PerpEquities

Equity · Technology

Nextpower Inc. (NXT) perpetual futures

NXT perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade NXTUSDT.

Nextpower Inc. tracked across crypto venues with normalized contract specifications.

$81.38-0.9%NASDAQ closed
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Collecting venue price data...
venue perp mark · Gate.io (NXT/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$1.3K
Open interest
$13.8K
Best liquidity
-
Tightest spread
+50.3 bps
Gate.io
Highest volume
$1.3K
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeNXT/USDTTrading$81.380.0% APR
0.000% every 8h		+50.3 bps-$1.3K$13.8KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

NXT
Gate.io · NXT/USDT+50.3 bps

Highest volume

NXT
Gate.io · NXT/USDT$1.3K

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$12.4B
Updated 1h ago
Revenue
$3.6B
Trailing 12 months
Revenue growth
+22%
Next fiscal year
Profit margin
+16.4%
P/E
20.6
Peer P/E 17.5
Free cash flow
$550.7M
Trailing 12 months
More metrics
Net income
$594.1M
Trailing 12 months
P/S
3.4
Peer P/E
17.5
Similar listed perps
Revenue estimate
$4.3B
Next fiscal year
Earnings
2026-10-22
Revenue est. $1.1B · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$3.6B
Net margin+16.5%
Free cash flow$511.6M
Net debt-$1B
2021$1.2B
2022$1.5B
2023$1.9B
2024$2.5B
2025$3B
2026$3.6B
PeriodRevenueGrowthNet incomeFCF
2021$1.2B+2%$124.3M$91.3M
2022$1.5B+22%$50.9M-$153M
2023$1.9B+30%$118.9M$104.5M
2024$2.5B+31%$306.2M$422.3M
2025$3B+18%$509.2M$621.9M
2026$3.6B+20%$585.9M$511.6M
PeriodGross marginOperating marginNet marginROEROA
2021+19.4%+13.3%+10.4%+27.3%+14.1%
2022+10.1%+4.5%+3.5%+10.2%+5.0%
2023+15.1%+8.9%+6.3%-3.9%+8.4%
2024+27.7%+23.5%+12.3%+31.9%+12.2%
2025+33.7%+21.6%+17.2%+31.3%+15.9%
2026+32.6%+19.6%+16.5%+25.1%+14.4%
PeriodCashDebtNet debtCurrent ratio
2021$190.6M$4.5M-$186.1M1.49
2022$29.1M$4.5M-$24.6M1.50
2023$130M$150.5M$20.5M1.72
2024$474.1M$169M-$305M1.98
2025$766.1M$34.1M-$732M2.09
2026$1.1B$52.9M-$1B2.45
PeriodMarket capEnterprise valueP/SP/E
2021$1.2B$1B1.09.6
2022$1.4B$1.4B1.027.9
2023$1.7B$1.7B0.91,456.2
2024$4.3B$4B1.714.2
2025$6B$5.3B2.011.9
2026$17.8B$16.8B5.030.4
Q2 2025$635.6M
Q3 2025$679.4M
Q4 2025$924.3M
Q1 2026$864.3M
Q2 2026$905.3M
Q3 2026$909.4M
Q4 2026$880.5M
Q1 2027$935.2M
PeriodRevenueGrowthNet incomeFCF
Q2 2025$635.6M+11%$115.4M$141.8M
Q3 2025$679.4M-4%$115.3M$134.9M
Q4 2025$924.3M+26%$156.8M$227.2M
Q1 2026$864.3M+20%$157.2M$70.1M
Q2 2026$905.3M+42%$146.9M$171.4M
Q3 2026$909.4M+34%$131.2M$120.5M
Q4 2026$880.5M-5%$150.6M$153.6M
Q1 2027$935.2M+8%$165.4M$105.2M
PeriodGross marginOperating marginNet marginROEROA
Q2 2025+35.2%+21.0%+18.2%+9.1%+4.2%
Q3 2025+35.1%+22.1%+17.0%+8.2%+3.9%
Q4 2025+33.1%+21.1%+17.0%+9.6%+4.9%
Q1 2026+32.1%+21.7%+18.2%+8.7%+4.6%
Q2 2026+32.2%+20.3%+16.2%+7.4%+4.0%
Q3 2026+31.5%+19.4%+14.4%+6.1%+3.5%
Q4 2026+33.8%+17.4%+17.1%+6.5%+3.7%
Q1 2027+35.9%+20.4%+17.7%+6.5%+3.9%
PeriodCashDebtNet debtCurrent ratio
Q2 2025$561.9M$146.1M-$415.8M2.21
Q3 2025$693.5M$145.3M-$548.2M2.20
Q4 2025$766.1M$34.1M-$732M2.09
Q1 2026$743.4M$26.6M-$716.8M2.16
Q2 2026$845.3M$45.7M-$799.6M2.18
Q3 2026$952.6M$44.8M-$907.8M2.36
Q4 2026$1.1B$52.9M-$1B2.45
Q1 2027$1.2B$0-$1.2B2.69
PeriodMarket capEnterprise valueP/SP/E
Q2 2025$5.6B$5.2B8.811.9
Q3 2025$5.2B$4.7B7.711.4
Q4 2025$6.1B$5.4B6.69.8
Q1 2026$8.6B$7.9B10.013.8
Q2 2026$10.8B$10B11.918.5
Q3 2026$12.9B$12B14.224.7
Q4 2026$17.9B$16.9B20.329.8
Q1 2027$17B$15.8B18.225.6

