Despite a massive revenue increase to $51.1M in 2025Q4, the company's gross margins collapsed to -0.6%, indicating a lack of pricing power in its core staffing operations.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Feb'12 | Feb'11 | Feb'10 | Feb'09 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 125.6M | 97.91M | 612.05K | 3.19M | 21.25M | 22.18M | 8.5M | 6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.68M | 12.61M | 18.2M | 18.49M | 22.3M | 28.44M | 26.71M | 22.4M | 13.3M | 10.2M | 6.2M |
| Revenue Growth % | 6930.72% | 15896.51% | -80.8% | -85% | -4.2% | 160.9% | 41.76% | - | - | - | - | - | - | - | - | - | - | -100% | -23.2% | -30.75% | -1.53% | -17.12% | -21.58% | 6.49% | 19.23% | 68.42% | 30.39% | 64.52% | - |
| Cost of Goods Sold | 126.36M | 97.87M | 2.56K | 2.72M | 13.68M | 14.91M | 6.14M | 4.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.12K | 0 | 6.46M | 9.52M | 14.59M | 12.75M | 15.13M | 19.23M | 17.93M | 15.1M | 8.6M | 7M | 4.2M |
| COGS % of Revenue | - | 99.96% | 0.42% | 85.35% | 64.35% | 67.21% | 72.19% | 74.16% | - | - | - | - | - | - | - | - | - | - | 66.75% | 75.5% | 80.15% | 68.97% | 67.82% | 67.62% | 67.13% | 67.41% | 64.66% | 68.63% | 67.74% |
| Gross Profit | -755.41K | 36K | 609.49K | 466.81K | 7.58M | 4.53M | 2.37M | 1.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.22M | 3.09M | 3.62M | 5.74M | 7.18M | 9.21M | 8.78M | 7.3M | 4.7M | 3.2M | 2M |
| Gross Margin % | -0.6% | 0.04% | 99.58% | 14.64% | 35.65% | 20.44% | 27.81% | 25.84% | - | - | - | - | - | - | - | - | - | - | 33.25% | 24.5% | 19.86% | 31.03% | 32.18% | 32.38% | 32.87% | 32.59% | 35.34% | 31.37% | 32.26% |
| Gross Profit Growth % | - | -94.09% | 30.56% | -93.84% | 67.09% | 91.71% | 52.58% | - | - | - | - | - | - | - | - | - | - | -100% | 4.21% | -14.55% | -36.98% | -20.08% | -22.07% | 4.92% | 20.25% | 55.32% | 46.88% | 60% | - |
| Operating Expenses | 5.7M | 10.04M | 15.56M | 8.2M | 25.43M | 24.22M | 9.1M | 12.05M | 442.56K | 311.97K | 294.93K | 393.26K | 1.42M | 1.05M | 17.73K | 36.42K | 12.25K | 54.75K | 4.39M | 6.42M | 8.22M | 8.66M | 12.04M | 9.18M | 8.06M | 5.7M | 3.9M | 3.1M | 1.7M |
| OpEx % of Revenue | - | 10.26% | 2542.95% | 257.31% | 119.66% | 109.18% | 107.06% | 200.97% | - | - | - | - | - | - | - | - | - | - | 45.33% | 50.9% | 45.17% | 46.87% | 54% | 32.28% | 30.17% | 25.45% | 29.32% | 30.39% | 27.42% |
| Selling, General & Admin | 3.8M | 7.85M | 9.76M | 6.51M | 16M | 17.8M | 8.12M | 8.26M | 442.56K | 311.97K | 294.93K | 393.26K | 1.42M | 1.05M | 17.73K | 36.42K | 20.37K | 8.25K | 4.39M | 6.42M | 8.22M | 8.66M | 8.26M | 9.18M | 8.06M | 5.2M | 3.5M | 2.8M | 1.6M |
| SG&A % of Revenue | - | 8.02% | 1595.3% | 204.17% | 75.29% | 80.22% | 95.46% | 137.71% | - | - | - | - | - | - | - | - | - | - | 45.33% | 50.9% | 45.17% | 46.87% | 37.01% | 32.28% | 30.17% | 23.21% | 26.32% | 27.45% | 25.81% |
| Research & Development | 229.02K | 246K | 51.45K | 416.9K | 1.36M | 1.15M | 299.51K | 203.4K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46.5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 0.25% | 8.41% | 13.08% | 6.39% | 5.19% | 3.52% | 3.39% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1.67M | 1.94M | 5.75M | 1.28M | 8.07M | 5.27M | 686.49K | 3.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.79M | 0 | 0 | 500K | 400K | 300K | 100K |
