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Nexalin Technology (NXL)

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Nexalin Technology, Inc. is a medical technology company developing non-invasive neurostimulation devices for mental health and neurological conditions. Its platform is based on cranial electrotherapy stimulation, a form of bioelectronic therapy that delivers controlled electrical waveforms through the head with the aim of influencing brain activity. The company positions its products as potential alternatives or complements to drug-based and talk-therapy approaches for disorders such as anxiety and insomnia.

Nexalin’s first commercial system, referred to as its Generation 1 or Gen-1 device, is designed to be administered in a clinical setting and uses a proprietary waveform delivered at 4 milliamps during treatment. The device is classified by the U.S. Food and Drug Administration as a Class II medical device. That regulatory status is important because it places the product within an established medical-device framework while still requiring attention to safety, labeling, clinical use, and marketing rules.

The company’s broader strategy centers on expanding the reach of its neurostimulation technology. Mental health treatment is a large and growing healthcare category, and Nexalin seeks to address patients who may not respond well to existing therapies, cannot tolerate medication side effects, or want non-pharmaceutical treatment options. Its opportunity depends on clinical validation, physician adoption, patient access, reimbursement pathways, and regulatory progress for current and future devices.

As a publicly traded medical device stock, Nexalin offers exposure to the intersection of neuroscience, digital health, and bioelectronic medicine. Its business remains closely linked to product development, evidence generation, commercialization execution, and acceptance by clinicians treating mental health conditions.

0.33 USD
−0.11 (-25.10%)

Last updated

Market Cap
$9,684,973
P/E
P/FCF
P/S
35.14
Enterprise Value
$8,477,078
Sector
Industrials
Industry
Electromedical and Electrotherapeutic Apparatus
Address
1776 YORKTOWN, HOUSTON, TX, 77056
Market Cap
$9,684,973
Enterprise Value
$8,477,078
P/E
P/B
3.36
P/S
35.14
EV / EBITDA
-1
EV / Sales
30.76
EPS
-0.38
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-$5,293,708
ROE
-288.6%
ROA
-225.45%
Debt / Equity
0
Current Ratio
4.07
Quick Ratio
3.85
Cash
1.49
Avg Volume
$242,299
Fundamentals Snapshot Price
0.44

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 14.95K 171.9K 18.15K 70.59K 41.02K
Cost of revenue 1.82K 21.03K 3.95K 22.84K 13.56K
Gross profit 13.13K 150.87K 14.2K 47.75K 27.46K
Operating income -2.12M -2.41M -2.35M -1.62M -2.01M
EBITDA -2.11M -2.41M -2.34M -1.62M -2.01M
Net income -2.1M -2.38M -2.28M -1.58M -1.99M
Interest expense 34 8.24K 4.69K 1.1K
Other operating expenses 0 0 0 0 0
Total operating expenses 2.13M 2.56M 2.36M 1.67M 2.04M
Basic EPS -0.11 -0.13 -0.13 -0.1 -0.15
Diluted EPS -0.11 -0.13 -0.13 -0.1 -0.15

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 3.69M 4.64M 5.13M 6.56M 2.9M
Total liabilities 808.36K 887.33K 357.52K 600.58K 574.74K
Total equity 2.89M 3.75M 4.77M 5.96M 2.33M
Cash & equivalents 1.21M 654.78K 590.08K 431.32K 622.03K
Current assets 3.29M 4.3M 4.82M 6.27M 2.62M
Current liabilities 808.36K 887.33K 357.52K 600.58K 574.74K
Accounts payable 168.1K 244.58K 67.49K 240.58K 181.39K
Receivables 43K 81.57K 7.93K 59.84K 14.48K
Inventories 179.49K 131.47K 160.23K 172.97K 175.25K

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -1.71M -1.15M -1.47M -917.17K -1.43M
Investing cash flow 1.51M 689.18K 1.63M -3.92M 1.47M
Financing cash flow 756.42K 523.55K 0 4.65M
Change in cash 553.11K 64.71K 158.76K -190.71K 47.54K
Net income -2.1M -2.38M -2.28M -1.58M -1.99M
Kind Filing Date Link
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form 4 Form 4 — Owens David View Filing
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form 4 Form 4 — Shelton Carolyn Hamby View Filing
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edgar index 10-Q — Nexalin Technology, Inc. View Filing
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edgar index 8-K — Nexalin Technology, Inc. View Filing
edgar index 8-K — Nexalin Technology, Inc. View Filing
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