Detailed financial statements for NextNRG Inc. (NXXT): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year: ten fiscal years free and up to 20 with Premium.
NextNRG, Inc. operates as an AI-driven energy-tech company. The company operates through two segments, Energy Infrastructure and Mobile Fuel Delivery. The Energy Infrastructure segment focuses on the development, deployment, and operation of AI/ML-powered smart microgrids, solar energy systems, battery storage, and wireless EV charging solutions. It serves commercial, industrial, municipal, and tribal customers.
Analysis Summary
NextNRG Inc. reported revenue of $81.8M in the most recent fiscal year, growing at a 5-year CAGR of 86.9%.
Trailing-twelve-month margins: gross margin 7.7%, operating margin -50.9%, net margin -61.5%.
At the current price of $0.73, NXXT has negative trailing earnings (P/E not meaningful) and an ROE of 312.90%. Market capitalisation stands at $12M.
Balance sheet quality for NXXT: current ratio of 0.1, net debt of $26.1M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.2M | $3.6M | $7.2M | $15.0M | $23.2M | $27.8M | $81.8M |
| Cost of Revenue | $1.5M | $3.5M | $7.0M | $17.0M | $21.8M | $25.5M | $74.9M |
| Gross Profit | -$305,352 | $42,172 | $206,683 | -$1.9M | $1.4M | $2.3M | $6.9M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $318,351 | $5.1M | 0 | $12.6M | $8.8M | $8.5M | $65.9M |
| Operating Expenses | $318,351 | $7.0M | $9.0M | $12.6M | $9.9M | $9.6M | $77.1M |
| Operating Income | -$623,700 | -$6.9M | -$8.8M | -$14.6M | -$8.5M | -$7.3M | -$70.2M |
| EBITDA | -$473,472 | -$6.5M | -$7.7M | -$15.6M | -$7.4M | -$6.5M | -$68.2M |
| Interest Expense | $63,292 | $321,338 | $775,884 | $98,834 | $1.7M | $8.2M | $17.3M |
| Pre-tax Income | -$701,994 | -$7.3M | -$9.4M | -$17.5M | -$10.5M | -$16.2M | -$88.2M |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | -$935,992 | -$7.3M | -$9.4M | -$17.5M | -$10.5M | -$16.2M | -$85.7M |
| EPS | $-23.60 | $-143.30 | $-92.90 | $-132.60 | $-69.80 | $-46.60 | $-7.20 |
| EPS (Diluted) | $-23.60 | $-143.30 | $-92.90 | $-132.60 | $-69.80 | $-46.60 | $-7.20 |
| Shares Outstanding (Diluted) | $39,632 | $50,632 | $100,997 | $132,059 | $150,122 | $358,640 | $12.2M |
Income Statement (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Revenue | $22.9M | $23.0M | $21.1M | $27.7M |
| Gross Profit | $2.4M | $2.4M | $556,916 | $2.0M |
| Operating Income | -$9.0M | -$24.7M | -$10.1M | -$4.4M |
| EBITDA | -$10.0M | -$21.5M | -$8.9M | -$4.6M |
| Net Income | -$14.1M | -$26.7M | -$10.8M | -$6.6M |
| EPS | $-1.10 | $-2.00 | $-0.73 | $-0.40 |
| EPS (Diluted) | $-1.10 | $-2.00 | $-0.73 | $-0.40 |
Balance Sheet (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $32,092 | $882,870 | $13.6M | $2.1M | $226,985 | $438,299 | $384,140 |
| Short-term Investments | 0 | 0 | $3.4M | $2.1M | 0 | 0 | 0 |
| Receivables | $25,514 | $193,640 | $100,194 | $766,692 | $1.2M | $1.6M | $2.0M |
| Inventory | $36,605 | $41,055 | $46,343 | $151,248 | $134,057 | $126,400 | $609,861 |
| Total Current Assets | $124,441 | $1.3M | $17.3M | $5.4M | $1.8M | $2.2M | $3.2M |
| Property, Plant & Equipment | $336,297 | $428,567 | $2.3M | $5.1M | $3.9M | $8.2M | $7.7M |
| Goodwill | $108,707 | $109,983 | $109,983 | 0 | 0 | 0 | 0 |
| Intangible Assets | $628,976 | $990,559 | $3.2M | 0 | 0 | 0 | 0 |
| Total Assets | $1.2M | $2.8M | $22.9M | $10.6M | $5.7M | $12.2M | $11.1M |
| Accounts Payable | $59,420 | $215,599 | $491,598 | $987,012 | $845,275 | $1.5M | $4.7M |
| Short-term Debt | $203,841 | $999,067 | $178,871 | $1.8M | $5.7M | $7.7M | $21.3M |
| Total Current Liabilities | $332,908 | $3.7M | $758,236 | $3.3M | $7.0M | $9.7M | $28.3M |
| Long-term Debt | $428,051 | $551,024 | $297,436 | $1.2M | $353,490 | $151,907 | $4.4M |
| Total Liabilities | $760,959 | $4.3M | $1.1M | $4.8M | $7.6M | $10.0M | $33.2M |
| Retained Earnings | -$701,994 | -$8.0M | -$17.3M | -$34.8M | -$45.3M | -$61.8M | -$153.9M |
| Total Equity | $437,462 | -$1.5M | $21.8M | $5.8M | -$1.9M | $2.2M | -$19.7M |
| Total Debt | $631,892 | $1.6M | $476,307 | $3.6M | $6.7M | $8.2M | $26.5M |
| Net Debt | $599,800 | $667,221 | -$16.4M | -$630,957 | $6.5M | $7.8M | $26.1M |
| Working Capital | -$208,467 | -$2.5M | $16.5M | $2.1M | -$5.2M | -$7.4M | -$25.1M |
