Source: Nextpower's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
$1.20B
$1.46B
$1.90B
$2.50B
$2.96B
$3.56B
Cost of revenue
$963.64M
$1.31B
$1.62B
$1.69B
$1.95B
$2.40B
Gross profit
$231.98M
$147.03M
$286.97M
$813.05M
$1.01B
$1.16B
Research & development
$13.01M
$14.18M
$21.62M
$42.36M
$79.39M
$120.91M
Selling, general & admin
$60.44M
$66.95M
$96.87M
$183.57M
$290.32M
$341.92M
Operating income
$158.53M
$65.91M
$168.49M
$587.12M
$639.11M
$697.27M
Pre-tax income
$158.03M
$65.11M
$169.08M
$608.00M
$648.02M
$713.83M
Income tax
$33.68M
$14.20M
$47.75M
$111.78M
$130.77M
$127.94M
Net income
$0
$0
$1.14M
$306.24M
$509.17M
$585.88M
EBITDA
$175.34M
$77.05M
$173.11M
$591.48M
$652.52M
$727.87M
EPS (basic)
—
—
$0.02
$3.97
$3.55
$3.96
EPS (diluted)
—
—
$0.02
$3.37
$3.47
$3.84
Diluted shares
—
—
145.85M
147.28M
149.28M
152.71M
Gross margin
19.4%
10.1%
15.1%
32.5%
34.1%
32.6%
Operating margin
13.3%
4.5%
8.9%
23.5%
21.6%
19.6%
Net margin
0.0%
0.0%
0.1%
12.3%
17.2%
16.5%
Balance sheet
fiscal years · USD
Fiscal year
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash & equivalents
$190.59M
$29.07M
$130.01M
$474.05M
$766.10M
$1.09B
Receivables
—
$168.30M
$271.16M
$382.69M
$472.46M
$417.04M
Inventory
—
$172.21M
$138.06M
$201.74M
$209.43M
$262.28M
Total current assets
—
$714.06M
$872.26M
$1.77B
$2.16B
$2.85B
Goodwill
—
$265.15M
$265.15M
$265.15M
$371.02M
$488.95M
Total assets
—
$1.02B
$1.42B
$2.52B
$3.19B
$4.07B
Total current liabilities
—
$473.37M
$507.43M
$891.49M
$1.03B
$1.16B
Short-term debt
—
—
—
$3.75M
$0
—
Long-term debt
—
$0
$147.15M
$143.97M
$0
—
Total debt
—
$0
$147.15M
$147.72M
$0
—
Total liabilities
—
$516.16M
$934.82M
$1.53B
$1.56B
$1.74B
Shareholders' equity
$456.05M
$0
-$3.08B
$992.03M
$1.63B
$2.33B
Cash flow
fiscal years · USD
Fiscal year
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Operating cash flow
$94.27M
-$147.11M
$107.67M
$428.97M
$655.79M
$562.91M
Capital expenditures
$2.46M
$5.92M
$3.18M
$6.16M
$33.92M
$49.28M
Free cash flow
$91.81M
-$153.03M
$104.49M
$422.81M
$621.87M
$513.63M
Investing cash flow
-$2.96M
-$5.75M
-$3.16M
-$6.66M
-$186.10M
-$186.88M
Financing cash flow
$96.33M
-$8.66M
-$3.57M
-$78.27M
-$177.65M
-$47.16M
Share buybacks
—
$0
$693.78M
$0
$0
$395.00K
Stock-based compensation
$4.31M
$3.05M
$31.99M
$56.78M
$118.88M
$120.30M
Depreciation & amortization
$16.81M
$11.15M
$4.63M
$4.36M
$13.41M
$30.60M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jul 2026
Oct 2026
Revenue
$710.43M
$736.51M
$719.92M
$635.57M
$679.36M
$924.34M
$864.25M
$905.27M
$909.35M
$880.52M
$935.17M
$1.11B
Cost of revenue
$500.70M
$396.05M
$482.48M
$410.78M
$438.46M
$618.65M
$582.53M
$612.41M
$621.22M
$583.14M
$599.32M
$763.96M
Gross profit
$209.72M
$340.47M
$237.44M
$224.79M
$240.90M
$305.69M
$281.73M
$292.86M
$288.13M
$297.38M
$335.85M
$345.32M
Research & development
$12.90M
$13.09M
$16.52M
$19.19M
$20.09M
$23.59M
$21.56M
$26.89M
$29.29M
$43.17M
$44.51M
$45.57M
Selling, general & admin
$48.36M
$56.71M
$60.83M
$72.13M
$70.57M
$86.79M
$73.94M
$84.63M
$82.73M
$100.62M
$100.44M
$92.20M
Operating income
$148.47M
$270.67M
$160.09M
$133.47M
$150.24M
$195.31M
$186.23M
$181.34M
$176.10M
$153.59M
$190.91M
$207.55M
Pre-tax income
$166.78M
$283.06M
$151.95M
$137.19M
$160.22M
$198.66M
