The revenue beat and gross margin expansion are overshadowed by the cash crunch ($208K) and widening net loss. With no guidance and management evaluating financing, watch for a dilutive capital raise or strategic transaction in the near term. The stock may see pressure from liquidity concerns despite the top-line growth.
Price Chart
Executive Summary
NextNRG reported Q1 2026 revenue of $21.1M (+29% YoY) and a GAAP net loss of -$10.8M, widening from -$8.9M a year ago due to $7.9M in non-cash stock-based compensation. Gross profit more than tripled to $1.7M (8.1% margin vs 3.2%), and interest expense fell 80% to $0.7M. However, cash burned to just $208K, raising near-term liquidity concerns.
Key Financial Metrics
Key Facts
- Revenue $21.06M vs $16.27M YoY (+29%)
- Gross profit $1.71M vs $0.52M YoY; gross margin 8.1% vs 3.2%
- Net loss -$10.77M vs -$8.94M YoY; net loss available to common -$10.88M
- Operating loss -$10.09M vs -$5.75M YoY, driven by $7.86M stock-based compensation
- Interest expense $0.68M vs $3.32M YoY (-80%)
- Adjusted EBITDA -$1.16M vs -$3.40M YoY (improved $2.24M)
- Cash and equivalents $208K, down from $384K at Dec 31, 2025 and $2.12M at Mar 31, 2025
- Total assets $12.26M vs $11.06M at Dec 31, 2025
- Accounts receivable $2.90M vs $2.04M at Dec 31, 2025
- No guidance provided; management evaluating financing initiatives
Financial Impact
Revenue beat consensus of $18.1M by ~16%, but EPS of -$0.10 missed consensus of -$0.08 by 25%. Cash burn is acute with only $208K remaining.
Risk Factors
- Cash runway appears extremely limited at $208K, likely requiring near-term financing
- Net loss and operating loss continue to widen, driven by non-cash stock comp
- No forward guidance provided, creating uncertainty
- Accounts receivable grew 42% QoQ, potentially straining cash conversion
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-023737 |
| Exhibit: ex99-1.htm | 0001493152-26-023737 |
| Document: 0001493152-26-023737-index-headers.html | 0001493152-26-023737 |
| Document: 0001493152-26-023737-index.html | 0001493152-26-023737 |
| Document: 0001493152-26-023737.txt | 0001493152-26-023737 |
| 8-K Data (Synthetic) | 0001493152-26-023737 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | 8-K | $0.6190 | awaiting T+20 | — | $0.5110 (+17.45%) |
Oct 6, 2026 20d ago | 8-K | $0.5980 | awaiting T+20 | — | $0.5110 (+14.55%) |
Sep 22, 2026 4w ago | Institutional Cluster | $0.8624 $0.5413 | ▼ −37.23% | ▼ −36.67% | $0.5110 (−40.75%) |
Aug 24, 2026 9w ago | S-1 | $0.2280 $0.9030 | ▼ −296.05% | ▼ −294.81% | $0.5110 (−124.12%) |
Aug 12, 2026 10w ago | Press Release | $0.2790 $0.1534 | ▼ −45.02% | ▼ −43.12% | $0.5110 (+83.15%) |
Jul 29, 2026 12w ago | 8-K | $0.2672 $0.2359 | ▲ +11.71% | ▲ +15.68% | $0.5110 (−91.24%) |
Jun 18, 2026 18w ago | 8-K | $0.4957 $0.2778 | ▼ −43.96% | ▼ −43.34% | $0.5110 (+3.09%) |
Jun 12, 2026 19w ago | EFFECT | $0.4350 $0.3156 | ▲ +27.45% | ▲ +29.23% | $0.5110 (−17.47%) |
Jun 5, 2026 20w ago | 8-K | $0.5847 $0.3780 | ▼ −35.35% | ▼ −37.21% | $0.5110 (−12.60%) |
Jun 3, 2026 20w ago | S-1 | $0.6900 $0.3570 | ▲ +48.26% | ▲ +46.89% | $0.5110 (+25.94%) |
US Market Status
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