NextNRG Reports Second Quarter 2026 Financial Results
Rhea-AI Summary
NextNRG (NASDAQ: NXXT) reported second quarter 2026 revenue of $27.7 million, up 40.9% year-over-year, driven by expansion of its mobile fueling operations. Gross profit rose to $2.0 million, while loss from operations improved to $(4.4) million from $(30.8) million.
Net loss narrowed by 81.7% to $(6.6) million, and diluted loss per share improved to $(0.04) from $(0.30). Adjusted EBITDA loss improved 61.6% to $(2.2) million, helped by an 81% reduction in operating expenses, largely from lower stock-based compensation.
Interest expense declined 38% to $2.7 million as the company continued simplifying its capital structure. NextNRG completed a $6.4 million private placement, ending the quarter with $0.9 million in cash and total assets of $12.4 million, while advancing its AI-driven microgrid, EV charging, and mobile fueling businesses.
Positive
- Revenue +40.9% YoY to $27.7 million in Q2 2026
- Net loss down 81.7% to $(6.6) million in Q2 2026
- Adjusted EBITDA loss improved 61.6% to $(2.2) million
- Operating expenses down about 81% to $6.0 million
- Interest expense reduced 38% to $2.7 million
- $6.4 million private placement completed to bolster capital
Negative
- Continuing net loss of $(6.6) million in Q2 2026
- Negative Adjusted EBITDA of $(2.2) million despite improvements
- Cash balance only $0.9 million as of June 30, 2026
- Interest expense still $2.7 million despite 38% reduction
- Ongoing need for financing as management evaluates capital initiatives
News Explained
NextNRG completed a
Sources and calculations
- NextNRG Reports Second Quarter 2026 Financial Results (2026-08-13)
- Private placement / PIPE (2026-07-17)
- NextNRG 2026 first-quarter fundamentals (2026Q1)
- Offering gross vs quarterly operating cash outflow, in days of cash use $6,400,000 / ($2,148,891 / 90) = [object Object]
Market Reaction – NXXT
Following this news, NXXT has gained 2.14%, reflecting a moderate positive market reaction. Argus tracked a peak move of +36.4% during the session. Our momentum scanner has triggered 70 alerts so far, indicating high trading interest and price volatility. The stock is currently trading at $0.33. Trading volume is exceptionally heavy at 5.6x the average, suggesting very strong buying interest.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 14 | preliminary revenue update | Positive | -3.1% | June revenue rose 26% year-over-year, while the 24-hour reaction was -3.14%. |
| Jun 05 | preliminary revenue update | Positive | -15.3% | May revenue increased 41% year-over-year, while the 24-hour reaction was -15.27%. |
| May 19 | preliminary revenue update | Positive | +100.0% | April revenue grew 56% year-over-year, followed by a 100.02% 24-hour reaction. |
| May 15 | quarterly earnings report | Positive | +46.2% | Q1 revenue rose 29% year-over-year and the 24-hour reaction was 46.22%. |
| Apr 15 | annual earnings report | Positive | -19.9% | Full-year revenue reached $81.8M, while the 24-hour reaction was -19.93%. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings-related announcements showed mixed reactions, with three negative and two positive 24-hour price reactions.
Key Terms
adjusted ebitda financial
non-gaap financial measure financial
private placement financial
power purchase agreements financial
microgrid technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Revenue Increased
MIAMI, Aug. 13, 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 announced financial results for the second quarter ended June 30, 2026.
"Our second quarter results reflect disciplined execution across our business," said Michael D. Farkas, Founder and CEO of NextNRG. "Revenue grew
Mr. Farkas continued, "We also made real progress cleaning up our balance sheet this quarter. Interest expense declined
Second Quarter 2026 Financial Highlights
| Metric | Q2 2026 | Q2 2025 | % Change | ||
| Revenue | |||||
| Gross Profit | |||||
| Loss from Operations | |||||
| Net Loss | |||||
| Interest Expense | |||||
| Adjusted EBITDA (1) | |||||
(1) Adjusted EBITDA is a non-GAAP financial measure. See reconciliation and Non-GAAP Financial Measures disclosure below.
