Total assets surged to $551.2 million by 2026Q1, yet the absence of PPE and goodwill suggests the company's wealth may be held in speculative, non-operational asset classes.
| Total Current Assets | 551.22M | 524.13M | 92.92M | 49.06M | 46.52M | 16.44M | 10.42M | 6.59M |
| Cash & Short-Term Investments | 159.72M | 5.62M | 668.39K | 668.39K | 22.93K | 616.59K | 4.64M | 6.59M |
| Cash Only | 159.72M | 5.62M | 668.39K | 668.39K | 22.93K | 616.59K | 4.64M | 6.59M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 370K | 354.77K | 1.8M | 1.13M | 5.81M | 13.06M | 2.61M | 0 |
| Days Sales Outstanding | 10.08 | 11.15 | 365 | 165.44 | - | 331.44 | 151.87 | - |
| Inventory | 0 | 0 | 0 | 0 | 50.84K | 19.3K | 3.32K | 0 |
| Days Inventory Outstanding | - | - | - | - | - | 2.63 | 1.97 | - |
| Other Current Assets | 389.64M | 516.15M | 78.32M | 35.14M | 40.59M | -38.6K | 3.1M | 0 |
| Total Non-Current Assets | 0 | 0 | 0 | 69.33K | 0 | 3.03M | 3.13M | 0 |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 1.82M | 3M | 3.08M | 0 |
| Fixed Asset Turnover | - | - | - | - | - | 4.80x | 2.04x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 23.19K | 37.77K | 49.03K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 69.33K | 240.2K | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | -2.08M | 0 | 0 | 0 |
| Total Assets | 551.22M | 524.13M | 92.92M | 48.93M | 46.52M | 19.47M | 13.54M | 6.59M |
| Asset Turnover | 0.02x | 0.02x | 0.02x | 0.05x | - | 0.74x | 0.46x | - |
| Asset Growth % | 1944.83% | 464.09% | 89.89% | 5.18% | 138.94% | 43.77% | 105.47% | - |
| Total Current Liabilities | 3.05M | 3.94M | 3.05M | 4.22M | 4.82M | 3M | 2.18M | 1.79M |
| Accounts Payable | 1.54M | 751.32K | 730K | 926.46K | 0 | 62.15K | 8.18K | 0 |
| Days Payables Outstanding | 20.44 | 27.82 | 365 | 315.78 | - | 8.46 | 4.85 | - |
| Short-Term Debt | 575.64K | 2.04M | 760.35K | 0 | 0 | 0 | 140K | 1.5M |
| Deferred Revenue (Current) | 3.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 764.49K | 0 | 0 | 761.69K | 3.25M | 0 | 1.2M | 254.51K |
| Current Ratio | 180.91x | 133.17x | 30.43x | 11.62x | 9.66x | 5.48x | 4.78x | 3.69x |
| Quick Ratio | 180.91x | 133.17x | 30.43x | 11.62x | 9.65x | 5.47x | 4.78x | 3.69x |
| Cash Conversion Cycle | -10.36 | - | - | - | - | 325.61 | 148.99 | - |
| Total Non-Current Liabilities | 37.32M | 64.62M | 8.23M | 0 | 0 | 1.94M | 2.47M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 1.94M | 2.47M | 0 |
| Deferred Tax Liabilities | 291.59M | 64.62M | 8.23M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 40.37M | 68.55M | 11.29M | 4.22M | 4.82M | 4.94M | 4.65M | 1.79M |
| Total Debt | 575.64K | 2.04M | 760.35K | 0 | 0 | 2.54M | 3.18M | 1.5M |
| Net Debt | -159.14M | -3.59M | 91.97K | -668.39K | -22.93K | 1.92M | -1.46M | -5.09M |
| Debt / Equity | 0.00x | 0.00x | 0.01x | - | - | 0.17x | 0.36x | 0.31x |
| Debt / EBITDA | -0.01x | - | - | - | - | 0.42x | 0.84x | 10.78x |
| Net Debt / EBITDA | 1.84x | - | - | - | - | 0.32x | -0.39x | -36.59x |
| Interest Coverage | - | - | - | - | - | - | - | - |
| Total Equity | 510.85M | 455.58M | 81.63M | 44.71M | 41.72M | 14.53M | 8.89M | 4.8M |
| Equity Growth % | 1804.02% | 458.12% | 82.58% | 7.16% | 187.14% | 63.36% | 85.11% | - |
| Book Value per Share | 57225.44 | 19656.53 | 2826.65 | 3406.09 | 6914.07 | 1760.06 | 1081.85 | 592.14 |
| Total Shareholders' Equity | 510.85M | 455.58M | 81.63M | 44.71M | 41.71M | 14.53M | 8.89M | 4.8M |
| Common Stock | 0 | 0 | 71.72M | 56.35M | 0 | 0 | 0 | 0 |
| Retained Earnings | 46.48M | 152.33M | 9.91M | -11.63M | -1.71M | 7.43M | 2.26M | -417.41K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | -8 | -310.58K | 898.5K | 578.74K | 5M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regulatory and Operational Viability
According to recent financial filings, NXTT's total assets surged from $48.9 million in 2023Q4 to $551.2 million by 2026Q1, yet this rapid expansion appears disconnected from core operational performance, raising questions about the underlying quality and liquidity of the assets currently sitting on the company's balance sheet.
The dramatic increase in total assets over the last ten quarters suggests significant capital inflows or accounting revaluations rather than organic growth driven by business operations. Investors should monitor whether these assets are truly productive or if they represent non-cash items that provide little support for the company's ongoing operating losses.
As reported in financial statements, NXTT's cash reserves spiked to $159.7 million in 2026Q1 from a stagnant $668.4 thousand in previous periods, providing a temporary liquidity buffer that appears to be the result of external financing rather than cash generated from the company's core software service activities.
While the current ratio of 180.91 suggests an extremely high level of short-term liquidity, this metric is likely distorted by the sudden influx of cash and the absence of significant current liabilities. This liquidity position may provide a necessary runway for the company's pivot, but it does not mitigate the fundamental risk of a business model that has yet to demonstrate sustainable cash generation.
Based on reported figures, NXTT's equity base has expanded to $510.9 million as of 2026Q1, yet the composition of this equity remains opaque, with retained earnings showing extreme volatility that suggests the company's book value is highly sensitive to non-recurring accounting adjustments rather than consistent, profitable business growth.
The rapid fluctuation in retained earnings, swinging from negative values to over $300 million, indicates that the equity base is being heavily influenced by accounting maneuvers. Analysts should be cautious in viewing this equity as a sign of long-term value creation, as it appears to be a byproduct of the company's frequent strategic pivots and rebranding efforts.
Based on an analysis of the balance sheet, the complete absence of PPE and goodwill, combined with the massive, sudden jump in total assets, warrants further investigation into whether the company's reported wealth is held in highly liquid, verifiable instruments or more speculative, non-operational asset classes.
The lack of tangible assets like PPE suggests an asset-light model, but the sudden asset inflation without a corresponding increase in operational scale is a red flag for earnings quality. Investors should consider that the headline balance sheet strength may be misleading if the underlying assets are not readily convertible to cash to support the company's high burn rate.
Quick answers to the most common questions about buying NXTT stock.
As of 2025, Next Technology Holding Inc. (NXTT) had total assets of $524.1M including $524.1M in current assets.
Next Technology Holding Inc. (NXTT) carries total debt of $2.0M, offset by $5.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Next Technology Holding Inc. (NXTT) has total shareholders' equity (book value) of $455.6M ($19656.53 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Next Technology Holding Inc. (NXTT) reported a current ratio of 133.17x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.