Nexalin Technology, Inc. (NXL) Income Statement
NXL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNXL revenue and net income
Where NXL's revenue goes
2025Each bar shows an amount and its share of revenue. NXL kept −2,725.8% of revenue as net income.
NXL profit margins
NXL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +78.8% | −38.9% | +4.4% | — |
| Gross profit | +81.8% | −36.9% | +2.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NXL quarterly EPS vs estimates
Nexalin Technology beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 13, 2026 (estimate $-2.91).
NXL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $301,647 | $168,721 | $110,748 | $1.3M | $144,065 | $242,914 | $207,383 |
| Cost of revenue | $61,373 | $36,593 | $25,688 | $363,212 | $21,442 | $29,039 | $218,210 |
| Gross profit | $240,274 | $132,128 | $85,060 | $958,145 | $122,623 | $213,875 | −$10,827 |
| Research & development | $1.1M | $1.2M | $1.9M | $511,000 | $139,000 | — | — |
| Sales, general & admin | $7.5M | $6.7M | $3.9M | $2.8M | $6.1M | $3.5M | $1.5M |
| Total operating expenses | $8.6M | $7.9M | $5.8M | $2.8M | $6.1M | $3.5M | $1.5M |
| Operating income | −$8.4M | −$7.8M | −$5.7M | −$1.8M | −$6.0M | −$3.3M | −$1.5M |
| Interest income | $8,240 | — | — | — | — | — | — |
| Interest expense | — | $3,193 | $38,835 | $59,382 | $82,319 | $78,681 | $80,989 |
| Income before taxes | −$8.2M | −$7.6M | −$4.6M | −$1.7M | −$6.1M | −$3.4M | −$5.0M |
| Income taxes | $1,048 | −$4,851 | −$4 | $227,997 | $82,319 | $78,681 | $5 |
| Net income | −$8.2M | −$7.6M | −$4.6M | −$1.7M | −$6.1M | −$3.4M | −$5.0M |
| EBITDA | −$8.2M | −$7.6M | −$4.6M | −$1.6M | −$6.0M | −$3.3M | −$1.5M |
| EPS (diluted) | −$0.51 | −$4.85 | −$15.93 | −$0.27 | −$0.06 | −$24.35 | — |
| Gross margin | 79.7% | 78.3% | 76.8% | 72.5% | 85.1% | 88.0% | −5.2% |
| Operating margin | −2,781.7% | −4,596.1% | −5,143.5% | −138.7% | −4,177.7% | −1,341.4% | −707.0% |
| Net margin | −2,725.8% | −4,508.7% | −4,197.6% | −128.5% | −4,218.9% | −1,401.1% | −2,421.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12,161 | $14,950 | $171,895 | $18,149 | $70,588 | $41,015 | $27,179 | $36,031 | $26,840 | $78,671 | $20,536 | $24,113 |
| Cost of revenue | $3,264 | $511,220 | $21,029 | $3,948 | $22,838 | $13,558 | $7,496 | $12,694 | $7,247 | $9,156 | $5,231 | $3,973 |
| Gross profit | $8,897 | −$496,270 | $150,866 | $14,201 | $47,750 | $27,457 | $19,683 | $23,337 | $19,593 | $69,515 | $15,305 | $20,140 |
| Research & development | $564,480 | $346,382 | $224,940 | $226,520 | $225,774 | $406,288 | $737,357 | $178,565 | $169,409 | $105,668 | $79,659 | $1.6M |
| Sales, general & admin | $1.0M | $1.3M | $2.3M | $2.1M | $1.4M | $1.6M | $1.7M | $2.5M | $240,967 | $1.0M | $282,033 | $127,202 |
| Total operating expenses | $2.3M | $1.6M | $2.6M | $2.4M | $1.7M | $2.0M | $2.9M | $2.5M | $1.3M | $1.1M | $1.6M | $2.4M |
| Operating income | −$2.2M | −$2.1M | −$2.4M | −$2.3M | −$1.6M | −$2.0M | −$2.9M | −$2.5M | −$1.3M | −$1.1M | −$1.6M | −$2.4M |
| Interest income | $129 | $34 | — | — | $4,690 | $1,103 | — | — | $66 | $304 | — | — |
