Nextracker reports record Q4 revenue $924M (+26% YoY); launches eBOS business with Bentek acquisition

Nextpower Inc.

2025-FY EPS reported $3.47 vs consensus $0.94 ▲ beat (+268.9%)

Q4 revenue $924M (+26% YoY); GAAP diluted EPS $1.05; adjusted diluted EPS $1.29.
FY25 revenue ~$3B (+18% YoY); backlog increased to significantly above $4.5B.
Launched eBOS business via acquisition of Bentek; expands product portfolio.
Director Jonathan Coslet not standing for reelection; Board reduces from 9 to 8.
IRA 45X credits of $75M contributed to Q4 gross profit; record TrueCapture bookings.

item 2.02 item 5.02 item 9.01

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Departed

Jonathan Coslet

Director

NXT · Nextpower Inc.

Filed: May 14, 2025, 7:59 PM ET

On May 9, 2025, Jonathan Coslet, a member of the Board of Directors of the Company (the “Board”), notified the Company of his decision to not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will be departing as a director immediately following the 2025 Annual Meeting.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Coslet departed as Director at Nextpower Inc..

Action: not stand for reelection
Role: Director

Exact text from the filing

On May 9, 2025, Jonathan Coslet, a member of the Board of Directors of the Company (the “Board”), notified the Company of his decision to not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will be departing as a director immediately following the 2025 Annual Meeting.

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Nextpower Inc. filing history →

Source: SEC EDGAR

accession 0001852131-25-000017

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