The company's gross margin has fluctuated significantly, reaching a low of 9.7% in 2025Q4, which indicates a lack of pricing power and high reliance on third-party infrastructure costs.
| Sales/Revenue | 12.08M | 11.61M | 1.8M | 2.5M | 0 | 14.38M | 6.27M | 0 |
| Revenue Growth % | 571.11% | 545.27% | -28% | - | -100% | 129.31% | - | - |
| Cost of Goods Sold | 10.25M | 9.86M | 730K | 1.07M | 0 | 2.68M | 615.6K | 0 |
| COGS % of Revenue | - | 84.88% | 40.56% | 42.83% | - | 18.65% | 9.82% | - |
| Gross Profit | 1.83M | 1.76M | 1.07M | 1.43M | 0 | 11.7M | 5.66M | 0 |
| Gross Margin % | 15.19% | 15.12% | 59.44% | 57.17% | - | 81.35% | 90.18% | - |
| Gross Profit Growth % | - | 64.17% | -25.13% | - | -100% | 106.85% | - | - |
| Operating Expenses | 88.22M | 81.96M | 1.09M | 2.67M | 6.79M | 5.71M | 1.9M | 417.41K |
| OpEx % of Revenue | - | 705.61% | 60.38% | 106.65% | - | 39.67% | 30.32% | - |
| Selling, General & Admin | 71.61M | 67.47M | 1.09M | 2.67M | 6.79M | 5.71M | 1.9M | 417.41K |
| SG&A % of Revenue | - | 580.92% | 60.38% | 106.65% | - | 39.67% | 30.32% | - |
| Research & Development | 2.12M | 14.48M | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 124.69% | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -86.38M | -80.2M | -16.8K | -1.24M | -6.79M | 5.99M | 3.75M | -417.41K |
| Operating Margin % | -715.1% | -690.49% | -0.93% | -49.48% | - | 41.68% | 59.87% | - |
| Operating Income Growth % | - | -477159.56% | 98.64% | 81.79% | -213.34% | 59.65% | 999.51% | - |
| EBITDA | -86.38M | -80.2M | -16.8K | -1.24M | -6.79M | 6.03M | 3.77M | 139.13K |
| EBITDA Margin % | -715.1% | -690.49% | -0.93% | -49.48% | - | 41.93% | 60.05% | - |
| EBITDA Growth % | -63177.53% | -477159.56% | 98.64% | 81.79% | -212.66% | 60.11% | 2607% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 35.87K | 11.7K | 556.54K |
| EBIT | -86.38M | -80.2M | -16.8K | -1.24M | -6.79M | 5.99M | 3.75M | -556.54K |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -92.07M | 279.75M | 29.79M | 4.39M | 0 | 303.67K | 82.96K | 3 |
| Pretax Income | -178.46M | 199.55M | 29.78M | 3.15M | -6.79M | 6.3M | 3.84M | -417.41K |
| Pretax Margin % | -1477.31% | 1718.06% | 1654.32% | 126.04% | - | 43.79% | 61.19% | - |
| Income Tax | -22.33M | 56.38M | 8.23M | 130.41K | 0 | 1.12M | 1.16M | 0 |
| Effective Tax Rate % | 12.51% | 28.26% | 27.65% | 4.14% | 0% | 17.82% | 30.29% | 0% |
| Net Income | -156.13M | 143.16M | 21.55M | -9.93M | -9.16M | 5.18M | 2.68M | -417.41K |
| Net Margin % | -1292.44% | 1232.61% | 1197.2% | -397.02% | - | 35.99% | 42.65% | - |
| Net Income Growth % | -179.88% | 564.35% | 317.11% | -8.36% | -276.97% | 93.48% | 740.87% | - |
| Net Income (Continuing) | -156.13M | 143.16M | 21.54M | 3.02M | -6.79M | 5.18M | 2.68M | -417.41K |
| Discontinued Operations | 0 | 0 | 6.3K | -12.95M | -2.37M | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -17489.33 | 6177.03 | 746.00 | -756.16 | -1517.97 | 626.00 | 326.00 | -51.44 |
| EPS Growth % | -315.13% | 728.02% | 198.66% | 50.19% | -342.49% | 92.02% | 733.75% | - |
| EPS (Basic) | - | 61.77 | 746.00 | -1287.68 | -1517.97 | 626.00 | 326.00 | -51.44 |
| Diluted Shares Outstanding | 8.93K | 23.18K | 28.88K | 13.13K | 6.03K | 8.26K | 8.22K | 8.11K |
| Basic Shares Outstanding | 8.93M | 2.32M | 28.88K | 7.71K | 6.03K | 8.26K | 8.22K | 8.11K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Regulatory and Operational Viability
According to recent financial filings, NXTT's revenue trajectory remains highly erratic, characterized by intermittent reporting periods and a lack of consistent sequential growth, which complicates the assessment of its underlying demand for AI-integrated services despite the company's recent rebranding efforts and pivot toward ChatGPT-related technical service offerings.
