Nexalin Technology, Inc. (NXL) Revenue History
Annual and quarterly revenue from 2019 to present
NXL Revenue Over Time (2019–2024)
NXL Revenue Growth History
3 of 5 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +17.1%
- FY2021 revenue growth
- -40.7%
- FY2022 revenue growth
- +817.2%
- FY2023 revenue growth
- -91.6%
- FY2024 revenue growth
- +52.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $18K | -49.6% |
| Q2 2025 | $71K | +163.0% |
| Q1 2025 | $41K | -47.9% |
| Q4 2024 | $27K | +32.3% |
| Q3 2024 | $36K | +49.4% |
| Q2 2024 | $27K | -24.5% |
| Q1 2024 | $79K | +157.4% |
| Q4 2023 | $21K | -46.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
NXL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NXL Revenue Analysis (2019–2024)
Current Revenue & Growth
As of June 20, 2026, Nexalin Technology, Inc. (NXL) generated trailing twelve-month (TTM) revenue of $156,931, reflecting significant decline in growth of -49.6% year-over-year. The most recent quarter (Q3 2025) recorded $18,149 in revenue, down 74.3% sequentially.
Historical Growth Trajectory
NXL's 5-year compound annual growth rate (CAGR) stands at -4.0%, indicating revenue contraction over this period. The 3-year CAGR of +5.4% exceeds the 5-year average, indicating an acceleration in the most recent period. Nexalin Technology, Inc.'s highest annual revenue of $1.3 million was recorded in 2022.
Revenue by Segment
NXL's revenue is primarily driven by Licensing Fee (41%), Device Sales (33%), and Equipment (22%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Healthcare sector peers — including ECOR (+31.9% YoY), STIM (+69.5% YoY), and LIVN (+12.4% YoY) — NXL has underperformed the peer group in revenue growth. Compare NXL vs ECOR →
NXL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NXLCurrent | $156,931 | -49.6% | -4.0% | -4596.1% | |
 ECOR | $32M | +31.9% | +55.7% | -41.1% | |
 STIM | $149M | +69.5% | +24.8% | -21.1% | |
 LIVN | $1.4B | +12.4% | +8.2% | 14.4% | |
 NVCR | $655M | +8.5% | +5.8% | -23.5% | |
 INVA | $425M | +13.6% | +4.8% | 38.5% |
NXL Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $169K | +52.3% | $132K | 78.3% | $-7,754,646 | -4596.1% |
| 2023 | $111K | -91.6% | $85K | 76.8% | $-5,696,296 | -5143.5% |
| 2022 | $1.3M | +817.2% | $958K | 72.5% | $-1,833,031 | -138.7% |
| 2021 | $144K | -40.7% | $123K | 85.1% | $-6,018,601 | -4177.7% |
| 2020 | $243K | +17.1% | $214K | 88.0% | $-3,258,407 | -1341.4% |
| 2019 | $207K | - | $-10,827 | -5.2% | $-1,466,160 | -707.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NXL — Frequently Asked Questions
Quick answers to the most common questions about buying NXL stock.
Is NXL's revenue growth accelerating or slowing?
NXL revenue is declining -49.6% year-over-year. TTM revenue fell to $156931.00, contrasting with the 5-year CAGR of -4.0%. The reversal reflects either macro headwinds or company-specific challenges.
What is NXL's revenue history from 2019 to 2026?
Nexalin Technology, Inc. (NXL) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $156931.00, growing at -49.6% YoY. The 5-year CAGR is -4.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NXL's long-term revenue growth rate (CAGR)?
Nexalin Technology, Inc.'s 5-year revenue CAGR of -4.0% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -49.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NXL.
Why does NXL's quarterly revenue fluctuate?
NXL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Nexalin Technology, Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is NXL's revenue distributed by segment?
NXL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NXL's revenue compare to industry peers?
Nexalin Technology, Inc. (NXL) with TTM revenue of $156931.00 and -49.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.