| Interest expense | — | — | — | — | — | $370 | $370 | $1,000 | $2,259 | $304 | $19,150 | $5,330 |
| Income before taxes | −$2.2M | −$2.1M | −$2.4M | −$2.3M | −$1.6M | −$2.0M | −$2.8M | −$2.4M | −$1.3M | −$1.0M | −$780,669 | −$2.3M |
| Income taxes | — | — | — | — | — | $1,048 | −$4,846 | −$1,293 | $1,291 | −$3 | $3 | $46,065 |
| Net income | −$2.2M | −$2.1M | −$2.4M | −$2.3M | −$1.6M | −$2.0M | −$2.8M | −$2.4M | −$1.3M | −$1.0M | −$780,669 | −$2.3M |
| EBITDA | −$2.2M | −$2.1M | −$2.4M | −$2.3M | −$1.6M | −$2.0M | −$2.8M | −$2.4M | −$1.3M | −$1.0M | −$759,772 | −$2.3M |
| EPS (diluted) | −$0.11 | −$0.11 | −$0.13 | −$0.13 | −$0.10 | −$0.15 | −$0.25 | −$0.23 | −$0.17 | −$4.20 | −$3.15 | −$9.29 |
| Gross margin | 73.2% | −3,319.5% | 87.8% | 78.2% | 67.6% | 66.9% | 72.4% | 64.8% | 73.0% | 88.4% | 74.5% | 83.5% |
| Operating margin | −18,479.7% | −14,179.9% | −1,403.9% | −12,924.3% | −2,296.2% | −4,903.6% | −10,579.5% | −6,962.1% | −4,832.4% | −1,364.8% | −7,910.4% | −10,017.6% |
| Net margin | −18,412.7% | −14,025.7% | −1,382.6% | −12,542.3% | −2,239.7% | −4,847.8% | −10,424.5% | −6,794.9% | −4,785.7% | −1,323.4% | −3,801.5% | −9,526.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NXL's financial statements (latest annual report filed March 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NXL financial results
In fiscal year 2025 (ended December 31, 2025), Nexalin Technology reported revenue of $0.3 million, up 78.8% from the year before. It had a net loss of $8.2 million, a net profit margin of −2,725.8%. Diluted earnings per share came to −$0.51. Over five years revenue grew at an average rate of 4.4% a year.
See the NXL stock overview for the latest quote and news, or the NXL chart for price history and technical indicators.
NXL income statement FAQ
What is Nexalin Technology's annual revenue?
Nexalin Technology reported total revenue of $0.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 78.8% from $0.2 million the previous year.
Is Nexalin Technology profitable?
No. Nexalin Technology reported a net loss of $8.2 million in fiscal 2025, a net profit margin of −2,725.8%; its operating margin was −2,781.7%.
What is Nexalin Technology's gross margin?
Nexalin Technology's gross margin was 79.7% in fiscal 2025: for every $100 of revenue, Nexalin Technology kept $80 after the direct cost of its products and services.
How much does Nexalin Technology spend on research and development?
Nexalin Technology spent $1.1 million on research and development in fiscal 2025, 359.2% of revenue.
How fast is Nexalin Technology growing?
Revenue grew 4.4% a year on average over the last five fiscal years, from $0.2 million to $0.3 million.
What are Nexalin Technology's earnings per share?
Nexalin Technology earned $-0.51 per diluted share in fiscal 2025, compared with $-4.85 a year earlier.
When will Nexalin Technology report its next earnings?
Nexalin Technology is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Nexalin Technology's fiscal year end?
Nexalin Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 25, 2026.