Nexxen International Ltd. key statistics and ratios

In fiscal 2025, Nexxen International Ltd. had return on equity of 5.0%, an operating margin of 8.9%, debt equal to 0.0% of equity and a current ratio of 1.29. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Nexxen International Ltd.: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	42.5%	71.8%	79.0%	81.9%	81.2%	83.3%	84.9%
Operating margin	1.2%	−2.8%	21.8%	13.3%	−5.1%	11.2%	8.9%
Net margin	1.9%	1.0%	21.4%	6.8%	−6.5%	9.7%	6.9%
Free-cash-flow margin	13.5%	16.3%	48.8%	22.8%	16.9%	39.2%	26.9%
Return on equity	2.1%	0.7%	16.2%	4.0%	−3.9%	6.6%	5.0%
Return on assets	—	0.4%	10.9%	2.6%	−2.3%	4.1%	3.1%
Asset turnover	—	0.40	0.51	0.38	0.36	0.42	0.46
Current ratio	—	1.46	2.50	1.64	1.97	1.44	1.29
Debt to equity	0.0%	0.0%	0.0%	17.9%	18.2%	0.0%	0.0%
Interest cover (operating income ÷ interest)	5.0x	n/m	130.6x	76.2x	n/m	21.9x	19.1x
Effective tax rate	—	—	−1.3%	46.4%	—	8.0%	32.8%
R&D as % of revenue	5.0%	6.3%	5.4%	10.0%	15.0%	13.7%	15.9%
Capital spending as % of revenue	0.3%	0.3%	1.0%	1.9%	1.4%	2.1%	3.3%
Free cash flow ÷ net income	707.1%	>999%	227.7%	336.8%	—	403.8%	391.3%
Dividends and buybacks ÷ free cash flow	56.2%	28.8%	4.0%	112.4%	16.9%	42.4%	103.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 3 checks passed · December 31, 2025

What it owns · $756m

Short-term assets $337mLonger-term assets $419m

What it owes, and who funded it · $756m

Short-term liabilities $262mLonger-term liabilities $19mShareholders' equity $475m

Short-term assets cover short-term liabilities $337m of assets due within a year against $262m of liabilities due within a year.
Short-term assets cover long-term liabilities $337m short-term assets against $19m 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 Operating income of $32m against $2m of interest.

From Nexxen International 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.

Moat

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

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

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Figures from Nexxen International Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nexxen International Ltd.