Next Technology Holding Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
NXTT$4.89+3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE
SHEETS AS OF SEPTEMBER 30, 2026 AND DECEMBER 31, 2025
(All amounts in US$, except for number of shares) (Unaudited)
| As of September 30, 2026 | As of December 31, 2025 | |
|---|---|---|
| (Unaudited) | (Audited) | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $163,929,162 | $5,623,944 |
| Digital assets | 488,026,791 | 516,153,485 |
| Accounts receivable, net | 255,000 | 354,772 |
| Prepayments | 2,079,866 | 1,999,213 |
| Total current assets | 654,290,819 | 524,131,414 |
| Non-current assets: | ||
| Investment in associate company | - | - |
| Total non-current assets | - | - |
| Total assets | $654,290,819 | $524,131,414 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,293,500 | $751,322 |
| Amount due to related parties | 966,626 | 660,259 |
| Income tax payable | 130,415 | 130,415 |
| Contract liability | 2,850,000 | - |
| Accrued expense and other payable | 650,876 | 2,393,667 |
| Total current liabilities | 5,891,417 | 3,935,663 |
| Non-current liabilities: | ||
| Deferred tax liabilities | 51,875,985 | 64,616,342 |
| Total non-current liabilities | 51,875,985 | 64,616,342 |
| Total liabilities | $57,767,402 | $68,552,005 |
| Stockholders’ Equity: | ||
| Common stock: $0.0000 par value per share; 2,580,947 and 48,826 issued and outstanding as of September 30, 2026 and December 31, 2025, respectively* | - | - |
| Additional paid-in capital | 476,642,379 | 303,245,965 |
| Retained earnings | 119,881,038 | 152,333,444 |
| Total Stockholders’ Equity | $596,523,417 | $455,579,409 |
| Total Liabilities and Stockholders’ Equity | $654,290,819 | $524,131,414 |
| * | On August 10, 2026, the Company effected a 100-for-1 reverse stock split of its common stock, resulting in the consolidation of every one hundred issued and outstanding shares into one share. The reverse stock split reduced the number of outstanding shares from approximately 147,296,192 to approximately 1,472,962. As a result of rounding up fractional shares, the Company issued an additional 34,485 shares, resulting in 1,507,447 shares outstanding immediately following the reverse stock split. |
|---|
The accompanying notes are an integral part of these financial statements.
OPERATIONS AND COMPREHENSIVE INCOME (LOSS) FOR
THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025
(All amounts in US$, except for number of shares and per share data) (Unaudited)
| For the Three Months ended September 30, | For the Nine Months ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue: | ||||
| Service revenue | $8,658,060 | $1,788,205 | $9,964,228 | $1,788,205 |
| Cost of revenue | (6,125,420) | (981,356) | (6,999,877) | (981,356) |
| Gross Profit | 2,532,640 | 806,849 | 2,964,351 | 806,849 |
| Operating expenses | ||||
| General and administrative expenses | (4,382,733) | (44,856,384) | (12,506,548) | (45,562,204) |
| Selling and marketing expenses | (2,362,540) | (276,068) | (3,076,100) | (276,068) |
| Research and development expenses | (1,182,565) | - | (4,221,895) | - |
| Total operating expenses | (7,927,838) | (45,132,452) | (19,804,543) | (45,838,272) |
| Loss from operations | (5,395,198) | (44,325,603) | (16,840,192) | (45,031,423) |
| Other income (expense) | 136,516,985 | 34,736,876 | (28,126,694) | 430,398,332 |
| Income (loss) before income tax | $131,121,787 | $(9,588,727) | $(44,966,886) | 385,366,909 |
| Income tax (expenses) benefits | (27,783,913) | (7,303,523) | 12,740,357 | (90,244,207) |
| Net income (loss) and total comprehensive loss (income) | 103,337,874 | (16,892,250) | (32,226,529) | 295,122,702 |
| Net income (loss) per share | ||||
| -Basic and diluted | 59.55 | (686.40) | (28.64) | 17,185.27 |
| Weighted average number of shares outstanding | ||||
| -Basic and diluted(a) | 1,735,300 | 24,610 | 1,125,176 | 17,173 |
| (a) | On August 10, 2026, the Company effected a 100-for-1 reverse stock split of its common stock, resulting in the consolidation of every one hundred issued and outstanding shares into one share. The reverse stock split reduced the number of outstanding shares from approximately 147,296,192 to approximately 1,472,962. As a result of rounding up fractional shares, the Company issued an additional 34,485 shares, resulting in 1,507,447 shares outstanding immediately following the reverse stock split. The reverse stock split was retrospectively applied in calculating basic and diluted income (loss) per share for the three months and nine months ended September 30, 2025 and 2026. |
