Nextracker 2026年季度报告

Washington, D.C. 20549 Form10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended December31, 2025 Or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from to Commission file number: 001-41617 Nextpower Inc. (Exact name of registrant as specified in its charter) 36-5047383(I.R.S. EmployerIdentification No.) Delaware (State or other jurisdiction ofincorporation or organization) 6200 Paseo Padre Parkway, Fremont, California 94555 (510) 270-2500 Securities registered pursuant to Section12(b)of the Act: Name of each exchange on which registered The Nasdaq Stock Market LLC Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of January 23, 2026, there were 148,475,843 shares of the registrant’s Class A common stock outstanding and no shares of theregistrant’s Class B common stock outstanding. TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1.Financial Statements:2Unaudited Condensed Consolidated Balance Sheets as of December 31, 2025 and March 31, 20252Unaudited Condensed Consolidated Statements of Operations for the three-month and nine-month periodsended December 31, 2025 and December 31, 20243Unaudited Condensed Consolidated Statements of Comprehensive Income for the three-month and nine-monthperiods ended December 31, 2025 and December 31, 20244Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the three-month and nine-monthperiods ended December 31, 2025 and December 31, 20245Unaudited Condensed Consolidated Statements of Cash Flows for the nine-month periods ended December 31,2025 and December 31, 20247Notes to the Unaudited Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3.Quantitative and Qualitative Disclosures About Market Risk34Item 4.Controls and Procedures35 PART II. OTHER INFORMATION Item 1.Legal Proceedings37Item 1A.Risk Factors37Item 2.Unregistered Sales of Equity Securities and Use of Proceeds67Item 3.Defaults Upon Senior Securities67Item 4.Mine Safety Disclosures67Item 5.Other Information67Item 6.Exhibits68Signatures PART I. FINANCIAL INFORMATION Nextpower Inc.Unaudited condensed consolidated balance sheets(In thousands, except share and per share amounts) Nextpower Inc.Unaudited condensed consolidated statements of operations(In thousands, except share and per share amounts) Nextpower Inc.Unaudited condensed consolidated statements of stockholders’equity Nextpower Inc.Unaudited condensed consolidated statements of stockholders’equity (continued) Nextpower Inc.Unaudited condensed consolidated statements of cash flows (In thousands) Table of ContentsNEXTPOWERNotes to the unaudited condensed consolidated financial statements 1.Description of business and organization of Nextpower Inc. Nextpower Inc. and its subsidiaries (“Nextpower”, “we”, the “Company”) is a leading solar technology platform provider used inpower plants around the world. Nextpower’s products enable solar panels to follow the sun’s movement across the sky and optimizeperformance. With products operating in more than forty-five countries worldwide, Nextpower offers solar tracker technologies andinnovative solutions that accelerate solar power plant construction, increase performance, and enhance long-term reliability.Nextpower has operations in the United States, Brazil, Argentina, Peru, Mexico, Spain and other locations in Europe, India, Australia,the Middle East and Africa. In November 2025, the Company changed its corporate name from Nextracker Inc. to Next