NXT: Nextracker Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Nextracker Inc (NXT).

OverviewDividends

$6.14B Market Cap.

As of 08/02/2025 5:00 PM ET (MRY) • Disclaimer

NXT Market Cap. (MRY)


NXT Shares Outstanding (MRY)


NXT Assets (MRY)


Total Assets

$3.19B

Total Liabilities

$1.56B

Total Investments

$0

NXT Income (MRY)


Revenue

$2.96B

Net Income

$517.25M

Operating Expense

$369.71M

NXT Cash Flow (MRY)


CF Operations

$655.79M

CF Investing

-$186.10M

CF Financing

-$177.65M

NXT Balance Sheet (MRY)


Metric

2025

2024

2023

2022

Total Assets

$3,192,516,000 (26.75%)

$2,518,782,000 (77.42%)

$1,419,680,000 (39.56%)

$1,017,289,000 (15.47%)

Assets Current

$2,157,986,000 (22.04%)

$1,768,235,000 (102.72%)

$872,265,000 (22.16%)

$714,062,000 (22.43%)

Assets Non-Current

$1,034,530,000 (37.84%)

$750,547,000 (37.11%)

$547,415,000 (80.53%)

$303,227,000 (1.85%)

Goodwill & Intangible Assets

$424,259,000 (59.08%)

$266,699,000 (0.08%)

$266,474,000 (-0.45%)

$267,681,000 (-3.07%)

Shareholders Equity

$1,628,130,000 (69.42%)

$961,013,000 (131.24%)

-$3,075,767,000 (0%)

$0 (0%)

Property Plant & Equipment Net

$60,395,000 (553.91%)

$9,236,000 (27.31%)

$7,255,000 (-2.26%)

$7,423,000 (47.52%)

Cash & Equivalents

$766,103,000 (61.61%)

$474,054,000 (264.63%)

$130,008,000 (347.22%)

$29,070,000 (-84.75%)

Accumulated Other Comprehensive Income

-$298,000 (-1852.94%)

$17,000 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$343,762,000 (16.58%)

$294,870,000 (67.09%)

$176,473,000 (126.64%)

$77,866,000 (0.63%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Inventory

$209,432,000 (3.81%)

$201,736,000 (46.13%)

$138,057,000 (-19.83%)

$172,208,000 (103.86%)

Trade & Non-Trade Receivables

$472,462,000 (23.46%)

$382,687,000 (41.13%)

$271,159,000 (61.11%)

$168,303,000 (38.62%)

Trade & Non-Trade Payables

$585,299,000 (28.18%)

$456,639,000 (104.23%)

$223,594,000 (-26.91%)

$305,910,000 (17.54%)

Accumulated Retained Earnings (Deficit)

-$2,557,410,000 (16.60%)

-$3,066,578,000 (0.30%)

-$3,075,782,000 (0%)

$0

Tax Assets

$498,778,000 (13.81%)

$438,272,000 (60.14%)

$273,686,000 (873.17%)

$28,123,000 (0%)

Tax Liabilities

$394,879,000 (0.85%)

$391,568,000 (0%)

$0 (0%)

$0 (0%)

Total Debt

$0 (0%)

$147,717,000 (0.39%)

$147,147,000 (0%)

$0 (0%)

Debt Current

$0 (0%)

$3,750,000 (0%)

$0 (0%)

$0 (0%)

Debt Non-Current

$0 (0%)

$143,967,000 (-2.16%)

$147,147,000 (0%)

$0 (0%)

Total Liabilities

$1,564,386,000 (2.46%)

$1,526,754,000 (63.32%)

$934,819,000 (81.11%)

$516,156,000 (21.47%)

Liabilities Current

$1,033,512,000 (15.93%)

$891,486,000 (75.69%)

$507,426,000 (7.19%)

$473,371,000 (20.96%)

Liabilities Non-Current

$530,874,000 (-16.43%)

$635,268,000 (48.64%)

$427,393,000 (898.93%)

$42,785,000 (27.45%)

NXT Income Statement (MRY)


Metric

2025

2024

2023

2022

Revenues

$2,959,197,000 (18.38%)

$2,499,841,000 (31.42%)

$1,902,137,000 (30.50%)

$1,457,592,000 (21.91%)

Cost of Revenue

$1,950,372,000 (15.63%)

