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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›NXL›Financials
Annual statements · SEC XBRL · FY2021 – FY2025

Nexalin Technology, Inc. (NXL) financials

Income statement

Nexalin Technology, Inc. (NXL) income statement, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$144K$1.32M$111K$169K$302K
Revenue growth—817.2%-91.6%52.3%78.8%
Gross profit$123K$958K$85.1K$132K$240K
Gross margin85.1%72.5%76.8%78.3%79.7%
Operating income-$6.02M-$1.83M-$5.70M-$7.75M-$8.39M
Operating margin-4177.7%-138.7%-5143.5%-4596.1%-2781.7%
Net income-$6.08M-$1.70M-$4.65M-$7.61M-$8.22M
Net margin-4218.9%-128.5%-4197.6%-4508.7%-2725.8%
EPS (diluted)—-$0.30-$0.63-$0.83-$0.50

Cash flow

Nexalin Technology, Inc. (NXL) cash flow, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Operating cash flow-$1.08M-$2.22M-$3.84M-$3.94M-$4.96M

Balance sheet

Nexalin Technology, Inc. (NXL) balance sheet, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Cash & equivalents$662K$163K$580K$574K$655K
Total assets$754K$7.43M$3.63M$4.22M$4.64M
Total liabilities$2.44M$1.95M$425K$547K$887K
Shareholders' equity-$1.68M$5.48M$3.21M$3.68M$3.75M
Retained earnings-$70.7M-$72.4M-$77.0M-$84.6M-$92.9M
Shares (wtd avg diluted)4.88M5.57M7.36M9.22M16.4M

Every figure is extracted from Nexalin Technology, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Nexalin Technology, Inc.'s annual revenue?
Nexalin Technology, Inc. (NXL) reported $302K of revenue for fiscal year 2025 — up 78.8% from $169K in FY2024, per its annual report filed with the SEC.
Is Nexalin Technology, Inc. profitable?
Not in FY2025 — NXL reported a net loss of $8.22M, per SEC filings.
Does NXL pay a dividend?
Nexalin Technology, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full NXL analysis — verdict, score & filings →Is NXL a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.