Nextpower Inc.

Listed Company

NXTCIK 0001852131NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Mar 31

Period

FY 2026

Revenue

$3.56B

Net Income

$585.88M

Total Assets

$4.07B

Equity

$2.33B

Shares Out

136.54M

Op. Cash Flow

$562.91M

NXT$103.13+70.48% · past yearDBEQ Basic

Daily closing prices

Business

Nextpower Inc. provides solar tracking systems and integrated balance-of-systems solutions for utility-scale solar power plants. The company designs and manufactures structural, electrical, and digital components, including independent-row tracker systems, foundations, steel frames, and software platforms such as TrueCapture and NX Navigator. Nextpower operates globally through engineering-procurement-construction firms and project developers across the U.S., Europe, Latin America, India, the Middle East, Africa, and Australia.

Summary from 10-K filed 2026-05-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Revenue	3,559	2,959	2,500	1,902	1,458
Cost of sales	2,399	1,950	1,687	1,615	1,311
Gross profit	1,160	1,009	813	287	147
Selling, general and administrative expenses	342	290	184	97	67
Research and development	121	79	42	22	14
Operating income	697	639	587	168	66
Interest expense	3	13	14	2	34,000
Other income, net	−19	−22	−35	−2	765,000
Income before income taxes	714	648	608	169	65
Provision for income taxes	128	131	112	48	14
Net income	586	517	496	121	51
Less: Net income attributable to non-controlling interests	0	8	190	2	0
Net income attributable to Nextpower Inc.	586	509	306	1	0
Basic (in USD per share)	3.96	3.55	3.97	0.02	—
Diluted (in USD per share)	3.84	3.47	3.37	0.02	—
Basic (in shares)	148	144	77	46	—
Diluted (in shares)	153	149	147	146	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	1,095	766	474	130	29
Accounts receivable, net of allowance of $2,078 and $1,472, respectively	417	472	383	271	168
Contract assets	533	406	397	298	292
Inventories	262	209	202	138	172
Section 45X credit receivable	353	216	125	—	—
Other current assets	186	88	187	35	52
Total current assets	2,847	2,158	1,768	872	714
Property and equipment, net	78	60	9	7	7
Goodwill	489	371	265	265	265
Other intangible assets, net	78	53	2	1	3
Deferred tax assets	512	499	438	—	—
Other assets	69	51	36	—	—
Total assets	4,073	3,193	2,519	1,420	1,017
Accounts payable	533	585	457	211	267
Accrued expenses	130	97	82	60	26
Deferred revenue	307	247	—	—	—
Other current liabilities	193	104	123	48	63
Total current liabilities	1,164	1,034	891	507	473
Tax receivable agreement (TRA) liability	373	395	—	—	—
Long-term deferred revenue	102	97	—	—	—
Other liabilities	100	39	30	280	43
Total liabilities	1,739	1,564	1,527	935	516
Commitments and contingencies (Note 11)	—	—	—	—	—
Additional paid-in-capital	4,306	4,186	4,028	0	—
Accumulated deficit	−1,972	−2,557	−3,067	−3,076	0
Accumulated other comprehensive loss	183,000	−298,000	17,000	0	—
Total stockholders equity	2,334	1,628	992	−3,076	0
Total liabilities and stockholders equity	4,073	3,193	2,519	1,420	1,017

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Depreciation and amortization of intangible assets	31	13	4	5	11
Provision for (recovery of) credit losses	606,000	−2	2	1	−1
Non-cash other expense (income)	25	17	−638,000	2	2
Debt extinguishment costs	5	0	0	—	—
Amortization of debt issuance cost	1	2	571,000	143,000	—
Changes in fair value of contingent consideration	6	0	0	—	—
Stock-based compensation	120	119	57	32	3
Deferred income taxes	−223,000	−9	−38	26	−5
Accounts receivable	62	−48	−114	−160	−45
Contract assets	−126	−9	−99	−7	−146
Inventories	−47	−3	−61	25	−88
Section 45X credit receivable	−267	−92	−125	0	—
Other current and noncurrent assets	−94	68	21	−19	−18
Accounts payable	−49	103	245	−37	36
Other current and noncurrent liabilities	242	−55	−42	22	28
Deferred revenue (current and noncurrent)	68	35	83	120	15
Net cash provided by operating activities	563	656	429	108	−147
Payment for business acquisitions, net of cash acquired	−117	−145	0	0	—
Purchases of property and equipment	−49	−34	−6	−3	−6
Purchase of equity method investment	−12	0	0	—	—
Other investing activities	−8	−8	−500,000	—	—
Net cash used in investing activities	−187	−186	−7	−3	−6
Repayments of bank borrowings	0	−150	0	−20	0
Payment of revolver issuance cost	−2	−6	0	0	—
TRA payment	−27	−16	0	0	—
Distribution to former non-controlling interest holders	−3	−6	−67	−175	0
Payment of acquisition deferred purchase price	−14	0	0	—	—
Repurchases of common stock	−395,000	0	0	−694	0
Net proceeds from issuance of Class A shares	0	0	552	694	0
Purchase of LLC common units from Yuma, Inc.	0	0	−552	—	—
Net transfers to former parent	0	0	−8	24	−9
Other financing activities	0	0	−3	−3	0
Net cash used in financing activities	−47	−178	−78	−4	−9
Net increase in cash and cash equivalents	329	292	344	101	−162

Filings

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Frequently asked questions

What is Nextpower Inc.'s CIK number?

Nextpower Inc.'s SEC CIK number is 0001852131 (1852131). 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 Nextpower Inc.'s SEC filings?

All of Nextpower 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.

When did Nextpower Inc. last report earnings?

Nextpower Inc. (NXT) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001852131-26-000014). This is Nextpower Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Nextpower Inc.'s most recent earnings 8-K?

Nextpower Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001852131-26-000014. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Nextpower Inc.'s latest earnings 8-K →
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