Welcome to our dedicated page for NEXTNRG SEC filings (Ticker: NXXT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The NextNRG, Inc. (NASDAQ: NXXT) SEC filings page provides access to the company’s regulatory disclosures, including Form 8-K current reports and related exhibits. These documents describe material definitive agreements, financing transactions, and operational milestones that shape the company’s renewable and distributed energy strategy.
Recent 8-K filings detail long-term power purchase agreements entered into by wholly owned project subsidiaries such as NextNRG Sunnyside Microgrid LLC and NextNRG Topanga Microgrid LLC. Under these PPAs, the subsidiaries agree to design, construct, install, own, operate, and maintain on-site photovoltaic and battery energy storage systems at healthcare facilities, while the facilities purchase all electric energy generated at a contracted price per kilowatt-hour. The filings also explain that environmental incentives, environmental attributes, and tax credits associated with the systems accrue to the seller entities.
Other filings focus on capital structure and liquidity. NextNRG reports a securities purchase agreement for senior secured convertible notes and warrants, including multiple closings, original issue discounts, conversion price terms, and related security and registration rights agreements. Additional 8-Ks describe an at-the-market sales agreement for common stock, its subsequent amendment, and a stock purchase agreement under which restricted shares were issued in exchange for cancellation of indebtedness.
Through this page, users can review how NXXT documents its PPAs, financing arrangements, and preliminary financial results. Stock Titan’s tools can pair these filings with AI-powered summaries that highlight key terms in 10-Ks, 10-Qs, 8-Ks, and other reports, as well as surface information on registered and unregistered equity issuances, note obligations, and project-level contracts relevant to NextNRG’s utilities and renewable energy activities.
NextNRG, Inc. reported sharp growth in activity but continued heavy losses for the three months ended March 31, 2026. Sales reached $21,059,130, up from $16,272,673, yet cost of sales and high overhead produced a loss from operations of $10,093,843.
Net loss totaled $10,766,492 versus $8,937,999 a year earlier. Cash was only $208,048 at March 31, 2026, while total liabilities were $34,311,192 against assets of $12,263,129, leaving a stockholders’ deficit of $22,048,064.
The company relies heavily on debt, including $11,494,594 of related-party notes and $10,096,630 of other notes, some structured as merchant cash advances. Management disclosed substantial doubt about its ability to continue as a going concern without raising additional capital.
NextNRG, Inc. reported first-quarter 2026 results with revenue up 29% year-over-year to $21.1 million, driven mainly by expansion in mobile fueling operations and higher fuel volumes and pricing. Gross profit rose to $1.7 million and gross margin improved to 8.1% from 3.2% as route optimization and fleet efficiency improved.
Despite these gains, the company posted a loss from operations of $10.1 million and a net loss of $10.8 million available to common stockholders, both wider than a year ago, largely due to $7.9 million of non-cash stock-based compensation. Interest expense fell sharply to $0.7 million from $3.3 million, helping Adjusted EBITDA improve to a loss of $1.2 million from a $3.4 million loss. Cash and cash equivalents were $0.2 million as of March 31, 2026, with total assets of $12.3 million, while management evaluates financing and strategic options to support working capital and growth across its microgrid, wireless EV charging, and mobile fueling businesses.
NEXTNRG, INC. director and CEO Michael D. Farkas reported a stock grant on common shares. On April 30, 2026, he received an award of 21,739 shares of common stock at $1.83 per share, described as shares issued as a dividend on his Series B preferred shares.
After this award, he directly owns 63,237,924 common shares. He also has indirect holdings of common stock through entities, including 12,900,188 shares via SIF Energy LLC, 26,578 shares via Balance Labs, Inc., and 154,827 shares via Inductive Holdings LLC, over which he has voting and investment control.
In addition, 140,000 shares of Series B preferred stock held by him have a stated value of $10.00 per share and may convert into 725,200 common shares based on a formula using 70% of $2.78, the minimum price on the date of issuance.
NextNRG, Inc. entered into a $1,000,000 Business Loan and Security Agreement with Venture Debt, LLC on April 27, 2026. The company received $930,000 in net proceeds after a $70,000 origination fee, and must repay a total of $1,450,000 in 24 weekly installments of $60,417 through October 13, 2026.
The loan carries an annual percentage rate of approximately 203.17%, is secured by all of NextNRG’s and CEO Michael Farkas’ assets and personal property, and is personally guaranteed by Mr. Farkas. It includes restrictive covenants limiting additional high-cost financing and broad default triggers that allow Venture Debt to accelerate repayment and enforce on collateral.
NextNRG, Inc. entered into two secured financing deals with Agile Hudson Partners and FirstFire Global Opportunities Fund. Each investor purchased a secured promissory note with a principal of $275,000, issued at a $25,000 original issue discount for a $250,000 purchase price, and a one-time 10% interest charge of $27,500.
The notes are convertible into common stock after six months at 80% of the average of the three lowest volume‑weighted average prices over 15 trading days, with a $0.10 per‑share floor and equity ownership blockers at 4.99% (or 9.99% on notice). NextNRG also issued 50,000 commitment shares to each investor and granted first‑priority security interests over substantially all assets, ranking pari passu with existing secured lenders.
The agreements include strong protective terms for investors, such as rights to participate in future financings, piggyback registration and most favored nation rights, prohibitions on Variable Rate Transactions through 2027, and heavy default remedies that can accelerate the debt at 150% of outstanding amounts plus default interest and monthly principal increases.
NextNRG, Inc. filed a current report describing the expansion of its EzFill mobile fueling operations into Gainesville, Florida. EzFill is now servicing a major distribution facility in the Gainesville area from its existing Jacksonville hub, adding high-volume fueling density within the company’s established Florida network.
Management describes this move as part of a disciplined, data-driven growth strategy focused on high-volume locations, customer density, and maximizing returns on existing infrastructure rather than building standalone operations prematurely. NextNRG positions EzFill as one of the nation’s largest on-demand and fleet fueling networks, serving commercial and enterprise fleet customers across multiple states.
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.
NextNRG, Inc. files its annual report describing a transformed energy platform that combines AI- and machine learning–driven smart microgrids, wireless EV charging and a multi‑state mobile fuel delivery business. The company holds one owned patent and exclusive licenses to seven Florida International University patents covering smart microgrids, virtual power plants and wireless power transfer, including bidirectional EV charging that can support grid-to-vehicle and vehicle-to-grid use cases.
NextNRG plans to earn revenue from solar power purchase agreements, wireless EV charging, SaaS energy‑management software, hardware sales and licensing, alongside on‑demand and subscription mobile fueling for consumers, fleets and specialty markets such as marine and construction. The report details an acquisitive corporate history, including the February 2025 stock‑for‑stock acquisition of NextNRG Holding and STAT‑EI, and extensive 2024–2026 financing activity using promissory notes, sales of future receipts, a $15,000,000 public equity offering, equipment leases and an at‑the‑market program to fund working capital and project deployment.
NextNRG, Inc. entered into two high-cost secured financings that add significant debt and potential dilution. The company sold a senior secured convertible promissory note to Leviston Resources for $1,552,000 of cash proceeds on a $1,724,444 principal, issued 243,300 common shares, and granted Leviston first-priority security over substantially all assets, broad participation and first-refusal rights on future financings, and conversion rights after default subject to a 19.99% Nasdaq share cap. NextNRG also obtained a $750,000 term loan from Cashera Private Credit with total repayment of $1,050,000 over 24 weekly installments, an approximate APR of 173.06%, secured by a first-priority lien on substantially all assets and personal and subsidiary guarantees, with sizable default fees and restrictive covenants on additional debt.