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NextNRG
(NASDAQ:NXXT)
NextNRG (NXXT) vs. SPDR S&P 500 ETF (SPY)
NextNRG Business Overview & Revenue Model
NextNRG Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.68M | 27.77M | 23.22M | 15.04M | 7.23M | 3.59M |
| Gross Profit | 2.09M | 1.22M | 1.37M | -173.51K | 206.68K | 42.17K |
| EBITDA | -10.06M | -6.54M | -7.72M | -15.72M | -7.90M | -6.48M |
| Net Income | -23.07M | -16.19M | -10.47M | -17.51M | -9.38M | -7.25M |
Balance Sheet | ||||||
| Total Assets | 26.03M | 12.18M | 5.72M | 10.60M | 22.92M | 2.81M |
| Cash, Cash Equivalents and Short-Term Investments | 2.12M | 438.30K | 226.99K | 4.19M | 16.92M | 882.87K |
| Total Debt | 38.30M | 8.21M | 6.71M | 3.56M | 476.31K | 1.55M |
| Total Liabilities | 732.91K | 10.02M | 7.62M | 4.81M | 1.06M | 4.29M |
| Stockholders Equity | 25.29M | 2.16T | -1.91M | 5.79M | 21.87M | -1.48M |
Cash Flow | ||||||
| Free Cash Flow | -16.74M | -9.84M | -6.64M | -14.86M | -8.30M | -1.63M |
| Operating Cash Flow | -9.22M | -4.59M | -6.64M | -11.60M | -6.31M | -1.61M |
| Investing Cash Flow | -5.93T | -5.93M | 2.17M | -2.43M | -5.39M | -24.07K |
| Financing Cash Flow | 10.72T | 10.72M | 2.63M | 2.53M | 24.37M | 2.48M |
NextNRG Technical Analysis
NextNRG Risk Analysis
NextNRG Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $800.50M | 23.35 | 0.29% | ― | 26.49% | ― | |
65 Neutral | $2.78B | 51.55 | 4.18% | ― | -1.77% | -41.65% | |
58 Neutral | $1.53B | 236.42 | -5.96% | ― | 6.08% | 52.48% | |
54 Neutral | $326.63M | ― | -9999.00% | ― | 52.34% | 10.37% | |
51 Neutral | $133.31M | ― | -82.96% | ― | -86.10% | -49.68% | |
50 Neutral | AU$1.49B | 1.75 | -28.24% | 3.26% | 16.24% | -7.89% | |
37 Underperform | $162.16M | ― | -17.03% | ― | ― | -29.15% |
NextNRG Corporate Events
NextNRG Inc. has been involved in a series of amendments to a promissory note originally issued to Alcourt LLC on March 31, 2025, with a principal sum of $1,000,000. The note’s maturity date was initially set for April 30, 2025, but was extended multiple times through amendments that involved issuing shares of common stock to Alcourt and paying extension fees. The latest amendment, dated June 23, 2025, extends the maturity date to June 30, 2025, with an option for further monthly extensions until September 30, 2025, in exchange for additional shares.
The most recent analyst rating on (NXXT) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on NextNRG stock, see the NXXT Stock Forecast page.
On June 24, 2025, NextNRG announced a significant revenue growth of 148% year-over-year for May 2025, marking its best month in company history. The year-to-date revenue of approximately $28.89 million has already surpassed the total revenue for 2024, driven by operational expansion and increased demand from partners. This growth highlights the scalability of NextNRG’s business model and its strategic entry into new markets. The company continues to expand its fleet and integrate sustainable energy solutions, solidifying its position in the on-demand fueling industry and supporting the transition to electric vehicles.
The most recent analyst rating on (NXXT) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on NextNRG stock, see the NXXT Stock Forecast page.
NextNRG, Inc. entered into a Master Lease Agreement with Equify Financial, LLC on June 9, 2025, to lease equipment under various lease schedules. The agreement includes terms for rent payments, late charges, and indemnification clauses. On the same day, the company also entered into Equipment Lease Schedule No. 001 for a 36-month term, with a total equipment cost of $899,640. Additionally, on June 10, 2025, NextNRG executed a promissory note with Michael D. Farkas for $436,000 to support working capital, with a 12% interest rate and a maturity date of June 9, 2026, or upon a capital raise of at least $4 million.
On June 11, 2025, NextNRG announced its inclusion in the Russell 2000® and Russell 3000® Indexes, effective after market close on June 27, 2025. This inclusion is seen as a significant milestone, reflecting the company’s growth and its unique position at the intersection of efficient energy, intelligent mobility, and AI-powered infrastructure. The addition to the indexes is expected to enhance institutional engagement and long-term value creation, following strong quarterly growth and strategic advancements in key markets.
On May 19 and 20, 2025, NextNRG, Inc. entered into promissory notes with its CEO, Michael D. Farkas, totaling $420,000 to support its working capital needs. Each note carries a 12% interest rate and matures by May 2026 or upon a $4 million capital raise. Additionally, on May 21, 2025, NextNRG amended a previous note with Alcourt LLC, extending its maturity to May 31, 2025, in exchange for 26,000 shares and a $150,000 fee, reflecting strategic financial maneuvers to manage its obligations.
On May 15, 2025, NextNRG, Inc. announced its preliminary unaudited financial results for April 2025, reporting a 154% year-over-year increase in revenue to $5.82 million and a 207% rise in gallons delivered. This growth is attributed to sustained volume increases, expansion into Oklahoma, and rising demand from national fleet clients. The company’s strong performance underscores the effectiveness of its business model and execution strategy, as it continues to expand its fleet and integrate sustainable energy solutions, positioning itself as a leader in the on-demand fueling industry.
On May 5 and May 9, 2025, NextNRG, Inc. entered into promissory notes with its CEO, Michael D. Farkas, for sums of $600,000 and $112,000, respectively, to support the company’s working capital needs. Both notes carry a 12% annual interest rate and mature by May 2026 or upon the company raising $4 million in capital. These financial arrangements highlight the company’s efforts to bolster its operational funding.
On April 30, 2025, NextNRG announced the expansion of its mobile fueling operations into Oklahoma, marking a significant step in its national growth strategy. This expansion begins with servicing one of the nation’s largest in-house fleet operators under a long-term agreement and aims to capitalize on Oklahoma’s burgeoning infrastructure and logistics sectors, which align well with NextNRG’s customer profile. The move is expected to bolster NextNRG’s recurring revenue strategy and strengthen its position in the on-demand fueling industry, while supporting broader growth across the state and integration of sustainable energy solutions.