Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data NXT Energy Solutions Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2018
FY2018
FY2019
FY2021
FY2021
Revenue
1.45
0
0
12
0.14
3.13
General and administrative
5.65
4.96
4
3.54
3.34
3.19
Operating expenses
9.7
8.73
7.28
7.98
6.23
6.19
Other non-operating income
-0.47
-0.17
0.31
Pre-tax income
-8.73
-8.89
-6.97
3.79
-6.03
-3.12
Income tax
0.37
0.08
0
0
0
0
Net income
3.79
-6.03
-3.12
EPS, basic
0.06
-0.09
-0.05
EPS, diluted
0.06
-0.09
-0.05
Shares, basic (weighted)
53.5
54.5
65.5
68.2
64.4
64.7
Shares, diluted (weighted)
53.5
54.5
65.5
68.2
64.4
64.7
Balance sheet
FY2016
FY2018
FY2018
FY2019
FY2021
FY2021
Cash and equivalents
0.49
0.17
0.34
2.86
2.69
2.26
Short-term investments
0.95
3.9
0.34
0.55
Receivables
0.06
0.06
0.97
0.84
Other current assets
0.09
0.06
0.04
Total current assets
1.28
4.37
4.07
3.91
Property, plant and equipment
0.78
0.68
0.71
0.62
Lease right-of-use assets
1.99
1.94
Intangible assets
21.3
19.7
16.3
14.9
Total assets
23.9
25.3
23.5
21.6
Accounts payable
1.56
0.5
0.44
0.5
Accrued liabilities
1.56
0.5
Deferred revenue
0.13
0
Short-term debt
0
0.06
Total current liabilities
1.6
0.54
1.26
1.1
Long-term debt
0
0.94
Lease liabilities
1.4
Total liabilities
2.34
1.05
2.68
3.43
Total debt
0
1
Paid-in capital
9.36
9.38
Retained earnings
-75.4
-82.4
-83.9
-87
Other comprehensive income
0.71
0.71
Shareholders' equity
27.8
21.6
26.8
26.8
20.8
18.2
Total equity
27.8
21.6
26.8
26.8
20.8
18.2
Total liabilities and equity
23.9
25.3
23.5
21.6
Cash flow statement
FY2016
FY2018
FY2018
FY2019
FY2021
FY2021
Net income
3.79
-6.03
-3.12
Depreciation and amortization
2.1
1.9
1.79
1.78
1.78
1.78
Stock-based compensation
0.79
0.58
0.39
0.04
0.17
0.29
Deferred income tax
0
0
0
Cash from operations
-7.59
-5.46
-6.04
4.2
-3.41
-1.03
Capital expenditures
-0.09
3.13
-0.01
-0.22
0
0
Cash from investing
0.53
3.12
-2.96
-0.14
3.44
-0.27
Debt issued
0
0
1
Stock issued
0.5
0.04
0.01
0
0.01
0.07
Cash from financing
0.46
2.02
9.18
-1.5
-0.17
0.88
Exchange rate effect
-0.04
-0.02
-0
Net change in cash
-6.6
-0.32
0.17
2.52
-0.17
-0.43
Free cash flow
-7.68
-2.33
-6.05
3.98
-3.41
-1.03
Interest paid
0.02
0
-0.06
Income taxes paid
1.63
0.07
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2021. Valuation uses the share price of $0.19 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
-99.7%
Pre-tax income / revenue.
Net margin
-99.7%
Net income / revenue.
FCF margin
-33.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-33.0%
Cash from operations / revenue.
Return on equity (ROE)
-16.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-13.9%
Net income / average total assets.
Stock-based pay / revenue
9.2%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
56.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
2,195.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 5y
16.7%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-12.7%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-12.1%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-8.2%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-8.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-5.1%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
0.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-0.4%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
3.9%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.56x
Current assets / current liabilities.
Quick ratio
3.32x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
2.56x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.06x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
4.6%
Total debt / total assets.
Liabilities / assets
15.9%
Total liabilities / total assets.
Net debt
-$1.8M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.05
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.05
Revenue / diluted weighted shares.
FCF per share
-$0.02
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.02
Cash from operations / diluted weighted shares.
Book value per share
$0.28
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
4.84x
Market cap / revenue.
P/B
0.84x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
4.61x
Market cap / tangible book value, when positive.
EV/Sales
4.27x
Enterprise value / revenue.
FCF yield
-6.8%
Free cash flow / market cap.
Earnings yield
-20.6%
Net income / market cap (the inverse of P/E).
What was NXT Energy Solutions Inc.'s revenue in fiscal 2021?
NXT Energy Solutions Inc. reported revenue of $3.1M for fiscal 2021, 2,195% higher than the year before.
Was NXT Energy Solutions Inc. profitable in fiscal 2021?
No. It reported a net loss of $3.1M.
How much free cash flow did NXT Energy Solutions Inc. generate in fiscal 2021?
Cash from operations of $1.0M minus capital expenditures of $0.0 left free cash flow of -$1.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.