.7M $927.6M
Other $0 $0

As the company reported it, from the “Segment reporting - Summary of Geographic Information of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $3.56B$2.96B$2.50B$1.90B$1.46B$1.20B—
Cost of revenue $2.40B$1.95B$1.69B$1.62B$1.31B$963.6M—
Gross profit $1.16B$1.01B$813.0M$287.0M$147.0M$232.0M—
R&D $120.9M$79.4M$42.4M$21.6M$14.2M$13.0M—
SG&A $341.9M$290.3M$183.6M$96.9M$66.9M$60.4M—
Operating income $697.3M$639.1M$587.1M$168.5M$65.9M$158.5M—
Pre-tax income $713.8M$648.0M$608.0M$169.1M$65.1M$158.0M—
Income tax $127.9M$130.8M$111.8M$47.8M$14.2M$33.7M—
Net income $585.9M$517.2M$496.2M$121.3M$0$0—
EPS, basic 3.963.553.970.02———
EPS, diluted 3.843.473.370.02———
Shares, diluted (wtd. avg.) 152.7M149.3M147.3M145.9M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $1.09B$766.1M$474.1M$130.0M$29.1M$190.6M$3.0M
Receivables $417.0M$472.5M$382.7M$271.2M$168.3M——
Inventory $262.3M$209.4M$201.7M$138.1M$172.2M——
Total current assets $2.85B$2.16B$1.77B$872.3M$714.1M——
Property, plant and equipment $78.4M$60.4M$9.2M$7.3M$7.4M——
Goodwill $488.9M$371.0M$265.2M$265.2M$265.2M——
Other intangibles $78.0M$53.2M$1.5M$1.3M$2.5M——
Total assets $4.07B$3.19B$2.52B$1.42B$1.02B——
Accounts payable $533.5M$585.3M$456.6M$211.4M$266.6M——
Short-term debt —$0$3.8M————
Total current liabilities $1.16B$1.03B$891.5M$507.4M$473.4M——
Long-term debt —$0$144.0M$147.1M$0——
Total liabilities $1.74B$1.56B$1.53B$934.8M$516.2M——
Retained earnings -$1.97B-$2.56B-$3.07B-$3.08B$0——
Total equity $2.33B$1.63B$992.0M-$3.08B$0$0—

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $562.9M$655.8M$429.0M$107.7M-$147.1M$94.3M—
Depreciation and amortisation $30.6M$13.4M$4.4M$4.6M$11.1M$16.8M—
Stock-based compensation $120.3M$118.9M$56.8M$32.0M$3.0M$4.3M—
Capital expenditure $49.3M$33.9M$6.2M$3.2M$5.9M$2.5M—
Investing cash flow -$186.9M-$186.1M-$6.7M-$3.2M-$5.8M-$3.0M—
Financing cash flow -$47.2M-$177.6M-$78.3M-$3.6M-$8.7M$96.3M—
Buybacks $395.0K$0$0$693.8M$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001852131-26-000038.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2020: 1.2B Gross profit, FY2020: 232M Net income, FY2020: 0 Revenue, FY2021: 1.5B Gross profit, FY2021: 147M Net income, FY2021: 0 Revenue, FY2022: 1.9B Gross profit, FY2022: 287M Net income, FY2022: 121.3M Revenue, FY2023: 2.5B Gross profit, FY2023: 813M Net income, FY2023: 496.2M Revenue, FY2024: 3B Gross profit, FY2024: 1B Net income, FY2024: 517.2M Revenue, FY2025: 3.6B Gross profit, FY2025: 1.2B Net income, FY2025: 585.9M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $1.20B $1.46B $1.90B $2.50B $2.96B $3.56B
Gross profit — $232.0M $147.0M $287.0M $813.0M $1.01B $1.16B
Net income — $0 $0 $121.3M $496.2M $517.2M $585.9M

Recent filings and events

  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Unregistered share sale Item 3.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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