Next Technology swings to net loss of $135.6 million in 1H FY26; revenue rises to $1.31 million in 1H FY26

Reuters2026/07/24 20:35

By:Reuters

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Next Technology Holding reported a net loss of $135.56 million for the six months ended June 30, 2026, swinging from net income of $312.01 million.
Operating loss widened to $11.44 million from $705,820 as operating expenses jumped 1,582.7% to $11.88 million.
Other expense was $164.64 million versus other income of $395.66 million, driven by an unrealized fair value loss on Bitcoin holdings.
Revenue was $1.31 million versus no revenue, with gross profit of $431,711 and gross margin of 33.1%.
Cash and cash equivalents rose to $159.04 million from $5.62 million, on $155.49 million of net cash provided by financing activities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Next Technology Holding Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-081419), on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Next Technology swings to net loss of $135.6 million in 1H FY26; revenue rises to $1.31 million in 1H FY26

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