Every 10-Q that New Era Energy & Digital, Inc. (NUAI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NUAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NUAI filings page.
New Era Energy & Digital, Inc. reported very small commodity revenues alongside a much larger cost base as it pivots from legacy natural gas into AI-focused data center infrastructure. For the six months ended June 30, 2026, revenue was $551,084 while the net loss widened to $31.3 million, driven largely by $25.3 million of general and administrative expenses, including significant stock-based compensation.
Total assets rose sharply to $174.7 million, including about $80.4 million of land tied mainly to its 493‑acre TCDC data center campus. Cash and cash equivalents increased to $69.8 million, with total cash, equivalents and restricted cash of $84.8 million, supported by a $112.5 million underwritten equity offering, $26.2 million of warrant exercises, and a $20.0 million draw on a Macquarie term loan facility of up to $290.0 million.
Management now reports a working capital surplus of $82.9 million and concludes that prior substantial doubt about going concern has been alleviated. The quarter also included a $70 million TCDC asset acquisition, a $1.0 million environmental settlement accrual, a shareholder class action disclosure, and a restatement of prior Q1 2026 results related to performance stock unit accounting and fee classification.
New Era Energy & Digital, Inc. filed an amended quarterly report to restate its unaudited results for the three months ended March 31, 2026 due to errors in stock-based compensation and transaction cost accounting. Grant-date fair value for performance stock units was revised to $57.3 million, increasing Q1 2026 stock-based compensation to $5.2 million and contributing to a restated net loss of $10.8 million, or $(0.19) per share.
Reclassifying $1.63 million of legal and accounting fees from expense to capitalized or deferred costs increased total assets by $1.33 million and stockholders’ equity by $1.45 million. Despite this, the company reported a $57.2 million working capital deficit and disclosed that its liquidity position raises substantial doubt about its ability to continue as a going concern.
Management and the audit committee concluded the original Q1 2026 financial statements should no longer be relied upon and identified material weaknesses in internal control over financial reporting related to share-based payment valuation and expense attribution, and to the review and classification of professional and transaction costs.
New Era Energy & Digital, Inc. reported a larger net loss of $8.99 million for the three months ended March 31, 2026, as it pivots from legacy natural gas operations toward AI-focused digital infrastructure.
Revenue from natural gas and product sales rose to $802,353, but total costs and expenses of $8.41 million and interest expense drove negative results. The company acquired full ownership of Texas Critical Data Centers LLC, adding about $71.7 million of land and lifting total assets to $86.5 million. Stockholders’ equity turned positive to $10.1 million, but working capital showed a deficit of $57.95 million and management concluded that liquidity conditions raise substantial doubt about its ability to continue as a going concern.
Subsequent to quarter-end, the company strengthened liquidity with a senior secured term loan facility of up to $290.0 million, including a fully funded initial $20.0 million tranche, and an underwritten public equity offering generating net proceeds of about $107.4 million, part of which repaid a $50.0 million convertible note tied to the TCDC acquisition.
New Era Energy & Digital, Inc. (NUAI) reported wider losses and a stronger balance sheet for Q3 2025. The company posted a net loss of $5,783,173 for the quarter and $12,709,433 for the nine months ended September 30, 2025, driven by higher general and administrative costs and interest expense.
Cash and cash equivalents rose to $14,164,499 as of September 30, 2025 from $1,053,744 at December 31, 2024, with total assets at $23,427,891. Stockholders’ equity improved to $12,940,969 from a deficit of $(2,048,838) at year-end, reflecting significant equity issuances and note conversions.
Revenue remained modest at $694,980 for the nine-month period. The company flagged “substantial doubt” about its ability to continue as a going concern due to reliance on an equity purchase facility and higher financing costs. NUAI cured its Nasdaq MVLS deficiency on October 10, 2025. Shares outstanding were 52,954,171 as of September 30, 2025; 53,449,171 were outstanding as of November 13, 2025.