Next Technology Holding Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $11.6M | $1.8M | $2.6M | $11.7M | $14.4M |
| Cost of revenue | $9.9M | $730,000 | $1.1M | $9.7M | $2.7M |
| Gross profit | $1.8M | $1.1M | $1.4M | $2.0M | $11.7M |
| Research and development | $14.5M | — | — | — | — |
| Operating expenses | $82.0M | $1.1M | $2.7M | — | — |
| Operating income | -$80.2M | -$16,804 | -$1.2M | -$6.8M | $6.0M |
| Pretax income | $199.5M | $29.8M | $3.2M | -$6.8M | $6.3M |
| Income tax expense | $56.4M | $8.2M | $130,415 | -$82,654 | $1.1M |
| Net income | $143.2M | $21.5M | -$9.9M | -$9.2M | $5.2M |
| Balance Sheet | |||||
| Cash and equivalents | $5.6M | $668,387 | $668,387 | $22,926 | $616,593 |
| Current assets | $524.1M | $92.9M | $48.9M | $46.5M | $16.4M |
| Total assets | $524.1M | $92.9M | $48.9M | $46.5M | $19.5M |
| Current liabilities | $3.9M | $3.1M | $4.2M | $4.8M | $3.0M |
| Total liabilities | $68.6M | $11.3M | $4.2M | $4.8M | $4.9M |
| Stockholders' equity | $455.6M | $81.6M | $44.7M | $41.7M | $14.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$3.1M | — | $20.2M | -$37.8M | -$3.8M |
| Depreciation and amortization | — | — | — | $263,260 | $23,353 |
| Stock-based compensation | $76.8M | — | — | — | — |
| Capital expenditure | — | — | — | $693,560 | $417,112 |
| Free cash flow | — | — | — | -$38.5M | -$4.2M |
| Impairments | — | $13.4M | — | — | — |
Shares outstanding 76.3M · Free float 100.0%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.