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- Material Weakness (worsened) — Disclosure controls remain ineffective and the specific deficiencies have shifted to U.S. GAAP expertise and segregation of duties, with remediation not yet complete.
NXTT swings to $103.3M Q3 profit on bitcoin gain, but nine-month loss widens
Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 8, 2025 · ~1 min read
Key Changes
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high
Nine-month net loss of $32.2M vs. $295.1M profit a year ago, driven by a $430.4M unrealized bitcoin gain flipping to a $28.1M loss.
MD&A: Bitcoin fair value verify on EDGAR → -
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Revenue surged 384.2% to $8.7M, but gross margin compressed to 29.7% from 45.1%.
MD&A: Revenue & margin verify on EDGAR → -
high
Cash jumped to $163.9M from $5.6M after a $157M registered direct offering in March 2026.
Notes: Cash & offering view on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Nov 9, 2026 · How we verify