Discontinued — last reported Q1 '25

Operating

Provision for Credit Losses

Nextpower Inc. Provision for Credit Losses remained flat by 0.0% to $151.50K in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 125.3%, from -$599.75K to $151.50K. Over 4 years (FY 2022 to FY 2026), Provision for Credit Losses shows an upward trend with a -19.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2025

How to read this metric

An increase suggests management expects higher default rates or a deteriorating credit environment, while a decrease suggests improved borrower quality.

Detailed definition

This represents the non-cash expense set aside by a financial institution to cover potential losses from loans or credit...

Peer comparison

Common in banking and credit card issuers; peers adjust this based on macroeconomic forecasts and portfolio seasoning.

Metric ID: provision_for_credit_losses_cf

Historical Data

5 years
 FY'22FY'23FY'24FY'25FY'26
Value-$1.43M$1.24M$2.43M-$2.40M$606.00K
YoY Change—+187.0%+95.3%-198.8%+125.3%
Range-$2.40M – $2.43M
CAGR-19.3%
Avg YoY Growth+52.2%
Median YoY Growth+110.3%

Frequently Asked Questions

What is Nextpower Inc. 's provision for credit losses?
Nextpower Inc. (NXT) reported provision for credit losses of $151.50K in Q1 2026.
How has Nextpower Inc. 's provision for credit losses changed year-over-year?
Nextpower Inc. 's provision for credit losses increased by 125.3% year-over-year, from -$599.75K to $151.50K.
What is the long-term trend for Nextpower Inc. 's provision for credit losses?
Over 4 years (2022 to 2026), Nextpower Inc. 's provision for credit losses has grown at a -19.3% compound annual growth rate (CAGR), from -$1.43M to $606.00K.
What does provision for credit losses mean?
The amount of money a lender sets aside to cover expected losses from unpaid debts.