NextNRG Reports Q1 2025 Revenues up 147% Year-over-Year

Rhea-AI Summary

NextNRG (NASDAQ: NXXT) reported strong Q1 2025 financial results, with revenue surging 147% year-over-year to $16.3 million from $6.6 million. The company delivered 4.7 million gallons, up 183% YoY, while maintaining an improved fuel margin of $0.71 per gallon. Gross profit increased 12% to $518,000. The company completed a $15 million public offering and expanded into new markets including Phoenix, Austin, San Antonio, and Houston. NextNRG's growth strategy focuses on three main areas: AI-powered Utility Operating System for grid management, wireless EV charging infrastructure, and mobile energy logistics. Notable achievements include partnerships with major e-commerce companies, the Shell Oil mobile fleet acquisition, and planned utility-scale microgrid deployment in Northern Florida for Q2 2025.

Positive

• Revenue growth of 147% YoY to $16.3M with strong April preliminary revenue up 154%
• Fuel volume increased 183% to 4.7M gallons with improved margins of $0.71 per gallon
• Successful $15M public offering strengthening capital position
• Geographic expansion into 4 new markets and 7th operational state
• Strategic acquisitions of Shell Oil mobile fleet and Yoshi Mobility assets
• New partnership with world's largest e-commerce company

Negative

• Modest gross profit growth of only 12% despite 147% revenue increase
• Low cash position of $2.1M relative to operational scale
• Significant dependence on capital raises for growth as evidenced by recent public offering

Insights

Financial Analyst

NextNRG's 147% revenue spike shows strong execution but gross margins declined significantly despite higher per-gallon margins, raising profitability concerns.

NextNRG's Q1 2025 results show impressive revenue growth of 147% year-over-year, reaching $16.3 million compared to $6.6 million in Q1 2024. This growth was driven by a 183% increase in fuel volume, delivering 4.7 million gallons versus 1.7 million in the prior year period, demonstrating strong market penetration.

However, beneath the headline growth are concerning profitability metrics. Despite the substantial revenue jump, gross profit only increased by 12% to $518,000. This translates to a dramatic compression in gross margin from 7.0% in Q1 2024 to just 3.2% in Q1 2025—a troubling efficiency decline as the company scales.

The average fuel margin per gallon did improve from $0.65 to $0.71, but this 9.2% improvement was clearly insufficient to offset the scaling costs. The preliminary April revenue of $5.82 million (up 154% YoY) with volume increasing 207% suggests the company continues to prioritize growth over margin improvement.

Cash position stands at $2.1 million, a 31% YoY increase, bolstered by their recent $15 million public offering. This capital infusion provides runway for their ambitious expansion into seven operational states and development of their Utility Operating System, Smart Microgrids, and wireless EV charging infrastructure.

The company's three-pronged strategy targets recurring revenue streams through: 1) AI-driven grid management and microgrid systems via SaaS model, 2) wireless EV charging services, and 3) scaled mobile energy logistics. While the growth trajectory is impressive, investors should monitor whether NextNRG can reverse the concerning gross margin deterioration as these new business lines mature.

Energy Technology Specialist

NextNRG's triple-digit revenue growth masks transition challenges as it evolves from fuel delivery to high-margin energy technology provider.

NextNRG's strategic pivot from traditional mobile fuel delivery toward an integrated energy technology company is clearly underway, though still in early stages. The company is developing an ambitious technological stack centered around their AI-powered Utility Operating System, which aims to optimize energy management across microgrids, EV charging infrastructure, and mobile fuel logistics.

Their technology roadmap reveals a sophisticated platform play, transitioning from capital-intensive, low-margin fuel delivery to higher-margin, recurring revenue streams through SaaS and infrastructure-as-a-service models. The impending deployments—utility-scale microgrids in Northern Florida (Q2 2025) and bidirectional wireless EV charging in Southern Florida—represent critical tests of their technical capabilities beyond fuel logistics.

The company's operational expansion across seven states (adding Oklahoma recently) and into four new major markets (Phoenix, Austin, San Antonio, Houston) demonstrates geographic scaling, but their technological value proposition remains largely unproven. The Shell Oil mobile fleet and Yoshi Mobility acquisitions suggest they're building logistics capacity to support their technology deployment rather than purely scaling the fuel delivery business.

Most promising is the emphasis on "SaaS-based recurring revenue streams" from their Utility Operating System, indicating a strategy to monetize energy optimization software across their physical infrastructure. This integrated approach—combining physical energy delivery with AI-driven management systems—addresses a genuine market need for intelligent distributed energy solutions.

However, the press release lacks specific performance metrics for their technology deployments or customer adoption rates for new services, making it difficult to evaluate progress beyond the traditional fuel delivery business that currently drives revenue. The transition from fuel logistics provider to energy technology platform represents significant execution risk that isn't reflected in the impressive top-line growth.

Triple-Digit Growth Highlights Execution of Integrated Energy Infrastructure Strategy

Q1 2025 Conference Call Scheduled for May 22, 2025 at 9:15 AM ET

MIAMI, May 21, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging and on-demand mobile fuel delivery solutions— today announced financial results for the first quarter ended March 31, 2025, and provided a strategic update on its technology roadmap and growth trajectory.

