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Nexalin Technology, Inc. (NXL) Fundamental Analysis & AI Grade 2026

NXL Nasdaq Electromedical & Electrotherapeutic Apparatus DE CIK: 0001527352
Updated This Month • Analysis: May 14, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
84% Confidence
STRONG AGREEMENT
D
85% Conf
D
82% Conf

📊 NXL Key Takeaways

Revenue: $15.0K
Net Margin: -14,025.7%
Free Cash Flow: $-1.7M
Current Ratio: 4.07x
Debt/Equity: 0.00x
EPS: $-0.11
AI Grade: D with 85% confidence
Nexalin Technology, Inc. (NXL) receives a D fundamental grade with 84% confidence from our AI analysis based on SEC 10-K filings. With revenue of $15.0K, net profit margin of -14,025.7%, and return on equity (ROE) of -72.6%, Nexalin Technology, Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete NXL stock analysis for 2026.

Is Nexalin Technology, Inc. (NXL) a Good Investment?

Claude

Nexalin is a pre-revenue stage medical device company with unsustainable cash burn of $1.7M per quarter against only $14.9K in quarterly revenue, resulting in negative operating cash flow and a sub-4 month cash runway at current burn rate. Despite exceptional 87.8% gross margin, operating losses of $2.1M dwarf revenue generation, indicating the company faces near-term solvency risk without significant capital infusion or dramatic revenue acceleration.

ChatGPT

Nexalin shows very high gross margins and minimal leverage, but its revenue base remains immaterial relative to extremely high operating losses and deeply negative free cash flow. With only ~$0.65M in cash against a ~$5M annual operating cash burn, liquidity risk and likely dilution are high. Fundamentals need clear evidence of sustained revenue traction and cost discipline before the profile improves.

Nexalin Technology, Inc. Key Strengths (NXL)

Claude
  • + Strong gross margin of 87.8% indicates product-market value proposition
  • + Zero debt and clean capital structure with $1.2M cash on hand
  • + Exceptional 3,760.8% YoY revenue growth (though from negligible base of $14.9K)
ChatGPT
  • + High gross margin (~80%) suggests attractive unit economics
  • + Low leverage with no long-term debt
  • + Strong current ratio indicates limited near-term payables pressure

NXL Stock Risks: Nexalin Technology, Inc. Investment Risks

Claude
  • ! Critical cash burn: -$1.7M operating cash flow vs. $1.2M total cash = <4 months runway
  • ! Severe operating losses of -$2.1M on minimal revenue creates -14,179.9% operating margin
  • ! Pre-commercial stage with no evidence of sustainable path to profitability or significant customer adoption
  • ! Zero insider Form 4 filings in 90 days suggests lack of management confidence or activity
ChatGPT
  • ! Severe operating losses and deeply negative FCF
  • ! Limited cash runway implying imminent capital raise/dilution risk
  • ! Revenue base remains tiny despite YoY growth

Key Metrics to Watch

Claude
  • * Quarterly revenue run rate and customer acquisition trends
  • * Cash balance and monthly burn rate to track solvency runway
  • * Operating expense reductions or capital raise announcements
ChatGPT
  • * Quarterly revenue
  • * Operating cash flow (burn rate)

Nexalin Technology, Inc. (NXL) Financial Metrics & Key Ratios

Revenue
$15.0K
Net Income
$-2.1M
EPS (Diluted)
$-0.11
Free Cash Flow
$-1.7M
Total Assets
$3.7M
Cash Position
$1.2M

💡 AI Analyst Insight

Strong liquidity with a 4.07x current ratio provides a solid financial cushion.

NXL Profit Margin, ROE & Profitability Analysis

Gross Margin 87.8%
Operating Margin -14,179.9%
Net Margin -14,025.7%
ROE -72.6%
ROA -56.8%
FCF Margin -11,458.1%

NXL vs Healthcare Sector: How Nexalin Technology, Inc. Compares

How Nexalin Technology, Inc. compares to Healthcare sector averages

Net Margin
NXL -14,025.7%
vs
Sector Avg 12.0%
NXL Sector
ROE
NXL -72.6%
vs
Sector Avg 15.0%
NXL Sector
Current Ratio
NXL 4.1x
vs
Sector Avg 2.0x
NXL Sector
Debt/Equity
NXL 0.0x
vs
Sector Avg 0.6x
NXL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Nexalin Technology, Inc. Stock Overvalued? NXL Valuation Analysis 2026

