NextNRG Inc.
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Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
The red rating judges the company, not the share price — and it rests on documented threats to substance, not on the penny-stock quotation: a going-concern paragraph in the quarterly report for the period ended June 30, 2026, negative stockholders' equity of $21.3 million, a working capital deficit of $25.6 million, $883,696 in cash against $48.8 million of half-year revenue, and a Nasdaq listing that can only be held through a reverse split. That the core business is growing and the loss is narrowing is real and counts — but it does not lift the rating while the company funds its operations through advances on future receipts and a continuous stream of new shares. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
NextNRG is the label trap in its purest form: the name, the story and the valuation case all hang on the "Energy Infrastructure" segment with its AI-powered microgrids — while 99.987 percent of revenue comes from tanker trucks hauling diesel and gasoline. In the first half of 2026, $6,500 from the energy segment stood against $48,800,578 from fuel delivery, on a 7 percent gross margin, with $883,696 in cash, stockholders' equity of minus $21.3 million and a going-concern warning. The core business really is growing and the loss really is shrinking — but both are carried by a funding model built on advances against future receipts and a steady stream of new shares. Not investment advice.
Core business and growth
Fuel delivery is growing for real: revenue from $27.77 million (2024) to $81.84 million (2025), and up 35.7 percent to $48.81 million in the first half of 2026. The filings attribute this to gallons delivered, new regions and fleet agreements — a genuine business, if a thin-margin one.
The AI segment
The namesake Energy Infrastructure segment produced exactly $6,500 of revenue out of $48,807,078 in the first half of 2026 (0.013 percent), and zero in 2025 and 2024 — against $1,502,487 of costs in those six months alone. Licenses to four AI/ML patents bought for $5.5 million in 2024 were written off in full at $4,606,664 at the end of 2025, plus a project deposit at $3,929,161.
Balance sheet and liquidity
As of June 30, 2026: $883,696 in cash against $48.8 million of half-year revenue, stockholders' equity of minus $21,322,721, a working capital deficit of $25,605,123, an accumulated deficit of $171,465,942 — and an explicit going-concern paragraph. Total assets stand at $12,351,220 against $33,673,941 of liabilities.
Financing and dilution
Advances on future receipts carry the operation — eleven of them in the first half of 2026, five still carrying a balance on June 30 (about $3.9 million in total); the latest brought in $940,000 against a $1,499,900 repayment obligation in weekly installments. Share count rose about 18 percent in the first half of 2026; the first Series C tranche can create 74,074,074 new shares (30.6 percent after issuance, per the company), and the incentive plan grows to 54,250,000 shares.
Listing and governance
The Nasdaq minimum bid price deadline expires September 14, 2026 (price on August 20, 2026: $0.2273); the remedy is a reverse split of 1-for-5 to 1-for-12 chosen solely by the board. It was approved without a shareholder meeting by 51.43 percent of the votes — 45.19 percent of that the chief executive, whose agreement grants 10 percent of all shares at each of five market capitalization thresholds.
Earnings trajectory
The loss narrowed to $17.39 million in the first half of 2026 from $45.07 million a year earlier, and gross profit ($3.67 million) covers interest expense ($3.36 million) for the first time. A large share of that improvement, however, comes from lower stock-based compensation ($9.26 million after $25.50 million) — a line that burdens the shareholder by another route.
Worth Noting
NXXT reached our research list through the daily screen of the most-discussed U.S. stocks on the large investing forums (run of August 21, 2026). It is a Nasdaq-listed penny stock; conventional multiples apply only in a limited way, because neither earnings nor positive equity exist.
All core figures come from primary documents: the Form 10-Q for the period ended June 30, 2026 (filed August 13, 2026), the Form 10-K for fiscal 2025 (April 16, 2026), the Schedule 14C (August 21, 2026) and the Forms 8-K of March 20, July 29 and August 17, 2026. Market capitalization was cross-checked against the Nasdaq closing price of August 20, 2026 documented in the Schedule 14C ($0.2273); the two routes differ by less than one percent.
Do not confuse the names: NextNRG, Inc. was called EzFill Holdings Inc. until February 14, 2025, and older sources and databases still list it that way. Figures for 2024 are restated in the 2025 annual report because the combination with Next Holding was accounted for as a common control merger.
