Nextpower Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Nextpower 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

	FY2021	FY2023	FY2023	FY2024	FY2025	FY2026
Revenue	1,196	1,458	1,902	2,500	2,959	3,559
Cost of revenue	964	1,311	1,615	1,687	1,950	2,399
Gross profit	232	147	287	813	1,009	1,160
Research and development	13	14.2	21.6	42.4	79.4	121
Selling, general and administrative	60.4	66.9	96.9	184	290	342
Operating income	159	65.9	168	587	639	697
Other non-operating income		-0.77	2.43	34.7	22	19.2
Pre-tax income	158	65.1	169	608	648	714
Income tax	33.7	14.2	47.8	112	131	128
Net income to minority interests		0	2.45	190	8.08	0
Net income	0	0	1.14	306	509	586
EBITDA	175	77.1	173	591	653	728
EPS, basic			0.02	3.97	3.55	3.96
EPS, diluted			0.02	3.37	3.47	3.84
Shares, basic (weighted)			45.9	77.1	144	148
Shares, diluted (weighted)			146	147	149	153

Balance sheet

	FY2021	FY2023	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	191	29.1	130	474	766	1,095
Receivables		168	271	383	472	417
Inventory		172	138	202	209	262
Other current assets		52.1	35.1	187	88.5	186
Total current assets		714	872	1,768	2,158	2,847
Property, plant and equipment		7.42	7.26	9.24	60.4	78.4
Lease right-of-use assets		4.36	3.34	17.4	32.8	50.9
Goodwill		265	265	265	371	489
Intangible assets		2.53	1.32	1.55	53.2	78
Other non-current assets		28.1
Total assets		1,017	1,420	2,519	3,193	4,073
Accounts payable		267	211	457	585	533
Accrued liabilities		26.2	59.8	82.4	97	130
Deferred revenue		77.9	176	226	247	307
Short-term debt				3.75	0
Total current liabilities		473	507	891	1,034	1,164
Long-term debt		0	147	144	0
Lease liabilities						41
Other non-current liabilities		42.8	280	30.4	39.4	99.8
Total liabilities		516	935	1,527	1,564	1,739
Total debt		0	147	148	0
Paid-in capital			0	4,028	4,186	4,306
Retained earnings		0	-3,076	-3,067	-2,557	-1,972
Other comprehensive income			0	0.02	-0.3	0.18
Shareholders' equity	456	0	-3,076	992	1,628	2,334
Minority interests			0	31	0
Total equity	0	0	-3,076	992	1,628	2,334
Total liabilities and equity		1,017	1,420	2,519	3,193	4,073
Shares outstanding			98.2

Cash flow statement

	FY2021	FY2023	FY2023	FY2024	FY2025	FY2026
Net income	124	50.9	121	496	517	586
Depreciation and amortization	16.8	11.1	4.63	4.36	13.4	30.6
Stock-based compensation	4.31	3.05	32	56.8	119	120
Deferred income tax	-0.33	-5.34	-5.73	38.6	-12.9	-0.22
Change in receivables	-6.13	-45.5	-160	-114	-47.6	61.9
Change in inventory	-23.3	-87.7	25.1	-61	-2.97	-46.6
Cash from operations	94.3	-147	108	429	656	563
Capital expenditures	-2.46	-5.92	-3.18	-6.16	-33.9	-49.3
Acquisitions			0	0	-145	-117
Cash from investing	-2.96	-5.75	-3.16	-6.66	-186	-187
Debt issued		0	170	0	0
Debt repaid		0	-20	0	-150	0
Stock issued		0	694	552	0	0
Share buybacks		0	-694	0	0	-0.4
Cash from financing	96.3	-8.66	-3.57	-78.3	-178	-47.2
Net change in cash	188	-162	101	344	292	329
Free cash flow	91.8	-153	104	423	622	514
Interest paid			0	10.7	10.3	0
Income taxes paid			0	28.6	126	196

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 3, 2026; growth uses fiscal years. Valuation uses the share price of $80.85 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	33.4%	Gross profit / revenue.
Operating margin	19.3%	Operating income / revenue.
EBITDA margin	20.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	19.9%	Pre-tax income / revenue.
Net margin	16.4%	Net income / revenue.
FCF margin	15.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	16.6%	Cash from operations / revenue.
Effective tax rate	17.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	23.2%	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.
Return on invested capital (ROIC)	43.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	4.0%	Research and development expense / revenue.
SG&A / revenue	10.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	3.5%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.5%	Capital expenditures / revenue.
D&A / revenue	0.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	20.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	23.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	24.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	15.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	59.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	38.0%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	9.1%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	60.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	34.5%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	11.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	61.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	32.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	15.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	700.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	10.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	476.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-14.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	73.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	43.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-17.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	70.0%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	41.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	43.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 5y	38.6%	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	27.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	42.1%	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	2.3%	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	1.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.69x	Current assets / current liabilities.
Quick ratio	1.47x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.08x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	40.0%	Total liabilities / total assets.
Working capital	$1.90B	Current assets - current liabilities.
Goodwill and intangibles / assets	13.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.99B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.85x	Revenue / average total assets.
Fixed asset turnover	40.7x	Revenue / average property, plant and equipment.
Inventory turnover	9.23x	Cost of revenue / average inventory.
Days inventory	40 days	365 x average inventory / cost of revenue.
Receivables turnover	8.16x	Revenue / average receivables.
Days sales outstanding	45 days	365 x average receivables / revenue.
Days payables	81 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	3 days	Days inventory + days sales outstanding - days payables.
FCF conversion	92.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	8.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.83	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.
Revenue per share	$23.40	Revenue / diluted weighted shares.
FCF per share	$3.54	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.88	Cash from operations / diluted weighted shares.
Book value per share	$16.48	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$12.81	Tangible book value / shares outstanding.
Cash per share	$7.82	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$12.27B	Share price x shares outstanding.
Enterprise value	$11.05B	Market cap + total debt - cash - short-term investments.
P/E	20.7x	Market cap / net income. Only when net income is positive.
P/S	3.38x	Market cap / revenue.
P/B	4.80x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	6.17x	Market cap / tangible book value, when positive.
P/FCF	22.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	20.4x	Market cap / cash from operations, when positive.
EV/Sales	3.04x	Enterprise value / revenue.
EV/EBIT	15.7x	Enterprise value / operating income, when both are positive.
EV/EBITDA	15.0x	Enterprise value / EBITDA, when both are positive.
EV/FCF	20.1x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.5%	Free cash flow / market cap.
Earnings yield	4.8%	Net income / market cap (the inverse of P/E).
PEG	0.04x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Nextpower Inc.'s revenue in fiscal 2026?

Nextpower Inc. reported revenue of $3.56B for fiscal 2026, 20.3% higher than the year before.

Was Nextpower Inc. profitable in fiscal 2026?

Yes. Net income was $585.9M, a net margin of 16.5%.

How much free cash flow did Nextpower Inc. generate in fiscal 2026?

Cash from operations of $562.9M minus capital expenditures of $49.3M left free cash flow of $513.6M.

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.

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