Nextpower (NXT) Cost of Revenue (2021 - 2026)
Nextpower's (NXT) quarterly Cost of Revenue came in at $583.1 million in Q1 2026, down 5.74% year-on-year from $618.7 million in Q1 2025, and down 6.13% quarter-over-quarter from $621.2 million in Q4 2025.
Nextpower (NXT) Cost of Revenue (2021 - 2026) Analysis & Trends
Nextpower's Cost of Revenue history runs 6 years deep, the most recent figure standing at $583.1 million for Q1 2026.
- On a quarterly basis, Cost of Revenue fell 5.74% year-over-year to $583.1 million in Q1 2026; TTM through Mar 2026 was $2.4 billion, a 23.02% increase from a year earlier, with the FY2026 full-year figure at $2.4 billion, up 23.02% from the prior year.
- Cost of Revenue slipped to $583.1 million in Q1 2026 per NXT's latest filing, from $621.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $621.2 million in Q4 2025 and bottomed at $353.4 million in Q3 2022.
- The 5-year median for Cost of Revenue is $431.1 million (2022), against an average of $473.7 million.
- Across the five-year window, Cost of Revenue retreated 12.43% in 2024 and jumped 56.21% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at $431.1 million in 2022, then grew by 16.14% to $500.7 million in 2023, then slipped by 12.43% to $438.5 million in 2024, then surged by 41.68% to $621.2 million in 2025, then dropped by 6.13% to $583.1 million in 2026.
- Per Business Quant, the three latest NXT Cost of Revenue figures stand at $583.1 million (Q1 2026), $621.2 million (Q4 2025), and $612.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 558.11 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 583.14 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 182.51 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 1.63 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 242.22 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 314.74 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 99.55 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 1.09 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 160.41 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 95.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 583.14 Mn |
| Mar 31, 2026 | 583.14 Mn |
| Dec 31, 2025 | 621.22 Mn |
| Dec 31, 2025 | 621.22 Mn |
| Sep 26, 2025 | 612.41 Mn |
| Sep 26, 2025 | 612.41 Mn |
| Jun 27, 2025 | 582.53 Mn |
| Jun 27, 2025 | 582.53 Mn |
| Mar 31, 2025 | 618.66 Mn |
| Mar 31, 2025 | 618.66 Mn |
| Dec 31, 2024 | 438.46 Mn |
| Dec 31, 2024 | 438.46 Mn |
| Sep 27, 2024 | 410.78 Mn |
| Sep 27, 2024 | 410.78 Mn |
| Jun 28, 2024 | 482.48 Mn |
| Jun 28, 2024 | 482.48 Mn |
| Mar 31, 2024 | 396.05 Mn |
| Mar 31, 2024 | 396.05 Mn |
| Dec 31, 2023 | 500.70 Mn |
| Dec 31, 2023 | 500.70 Mn |