New York, May 18, 2026, 17:01 EDT
- NextNRG was up about 44% at $0.41 late Monday, after the shares hit an intraday high of $0.6345.
- First-quarter revenue jumped 29% to $21.1 million. Net loss grew to $10.8 million.
- The company’s quarterly filing raised “substantial doubt” over its ability to keep operating, citing tight liquidity.
Shares of NextNRG Inc. climbed on Monday, with trading volume higher than usual. The Miami-based energy tech company posted better first-quarter revenue and trimmed its adjusted operating loss. But NextNRG kept burning cash in the quarter and said it still needs more funding.
The stock was last at $0.41, jumping around 44% on the day. It hit $0.6345 earlier in the session. Trading volume stood near 195 million shares, which is a big move for a company with a market cap near $61 million.
NextNRG stays a micro-cap turnaround for now, not a clean-energy leader. Its quarterly update had a few positives—sales are up, gross margin improved, and interest costs dropped. But the filing also flagged a low cash balance and new financing risk for traders to consider.
NextNRG posted first-quarter revenue of $21.1 million, up from $16.3 million in the prior-year period. Gross profit moved higher to $1.7 million from $518,000. Gross margin improved to 8.1% from 3.2%.
Michael D. Farkas, founder and CEO, told investors the results showed “continued progress.” Farkas added that operational improvements were “beginning to gain traction.” The call happened at 9 a.m. EDT, with Farkas and CFO Joel Kleiner listed as company participants. Seeking Alpha
NextNRG attributed the jump in revenue mostly to its mobile fueling business, as more gallons were delivered at a higher average price per gallon. The company said first-quarter revenue came entirely from mobile fuel deliveries. NextNRG is still pitching investors on microgrids and wireless EV charging, but these segments did not add to revenue in the quarter.
Net loss came in at $10.8 million, up from $8.9 million last year. Operating loss widened to $10.1 million. The company pointed to $7.9 million in non-cash stock-based compensation for most of the increase, with those costs covering share awards and stock given for services instead of cash pay.
Adjusted EBITDA loss came in at about $1.2 million, down from $3.4 million. Adjusted EBITDA, which doesn’t follow GAAP, excludes interest, taxes, depreciation, amortization and share-based pay.
Debt costs were down too. Interest expense dropped to $680,596, off almost 80% from $3.3 million a year ago. The company said that reflected less in financing-related charges and refinancing planned for 2025.
The risk section stands out. NextNRG reported only $208,048 in cash at March 31, with a $25.0 million working capital deficit and a $22.0 million stockholders’ deficit. The company said it must raise more capital “immediately.” Its filing flagged material doubt about staying a going concern for the next year.
A later note in the filing spelled out the funding crunch. NextNRG on April 27 took out a $1 million business loan and security deal. The interest charge came to $450,000, putting the annual percentage rate at roughly 203.17%.
The move was different from nearby clean-energy infrastructure stocks. ChargePoint lost 3.6%. Blink Charging was down 5.3%. Stem inched up 0.3%. The Energy Select Sector SPDR ETF gained 1.9%. The SPDR S&P 500 ETF eased 0.1%.
NextNRG’s quarter gave traders enough to hold onto gains for now, with better revenue and better fuel-delivery margins on show. The question now is whether management can actually turn the recent growth into cash generation before any new debt or equity hits and saps Monday’s move.
