Quarterly ResultAug 13, 2026, 04:04 PM
NextNRG Q2 Revenue +41% to $27.7M; Net Loss Down 82%
AI Summary
NextNRG, Inc. announced strong financial results for the second quarter ended June 30, 2026, with revenue increasing 41% year-over-year to $27.7 million. The company significantly reduced its net loss by 82% to $(6.6) million and narrowed its Adjusted EBITDA loss by 62% to $(2.2) million. These improvements were driven by disciplined execution, expansion of mobile fueling operations, and a substantial reduction in operating expenses, primarily from lower stock-based compensation. Additionally, NextNRG strengthened its balance sheet by completing a $6.4 million private placement.
Key Highlights
- Revenue grew 41% year-over-year to $27.7 million in Q2 2026.
- Net loss decreased 82% year-over-year to $(6.6) million.
- Adjusted EBITDA loss narrowed 62% to $(2.2) million.
- Interest expense declined 38% year-over-year to $2.7 million.
- Diluted loss per share improved to $(0.04) from $(0.30) year-over-year.
- Operating expenses decreased 81% due to lower stock-based compensation.
- Completed a $6.4 million private placement to strengthen financial position.
- Gross profit increased 24.6% to $1.95 million.
Price Impact
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