Skip to content
MARKETS / NASDAQ / NXL
NASDAQ · ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS

Nexalin Technology, Inc. NXL

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$301,647
▲ 78.8% YoY
$-8.2M
In brief

What this company does

Nexalin is headquartered, and maintains its base of management and operations, in Houston, Texas. We developed an easy-to-administer medical device — referred to as “Generation 1” or “Gen-1” — that utilizes bioelectronic medical technology to treat anxiety, insomnia and depression without the need for drugs or psychotherapy. Our original Gen-1 devices are cranial electrotherapy stimulation (CES) devices that emit a waveform at 4 milliamps during treatment and are presently classified by the U.S. Food and Drug Administration (the “FDA”) as a Class II device. We continue to derive revenue from devices which we sold or leased prior to the FDA’s December 2019 reclassification announcement. The Gen-3 HALO is a new patient headset that is intended to be prescribed by licensed medical professionals in a virtual clinic setting similar to existing tele-health platforms.

Written from the business description in Nexalin Technology, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 March 2026. Every sentence was checked against that document before publication.

Growth
USD 301,647.00
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.3 · Net income -8.2
0.5M1.0M-4.0M-8.0M20212022202320242025
Compound annual growth
−38.9%
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
−2726 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2781.7% · Net -2725.8%
-2000%-4000%20212022202320242025
ROE
FY2025 · ROE -221.5%
-100%-200%20212022202320242025

Each USD of equity lost 222 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks

Total assetsUSD 4.6M
EquityUSD 3.7M
CashUSD 654,783.00
Current ratio4.85×

Equity funds 81% of total assets.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0
EBITDA $B··−0.0−0.0−0.0
Income tax $B·····
Net income $B−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.50−0.83−0.63−0.30·
Dividend / sh $·····
Payout %·····
ROE %−221.5−221.1−107.0−89.4·
Shares out B0.020.010.010.010.00

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

Provenance
Company facts, as filed
How we verify · 0 failures in 25 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 70 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectromedical & Electrotherapeutic Apparatus
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2020

Share this section

Download image