$190.97M
$182.72M
$180.50M
$159.63M
$198.93M
$215.07M
Income tax
$38.82M
$59.86M
$27.15M
$19.93M
$42.84M
$40.85M
$33.78M
$35.86M
$49.26M
$9.03M
$33.57M
$49.62M
Net income
$41.40M
$205.16M
$121.70M
$115.39M
$115.28M
$156.79M
$157.18M
$146.86M
$131.24M
$150.60M
$165.35M
$165.45M
EBITDA
$149.59M
$271.90M
$161.03M
$136.42M
$154.65M
$200.41M
$192.02M
$188.71M
$184.54M
$162.60M
$199.67M
$222.47M
EPS (basic)
$0.67
$2.19
$0.86
$0.80
$0.80
$1.09
$1.06
$0.99
$0.88
$1.02
$1.10
$1.09
EPS (diluted)
$0.87
$1.51
$0.84
$0.79
$0.79
$1.06
$1.04
$0.97
$0.85
$0.98
$1.07
$1.08
Diluted shares
147.34M
124.28K
149.23M
149.08M
149.03M
141.95K
150.90M
152.02M
153.92M
648.27K
155.14M
153.91M
Gross margin
29.5%
46.2%
33.0%
35.4%
35.5%
33.1%
32.6%
32.4%
31.7%
33.8%
35.9%
31.1%
Operating margin
20.9%
36.8%
22.2%
21.0%
22.1%
21.1%
21.5%
20.0%
19.4%
17.4%
20.4%
18.7%
Net margin
5.8%
27.9%
16.9%
18.2%
17.0%
17.0%
18.2%
16.2%
14.4%
17.1%
17.7%
14.9%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jul 2026
Oct 2026
Cash & equivalents
$367.82M
$474.05M
$471.88M
$561.88M
$693.54M
$766.10M
$743.40M
$845.34M
$952.62M
$1.09B
$1.21B
$1.03B
Receivables
$365.27M
$382.69M
$401.94M
$357.59M
$457.92M
$472.46M
$553.58M
$549.22M
$452.24M
$417.04M
$444.71M
$584.30M
Inventory
$202.66M
$201.74M
$166.02M
$179.25M
$217.30M
$209.43M
$227.13M
$221.16M
$275.29M
$262.28M
$261.62M
$264.14M
Total current assets
$1.42B
$1.77B
$1.70B
$1.78B
$1.99B
$2.16B
$2.23B
$2.44B
$2.56B
$2.85B
$3.03B
$3.06B
Goodwill
$265.15M
$265.15M
$328.38M
$370.61M
$370.61M
$371.02M
$444.92M
$473.67M
$485.30M
$488.95M
$488.95M
$653.59M
Total assets
$2.10B
$2.52B
$2.63B
$2.77B
$2.98B
$3.19B
$3.39B
$3.67B
$3.80B
$4.07B
$4.26B
$4.64B
Total current liabilities
$759.44M
$891.49M
$802.96M
$806.28M
$904.64M
$1.03B
$1.03B
$1.12B
$1.08B
$1.16B
$1.13B
$1.37B
Short-term debt
—
$3.75M
$4.69M
$5.62M
$6.56M
$0
—
—
—
—
—
—
Long-term debt
$144.76M
$143.97M
$142.24M
$140.50M
$138.77M
$0
—
—
—
—
—
—
Total debt
$144.76M
$147.72M
$146.92M
$146.13M
$145.33M
$0
—
—
—
—
—
—
Total liabilities
$1.34B
$1.53B
$1.49B
$1.49B
$1.56B
$1.56B
$1.58B
$1.68B
$1.65B
$1.74B
$1.71B
$1.99B
Shareholders' equity
-$3.12B
$992.03M
$1.12B
$1.28B
$1.42B
$1.63B
$1.81B
$1.99B
$2.15B
$2.33B
$2.56B
$2.65B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jul 2026
Oct 2026
Operating cash flow
$64.80M
$111.49M
$120.85M
$153.78M
$143.84M
$237.33M
$81.32M
$186.88M
$123.28M
$171.43M
$121.06M
$158.10M
Capital expenditures
$2.44M
$2.31M
$2.89M
$12.01M
$8.94M
$10.08M
$11.26M
$15.47M
$4.73M
$17.81M
$15.90M
$23.13M
Free cash flow
$62.36M
$109.18M
$117.96M
$141.77M
$134.90M
$227.25M
$70.07M
$171.41M
$118.55M
$153.61M
$105.16M
$134.97M
Investing cash flow
-$2.44M
-$2.81M
-$113.06M
-$46.52M
-$8.94M
-$17.58M
-$98.07M
-$44.45M
-$15.80M
-$28.56M
-$21.90M
-$157.58M
Financing cash flow
-$67.46M
-$2.45M
-$9.97M
-$17.26M
-$3.24M
-$147.19M
-$5.95M
-$40.49M
-$197.00K
-$520.00K
$19.76M
-$184.53M
Share buybacks
$0
-$552.01M
—
—
$0
$0
—
—
—
—
—
—
Stock-based compensation
$13.04M
$16.89M
$21.90M
$29.89M
$26.98M
$40.11M
$22.31M
$31.65M
$33.85M
$32.48M
$29.64M
$29.94M
Depreciation & amortization
$1.12M
$1.23M
$941.00K
$2.94M
$4.42M
$5.11M
$5.79M
$7.36M
$8.44M
$9.02M
$8.77M
$14.92M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.