NextNRG full-year 2025 revenue jumps 195%
NextNRG, Inc. reported full-year 2025 revenue of $81.8 million, up 195% from $27.8 million in 2024, driven mainly by expansion of its Mobile Fuel Delivery platform and new markets.
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Rhea-AI Filing Summary
NextNRG, Inc. reported full-year 2025 revenue of $81.8 million, up 195% from $27.8 million in 2024, driven mainly by expansion of its Mobile Fuel Delivery platform and new markets. Gross profit rose to $6.9 million, with gross margin improving to 8.4% from 6.4%.
Despite strong top-line growth, the company posted a 2025 GAAP operating loss of $70.2 million and a GAAP net loss of $88.2 million, including $42.6 million in non-cash stock-based compensation, $18.0 million in interest expense, and an $8.5 million impairment charge. However, Adjusted EBITDA more than doubled to $17.1 million from $8.9 million, reflecting better underlying operating performance.
In the fourth quarter of 2025, mobile fuel delivery revenue was about $23 million, with December revenue up 253% year over year and fuel volumes of roughly 2.53 million gallons. Fuel delivery gross margin reached 10.4% in the quarter, above the full-year average. Management highlighted new long-term energy infrastructure agreements and an active smart microgrid pipeline as foundations for future growth.
Positive
- Revenue and Adjusted EBITDA surged: 2025 revenue grew 195% to $81.8 million and Adjusted EBITDA rose about 91% to $17.1 million, showing rapid scale and improving underlying operating performance.
Negative
- GAAP losses widened significantly: 2025 GAAP net loss increased to $88.2 million, with $70.2 million operating loss and heavy non-cash stock-based compensation, interest expense, and impairment charges weighing on profitability.
Insights
Explosive revenue growth is offset by very large GAAP losses.
NextNRG delivered hyper-growth in 2025: revenue rose to $81.8M, a 195% increase from $27.8M. Gross profit expanded to $6.9M, and gross margin improved from 6.4% to 8.4%, indicating some operating leverage as the platform scaled.
However, profitability on a GAAP basis remains weak. Operating loss reached $70.2M and net loss widened to $88.2M, driven by $42.6M of stock-based compensation, $18.0M of interest expense, and an $8.5M impairment. These items highlight a capital-intensive, stock-heavy model and balance sheet pressure.
On a non-GAAP basis, Adjusted EBITDA almost doubled to $17.1M, up about 91%, suggesting improving core unit economics. The fourth quarter showed stronger fuel delivery margins of about 10.4% versus the full-year 8.4%. Future filings will be important to see if higher margins and lower non-cash charges can narrow GAAP losses.
8-K Event Classification
Key Figures
Key Terms
Adjusted EBITDA financial
non-GAAP financial measure financial
impairment charges financial
Mobile Fuel Delivery platform financial
smart microgrids technical
long-term energy infrastructure agreements financial
Offering Details
FAQ
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How much revenue did NextNRG (NXXT) generate in 2025?
What was NextNRG (NXXT)’s net loss and Adjusted EBITDA for 2025?
How did NextNRG’s gross margin change in 2025 versus 2024?
What were NextNRG (NXXT)’s key fourth quarter 2025 operating highlights?
How does NextNRG define and use Adjusted EBITDA in its results?
What strategic initiatives supported NextNRG’s 2025 performance?
AI-generated analysis. How Rhea-AI works. Not financial advice.