The intermittent revenue reporting suggests that the company's business model may be project-based rather than a recurring SaaS model, which limits visibility into long-term growth durability. Investors should monitor whether the recent revenue spikes are sustainable or merely reflective of one-time service contracts that fail to build a recurring revenue base.
Based on reported figures, NXTT's gross margin has fluctuated significantly, reaching a low of 9.7% in 2025Q4, which indicates that the company's cost of revenue is disproportionately high relative to its service offerings, suggesting a lack of pricing power and high reliance on third-party infrastructure costs.
The inability to maintain consistent gross margins is a significant concern for a firm positioning itself as a technology provider. This margin profile implies that the company may be acting as a low-margin reseller or service provider rather than a scalable software platform, which warrants further investigation into the nature of its COGS.
As reported in financial statements, there is a stark divergence between the company's operating losses and its net income, exemplified by a 1232.61% net margin in 2025Q2 that appears entirely disconnected from the underlying core business performance and likely stems from non-recurring, non-operating accounting adjustments.
The presence of massive net income figures alongside deep operating losses suggests that the reported bottom line is not representative of operational health. Analysts should focus exclusively on operating income to understand the true cash-burn profile of the business, as the net income appears to be distorted by non-operating items.
Based on the provided data, NXTT's operating expenses, particularly SG&A and stock-based compensation, have surged to levels that far exceed gross profit, resulting in an operating margin of -690.49% and indicating that the current cost structure is fundamentally misaligned with the company's ability to generate revenue.
The aggressive use of stock-based compensation, reaching $44.4 million in 2025Q3, suggests that the company is heavily diluting shareholders to fund its operations. This expense discipline appears weak, as the company continues to burn capital at an alarming rate without achieving a clear path to operational break-even.
As indicated by the company's reliance on 'AI fission' tools, NXTT faces significant counter-analysis risks regarding the sustainability of its business model, as platform policy changes and Chinese regulatory scrutiny over generative AI could abruptly terminate the primary distribution channels for its core service offerings.
The market's valuation of NXTT as an AI growth play may be ignoring the existential risk posed by its dependence on third-party social platforms. If these platforms restrict the use of automated fission tools, the company's revenue model could face immediate and permanent impairment, regardless of its current growth narrative.
Quick answers to the most common questions about buying NXTT stock.
For fiscal year 2025, Next Technology Holding Inc. (NXTT) reported total revenue of $11.6M.
Next Technology Holding Inc. (NXTT) is profitable, generating $143.2M in net income for the fiscal year ending 2025 with a net profit margin of 1232.6%.
Next Technology Holding Inc. (NXTT) reported an operating income of $-80.2M, resulting in an operating profit margin of -690.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Next Technology Holding Inc. (NXTT) generated $1.8M in gross profit for the year, representing a gross profit margin of 15.1%. This demonstrates the company's core pricing power and production efficiency.