The Filings Report

Nextpower Inc. Class A Common Stock

NXTNasdaqCIK 1852131Technology / Semiconductorsfiscal year ends March20 quarters since 2021

Revenue, Q2 FY2027
$1.1B
+22.5% on Q2 FY2026
Net income
$165M
+12.7% on Q2 FY2026
Free cash flow
$135M
−21.3% on Q2 FY2026
Diluted EPS
$1.08
+11.3% on Q2 FY2026
Revenue, TTM
$3.8B
trailing four quarters
Net margin, TTM
16.0%
net income $613M
Free cash flow, TTM
$512M
$574M less $62M capex
Cash and equivalents
$1.0B
long-term debt —, Oct 2, 2026
Shares, 12-month change
—
151M shares, Oct 2, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
—
no yield
Market value
$13.7B
at the close, buybacks

Latest quarter Q2 FY2027, filed November 2, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2027, the quarter ended October 2, 2026, Nextpower Inc. Class A Common Stock reported revenue of $1.1B, +22.5% on Q2 FY2026, and net income of $165M (+12.7%). Operating margin was 18.7%. Free cash flow, operating cash flow less capital expenditures, was $135M ($158M less $23M). Diluted earnings per share were $1.08.

The last 16 quarters

Q3 FY2023 to Q2 FY2027, through the filing of November 2, 2026.

Revenue and net incomeRevenueNet income
$0$500M$1.0B$1.5BQ3'23, Revenue: $513MQ3'23, Net income: $0Q3'23Q4'23, Revenue: $518MQ4'23, Net income: $1MQ4'23Q1'24, Revenue: $480MQ1'24, Net income: $20MQ1'24Q2'24, Revenue: $573MQ2'24, Net income: $39MQ2'24Q3'24, Revenue: $710MQ3'24, Net income: $41MQ3'24Q4'24, Revenue: $737MQ4'24, Net income: $205MQ4'24Q1'25, Revenue: $720MQ1'25, Net income: $122MQ1'25Q2'25, Revenue: $636MQ2'25, Net income: $115MQ2'25Q3'25, Revenue: $679MQ3'25, Net income: $115MQ3'25Q4'25, Revenue: $924MQ4'25, Net income: $157MQ4'25Q1'26, Revenue: $864MQ1'26, Net income: $157MQ1'26Q2'26, Revenue: $905MQ2'26, Net income: $147MQ2'26Q3'26, Revenue: $909MQ3'26, Net income: $131MQ3'26Q4'26, Revenue: $881MQ4'26, Net income: $151MQ4'26Q1'27, Revenue: $935MQ1'27, Net income: $165MQ1'27Q2'27, Revenue: $1.1BQ2'27, Net income: $165MQ2'27$0$500M$1.0B$1.5BQ3'23, Revenue: $513MQ3'23, Net income: $0Q4'23, Revenue: $518MQ4'23, Net income: $1MQ4'23Q1'24, Revenue: $480MQ1'24, Net income: $20MQ2'24, Revenue: $573MQ2'24, Net income: $39MQ2'24Q3'24, Revenue: $710MQ3'24, Net income: $41MQ4'24, Revenue: $737MQ4'24, Net income: $205MQ4'24Q1'25, Revenue: $720MQ1'25, Net income: $122MQ2'25, Revenue: $636MQ2'25, Net income: $115MQ2'25Q3'25, Revenue: $679MQ3'25, Net income: $115MQ4'25, Revenue: $924MQ4'25, Net income: $157MQ4'25Q1'26, Revenue: $864MQ1'26, Net income: $157MQ2'26, Revenue: $905MQ2'26, Net income: $147MQ2'26Q3'26, Revenue: $909MQ3'26, Net income: $131MQ4'26, Revenue: $881MQ4'26, Net income: $151MQ4'26Q1'27, Revenue: $935MQ1'27, Net income: $165MQ2'27, Revenue: $1.1BQ2'27, Net income: $165MQ2'27

Net income losses drawn in red.

