---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-140764"
form_type: "8-K"
ticker: "NXT"
cik: "0001852131"
company_name: "Nextpower Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:04:56.751921+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nextracker FY23 revenue $1.9B (+30% YoY); GAAP net income $121.3M

## Summary
- FY23 revenue $1.9 billion, up 30% year-over-year; GAAP net income $121.3 million.
- Adjusted EBITDA for FY23 was $209.0 million; adjusted net income $153.1 million.
- Q4 revenue $518.4 million; GAAP net income $27.5 million; adjusted EBITDA $72.5 million.
- Q4 adjusted net income $55.9 million.

## SEC filing metadata
- accession: 0001193125-23-140764
- form_type: 8-K
- ticker: NXT
- cik: 0001852131
- company_name: Nextpower Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852131/000119312523140764/0001193125-23-140764-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852131/000119312523140764/d442540d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-140764
- JSON: https://secwatch.observer/filing/0001193125-23-140764.json
- Plain text: https://secwatch.observer/filing/0001193125-23-140764.txt

## Key facts
- Earnings Releases
  Nextpower Inc. reported the fiscal year ended March 31, 2023 results: revenue $1.9 billion, net income $121.3 million.
  - Period: the fiscal year ended March 31, 2023
  - Revenue: $1.9 billion
  - Net income: $121.3 million
  - Result: reported results
  source text: Full Year Fiscal 2023 Financial Highlights • Revenue of $1.9 billion • GAAP net income of $121.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000119312523140764/0001193125-23-140764-index.htm
- Earnings Releases
  Nextpower Inc. reported the fiscal fourth quarter ended March 31, 2023 results: revenue $518.4 million, net income $27.5 million.
  - Period: the fiscal fourth quarter ended March 31, 2023
  - Revenue: $518.4 million
  - Net income: $27.5 million
  - Result: reported results
  source text: Fourth Quarter Fiscal 2023 Financial Highlights • Revenue of $518.4 million • GAAP net income of $27.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000119312523140764/0001193125-23-140764-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.