Quarterly ResultApr 29, 2026, 08:07 AM
NXTT Q1 Net Loss $105.85M; Digital Assets Fair Value Loss $126.51M
AI Summary
Next Technology Holding Inc. reported a net loss of $105.85 million for Q1 2026, a significant reversal from a $193.44 million net income in Q1 2025. This loss was primarily driven by a $126.51 million fair value loss on digital assets. The company began generating service revenue of $465,228 in Q1 2026 and saw its cash and cash equivalents increase substantially to $159.72 million, largely due to $156.95 million in net proceeds from third-party investors.
Key Highlights
- Q1 2026 Net Loss: $(105,851,731) vs. $193,440,425 net income in Q1 2025.
- Q1 2026 Service Revenue: $465,228 vs. $0 in Q1 2025.
- Q1 2026 Fair Value Loss on Digital Assets: $(126,511,123).
- Cash & Cash Equivalents (Mar 31, 2026): $159,716,830, up from $5,623,944 (Dec 31, 2025).
- Digital Assets Fair Value (Mar 31, 2026): $389,642,362, down from $516,153,485 (Dec 31, 2025).
- Net Loss Per Share (Q1 2026): $(11.86) vs. $396.38 net income per share in Q1 2025.
- Total Assets (Mar 31, 2026): $551,220,361, up from $524,131,414 (Dec 31, 2025).
- Common shares outstanding (Mar 31, 2026): 76,264,374.