Nextracker (US:NXT)2025-06-28 12:21Financial Performance - Revenue for FY25 reached approximately $3 billion, an increase of 18% year-over-year[71] - Adjusted EBITDA for FY25 was $776 million, a 49% increase year-over-year, with a margin of 26%[3, 72] - Adjusted free cash flow for FY25 was $622 million, compared to $427 million in the prior year[3, 11] - Q4 revenue was $924 million, a 26% increase year-over-year[10, 71] - Q4 adjusted EBITDA expanded to $242 million, a 52% increase year-over-year, with a margin of 26%[11, 72, 76] Business Growth and Strategy - Total backlog increased sequentially to significantly over $4.5 billion[3, 52] - The company acquired Bentek Corporation, an eBOS company, to expand its product platform[12, 25, 39] - The company shipped over 130 GW of tracker systems since its founding[6, 102] - The company expects revenue for FY26 to be in the range of $3.2 billion to $3.4 billion, and adjusted EBITDA in the range of $700 million to $775 million[30] Market and Product Highlights - Geographic revenue mix in Q4 was approximately 66% in the U.S and 34% in Rest of World[10, 71] - Over 17 GW of XTR tracker series were sold in FY25[21] - Over 9 GW of Hail Pro series trackers were booked in FY25[21]