N
Nixxy, Inc.
Period
FY 2025
Revenue
$97.91M
Net Income
$-14.98M
Total Assets
$13.18M
Equity
$7.98M
Shares Out
26.89M
Op. Cash Flow
$-4.57M
Business
Nixxy, Inc. is a telecommunications infrastructure and AI-enabled communications platform company that provides wholesale voice termination, SMS routing, billing, and carrier interconnect services to global carriers. The company operates a carrier-scale telecommunications network (NIXXY COMM™) enhanced by intelligent routing, automation, and fraud detection. It is pursuing a convergence strategy to extend communications into transaction-enabled financial workflows through partnerships and development of software platforms including AQUA AI and Leadnova.ai, targeting global wholesale telecommunications and emerging fintech infrastructure markets.
Summary from 10-K filed 2026-04-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 98 | 6,000 | 3 | 21 | 22 | |
| Cost of revenue (exclusive of amortization shown separately below) | 98 | 3,000 | — | — | — | |
| Sales and marketing | 604,000 | 671,000 | 387,359 | 725,687 | 472,213 | |
| Product development | 246,000 | 41,000 | 416,897 | 1 | 1 | |
| Amortization of intangibles | 2 | 569,000 | 1 | 4 | — | |
| Goodwill and intangible assets impairment | 2 | 5 | — | — | — | |
| General and administrative | 7 | 7 | 6 | 15 | 17 | |
| Total operating expenses | 110 | 13 | 11 | 25 | 24 | |
| LOSS FROM CONTINUING OPERATIONS | −12 | −13 | −8 | −18 | −17 | |
| Interest expense | −123,000 | −654,000 | — | — | — | |
| Gain on assets sale | 0 | 2 | 551,127 | — | — | |
| Loss on adjustment of fair value of marketable securities | −136,000 | −240,000 | — | — | — | |
| Loss on debt extinguishment | 0 | −9 | 0 | 1 | 24,925 | |
| Other income (expense) | 69,000 | 6,000 | — | — | — | |
| Change in fair value of contingent consideration | −1 | 0 | — | — | — | |
| Total other (expenses) income | −1 | −8 | 2,017 | — | 610,336 | |
| Loss from continuing operations before income taxes | −13 | −21 | −8 | −18 | −16 | |
| Provision for income taxes | 0 | 0 | 0 | 0 | 0 | |
| NET LOSS FROM CONTINUING OPERATIONS | −13 | −21 | — | — | — | |
| Net loss from discontinued operations | −2 | −2 | — | — | — | |
| Net loss | −15 | −23 | −7 | −16 | −16 | |
| NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS | −15 | −23 | — | — | — | |
| NET LOSS FROM CONTINUING OPERATIONS PER COMMON SHARE - BASIC | −0.64 | −3.49 | — | — | — | |
| NET LOSS FROM CONTINUING OPERATIONS PER COMMON SHARE - DILUTED | −0.64 | −3.49 | −6.08 | — | — | |
| NET LOSS FROM DISCONTINUED OPERATIONS PER COMMON SHARE - BASIC | −0.09 | −0.33 | — | — | — | |
| NET LOSS FROM DISCONTINUED OPERATIONS PER COMMON SHARE - DILUTED | −0.09 | −0.33 | — | — | — | |
| NET LOSS PER COMMON SHARE - BASIC | −0.73 | −3.82 | — | — | — | |
| NET LOSS PER COMMON SHARE - DILUTED | −0.73 | −3.82 | −5.64 | — | — | |
| WEIGHTED AVERAGE COMMON SHARES - BASIC | 20 | 6 | — | — | — | |
| WEIGHTED AVERAGE COMMON SHARES - DILUTED | 20 | 6 | 1 | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-03-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 |
|---|---|---|---|---|---|---|
| Cash | 182,000 | 3 | — | 1 | — | |
| Accounts receivable, net of allowance for credit losses of $835 and $864, respectively | 1 | 8,000 | — | 405,786 | — | |
| Prepaid expenses and other current assets | 108,000 | 459,000 | — | 252,099 | — | |
| Investment in Marketable Securities | 343,000 | 142,000 | — | 382,000 | — | |
| Current assets of discontinued operations | 0 | 24,000 | — | — | — | |
| Total current assets | 2 | 3 | — | 2 | — | |
| Property and equipment, accumulated depreciation of $61 and $54, respectively | 0 | 7,000 | — | 36,311 | — | |
| Intangible assets, net | 11 | 801,000 | — | 1 | — | |
| Goodwill | 0 | 2 | — | 6 | 7 | |
| Non-current assets of discontinued operations | 0 | 1 | — | — | — | |
| Total assets | 13 | 7 | — | 10 | — | |
| Accounts payable | 3 | 1 | — | 2 | — | |
| Accrued expenses | 930,000 | 767,000 | — | 770,625 | — | |
| Accrued compensation | 125,000 | 123,000 | — | 154,764 | — | |
| Accrued interest | 11,000 | 254,000 | — | 280,597 | — | |
| Contingent consideration | 500,000 | 0 | — | — | — | |
| Other liabilities | 17,000 | 17,000 | — | 82,188 | — | |
| Loans payable - current portion, net of discount | 56,000 | 1 | — | 6 | — | |