Balance Sheet (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Cash & Equivalents | $653,869 | $384,140 | $208,048 | $883,696 |
| Total Assets | $19.6M | $11.1M | $12.3M | $12.4M |
| Total Liabilities | $36.9M | $33.2M | $34.3M | $33.7M |
| Total Equity | -$16.3M | -$19.7M | -$19.6M | -$18.8M |
| Total Debt | $27.0M | $26.5M | $25.7M | $23.7M |
Cash Flow (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Income | -$701,994 | -$7.3M | -$9.4M | -$17.5M | -$10.5M | -$21.4M | -$88.18T |
| Depreciation & Amortization | $165,230 | $451,533 | $872,834 | $1.8M | $1.4M | $1.8M | $2.49T |
| Stock-based Compensation | $76,268 | $4.6M | $1.9M | $1.4M | $1.5M | $268,667 | $17,333 |
| Change in Working Capital | -$70,281 | -$28,617 | $91,747 | -$239,821 | -$980,932 | $1.9M | $4.3M |
| Operating Cash Flow | -$515,776 | -$1.6M | -$6.3M | -$11.6M | -$6.6M | -$6.3M | -$14.3M |
| Capital Expenditure | -$43,429 | -$24,075 | -$2.0M | -$3.3M | 0 | -$5.7M | $5 |
| Acquisitions | -$175,000 | 0 | 0 | -$321,250 | $40,616 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -$559,205 | -$1.6M | -$8.3M | -$14.9M | -$6.6M | -$12.0M | -$14.3M |
Cash Flow (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Operating Cash Flow | -$7.8M | -$392,606 | -$2.1M | -$2.4M |
| Capital Expenditure | $2.0M | 0 | 0 | 0 |
| Free Cash Flow | -$5.7M | -$392,606 | -$2.1M | -$2.4M |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Stock-based Compensation | -$1.5M | 0 | 0 | $1.4M |
Growth & Margins (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | +193.6% | +101.7% | +108.0% | +54.3% | +19.6% | +194.7% | |
| Net Income Growth (YoY) | -675.0% | -29.4% | -86.6% | +40.2% | -54.6% | -429.6% | |
| EPS Growth (YoY) | -507.2% | +35.2% | -42.7% | +47.4% | +33.2% | +84.5% | |
| Shares Change (YoY) | +27.8% | +99.5% | +30.8% | +13.7% | +138.9% | +3,304.8% | |
| FCF Growth (YoY) | -191.8% | -410.1% | -78.5% | +55.3% | -79.9% | -19.8% | |
| Gross Margin | -25.0% | 1.2% | 2.9% | -12.9% | 5.9% | 8.3% | 8.4% |
| Operating Margin | -51.1% | -193.3% | -121.2% | -97.0% | -36.8% | -26.2% | -85.8% |
| EBITDA Margin | -38.8% | -180.7% | -106.9% | -103.9% | -31.8% | -23.6% | -83.4% |
| Net Margin | -76.6% | -202.3% | -129.7% | -116.4% | -45.1% | -58.3% | -104.8% |
| FCF Margin | -45.8% | -45.5% | -115.1% | -98.8% | -28.6% | -43.0% | -17.5% |
| Effective Tax Rate | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Per-Share Data (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| FCF Per Share | $-14.11 | $-32.23 | $-82.42 | $-112.51 | $-44.25 | $-33.33 | $-1.17 |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $39,632 | $50,632 | $100,997 | $132,059 | $150,122 | $358,640 | $12.2M |
What to look at in Utilities
Regulated businesses with slow growth but reliable dividends. They are bonds on steroids — look at debt, rates, and payout consistency.
- Regulated ROE (8-12%) — Utilities have an "allowed" ROE set by the regulator. Out of range = anomaly
- 5y EPS growth — Stable utilities grow EPS 4-6% annually — more = anomaly, less = dead
- 10y dividend growth — Top utilities ("Dividend Aristocrats") raise dividend 25+ consecutive years
- Net debt / EBITDA — Utilities use a lot of debt — >6x with high rates is an alarm
- Interest coverage — EBIT / interest. If it drops <3x during rate hikes, the dividend is in danger
- Payout Ratio — In utilities it is normally high (60-80%), but >90% indicates stress
Profitability
| Return on Equity | 312.90% |
| Return on Invested Capital | -2,036.75% |
| Return on Assets | -471.34% |
| Gross Margin | 7.74% |
| Operating Margin | -50.90% |
| Net Margin | -61.49% |
Financial Health
| Debt / Equity | -1.26 |
| Current Ratio | 0.18 |
Key Ratios (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| P/E | -38.47 | -6.34 | -2.97 | -0.42 | -0.58 | -0.67 | -2.01 |
| P/B | 82.26 | -31.03 | 1.28 | 1.29 | -3.20 | 5.16 | -9.00 |
| P/S | 29.47 | 12.82 | 3.85 | 0.49 | 0.26 | 0.40 | 2.16 |
| Gross Margin | -25.0% | 1.2% | 2.9% | -12.9% | 5.9% | 8.3% | 8.4% |
| Operating Margin | -51.1% | -193.3% | -121.2% | -97.0% | -36.8% | -26.2% | -85.8% |
| Net Margin | -76.6% | -202.3% | -129.7% | -116.4% | -45.1% | -58.3% | -104.8% |
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Explore sector: Utilities · Renewable Utilities
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