NXU (NXU)
Nxu, Inc.
NASDAQ:NXUIndustrials · Electrical Equipment & Parts
Mkt Cap-
Float1.79M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$203.67M
Net Income-$103.61M
Total Assets$312.88M
Free Cash Flow-$46.74M
Debt & Equity
Debt 58%
Equity 42%
Total Debt$94.6M
Total Equity$67.46M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:20
Nasdaq bars a compliance period at 1:250
- 1:20Reverse splitMar 31, 202520 shares → 1
- 1:150Reverse splitDec 27, 2023150 shares → 1
Balance Sheet Details
Assets$312.88M
Liabilities$224.26M
Accounts Receivable$25.94M
Accounts Payable$30.84M
Inventory$139K
PP&E (Net)$98.31M
Goodwill$0
Intangible Assets$8.28M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $203.67M | $18K | $496K | $0 | $0 | $0 | $0 |
| YoY Growth | 1131405.6% | -96.4% | - | - | - | - | - |
| Cost of Revenue | $155.68M | $95K | $1.7M | $348K | $89K | $6K | $4K |
| Gross Profit | $47.99M | -$77K | -$1.21M | -$348K | -$89K | -$6K | -$4K |
| Gross Margin | 23.6% | -427.8% | -243.5% | - | - | - | - |
| Research and Development | $14.63M | $825K | $11.31M | $9.65M | $4.43M | $574K | $50K |
| Selling, General, and Administrative | $94.88M | $21.81M | $33.68M | $59.15M | $129.25M | $11.07M | $6.67M |
| Other | $12.84M | $0 | $1.21M | $496K | $0 | $0 | $0 |
| Total Operating Expenses | $122.36M | $22.63M | $46.19M | $69.3M | $133.68M | $11.64M | $6.72M |
| Operating Income (EBIT) | -$74.37M | -$22.71M | -$47.38M | -$69.64M | -$133.68M | -$11.65M | -$6.72M |
| Operating Margin | -36.5% | -126166.7% | -9553.0% | - | - | - | - |
| Interest Expense | -$8.46M | -$123K | $73K | $7K | $0 | $291 | $6K |
| Interest Income | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$21.53M | -$1.04M | $7.21M | -$1.88M | -$55K | -$13K | -$7K |
| Income Before Tax (EBT) | -$95.89M | -$23.75M | -$40.18M | -$71.53M | -$133.74M | -$11.66M | -$6.73M |
| Income Tax Expense | $7.76M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$103.61M | -$23.75M | -$40.18M | -$72.72M | -$133.68M | -$11.66M | -$6.73M |
| Net Income Margin | -50.9% | -131933.3% | -8100.4% | - | - | - | - |
| Supplementary Data | |||||||
| EPS | -0.65 | -0.16 | -72.16 | -291.19 | -550.97 | -46.19 | -26.65 |
| Diluted EPS | -0.65 | -0.16 | -72.16 | -291.19 | -550.97 | -46.19 | -26.65 |
| Weighted Average OS | 160.53M | 149.85M | 556,826 | 530,710 | 635,910 | 635,910 | 635,910 |
| EBITDA | $5.73M | -$21.88M | -$46.69M | -$71.17M | -$133.65M | -$11.66M | -$6.72M |
| EBITDA Margin | 2.8% | -121533.3% | -9414.1% | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $58.26M | $2.67M | $2.85M | $2.7M | $3.15M | $43K | $5K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $58.26M | $2.67M | $2.85M | $2.7M | $3.15M | $43K | $5K |
| Accounts Receivable | $25.94M | $626K | $250K | $0 | $342 | $3K | $1K |
| Inventory | $139K | $107K | $372K | $98K | -$342 | $0 | $0 |
| Other Current Assets | $36.73M | $610K | $102K | $0 | $0 | $0 | $0 |
| Total Current Assets | $121.07M | $4.42M | $4.09M | $3.67M | $3.44M | $48K | $6K |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $98.31M | $2.07M | $5.37M | $3.24M | $980K | $50K | $12K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $8.28M | $4.54M | $20K | $10K | $11K | $0 | $0 |
| Long-Term Investments | $3.37M | $1.69M | $3M | $0 | $287.52M | $0 | $0 |
| Deferred Tax Assets | $40.51M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $41.35M | -$4.25M | $772K | $122K | -$287.33M | $146K | $0 |
| Total Long-Term Assets | $191.81M | $4.06M | $9.16M | $3.37M | $1.18M | $196K | $12K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $312.88M | $8.48M | $13.26M | $7.04M | $4.61M | $244K | $18K |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $30.84M | $607K | $2.5M | $1.52M | $66K | $0 | $0 |
| Short-Term Debt | $56.63M | $499K | $0 | $0 | $397K | $93K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $10K | $57K | $0 | $0 |
