NXTT

MKT CAP:$5M

Next Technology Holding Inc.

Market Cap

$5M

Technology·Software - Application·🇨🇳 China·NASDAQ

Technology·Software App·🇨🇳·NASDAQ

Stock Price

$1.86-$4.92 (-72.49%)

Apr 21, 2026

Company Details

Next Technology Holding Inc. provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-...

CEO

Weihong Liu

IPO Date

Jul 19, 2022

Website

www.wetradegroup.net

Key Metrics TTM

Revenue

$12M

+545.3% YoY

Net Income

$143M

EPS (Diluted)

$5,348.34

Free Cash Flow

$147M

Revenue / Share

$237.89

Gross Margin

15.1%

Operating Margin

-690.5%

Net Margin

1232.6%

FCF Margin

1264.7%

P/S

0.4x

P/E

0.0x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

Q4 2025

Dec 31, 2025

$10M+445.9%EPS -$3,112.26

Q3 2025

Sep 30, 2025

$2MEPS -$484.27

Q2 2025

Jun 30, 2025

$0EPS $3,399.30

Q1 2025

Mar 31, 2025

$0EPS $5,545.57

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$2M	$2M	$1M
Q4 20	$3M	$3M	$2M
Q1 21	$3M	$3M	$745.4K
Q2 21	$4M	$4M	$2M
Q3 21	$5M	$2M	$1M
Q4 21	$3M	$3M	$2M
Q3 22	$0	$0	-$6M
Q4 22	$2M	$449.2K	-$974.0K
Q1 24	$0	$0	-$330.1K
Q2 24	$0	$0	-$345.0K
Q3 24	$0	$0	-$567.0K
Q4 24	$2M	$1M	$1M
Q1 25	$0	$0	-$449.9K
Q2 25	$0	$0	-$256.0K
Q3 25	$2M	$806.8K	-$44M
Q4 25	$10M	$949.7K	-$35M

Valuation

Quarter	P/S	P/E
Q3 20	1288.0x	3101.0x
Q4 20	593.2x	1389.0x
Q1 21	411.9x	1116.9x
Q2 21	308.5x	808.3x
Q3 21	254.0x	705.7x
Q4 21	258.7x	718.8x
Q3 22	14.1x	—
Q4 22	9.2x	—
Q1 24	3.2x	1.6x
Q2 24	12.9x	9.5x
Q3 24	3.4x	0.6x
Q4 24	9.6x	0.8x
Q1 25	16.8x	0.2x
Q2 25	557.4x	3.1x
Q3 25	13.9x	0.2x
Q4 25	1.3x	0.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$157.1K	$157.1K
Q4 20	$2M	$2M
Q1 21	-$2M	-$2M
Q2 21	$1M	$834.8K
Q3 21	-$2M	-$2M
Q4 21	-$974.3K	-$1M
Q3 22	-$24M	-$24M
Q4 22	$1M	$241.4K
Q1 24	-$530	-$530
Q2 24	$0	$0
Q3 24	-$80.8K	-$80.8K
Q4 24	$81.3K	$81.3K
Q1 25	$0	$0
Q2 25	$150M	$150M
Q3 25	$4M	$4M
Q4 25	-$7M	-$7M

Capital Expenditures

Quarter	CapEx
Q3 20	$0
Q4 20	$0
Q1 21	$0
Q2 21	$170.6K
Q3 21	$32.3K
Q4 21	$282.5K
Q3 22	$148.6K
Q4 22	$814.5K
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$3
Q4 25	$3

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	—	+479.3%
Q4 20	—	+1148.2%
Q1 21	+13098.5%	+4311.6%
Q2 21	+354.0%	+618.2%
Q3 21	+128.6%	+276.7%
Q4 21	-7.8%	-9.8%
Q3 22	-100.0%	+210.3%
Q4 22	-36.3%	+76.1%
Q1 24	-100.0%	-89.5%
Q2 24	-100.0%	-72.4%
Q3 24	—	-91.0%
Q4 24	-27.2%	-83.3%
Q1 25	—	+36.3%
Q2 25	—	-25.8%
Q3 25	—	+8033.2%
Q4 25	+445.9%	+7729.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q3 22	$0	—
Q4 22	$0	0.0%
Q1 24	$0	—
Q2 24	$0	—
Q3 24	$0	—
Q4 24	$0	0.0%
Q1 25	$0	—
Q2 25	$0	—
Q3 25	$44M	2481.1%
Q4 25	$32M	330.0%

OpEx Breakdown

Quarter	G&A	S&M
Q3 20	$407.1K	—
Q4 20	$1M	—
Q1 21	$2M	—
Q2 21	$2M	—
Q3 21	$1M	—
Q4 21	$1M	—
Q3 22	$6M	—
Q4 22	$1M	—
Q1 24	$330.1K	—
Q2 24	$345.0K	—
Q3 24	$567.0K	—
Q1 25	$449.9K	—
Q2 25	$256.0K	—
Q3 25	$45M	$276.1K
Q4 25	$21M	$474.1K

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 20	—	58.5%	—
Q4 20	—	59.4%	—
Q1 21	13098.5%	26.9%	13125.4
Q2 21	354.0%	49.7%	403.6
Q3 21	128.6%	31.7%	160.2
Q4 21	-7.8%	60.8%	53.0
Q3 22	-100.0%	—	—
Q4 22	-36.3%	-29.8%	-66.1
Q1 24	-100.0%	—	—
Q2 24	-100.0%	—	—
Q3 24	—	—	—
Q4 24	-27.2%	68.1%	40.8
Q1 25	—	—	—
Q2 25	—	—	—
Q3 25	—	-2478.8%	—
Q4 25	445.9%	-357.9%	88.0

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 21	$1M	$0	$1M
Q4 21	$616.6K	$0	$616.6K
Q1 22	$8M	$0	$8M
Q2 22	$7M	$0	$7M
Q3 22	$20M	$0	$20M
Q4 22	$20M	$0	$20M
Q1 23	$20M	$0	$20M
Q2 23	$20M	$0	$20M
Q3 23	$1M	$0	$1M
Q4 23	$668.4K	$0	$668.4K
Q1 24	$668.4K	$0	$668.4K
Q2 24	$668.4K	$0	$668.4K
Q3 24	$668.4K	$0	$668.4K
Q4 24	$668.4K	$0	$668.4K
Q1 25	$668.4K	$0	$668.4K
Q4 25	$6M	$0	$6M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	8K	+2.0%	+2.9%
Q4 20	8K	-1.5%	+1.4%
Q1 21	8K	+0.4%	+1.2%
Q2 21	8K	0.0%	+0.9%
Q3 21	8K	0.0%	-1.1%
Q4 21	8K	0.0%	+0.4%
Q3 22	5K	-36.9%	-36.9%
Q4 22	5K	+0.5%	-36.5%
Q1 24	13K	+150.6%	+59.0%
Q2 24	35K	+165.7%	+322.6%
Q3 24	35K	0.0%	+569.5%
Q4 24	35K	0.0%	+565.9%
Q1 25	35K	0.0%	+165.7%
Q2 25	35K	0.0%	0.0%
Q3 25	35K	0.0%	0.0%
Q4 25	49K	+40.0%	+40.0%

Shares Outstanding