Neuberger Berman Next Generation Connectivity Fund Inc
NYSE: NBXG · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-05
Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $-629.74M | $117.08M | $301.51M | $325.84M |
| Revenue growth (YoY) | — | +118.6% | +157.5% | +8.1% |
| Cost of revenue | $8141.00 | $7974.00 | — | — |
| Gross profit | $-629.74M | $117.08M | $301.51M | $325.84M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% |
| R&D | — | — | — | — |
| SG&A | $3.52M | $3.14M | $4.06M | $4.28M |
| Operating income | $-633.51M | $113.74M | $296.78M | $321.28M |
| Operating margin | 100.6% | 97.1% | 98.4% | 98.6% |
| EBITDA | $-633.51M | $113.74M | $296.78M | $321.28M |
| EBITDA margin | 100.6% | 97.1% | 98.4% | 98.6% |
| EBIT | $-633.51M | $113.74M | — | — |
| Interest expense | $8141.00 | $7974.00 | — | — |
| Income tax | $-228485.00 | $-167895.00 | — | — |
| Effective tax rate | 0.0% | -0.1% | 0.0% | 0.0% |
| Net income | $-633.51M | $113.74M | $296.78M | $321.28M |
| Net income growth (YoY) | — | +118.0% | +160.9% | +8.3% |
| Profit margin | 100.6% | 97.1% | 98.4% | 98.6% |
Frequently asked questions
How profitable is NBXG?
In its most recent fiscal year, NBXG ran a gross margin of 100.00%, an operating margin of 98.60%, and a net margin of 98.60%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does NBXG generate?
NBXG produced $99.28M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is NBXG's balance sheet healthy?
NBXG holds $3.98M in cash and equivalents against — in long-term debt, on $1.37B of shareholder equity. That debt is best read against the cash flow the business throws off each year.