NXXT

MKT CAP:$59M

NextNRG Inc.

Market Cap

$59M

Utilities·Renewable Utilities·🇺🇸 United States·NASDAQ

Utilities·Renewable·🇺🇸·NASDAQ

Stock Price

$0.41-$0.93 (-69.63%)

Apr 22, 2026

Company Details

NextNRG Inc. operates as a mobile fueling company primarily in Florida. It offers on-demand fueling services to consumer, fleet, marine, and other specialty markets. The company was incorporated in 2019 and is based in Miami, Florida.

CEO

Michael D. Farkas

IPO Date

Jan 15, 2025

Website

nextnrg.com

Key Metrics TTM

Revenue

$61M

+164.7% YoY

Net Income

-$59M

EPS (Diluted)

-$3.03

Free Cash Flow

-$11M

Revenue / Share

$0.52

Gross Margin

49.4%

Operating Margin

-61.7%

Net Margin

-95.4%

FCF Margin

-18.4%

P/S

1.0x

P/E

—

Earnings Reports

Q2 2025

Aug 14, 2025

$20M+166.2%EPS -$0.30

FY 2024

Mar 27, 2025

$28M+19.6%EPS -$4.66

Q4 2024

Mar 27, 2025

$28M+388.0%EPS $0.06

Q2 2024

Aug 14, 2024

$7M+20.7%EPS -$1.67

Q1 2024

May 14, 2024

$7M+26.1%EPS -$1.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$2M	$127.4K	-$1M
Q2 21	$2M	$14.4K	-$2M
Q3 21	$2M	$37.9K	-$2M
Q4 21	$2M	$28.3K	-$4M
Q1 22	$2M	$15.9K	-$3M
Q2 22	$4M	-$1.4K	-$4M
Q3 22	$4M	-$116.8K	-$4M
Q4 22	$5M	-$71.2K	-$6M
Q1 23	$5M	$162.6K	-$2M
Q2 23	$6M	$484.4K	-$2M
Q3 23	$6M	$349.7K	-$2M
Q4 23	$6M	$374.2K	-$3M
Q1 24	$7M	$461.8K	-$1M
Q2 24	$7M	$550.8K	-$2M
Q4 24	$28M	$28M	-$4M
Q2 25	$20M	$2M	-$31M

Valuation

Quarter	P/S	P/E
Q1 21	16.6x	—
Q2 21	13.0x	—
Q3 21	9.7x	—
Q4 21	5.4x	—
Q1 22	3.5x	—
Q2 22	1.3x	—
Q3 22	1.3x	—
Q4 22	0.7x	—
Q1 23	0.5x	—
Q2 23	0.4x	—
Q3 23	0.5x	—
Q4 23	0.3x	—
Q1 24	0.4x	—
Q2 24	0.7x	—
Q4 24	0.3x	—
Q2 25	5.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	-$791.6K	-$728.0K
Q1 21	-$905.6K	-$929.4K
Q2 21	-$1M	-$1M
Q3 21	-$1M	-$2M
Q4 21	-$3M	-$4M
Q1 22	-$2M	-$4M
Q2 22	-$4M	-$5M
Q3 22	-$3M	-$3M
Q4 22	-$3M	-$3M
Q1 23	-$3M	-$3M
Q2 23	-$1M	-$1M
Q3 23	-$2M	-$2M
Q1 24	-$1M	-$1M
Q2 24	-$955.3K	-$955.3K
Q4 24	-$3M	-$9M
Q2 25	-$564.5K	-$564.5K

Capital Expenditures

Quarter	CapEx
Q4 20	$63.6K
Q1 21	$23.8K
Q2 21	$43.5K
Q3 21	$746.0K
Q4 21	$1M
Q1 22	$1M
Q2 22	$2M
Q3 22	$221.5K
Q4 22	$16.3K
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q1 24	$11.7K
Q2 24	$0
Q4 24	$5M
Q2 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+118.8%	+160.1%
Q2 21	+187.6%	+67.6%
Q3 21	+66.2%	+110.4%
Q4 21	+77.4%	+20.0%
Q1 22	+53.8%	+103.4%
Q2 22	+102.9%	+104.0%
Q3 22	+119.5%	+111.6%
Q4 22	+143.2%	+97.1%
Q1 23	+123.6%	+34.4%
Q2 23	+63.3%	+8.8%
Q3 23	+50.6%	-4.8%
Q4 23	+17.1%	-24.3%
Q1 24	+26.1%	+4.8%
Q2 24	+20.7%	+7.5%
Q4 24	+350.5%	+312.4%
Q2 25	+246.0%	+498.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$3M	280.0%
Q1 21	$417.5K	27.4%
Q2 21	$409.1K	22.1%
Q3 21	$385.0K	20.7%
Q4 21	$684.5K	34.3%
Q1 22	$470.7K	20.1%
Q2 22	$402.1K	10.7%
Q3 22	$272.7K	6.7%
Q4 22	$266.8K	5.5%
Q1 23	$192.1K	3.7%
Q2 23	$338.8K	5.5%
Q3 23	$158.4K	2.6%
Q1 24	$147.3K	2.2%
Q2 24	$104.0K	1.4%
Q4 24	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 21	$928.9K
Q2 21	$711.6K
Q2 22	$3M
Q3 22	$3M
Q1 23	$2M
Q2 23	$2M
Q3 23	$2M
Q4 23	$3M
Q1 24	$1M
Q2 24	$2M
Q4 24	$6M
Q2 25	$32M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$11M	$3M	$14M
Q2 22	$7M	$3M	$10M
Q3 22	$5M	$2M	$7M
Q4 22	$2M	$2M	$4M
Q1 23	$504.6K	$978.5K	$1M
Q2 23	$1M	$0	$1M
Q3 23	$405.2K	$0	$405.2K
Q4 23	$227.0K	$0	$227.0K
Q1 24	$48.6K	$0	$48.6K
Q2 24	$306.8K	$0	$306.8K
Q3 24	$828.2K	$0	$828.2K
Q4 24	$438.3K	$0	$438.3K
Q1 25	$2M	$0	$2M
Q2 25	$3M	$0	$3M
Q3 25	$653.9K	$0	$653.9K
Q4 25	$384.1K	$0	$384.1K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	867K	+36.4%	+97.7%
Q2 21	897K	+3.4%	+91.1%
Q3 21	928K	+3.4%	+92.5%
Q4 21	1M	+40.7%	+105.3%
Q1 22	1M	+0.6%	+51.4%
Q2 22	1M	+0.3%	+46.8%
Q3 22	1M	+0.5%	+42.7%
Q4 22	1M	+0.1%	+1.5%
Q1 23	1M	+0.9%	+1.8%
Q2 23	1M	+3.8%	+5.3%
Q3 23	2M	+10.0%	+15.3%
Q4 23	2M	+18.7%	+36.8%
Q1 24	2M	-6.1%	+27.3%
Q2 24	2M	+17.9%	+44.7%
Q4 24	4M	+78.6%	+134.9%
Q2 25	119M	+3221.3%	+6472.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	$47.6K	42
Q1 22	$55.7K	42
Q2 22	$89.4K	42
Q3 22	$97.4K	42
Q4 22	$91.7K	53
Q1 23	$98.7K	53
Q2 23	$115.7K	53
Q3 23	$116.3K	53
Q4 23	$105.4K	54
Q1 24	$122.2K	54
Q2 24	$137.0K	54
Q4 24	$170.4K	163
Q2 25	$120.8K	163

Revenue / Employee