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$935.2MQ1 2027
$233.8M$467.6M$701.4M$935.2MQ2 2024: $573.4MQ3 2024: $710.4MQ4 2024: $736.5MQ1 2025: $719.9MQ2 2025: $635.6MQ3 2025: $679.4MQ4 2025: $924.3MQ1 2026: $864.3MQ2 2026: $905.3MQ3 2026: $909.4MQ4 2026: $880.5MQ1 2027: $935.2MQ2 2024Q1 2027
Net income$165.4MQ1 2027
$51.3M$102.6M$153.9M$205.2MQ2 2024: $39.3MQ3 2024: $41.4MQ4 2024: $205.2MQ1 2025: $121.7MQ2 2025: $115.4MQ3 2025: $115.3MQ4 2025: $156.8MQ1 2026: $157.2MQ2 2026: $146.9MQ3 2026: $131.2MQ4 2026: $150.6MQ1 2027: $165.4MQ2 2024Q1 2027
EBITDA$199.2MQ1 2027
$71.3M$142.6M$214M$285.3MQ2 2024: $86.4MQ3 2024: $167.9MQ4 2024: $285.3MQ1 2025: $156.2MQ2 2025: $143.8MQ3 2025: $168.4MQ4 2025: $206.1MQ1 2026: $198MQ2 2026: $190.8MQ3 2026: $189.3MQ4 2026: $169MQ1 2027: $199.2MQ2 2024Q1 2027
Free cash flow$105.2MQ1 2027
$56.8M$113.6M$170.4M$227.2MQ2 2024: $26.2MQ3 2024: $62.4MQ4 2024: $108.7MQ1 2025: $118MQ2 2025: $141.8MQ3 2025: $134.9MQ4 2025: $227.2MQ1 2026: $70.1MQ2 2026: $171.4MQ3 2026: $120.5MQ4 2026: $153.6MQ1 2027: $105.2MQ2 2024Q1 2027
EPS$1.07Q1 2027
$0.37$0.74$1.11$1.48Q2 2024: $0.55Q3 2024: $0.28Q4 2024: $1.48Q1 2025: $0.82Q2 2025: $0.79Q3 2025: $0.79Q4 2025: $1.05Q1 2026: $1.04Q2 2026: $0.97Q3 2026: $0.85Q4 2026: $0.97Q1 2027: $1.07Q2 2024Q1 2027
Cash / Debt$1.2BQ1 2027
$303.5M$606.9M$910.4M$1.2BQ2 2024 · Cash: $372.9MQ2 2024 · Debt: $145.6MQ3 2024 · Cash: $367.8MQ3 2024 · Debt: $144.8MQ4 2024 · Cash: $474.1MQ4 2024 · Debt: $169MQ1 2025 · Cash: $471.9MQ1 2025 · Debt: $146.9MQ2 2025 · Cash: $561.9MQ2 2025 · Debt: $146.1MQ3 2025 · Cash: $693.5MQ3 2025 · Debt: $145.3MQ4 2025 · Cash: $766.1MQ4 2025 · Debt: $34.1MQ1 2026 · Cash: $743.4MQ1 2026 · Debt: $26.6MQ2 2026 · Cash: $845.3MQ2 2026 · Debt: $45.7MQ3 2026 · Cash: $952.6MQ3 2026 · Debt: $44.8MQ4 2026 · Cash: $1.1BQ4 2026 · Debt: $52.9MQ1 2027 · Cash: $1.2BQ1 2027 · Debt: $0Q2 2024Q1 2027
CashDebt
Profitability+35.9%Q1 2027
