Next Technology (NXTT)
Market Price (12/5/2025): $7.16 | Market Cap: $17.6 MilSector: Information Technology | Industry: Application Software
Next Technology (NXTT)
Market Price (12/5/2025): $7.16Market Cap: $17.6 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 494%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 490%, FCF Yield is 6.0% | Weak multi-year price returns2Y Excs Rtn is -149%, 3Y Excs Rtn is -173% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -44 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1221% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17% | High stock price volatilityVol 12M is 715% | |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 259% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 102%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 102% | ||
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Autonomous Technologies. Themes include AI Chips, Edge AI, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 494%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 490%, FCF Yield is 6.0% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -17% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 259% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 102%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 102% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Autonomous Technologies. Themes include AI Chips, Edge AI, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -149%, 3Y Excs Rtn is -173% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -44 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1221% |
| High stock price volatilityVol 12M is 715% |
Valuation, Metrics & Events
NXTT Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Massive Share Dilution: The company's acquisition of 5,000 Bitcoin in the first half of 2025 resulted in a substantial dilution of existing shareholders, increasing weighted-average shares outstanding from 4.6 million to 267.9 million. This significant increase in share count likely continued to weigh heavily on the stock price into the requested period.
2. Reverse Stock Split: Next Technology Holding Inc. implemented a one-for-two hundred (1-200) reverse stock split, which became effective on September 16, 2025. Reverse splits are often perceived negatively by investors, as they can signal a company's struggle to maintain a minimum share price and avoid delisting.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NXTT Return | - | -34% | -92% | -94% | -37% | -99% | -100% |
| Peers Return | 13% | -2% | -7% | 5% | 55% | 897% | 1587% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 112% |
Monthly Win Rates [3] | |||||||
| NXTT Win Rate | 60% | 50% | 42% | 42% | 50% | 20% | |
| Peers Win Rate | 13% | 10% | 9% | 30% | 44% | 36% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| NXTT Max Drawdown | - | -71% | -94% | -95% | -74% | -99% | |
| Peers Max Drawdown | -5% | -4% | -8% | -15% | -8% | -51% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: ADSK, HIT, BMR, BTTC, CCC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/4/2025 (YTD)
How Low Can It Go
| Event | NXTT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -99.9% | -25.4% |
| % Gain to Breakeven | 126214.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -68.5% | -33.9% |
| % Gain to Breakeven | 217.6% | 51.3% |
| Time to Breakeven | 575 days | 148 days |
Compare to ADSK, HIT, BMR, BTTC, CCC
In The Past
Next Technology's stock fell -99.9% during the 2022 Inflation Shock from a high on 8/5/2022. A -99.9% loss requires a 126214.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Next Technology Stock 13-Day Losing Spree: Stock Falls 61% | Notification | |
| Next Technology Stock 11-Day Losing Spree: Stock Falls 59% | Notification | |
| Next Technology Stock 12-Day Losing Spree: Stock Falls -60% | Notification | |
| Next Technology Stock Slides -52% With A 10-Day Losing Spree | Notification | |
| Next Technology Stock Drop Looks Sharp, But How Deep Can It Go? | Return |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to NXTT. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | ENPH | Enphase Energy | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 1.9% | 1.9% | -0.9% |
| 11262025 | PD | PagerDuty | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 3.7% | 3.7% | 0.0% |
| 11212025 | CRM | Salesforce | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.1% | 5.1% | -0.1% |
| 11212025 | HUBS | HubSpot | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 5.5% | 5.5% | 0.0% |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 8.0% | 8.0% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | ENPH | Enphase Energy | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 1.9% | 1.9% | -0.9% |
| 11262025 | PD | PagerDuty | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 3.7% | 3.7% | 0.0% |
| 11212025 | CRM | Salesforce | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.1% | 5.1% | -0.1% |
| 11212025 | HUBS | HubSpot | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 5.5% | 5.5% | 0.0% |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 8.0% | 8.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Next Technology
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 5.17 |
| Mkt Cap | 0.1 |
| Rev LTM | 27 |
| Op Inc LTM | 1 |
| FCF LTM | 129 |
| FCF 3Y Avg | 216 |
| CFO LTM | 157 |
| CFO 3Y Avg | 271 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 21.7% |
| Rev Chg 3Y Avg | 11.7% |
| Rev Chg Q | 17.1% |
| QoQ Delta Rev Chg LTM | 11.7% |
| Op Mgn LTM | 5.0% |
| Op Mgn 3Y Avg | 6.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 29.7% |
| CFO/Rev 3Y Avg | 30.7% |
| FCF/Rev LTM | 26.4% |
| FCF/Rev 3Y Avg | 29.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.1 |
| P/S | 10.0 |
| P/EBIT | 24.6 |
| P/E | 35.8 |
| P/CFO | 16.7 |
| Total Yield | 2.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 22.1% |
| D/E | 0.0 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.0% |
| 3M Rtn | -35.7% |
| 6M Rtn | -18.0% |
| 12M Rtn | -24.5% |
| 3Y Rtn | -5.5% |
| 1M Excs Rtn | -4.2% |
| 3M Excs Rtn | -40.8% |
| 6M Excs Rtn | -33.5% |
| 12M Excs Rtn | -36.5% |
| 3Y Excs Rtn | -77.4% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10082025 | 10-Q 9/30/2025 |
| 6302025 | 8082025 | 10-Q 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 3272025 | 10-K 12/31/2024 |
| 9302024 | 11152024 | 10-Q 9/30/2024 |
| 6302024 | 8212024 | 10-Q 6/30/2024 |
| 3312024 | 5202024 | 10-Q 3/31/2024 |
| 12312023 | 4152024 | 10-K 12/31/2023 |
| 9302023 | 11202023 | 10-Q 9/30/2023 |
| 6302023 | 8222023 | 10-Q 6/30/2023 |
| 3312023 | 8142023 | 10-Q 3/31/2023 |
| 12312022 | 7142023 | 10-K 12/31/2022 |
| 9302022 | 11232022 | 10-Q 9/30/2022 |
| 6302022 | 8152022 | 10-Q 6/30/2022 |
| 3312022 | 5232022 | 10-Q 3/31/2022 |
| 12312021 | 4142022 | 10-K 12/31/2021 |
External Quote Links
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |