| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 27.75 | 31.8% | 40.9% |
| Total Income | 27.75 | 31.8% | 40.9% |
| Expenditure | 6.38 | 46.0% | 87.4% |
| PBT | — | ||
| Net Profit | -6.60 | 38.5% | 81.7% |
| OPM | -15.96% | 31.98pp | |
| NPM | -23.79% | 27.18pp | |
| EPS | -0.04 | 42.9% | 86.7% |
NextNRG Reports Q2 2026 Financial Results: Revenue Up 41% to $27.7M, Net Loss Down 82%
14 Aug 2026 · 14 Aug, 2:16 am
Summary
NextNRG announced its second quarter 2026 financial results, highlighting a substantial 41% year-over-year revenue increase to $27.7 million, driven by expansion in mobile fueling operations. The company also reported a significant reduction in net loss, down 82% to $6.6 million, and an 82% decrease in loss from operations. Adjusted EBITDA loss narrowed by 62% to $2.2 million, reflecting improved operating performance and disciplined capital allocation. Management expressed confidence in the company's ability to grow its fueling business while building its energy project pipeline, supported by a strengthened balance sheet after a recent private placement.
Key Highlights
- 1
NextNRG reported a 41% year-over-year increase in revenue for the second quarter of 2026, reaching $27.7 million.
- 2
The company's net loss significantly decreased by 82% to $6.6 million in Q2 2026 compared to the prior year period.
- 3
Adjusted EBITDA loss narrowed by 62% year-over-year, improving to a loss of $2.2 million in Q2 2026.
- 4
Gross profit increased by 24.6% to $1.96 million in the second quarter of 2026.
- 5
Interest expense declined by 38% year-over-year to $2.7 million in Q2 2026, reflecting a simplified capital structure.
- 6
The company strengthened its balance sheet by closing a $6.4 million private placement during the second quarter.
Management Comments
Michael D. Farkas
Our second quarter results reflect disciplined execution across our business. Revenue grew 41% year-over-year, and net loss decreased 82%. Adjusted EBITDA loss, the metric we believe best reflects the underlying operating performance of the business, narrowed by 62% compared to the same quarter last year. These results demonstrate our ability to grow our fueling business while continuing to build out our broader energy project pipeline with disciplined capital allocation. We also made real progress cleaning up our balance sheet this quarter. Interest expense declined 38% year-over-year, and we closed a $6.4 million private placement, strengthening our financial position going forward. We’re going to continue running this business with that same discipline.
Informational and educational content only. Not investment advice.