| Operating Income | -6.45M | -10.01M | -14.95M | -7.74M | -17.85M | -16.95M | -6.74M | -10.5M | -443K | -312K | -295K | -393K | -1.42M | -1.05M | -17.73K | -36.42K | -20.37K | -54.75K | -1.17M | -3.33M | -4.61M | -2.93M | -4.87M | 28.98K | 720.43K | 1.6M | 800K | 100K | 300K |
| Operating Margin % | -5.14% | -10.22% | -2443.28% | -242.66% | -84.01% | -76.38% | -79.24% | -175.13% | - | - | - | - | - | - | - | - | - | - | -12.08% | -26.39% | -25.31% | -15.84% | -21.82% | 0.1% | 2.7% | 7.14% | 6.02% | 0.98% | 4.84% |
| Operating Income Growth % | - | 33.08% | -93.3% | 56.67% | -5.36% | -151.48% | 35.85% | -2271.11% | -41.99% | -5.76% | 24.94% | 72.32% | -34.72% | -5844.73% | 51.31% | -78.77% | 62.79% | 95.32% | 64.86% | 27.78% | -57.34% | 39.84% | -16896.08% | -95.98% | -54.97% | 100% | 700% | -66.67% | - |
| EBITDA | -3.6M | -7.58M | -13.9M | -6.43M | -14.19M | -14.2M | -6.05M | -10.03M | -387K | -342K | -191K | 1.45M | -95.15K | -1.05M | -17.73K | -36.42K | -15.37K | -51.8K | -227.46K | -2.57M | -3.74M | -1.95M | -3.85M | 1.14M | 1.52M | 2.1M | 1.2M | 400K | 400K |
| EBITDA Margin % | -2.87% | -7.75% | -2270.91% | -201.82% | -66.77% | -64.02% | -71.15% | -167.15% | - | - | - | - | - | - | - | - | - | - | -2.35% | -20.37% | -20.55% | -10.53% | -17.27% | 4.01% | 5.69% | 9.38% | 9.02% | 3.92% | 6.45% |
| EBITDA Growth % | 72.18% | 45.43% | -116.02% | 54.66% | 0.09% | -134.75% | 39.65% | -2490.65% | -13.16% | -79.06% | -113.15% | 1625.96% | 90.97% | -5844.73% | 51.31% | -136.93% | 70.33% | 77.23% | 91.14% | 31.38% | -92.29% | 49.47% | -437.26% | -24.9% | -27.6% | 75% | 200% | 0% | - |
| D&A (Non-Cash Add-back) | 2.85M | 2.42M | 1.05M | 1.3M | 3.66M | 2.74M | 687.85K | 478.19K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5K | 2.94K | 941.54K | 759.54K | 865.44K | 982.17K | 1.02M | 1.11M | 799.97K | 500K | 400K | 300K | 100K |
| EBIT | -9.7M | -12.98M | -21.93M | -5.58M | -16.63M | -13.2M | -15.02M | -9.5M | -387K | -342K | -191K | 1.45M | -95.15K | -1.05M | -17.73K | -36.42K | -20.37K | -54.75K | -1.17M | -3.33M | -4.61M | -2.93M | -4.87M | 28.98K | 720.43K | 1.6M | 800K | 100K | 300K |
| Net Interest Income | -103.17K | -123K | -661K | -2.65M | -965K | -3.14M | -2.02M | -2.34M | -84.39K | -100K | -115K | -349K | -3.85M | -60.14K | -7.2K | -5.55K | -32.52K | -37.92K | -287K | -3.16K | 0 | -75K | 0 | -31.8K | 310.6K | 0 | 309.91K | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.89K | 75.36K | 0 | 0 | 0 | 0 | 310.6K | 0 | 309.91K | 0 | 0 |
| Interest Expense | 103.17K | 123K | 661.1K | 2.65M | 965.32K | 3.14M | 2.02M | 2.34M | 84.39K | 100.43K | 114.63K | 349K | 3.85M | 60.14K | 7.2K | 5.55K | 32.52K | 37.92K | 286.9K | 76K | 0 | 75K | 0 | 31.8K | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -1.57M | -3.09M | -7.64M | 2.02K | 257.75K | 610.34K | -10.3M | -1.34M | -29.28K | -131K | -10.92K | 1.5M | -2.52M | -60.14K | 17.73K | 36.42K | 20.37K | 54.75K | -235K | 205.88K | 275.4K | -232K | -93.06K | -14.96K | 229.04K | 400K | -100K | -100K | 0 |
| Pretax Income | -8.02M | -13.1M | -22.59M | -7.73M | -17.6M | -16.34M | -17.04M | -11.84M | -472K | -443K | -306K | 1.1M | -3.94M | -1.11M | -24.93K | -41.97K | -54.95K | 0 | -1.4M | -3.12M | -4.33M | -3.16M | -4.96M | 14.02K | 949.47K | 2M | 700K | 0 | 300K |
