NextNRG Reports First Quarter 2026 Financial Results
Rhea-AI Summary
NextNRG (NASDAQ:NXXT) reported Q1 2026 revenue of $21.1 million, up 29% year-over-year, driven by mobile fueling expansion. Gross profit rose to $1.7 million, with gross margin improving from 3.2% to 8.1%.
Net loss was $10.8 million, interest expense declined 80% to $0.7 million, and Adjusted EBITDA loss improved to $1.2 million. Cash was $0.2 million, while total assets reached $12.3 million. The company continues advancing its AI-driven microgrid, wireless EV charging, and mobile fueling businesses.
AI-generated analysis. Not financial advice.
Positive
- Revenue increased 29% year-over-year to $21.1 million in Q1 2026
- Gross profit grew to $1.7 million, margin expanded to 8.1%
- Interest expense declined 80% year-over-year to $0.7 million
- Adjusted EBITDA loss improved by $2.24 million year-over-year
- Total assets rose to $12.3 million versus $11.1 million at year-end 2025
- Accounts receivable increased to $2.9 million from $2.0 million at year-end 2025
Negative
- Loss from operations widened to $10.1 million from $5.8 million
- Net loss increased to $10.8 million from $8.9 million year-over-year
- Stock-based compensation rose to $7.9 million from $1.5 million
- Q1 2026 cash was $0.2 million, down from $2.1 million year-over-year
- Adjusted EBITDA remained negative at a loss of $1.2 million
News Market Reaction – NXXT
On the day this news was published, NXXT gained 46.22%, reflecting a significant positive market reaction. Argus tracked a peak move of +116.7% during that session. Our momentum scanner triggered 66 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $14M to the company's valuation, bringing the market cap to $43.95M at that time. Trading volume was very high at 4.1x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
NXXT gained 1.05% while peers were mixed: VGAS up 5.88%, NRGV up 2.77%, SUUN up 0.87%, ELLO and WAVE down modestly. Only WAVE appeared in momentum scans, moving down 2.39%, suggesting stock-specific rather than broad sector action.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 15 | Full-year results | Positive | -19.9% | Reported 2025 revenue up 195% with higher gross profit but large GAAP loss. |
| Dec 09 | Monthly prelim revenue | Positive | +16.1% | Preliminary November 2025 revenue up 271% year-over-year to $7.51 million. |
| Nov 07 | Monthly prelim revenue | Positive | +14.9% | Preliminary October 2025 revenue up 196% YoY to $7.39 million. |
| Oct 13 | Monthly prelim revenue | Positive | +8.7% | Preliminary September 2025 revenue up 229% YoY to $7.07 million. |
| Sep 10 | Monthly prelim revenue | Positive | -2.6% | Preliminary August 2025 revenue up 222% YoY to $7.51 million. |
Earnings and revenue updates often produce sizeable moves for NXXT, with both strong rallies and sharp selloffs following growth-focused releases.
Over the past year, NXXT has issued multiple earnings-tagged updates highlighting rapid revenue growth and an expanding energy platform. Preliminary monthly reports in late 2025 showed triple-digit year-over-year revenue gains and generally produced double-digit price moves, both up and down. The April 15, 2026 full-year results combined strong top-line growth with heavy losses and saw a -19.93% reaction. Today’s Q1 2026 results, with 29% revenue growth and improved Adjusted EBITDA, fit this pattern of growth amid ongoing losses.
Historical Comparison
Past earnings-style updates moved NXXT an average of 3.44%. Today’s modest 1.05% move is relatively muted versus those prior reactions.
Earnings news has evolved from monthly preliminary 2025 revenue updates to full-year 2025 results and now Q1 2026 performance, showing continued growth but persistent losses.
Market Pulse Summary
The stock surged +46.2% in the session following this news. A strong positive reaction aligns with NXXT’s history of sizeable moves on earnings-style updates, where past reactions reached up to double digits. Q1 2026 showed revenue of $21.1M, improved gross margin to 8.1%, and a narrower Adjusted EBITDA loss of $1.16M. However, the company still reported a net loss of $10.8M and cash of only $0.21M, which could temper sustainability if financing risks resurface.
Key Terms
adjusted ebitda financial
non-gaap financial measure financial
stock-based compensation financial
power purchase agreements financial
saas financial
microgrid technical
wireless ev charging technical
AI-generated analysis. Not financial advice.
Revenue Increased
Interest Expense Declined
MIAMI, May 15, 2026 (GLOBE NEWSWIRE) -- NextNRG, Inc. (NASDAQ: NXXT) ("NextNRG" or the "Company"), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced financial results for the first quarter ended March 31, 2026.
