NextNRG Reports Full Year and Fourth Quarter 2025 Financial Results

Rhea-AI Summary

NextNRG (NASDAQ: NXXT) reported full-year 2025 revenue of $81.8M, up 195% from 2024, with gross profit of $6.9M and GAAP net loss of $88.2M. Adjusted EBITDA was $17.1M. The company cited fleet integration, market expansion, margin improvement and first long-term infrastructure agreements as drivers.

Positive

• Revenue +195% YoY to $81.8M in 2025
• Adjusted EBITDA increased to $17.1M (approx. 91% YoY)
• Signed first long-term energy infrastructure agreements
• December revenue grew 253% YoY with 2.53M gallons

Negative

• GAAP net loss of $88.2M in 2025
• Operating loss of $70.2M including $42.6M stock compensation
• Interest expense of $17.0M contributed to losses
• Impairment charge of $8.54M recorded in 2025

Argus Apr 16 session

-19.93% close to close Open Argus

Details

News Market Reaction – NXXT

On Apr 16, the first trading day after this news, NXXT closed 19.93% below the previous close.

Data tracked by StockTitan Argus for the Apr 16 session.

Key Figures

Full-year revenue 2025: $81.8M Gross profit 2025: $6.9M Gross margin 2025: 8.4% +5 more

Full-year revenue 2025

$81.8M

FY 2025 vs $27.8M in FY 2024, 195% growth

Gross profit 2025

$6.9M

FY 2025 vs $1.8M in FY 2024

Gross margin 2025

8.4%

FY 2025 vs 6.4% in FY 2024

Net loss 2025 (GAAP)

$(88.2M)

Full year 2025 GAAP net loss

Operating loss 2025 (GAAP)

$(70.2M)

Full year 2025 GAAP operating loss

Non-cash stock-based comp

$42.6M

Included in 2025 results

Adjusted EBITDA 2025

$17.1M

FY 2025 vs $8.9M in FY 2024, ~91% growth

Q4 fuel delivery revenue

$23M

Fourth quarter 2025 mobile fuel delivery revenue

Previous Earnings Reports

5 past events · Latest: Dec 09

Same Type 5 events

1. Dec 09

   Prelim Nov 2025 revenue

   24h Move

   +16.1%

   Preliminary November revenue up 271% year-over-year to $7.51M.

2. Nov 07

   Prelim Oct 2025 revenue

   24h Move

   +14.9%

   Preliminary October revenue of $7.39M, up 196% year-over-year.

3. Oct 13

   Prelim Sep 2025 revenue

   24h Move

   +8.7%

   September revenue of $7.07M, 229% year-over-year growth with higher volumes.

4. Sep 10

   Prelim Aug 2025 revenue

   24h Move

   -2.6%

   August revenue of $7.51M, 222% year-over-year growth and strong volumes.

5. Aug 07

   Prelim Jul 2025 revenue

   24h Move

   +0.7%

   Record July revenue of $8.19M, up 236% year-over-year and 17% sequentially.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

adjusted ebitda, non-gaap, impairment charges, stock-based compensation

4 terms

adjusted ebitda financial

"Adjusted EBITDA ² | $17.1M | $8.9M"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-gaap financial

"Adjusted EBITDA is a non-GAAP financial measure."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

impairment charges financial

"excludes net interest expense, taxes, depreciation and amortization, impairment charges, and stock-based compensation."

Impairment charges are one-time accounting write-downs taken when a company decides an asset — like a factory, brand, patent, or investment — is worth less than it was recorded for. Like marking down the price of a damaged item on a store shelf, they reduce reported profits and the asset’s book value; investors watch them because they can signal lasting business problems or change future earnings and balance-sheet strength.

stock-based compensation financial

"Includes $42.6M in non-cash stock-based compensation."

Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Revenue Increases 195% Year Over Year to $81.8 Million

MIAMI, April 15, 2026 (GLOBE NEWSWIRE) -- NextNRG, Inc. (NASDAQ: NXXT) (“NextNRG” or the “Company”), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today reported financial results for the full year and fourth quarter ended December 31, 2025.

“In 2025, we generated $81.8 million in revenue, representing a 195% increase over the $27.8 million generated in 2024. That level of growth reflects the scale we achieved through fleet integration, new market expansion, and improving operational execution across our platform,” said Michael D. Farkas, Founder and CEO of NextNRG. “At the same time, we expanded margins and signed our first long-term energy infrastructure agreements. We believe 2025 established the operational foundation for continued margin expansion and long-term revenue growth.”

2025 Key Financial Metrics

Metric	FY 2025		FY 2024
Revenue	$81.8M		$27.8M
Gross Profit	$6.9M		$1.8M
Gross Margin	8.4%		6.4%
Operating Loss (GAAP) ¹	$(70.2M)		$(11.7M)
Net Loss (GAAP) ¹	$(88.2M)		$(21.4M)
Adjusted EBITDA ²	$17.1M		$8.9M

(1) Includes $42.6M in non-cash stock-based compensation.
(2) Adjusted EBITDA excludes net interest expense, taxes, depreciation and amortization, impairment charges, and stock-based compensation. See the reconciliation of net loss to Adjusted EBITDA in “Full Year 2025 Financial Results” below and “Non-GAAP Financial Measures” below for additional important disclosures.

Full Year 2025 Financial Results

Revenue for the year ended December 31, 2025 was $81,835,279, compared to $27,770,280 in 2024, representing growth of 195% year-over-year. Revenue growth was driven by expansion of the Company’s Mobile Fuel Delivery platform, including fleet integration, entry into new markets, and increased activity with commercial fleet customers.

Gross profit increased to $6,907,030, compared to $1,786,938 in 2024, representing approximately 286% year-over-year growth. Consolidated gross margin improved to 8.4%, compared to 6.4% in the prior year, reflecting improving operating efficiency as the network scaled.

Operating loss for 2025 was $70,192,548 and net loss was $88,175,997. Results included $42,589,563 in non-cash stock-based compensation, $17,011,361 in interest expense, and an $8,535,825 non-cash impairment charge. Adjusted EBITDA for the full year 2025 was $17,090,337, compared to $8,937,850 in 2024, representing an increase of approximately 91% year-over-year.

The following is a reconciliation of net loss to the non-GAAP financial measure referred to as Adjusted EBITDA for the years ended December 31, 2025 and 2024:

Net Loss/Adjusted EBITDA Reconciliation	FY 2025		FY 2024
Net Loss (GAAP)		$(88,175,997)		$(21,396,633)
Add: Interest expense, net		17,983,449		9,367,915
Add: Depreciation and amortization		2,689,293		1,545,806
Add: Impairment charges		8,535,825		13,422
Add: Stock-based compensation		42,589,563		1,531,640
Adjusted EBITDA (1)		$17,090,337		$8,937,850

      (1) Adjusted EBITDA is a non-GAAP financial measure. See “Non-GAAP Financial Measures” below for additional important disclosures.

Fourth Quarter 2025 Results

The fourth quarter of 2025 represented the Company’s strongest operating period of the year. Mobile fuel delivery revenue was approximately $23 million, comprised of approximately $7.4 million in October 2025, $7.5 million in November 2025, and $8.0 million in December 2025. December 2025 revenue represented 253% year-over-year growth, with fuel volumes of approximately 2.53 million gallons.

Gross margin in the fuel delivery business was approximately 10.4% in the fourth quarter of 2025, compared to the full-year consolidated average of 8.4%. Management attributes this improvement to route optimization, tighter scheduling discipline, and improved fleet utilization in more mature markets.