| Line of credit payable | 775,000 | 0 | — | — | — | |
| Refundable deposit on preferred stock purchase | 285,000 | 285,000 | — | — | — | |
| Contract liabilities | 0 | 49,000 | — | — | — | |
| Current liabilities of discontinued operations | 0 | 608,000 | — | 0 | — | |
| Total current liabilities | 5 | 4 | — | 10 | — | |
| Total liabilities | 5 | 4 | — | 10 | — | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Common stock, $0.0001 par value; 200,000,000 shares authorized; 25,946,889 and 15,086,476 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | 3,000 | 2,000 | 647,055 | 143 | — | |
| Common Stock to be issued, 402,737 and 506,625 shares as of December 31, 2025 and 2024, respectively | 0 | 0 | — | 0 | — | |
| Additional paid-in capital | 122 | 102 | — | 77 | — | |
| Accumulated deficit | −114 | −99 | — | −76 | — | |
| Total stockholders' equity | 8 | 3 | — | 930,008 | — | |
| Total liabilities and stockholders' equity | 13 | 7 | — | 10 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 2 | 1 | 1 | 4 | 3 | |
| Equity based compensation expense - stock | 5 | 6 | 1 | — | — | |
| Equity based compensation expense - options | 37,000 | 112,000 | — | — | — | |
| Accounts receivable collected on assets held for distribution | 7,000 | 0 | — | — | — | |
| Allowance for (recovery of) credit losses | 7,000 | −84,000 | — | — | — | |
| Impairment expense | 2 | 5 | 0 | 4 | — | |
| Loss on shares issued in settlement of consulting agreement | 0 | 153,000 | — | — | — | |
| Loss on debt settlement | 0 | 9 | — | — | — | |
| Gain on deconsolidation | −337,000 | 0 | — | — | — | |
| Change in fair value of derivative liability | 53,000 | 0 | — | — | 0 | |
| Change in fair value of warrant liability | 2,000 | −13,000 | −96,000 | — | — | |
| Gain on assets sale | 0 | −2 | −552,527 | −250,000 | — | |
| Amortization of debt discount and debt costs | 0 | 177,000 | 1 | — | — | |
| (Increase) decrease in accounts receivable | −1 | 458,000 | 2 | −1 | −5 | |
| Decrease (increase) in prepaid expenses and other current assets | 416,000 | −207,000 | 95,623 | 253,149 | −74,742 | |
| Increase (decrease) in accounts payable and accrued liabilities | 2 | −321,000 | −18,489 | −594,967 | 2 | |
| Decrease in deferred revenue | −49,000 | −54,000 | −65,371 | −531,231 | 525,767 | |
| Net cash used in operating activities | −5 | −4 | −947,299 | −7 | −9 | |
| Purchase of intangible assets | −400,000 | 0 | — | — | 0 | |
| Proceeds from sale of assets | 0 | 2 | 0 | — | — | |
| Net cash (used in) provided by investing activities | −400,000 | 2 | 0 | −350,097 | −2 | |
| Issuance of common stock, net of fees | 0 | 4 | — | — | — | |
| Repayments of notes | 0 | −1 | −668,478 | −2 | — | |
| Gross proceeds from exercise of the warrants | 0 | 599,000 | 315,178 | 0 | — | |
| Proceeds from sale of common stock in offering | 2 | 0 | 785,509 | 0 | 14 | |
| Proceeds from line of credit payable | 775,000 | 0 | — | — | — | |
| Net cash provided by financing activities | 3 | 4 | 1 | 6 | 14 | |
| Net (decrease) increase in cash | −2 | 2 | 61,604 | −2 | 2 | |
| Cash paid during the year for interest | 0 | 150,000 | 323,141 | 256,648 | 240,980 | |
| Cash paid during the year for income taxes | 0 | 0 | 0 | 0 | 0 | |
| Issuance of common stock issued upon purchase of intangible assets | 11 | 647,000 | — | — | — | |
| Warrants issued in connection with purchase of intangible assets | 0 | 480,000 | — | — | — | |
| Issuance of common stock issued upon conversion of note payable | 0 | 274,000 | — | — | — | |
| Issuance of common stock from conversion of warrants | 0 | 592,000 | — | — | — | |
| Issuance of common stock for debt settlements | 0 | 3 | — | — | — | |
| Stock to be issued for fixed consideration | 500,000 | 0 | — | — | — | |
| Issuance of common stock upon debt conversion | 1 | 0 | — | — | — | |
| D&O Insurance Policy | 65,000 | 0 | — | — | — | |
| Distribution associated with Spin-off | 103,000 | 0 | — | — | — |
Filings
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Frequently asked questions
What is Nixxy, Inc.'s CIK number?
Nixxy, Inc.'s SEC CIK number is 0001462223 (1462223). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Nixxy, Inc.'s SEC filings?
All of Nixxy, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.