Next Technology Holding Inc. NXTT
conducting through subsidiaries in Republic of China ("PRC") engaging in the business of providing technical services and
solution to corporate and individual users. In the third quarter of 2024, we terminated all operations in the PRC to shift our software
development services to overseas markets and commenced business strategy of acquiring and holding bitcoin. As of December 31, 2025, the
Company pursue two corporate strategies: (1) providing AI-enabled software development services, and (2) acquiring and holding Bitcoin.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.6M | $1.8M | $2.5M | $11.7M | $14.4M | $6.3M | — | — |
| Cost of revenue | $9.9M | $730.0K | $1.1M | $9.7M | $2.7M | $615.6K | — | — |
| Gross profit | $1.8M | $1.1M | $1.4M | $2.0M | $11.7M | $5.7M | — | — |
| R&D | $14.5M | — | — | — | — | — | — | — |
| SG&A | $66.7M | $1.1M | $2.7M | $6.8M | $5.7M | $1.9M | $417.4K | — |
| Total operating expenses | $82.0M | $1.1M | $2.7M | — | — | — | $417.4K | — |
| Operating income | -$80.2M | -$16.8K | -$1.2M | -$6.8M | $6.0M | $3.8M | — | — |
| Pre-tax income | $199.5M | $29.8M | $3.2M | -$6.8M | $6.3M | $3.8M | — | — |
| Income tax | $56.4M | $8.2M | $130.4K | $82.7K | $1.1M | $1.2M | — | — |
| Net income | $143.2M | $21.5M | -$9.9M | -$9.2M | $5.2M | $2.7M | -$417.4K | — |
| EPS, basic | — | — | 1.90 | -5.60 | 0.02 | 0.01 | — | — |
| EPS, diluted | — | — | 2.10 | -5.60 | — | 0.01 | 0.00 | — |
| Shares, diluted (wtd. avg.) | 2.3M | 28,878 | 1.5M | 1.2M | 305.5M | 304.2M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.6M | $668.4K | $668.4K | $22.9K | $616.6K | $4.6M | $6.6M | $0 |
| Receivables | $354.8K | $1.8M | $1.0M | $6.8M | $5.6M | $2.6M | $0 | — |
| Total current assets | $524.1M | $92.9M | $48.9M | $46.5M | $16.4M | $10.4M | $6.6M | — |
| Property, plant and equipment | — | — | — | $992.4K | $395.4K | $0 | — | — |
| Other intangibles | — | — | — | $23.2K | $37.8K | $49.0K | $0 | — |
| Total assets | $524.1M | $92.9M | $48.9M | $46.5M | $19.5M | $13.5M | $6.6M | — |
| Accounts payable | $751.3K | $730.0K | $800.0K | $143.9K | $7.7K | $8.2K | $0 | — |
| Total current liabilities | $3.9M | $3.1M | $4.2M | $4.8M | $3.0M | $2.2M | $1.8M | — |
| Total liabilities | $68.6M | $11.3M | $4.2M | $4.8M | $4.9M | $4.6M | $1.8M | — |
| Retained earnings | $152.3M | $9.9M | -$11.6M | -$1.7M | $7.4M | $2.3M | -$417.4K | — |
| Total equity | $455.6M | $81.6M | $44.7M | $41.7M | $14.5M | $8.9M | $4.8M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.1M | — | $20.2M | -$37.8M | -$3.8M | $1.2M | — | — |
| Depreciation and amortisation | — | — | — | $263.3K | $23.4K | — | — | — |
| Stock-based compensation | $76.8M | — | — | — | — | — | — | — |
| Capital expenditure | — | — | — | $693.6K | $417.1K | $0 | — | — |
| Investing cash flow | — | — | -$32.6M | $494.0K | -$1.0M | $0 | — | — |
| Financing cash flow | $8.0M | — | $13.1M | $39.5M | $689.0K | -$3.7M | — | — |
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 0001213900-26-037199.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $6.3M | $14.4M | $11.7M | $2.5M | $1.8M | $11.6M |
| Gross profit | — | — | $5.7M | $11.7M | $2.0M | $1.4M | $1.1M | $1.8M |
| Net income | — | -$417.4K | $2.7M | $5.2M | -$9.2M | -$9.9M | $21.5M | $143.2M |
Recent filings and events
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- 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
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- 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
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Officer or director change Item 5.02
- Material agreement signed Item 1.01
- Other event Item 8.01
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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