NextVision Stabilized Systems (NXSN) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue was $67.389M versus $36.163M in Q1 2025; net profit was $38.263M versus $20.573M.

• Order backlog reached $288.6M as of May 10, 2026, up 134% year over year; active customers numbered 112.

• The board-set 2026 revenue target is $315M, representing 87.1% growth versus 2025; it is not an estimate or projection.

Financial highlights

• Q1 gross profit was $45.295M versus $26.488M; operating profit was $38.348M versus $22.202M.

• Pre-tax income was $44.221M versus $24.100M; net profit was $38.263M versus $20.573M.

• Gross margin was 67.2%, consistent with Q4 2025 at 66.9%; R&D expense was $1.8M, with $3.3M capitalized as intangible assets.

• G&A expenses were elevated due to bonus accruals, expected to normalize in future quarters.

• Financing income rose to $5.993M from $1.930M, primarily due to higher bank deposits; financing expenses were $0.120M versus $0.032M.

Outlook and guidance

• The $315M 2026 revenue target implies 87.1% growth versus 2025 revenue.

• Monthly production capacity is planned to rise from over ~2,000 units at the start of 2026 to over ~5,000 by year-end.

• Production area is planned to expand from 3,300 sqm at the start of 2026 to ~5,000 sqm by year-end.

• Growth priorities include strategic acquisitions, expanded AI capabilities, higher R&D investment, customer-base expansion and reliability.