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Nexpu Ltd. (DPU) stock

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NASDAQ: DPU Nasdaq Diversified Support Services

D Fundamentals grade

Nexpu Ltd. is a US-listed company in the diversified support services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$11

Revenue-to-maturity cash-flow model

Base case. Range ~$9.2–$13 across our lower- and higher-growth cases (25%–35% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Nexpu Ltd. valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Nexpu files

Where Nexpu stands after its latest Filing

Revenue for the twelve months was $8m, up 114.3% on a year earlier, against a decline of 31.2% a quarter earlier. That growth ranks 3 of 32 among the diversified support services companies we cover. Free-cash-flow margin fell to -16.2% from 57.9% a year earlier. Operating margin narrowed to -301.6% from 48.3%. The diluted share count is up 325.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $10.93 a share, against a share price of $1.69.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Nexpu Ltd.'s trailing-twelve-month revenue grew 114.3% year on year, with a free-cash-flow margin of -16.2%. Where it stands out: change in growth rate of +145.5pp ranks 2 of 32 diversified support services companies we cover. Where it lags: change in share count of 325.3% ranks 28 of 28 diversified support services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 96.7% while net income fell 176.8%: a 273pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 114.3% over the last 12 months, against a median of 6.5% for diversified support services companies we cover.
  • Growth speeding up. The growth rate is 145.5 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -301.6%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 111.5 points on a year ago.
  • Burning cash. Free cash flow was -16.2% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 42.1% of revenue, against a median of 1.4% for diversified support services companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 325.3% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 99% and a beta of 0.6 against the S&P 500.

Price chart

  • 1 day-6.2%
  • 1 week-11.9%
  • 1 month+2.2%
  • This year-25.6%
  • 1 year-55.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$8M
Operating margin
-301.6%
Net margin
-298.8%
EPS (TTM, diluted)
$-26.92

Growth

Revenue growth
+114.3%
Change in growth rate
+145.5 pts
Share count change
+325.3%

Cash

Free cash flow (TTM)
-$1.3M
FCF margin
-16.2%
Stock pay % of revenue
42.1%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for DPU from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nexpu Ltd. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Nexpu Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$11 ~$9.2–$13 Left out: out of range vs price (6.90x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$3.9 ~$3.5–$22 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$3.9 ~$3.5–$22 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nexpu Ltd. with Diversified Support Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202320242025
Share price$1100.00$213.75$2.13
Market value$245m$45m$2m
+ Net debt (− = net cash)−$5m$1m−$13m
Enterprise value$241m$46m−$11m
Multiples
Price / sales 45.1x12.0x0.2x
Price / earnings ———
Price / free cash flow ———
EV / EBITDA ———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Nexpu Ltd.: too few analysts cover it.

Positioning

Short interest
—
of tradable shares
Days to cover
—
at average volume
Short interest, 1 month
—
Held by institutions
—
of shares
Held by insiders
—
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202420252026 to date
Return
DPU−81%−99%−26%
Industry peers (median)+5%−7%−10%
S&P 500+25%+18%+11%
Months that ended higher
DPU25%17%46%
S&P 50075%75%46%
Largest fall from a high during the year
DPU−90%−99%−49%
S&P 500−8%−19%−9%

Worst fall since April 18, 2023: 100% from May 25, 2023 to October 16, 2026. Getting back needed a 440157% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.36 – $3.40
From 52-week high
−53.4%
vs 50-day average
−8.2%
vs 200-day average
−23.1%
Volatility (1 year)
99%
Beta vs S&P 500
0.59

