NextNRG Q1 FY26 net loss widens to $10.77 million; revenue rises 29% to $21.06 million

NextNRG

NextNRG

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  • NextNRG posted first-quarter 2026 revenue of $21.06 million, up 29% from a year earlier, while net loss widened to $10.77 million.
  • Gross profit rose to $1.71 million as gross margin expanded 4.9 percentage points to 8.1%.
  • Operating loss widened to $10.09 million on $7.86 million in non-cash stock-based compensation tied to shares issued for services.
  • Interest expense dropped 80% to $680,596, reflecting 2025 refinancing activity that reduced financing-related charges and amortization of debt discounts.
  • Cash and cash equivalents fell to $208,048 as of March 31, and management highlighted progress on its smart microgrid pipeline alongside continued scaling of mobile fueling operations.


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