+9.2%+18.4%+27.6%+36.8%Q2 2024 · Gross margin: +26.0%Q3 2024 · Gross margin: +29.5%Q4 2024 · Gross margin: +29.7%Q1 2025 · Gross margin: +32.9%Q2 2025 · Gross margin: +35.2%Q3 2025 · Gross margin: +35.1%Q4 2025 · Gross margin: +33.1%Q1 2026 · Gross margin: +32.1%Q2 2026 · Gross margin: +32.2%Q3 2026 · Gross margin: +31.5%Q4 2026 · Gross margin: +33.8%Q1 2027 · Gross margin: +35.9%Q2 2024 · Operating margin: +16.4%Q3 2024 · Operating margin: +20.9%Q4 2024 · Operating margin: +36.8%Q1 2025 · Operating margin: +22.4%Q2 2025 · Operating margin: +21.0%Q3 2025 · Operating margin: +22.1%Q4 2025 · Operating margin: +21.1%Q1 2026 · Operating margin: +21.7%Q2 2026 · Operating margin: +20.3%Q3 2026 · Operating margin: +19.4%Q4 2026 · Operating margin: +17.4%Q1 2027 · Operating margin: +20.4%Q2 2024 · Net margin: +6.8%Q3 2024 · Net margin: +5.8%Q4 2024 · Net margin: +27.9%Q1 2025 · Net margin: +16.9%Q2 2025 · Net margin: +18.2%Q3 2025 · Net margin: +17.0%Q4 2025 · Net margin: +17.0%Q1 2026 · Net margin: +18.2%Q2 2026 · Net margin: +16.2%Q3 2026 · Net margin: +14.4%Q4 2026 · Net margin: +17.1%Q1 2027 · Net margin: +17.7%Q2 2024Q1 2027
Gross marginOperating marginNet margin
Revenue growth+8.2%Q1 2027
+7.1%+18.8%+30.6%+42.4%Q2 2025: +10.9%Q3 2025: -4.4%Q4 2025: +25.5%Q1 2026: +20.0%Q2 2026: +42.4%Q3 2026: +33.9%Q4 2026: -4.7%Q1 2027: +8.2%Q2 2024Q1 2027
Shares outstanding155.1MQ1 2027
38.8M77.6M116.4M155.1MQ2 2024: 147.1MQ3 2024: 147.3MQ4 2024: 148.1MQ1 2025: 149.2MQ2 2025: 149.1MQ3 2025: 149MQ4 2025: 149.7MQ1 2026: 150.9MQ2 2026: 152MQ3 2026: 153.9MQ4 2026: 154.7MQ1 2027: 155.1MQ2 2024Q1 2027
Valuation25.6Q1 2027
7.514.922.429.8Q2 2024 · P/E: 15.7Q3 2024 · P/E: 17.5Q4 2024 · P/E: 9.5Q1 2025 · P/E: 13.6Q2 2025 · P/E: 11.9Q3 2025 · P/E: 11.4Q4 2025 · P/E: 9.8Q1 2026 · P/E: 13.8Q2 2026 · P/E: 18.5Q3 2026 · P/E: 24.7Q4 2026 · P/E: 29.8Q1 2027 · P/E: 25.6Q2 2024 · P/S: 4.3Q3 2024 · P/S: 4.1Q4 2024 · P/S: 5.9Q1 2025 · P/S: 9.3Q2 2025 · P/S: 8.8Q3 2025 · P/S: 7.7Q4 2025 · P/S: 6.6Q1 2026 · P/S: 10.0Q2 2026 · P/S: 11.9Q3 2026 · P/S: 14.2Q4 2026 · P/S: 20.3Q1 2027 · P/S: 18.2Q2 2024Q1 2027
P/EP/S
Revenue$3.6B2026
$889.8M$1.8B$2.7B$3.6B2019: $660.7M2020: $1.2B2021: $1.2B2022: $1.5B2023: $1.9B2024: $2.5B2025: $3B2026: $3.6B20192026
Net income$585.9M2026
$145.3M$292.1M$439M$585.9M2019: -$1.6M2020: $118.3M2021: $124.3M2022: $50.9M2023: $118.9M2024: $306.2M2025: $509.2M2026: $585.9M20192026
EBITDA$747.1M2026