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Nexpu Ltd. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Nexpu Ltd.
$0 $5M $10M FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY20 Q4: $1.3M Revenue (TTM), FY21 Q4: $6.3M Revenue (TTM), FY22 Q4: $3.1M Revenue (TTM), FY23 Q4: $5.4M Revenue (TTM), FY24 Q4: $3.8M Revenue (TTM), FY25 Q4: $8M $8M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY20 Q4 $1.3M
FY21 Q4 $6.3M
FY22 Q4 $3.1M
FY23 Q4 $5.4M
FY24 Q4 $3.8M
FY25 Q4 $8M
Revenue growth, TTM YoY Nexpu Ltd.
-200% 0% 200% 400% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY21 Q4: 371.9% Revenue growth, TTM YoY, FY22 Q4: -50.4% Revenue growth, TTM YoY, FY23 Q4: 74.5% Revenue growth, TTM YoY, FY24 Q4: -31.2% Revenue growth, TTM YoY, FY25 Q4: 114.3% 114.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY21 Q4 371.9%
FY22 Q4 -50.4%
FY23 Q4 74.5%
FY24 Q4 -31.2%
FY25 Q4 114.3%
Operating margin (TTM) Nexpu Ltd.
-400% -300% -200% -100% 0% 100% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY20 Q4: 28.5% Operating margin (TTM), FY21 Q4: 48.3% Operating margin (TTM), FY22 Q4: -29.5% Operating margin (TTM), FY23 Q4: -45.7% Operating margin (TTM), FY24 Q4: -190.1% Operating margin (TTM), FY25 Q4: -301.6% -301.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY20 Q4 28.5%
FY21 Q4 48.3%
FY22 Q4 -29.5%
FY23 Q4 -45.7%
FY24 Q4 -190.1%
FY25 Q4 -301.6%
FCF margin (TTM) Nexpu Ltd.
-1500% -1000% -500% 0% 500% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY20 Q4: 4.1% FCF margin (TTM), FY21 Q4: 57.9% FCF margin (TTM), FY22 Q4: -45.7% FCF margin (TTM), FY23 Q4: -31.6% FCF margin (TTM), FY24 Q4: -1050.4% FCF margin (TTM), FY25 Q4: -16.2% -16.2%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY20 Q4 4.1%
FY21 Q4 57.9%
FY22 Q4 -45.7%
FY23 Q4 -31.6%
FY24 Q4 -1050.4%
FY25 Q4 -16.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 1 6 3 5 4 8
Gross profit 1 5 2 4 1 1
EBITDA 0 3 −1 −2 −7 −24
Operating income 0 3 −1 −2 −7 −24
Net income 0 2 −1 −3 −9 −24
Diluted EPS $0.00 $0.02 −$0.01 −$11.42 −$41.37 −$26.92
Growth (year on year)
Revenue — +371.9% −50.4% +74.5% −31.2% +114.3%
EBITDA — +690.8% −127.8% — — —
Operating income — +701.1% −130.2% — — —
Net income — +579.1% −133.4% — — —
Diluted EPS — +533.3% −131.6% — — —
Margins
Gross margin 65.4% 78.4% 69.3% 65.9% 35.5% 8.7%
EBITDA margin 29.2% 48.9% −27.4% −44.2% −187.7% −300.6%
Operating margin 28.5% 48.3% −29.5% −45.7% −190.1% −301.6%
Net margin 25.5% 36.7% −24.7% −46.8% −231.4% −298.8%
Free-cash-flow margin 4.1% 57.9% −45.7% −31.6% <−999% −16.2%
Cash flow
Cash from operations 0 4 −1 −2 −39 −1
Capital spending 0 0 0 0 0 0
Free cash flow 0 4 −1 −2 −39 −1
Stock-based pay — — — — 2 3
Free cash flow after stock pay — — — — −41 −5
Balance sheet
Cash 0 4 3 5 3 13
Total debt 0 0 0 0 4 0
Net debt (negative = net cash) −0 −4 −3 −5 1 −13
Diluted shares 120m 120m 120m — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · December 31, 2025
What it owns · $33m
Short-term assets $33mLonger-term assets $0m
What it owes, and who funded it · $33m
Short-term liabilities $3mLonger-term liabilities $0mShareholders' equity $30m
  • Short-term assets cover short-term liabilities $33m of assets due within a year against $3m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $33m short-term assets against $0 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Nexpu Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+325.3%
year over year
Days sales outstanding
35 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in diversified support services
Last 12 months unless stated DPU ANPA TGL HCAI CRE THH Median
Revenue, last 12 months $8m $6m $5m $15m $17m $21m $906m
Revenue growth, last 12 months 114.3% 6.2% 121.8% −63.6% 26.2% −13.3% 6.3%
Gross margin 8.7% 46.2% 0.2% 2.7% 41.9% 9.7% 29.0%
Operating margin −301.6% 1.6% −317.7% −142.5% 4.5% −8.3% 4.9%
Net margin −298.8% 2.1% −214.4% −283.6% 4.0% 0.6% 2.7%
Cash from operations / revenue −16.1% 6.0% −133.2% −8.7% 8.8% −20.9% 7.1%
Free-cash-flow margin −16.2% −2.9% −153.5% −8.7% 8.3% −22.4% 3.7%
Stock pay / revenue 42.1% — 35.7% 140.4% — — 1.4%
Change in share count 325.3% 2.6% — 12.6% 3.3% 2.1% 0.1%

Median of all 32 companies we cover in diversified support services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 diversified support services companies
Measure Company Peer median Rank
Revenue growth Growth 114.3% 6.5% 3 of 32
Change in growth rate Growth +145.5pp +0.8pp 2 of 32
Gross margin Profitability 8.7% 26.4% 19 of 22
Operating margin Profitability -301.6% 4.5% 28 of 29
Net margin Profitability -298.8% 3.3% 31 of 32
Free-cash-flow margin Cash generation -16.2% 4.1% 28 of 31
Stock pay as % of revenue Cash generation 42.1% 1.4% 23 of 26
Change in share count Balance sheet 325.3% -0.1% 28 of 28
Days sales outstanding Balance sheet 35 days 60 days 5 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

13F filings for June 30, 2026
Reported value
$18
Institutions reporting
1
Shares held vs prior quarter
▼ 96.2%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
UBS Group AG $18 0K 100.0% ▼ 96.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nexpu Ltd.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Data status

When each part of this page on Nexpu Ltd. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nexpu Ltd. in brief

What does Nexpu Ltd. do?
Nexpu Ltd. is a US-listed company in the diversified support services industry. Its financial year ends in December.
What is Nexpu Ltd.'s stock ticker?
Nexpu Ltd. trades under the ticker DPU on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nexpu Ltd.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nexpu Ltd. reported revenue of $8M, 114.3% higher than a year earlier, according to its SEC filings.
What is Nexpu Ltd.'s free cash flow?
Nexpu Ltd.'s free-cash-flow margin is -16.2% of revenue over the trailing twelve months, ranking 28 of the 31 diversified support services companies we cover.
What is Nexpu Ltd.'s market cap?
On December 31, 2025, Nexpu Ltd.'s market capitalisation was about $1.9M and net debt of -$13.1M. Market figures come from third-party market data and may be delayed.
Who are Nexpu Ltd.'s competitors?
In our Diversified Support Services peer group, the companies closest to Nexpu Ltd. are Rich Sparkle Holdings Ltd, Treasure Global Inc, Huachen AI Parking Management Technology Holding Co., Ltd, Cre8 Enterprise Ltd and Tryhard Holdings Ltd. The side-by-side comparison below sets their revenue, margins and growth against Nexpu Ltd.'s.