What is NXXT's losses on offshore wind?

NXXT (NXXT) reported losses on offshore wind of $982.29K in Q4 2025.

What does losses on offshore wind mean?

Reflects the non-cash charge recognized when the carrying value of a specific long-term project or asset exceeds its recoverable amount. This indicates a loss in the expected economic value of a project, often signaling operational challenges or shifts in strategic viability.

NXXT NXXT Losses on Offshore Wind

Losses on Offshore Wind at other companies

StemSTEM

$4K-99.4%

Other financials

Income statement

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Revenue$21.1M+29.4%

Gross profit$1.7M+230%

Operating income-$10.1M-75.4%

Net income-$10.7M-22.1%

EPS (diluted)-$0.07+95.6%

Balance sheet

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Cash & equivalents$208.0K-90.2%

Total debt$3.4M+4,849%

Total equity-$19.6M-252%

Total assets$12.3M-52.9%

Cash flow

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Operating cash flow-$2.1M+62.8%

CapEx$5.7M+26,892%

Free cash flow-$7.2M-490%

Valuation

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Market cap$55.34M-82.7%

Enterprise value$58.5M-81.6%

P/S0.6×-5.8×

Profitability

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Gross margin9.4%+4.4pp

Operating margin-86%-1,407pp

Net margin-101.1%+60.1pp

FCF margin-43%—

Returns & leverage

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Return on equity-1,208.8%-1,564pp

Debt / equity0.3×-56.1×

Current ratio0.2×0.0×

Where this comes from

Reported directly by NXXT in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfOngoingProject.

The official record: NXXT’s 10-K/A, filed May 11, 2026, on SEC EDGAR. View the filing →

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What is NXXT's losses on offshore wind?: NXXT (NXXT) reported losses on offshore wind of $982.29K in Q4 2025.
What does losses on offshore wind mean?: Reflects the non-cash charge recognized when the carrying value of a specific long-term project or asset exceeds its recoverable amount. This indicates a loss in the expected economic value of a project, often signaling operational challenges or shifts in strategic viability.