NextNRG Inc. Financials
This page shows NextNRG Inc. (NXXT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rapid sales expansion has been paired with cash-funded overhead growth, leaving NextNRG reliant on external capital rather than internal earnings.
Between FY2024 and FY2025, revenue nearly tripled to$81.8M while interest expense fell to$1.2M , yet net loss still deepened because overhead scaled faster than gross profit rather than being absorbed by it. That matters because FY2025 operating cash flow of-$14.5M was almost the same as free cash flow of-$14.7M , showing the burn came mainly from day-to-day operations, not from heavy capital spending.
The balance sheet now looks short-term tight: cash was just
FY2025's gross margin improved to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of NextNRG Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NextNRG Inc. has an operating margin of -85.8%, meaning the company retains $-86 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -42.2% the prior year.
NextNRG Inc.'s revenue surged 194.7% year-over-year to $81.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
NextNRG Inc. carries a low D/E ratio of -1.69, meaning only $-1.69 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
NextNRG Inc.'s current ratio of 0.11 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
NextNRG Inc. passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, NextNRG Inc. generates $0.17 in operating cash flow (-$14.5M OCF vs -$85.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
NextNRG Inc. earns $-4.1 in operating income for every $1 of interest expense (-$70.2M vs $17.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
NextNRG Inc. generated $81.8M in revenue in fiscal year 2025. This represents an increase of 194.7% from the prior year.
NextNRG Inc.'s EBITDA was -$67.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 567.2% from the prior year.
NextNRG Inc. reported -$85.7M in net income in fiscal year 2025. This represents a decrease of 300.7% from the prior year.
NextNRG Inc. earned $-0.72 per diluted share (EPS) in fiscal year 2025. This represents an increase of 87.9% from the prior year.
Cash & Balance Sheet
NextNRG Inc. held $384K in cash against $0 in long-term debt as of fiscal year 2025.
NextNRG Inc. had 157M shares outstanding in fiscal year 2025. This represents an increase of 46.7% from the prior year.
Margins & Returns
NextNRG Inc.'s gross margin was 8.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.
NextNRG Inc.'s operating margin was -85.8% in fiscal year 2025, reflecting core business profitability. This is down 43.6 percentage points from the prior year.
NextNRG Inc.'s net profit margin was -104.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 27.7 percentage points from the prior year.
Capital Allocation
NXXT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.1M-8.5% | $23.0M+0.7% | $22.9M+16.1% | $19.7M+21.0% | $16.3M+139.7% | $6.8M-2.8% | $7.0M-5.6% | $7.4M |
| Cost of Revenue | $19.3M-6.2% | $20.6M+1.1% | $20.4M+12.7% | $18.1M+15.0% | $15.8M+137.9% | $6.6M+3.8% | $6.4M-6.8% | $6.8M |
| Gross Profit | $1.7M-28.0% | $2.4M-2.6% | $2.4M+55.6% | $1.6M+203.1% | $518K+209.2% | $168K-72.4% | $607K+10.2% | $551K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $10.7M-39.2% | $17.6M+61.8% | $10.9M-65.7% | $31.8M+473.8% | $5.5M+36.3% | $4.1M+27.3% | $3.2M+15.4% | $2.8M |
| Operating Income | -$10.1M+59.1% | -$24.7M-174.1% | -$9.0M+70.7% | -$30.8M-434.7% | -$5.8M-34.9% | -$4.3M-42.9% | -$3.0M-14.8% | -$2.6M |
| Interest Expense | $2K-100.0% | $8.5M+94.6% | $4.4M+1.7% | $4.3M+38587.1% | $11K+101.0% | -$1.2M-117.0% | $6.8M+120.6% | $3.1M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$10.7M+59.8% | -$26.7M-89.2% | -$14.1M+60.9% | -$36.1M-310.8% | -$8.8M-253.4% | -$2.5M+76.6% | -$10.6M-89.1% | -$5.6M |
| EPS (Diluted) | $-0.07 | N/A | $-0.12+60.0% | $-0.30+81.1% | $-1.59 | N/A | $-0.71-1083.3% | $-0.06 |
NXXT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.3M+10.8% | $11.1M-43.7% | $19.6M-23.0% | $25.5M-1.9% | $26.0M+16.3% | $22.4M+298.1% | $5.6M-74.9% | $22.4M |
| Current Assets | $5.5M+73.9% | $3.2M-31.1% | $4.6M-43.6% | $8.2M+17.8% | $7.0M+105.0% | $3.4M+26.0% | $2.7M+18.1% | $2.3M |
| Cash & Equivalents | $208K-45.8% | $384K-41.3% | $654K-75.4% | $2.7M+25.3% | $2.1M+31.3% | $1.6M+94.7% | $828K+169.9% | $307K |
| Inventory | $839K+37.6% | $610K+79.4% | $340K+49.7% | $227K+2.7% | $221K+74.9% | $126K+23.1% | $103K-18.8% | $126K |
| Accounts Receivable | $2.9M+42.2% | $2.0M-25.5% | $2.7M-10.1% | $3.0M-21.9% | $3.9M+141.8% | $1.6M+3.9% | $1.6M-3.7% | $1.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $34.3M+3.4% | $33.2M-10.1% | $36.9M-6.2% | $39.3M+24.0% | $31.7M-9.6% | $35.1M+1602.3% | $2.1M-92.4% | $27.2M |
