NextNRG (NXXT)
NASDAQ:NXXT
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NextNRG
(NASDAQ:NXXT)
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Rating:44Neutral
Price Target:
$0.36
▼(-7.95% Downside)
Action:ReiteratedDate:05/02/26
The score is driven primarily by weak financial quality (deep losses, high leverage/unstable equity, and persistent cash burn) and negative financing/listing-related corporate events. Technicals also remain bearish, while the earnings call adds some support from rapid revenue growth and margin/EBITDA improvement but does not eliminate near-term liquidity and funding risk.
Positive Factors
Strong revenue growth
Nearly 4x top-line growth in one year signals durable commercial traction for NextNRG’s on-site fueling and acquisition strategy. Sustained revenue scale supports route density, better unit economics, and the ability to negotiate contracts and project financing, improving long-term viability if cash burn is managed.
Negative Factors
Acute liquidity shortfall
Very low cash and a large working-capital deficit mean the company is dependent on external financing to fund operations and project execution. This persistent cash burn creates durable funding risk: failure to secure affordable capital could force asset sales, dilutive raises, or disruption of growth initiatives and contract fulfilment.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Nearly 4x top-line growth in one year signals durable commercial traction for NextNRG’s on-site fueling and acquisition strategy. Sustained revenue scale supports route density, better unit economics, and the ability to negotiate contracts and project financing, improving long-term viability if cash burn is managed.
Read all positive factors
NextNRG (NXXT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$59.53M
Dividend YieldN/A
Average Volume (3M)2.81M
Price to Earnings (P/E)―
Beta (1Y)1.59
Revenue Growth194.65%
EPS Growth56.91%
CountryUS
Employees163
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-2.21
Shares Outstanding156,654,970
10 Day Avg. Volume4,918,058
30 Day Avg. Volume2,809,273
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-9.00
Price to Sales (P/S)2.16
P/FCF Ratio>-0.01
Enterprise Value/Market Cap1.15
Enterprise Value/Revenue0.84
Enterprise Value/Gross Profit9.95
Enterprise Value/Ebitda-1.02
Forecast
1Y Price Target
$5.00Price Target Upside1182.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.18
Revenue Forecast (FY)$101.90M
NextNRG Business Overview & Revenue Model
Company Description
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....
How the Company Makes Money
null...
NextNRG Earnings Call Summary
Earnings Call Date:Apr 15, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The call portrayed strong operational momentum and rapid top-line growth (195% YoY revenue growth, 4x gross profit) with clear strategic progress in both fueling and energy infrastructure (first PPAs closed and a ~$750M pipeline). However, material near-term financial risks remain: a large GAAP net loss ($88.2M), elevated noncash stock-based compensation ($42.6M) and weak year-end liquidity (cash $384K, ~$25M working capital deficit), plus reliance on high-cost short-term debt. Management highlighted that many loss drivers are noncash and emphasized improving adjusted EBITDA and project-level financing for energy deals. Overall, the call balanced strong growth and future upside against meaningful liquidity and financing risks that must be managed.Positive Updates
Explosive Revenue Growth
Revenue increased from $27.8M in 2024 to $81.8M in 2025, a ~195% year-over-year increase, driven primarily by the on-site mobile fueling business and acquisitions.
Negative Updates
Large GAAP Net Loss
GAAP net loss for 2025 was $88.2M, driven largely by noncash charges (stock-based compensation and other accounting items) and interest expense.
Read all updates
Q4-2025 Updates
Positive
Negative
Explosive Revenue Growth
Revenue increased from $27.8M in 2024 to $81.8M in 2025, a ~195% year-over-year increase, driven primarily by the on-site mobile fueling business and acquisitions.
