- Nextracker (NXT, Financial) reports record Q4 FY25 revenue of $924 million, marking a 26% increase year-over-year.
- Launches Electrical Balance of Systems (eBOS) business with the acquisition of Bentek Corporation for approximately $78 million.
- Projected FY2026 revenue between $3.2 billion to $3.4 billion with an adjusted EBITDA of $700 to $775 million.
Nextracker (NXT), a leading provider of solar technology solutions, disclosed strong financial outcomes for the fourth quarter and fiscal year 2025, which concluded on March 31, 2025. The company achieved a record fourth-quarter revenue of $924 million, reflecting a 26% increase compared to the previous year. This growth was bolstered by robust demand for its solar tracker products, including the NX Horizon™ Hail Pro™ series and the NX Horizon-XTR™ series, which cater to environments prone to extreme weather.
The fiscal year 2025 ended with a total revenue of approximately $3 billion, demonstrating an 18% increase year-over-year. Nextracker also significantly expanded its backlog, surpassing $4.5 billion. The company ended the year with a free cash flow of $622 million and over $766 million in cash reserves, with no debt, enabling continued strategic investments.
The acquisition of Bentek Corporation marks Nextracker’s strategic entry into the Electrical Balance of Systems (eBOS) sector. This acquisition, valued at about $78 million, will enhance Nextracker's offerings by integrating Bentek's engineered eBOS solutions with its solar tracker platform, thus providing customers with a streamlined procurement process.
Looking forward to fiscal year 2026, Nextracker projects revenue between $3.2 billion to $3.4 billion, with a GAAP net income ranging from $445 million to $503 million. The company also forecasts an adjusted EBITDA of $700 million to $775 million, excluding certain costs such as stock-based compensation and acquisition-related expenses.
With ongoing product advancements and strategic expansions, Nextracker is poised for continued growth, further strengthening its position within the global solar technology market. The company anticipates strong global demand and plans to continue investment in its platform and capabilities to meet market needs.