$1,686,792,000 (4.43%)

$1,615,164,000 (23.24%)

$1,310,561,000 (36.00%)

Selling General & Administrative Expense

$290,321,000 (58.15%)

$183,571,000 (89.50%)

$96,869,000 (44.69%)

$66,948,000 (10.76%)

Research & Development Expense

$79,392,000 (87.42%)

$42,360,000 (95.94%)

$21,619,000 (52.50%)

$14,176,000 (8.98%)

Operating Expenses

$369,713,000 (63.64%)

$225,931,000 (90.68%)

$118,488,000 (46.06%)

$81,124,000 (10.45%)

Interest Expense

$13,096,000 (-5.24%)

$13,820,000 (653.96%)

$1,833,000 (5291.18%)

$34,000 (-93.23%)

Income Tax Expense

$130,770,000 (16.99%)

$111,782,000 (134.10%)

$47,750,000 (236.39%)

$14,195,000 (-57.85%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$525,324,000 (-23.44%)

$686,189,000 (184.11%)

$241,523,000 (137.19%)

$101,826,000 (-59.06%)

Net Income to Non-Controlling Interests

$8,078,000 (-95.75%)

$189,974,000 (58.06%)

$120,190,000 (136.07%)

$50,913,000 (-59.06%)

Net Income

$517,246,000 (4.24%)

$496,215,000 (308.97%)

$121,333,000 (138.31%)

$50,913,000 (-59.06%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$517,246,000 (4.24%)

$496,215,000 (308.97%)

$121,333,000 (138.31%)

$50,913,000 (-59.06%)

Weighted Average Shares

$143,539,344 (86.25%)

$77,067,639 (67.95%)

$45,886,065 (-61.46%)

$119,047,619

Weighted Average Shares Diluted

$149,275,950 (1.35%)

$147,284,330 (0.98%)

$145,851,637

-

Earning Before Interest & Taxes (EBIT)

$661,112,000 (6.32%)

$621,817,000 (263.81%)

$170,916,000 (162.37%)

$65,142,000 (-58.91%)

Gross Profit

$1,008,825,000 (24.08%)

$813,049,000 (183.32%)

$286,973,000 (95.18%)

$147,031,000 (-36.62%)

Operating Income

$639,112,000 (8.86%)

$587,118,000 (248.47%)

$168,485,000 (155.64%)

$65,907,000 (-58.43%)

NXT Cash Flow Statement (MRY)


Metric

2025

2024

2023

2022

Net Cash Flow from Investing

-$186,096,000 (-2694.23%)

-$6,660,000 (-110.83%)

-$3,159,000 (45.06%)

-$5,750,000 (-94.06%)

Net Cash Flow from Financing

-$177,649,000 (-126.98%)

-$78,267,000 (-2091.13%)

-$3,572,000 (58.73%)

-$8,656,000 (-108.99%)

Net Cash Flow from Operations

$655,794,000 (52.88%)

$428,973,000 (298.42%)

$107,669,000 (173.19%)

-$147,113,000 (-256.05%)

Net Cash Flow / Change in Cash & Cash Equivalents

$292,049,000 (-15.11%)

$344,046,000 (240.85%)

$100,938,000 (162.49%)

-$161,519,000 (-186.08%)

Net Cash Flow - Business Acquisitions and Disposals

-$152,175,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$33,921,000 (-450.67%)

-$6,160,000 (-95.00%)

-$3,159,000 (45.06%)

-$5,750,000 (-133.46%)

Issuance (Repayment) of Debt Securities

-$156,017,000 (0%)

$0 (0%)

$150,000,000 (0%)

$0 (0%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$0 (0%)

$76,000 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$118,880,000 (109.36%)

$56,783,000 (77.48%)

$31,994,000 (949.67%)

$3,048,000 (-29.22%)

Depreciation Amortization & Accretion

$13,407,000 (207.29%)

$4,363,000 (-5.69%)

$4,626,000 (-58.50%)

$11,146,000 (-33.69%)

NXT Financial Metrics (MRY)


Metric

2025

2024

2023

2022

Gross Margin

34.10% (4.92%)

32.50% (115.23%)

15.10% (49.50%)

10.10% (-47.94%)

Profit Margin

17.50% (-11.62%)

19.80% (209.38%)

6.40% (82.86%)

