NextNRG (NXXT) boosts Q2 revenue 41% as net loss drops 82% year-over-year
Rhea-AI Filing Summary
NextNRG, Inc. reported strong year-over-year improvement for the quarter ended June 30, 2026. Revenue rose 40.9% to $27.7 million, driven by expansion of mobile fueling operations. Gross profit increased to $2.0 million.
Loss from operations narrowed sharply to $(4.4) million from $(30.8) million, primarily due to an approximately $24.1 million reduction in stock-based compensation after a one-time issuance in the prior year. Net loss improved to $(6.6) million, down 81.7% from $(36.1) million, while diluted loss per share improved to $(0.04) from $(0.30).
Interest expense decreased 38.0% to $2.7 million, and Adjusted EBITDA loss improved 61.6% to $(2.2) million. As of June 30, 2026, cash and cash equivalents were $883,696 and total assets were $12.4 million. The company completed a $6.4 million private placement and is pursuing additional financing and strategic initiatives to support working capital, growth of its mobile fueling logistics, EV charging, and AI-driven microgrid controller businesses.
Positive
- Revenue grew 40.9% to $27.7 million year-over-year, reflecting continued expansion of mobile fueling operations and geographic reach.
- Net loss decreased 81.7% to $6.6 million, with loss from operations improving 85.6%, indicating markedly better operating performance.
- Adjusted EBITDA loss narrowed 61.6% to $2.2 million, helped by lower stock-based compensation and reduced interest expense.
- Interest expense declined 38.0% to $2.7 million, consistent with efforts to simplify the capital structure and reduce financing costs.
- $6.4 million private placement was completed, adding capital to support fueling operations and the broader energy project pipeline.
Negative
- Company remains unprofitable, with a Q2 2026 net loss of $6.6 million and Adjusted EBITDA still negative at $2.2 million.
- Limited liquidity with cash and cash equivalents of $883,696 as of June 30, 2026, alongside ongoing plans to seek additional financing.
Filing Explained
The August 13 Form 8-K furnishes second-quarter results, and its press release is not treated as filed under Section 18; although the company calls the
Sources and calculations
- NextNRG Form 8-K and Exhibit 99.1 press release (2026-08-13)
- NextNRG Q2 2026 fundamentals (2026-06-30)
- Cash and equivalents vs quarterly operating cash outflow, in days of cash use $883,696 / ($2,418,715 / 90) = [object Object]
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q2 2026 Revenue: $27,747,948
Q2 2026 Net Loss: $(6,624,702)
Q2 2026 Adjusted EBITDA: $(2,213,843)
+4 more
7 metrics
Q2 2026 Revenue
$27,747,948
Revenue for the three months ended June 30, 2026; 40.9% year-over-year increase
Q2 2026 Net Loss
$(6,624,702)
Net loss for the three months ended June 30, 2026; 81.7% reduction vs Q2 2025
Q2 2026 Adjusted EBITDA
$(2,213,843)
Adjusted EBITDA loss for Q2 2026; 61.6% improvement vs Q2 2025
Q2 2026 Interest Expense
$2,678,729
Interest expense for Q2 2026; 38.0% decline year-over-year
Cash and Cash Equivalents
$883,696
Cash and cash equivalents as of June 30, 2026
Total Assets
$12,351,220
Total assets as of June 30, 2026
Private Placement
$6,400,000
Capital raised in a private placement completed during Q2 2026
Key Terms
Adjusted EBITDA, stock-based compensation, mobile fueling operations, power purchase agreements, +2 more
6 terms
Adjusted EBITDA financial
"Adjusted EBITDA loss, the metric we believe best reflects the underlying operating performance"
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.
stock-based compensation financial
"The decrease was primarily driven by a $24,102,349 reduction in stock-based compensation expense"
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.
mobile fueling operations technical
"Revenue growth was driven by continued expansion of the Company’s mobile fueling operations"
power purchase agreements financial
"Signed California power purchase agreements are moving forward into their next development steps"
A power purchase agreement is a long-term contract in which a buyer agrees to purchase electricity from a specific generator at a set price and schedule, much like a multi-year subscription for energy. For investors, these contracts matter because they lock in predictable revenue and price terms, reducing exposure to volatile wholesale power markets and making project cash flows and financing risks easier to evaluate.
microgrids technical
"The Company deploys the controller within microgrids at commercial, healthcare, municipal, industrial and federal sites"
A microgrid is a small, localized electricity system that can operate connected to the main power grid or independently, like a neighborhood having its own backup power plant. For investors, microgrids matter because they can reduce energy costs, improve reliability during outages, enable sale of surplus power or grid services, and benefit from policy incentives — all of which can create steady revenue streams and lower operating risk for businesses and communities.
non-GAAP financial measure financial
"Adjusted EBITDA is a non-GAAP financial measure"
A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.
Earnings Snapshot
Revenue: $27,747,948
Quarter ended June 30, 2026
Revenue
$27,747,948
40.9% increase vs Q2 2025
Net Loss
$(6,624,702)
81.7% reduction vs Q2 2025
Loss from Operations
$(4,427,212)
85.6% improvement vs Q2 2025
Adjusted EBITDA
$(2,213,843)
61.6% improvement vs Q2 2025
Interest Expense
$2,678,729
38.0% reduction vs Q2 2025
FAQ
How did NextNRG (NXXT) perform financially in Q2 2026?
NextNRG reported Q2 2026 revenue of $27.7 million, up 40.9% year-over-year. Net loss improved to $6.6 million from $36.1 million, with loss from operations and Adjusted EBITDA loss also narrowing significantly versus Q2 2025.
What were NextNRG (NXXT) key profitability metrics in Q2 2026?
Loss from operations was $(4.4) million, improving from $(30.8) million a year earlier. Adjusted EBITDA loss was $(2.2) million, a 61.6% improvement, and net loss was $(6.6) million, down 81.7% year-over-year.
How strong is NextNRG (NXXT)’s balance sheet as of June 30, 2026?
As of June 30, 2026, NextNRG had cash and cash equivalents of $883,696, total assets of $12.4 million, and accounts receivable of $2.9 million. The company also completed a $6.4 million private placement during the quarter.
What drove NextNRG (NXXT)’s revenue growth in Q2 2026?
Q2 2026 revenue rose 40.9% to $27.7 million, primarily driven by continued expansion of mobile fueling operations, including higher fuel volumes delivered and ongoing geographic expansion of its fueling network.
How did NextNRG (NXXT) reduce its expenses in Q2 2026?
Operating expenses fell to $6.0 million from $31.8 million, largely due to a $24.1 million reduction in stock-based compensation following a one-time prior-year share issuance, as well as lower interest expense and improved operating leverage.
What non-GAAP measure does NextNRG (NXXT) highlight and why?
NextNRG emphasizes Adjusted EBITDA, which excludes interest, taxes, depreciation, amortization, and stock-based compensation. Management believes this non-GAAP measure helps clarify underlying operating performance and improves comparability for investors.
What are NextNRG (NXXT)’s main business lines going forward?
NextNRG focuses on three connected areas: AI-driven smart microgrid controllers for commercial and utility-scale sites, EV charging including wireless technology, and mobile fueling logistics supporting fleet operators nationwide.
AI-generated analysis. How Rhea-AI works. Not financial advice.