| Pretax Margin % | -6.39% | -13.38% | -3691.55% | -242.6% | -82.8% | -73.63% | -200.36% | -197.47% | - | - | - | - | - | - | - | - | - | - | -14.49% | -24.76% | -23.79% | -17.09% | -22.24% | 0.05% | 3.55% | 8.93% | 5.26% | - | 4.84% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.93K | 41.97K | 54.95K | 92.66K | 0 | 32.84K | 1.94M | -591K | -1.75M | 5.47K | 456.53K | 700K | 300K | -100K | -500K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -100% | -100% | -100% | - | 0% | -1.05% | -44.7% | 18.7% | 35.38% | 39% | 48.08% | 35% | 42.86% | - | -166.67% |
| Net Income | -9.89M | -14.98M | -22.59M | -6.66M | -16.48M | -16.34M | -17.04M | -11.81M | -472K | -443K | -306K | 1.1M | -3.94M | -1.11M | -24.93K | -41.97K | -54.95K | -92.66K | -2.21M | -3.77M | -6.27M | -2.57M | -3.21M | 8.55K | 492.93K | 1.3M | 400K | 100K | 800K |
| Net Margin % | -7.87% | -15.3% | -3691.55% | -208.91% | -77.52% | -73.63% | -200.36% | -196.95% | - | - | - | - | - | - | - | - | - | - | -22.88% | -29.87% | -34.43% | -13.9% | -14.37% | 0.03% | 1.85% | 5.8% | 3.01% | 0.98% | 12.9% |
| Net Income Growth % | 62.51% | 33.69% | -239.25% | 59.58% | -0.86% | 4.12% | -44.22% | -2402.75% | -6.55% | -44.77% | -127.74% | 127.97% | -253.95% | -4368.51% | 40.6% | 23.62% | 40.7% | 95.82% | 41.18% | 39.91% | -143.95% | 19.84% | -37581% | -98.27% | -62.08% | 225% | 300% | -87.5% | - |
| Net Income (Continuing) | -8.02M | -13.1M | -22.59M | -7.73M | -17.6M | -16.34M | -17.04M | -11.84M | -472K | -443K | -306K | 1.1M | -3.94M | -1.11M | -24.93K | -41.97K | -54.95K | -92.66K | -1.4M | -3.15M | -6.27M | -2.57M | -3.21M | 8.55K | 492.93K | 1.3M | 400K | 100K | 800K |
| Discontinued Operations | 0 | -1.88M | 0 | 1.07M | 1.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -812K | -612K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.38 | -0.69 | -3.82 | -5.64 | -18.24 | -16.71 | -131.09 | -313.52 | -1980.00 | -510.00 | -360.00 | 1410.00 | -120.00 | -60.00 | -0.02 | -0.02 | -0.02 | -223.82 | -281400.00 | -522600.00 | -904500.00 | -572850.00 | -733650.00 | 8551.00 | 492934.00 | 999999.00 | 400000.00 | 999999.00 | 800000.00 |
| EPS Growth % | 86.92% | 81.95% | 32.17% | 69.1% | -9.15% | 87.25% | 58.19% | 84.17% | -288.24% | -41.67% | -125.53% | 1275% | -100% | -399900% | 0% | 0% | 99.99% | 99.92% | 46.15% | 42.22% | -57.89% | 21.92% | -8679.7% | -98.27% | -62.08% | 225% | -80.09% | 151.17% | - |
| EPS (Basic) | - | -0.69 | -3.82 | -5.64 | -18.24 | -16.71 | -131.09 | -313.52 | -1980.00 | -510.00 | -360.00 | 1410.00 | -120.00 | -60.00 | -0.02 | -0.02 | -0.02 | -223.82 | -281400.00 | -522600.00 | -904500.00 | -572850.00 | -733650.00 | 8551.00 | 492934.00 | 999999.00 | 400000.00 | 999999.00 | 800000.00 |
| Diluted Shares Outstanding | 26.16M | 21.59M | 5.91M | 1.27M | 1.01M | 977.55K | 129.96K | 38.13K | 18.53K | 851 | 851 | 777 | 29.46K | 18.63K | 20.71K | 20.71K | 20.71K | 414 | 8 | 7 | 7 | 4 | 4 | 1 | 1 | 1 | 1 | 1 | 1 |
| Basic Shares Outstanding | 26.16M | 21.59M | 5.91M | 1.27M | 1.01M | 977.55K | 129.96K | 38.13K | 18.53K | 851 | 851 | 777 | 29.46K | 18.63K | 20.71K | 20.71K | 20.71K | 414 | 8 | 7 | 7 | 4 | 4 | 1 | 1 | 1 | 1 | 1 | 1 |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and solvency crisis
As reported in recent financial filings, Nixxy's revenue surged to $51.1M in 2025Q4, representing a massive 423.3% year-over-year increase, yet this growth appears to be driven by a shift toward a low-margin, pass-through staffing model rather than sustainable organic expansion of high-value service offerings.
