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MARKETS / BALCAO / NSFDF
BALCAO · OIL & GAS FIELD EXPLORATION SERVICES · SMALL CAP

NXT Energy Solutions Inc. NSFDF

15 fiscal years on record · CAD · FY2024 reported · SEC filings only
CAD 644,294
▼ 70.0% YoY
CAD -9.1M
CAD -4.0M
In brief

What this company does

We are a technology company focused on providing a service to oil and natural gas exploration clients using our proprietary SFD® remote sensing airborne survey system. NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. In 2006, we commenced our current business model and began providing SFD® survey services to clients on a fee-for-service basis. NXT’s primary business model is to earn revenues by conducting SFD® surveys for clients on a fee-for-service basis. Following completion of the aerial surveys, we deliver to our clients a detailed report and maps of the surveyed area that identifies, ranks and recommends areas with SFD® indications of reservoir potential.

Written from the business description in NXT Energy Solutions Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
CAD 644,294.00
Revenue, FY2024 · full 15-year series below
Revenue CAD M Net income CAD M
FY2024 · Revenue 0.6 · Net income -9.1
4M8M-4M-8M20102012201420162018202020222024
Compound annual growth
−41.0%
−16.5%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
1409 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating -1409.0% · Net 1409.0%
500%1000%-2000%-4000%20102012201420162018202020222024
ROE
FY2024 · ROE -219.2%
-2000%-4000%20102012201420162018202020222024

Each CAD of equity lost 219 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow CAD M
FY2024 · FCF -4.0
2M-4M20102012201420162018202020222024

Total assetsCAD 14.0M
EquityCAD -262,664.00
CashCAD 730,395.00
Gross debtCAD 712,963.00
Net debtCAD -17,432.00
Current ratio0.14×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 15-year record
15 fiscal years
Every figure from documents filed with the SEC · CAD
row low → row highnegative
Metric 202420232022202120202019201820172016201520142013201220112010
Revenue CAD B0.00.00.00.00.0·0.00.0·0.00.00.00.00.00.0
Operating income CAD B−0.0−0.0−0.0−0.0−0.0·−0.0−0.0·0.0−0.0−0.00.0−0.0−0.0
EBITDA CAD B···············
Income tax CAD B0.00.00.00.00.0·0.00.0·−0.0·0.00.0··
Net income CAD B−0.0−0.0−0.0−0.0−0.00.0−0.0·····0.0−0.0−0.0
Free cash flow CAD B−0.0−0.0−0.0−0.0·0.0−0.0−0.0−0.00.0−0.0····
EPS, diluted CAD −0.12−0.07−0.10−0.05−0.09·−0.11−0.16−0.170.21−0.04−0.130.04−0.10−0.14
Dividend / sh CAD ···············
Payout %···············
ROE %−219.2−52.8−44.5−16.0········77.9−4269.3·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 6 failures in 51 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 25 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente6 failures
ActivityOil & Gas Field Exploration Services
Listed onOTC market
Incorporated inoutside the United States — SEC code A0
Fiscal year endsDecember 31
Data on record since2009

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