NextNRG Inc. (NXXT) Market Cap
NextNRG Inc. has a market capitalization of $51.9M.
Financials based on reported quarter end 2025-09-30
Price: $0.39
▼ -0.01 (-2.89%)
Market Cap: 51.92M
NASDAQ · time unavailable
CEO: Michael D. Farkas
Sector: Utilities
Industry: Renewable Utilities
IPO Date: 2025-01-15
Website: https://nextnrg.com
NextNRG Inc. (NXXT) - Company Information
Market Cap: 51.92M · Sector: Utilities
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.
Analyst Sentiment
Based on 1 ratings
Analyst 1Y Forecast: $5.00
Average target (based on 1 sources)
Consensus Price Target
Low
$5
Median
$5
High
$5
Average
$5
Potential Upside: 1194.3%
Price & Moving Averages
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Q3 2025 delivered headline momentum for NextNRG: revenue rose to $22.9M (+232% YoY) and gross margin improved from 8% to 11% (+300 bps), with the company attributing the move to structural operational changes (route/driver efficiency) and unlocking volume-based supplier discounts. However, Q&A pressure centers on cash-flow reality. Management reiterated that operating losses are narrowing but provided no specific timeline for sustainable positive cash flow, citing “timing” as markets mature and discount economics strengthen. The CFO also highlighted that reported burn is distorted by working-capital timing, yet the quarter ended with only ~$0.65M cash, underscoring near-term liquidity sensitivity despite recent fleet refinancing and debt-to-equity actions. Management’s tone was confident (“strongest performance,” margins “absolutely sustainable”), but analysts implicitly pressed on persistence of losses and when investors can expect durable cash generation—an answer stayed qualitative rather than date-specific.
Growth Catalysts
- 232% YoY revenue growth to $22.9M; scaling mobile fueling/energy initiatives
- Mobile fueling fleet expansion last quarter: +99 trucks and entry into 10 new markets; added 11 new markets for Miles, Florida
- Volume-based supplier discount unlocking as gallons delivered increased (profit margin expansion 8% -> 11%)
Business Development
- Energy Division: signed 2 power purchase agreements (PPAs) replacing traditional utility provider for referenced healthcare facilities (California health care facilities mentioned)
- Pipeline customers: municipalities and commercial facilities seeking (1) on-site power generation, (2) advanced battery storage, (3) smart microgrid control system
Financial Highlights
- Revenue: $22.9M in Q3 2025 vs $6.9M in Q3 2024 (+232% YoY) and up $19.7M vs Q2 2025
- Gross margin: 11% in Q3 2025 vs 8% in Q2 2025 (expansion of +300 bps, stated as percent points from 8% to 11%)
- Operating loss: $9.0M including $5.6M noncash stock-based compensation charge (expense side pressure partially noncash)
- Normalized operating loss (ex-SBC): $3.4M vs $5.2M in Q2 2025 (improvement of $1.8M)
- Cash burn: cash used in operations for first 9 months 2025 of $14.1M; normalized operating burn closer to ~$11M due to working-capital timing (inventory/prepaids, Q2 invoices paid in Q3)
- Ending cash: roughly $650,000 (timing-related working capital effects cited)
Capital Funding
- Refinanced truck fleet and streamlined debt profile
- Converted portions of debt to equity and reduced overall complexity in capital structure (no exact $ amounts provided)
- Ended quarter with ~$0.65M cash; management cited liquidity strengthening post-quarter via refinancing
Strategy & Ops
- Margin drivers framed as structural: route optimization and driver efficiency tied to building density around anchor customers; increased gallons delivered unlocking supplier discounts
- Lowered cost of goods sold while growing revenue
- Energy infrastructure pipeline emphasizing integrated deployments (generation + battery storage + smart microgrid control) rather than one-off projects
- Bidirectional wireless EV charging: progressing framework; moving closer to first demonstration; management expects material update in coming weeks
Market Outlook
- No specific date guidance for positive cash flow; management stated they are not guiding to a specific date today, but losses are narrowing quarter-by-quarter
- Expectation: margin expansion and economics continue improving as more new markets mature and supplier discounts strengthen
Risks & Headwinds
- Sustained positive cash flow not yet achieved: operating losses remain multimillion-dollar; remaining hurdle described as timing of market maturity/supply-discount strengthening
- Working-capital timing distortions: reported cash burn and ending cash affected by inventory/prepaids timing and payment of Q2 invoices in Q3
- No explicit tariffs/macro risks mentioned in the transcript; headwinds referenced generally as grid capacity constraint (demand outpacing grid support) rather than cost shocks
Sentiment: MIXED
Note: This summary was synthesized by AI from the NXXT Q3 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.
Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"NXXT reported revenue of $22.9M for the most recent quarter, indicating growth but continues to face challenges with a net income of -$14.2M and an EPS of -$0.11. The company has significant total liabilities amounting to $36.9M against total assets of $19.6M, leading to negative total equity of -$17.3M, reflecting a highly leveraged position. Operating cash flow remains negative at -$7.8M, contributing to a free cash flow of -$5.7M, which highlights issues in cash generation. Shareholder returns are impacted by a stark 1-year price decline of 86.82%, without any dividends paid, severely affecting investor sentiment. The stock currently trades at $0.3742, well below the price target of $5.00, suggesting potential undervaluation but also reflecting high risk given the company’s liabilities and cash flow challenges."
Revenue Growth
The company has shown revenue of $22.9M, indicating growth.
Profitability
Negative net income of -$14.2M suggests profitability issues.
Cash Flow Quality
Negative operating cash flow and FCFA highlight cash flow concerns.
Leverage & Balance Sheet
High total liabilities leading to negative equity raises leverage concerns.
Shareholder Returns
Significant price decline of 86.82% over the past year indicates poor returns.
Analyst Sentiment & Valuation
Price significantly below target, indicating potential but also high risk.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.