Traders should watch for sustainability of revenue growth and margin expansion without reliance on non-cash accounting items. The large stock-based compensation raises concerns about dilution and unit economics. Next catalyst: conversion of pipeline smart microgrid deals into contracted revenue.
Price Chart
Executive Summary
NextNRG (NXXT) reported FY2025 revenue of $81.8M, a 195% YoY increase, but missed Q4 EPS consensus with a loss of $-0.11 vs. expected $-0.06. Despite strong revenue growth and margin expansion, GAAP net loss widened to $88.2M, driven by $42.6M in stock-based compensation and other non-cash charges. Adjusted EBITDA nearly doubled to $17.1M.
Key Financial Metrics
Key Facts
- FY2025 revenue: $81.8M (+195% YoY)
- Q4 EPS: $-0.11 vs. consensus of $-0.06 (83.3% miss)
- GAAP net loss: $88.2M (vs. $21.4M in 2024)
- Adjusted EBITDA: $17.1M (+91% YoY)
- Gross margin improved to 8.4% from 6.4% in FY2024
- Includes $42.6M non-cash stock-based compensation
Financial Impact
EPS miss of 83.3% vs. consensus, revenue beat on annual basis but Q4 not reported separately; significant non-cash charges obscure underlying performance
Risk Factors
- High stock-based compensation ($42.6M) may signal aggressive equity issuance or retention issues
- Widening GAAP losses despite revenue growth raises profitability concerns
- Forward-looking statements carry high uncertainty; execution risk on pipeline projects
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3274955 |
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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