NXT
Nextracker Inc. Class A Common Stock
NASDAQ: NXT · TECHNOLOGY · SOLAR
$114.27
-1.95% today
Updated 2026-04-29
Market cap
$17.18B
P/E ratio
29.15
P/S ratio
4.77x
EPS (TTM)
$3.92
Dividend yield
—
52W range
$41 – $132
Volume
1.9M
Nextracker Inc. Class A Common Stock (NXT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $660.74M | $1.17B | $1.20B | $1.46B | $1.90B | $2.50B | $2.96B |
| Revenue growth (YoY) | — | +77.3% | +2.1% | +21.9% | +30.5% | +31.4% | +18.4% |
| Cost of revenue | $604.21M | $958.38M | $963.64M | $1.31B | $1.62B | $1.81B | $1.95B |
| Gross profit | $56.53M | $212.91M | $231.98M | $147.03M | $286.97M | $691.64M | $1.01B |
| Gross margin | 8.6% | 18.2% | 19.4% | 10.1% | 15.1% | 27.7% | 34.1% |
| R&D | $8.56M | $8.64M | $13.01M | $14.18M | $21.62M | $42.36M | $79.39M |
| SG&A | $3.80M | $55.36M | $60.44M | $66.95M | $96.87M | $183.57M | $290.32M |
| Operating income | $1.17M | $148.91M | $158.53M | $65.91M | $168.49M | $587.12M | $639.11M |
| Operating margin | 0.2% | 12.7% | 13.3% | 4.5% | 8.9% | 23.5% | 21.6% |
| EBITDA | $19.73M | $166.85M | $175.34M | $90.00M | $174.55M | $591.48M | $652.52M |
| EBITDA margin | 3.0% | 14.2% | 14.7% | 6.2% | 9.2% | 23.7% | 22.1% |
| EBIT | $1.23M | $149.15M | $158.53M | $78.80M | $169.93M | $587.12M | $639.11M |
| Interest expense | — | $502000.00 | $502000.00 | $34000.00 | $1.83M | $13.82M | $13.10M |
| Income tax | $2.35M | $30.67M | $33.68M | $14.20M | $47.75M | $111.78M | $130.77M |
| Effective tax rate | 309.2% | 20.6% | 21.3% | 21.8% | 28.7% | 26.7% | 20.4% |
| Net income | $-1.59M | $118.26M | $124.35M | $50.91M | $118.89M | $306.24M | $509.17M |
| Net income growth (YoY) | — | +7537.5% | +5.2% | -59.1% | +133.5% | +157.6% | +66.3% |
| Profit margin | -0.2% | 10.1% | 10.4% | 3.5% | 6.3% | 12.3% | 17.2% |