--- title: "Next Tech | 10-Q: FY2026 Q1 Revenue: USD 465.23 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/284566085.md" datetime: "2026-04-29T12:02:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284566085.md) - [en](https://longbridge.com/en/news/284566085.md) - [zh-HK](https://longbridge.com/zh-HK/news/284566085.md) --- # Next Tech | 10-Q: FY2026 Q1 Revenue: USD 465.23 K Revenue: As of FY2026 Q1, the actual value is USD 465.23 K. EPS: As of FY2026 Q1, the actual value is USD -11.86. EBIT: As of FY2026 Q1, the actual value is USD -6.635 M. #### Segment Revenue Next Technology Holding Inc. generated $465,228 in service revenue for the three months ended March 31, 2026, an increase from $0 for the same period in 2025 . This increase is primarily due to revenue recognized under a commercial customer agreement in smart water-system management, with all revenue for both periods derived from software development services . #### Operational Metrics - **Cost of Revenue**: For the three months ended March 31, 2026, cost of revenue was $387,344, up from $0 in the prior year period . This rise was driven by increased utilization of external vendors, outsourced development resources, and higher personnel expenses to support revenue growth . - **Gross Profit**: Gross profit for the three months ended March 31, 2026, was $77,884, compared to $0 in the prior year . The gross margin was 16.7% for the three months ended March 31, 2026, reflecting the revenue mix and early commercialization . - **Research and Development Expenses**: These expenses increased to $2,123,508 for the three months ended March 31, 2026, from $0 in the prior year . This increase is attributed to $653,759 in share-based compensation expenses and $1,440,000 in professional service fees related to outsourced software development and technical consulting . - **Selling and Marketing Expenses**: These expenses were $337,200 for the three months ended March 31, 2026, up from $0 in the prior year period, due to higher payroll and bonus expenses for sales management and expanded advertising and promotional activities . - **General and Administrative Expenses**: These expenses significantly increased to $4,252,296 for the three months ended March 31, 2026, from $449,858 in the prior year, primarily due to a substantial increase in share-based compensation expenses and higher professional service fees for strategic initiatives . - **Loss from Operations**: Next Technology Holding Inc. reported a loss from operations of - $6,635,120 for the three months ended March 31, 2026, compared to a loss of - $449,858 for the same period in 2025 . - **Other (Expense) Income**: For the three months ended March 31, 2026, other expenses were - $126,511,123, a significant unfavorable change from other income of $245,311,156 in the prior year . This change was primarily driven by a decline in the fair value of Bitcoin holdings, resulting in an unrealized loss . - **Income Tax Benefits (Expenses)**: Income tax benefits were $27,294,512 for the three months ended March 31, 2026, compared to income tax expenses of - $51,420,873 in the prior year, reflecting a significant decrease in pre-tax income due to lower other income (unrealized loss on digital assets) . - **Net (Loss) Income**: Next Technology Holding Inc. reported a net loss of - $105,851,731 for the three months ended March 31, 2026, a decrease from a net income of $193,440,425 in the prior year . This is mainly due to the loss in fair value of digital assets, partially offset by a decrease in income tax expenses . #### Cash Flow - **Net Cash Used in Operating Activities**: Net cash used in operating activities was - $1,396,103 for the three months ended March 31, 2026, compared to $0 for the same period in 2025 . This includes a net loss of - $105,851,731, adjusted for $4,172,379 in share-based compensation, $126,511,123 in non-cash fair value gain on digital assets, $1,100,000 in changes in operating assets and liabilities, and partially offset by - $27,294,512 in deferred tax benefits . - **Net Cash Provided by Financing Activities**: Net cash provided by financing activities was $155,488,989 for the three months ended March 31, 2026, compared to $0 for the same period in 2025 . This includes - $1,462,471 from repayment of loans from third parties and $156,951,460 from net proceeds from third-party investors . #### Unique Metrics - **Digital Assets (Bitcoin Holdings)**: As of March 31, 2026, Next Technology Holding Inc. held approximately 5,833 bitcoins with a carrying value of $389,642,362, compared to 5,833 bitcoins with a carrying value of $516,153,485 as of December 31, 2025 . For the three months ended March 31, 2026, the company recognized an unrealized loss of - $126,511,123 on digital assets, while for the same period in 2025, it recognized an unrealized gain of $245,311,156 . - **Share-based Compensation Expense**: Total share-based compensation expenses recognized were $4,172,379 for the three months ended March 31, 2026, compared to $0 in the prior year period . #### Future Outlook and Strategy Next Technology Holding Inc. continues to pursue two corporate strategies: providing AI-enabled software development services and acquiring and holding Bitcoin . The company plans to continue accumulating Bitcoin, viewing its holdings for trading purposes, and will monitor market conditions for potential additional financing for purchases . It is also committed to expanding research capabilities and investing in new technology domains to enhance product innovation, strengthen long-term competitiveness, and support sustainable growth in software development . The company believes its existing cash, expected cash flow, and capital allocation strategy will be sufficient for working capital and capital expenditures for the next 12 months, though it may seek additional cash through equity or debt if needed for investments, acquisitions, or capital expenditures . ### Related Stocks - [NXTT.US](https://longbridge.com/en/quote/NXTT.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [INTOUCH INSIGHT ANNOUNCES Q1 2026 FINANCIAL RESULTS](https://longbridge.com/en/news/287124506.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md) - [Autohome Inc. to Announce First Quarter 2026 Financial Results on May 28, 2026 | ATHM Stock News](https://longbridge.com/en/news/286390966.md)