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CHANGES IN STOCKHOLDERS’ EQUITY FOR THE
THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025
(All amounts in US$, except for number of shares) (Unaudited)
For the Three Months ended September 30, 2026
| Common Stock · Additional Paid in · Retained · Total Shareholder | ||||||
|---|---|---|---|---|---|---|
| Shares · Amount · Capital · Earnings · Equity | ||||||
| Balance as of June 30, 2026 (unaudited) | 1,472,962 | $ | - | $468,583,287 | $16,769,041 | $485,352,328 |
| Net income for the period | - | - | - | 103,337,874 | 103,337,874 | |
| Share-based compensation | 1,070,000 | - | 7,833,215 | - | 7,833,215 | |
| Exercise of pre-fund warrants | 3,500 | - | - | - | - | |
| Issuance of common stocks for fractional share elimination | 34,485 | - | 225,877 | (225,877) | - | |
| Balance as of September 30, 2026 (unaudited) | 2,580,947 | $ | - | $476,642,379 | $119,881,038 | $596,523,417 |
For the Nine Months ended September 30, 2026
| Common Stock · Additional Paid in · Retained · Total Shareholder | ||||||
|---|---|---|---|---|---|---|
| Shares · Amount · Capital · Earnings · Equity | ||||||
| Balance as of December 31, 2025 | 48,826 | $ | - | $303,245,965 | $152,333,444 | $455,579,409 |
| Issuance of common stocks and pre-fund warrants | 713,818 | - | 156,951,460 | - | 156,951,460 | |
| Exercise of pre-fund warrants | 713,818 | - | - | - | - | |
| Net loss for the period | - | - | (32,226,529) | (32,226,529) | ||
| Share-based compensation | 1,070,000 | - | 16,219,077 | - | 16,219,077 | |
| Issuance of common stocks for fractional share elimination | 34,485 | - | 225,877 | (225,877) | - | |
| Balance as of September 30, 2026 (unaudited) | 2,580,947 | $ | - | $476,642,379 | $119,881,038 | $596,523,417 |
For the Three Months ended September 30, 2025
| Common Stock · Additional Paid in · Retained · Total Shareholder | ||||||
|---|---|---|---|---|---|---|
| Shares · Amount · Capital · Earnings · Equity | ||||||
| Balance as of June 30, 2025 (unaudited) | 21,813 | $ | - | $217,676,957 | $321,924,224 | $539,601,181 |
| Net loss for the period | - | - | - | (16,892,250) | (16,892,250) | |
| Share-based compensation to advisors | 3,500 | - | 44,367,409 | - | 44,367,409 | |
| Issuance of common shares and pre-funded warrants from securities purchase agreement | 3,000 | - | 8,030,250 | - | 8,030,250 | |
| Common stock issuance from fractional share elimination | 312 | - | 740,776 | (740,776) | - | |
| Balance as of September 30, 2025 (unaudited) | 28,625 | $ | - | $270,815,392 | $304,291,198 | $575,106,590 |
For the Nine Months ended September 30, 2025
| Common Stock · Additional Paid in · Retained · Total Shareholder | ||||||
|---|---|---|---|---|---|---|
| Shares · Amount · Capital · Earnings · Equity | ||||||
| Balance as of December 31, 2024 | 349 | $ | - | $71,718,790 | $9,909,272 | $81,628,062 |
| Stock issued for the acquisition of Bitcoin during the period | 21,464 | - | 145,958,167 | - | 145,958,167 | |
| Net income for the period | - | - | 295,122,702 | 295,122,702 | ||
| Share-based compensation to advisors | 3,500 | - | 44,367,409 | - | 44,367,409 | |
| Issuance of common shares and pre-funded warrants from securities purchase agreement | 3,000 | - | 8,030,250 | - | 8,030,250 | |
| Common stock issuance from fractional share elimination | 312 | - | 740,776 | (740,776) | - | |
| Balance as of September 30, 2025(unaudited) | 28,625 | $ | - | $270,815,392 | $304,291,198 | $575,106,590 |
| (a) | On August 10, 2026, the Company effected a 100-for-1 reverse stock split of its common stock, resulting in the consolidation of every one hundred issued and outstanding shares into one share. The reverse stock split reduced the number of outstanding shares from approximately 147,296,192 to approximately 1,472,962. As a result of rounding up fractional shares, the Company issued an additional 34,485 shares, resulting in 1,507,447 shares outstanding immediately following the reverse stock split. |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.