Business
Nextracker Reports Q4 and Fiscal Year 2025 Financial Results
Record Q4 FY25 Revenue of $924 Million, a 26% Increase Year-over-Year Launches Electrical Balance of Systems (eBOS) Business With Acquisition of Bentek
About this update from Nextpower Inc.
[{"type":"text","content":"\nRecord Q4 FY25 Revenue of $924 Million, a 26% Increase Year-over-Year\n\nLaunches Electrical Balance of Systems (eBOS) Business With Acquisition of Bentek\n\n FREMONT, Calif.--(BUSINESS WIRE)--\nNextracker (Nasdaq: NXT), a leading solar technology platform provider, today announced financial results for the fourth quarter and full year results for fiscal year 2025, ended March 31, 2025.\n\n\n\nFinancial Summary\n(In millions, except per share)\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n\nQ4 FY25\n\n\n\n\nQ3 FY25\n\n\n\n\nQ4 FY24\n\n\n\n\n\nRevenue\n\n\n\n\n$924\n\n\n\n\n$679\n\n\n\n\n$737\n\n\n\n\n\nGAAP Gross Profit\n\n\n\n\n$306\n\n\n\n\n$241\n\n\n\n\n$340\n\n\n\n\n\nGAAP Gross Margin\n\n\n\n\n33.1%\n\n\n\n\n35.5%\n\n\n\n\n46.2%\n\n\n\n\n\nGAAP Net Income\n\n\n\n\n$158\n\n\n\n\n$117\n\n\n\n\n$223\n\n\n\n\n\nGAAP Net Income Margin\n\n\n\n\n17.1%\n\n\n\n\n17.3%\n\n\n\n\n30.3%\n\n\n\n\n\nGAAP Diluted EPS\n\n\n\n\n$1.05\n\n\n\n\n$0.79\n\n\n\n\n$1.51\n\n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n\nAdjusted Gross Profit\n\n\n\n\n$309\n\n\n\n\n$245\n\n\n\n\n$222\n\n\n\n\n\nAdjusted Gross Margin\n\n\n\n\n33.4%\n\n\n\n\n36.0%\n\n\n\n\n30.2%\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n$242\n\n\n\n\n$186\n\n\n\n\n$160\n\n\n\n\n\nAdjusted EBITDA Margin\n\n\n\n\n26.2%\n\n\n\n\n27.4%\n\n\n\n\n21.7%\n\n\n\n\n\nAdjusted Net Income\n\n\n\n\n$193\n\n\n\n\n$154\n\n\n\n\n$142\n\n\n\n\n\nAdjusted Diluted EPS\n\n\n\n\n$1.29\n\n\n\n\n$1.03\n\n\n\n\n$0.96\n\n\n\n\n\n*\n\n \n\n\n\nQ4 FY25 and Q3 FY25 GAAP and adjusted results include approximately $75 million and $52 million, respectively, of IRA 45X advanced manufacturing tax credit vendor rebates (“45X credits”). Q4 FY24 adjusted results do not include 45X credits, Q4 FY24 GAAP results include $121 million of 45X credits.\n\n\n\n\n\n\n \n\n\n\n\nPlease refer to Nextracker’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K for more information on 45X credits and schedules III, IV and V attached to this press release for a reconciliation of non-GAAP to GAAP financial measures. Additional information can be found on the Investor Relations section of our website.\n\n\nBusiness Highlights\n\n\nAchieved record revenue of approximately $3 billion and increased backlog again in Q4 to significantly above $4.5 billion. YoY revenue increased approximately 18%\n\n\nRealized significant up...