NXTTNasdaqServices-Computer Processing & Data PreparationUS GAAP · USD

Next Technology Holding Inc.

Next Technology Holding Inc. is a U.S.-incorporated holding company that operates AI-enabled software development and SaaS-based digital solutions through subsidiaries and commercial contracts in Asia and other overseas markets. The company also pursues a bitcoin acquisition and holding strategy alongside its software services business.

Kysy yhtiöstä
Liikevaihto11,6milj. USD
+545,3 %v/v
Liikevoitto (EBIT)−80,2milj. USD
−477 159,6 %v/v
EBIT-marginaali−690,5%
−689,6 %-yks.v/v
Nettotulos143milj. USD
+564,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−100−80−60−40−20020milj. USD2020: 6,3 milj. USD2020: EBIT 3,8 milj. USD20202021: 14 milj. USD2021: EBIT 6,0 milj. USD20212022: 12 milj. USD2022: EBIT −6,8 milj. USD20222023: 2,6 milj. USD2023: EBIT −1,2 milj. USD20232024: 1,8 milj. USD2024: EBIT −0,02 milj. USD20242025: 12 milj. USD2025: EBIT −80 milj. USD202512−80
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
AI-enabled software development60 %

Custom software design, development, and implementation for business customers.

SaaS+AI monitoring and management systems30 %

Subscription and service contracts for tailored operational monitoring solutions.

Training and support services10 %

Implementation support, user training, and ongoing customer service for deployed systems.

Bitcoin treasury holdings0 %

Acquisition and holding of bitcoin as a corporate treasury and capital strategy.

Asiakkaat

The company sells to commercial customers that need customized software, monitoring, and management systems rather than off-the-shelf consumer products. Reported end markets include hotel management, smart water-system management, crypto mining, property management, energy, retail, e-commerce, tourism, healthcare, and industrial users.

Commercial enterprise customers

Businesses buying customized SaaS+AI systems, implementation, and support for operations management.

Hotel management operators

Customers using AI-enabled monitoring and management systems for property operations.

Smart water-system operators

Customers purchasing tailored monitoring and control solutions for infrastructure management.

Crypto mining operators

Customers using software and monitoring tools for specialized operational oversight.

Property management enterprises

Enterprises buying workflow and productivity software for building and asset operations.

Strategia

The company is pursuing a dual strategy: expanding AI-enabled software services in overseas markets while also accumulating bitcoin as a treasury asset. This combines a recurring enterprise software model with a balance-sheet-driven digital asset strategy.

Grow overseas software servicesLyhyt aikaväli

The company is shifting its operating base toward Hong Kong, Singapore, and other Asian markets.

Diversify customer verticalsKeskipitkä aikaväli

Serving multiple end markets reduces reliance on any single industry or customer type.

Build bitcoin treasury exposureKeskipitkä aikaväli

Bitcoin is being used as a corporate asset and potential source of liquidity or financing.

Maantiede

The company was historically organized around subsidiaries in the PRC, but its software development services are now focused on Hong Kong, Singapore, and other Asian markets. Its customer base and operating footprint are therefore concentrated in Asia, while the bitcoin strategy is not tied to a specific operating geography.

Riskit

The business faces execution risk in scaling customized software services across new overseas markets, where customer acquisition, delivery quality, and contract timing can be uneven. The bitcoin strategy adds significant market and valuation risk because holdings are exposed to price volatility, financing conditions, and accounting fair-value changes.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Bitcoin price volatility1Capital market dependence2Customer and contract concentration3Geographic execution risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Bitcoin price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    The company holds bitcoin as a trading asset and may buy more with excess cash or financing.

    Kohdistuu: Treasury holdings and fair value gains/losses

  2. Capital market dependenceVaikutus: KorkeaTodennäköisyys: Korkea

    The bitcoin strategy and working capital needs may require equity or debt financing.

    Kohdistuu: Registered direct offerings and other capital raises

  3. Customer and contract concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue is tied to a limited number of commercial service agreements.

    KohdistuuNew service contracts in hospitalityWater systemsCrypto mining
  4. Geographic execution riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company is operating in Hong Kong, Singapore, and other Asian markets after exiting the PRC.

    KohdistuuCross-border deliveryComplianceMarket-entry execution

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition under ASC 606

Service agreements include recurring subscription and service fees paid over time, so timing of performance obligations matters.

Vaikutus: Affects when contract value becomes reported revenue

Fair value measurement of digital assets

Bitcoin holdings are marked through earnings, creating large non-operating swings.

Vaikutus: Can materially affect net income and equity

Contract receivables and collectability

The company has received partial upfront/ongoing payments under service agreements.

Vaikutus: Affects revenue quality and cash conversion

Legal and professional fee accruals

Reported G&A includes litigation-related and professional fees that can vary period to period.

Vaikutus: Influences operating expense comparability

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026