Strategic Update

During 2025, the Company expanded its operating footprint, integrated acquired fleet assets, and executed its first long-term energy infrastructure agreements. These agreements combine on-site generation, battery storage, and intelligent energy management under long-term structured contracts.

The Company ended 2025 with an active pipeline of smart microgrid opportunities across healthcare, manufacturing, amusement parks, municipalities, and logistics facilities. Management believes 2025 established the operational foundation for converting pipeline opportunities into contracted revenue while continuing to improve unit economics across the fueling platform.

“2025 was the year we scaled the platform,” added Mr. Farkas. “We almost tripled revenue, expanded nationally, improved margins, and signed our first infrastructure contracts. We believe these milestones position the Company for continued operational improvement and long-term growth.”

Non-GAAP Financial Measures

This press release references Adjusted EBITDA, a non-GAAP financial measure. Adjusted EBITDA should not be considered a substitute for GAAP-basis measures, nor should it be viewed as a substitute for operating results determined in accordance with GAAP. We believe that the presentation of Adjusted EBITDA, a non-GAAP financial measure that excludes the impact of net interest expense, taxes, depreciation, amortization, impairment of goodwill, other intangibles and fixed assets, and stock compensation expense, provides useful supplemental information that is essential to a proper understanding of our financial results. Non-GAAP measures are not formally defined by GAAP, and other entities may use calculation methods that differ from ours for the purposes of calculating Adjusted EBITDA. As a complement to GAAP financial measures, we believe that Adjusted EBITDA assists investors who follow the practice of some investment analysts who adjust GAAP financial measures to exclude items that may obscure underlying performance and distort comparability. See “Full Year 2025 Financial Results” above for a reconciliation of Adjusted EBITDA to net loss.

About NextNRG, Inc.

NextNRG Inc. (NextNRG) is Powering What's Next by integrating artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy and mobile fuel delivery, to create a unified platform for modern energy management.

At the core of its strategy is the Next Utility Operating System®, which uses AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations. NextNRG's smart microgrids serve commercial, healthcare, educational, tribal, and government sites delivering cost savings, reliability, and decarbonization. The company also operates one of the nation's largest on-demand fueling fleets and is advancing wireless charging to support fleet electrification.

To learn more, visit www.nextnrg.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG's goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG's business and macroeconomic and geopolitical events. These and other risks are described in NextNRG's filings with the Securities and Exchange Commission from time to time. NextNRG's forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

Investor Relations Contact
NextNRG, Inc.
Sharon Cohen
SCohen@nextnrg.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were NextNRG (NXXT) full-year 2025 revenue and net loss figures?

NextNRG reported $81.8M revenue for 2025 and a GAAP net loss of $88.2M. According to the company, revenue rose 195% year-over-year driven by fleet integration and new market expansion, while results included non-cash stock compensation and impairment charges.

How did NextNRG's Adjusted EBITDA for 2025 compare to 2024 (NXXT)?

Adjusted EBITDA was $17.1M in 2025, up from $8.9M in 2024, an increase of about 91%. According to the company, Adjusted EBITDA excludes interest, taxes, depreciation, impairment, and stock-based compensation to show operating performance.

What drove NextNRG's fourth-quarter 2025 revenue growth (NXXT)?

Fourth-quarter strength was led by mobile fuel delivery, with December revenue up 253% year-over-year and ~2.53 million gallons delivered. According to the company, improvements came from route optimization, tighter scheduling, and better fleet utilization in mature markets.

What material charges affected NextNRG's 2025 GAAP results (NXXT)?

GAAP results included $42.6M of non-cash stock-based compensation, $17.0M of interest expense, and an $8.54M impairment charge. According to the company, these items materially increased operating and net losses for the year.

Does NextNRG (NXXT) have new contracts or growth initiatives for 2026?

The company announced signing its first long-term energy infrastructure agreements and an active pipeline of smart microgrid opportunities across sectors. According to the company, these contracts combine on-site generation, storage, and intelligent management under structured agreements.