$186.8M$373.5M$560.3M$747.1M2019: $19.7M2020: $166.9M2021: $175.3M2022: $90M2023: $174.6M2024: $626.2M2025: $674.5M2026: $747.1M20192026
Free cash flow$511.6M2026
$40.7M$234.4M$428.1M$621.9M2019: -$18.4M2020: $239.3M2021: $91.3M2022: -$153M2023: $104.5M2024: $422.3M2025: $621.9M2026: $511.6M20192026
EPS$3.842026
$0.93$1.9$2.87$3.842019: -$0.042020: $3.072021: $3.232022: $1.112023: $0.012024: $3.372025: $3.472026: $3.8420192026
Cash / Debt$1.1B2026
$273.7M$547.5M$821.2M$1.1B2019 · Cash: $14.4M2019 · Debt: $02020 · Cash: $3M2020 · Debt: $5.4M2021 · Cash: $190.6M2021 · Debt: $4.5M2022 · Cash: $29.1M2022 · Debt: $4.5M2023 · Cash: $130M2023 · Debt: $150.5M2024 · Cash: $474.1M2024 · Debt: $169M2025 · Cash: $766.1M2025 · Debt: $34.1M2026 · Cash: $1.1B2026 · Debt: $52.9M20192026
CashDebt
Profitability+32.6%2026
+8.3%+16.7%+25.2%+33.7%2019 · Gross margin: +8.6%2020 · Gross margin: +18.2%2021 · Gross margin: +19.4%2022 · Gross margin: +10.1%2023 · Gross margin: +15.1%2024 · Gross margin: +27.7%2025 · Gross margin: +33.7%2026 · Gross margin: +32.6%2019 · Operating margin: +0.2%2020 · Operating margin: +12.7%2021 · Operating margin: +13.3%2022 · Operating margin: +4.5%2023 · Operating margin: +8.9%2024 · Operating margin: +23.5%2025 · Operating margin: +21.6%2026 · Operating margin: +19.6%2019 · Net margin: -0.2%2020 · Net margin: +10.1%2021 · Net margin: +10.4%2022 · Net margin: +3.5%2023 · Net margin: +6.3%2024 · Net margin: +12.3%2025 · Net margin: +17.2%2026 · Net margin: +16.5%20192026
Gross marginOperating marginNet margin
Revenue growth+20.3%2026
+19.3%+38.6%+58.0%+77.3%2020: +77.3%2021: +2.1%2022: +21.9%2023: +30.5%2024: +31.4%2025: +18.4%2026: +20.3%20192026
Shares outstanding152.7M2026
38.2M76.4M114.5M152.7M2019: 38.5M2020: 38.5M2021: 38.5M2022: 45.9M2023: 145.9M2024: 147.3M2025: 149.3M2026: 152.7M20192026
Valuation30.42026
-199.1352.7904.51,456.22019 · P/E: -750.82020 · P/E: 10.12021 · P/E: 9.62022 · P/E: 27.92023 · P/E: 1,456.22024 · P/E: 14.22025 · P/E: 11.92026 · P/E: 30.42019 · P/S: 1.82020 · P/S: 1.02021 · P/S: 1.02022 · P/S: 1.02023 · P/S: 0.92024 · P/S: 1.72025 · P/S: 2.02026 · P/S: 5.020192026
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-22
Revenue est. $1.1B · Updated 1h ago

