Next Technology swings to net loss of $135.6 million in 1H FY26; revenue rises to $1.31 million in 1H FY26
NXTT•Cash position
- Cash and cash equivalents rose to $159.04 million from $5.62 million, on $155.49 million of net cash provided by financing activities.
Revenue and margin details
- Revenue was $1.31 million versus no revenue, with gross profit of $431,711 and gross margin of 33.1%.
Next Technology reports wider loss in first half of FY26
- Next Technology Holding reported a net loss of $135.56 million for the six months ended June 30, 2026, swinging from net income of $312.01 million.
- Operating loss widened to $11.44 million from $705,820 as operating expenses jumped 1,582.7% to $11.88 million.
- Other expense was $164.64 million versus other income of $395.66 million, driven by an unrealized fair value loss on Bitcoin holdings.