The Company will host a conference call to discuss these results on May 22, 2025 at 9:15 AM ET. Dial-in details are as follows:

• North America Toll-Free: 1-866-524-3160
• International: 1-412-317-6760
• Canada Toll-Free: 1-866-605-3852
• Webcast URL: https://event.choruscall.com/mediaframe/webcast.html?webcastid=og66zG65

Selected Financial & Operational Highlights

Metric	Q1 2025 (unaudited)	Q1 2024 (unaudited)
Revenue	$16.3M	$6.6M
Gross Profit	$518K	$462K

“We entered 2025 with tremendous momentum and a clear roadmap to scale, and Q1 results are a reflection of that execution,” said Michael D. Farkas, CEO of NextNRG. “With triple-digit revenue growth, record-setting fuel volumes, and expanding margins, our core operations continue to exceed expectations. At the same time, we are advancing the next phase of our integrated energy strategy, with smart microgrid deployments and wireless EV charging programs progressing toward commercial launch.

We believe our hybrid platform—combining traditional fueling, electrification, and AI-driven grid intelligence—represents the future of distributed energy,” Farkas added. “As we continue executing on this vision, we are building an ecosystem capable of delivering reliable, intelligent, and sustainable infrastructure at national scale laying the foundation for enormous long-term SaaS-based recurring revenue streams.”

Recent Accomplishments

• Strong April Momentum Across Key Metrics: Preliminary April 2025 revenue reached $5.82 million, up 154% year-over-year. Volume increased 207%, underscoring sustained demand across multiple regions.
• Commercial Enterprise Expansion: Extended key existing relationships into Texas using a dedicated fleet portal for operational oversight, increasing engagement from enterprise clients seeking scalable site-level energy solutions.
• Oklahoma Market Entry: Expanded footprint into a seventh operational state under a long-term agreement with one of the country’s largest in-house fleet operators.
• Network Reach Strengthened: Grew national deployment capacity to 144 active vehicles servicing major logistics corridors across metro regions including California, Michigan, Tennessee, and the Southeastern U.S.

Q1 2025 Strategic and Operational Highlights

• Corporate Rebrand and Capital Formation: Completed $15 million public offering and corporate rebrand to NextNRG.
• Utility OS Rollout Underway: Initiated deployment of NextNRG’s AI-powered Utility Operating System to optimize microgrid efficiency, automate fleet energy delivery, and enable real-time energy management across new infrastructure projects.
• Smart Microgrids: On track to begin utility-scale microgrid deployment in Northern Florida in Q2 2025.
• EV Innovation: Planning launch of the largest bidirectional wireless EV charging pilot in Southern Florida later this year.
• Infrastructure Expansion with Strategic Acquisitions: Completed the Shell Oil mobile fleet acquisition and integration of Yoshi Mobility assets, boosting logistics capacity and infrastructure access.
• Geographic Growth in Four New Markets: Entered Phoenix, Austin, San Antonio, and Houston, furthering national service availability and support for new utility and municipal customers.
• Commercial Channel Maturation: Executed logistics support agreements with major national brands, reinforcing recurring delivery demand and infrastructure reliability.
• Fleet Partnerships: Initiated deliveries to the world’s largest e-commerce company under a multi-year agreement, significantly expanding the Company’s B2B revenue base.

First Quarter 2025 Performance

• Revenue reached $16.3 million, a 147% increase from $6.6 million in Q1 2024.
• Gallons delivered totaled 4.7 million, up 183% from 1.7 million in the prior-year quarter.
• Average fuel margin per gallon expanded to $0.71, compared to $0.65 in Q1 2024.
• Gross profit rose to $518,000, a 12% increase from $462,000 in the same period last year.
• Ended the quarter with $2.1 million in cash, a 31% year-over-year increase.
  

Looking Ahead: Scaling the Energy Intelligence Grid

NextNRG is focused on expanding its integrated platform across three infrastructure-aligned revenue streams:

1. Utility Operating System and Smart Microgrids: Deploying AI-driven grid management software and battery/solar microgrid systems through SaaS and power purchase agreements.
2. Wireless EV Charging: Advancing from R&D to commercial pilots with property owners, CPOs, and municipalities.
3. Mobile Energy Logistics: Scaling across sectors with centralized scheduling and recurring site-level optimization.
   

About NextNRG, Inc.
NextNRG, Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.

At the core of NextNRG’s strategy is its Utility Operating System, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives.

NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

To find out 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

What was NextNRG's (NXXT) revenue growth in Q1 2025?

NextNRG reported Q1 2025 revenue of $16.3 million, representing a 147% increase from $6.6 million in Q1 2024.

How many gallons did NextNRG (NXXT) deliver in Q1 2025?

NextNRG delivered 4.7 million gallons in Q1 2025, a 183% increase from 1.7 million gallons in Q1 2024.

What was NextNRG's (NXXT) gross profit in Q1 2025?

NextNRG's gross profit was $518,000 in Q1 2025, up 12% from $462,000 in Q1 2024.

What new markets did NextNRG (NXXT) expand into?

NextNRG expanded into Phoenix, Austin, San Antonio, and Houston markets, and entered Oklahoma as its seventh operational state.

What strategic acquisitions did NextNRG (NXXT) complete in Q1 2025?

NextNRG completed the acquisition of Shell Oil mobile fleet and integrated Yoshi Mobility assets to boost logistics capacity and infrastructure access.