| Current Liabilities | $30.5M+7.9% | $28.3M-18.2% | $34.6M-9.0% | $38.0M+22.7% | $31.0M-10.8% | $34.7M+2396.2% | $1.4M-85.8% | $9.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $9.2M+1172.1% | $725K-91.8% | $8.8M |
| Total Equity | -$19.6M+0.5% | -$19.7M-20.4% | -$16.3M-19.8% | -$13.6M-145.3% | -$5.6M+56.3% | -$12.7M-457.9% | $3.6M+173.6% | -$4.8M |
| Retained Earnings | -$164.7M-7.0% | -$153.9M-21.0% | -$127.2M-12.8% | -$112.8M-47.4% | -$76.5M-13.3% | -$67.5M-15.0% | -$58.7M-16.1% | -$50.6M |
NXXT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.1M-447.3% | -$393K+94.9% | -$7.8M-1276.2% | -$564K+90.2% | -$5.8M-267.6% | -$1.6M-143.1% | $3.6M+152.4% | -$7.0M |
| Capital Expenditures | $5.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$7.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | $3.0M | N/A | N/A | -$11.6M-431.7% | -$2.2M-155.5% | $3.9M |
| Financing Cash Flow | $2.0M-46.0% | $3.7M+32.0% | $2.8M+387.1% | $569K-90.9% | $6.3M-56.4% | $14.4M+1136.3% | -$1.4M-142.7% | $3.3M |
| Dividends Paid | $60K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NXXT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.1%-2.2pp | 10.3%-0.4pp | 10.7%+2.7pp | 8.0%+4.8pp | 3.2%+0.7pp | 2.5%-6.2pp | 8.7%+1.2pp | 7.4% |
| Operating Margin | -47.9%+59.3pp | -107.2%-67.8pp | -39.4%+116.9pp | -156.2%-120.9pp | -35.4%+27.4pp | -62.8%-20.1pp | -42.7%-7.6pp | -35.1% |
| Net Margin | -51.0%+65.2pp | -116.1%-54.4pp | -61.8%+121.5pp | -183.3%-129.3pp | -54.0%-17.4pp | -36.6%+115.4pp | -152.0%-76.1pp | -75.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | -298.4% | N/A |
| Return on Assets | -87.5%+154.1pp | -241.6%-169.7pp | -71.9%+69.6pp | -141.5%-107.7pp | -33.8%-22.7pp | -11.1%+177.8pp | -188.9%-163.8pp | -25.1% |
| Current Ratio | 0.18+0.1 | 0.11-0.0 | 0.13-0.1 | 0.220.0 | 0.22+0.1 | 0.10-1.8 | 1.94+1.7 | 0.23 |
| Debt-to-Equity | -1.75-0.1 | -1.69+0.6 | -2.26+0.6 | -2.88+2.8 | -5.71-5.0 | -0.72-0.9 | 0.20+2.0 | -1.82 |
| FCF Margin | -7.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$19.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.11), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is NextNRG Inc.'s annual revenue?
NextNRG Inc. (NXXT) reported $81.8M in total revenue for fiscal year 2025. This represents a 194.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NextNRG Inc.'s revenue growing?
NextNRG Inc. (NXXT) revenue grew by 194.7% year-over-year, from $27.8M to $81.8M in fiscal year 2025.
Is NextNRG Inc. profitable?
No, NextNRG Inc. (NXXT) reported a net income of -$85.7M in fiscal year 2025, with a net profit margin of -104.8%.
What is NextNRG Inc.'s EBITDA?
NextNRG Inc. (NXXT) had EBITDA of -$67.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is NextNRG Inc.'s gross margin?
NextNRG Inc. (NXXT) had a gross margin of 8.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is NextNRG Inc.'s operating margin?
NextNRG Inc. (NXXT) had an operating margin of -85.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is NextNRG Inc.'s net profit margin?
NextNRG Inc. (NXXT) had a net profit margin of -104.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is NextNRG Inc.'s operating cash flow?
NextNRG Inc. (NXXT) generated -$14.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are NextNRG Inc.'s total assets?
NextNRG Inc. (NXXT) had $11.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What is NextNRG Inc.'s current ratio?
NextNRG Inc. (NXXT) had a current ratio of 0.11 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is NextNRG Inc.'s debt-to-equity ratio?
NextNRG Inc. (NXXT) had a debt-to-equity ratio of -1.69 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NextNRG Inc.'s return on assets (ROA)?
NextNRG Inc. (NXXT) had a return on assets of -775.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is NextNRG Inc.'s cash runway?
Based on fiscal year 2025 data, NextNRG Inc. (NXXT) had $384K in cash against an annual operating cash burn of $14.5M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is NextNRG Inc.'s debt-to-equity ratio negative or unusual?
NextNRG Inc. (NXXT) has negative shareholder equity of -$19.7M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is NextNRG Inc.'s Piotroski F-Score?
NextNRG Inc. (NXXT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NextNRG Inc.'s earnings high quality?
NextNRG Inc. (NXXT) has an earnings quality ratio of 0.17x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can NextNRG Inc. cover its interest payments?
NextNRG Inc. (NXXT) has an interest coverage ratio of -4.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is NextNRG Inc.?
NextNRG Inc. (NXXT) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.