SequelSEC

Next Technology Holding Inc. NXTT

Services-Computer Processing & Data Preparation · CIK 0001784970 · Fiscal year ends 1231

Revenue
$11.61M
Fiscal year ended 2025-12-31
Operating income
-$80.20M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$1.00BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$13.16Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income7.0×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue86.4×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity2.2×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Services-Computer Processing & Data Preparation filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Current ratio133.17x100th
Net margin1232.6%100th
SBC / revenue661.2%96th
R&D / revenue124.7%94th
Operating margin-690.5%7th
Gross margin15.1%8th
Revenue YoY growth545.3%92th
Effective tax rate28.3%71th

Next Technology Holding Inc. (NXTT) reported revenue of $11.61M and net income of $143.16M for the fiscal year ended 2025-12-31. This page shows 6 annual periods of income statement, balance sheet and cash flow figures normalized from Next Technology Holding Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Computer Processing & Data Preparation.

Income

Next Technology Holding Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Revenue$11.61M$1.80M$2.50M$11.67M$14.38M$6.27M
Cost of revenue$9.86M$730.00K$1.07M$9.70M$2.68M$615.60K
Gross profit$1.76M$1.07M$1.43M$1.98M$11.70M$5.66M
Operating income-$80.20M-$16.80K-$1.24M-$6.79M$5.99M$3.75M
Net income$143.16M$21.54M-$9.92M-$9.16M$5.18M$2.68M
Research & development$14.48MUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 2.32Mshares 28.88Kshares 1.54Mshares 1.21MUnavailableUnavailable
Pretax income$199.55M$29.78M$3.15M-$6.79M$6.30M$3.84M
Income tax expense$56.38M$8.23M$130.42K-$82.65K$1.12M$1.16M
Diluted EPSUnavailableUnavailable$2.10$-5.60UnavailableUnavailable
Selling, general & administrative$67.47MUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$66.72M$1.09M$2.67M$6.79M$5.71M$1.90M
Selling & marketing$750.18KUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Next Technology Holding Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Cash & equivalents$5.62M$668.39K$668.39K$22.93K$616.59K$4.64M
Total assets$524.13M$92.92M$48.93M$46.52M$19.47M$13.54M
Current assets$524.13M$92.92M$48.93M$46.52M$16.44M$10.42M
Total liabilities$68.55M$11.29M$4.22M$4.82M$4.94M$4.65M
Current liabilities$3.94M$3.05M$4.22M$4.82M$3.00M$2.18M
Total equity incl. NCI$455.58M$81.63M$44.71M$41.71M$14.54M$8.89M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$354.77K$1.80M$1.00M$6.17M$5.63M$2.61M
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$751.32K$730.00K$800.00K$143.92K$7.71K$8.18K

Cash flow

Next Technology Holding Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Operating cash flow-$3.07MUnavailable$20.21M-$37.80M-$3.75M$1.16M
Capital expendituresUnavailableUnavailableUnavailable$693.56K$417.11K$0
Investing cash flowUnavailableUnavailable-$32.62M$493.95K-$1.03M$0
Financing cash flow$8.03MUnavailable$13.05M$39.53M$689.03K-$3.68M
Net change in cashUnavailableUnavailable$645.46K-$593.67K-$4.02M-$1.95M
Stock-based compensation$76.80MUnavailableUnavailableUnavailableUnavailableUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailable$828.98K$23.35K$0

Derived

Next Technology Holding Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailable-$4.17M$1.16M
Gross margin15.1%59.4%57.2%16.9%81.4%90.2%
Operating margin-690.5%-0.9%-49.5%Unavailable41.7%59.9%
FCF marginUnavailableUnavailableUnavailableUnavailable-29.0%18.5%
SBC / revenue661.2%UnavailableUnavailableUnavailableUnavailableUnavailable
Current ratio133.17x30.43x11.59x9.66x5.48x4.78x
Revenue YoY growth545.3%-28.0%-78.6%-18.8%129.3%Unavailable
Net margin1232.6%1196.8%UnavailableUnavailable36.0%42.7%
R&D / revenue124.7%UnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailable5.9%2.9%0.0%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate28.3%27.7%4.1%Unavailable17.8%30.3%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NXTT in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-24View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-03-31View SEC filing
10-Q · Filed 2025-10-08View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-09View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.