Short answer
Nextpower Inc. (NXT) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 26, 2025. Quarterly revenue was $905M (up 42.4% year over year) with net income of $147M.
Q3 2025 key financials · XBRL
- Revenue
- $905M
- +42.4% YoY · +4.7% QoQ
- Net income
- $147M
- +27.3% YoY · −6.6% QoQ
- Operating margin
- 20.0%
- Gross margin
- 32.4%
- EPS (diluted)
- $0.97
- +24.4% YoY · −6.7% QoQ
Source: XBRL data from the Nextpower Inc. (NXT) Q3 2025 10-Q on SEC EDGAR. USD.
Nextpower Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $905.3M, up 42% YoY from $635.6M, driven by 41% higher GW delivered
- GAAP operating margin 20.0% vs 21.0% YoY; adjusted EBITDA margin 24.7% vs 27.2%
- U.S. revenue $687.0M, up 49%; Rest of World revenue $218.3M, up 26%
- $108.3M cash consideration for Bentek, OnSight, and Origami acquisitions
- $30.1M higher tariffs, partially offset by $93.2M higher 45X tax credits
Risk Factors
- Newly added regulatory risk: OBBBA, July 4, 2025, accelerated solar credit deadlines and introduced FEOC restrictions
- Most material update: Treasury guidance eliminated the 5% construction safe harbor effective September 2, 2025
- Compliance risk: FEOC-disqualified suppliers could increase cost of goods sold and reduce customer eligibility for Sections 48E and 45Y credits
- Near-term market risk: Accelerated credit expiration may reduce U.S. project volume and tracker demand
- Financial risk: Foreign-currency fluctuations could increase operating costs
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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