Read all positive updates
Company Guidance
Management's guidance emphasized accelerating operational momentum into 2026 and a clear path to improved liquidity and profitability: after growing revenue from $27.8M in 2024 to $81.8M in 2025 (≈195% YoY) with seven consecutive months of record revenue, Q4 revenue was ~ $23M (Oct $7.4M, Nov $7.5M, Dec $8.0M) and December alone delivered 253% YoY revenue growth and 308% fuel volume growth; fueling gross margin improved from a full‑year 8.4% to 10.4% in Q4 and full‑year gross profit was $6.9M. Management reiterated three priorities to reach cash‑flow breakeven: continue scaling fueling gross profit, close and monetize the ~$750M smart‑microgrid pipeline (first PPAs signed, contracts with up to ~30‑year terms and project‑level financing), and rightsize operating expenses; financials also showed a GAAP net loss of $88.2M in 2025 driven by $42.6M stock‑based comp, $17.3M interest expense (including $9.6M non‑cash amortization), an $8.5M impairment, an adjusted EBITDA loss of ~$7.1M (vs $8.9M in 2024), net cash used in operations of $16.7M, year‑end cash of $384K, a ~$25M working‑capital deficit, and a Feb 2025 $50M equity raise—while management plans to reduce reliance on high‑cost short‑term debt and rely on project financing as contracts convert.NextNRG Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 81.84M | 27.77M | 23.22M | 15.04M | 7.23M |
| Gross Profit | 6.91M | 2.30M | 1.37M | -1.94M | 206.68K |
| EBITDA | -67.50M | -6.54M | -7.39M | -12.82M | -7.73M |
| Net Income | -85.74M | -16.19M | -10.47M | -17.51M | -9.38M |
Balance Sheet | |||||
| Total Assets | 11.06M | 12.18M | 5.72M | 10.60M | 22.92M |
| Cash, Cash Equivalents and Short-Term Investments | 384.14K | 438.30K | 226.99K | 4.19M | 16.92M |
| Total Debt | 26.48M | 8.21M | 6.71M | 3.56M | 476.31K |
| Total Liabilities | 33.18M | 10.02M | 7.62M | 4.81M | 1.06M |
| Stockholders Equity | -19.68M | 2.16M | -1.91M | 5.79M | 21.81M |
Cash Flow | |||||
| Free Cash Flow | -14.32M | -9.84M | -6.64M | -14.86M | -8.32M |
| Operating Cash Flow | -14.32M | -4.59M | -6.64M | -11.60M | -6.31M |
| Investing Cash Flow | 0.00 | -5.93M | 2.17M | -2.43M | -5.39M |
| Financing Cash Flow | 13.27M | 10.72M | 2.63M | 2.53M | 24.37M |
NextNRG Technical Analysis
Negative
0.39
Price Trends
0.55
Negative
0.90
Negative
1.36
Negative
Market Momentum
-0.04
Negative
42.14
Neutral
52.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXXT, the sentiment is Negative. The current price of 0.39 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.55, and below the 200-day MA of 1.36, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 42.14 is Neutral, neither overbought nor oversold. The STOCH value of 52.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NXXT.
NextNRG Risk Analysis
NextNRG disclosed 34 risk factors in its most recent earnings report. NextNRG reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The Share Exchange, if it is completed, will result in significant dilution to the Company's stockholders. Q4, 2023
2.
If the conditions to completion of the Share Exchange are not met, the Share Exchange may not occur. Q4, 2023
3.
