0001493152-26-023737
SEC filingNextNRG reported Q1 2026 revenue of $21.1 million, up 29% year-over-year, with gross profit tripling to $1.7 million and interest expense down 80%, though net loss widened to $10.8 million due to stock-based compensation.
NextNRG's Q1 2026 results highlight strong top-line growth and operational improvements in its mobile fueling operations, with revenue up 29% to $21.1 million driven by higher fuel volumes and average price per gallon, alongside route optimization and fleet utilization boosting gross margin to 8.1% from 3.2%. CEO Michael D. Farkas emphasized disciplined execution across fueling and energy infrastructure segments, noting progress in scaling operations while advancing the microgrid pipeline. Despite these gains, operating and net losses expanded significantly due to $7.9 million in non-cash stock-based compensation for services, masking underlying cost discipline relative to revenue growth. Interest expense plunged 80% post-2025 refinancing, contributing to Adjusted EBITDA improvement of over $2.2 million year-over-year. Balance sheet shows low cash of $208,048 and modest asset growth to $12.3 million, with management pursuing financing for working capital and infrastructure expansion. Focus remains on three streams: AI-driven microgrids via PPAs and SaaS, wireless EV charging for fleets, and optimized national fueling, positioning for long-term value amid fiscal discipline.