"Our first quarter results reflect disciplined execution across both segments of our business," said Michael D. Farkas, Founder and CEO of NextNRG. "Revenue grew
Mr. Farkas continued, "We remain focused on what matters: growing revenue, improving unit economics, progressing our microgrid pipeline, and managing our cost structure with discipline. We believe this approach positions NextNRG to deliver long-term value as both segments of our business continue to develop."
First Quarter 2026 Financial Highlights
| Metric | Q1 2026 | Q1 2025 | ||
| Revenue | ||||
| Gross Profit | ||||
| Gross Margin % | ||||
| Loss from Operations | ||||
| Net Loss | ||||
| Interest Expense | ||||
| Adjusted EBITDA (1) | ||||
(1) Adjusted EBITDA is a non-GAAP financial measure. See reconciliation and Non-GAAP Financial Measures disclosure below.
First Quarter 2026 Financial Results
Revenue for the three months ended March 31, 2026 was
Gross profit increased to
Loss from operations was
Net loss was
Interest expense was
The Company continues to advance its energy infrastructure segment, including its smart microgrid pipeline, and remains focused on scaling and optimizing its mobile fueling operations. Both segments are being managed with an emphasis on disciplined operational and fiscal execution.
Adjusted EBITDA
The following table presents a reconciliation of net loss to Adjusted EBITDA for the three months ended March 31, 2026 and 2025:
| Net Loss to Adjusted EBITDA Reconciliation | Q1 2026 | Q1 2025 |
| Net loss | ||
| Add: Interest expense | 680,596 | 3,323,397 |
| Add: Depreciation and amortization | 1,071,073 | 733,336 |
| Add: Stock-based compensation | 7,859,677 | 1,485,724 |
| Adjusted EBITDA | $(1,155,146) | $(3,395,542) |
Adjusted EBITDA was
Balance Sheet and Liquidity
As of March 31, 2026, the Company had:
- Cash and cash equivalents of
$208,048 , compared to$2,116,932 and$384,140 at March 31, 2025 and December 31, 2025, respectively - Total assets of
$12,263,129 , compared to$11,063,353 at December 31, 2025 - Accounts receivable of
$2,900,153 , compared to$2,039,214 at December 31, 2025
Management continues to evaluate multiple financing and strategic initiatives intended to support working capital requirements, operational growth, and expansion of the Company's energy infrastructure platform.
Looking Ahead: Scaling the Integrated Energy Platform
NextNRG is focused on expanding its integrated platform across three infrastructure-aligned revenue streams:
- Utility Operating System and Smart Microgrids: Advancing the Company's AI-driven microgrid pipeline across commercial, healthcare, municipal, industrial and federal markets through power purchase agreements and SaaS arrangements.
- Wireless EV Charging: Progressing from development toward commercial deployment, with a focus on fleet operators, logistics facilities, and industrial equipment applications.
- Mobile Fueling Logistics: Continuing to scale and optimize national fueling operations with a focus on route efficiency, fleet utilization, and disciplined cost management.
Non-GAAP Financial Measures
Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA should not be considered a substitute for measures prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), nor should it be viewed as a substitute for operating results determined in accordance with GAAP. We believe that the presentation of Adjusted EBITDA, which excludes the impact of net interest expense, taxes, depreciation, amortization, and stock-based compensation expense, provides useful supplemental information that is essential to a proper understanding of our financial results. Non-GAAP measures are not formally defined by GAAP, and other entities may use calculation methods that differ from ours for the purposes of calculating Adjusted EBITDA. As a complement to GAAP financial measures, we believe that Adjusted EBITDA assists investors who follow the practice of some investment analysts who adjust GAAP financial measures to exclude items that may obscure underlying performance and distort comparability. See the reconciliation of net loss to Adjusted EBITDA above.
About NextNRG, Inc.
NextNRG, Inc. (NextNRG) is Powering What's Next by integrating artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy and mobile fuel delivery, to create a unified platform for modern energy management.At the core of its strategy is the Next Utility Operating System®, which uses AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations. NextNRG's smart microgrids serve commercial, healthcare, educational, tribal, and government sites delivering cost savings, reliability, and decarbonization. The company also operates one of the nation's largest on-demand fueling fleets and is advancing wireless charging to support fleet electrification.To learn more, visit www.nextnrg.com.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG's goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG's business and macroeconomic and geopolitical events. These and other risks are described in NextNRG's filings with the Securities and Exchange Commission from time to time. NextNRG's forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.
Investor Relations Contact
NextNRG, Inc.
Sharon Cohen
SCohen@nextnrg.com