Second Quarter 2026 Financial Results
Revenue for the three months ended June 30, 2026 was
Gross profit increased to
Loss from operations was
Net loss was
Interest expense was
During the quarter, the Company also strengthened its balance sheet through the completion of a
Adjusted EBITDA
The following table presents a reconciliation of net loss to Adjusted EBITDA for the three months ended June 30, 2026 and 2025:
| Net Loss to Adjusted EBITDA Reconciliation | Q2 2026 | Q2 2025 | % Change |
| Net loss | |||
| Add: Interest expense | 2,678,729 | 4,319,031 | |
| Add: Depreciation and amortization | 335,382 | 555,752 | |
| Add: Stock-based compensation | 1,396,748 | 25,499,097 | |
| Adjusted EBITDA |
Adjusted EBITDA loss was
Balance Sheet and Liquidity
As of June 30, 2026, the Company had:
- Cash and cash equivalents of
$883,696 , compared to$2,652,838 and$384,140 at June 30, 2025, and December 31, 2025, respectively - Total assets of
$12,351,220 , compared to$11,063,353 at December 31, 2025 - Accounts receivable of
$2,913,281 , compared to$2,039,214 at December 31, 2025
Management continues to evaluate multiple financing and strategic initiatives intended to support working capital requirements, operational growth, and expansion of the Company's AI-powered smart controller deployments.
Looking Ahead: Scaling the Integrated Energy Platform
Looking ahead, NextNRG remains focused on converting its growing energy infrastructure pipeline into long-term recurring revenue while continuing to expand and optimize its mobile fueling platform.
NextNRG's three business lines are connected by a single dynamic. Mobile fueling customers are continuously working to electrify their fleets, and electrification creates two problems: the cost of energy and the availability of energy. The Company's AI-driven smart controller deployed in microgrids solves both. In the other direction, the commercial and industrial sites that deploy our controller in microgrids are frequently the same fleet operators the Company already fuels.
- AI-Driven Smart Microgrid Controller: The Company continues to advance its microgrid pipeline across commercial, healthcare, municipal, industrial and federal markets. Signed California power purchase agreements are moving forward into their next development steps.
- EV Charging: NextNRG continues to expand its commercial EV charging business through the sale and deployment of standard wired charging solutions while advancing its proprietary wireless charging technology toward commercialization.
- Mobile Fueling Logistics: The Company continues to scale and optimize national fueling operations, with a focus on route efficiency, fleet utilization, and disciplined cost management.
Non-GAAP Financial Measures
Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA should not be considered a substitute for measures prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), nor should it be viewed as a substitute for operating results determined in accordance with GAAP. We believe that the presentation of Adjusted EBITDA, which excludes the impact of net interest expense, taxes, depreciation, amortization, and stock-based 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 the reconciliation of net loss to Adjusted EBITDA above.
About NextNRG, Inc.
NextNRG, Inc. (NextNRG) is Powering What’s Next by deploying its AI-driven Smart Controller, a proprietary AI technology that continuously optimizes how energy is generated, stored, and consumed. The Company deploys the controller within microgrids at commercial, healthcare, municipal, industrial and federal sites, and at a utility scale through the Next Utility Operating System. NextNRG also sells EV chargers, is advancing wireless in-motion charging, and operates one of the nation's largest on-demand mobile fueling fleets.To learn more, visit www.nextnrg.com.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, or 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. The contents of any website referenced in this press release are not incorporated by reference herein.
Investor Relations Contact
NextNRG, Inc.
Sharon Cohen
SCohen@nextnrg.com
Media Contact
HCM for NextNRG
nextnrg@hannahcranstonmedia.com
