NEXT (NextDecade Corporation) Stock Financials & Earnings | Market Cap Arena

NEXT (NextDecade Corporation) Stock Financials & Earnings | Market Cap Arena

NEXTNextDecade Corporation

Mkt Cap$1B

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NASDAQ

Revenue (TTM)$0

Net Income (TTM)-$306M

EPS (TTM)-$1.17

Free Cash Flow (TTM)-$5.3B

Gross Margin—

Op. Margin—

Net Margin—

FCF Margin—

P/S Ratio (TTM)—

P/E Ratio (TTM)—

YoY Rev Growth—

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$0	-$38K	-$27M
Q2 23	$0	-$38K	-$28M
Q3 23	$0	-$42K	-$36M
Q4 23	$0	-$2M	-$32M
Q1 24	$0	-$1M	-$38M
Q2 24	$0	-$2M	-$40M
Q3 24	$0	-$2M	-$49M
Q4 24	$0	-$2M	-$44M
Q1 25	$0	-$3M	-$52M
Q2 25	$0	-$3M	-$56M
Q3 25	$0	-$6M	-$72M
Q4 25	$0	-$449K	-$46M

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$23M	-$45M
Q2 23	-$18M	-$49M
Q3 23	-$11M	-$955M
Q4 23	-$21M	-$763M
Q1 24	-$29M	-$825M
Q2 24	$6M	-$572M
Q3 24	-$64M	-$569M
Q4 24	-$9M	-$704M
Q1 25	-$69M	-$839M
Q2 25	-$4M	-$736M
Q3 25	-$76M	-$1.4B
Q4 25	-$21M	-$2.3B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$22M
Q2 23	$31M
Q3 23	$944M
Q4 23	$742M
Q1 24	$796M
Q2 24	$578M
Q3 24	$505M
Q4 24	$695M
Q1 25	$770M
Q2 25	$732M
Q3 25	$1.4B
Q4 25	$2.3B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	—	+428.0%
Q2 23	—	+115.1%
Q3 23	—	+122.7%
Q4 23	—	+57.3%
Q1 24	—	+40.6%
Q2 24	—	+43.4%
Q3 24	—	+37.2%
Q4 24	—	+37.7%
Q1 25	—	+36.2%
Q2 25	—	+42.3%
Q3 25	—	+46.4%
Q4 25	—	+3.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	—
Q2 23	$11M	—
Q3 23	$10M	—
Q4 23	$4M	—
Q1 24	$4M	—
Q2 24	$4M	—
Q3 24	$5M	—
Q4 24	$6M	—
Q1 25	$7M	—
Q2 25	$7M	—
Q3 25	$0	—
Q4 25	$12M	—

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$464K	$27M	—	—
Q2 23	$418K	$27M	—	—
Q3 23	$1M	$35M	—	—
Q4 23	$3M	—	—	$27M
Q1 24	$3M	$33M	—	—
Q2 24	$2M	$34M	—	—
Q3 24	$2M	$44M	$3M	—
Q4 24	$956K	—	—	$42M
Q1 25	$307K	$45M	—	—
Q2 25	$1M	$52M	—	—
Q3 25	$3M	—	—	$64M
Q4 25	—	$105M	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$51M	$0	$51M
Q2 23	$40M	$0	$40M
Q3 23	$51M	$0	$51M
Q4 23	$38M	$0	$38M
Q1 24	$46M	$0	$46M
Q2 24	$38M	$0	$38M
Q3 24	$38M	$0	$38M
Q4 24	$148M	$0	$148M
Q1 25	$131M	$0	$131M
Q2 25	$159M	$0	$159M
Q3 25	$209M	$0	$209M
Q4 25	$144M	$0	$144M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	147M	+12.9%
Q2 23	151M	+2.7%
Q3 23	226M	+50.0%
Q4 23	254M	+12.4%
Q1 24	267M	+4.9%
Q2 24	258M	-3.4%
Q3 24	259M	+0.6%
Q4 24	260M	+0.3%
Q1 25	260M	+0.1%
Q2 25	261M	+0.2%
Q3 25	263M	+0.7%
Q4 25	262M	-0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	$0	3
FY 16	$0	3
FY 17	$0	23
FY 18	$0	36
FY 19	$0	74
FY 20	$0	52
FY 21	$0	57
FY 22	$0	102
FY 23	$0	147
FY 24	$0	237
FY 25	$0	360