3.50% (-66.35%)

EBITDA Margin

22.80% (-8.80%)

25.00% (171.74%)

9.20% (76.92%)

5.20% (-64.63%)

Return on Average Equity (ROAE)

38.20% (256.56%)

-24.40% (-208.86%)

-7.90% (-135.43%)

22.30%

Return on Average Assets (ROAA)

17.90% (-25.10%)

23.90% (139.00%)

10.00% (85.19%)

5.40%

Return on Sales (ROS)

22.30% (-10.44%)

24.90% (176.67%)

9.00% (100.00%)

4.50% (-66.17%)

Return on Invested Capital (ROIC)

61.00% (-22.69%)

78.90% (109.84%)

37.60% (-21.99%)

48.20%

Dividend Yield

0% (0%)

0% (0%)

0%

-

Price to Earnings Ratio (P/E)

11.87 (-16.26%)

14.17 (-99.22%)

1,813

-

Price to Sales Ratio (P/S)

2.04 (17.81%)

1.74 (98.29%)

0.88

-

Price to Book Ratio (P/B)

3.77 (-55.52%)

8.47 (607.37%)

-1.67

-

Debt to Equity Ratio (D/E)

0.96 (-39.52%)

1.59 (622.70%)

-0.3

-

Earnings Per Share (EPS)

3.55 (-10.58%)

3.97 (19750.00%)

0.02

-

Sales Per Share (SPS)

20.62 (-36.44%)

32.44 (-21.75%)

41.45 (238.56%)

12.24

Free Cash Flow Per Share (FCFPS)

4.33 (-21.04%)

5.49 (140.83%)

2.28 (277.41%)

-1.28

Book Value Per Share (BVPS)

11.34 (-9.04%)

12.47 (118.60%)

-67.03 (0%)

0

Tangible Assets Book Value Per Share (TABVPS)

19.29 (-34.00%)

29.22 (16.27%)

25.13 (299.11%)

6.3

Enterprise Value Over EBIT (EV/EBIT)

8 (-38.46%)

13 (-55.17%)

29

-

Enterprise Value Over EBITDA (EV/EBITDA)

8.29 (-34.49%)

12.65 (-55.92%)

28.69

-

Asset Turnover

1.02 (-15.03%)

1.2 (-22.87%)

1.56 (1.63%)

1.54

Current Ratio

2.09 (5.30%)

1.98 (15.36%)

1.72 (13.99%)

1.51 (1.21%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

$621,873,000 (47.08%)

$422,813,000 (304.57%)

$104,510,000 (168.37%)

-$152,863,000 (-266.50%)

Enterprise Value (EV)

$5,588,176,177 (-29.43%)

$7,919,134,109 (57.23%)

$5,036,546,679

-

Earnings Before Tax (EBT)

$648,016,000 (6.58%)

$607,997,000 (259.58%)

$169,083,000 (159.70%)

$65,108,000 (-58.80%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$674,519,000 (7.72%)

$626,180,000 (256.71%)

$175,542,000 (130.10%)

$76,288,000 (-56.49%)

Invested Capital

$968,642,000 (-6.34%)

$1,034,260,000 (56.02%)

$662,919,000 (168.21%)

$247,167,000 (980.13%)

Working Capital

$1,124,474,000 (28.25%)

$876,749,000 (140.31%)

$364,839,000 (51.58%)

$240,691,000 (25.42%)

Tangible Asset Value

$2,768,257,000 (22.92%)

$2,252,083,000 (95.29%)

$1,153,206,000 (53.84%)

$749,608,000 (23.94%)

Market Capitalization

$6,136,386,177 (-24.63%)

$8,142,190,109 (58.51%)

$5,136,627,679

-

Average Equity

$1,355,516,500 (166.53%)

-$2,037,349,000 (-32.48%)

-$1,537,883,500 (-774.44%)

$228,023,500

Average Assets

$2,892,915,750 (39.34%)

$2,076,084,250 (70.38%)

$1,218,484,500 (28.38%)

$949,129,000

Invested Capital Average

$1,083,034,000 (37.34%)

$788,568,750 (73.30%)

$455,043,000 (237.01%)

$135,025,000

Shares

145,619,036 (0.64%)

144,698,598 (2.14%)

141,660,995 (19.00%)

119,047,619