| Current Unearned Revenue | $0 | -$499K | $0 | $523K | $22K | $12K | $0 |
| Other Current Liabilities | $108.39M | $28K | $1.53M | $391K | $312K | $219K | $2K |
| Total Current Liabilities | $165.02M | $2.43M | $5.61M | $4.24M | $709K | $938K | $228K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $37.97M | $0 | $10K | $10.91M | $0 | $0 | $18K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $104K | $126K | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $21.27M | $19K | $288K | $374K | $104K | $0 | $0 |
| Total Long-Term Liabilities | $59.24M | $19K | $986K | $11.84M | $104K | $126K | $18K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $224.26M | $2.45M | $6.59M | $16.09M | $813K | $1.06M | $246K |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $17K | $15K | $0 | $4K | $3K | $1K | $1K |
| Retained Earnings | -$487.43M | -$283.39M | -$259.64M | -$218.62M | -$147.94M | -$14.2M | -$7.38M |
| Comprehensive Income & Other | -$966K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $554.88M | $289.4M | $266.3M | $209.56M | $151.73M | $13.38M | $7.16M |
| Total Equity | $67.46M | $6.03M | $6.66M | -$9.05M | $3.8M | -$820K | -$228K |
| Minority Interest | $21.16M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $291.72M | $8.48M | $13.26M | $7.04M | $4.61M | $244K | $18K |
| Supplementary Data | |||||||
| Total Debt | $94.6M | $782K | $1.56M | $11.81M | $397K | $93K | $18K |
| Net Debt | $36.34M | -$1.89M | -$1.28M | $9.11M | -$2.75M | $50K | $13K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$103.66M | -$135.81M | -$40.18M | -$70.68M | -$133.74M | -$11.66M | -$6.73M |
| Depreciation & Amortization | $5.73M | $834K | $689K | $348K | $89K | $6K | $4K |
| Deferred Income Tax | $7.15M | $0 | -$6.37M | $0 | -$93K | $0 | $0 |
| Stock-Based Compensation | $36.71M | $38.71M | $19.71M | $42.35M | $123.25M | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $0 | $0 | -$250K | $98K | $3K | -$2K | $0 |
| Inventory | $0 | $308K | -$784K | -$98K | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $212K | $1.21M | -$56K | $0 | $0 |
| Other Working Capital | $0 | -$1.78M | -$1.07M | $1.36M | -$823K | $1.13M | $182K |
| Total Working Capital Change | $0 | -$1.47M | -$1.89M | $2.6M | -$879K | $1.13M | $182K |
| Other Non-Cash Items | $48.42M | $41.88M | $47K | $1.94M | $186K | $7.19M | $6.06M |
| Net Cash from Operating | -$5.65M | -$55.86M | -$27.99M | -$23.45M | -$11.19M | -$3.34M | -$480K |
| Investing Activities | |||||||
| Capital Expenditures | -$41.09M | -$58.85M | -$2.22M | -$1.79M | -$1.03M | -$44K | $0 |
| Acquisitions | $0 | $0 | $0 | $230K | $0 | $0 | $0 |
| Purchases of Investments | -$65K | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$3.45M | $117K | $547K | $0 | $0 | -$146K | $0 |
| Net Cash from Investing | -$44.61M | -$58.74M | -$1.67M | -$1.56M | -$1.03M | -$190K | $0 |
| Financing Activities | |||||||
| Debt Repaid | - | $40K | -$4.8M | -$9M | - | $18K | $47K |
| Common Stock Issuance | $6.85M | $13.14M | $24.49M | $15.3M | $14.93M | $3.49M | $532K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $123.05M | -$13.35M | $515K | $260K | -$309 | $0 | $0 |
| Net Cash from Financing | $123.05M | -$252K | $29.81M | $24.56M | $15.32M | $3.57M | $485K |
| Forex Effect | $576K | -$634K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $73.37M | -$115.48M | $145K | -$445K | $3.1M | $38K | $5K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$5.65M | -$55.86M | -$27.99M | -$23.45M | -$11.19M | -$3.34M | -$480K |
| Capital Expenditure | -$41.09M | -$58.85M | -$2.23M | -$1.79M | -$1.03M | -$44K | $0 |
| Free Cash Flow | -$46.74M | -$114.71M | -$30.22M | -$25.24M | -$12.22M | -$3.38M | -$480K |
| Cash at Beginning | $30.07M | $145.56M | $2.7M | $3.15M | $43K | $5K | $0 |
| Cash at End | $103.44M | $30.07M | $2.85M | $2.7M | $3.15M | $43K | $5K |