Free cash flow
$0$100M$200M$300MQ3'23, Free cash flow: $19MQ3'23Q4'23, Free cash flow: $35MQ4'23Q1'24, Free cash flow: $225MQ1'24Q2'24, Free cash flow: $26MQ2'24Q3'24, Free cash flow: $62MQ3'24Q4'24, Free cash flow: $109MQ4'24Q1'25, Free cash flow: $118MQ1'25Q2'25, Free cash flow: $142MQ2'25Q3'25, Free cash flow: $135MQ3'25Q4'25, Free cash flow: $227MQ4'25Q1'26, Free cash flow: $70MQ1'26Q2'26, Free cash flow: $171MQ2'26Q3'26, Free cash flow: $119MQ3'26Q4'26, Free cash flow: $154MQ4'26Q1'27, Free cash flow: $105MQ1'27Q2'27, Free cash flow: $135MQ2'27$0$100M$200M$300MQ3'23, Free cash flow: $19MQ4'23, Free cash flow: $35MQ4'23Q1'24, Free cash flow: $225MQ2'24, Free cash flow: $26MQ2'24Q3'24, Free cash flow: $62MQ4'24, Free cash flow: $109MQ4'24Q1'25, Free cash flow: $118MQ2'25, Free cash flow: $142MQ2'25Q3'25, Free cash flow: $135MQ4'25, Free cash flow: $227MQ4'25Q1'26, Free cash flow: $70MQ2'26, Free cash flow: $171MQ2'26Q3'26, Free cash flow: $119MQ4'26, Free cash flow: $154MQ4'26Q1'27, Free cash flow: $105MQ2'27, Free cash flow: $135MQ2'27

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$500M$1.0B$1.5BQ3'23, Cash and equivalents: $100MQ3'23Q4'23, Cash and equivalents: $130MQ4'23, Long-term debt: $147MQ4'23Q1'24, Cash and equivalents: $355MQ1'24, Long-term debt: $147MQ1'24Q2'24, Cash and equivalents: $373MQ2'24, Long-term debt: $146MQ2'24Q3'24, Cash and equivalents: $368MQ3'24, Long-term debt: $145MQ3'24Q4'24, Cash and equivalents: $474MQ4'24, Long-term debt: $144MQ4'24Q1'25, Cash and equivalents: $472MQ1'25, Long-term debt: $142MQ1'25Q2'25, Cash and equivalents: $562MQ2'25, Long-term debt: $141MQ2'25Q3'25, Cash and equivalents: $694MQ3'25, Long-term debt: $139MQ3'25Q4'25, Cash and equivalents: $766MQ4'25, Long-term debt: $0Q4'25Q1'26, Cash and equivalents: $743MQ1'26Q2'26, Cash and equivalents: $845MQ2'26Q3'26, Cash and equivalents: $953MQ3'26Q4'26, Cash and equivalents: $1.1BQ4'26Q1'27, Cash and equivalents: $1.2BQ1'27Q2'27, Cash and equivalents: $1.0BQ2'27$0$500M$1.0B$1.5BQ3'23, Cash and equivalents: $100MQ4'23, Cash and equivalents: $130MQ4'23, Long-term debt: $147MQ4'23Q1'24, Cash and equivalents: $355MQ1'24, Long-term debt: $147MQ2'24, Cash and equivalents: $373MQ2'24, Long-term debt: $146MQ2'24Q3'24, Cash and equivalents: $368MQ3'24, Long-term debt: $145MQ4'24, Cash and equivalents: $474MQ4'24, Long-term debt: $144MQ4'24Q1'25, Cash and equivalents: $472MQ1'25, Long-term debt: $142MQ2'25, Cash and equivalents: $562MQ2'25, Long-term debt: $141MQ2'25Q3'25, Cash and equivalents: $694MQ3'25, Long-term debt: $139MQ4'25, Cash and equivalents: $766MQ4'25, Long-term debt: $0Q4'25Q1'26, Cash and equivalents: $743MQ2'26, Cash and equivalents: $845MQ2'26Q3'26, Cash and equivalents: $953MQ4'26, Cash and equivalents: $1.1BQ4'26Q1'27, Cash and equivalents: $1.2BQ2'27, Cash and equivalents: $1.0BQ2'27

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2027 filed November 2, 2026.

Nextpower Inc. Class A Common Stock income statement, quarterly
Millions of dollarsQ2 FY2027ended Oct 2, 2026filed Nov 2, 2026Q1 FY2027ended Jul 3, 2026filed Aug 3, 2026Q4 FY2026ended Mar 31, 2026filed May 19, 2026Q3 FY2026ended Dec 31, 2025filed Jan 30, 2026Q2 FY2026ended Sep 26, 2025filed Oct 30, 2025Q1 FY2026ended Jun 27, 2025filed Aug 1, 2025Q4 FY2025ended Mar 31, 2025filed May 22, 2025Q3 FY2025ended Dec 31, 2024filed Jan 31, 2025YoYQ2 FY2027vs Q2 FY2026
Revenue1,109935881909905864924679+22.5%
Cost of revenue764599583621612583619438+24.7%
Gross profit345336297288293282306241+17.9%
Research and development4645432927222420+69.5%
Selling, general and administrative921001018385748771+9.0%
Operating income208191154176181186195150+14.4%
Other income (expense)886526614+273.3%
Pretax income215199160180183191199160+17.7%
Income tax503494936344143+38.4%
Net income165165151131147157157115+12.7%
Diluted EPS ($)1.081.07—0.850.971.04—0.79+11.3%
Diluted shares (millions)154155—154152151—149—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2027 filed November 2, 2026.

