Nextpower (NXT) Operating Expenses (2021 - 2026)
Nextpower's (NXT) quarterly Operating Expenses came in at $143.8 million in Q1 2026, up 30.27% year-on-year from $110.4 million in Q1 2025, and up 28.35% quarter-over-quarter from $112.0 million in Q4 2025.
Nextpower (NXT) Operating Expenses (2021 - 2026) Analysis & Trends
Nextpower's Operating Expenses history runs 6 years deep, the most recent figure standing at $143.8 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 30.27% year-over-year to $143.8 million in Q1 2026; TTM through Mar 2026 was $462.8 million, a 25.19% increase from a year earlier, with the FY2026 full-year figure at $462.8 million, up 25.19% from the prior year.
- Operating Expenses grew to $143.8 million in Q1 2026 per NXT's latest filing, from $112.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $143.8 million in Q1 2026 and bottomed at $20.1 million in Q3 2022.
- The 5-year median for Operating Expenses is $69.8 million (2024), against an average of $71.1 million.
- Across the five-year window, Operating Expenses soared 159.58% in 2023 and increased 22.11% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $23.6 million in 2022, then surged by 159.58% to $61.3 million in 2023, then jumped by 48.02% to $90.7 million in 2024, then increased by 23.56% to $112.0 million in 2025, then advanced by 28.35% to $143.8 million in 2026.
- Per Business Quant, the three latest NXT Operating Expenses figures stand at $143.8 million (Q1 2026), $112.0 million (Q4 2025), and $111.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 130.04 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -232.93 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 123.32 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 765.74 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 33.29 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 188.46 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 55.90 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -11.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 143.79 Mn |
| Dec 31, 2025 | 112.03 Mn |
| Sep 26, 2025 | 111.52 Mn |
| Jun 27, 2025 | 95.50 Mn |
| Mar 31, 2025 | 110.38 Mn |
| Dec 31, 2024 | 90.67 Mn |
| Sep 27, 2024 | 91.32 Mn |
| Jun 28, 2024 | 77.35 Mn |
| Mar 31, 2024 | 69.80 Mn |
| Dec 31, 2023 | 61.25 Mn |
| Sep 29, 2023 | 55.02 Mn |
| Jun 30, 2023 | 39.86 Mn |
| Mar 31, 2023 | 49.73 Mn |
| Dec 31, 2022 | 23.60 Mn |
| Sep 30, 2022 | 25.07 Mn |
| Jul 1, 2022 | 20.09 Mn |
| Mar 31, 2022 | 31.38 Mn |
| Dec 31, 2021 | 16.66 Mn |