Based on fundamental analysis, Nexalin Technology, Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-72.6%
Sector avg: 15%
Net Profit Margin
-14,025.7%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Nexalin Technology, Inc. Balance Sheet: NXL Debt, Cash & Liquidity

Current Ratio
4.07x
Quick Ratio
3.85x
Debt/Equity
0.00x
Debt/Assets
21.9%
Interest Coverage
N/A
Long-term Debt
N/A

NXL Revenue & Earnings Growth: 5-Year Financial Trend

NXL 5-year financial data: Year 2022: Revenue $1.3M, Net Income -$6.1M, EPS N/A. Year 2023: Revenue $1.3M, Net Income -$1.7M, EPS $-0.30. Year 2024: Revenue $168.7K, Net Income -$4.6M, EPS $-0.63. Year 2025: Revenue $301.6K, Net Income -$7.6M, EPS $-0.83.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Nexalin Technology, Inc.'s revenue has declined by 77% over the 5-year period, indicating business contraction. The most recent EPS of $-0.83 indicates the company is currently unprofitable.

NXL Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-11,458.1%
Free cash flow / Revenue

NXL Quarterly Earnings & Performance

Quarterly financial performance data for Nexalin Technology, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $15.0K -$2.0M $-0.11
Q3 2025 $18.1K -$2.3M $-0.13
Q2 2025 $26.8K -$1.3M $-0.10
Q1 2025 $41.0K -$1.0M $-0.14
Q3 2024 $24.1K -$2.3M $-0.23
Q2 2024 $26.8K -$822.4K $-0.11
Q1 2024 $30.6K -$748.4K $-0.10
Q3 2023 $24.1K -$135.4K $-0.03

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Nexalin Technology, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$1.7M
Cash generated from operations
Dividends
None
No dividend program

NXL SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Nexalin Technology, Inc. (CIK: 0001527352)

📋 Recent SEC Filings

Date Form Document Action
May 19, 2026 8-K nexalintec_8k.htm View →
May 8, 2026 10-Q nexalintechno_10q.htm View →
Apr 22, 2026 8-K nexalintec_8k.htm View →
Mar 25, 2026 10-K nexalintech_10k.htm View →
Feb 25, 2026 8-K nexalintec_8k.htm View →

Frequently Asked Questions about NXL

What is the AI rating for NXL?

Nexalin Technology, Inc. (NXL) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 84% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are NXL's key strengths?

Claude: Strong gross margin of 87.8% indicates product-market value proposition. Zero debt and clean capital structure with $1.2M cash on hand. ChatGPT: High gross margin (~80%) suggests attractive unit economics. Low leverage with no long-term debt.

What are the risks of investing in NXL?

Claude: Critical cash burn: -$1.7M operating cash flow vs. $1.2M total cash = <4 months runway. Severe operating losses of -$2.1M on minimal revenue creates -14,179.9% operating margin. ChatGPT: Severe operating losses and deeply negative FCF. Limited cash runway implying imminent capital raise/dilution risk.

What is NXL's revenue and growth?

Nexalin Technology, Inc. reported revenue of $15.0K.

Does NXL pay dividends?

Nexalin Technology, Inc. does not currently pay dividends.

Where can I find NXL SEC filings?

Official SEC filings for Nexalin Technology, Inc. (CIK: 0001527352) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is NXL's EPS?

Nexalin Technology, Inc. has a diluted EPS of $-0.11.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is NXL's fundamental grade?

Based on our AI fundamental analysis in May 2026, Nexalin Technology, Inc. has a D grade with 84% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is NXL stock overvalued or undervalued?

Valuation metrics for NXL: ROE of -72.6% (sector avg: 15%), net margin of -14,025.7% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is NXL's AI grade for 2026?

Our dual AI analysis gives Nexalin Technology, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is NXL's free cash flow?

Nexalin Technology, Inc.'s operating cash flow is $-1.7M, with capital expenditures of N/A. FCF margin is -11,458.1%.

How does NXL compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -14,025.7% (avg: 12%), ROE -72.6% (avg: 15%), current ratio 4.07 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 14, 2026 | Data as of: 2026-03-31 | Powered by Claude AI