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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 | EBIT |
| -11.72M | -7.28M | -8.82M | -17.49M | -8.77M | -6.93M | EBITDA |
| -10.06M | -6.54M | -7.72M | -15.72M | -7.90M | -6.48M | Net Income Common Stockholders |
| -23.07M | -16.19M | -10.47M | -17.51M | -9.38M | -7.25M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.12M | 438.30K | 226.99K | 4.19M | 16.92M | 882.87K | Total Assets |
| 26.03M | 12.18M | 5.72M | 10.60M | 22.92M | 2.81M | Total Debt |
| 38.30M | 8.21M | 6.71M | 3.56M | 476.31K | 1.55M | Net Debt |
| 36.18M | 7.77M | 6.48M | 1.49M | -13.08M | 667.22K | 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 | $2.47B | 98.12 | 2.00% | ― | -1.77% | -41.65% | |
62 Neutral | $11.97B | 10.08 | -7.46% | 2.96% | 7.37% | -8.22% | |
52 Neutral | $140.38M | ― | -82.96% | ― | -86.10% | -49.68% | |
51 Neutral | $343.64M | ― | -9999.00% | ― | 52.34% | 10.37% | |
51 Neutral | $883.76M | 236.42 | -5.96% | ― | 6.08% | 52.48% | |
37 Underperform | $143.45M | ― | -17.03% | ― | ― | -29.15% |
NextNRG Corporate Events
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.
On March 24 and 25, 2025, NextNRG, Inc. entered into agreements with Redstone Advance Inc. and Funderzgroup LLC DBA Mr. Advance, respectively, to sell future sales proceeds in exchange for immediate payments, with CEO Michael D. Farkas personally guaranteeing these obligations. Additionally, a Fee Agreement was made with Mr. Farkas for his personal guarantees. On March 28, 2025, NextNRG announced a record revenue increase of 139% year-over-year for February 2025, with its EzFill mobile fueling division achieving significant growth despite fewer operational days. This performance underscores the company’s strategic expansion and integration of sustainable energy solutions, solidifying its position in the industry.