v3.25.4
Unaudited condensed consolidated statements of stockholders’ equity - USD ($)
$ in Thousands
Total
Common Stock
Common Class A
Common Stock
Common Class B
Additional paid-in-capital
Accumulated deficit
Unrealized gain (loss) on derivative instruments
Foreign currency translation adjustments
Accumulated other comprehensive income (loss)
Total Nextpower Inc. stockholders’ equity
Non-controlling interests
Beginning balance (in shares) at Mar. 31, 2024   140,773,223 3,856,175              
Beginning balance at Mar. 31, 2024 $ 992,028 $ 14 $ 0 $ 4,027,560 $ (3,066,578)     $ 17 $ 961,013  
Beginning balance at Mar. 31, 2024                   $ 31,015
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 359,432       352,374       352,374 7,058
Stock-based compensation expense 78,766     78,766         78,766  
Vesting of Nextpower Inc. RSU awards (in shares)   967,486                
Stock-based compensation tax benefits (1,698)     (1,698)         (1,698)  
Shares exchanged by non-controlling interest holders (in shares)   1,947,348 (1,947,348)              
Noncontrolling Interest, Shares Exchanged by Noncontrolling Interest Holders 0     13,551         13,551 (13,551)
TRA revaluation 3,761     3,761         3,761  
Tax distribution (6,112)                 (6,112)
Total other comprehensive (loss) income (1,217)             (1,217) (1,217)  
Ending balance (in shares) at Dec. 31, 2024   143,688,057 1,908,827              
Ending balance at Dec. 31, 2024                   18,410
Ending balance at Dec. 31, 2024 1,424,960 $ 14 $ 0 4,121,940 (2,714,204)     (1,200) 1,406,550  
Beginning balance (in shares) at Sep. 27, 2024   143,620,486 1,908,827              
Beginning balance at Sep. 27, 2024 1,282,318 $ 14 $ 0 4,096,658 (2,829,487)     (1,186) 1,265,999  
Beginning balance at Sep. 27, 2024                   16,319
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 117,374       115,283       115,283 2,091
Stock-based compensation expense 26,980     26,980         26,980  
Vesting of Nextpower Inc. RSU awards (in shares)   67,571                
Stock-based compensation tax benefits (1,698)     (1,698)         (1,698)  
Total other comprehensive (loss) income (14)             (14) (14)  
Ending balance (in shares) at Dec. 31, 2024   143,688,057 1,908,827              
Ending balance at Dec. 31, 2024                   $ 18,410
Ending balance at Dec. 31, 2024 1,424,960 $ 14 $ 0 4,121,940 (2,714,204)     (1,200) 1,406,550  
Beginning balance (in shares) at Mar. 31, 2025   145,648,231                
Beginning balance at Mar. 31, 2025 1,628,130 $ 15   4,185,823 (2,557,410) $ 0 $ (298) (298) 1,628,130  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 435,280       435,280       435,280  
Stock-based compensation expense 87,818     87,818         87,818  
Vesting of Nextpower Inc. RSU awards (in shares)   2,798,690                
Exercise of Nextpower Inc. options awards (in shares)   712                
TRA revaluation 0                  
Total other comprehensive (loss) income (358)         (249) (109) (358) (358)  
Ending balance (in shares) at Dec. 31, 2025   148,447,633                
Ending balance at Dec. 31, 2025 2,150,870 $ 15   4,273,641 (2,122,130) (249) (407) (656) 2,150,870  
Beginning balance (in shares) at Sep. 26, 2025   148,382,505                
Beginning balance at Sep. 26, 2025 1,985,698 $ 15   4,239,786 (2,253,366) 0 (737) (737) 1,985,698  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 131,236       131,236       131,236  
Stock-based compensation expense 33,855     33,855         33,855  
Vesting of Nextpower Inc. RSU awards (in shares)   65,128                
Total other comprehensive (loss) income 81         (249) 330 81 81  
Ending balance (in shares) at Dec. 31, 2025   148,447,633                
Ending balance at Dec. 31, 2025 $ 2,150,870 $ 15   $ 4,273,641 $ (2,122,130) $ (249) $ (407) $ (656) $ 2,150,870