Nextracker 2026年度季度报告

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.☐ TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1. Unaudited Condensed Consolidated Balance Sheets as of December 31, 2025 and March 31, 2025Unaudited Condensed Consolidated Statements of Operations for the three-month and nine-month periodsended December 31, 2025 and December 31, 2024 Unaudited Condensed Consolidated Statements of Comprehensive Income for the three-month and nine-monthperiods ended December 31, 2025 and December 31, 2024 PART II. OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of Proceeds PART I. FINANCIAL INFORMATION Unaudited condensed consolidated balance sheets(In thousands, except share and per share amounts) 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, 2.Summary of accounting policies Basis of presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the UnitedStates Securities and Exchange Commission (the “SEC”) for reporting financial information. Accordingly, they do not include all ofthe information and footnotes required by U.S. GAAP for complete financial statements, and should be read in conjunction with theCompany’s audited consolidated financial statements as of and for the fiscal year ended March31, 2025, contained in the Company’sAnnual Report on Form 10-K for the fiscal year ended March 31, 2025 (the “Form 10-K”). In the opinion of management, all The first quarters for fiscal years 2026 and 2025 ended on June 27, 2025 (88 days) and June 28, 2024 (89 days), respectively. Thesecond quarters for fiscal years 2026 and 2025 ended on September 26, 2025 (91 days) and September 27, 2024 (91 days),respectively. The third quarters for fiscal years 2026 and 2025 ended on December 31 of each year, which are comprised of 96 days Translation of foreign currencies The reporting currency of the Company is the United States dollar (“USD”). The functional currency of the Company and itssubsidiaries is primarily the USD. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominatedin a currency other than the functional currency are included in other income, net in the accompanying unaudited condensedconsolidated statements of operations. The Company recognized foreign currency exchange losses of $5.3million and $7.4millionduring the three and nine-month periods ended December31, 2025, respectively, driven by unfavorable exchange rate fluctuations in Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financialstatements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from contingencies, operation-related accruals, fair values of awards granted under stock-based compensation plans and fair values of assetsobtained and liabilities assumed in business combinations. Due to geopolitical conflicts (including the Russian invasion of Ukraineand the conflicts in the Middle East), there has been and will continue to be uncertainty and disruption in the global economy and Table of ContentsNEXTPOWERNotes to the unaudited condensed consolidated financial statements material to the unaudited condensed consolidated financial statements. Estimates and assumptions are reviewed periodically, and theeffects of revisions are reflected in the period they occur. Management believes that these estimates and assumptions provide a Accounting for business acquisitions From time to time, the Company pursues business acquisitions. The fai