Revenue growth has accelerated to 19.8% as of 2026Q1, yet this is undermined by gross margins that have compressed to a razor-thin 0.2%.
| 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 | 125.65M | 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 | -45.41K | 36K | 609.49K | 466.81K | 3.93M | 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 % | -0.04% | 0.04% | 99.58% | 14.64% | 18.47% | 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% | -88.11% | -13.41% | 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 | 6.41M | 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 | 2.38M | 1.94M | 5.75M | 1.28M | 8.07M | 5.27M | 686.69K | 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 | 0 | -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% | - | 100% | 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 | -7.92M | -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 | -7.2K | -5.55K | -34.58K | 0 | -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 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 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% | - | - | - | - | 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 | -0.75 | -3.82 | -1.21 | -3.11 | -2.76 | -2.88 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS Growth % | 89% | 80.37% | -215.7% | 61.09% | -12.68% | 4.17% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS (Basic) | - | -0.75 | -3.82 | -1.21 | -3.11 | -2.76 | -2.88 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 26.16M | 20.42M | 5.91M | 5.91M | 5.91M | 5.91M | 5.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Basic Shares Outstanding | 26.16M | 20.42M | 5.91M | 5.91M | 5.91M | 5.91M | 5.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and solvency constraints
As reported in recent financial filings, NIXXW achieved a massive revenue expansion to $51.1M in 2025Q4, yet this growth appears disconnected from core operational health, as the company's underlying business model remains heavily reliant on low-margin, transactional staffing services that lack long-term recurring revenue characteristics.
The dramatic revenue acceleration observed over the last four quarters suggests a fundamental shift in accounting or a significant acquisition rather than organic platform adoption. Investors should monitor whether this top-line growth can be sustained without further dilutive capital raises, as the current trajectory appears to prioritize scale over economic viability.
Based on the company's reported figures, gross margins have collapsed to near-zero levels, with 2026Q1 data showing a razor-thin 0.2% margin, indicating that the firm's staffing-heavy revenue model functions primarily as a pass-through mechanism with minimal pricing power or value-added service differentiation.
The structural inability to retain a meaningful portion of revenue as gross profit suggests that the company's 'on-demand' recruiter model is currently failing to capture the premium typically associated with proprietary technology platforms. This margin profile implies that any increase in volume directly correlates with increased operational complexity without providing the necessary cushion to cover fixed corporate overhead.
According to the income statement history, NIXXW continues to struggle with negative operating margins, which reached -4.2% in 2026Q1, demonstrating that the company has yet to achieve the necessary scale to offset its fixed SG&A expenses through its current high-volume, low-margin revenue streams.
The lack of operating leverage suggests that the company's cost structure is not yet optimized for its current scale, as SG&A expenses continue to outpace the meager gross profits generated. Without a significant pivot toward higher-margin software subscriptions, the firm appears trapped in a cycle of funding operational losses through external financing.
With cash and equivalents reported at a precarious $182,000, the company faces significant solvency risks, as noted in recent disclosures, which may force management to pursue dilutive equity offerings or emergency financing to sustain its current staffing-heavy operations in the face of ongoing negative cash flows.
Short-sellers would likely focus on the extreme mismatch between the company's $97.9M revenue volume and its negligible cash reserves, which suggests that the timing of accounts receivable collections is a critical failure point. This liquidity constraint warrants further investigation into the company's ability to meet payroll obligations for its placed personnel during periods of market volatility.
Quick answers to the most common questions about buying NIXXW stock.
For fiscal year 2025, Nixxy, Inc. (NIXXW) reported total revenue of $97.9M. This represents a 1479.1% increase compared to $6.2M in 1996.
Nixxy, Inc. (NIXXW) reported a net loss of $15.0M for the fiscal year ending 2025.
Nixxy, Inc. (NIXXW) 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. (NIXXW) 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.