10-Q · May 15, 2026
NextNRG, Inc. reported a challenging Q4 2026 with revenues of $23 million, a slight dip from $23 million in the same quarter last year. Despite an increase in sales volume, the company encountered increased operational…
Earnings analysis · 10-Q
NXXT earnings analysis
Filed August 13, 2026 · Our reading of the company's report
The latest report
The supplied extract does not contain the quarter’s income statement, balance sheet, cash-flow statement, segment data, or MD&A, so revenue, margins, EPS, cash flow, and working-capital trends cannot be verified from…
Read full summary
The supplied extract does not contain the quarter’s income statement, balance sheet, cash-flow statement, segment data, or MD&A, so revenue, margins, EPS, cash flow, and working-capital trends cannot be verified from the filing text provided. The principal disclosed concerns are ineffective disclosure controls as of June 30, 2026, new litigation seeking more than $2.0 million, and continued financing activity, including $6.4 million of gross equity proceeds from 10,000,000 shares. The filing states that no material changes to previously disclosed risk factors were required.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Raised $6.4M in Equity Proceeds
The company raised $6.4 million of gross proceeds on May 27, 2026 through the issuance of 10,000,000 common shares at $0.64 per share.
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Converted $100,360 Liability to Equity
The company issued 260,000 shares to CEO Michael D. Farkas at $0.386 per share, satisfying a $100,360 liability through cancellation of amounts owed under a March 7, 2024 promissory note.
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Pursuing $4.1M Project Litigation Claim
The Next/Ingle litigation seeks approximately $4.1 million, plus attorneys’ fees, interest, and punitive damages, related to the acquisition of solar and battery-storage development rights.
What to watch
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Ineffective Disclosure Controls
Management concluded that disclosure controls and procedures were not effective at a reasonable-assurance level as of June 30, 2026. The filing also states that no material changes to internal control over financial reporting occurred during the quarter.
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New Litigation Seeks More Than $2M
Chi Squared Capital filed a July 24, 2026 complaint seeking compensatory damages in excess of $2.0 million, plus additional damages, interest, fees, and other relief over alleged failures to deliver shares and permit subsequent closings.
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Financing Dependence and Dilution
The filing identifies a June 30, 2026 Standard Merchant Cash Advance Agreement with Avanza Capital Holdings, LLC, while the company also issued 10,000,000 shares for $6.4 million during the quarter, indicating continued reliance on external financing and potential dilution.
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No Formal Risk-Factor Update
The filing states that, as a smaller reporting company, the company is not required to disclose material changes to the risk factors in its 2025 Form 10-K/A; therefore, the extract does not provide a formal updated risk-factor comparison.
Management's outlook
The supplied 10-Q extract does not include quantitative revenue or EPS guidance. Prior Q2 guidance from the July 7, 2026 8-K was revenue of $22 million-$24 million and EPS of -$0.08 to -$0.05, but this filing does not state whether that outlook was maintained, raised, lowered, or withdrawn.
Earlier filings 4
10-K · May 11, 2026
NextNRG, Inc. continues to face severe financial challenges, reporting significant losses and a substantial deficit, with a net loss of $88.2 million for 2025. The company's focus remains on expanding its mobile fuel…
10-K · April 16, 2026
NextNRG positions itself around AI/ML-powered smart microgrids, wireless EV charging and mobile fuel delivery, owning exclusive licenses to multiple patents and citing approximately $750 million in planned microgrid…
10-Q · November 14, 2025
NextNRG reported strong top-line growth in Q3 with revenue of $22,860,041 (up from $6,985,963 YoY) and an improved gross margin of 10.7%, but continued heavy losses and cash burn drove a net loss of $14,974,993 for the…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.