The dramatic top-line acceleration suggests a fundamental change in revenue recognition, likely transitioning from a platform-based model to a gross-basis staffing arrangement. Investors should monitor whether this volume-heavy approach can eventually support higher-margin SaaS subscriptions, as current growth appears to be purely transactional and highly sensitive to labor market fluctuations.
Based on the company's reported figures, gross margins have collapsed to near-zero levels, reaching -0.6% in 2025Q4, which indicates that the firm is effectively acting as a labor clearinghouse with almost no pricing power or value-added retention on its staffing placements.
The inability to maintain positive gross margins suggests that the company's crowdsourced recruiter network is not providing the anticipated cost efficiencies. This structural weakness implies that the business model is currently failing to capture any meaningful spread between the cost of labor and the revenue generated from clients.
According to income statement data, operating margins remain deeply negative at -0.7% in 2025Q4, demonstrating that the company has failed to achieve the necessary economies of scale to offset its overhead despite the massive increase in top-line revenue reported over the last several quarters.
The persistent negative operating income suggests that SG&A expenses are scaling in lockstep with revenue, preventing any meaningful path to profitability. Without a significant reduction in fixed costs or a pivot to higher-margin software revenue, the current operating structure appears fundamentally unsustainable for long-term value creation.
As evidenced by historical income statements, the company's net income figures are frequently distorted by significant stock-based compensation, which reached $1.1M in 2025Q4, further complicating the assessment of true operational performance and shareholder value dilution in the face of ongoing net losses.
The reliance on equity-based incentives during periods of negative cash flow warrants further investigation into the company's long-term capital allocation strategy. Investors should be wary of the disconnect between reported EPS and the actual cash-generating capacity of the underlying staffing operations.
Based on the most recent financial disclosures, the company's cash and equivalents have dwindled to a precarious $182,000, a figure that appears insufficient to support the current burn rate and suggests an imminent need for dilutive financing to maintain basic operational functions.
Short-sellers would likely focus on the extreme liquidity risk, as the company lacks the cash cushion to weather even a minor downturn in hiring demand. The combination of negative operating margins and negligible cash reserves suggests that the company may be forced into unfavorable capital raises, further pressuring equity holders.
Quick answers to the most common questions about buying NIXX stock.
For fiscal year 2025, Nixxy, Inc. (NIXX) reported total revenue of $97.9M. This represents a 1479.1% increase compared to $6.2M in 1996.
Nixxy, Inc. (NIXX) reported a net loss of $15.0M for the fiscal year ending 2025.
Nixxy, Inc. (NIXX) reported an operating income of $-10.0M, resulting in an operating profit margin of -10.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Nixxy, Inc. (NIXX) generated $0.0M in gross profit for the year, representing a gross profit margin of 0.0%. This demonstrates the company's core pricing power and production efficiency.