Neither the Company's board of directors nor any committee thereof obtained a fairness opinion (or any similar report or appraisal) in determining whether or not to pursue the acquisition of Next Charging, which is owned by the Company's largest shareholder. Consequently, shareholders have no assurance from an independent source that the price the Company is paying for Next Charging is fair to the Company - and, by extension, its securityholders - from a financial point of view. Q4, 2023
NextNRG Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
58 Neutral | $757.63M | -9.34 | -117.28% | ― | 340.86% | 29.14% | |
55 Neutral | $1.96B | -231.49 | 10.05% | ― | 44.58% | 487.28% | |
49 Neutral | $40.18M | -10.17 | -54.97% | ― | -77.09% | -70.55% | |
48 Neutral | $83.75M | -2.60 | -43.78% | ― | ― | 26.95% | |
44 Neutral | $59.53M | -1.66 | 621.02% | ― | 194.65% | 56.91% | |
39 Underperform | $9.55M | ― | -177.63% | ― | 965.12% | ― |
* Utilities Sector Average
NXXT
NextNRG
0.38
-3.01
-88.79%
HTOO
Fusion Fuel Green
3.17
-6.74
-68.03%
RNW
ReNew Energy Global
5.38
-0.96
-15.14%
NRGV
Energy Vault Holdings
4.38
3.68
525.71%
WAVE
Eco Wave Power Global
6.88
0.40
6.17%
VGAS
Verde Clean Fuels
1.88
-1.48
-44.05%
NextNRG Corporate Events
Business Operations and StrategyPrivate Placements and Financing
NextNRG Secures High-Cost Venture Debt for Liquidity
Negative
May 1, 2026
On April 27, 2026, NextNRG, Inc. entered into a Business Loan and Security Agreement with Venture Debt, LLC for a $1,000,000 venture loan, receiving net proceeds of $930,000 after fees and agreeing to repay a total of $1,450,000 in 24 weekly insta...
Private Placements and Financing
NextNRG Secures New Convertible Note Financing Agreements
Negative
Apr 23, 2026
On April 17, 2026, NextNRG, Inc. closed two separate secured financing deals totaling $550,000 in principal with Agile Hudson Partners LLC and FirstFire Global Opportunities Fund, LLC, each involving a $275,000 secured promissory note issued at a ...
Business Operations and Strategy
NextNRG Expands EzFill Mobile Fueling into Gainesville, Florida
Positive
Apr 22, 2026
On April 22, 2026, NextNRG, Inc. announced that its EzFill mobile fueling division has expanded operations into Gainesville, Florida, extending service from its existing Jacksonville hub. EzFill is now supplying one of its largest commercial custo...
Business Operations and StrategyPrivate Placements and Financing
NextNRG Adds High-Cost Secured Term Loan Financing
Negative
Apr 10, 2026
On April 1, 2026, NextNRG, Inc. entered into a Securities Purchase Agreement with Leviston Resources, LLC for a $1,724,444 senior secured convertible promissory note sold at a discount for $1,552,000, accompanied by the issuance of 243,300 common ...
Delistings and Listing ChangesRegulatory Filings and Compliance
NextNRG Receives Nasdaq Notice on Minimum Bid Price
Negative
Mar 20, 2026
On March 16, 2026, NextNRG, Inc. disclosed that it had received written notice from the Nasdaq Listing Qualifications Department that its shares had closed below the required $1.00 minimum bid price for 30 consecutive business days, putting the co...
Business Operations and StrategyPrivate Placements and Financing
NextNRG Executes Debt-for-Equity Swap to Reduce Liabilities
Neutral
Mar 13, 2026
On March 11, 2026, NextNRG entered into a Stock Purchase Agreement with a prior lender, issuing 3,181,818 common shares at $0.55 per share in exchange for the cancellation of $1.75 million of debt under a 2025 promissory note, which was fully term...
Private Placements and Financing
NextNRG Announces New Equity Financing Through Stock Sale
Positive
Feb 23, 2026
On February 18, 2026, NextNRG, Inc. entered into a stock purchase agreement with an unnamed investor covering the sale of 133,333 shares of its common stock for $100,000, implying a price of $0.75 per share. The agreement includes customary repres...
Private Placements and Financing
NextNRG Raises Equity Capital Through New Stock Agreement
Neutral
Feb 13, 2026
On February 12, 2026, NextNRG, Inc. entered into a Stock Purchase Agreement with an investor to issue 300,000 shares of common stock at $0.75 per share, for total proceeds of $225,000. The agreement, which includes customary representations, warra...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.