v3.26.1
Consolidated statements of redeemable interest and stockholders’ equity (deficit) - USD ($)
$ in Thousands
Total
Redeemable non-controlling interests
Redeemable non-controlling interests
Common Stock
Class A common stock
Common Stock
Class B common stock
Additional paid-in-capital
Accumulated deficit
Accumulated other comprehensive income (loss)
Total Nextpower Inc. stockholders’ equity (deficit)
Non-controlling interests
Total Equity And Temporary Equity
Redeemable beginning balance at Mar. 31, 2023   $ 3,560,628                
Redeemable non-controlling interests                    
Net income $ 496,215 171,937       $ 306,241   $ 306,241 $ 18,037 $ 324,278
Reclassification of redeemable non-controlling interest 622,292 (622,292)     $ 622,292     622,292    
Tax distribution (5,307) (64,365)     (2,792)     (2,792) (2,515)  
Redemption value adjustment   822,635                
Effect of spin-off from former parent 3,868,543 (3,868,543) $ 7 $ (7) 3,835,711     3,835,711 32,832  
Redeemable end balance at Mar. 31, 2024   0                
Beginning balance (in shares) at Mar. 31, 2023     45,886,065 98,204,522            
Beginning balance at Mar. 31, 2023 (3,075,767)   $ 5 $ 10 0 (3,075,782) $ 0 (3,075,767)    
Beginning balance at Mar. 31, 2023                 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 496,215 171,937       306,241   306,241 18,037 $ 324,278
Stock-based compensation expense and other 56,783       56,783     56,783    
Vesting of RSU and PSU awards (in shares)     538,811              
Issuance of Class A common stock sold in follow-on offering (in shares)     15,631,562              
Issuance of Class A common stock sold in follow-on offering 552,009   $ 1   552,008     552,009    
Use of follow-on proceeds as consideration for Yuma Inc.'s transfer of Nextpower LLC common units (in shares)       (15,631,562)            
Use of follow-on proceeds as consideration for Yuma Inc.'s transfer of Nextpower LLC common units (552,009)     $ (2) (552,007)     (552,009)    
Value adjustment of tax receivable agreement 18,337       18,337     18,337    
Reclassification of redeemable non-controlling interest 622,292 (622,292)     622,292     622,292    
Tax distribution (5,307) (64,365)     (2,792)     (2,792) (2,515)  
Redemption value adjustment (822,635)       (525,598) (297,037)   (822,635)    
Effect of spin-off from former parent (in shares)     74,432,619 (74,432,619)            
Effect of spin-off from former parent 3,868,543 (3,868,543) $ 7 $ (7) 3,835,711     3,835,711 32,832  
Shares exchanged by former non-controlling interest holders (in shares)     4,284,166 (4,284,166)            
Shares exchanged by former non-controlling interest holders 5,487   $ 1 $ (1) 22,826     22,826 (17,339)  
Other equity 0                  
Total other comprehensive gain (loss) 17           17 17    
End balance (in shares) at Mar. 31, 2024     140,773,223 3,856,175            
Ending balance at Mar. 31, 2024                 31,015  
Ending balance at Mar. 31, 2024 992,028   $ 14 $ 0 4,027,560 (3,066,578) 17 961,013    
Redeemable non-controlling interests                    
Net income 517,246         509,168   509,168 8,078  
Tax distribution (9,122)               (9,122)  
Redeemable end balance at Mar. 31, 2025   $ 0                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 517,246         509,168   509,168 8,078  
Stock-based compensation expense and other 118,880       118,880     118,880    
Vesting of RSU and PSU awards (in shares)     999,928              
Exercise of Options awards (in shares)     18,905              
Tax distribution (9,122)               (9,122)  
Shares exchanged by former non-controlling interest holders (in shares)     3,856,175 (3,856,175)            
Shares exchanged by former non-controlling interest holders 0   $ 1   29,970     29,971 (29,971)  
TRA revaluation 7,635       7,635     7,635    
Stock-based compensation tax benefits (1,698)       (1,698)     (1,698)    
Other equity 3,476       3,476     3,476    
Total other comprehensive gain (loss) (315)           (315) (315)    
End balance (in shares) at Mar. 31, 2025     145,648,231 0            
Ending balance at Mar. 31, 2025                 $ 0  
Ending balance at Mar. 31, 2025 1,628,130   $ 15 $ 0 4,185,823 (2,557,410) (298) 1,628,130    
Redeemable non-controlling interests                    
Net income 585,883         585,883   585,883    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 585,883         585,883   585,883    
Stock-based compensation expense and other 120,298       120,298     120,298    
Vesting of RSU and PSU awards (in shares)     3,746,500              
Exercise of Options awards (in shares)     712              
Repurchases of common stock (in shares)     (3,960)              
Repurchases of common stock (395)       (395)     (395)    
Other equity 0                  
Total other comprehensive gain (loss) 481           481 481    
End balance (in shares) at Mar. 31, 2026     149,391,483              
Ending balance at Mar. 31, 2026 $ 2,334,397   $ 15   $ 4,305,726 $ (1,971,527) $ 183 $ 2,334,397