Nextpower Inc. Class A Common Stock balance sheet, quarterly
Millions of dollarsQ2 FY2027ended Oct 2, 2026filed Nov 2, 2026Q1 FY2027ended Jul 3, 2026filed Aug 3, 2026Q4 FY2026ended Mar 31, 2026filed May 19, 2026Q3 FY2026ended Dec 31, 2025filed Jan 30, 2026Q2 FY2026ended Sep 26, 2025filed Oct 30, 2025Q1 FY2026ended Jun 27, 2025filed Aug 1, 2025Q4 FY2025ended Mar 31, 2025filed May 22, 2025Q3 FY2025ended Dec 31, 2024filed Jan 31, 2025YoYQ2 FY2027vs Q2 FY2026
Cash and equivalents1,0301,2141,095953845743766694+21.8%
Short-term investments—————————
Total current assets3,0593,0282,8472,5602,4392,2332,1581,995+25.4%
Total assets4,6394,2624,0733,8003,6693,3903,1932,984+26.5%
Total current liabilities1,3731,1261,1641,0851,1201,0321,034905+22.7%
Long-term debt——————0139—
Total liabilities1,9941,7051,7391,6491,6831,5831,5641,559+18.4%
Stockholders’ equity2,6462,5572,3342,1511,9861,8071,6281,425+33.2%
Shares outstanding (millions)151151———————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2027 filed November 2, 2026.

Nextpower Inc. Class A Common Stock cash flow statement, quarterly
Millions of dollarsQ2 FY2027ended Oct 2, 2026filed Nov 2, 2026Q1 FY2027ended Jul 3, 2026filed Aug 3, 2026Q4 FY2026ended Mar 31, 2026filed May 19, 2026Q3 FY2026ended Dec 31, 2025filed Jan 30, 2026Q2 FY2026ended Sep 26, 2025filed Oct 30, 2025Q1 FY2026ended Jun 27, 2025filed Aug 1, 2025Q4 FY2025ended Mar 31, 2025filed May 22, 2025Q3 FY2025ended Dec 31, 2024filed Jan 31, 2025YoYQ2 FY2027vs Q2 FY2026
Operating cash flow15812117112318781237144−15.4%
Capital expenditures23161851511109+49.5%
Free cash flow (CFO − capex)13510515411917170227135−21.3%
Depreciation and amortization159987654+102.7%
Share repurchases——————00—
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2026 filed May 19, 2026.

Income statement

Nextpower Inc. Class A Common Stock income statement, annual
Millions of dollarsFY2026ended Mar 31, 2026filed May 19, 2026FY2025ended Mar 31, 2025filed May 22, 2025FY2024ended Mar 31, 2024filed May 28, 2024FY2023ended Mar 31, 2023filed Jun 9, 2023FY2022ended Mar 31, 2022filed Mar 9, 2023FY2021ended Mar 31, 2021filed Mar 9, 2023
Revenue3,5592,9592,5001,9021,4581,196
Cost of revenue2,3991,9501,6871,6151,311964
Gross profit1,1601,009813287147232
Research and development1217942221413
Selling, general and administrative342290184976760
Operating income69763958716866159
Other income (expense)1922352(1)—
Pretax income71464860816965158
Income tax128131112481434
Net income586509306100
Diluted EPS ($)3.843.473.370.02——
Diluted shares (millions)153149147146——

Balance sheet

Nextpower Inc. Class A Common Stock balance sheet, annual
Millions of dollarsFY2026ended Mar 31, 2026filed May 19, 2026FY2025ended Mar 31, 2025filed May 22, 2025FY2024ended Mar 31, 2024filed May 28, 2024FY2023ended Mar 31, 2023filed Jun 9, 2023FY2022ended Mar 31, 2022filed Mar 9, 2023FY2021ended Mar 31, 2021filed Mar 9, 2023
Cash and equivalents1,09576647413029—
Short-term investments——————
Total current assets2,8472,1581,768872714—
Total assets4,0733,1932,5191,4201,017—
Total current liabilities1,1641,034891507473—
Long-term debt—01441470—
Total liabilities1,7391,5641,527935516—
Stockholders’ equity2,3341,628992(3,076)0456
Shares outstanding (millions)———62——

