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NXXT

NextNRG Inc.

NXXT

NextNRG Inc. • NASDAQ
$1.22 ▲ 10.91% (+0.12)
Market Cap $159.54 M
52w High $4.34
52w Low $0.93
Dividend Yield 0%
P/E -2.54
Volume 971.29K
Outstanding Shares 130.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $22.86M ▲ $11.444M ▼ $-14.125M ▲ -61.788% ▲ $-0.12 ▲ $-10.046M ▲
Q2-2025 $19.692M ▲ $32.336M ▲ $-36.101M ▼ -183.331% ▼ $-0.3 ▲ $-31.126M ▼
Q1-2025 $16.273M ▲ $6.272M ▲ $-8.788M ▼ -54.002% ▼ $-1.57 ▼ $-5.054M ▼
Q4-2024 $6.792M ▼ $3.529M ▲ $-2.85M ▲ -41.953% ▲ $-0.43 ▲ $-2.56M ▼
Q3-2024 $6.986M $2.22M $-8.076M -115.596% $-7.24 $-1.343M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $653.869K ▼ $19.646M ▼ $36.915M ▼ $-16.341M ▼
Q2-2025 $2.653M ▲ $25.521M ▼ $39.348M ▲ $-13.644M ▼
Q1-2025 $2.117M ▲ $26.027M ▲ $31.739M ▲ $-5.562M ▼
Q4-2024 $438.299K ▼ $12.175M ▲ $10.02M ▲ $2.156M ▼
Q3-2024 $828.185K $5.621M $2.063M $3.558M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-14.23M ▲ $-7.768M ▼ $3.001M ▲ $2.769M ▲ $-1.999M ▼ $-7.768M ▼
Q2-2025 $-36.133M ▼ $-564.472K ▲ $531.85K ▲ $568.528K ▼ $535.906K ▲ $-564.472K ▲
Q1-2025 $-8.788M ▼ $-5.772M ▼ $0 ▲ $6.277M ▼ $504.815K ▲ $-5.772M ▲
Q4-2024 $-2.85M ▲ $-1.137M ▲ $-5.87M ▼ $6.617M ▲ $-389.886K ▼ $-6.357M ▼
Q3-2024 $-8.076M $-1.353M $-26.887K $1.901M $521.374K $-1.38M

Five-Year Company Overview

Income Statement

Income Statement NextNRG is still essentially a pre-revenue, development-stage company. Reported sales are minimal, and they do not yet appear to cover even basic operating costs. Operating losses have been steady over the past several years, reflecting spending on growth, technology, and corporate overhead without a matching revenue base. Net losses per share look large partly because the share count has been adjusted several times through reverse and forward splits, which magnify the loss per share figure. Overall, the income statement reads like an early-stage infrastructure and technology platform that has yet to scale commercially.

Balance Sheet

Balance Sheet The balance sheet is very thin and shows a company operating with limited resources. Total assets and cash balances are small, with cash declining in more recent periods, which emphasizes reliance on new funding or partnerships to keep moving projects forward. Debt has started to appear, while equity has been shrinking, suggesting that losses have eroded the company’s capital cushion. This creates financial fragility: even modest setbacks or delays in project ramp-up could strain the balance sheet. Any large project wins or new capital injections would materially change this picture, in either direction.

Cash Flow

Cash Flow Cash flow statements show a pattern of cash being consumed rather than generated. Operating cash flow has generally been negative, which is typical for a company building out new platforms, but it also underlines the need for ongoing external financing. Free cash flow has been negative as well, reflecting both operating losses and initial spending on projects and technology. Capital expenditures so far look modest in absolute terms, but relative to the company’s size they matter a lot. The key question going forward is whether long-term contracts and software-like revenues can eventually offset this persistent cash burn.

Competitive Edge

Competitive Edge Strategically, NextNRG is trying to position itself as a full-service energy transition partner, blending traditional fuel logistics with advanced microgrids and EV charging. This integrated approach is unusual in the utilities space, where many players specialize in only one piece of the value chain. Long-term power contracts, if they scale, can create sticky customer relationships and recurring revenue, while partnerships with specialized financiers can help overcome capital constraints. At the same time, the company is small, going up against much larger utilities, engineering firms, and EV charging companies with deeper pockets and established customer bases. Execution risk is high: turning a differentiated concept and early pilot projects into a durable, competitive platform will be challenging.

Innovation and R&D

Innovation and R&D Innovation is the centerpiece of the story. The Next Utility Operating System® aims to tie together solar, storage, EV charging, and traditional fuels with AI-driven optimization, which, if it works at scale, could offer real operational and cost advantages for customers. Microgrids, wireless in-motion EV charging, and predictive grid analytics all place NextNRG at the experimental edge of energy infrastructure. The company appears to be pursuing not only hardware-based projects but also software and licensing models, which could provide higher-margin, more scalable revenue if adopted. However, most of this pipeline is still in early rollout or pilot phases, so technical, regulatory, and adoption risks remain significant.

Summary

NextNRG looks like a high-concept, early-stage energy transition platform rather than a mature utility. Financially, it is small, loss-making, and cash-consuming, with a balance sheet that offers limited room for error and a likely ongoing need for outside capital. Strategically, it is attempting something ambitious: combining mobile fueling, microgrids, and advanced EV charging under one software-driven operating system, supported by long-term contracts and project financing partners. If the company can convert pilots into large, repeatable projects and scale its software and licensing strategy, its profile could change substantially. Until then, its story is defined by strong innovation ambitions, early proof points like long-dated contracts and pilots, and equally strong execution and funding risks typical of speculative, transition-focused energy ventures.

NEWS

November 20, 2025 · 9:15 AM UTC

NextNRG Secures 28-Year Microgrid Power Purchase Agreement with California Healthcare Facility, Expanding into a Multi-Billion-Dollar Healthcare Resilience Market

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November 13, 2025 · 10:11 AM UTC

NextNRG to Host Third Quarter 2025 Financial Results Conference Call on November 17, 2025 at 8:30 a.m. ET

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October 29, 2025 · 5:00 PM UTC

NextNRG to Present at the ThinkEquity Conference

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October 13, 2025 · 9:01 AM UTC

NextNRG Reports Preliminary September 2025 Revenue Growth of 229% Year-Over-Year

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October 1, 2025 · 9:17 AM UTC

NextNRG Expands Mobile Fueling Operations to Fort Myers, Florida

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