No unusual perp activity right now.

FMP reference data

Market context

Reference market

Closed
NASDAQ
Regular hours
09:30 AM – 04:00 PM
Next holiday
Nov 26, 2026 · Thanksgiving Day

After-hours reference

Bid80.02
Ask81.71
Volume667

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20274.68$4.3B+22%13
FY 20285.72$5.2B+45%13
FY 20296.91$5.9B+66%8
FY 20307.86$6.7B+89%3
FY 20318.96$7.4B+108%4
Q3 20281.59$1.4B+56%6

Company events

6
2026-10-22EarningsActual - / Estimate 1.1-
2026-07-30EarningsActual 1.2 / Estimate 1.05Beat
2026-05-12EarningsActual 1.05 / Estimate 0.92Beat
2026-01-27EarningsActual 1.1 / Estimate 0.93Beat
2025-10-23EarningsActual 1.19 / Estimate 1.06Beat
2025-07-29EarningsActual 1.16 / Estimate 1.03Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
AUR$12.4B2,479.0-13.4-18,000.0%1GRAB$12.7B3.421.9+16.0%3TTMI$13.1B3.955.2+7.0%3QNT$13.2B426.6-20.8-1,452.5%17AMKR$13.2B1.823.8+7.4%4DEMINGLI$13.3B3.813.1+28.9%1MINIMAX$11.1B140.7-5.8-2,368.0%21TFME$13.8B3.036.8+8.2%1

Analyst track record

How the analysts covering NXT have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings160377
Analysts2941
Buy / hold / sell128 / 32 / 0304 / 73 / 0
Upgrades / downgrades / initiations6 / 1 / 915 / 7 / 25
Price targets hit / missed5 / 143 (3%)206 / 144 (59%)
Avg. return after a rating (TipRanks)-31.9%+9.2%
Best / worst call+7.6% / -54.6%+99.5% / -54.6%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 22, 2026Ben KalloRobert W. BairdBuyMaintained$116article ↗
Sep 11, 2026Christine Cho CFABarclaysBuyMaintained$147article ↗
Sep 8, 2026Dimple GosaiBank of America SecuritiesBuyInitiated$116article ↗
Sep 8, 2026Unknown AnalystPiper SandlerBuyInitiated$116article ↗
Aug 4, 2026Gordon JohnsonGLJ ResearchBuyReiterated$149article ↗

TipRanks data via FMP · computed Sep 24, 2026 · 160 ratings

Frequently asked questions

Where can I trade NXT perpetual futures?

Nextpower Inc. (NXT) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade NXT around the clock?

Yes. Unlike the underlying stock, NXT perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on NXT perpetuals?

Right now the NXT perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the NXT perp price compare to the Nextpower Inc. stock?

The venue-median NXT perp mark is $81.4 versus a reference stock price of $81.4, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a NXT perpetual future?

A NXT perpetual is a derivative that tracks the price of Nextpower Inc. with no expiry date. It lets you take long or short exposure to Nextpower Inc. on crypto venues, around the clock.

What is NXTUSDT perpetual?

NXTUSDT is the symbol most crypto exchanges use for the Nextpower Inc. perpetual settled in USDT (Tether). It tracks the NXT share price through an index, trades 24/7 with leverage and never expires.

Other Technology perps

Also listed on Gate.io

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