Cash flow statement

Nextpower Inc. Class A Common Stock cash flow statement, annual
Millions of dollarsFY2026ended Mar 31, 2026filed May 19, 2026FY2025ended Mar 31, 2025filed May 22, 2025FY2024ended Mar 31, 2024filed May 28, 2024FY2023ended Mar 31, 2023filed Jun 9, 2023FY2022ended Mar 31, 2022filed Mar 9, 2023FY2021ended Mar 31, 2021filed Mar 9, 2023
Operating cash flow563656429108(147)94
Capital expenditures49346362
Free cash flow (CFO − capex)514622423104(153)92
Depreciation and amortization3113451117
Share repurchases0006940—
Dividends paid——————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 3, 2024 to November 3, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$10M
9 sales by 5 insiders; officers and directors $10M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$53M
38 sales by 9 insiders; officers and directors $53M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Nov 1, 2026Slusser Sarah ADirectoraward2,547$0.00—2,547Nov 2, 2026
Sep 1, 2026Boynton Charles DChief Financial Officeropen-market sale10b5-14,500$79.98$360K354,000Sep 2, 2026
Aug 24, 2026Blunden JuliaDirectoropen-market sale3,692$84.10$311K2,742Aug 24, 2026
Aug 21, 2026Blunden JuliaDirectoropen-market sale3,723$88.08$328K6,434Aug 24, 2026
Aug 19, 2026Thomas Brandi ElizabethDirectoropen-market sale7,415$91.25$677K7,914Aug 20, 2026
Aug 19, 2026Karuturi MonicaDirectoraward2,742$0.00—6,853Aug 20, 2026
Aug 19, 2026Watkins William DDirectoraward3,455$0.00—15,232Aug 19, 2026
Aug 19, 2026Thomas Brandi ElizabethDirectoraward2,742$0.00—15,329Aug 19, 2026
Aug 19, 2026Shih Willy CDirectoraward2,742$0.00—52,698Aug 19, 2026
Aug 19, 2026Menezes MarkDirectoraward2,742$0.00—6,853Aug 19, 2026
Aug 19, 2026Guldner Jeffrey B.Directoraward2,742$0.00—10,603Aug 19, 2026
Aug 19, 2026Blunden JuliaDirectoraward2,742$0.00—10,157Aug 19, 2026
Aug 11, 2026Wenger HowardPresident, Directoropen-market sale10b5-111,176$104.78$1M419,868Aug 12, 2026
Aug 10, 2026Shugar Daniel SChief Executive Officer, Directoropen-market sale10b5-114,697$102.39$2M924,070Aug 11, 2026
Aug 10, 2026Shugar Daniel SChief Executive Officer, Directoropen-market sale10b5-151,779$103.24$5M872,291Aug 11, 2026
Aug 10, 2026Shugar Daniel SChief Executive Officer, Directoropen-market sale10b5-11,160$103.91$121K871,131Aug 11, 2026
Aug 5, 2026Blunden JuliaDirectoropen-market sale2,289$97.22$223K7,415Aug 6, 2026
Jul 20, 2026Wiedmann Lindsey RoonChief Legal & Compliance Off.award13,898$0.00—13,898Jul 20, 2026
Jun 22, 2026Ledesma BruceChief Legal & Compliance Ofcother10,436$128.38$1M249,439Jun 23, 2026
Jun 22, 2026Shugar Daniel SChief Executive Officer, Directorother30,077$128.38$4M938,767Jun 23, 2026
Jun 22, 2026Bennett David PChief Accounting Officerother13,368$128.38$2M161,201Jun 23, 2026
Jun 22, 2026Wenger HowardPresident, Directorother16,041$128.38$2M431,044Jun 23, 2026
Jun 18, 2026Ledesma BruceChief Legal & Compliance Ofcoption exercise20,326——259,875Jun 23, 2026
Jun 18, 2026Shugar Daniel SChief Executive Officer, Directoroption exercise57,165——968,844Jun 23, 2026
Jun 18, 2026Bennett David PChief Accounting Officeroption exercise25,407——174,569Jun 23, 2026

Full insider history for Nextpower Inc. Class A Common Stock, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held NXT in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded NXT by quarter.

FundManagerQuarterValueSharesWeightMove
FundsmithTerry SmithQ2 2026$340M3M2.49%new

Sources

Fiscal year ends in month 3; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
Nextpower Inc., CIK 1852131 on EDGAR
Extract generated
November 4, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: CostOfRevenue
Gross profit: GrossProfit
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: not filed

The data

The statements on this page as files, generated November 4, 2026.

JSON file
/data/financials/NXT.json