Next Hydrogen Solutions Inc. designs and manufactures electrolyzers for clean hydrogen production. The company faces significant financial challenges, reflected in negative gross, EBITDA, and net margins, indicating operational inefficiencies. However, it maintains a solid liquidity position with a current ratio of 1.76, suggesting it can meet short-term obligations. The high debt-to-equity ratio of 1.38 raises concerns about leverage risk. Overall, while the clean energy sector presents growth potential, NXH.V's current financial health warrants caution for investors.
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Company is burning $5.3M per quarter with $12.2M in cash. Approximately 2.3 quarters of runway at current burn rate.
Company posted a loss of $-44.0M over the last year, representing 1267.2% of revenue.
Operating cash flow has been negative for 3 consecutive quarters, burning $21.2M over the last year.
Exceptional revenue growth of 312.4% YoY demonstrates strong market demand and competitive positioning.
Gross margin expanded by 70.8 percentage points, indicating improved pricing power or cost efficiency.
Operating margin expanded by 742.8pp, demonstrating strong operational leverage.
Both gross margin (+70.8pp) and operating margin (+742.8pp) are expanding simultaneously, indicating the company is scaling profitably.
Exceptional gross margin of 78.1% indicates strong pricing power and competitive moat.
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Based on 2026-Q2 (June 30, 2026)