Stock Watch
This analysis is as of August 29, 2026. Stock Watch will tell you what's changed at NXXT since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 0.0146 $ to 1.20 $ · Last price: 1.20 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Utilities - Renewable
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| NextNRG Inc. NXXT | 0.2 | 1.5 | 0.0 | 9.0 | – | 194.7 | -31.4 |
| AXIA Energia SA AXICY | 24.2 | 10.4 | 16.4 | 47.4 | 40.3 | 2.7 | – |
| AXIA Energia AXIA | 23.3 | 10.0 | 16.5 | 47.4 | 43.8 | 2.7 | 40.2 |
| Brookfield Renewable Partners LP BEP | 14.5 | – | 9.5 | 51.4 | 17.1 | 11.0 | 19.1 |
| Enlight Renewable Energy Ltd. ENLT | 10.5 | 122.7 | 33.0 | 71.9 | 54.5 | 45.6 | 144.6 |
| Clearway Energy Inc Class C CWEN | 7.4 | 311.1 | 13.2 | 64.4 | 7.6 | 4.2 | 16.8 |
| Ormat Technologies Inc ORA | 6.0 | 45.1 | 15.2 | 27.9 | 21.3 | 12.5 | 5.7 |
| SOLV Energy, Inc. MWH | 5.4 | 38.9 | 17.1 | 17.5 | -0.1 | 34.8 | – |
| Brookfield Renewable Corp BEPC | 5.4 | – | 38.2 | 57.1 | 14.5 | -10.0 | -8.4 |
| Median of companies shown | 7.4 | 38.9 | 16.4 | 47.4 | 19.2 | 11.0 | 16.8 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2019 | 1 | -1 | -1 | -2.36 | -1 | 0 | 1 |
| 2020 | 4 | -7 | -7 | -14.33 | -2 | -1 | 3 |
| 2021 | 7 | -9 | -9 | -9.29 | -6 | 22 | 23 |
| 2022 | 15 | -15 | -18 | -132.56 | -12 | 6 | 11 |
| 2023 | 23 | -9 | -10 | -69.76 | -7 | -2 | 6 |
| 2024 | 28 | -7 | -16 | -45.14 | -6 | 2 | 12 |
| 2025 | 82 | -70 | -86 | -7.02 | -14 | -20 | 11 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.11 | – | 28 | 388.00 | -62.10 | -3 | -9 |
| 2025: Q1 | -0.06 | – | 16 | 146.70 | -54.00 | -6 | -6 |
| 2025: Q2 | -0.23 | – | 20 | 166.20 | -183.30 | -1 | -1 |
| 2025: Q3 | -0.09 | – | 23 | 227.20 | -61.80 | -8 | -6 |
| 2025: Q4 | -0.17 | – | 23 | -17.10 | -115.70 | 0 | 0 |
| 2026: Q1 | -0.07 | – | 21 | 29.40 | -51.10 | -2 | -2 |
| 2026: Q2 | -0.04 | 82.60 | 28 | 40.60 | -23.80 | -2 | -2 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 3 of our scanner strategies — each hit links to the scanner.
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -2.20 | -2.20 – -2.20 | 109 | – | 1 |
| 12/31/2027 | -1.60 | -1.60 – -1.60 | 114 | 27.3% | 1 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
NextNRG führt ein eigenes Berichtssegment „Energy Infrastructure“, dessen Produkte laut Geschäftsbericht (10-K für 2025) und Quartalsbericht (10-Q zum 30.06.2026) KI/ML-gestützte Smart Microgrids, Solaranlagen, Batteriespeicher und kabelloses Laden sind; die Erlösquellen sind ausdrücklich Stromabnahmeverträge, Mietverträge und Technologielizenzen. Einordnung: Das Segment erwirtschaftete im ersten Halbjahr 2026 erst 6.500 US-Dollar von 48.807.078 US-Dollar Konzernumsatz (2025 und 2024: null), und die 2024 für 5,5 Mio. US-Dollar erworbenen Lizenzen an vier KI/ML-Microgrid-Patenten wurden Ende 2025 mit 4.606.664 US-Dollar vollständig abgeschrieben — die KI-Produkte sind belegt, ihr Umsatzbeitrag ist es bisher praktisch nicht.
View the full file — quotes, sources, reviewed filings
„NextNRG is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (“EV”) charging and on-demand mobile fuel delivery to create an integrated ecosystem."
NextNRG treibt an, was als Nächstes kommt, indem es künstliche Intelligenz (KI) und maschinelles Lernen (ML) in erneuerbare Energien, Energieinfrastruktur der nächsten Generation, Batteriespeicher, kabelloses Laden von Elektrofahrzeugen und Kraftstofflieferung auf Abruf einbringt, um ein integriertes Ökosystem zu schaffen.
10-K · 2026-04-16 · View SEC filing
„The Company’s energy infrastructure segment focuses on the development, deployment, and operation of AI/ML-powered smart microgrids, solar energy systems, battery storage, and wireless EV charging solutions. … Revenue is generated primarily through power purchase agreements, leases, and technology licensing, with projects spanning utility-scale installations, community energy systems, and integration of distributed energy resources."
Das Segment Energieinfrastruktur des Unternehmens konzentriert sich auf Entwicklung, Errichtung und Betrieb von KI/ML-gestützten intelligenten Microgrids, Solaranlagen, Batteriespeichern und kabellosen Ladelösungen für Elektrofahrzeuge. … Umsatz wird überwiegend über Stromabnahmeverträge, Mietverträge und Technologielizenzen erzielt, mit Projekten von Anlagen im Versorgerformat über kommunale Energiesysteme bis zur Einbindung dezentraler Energieressourcen.
10-Q · 2026-08-13 · View SEC filing
„NextNRG is the owner of exclusive licenses to four patented technologies which cover the development and commercialization of AI/ML based smart microgrids and virtual power plants (“VPP”)."
NextNRG ist Inhaber ausschließlicher Lizenzen an vier patentierten Technologien, die Entwicklung und Vermarktung KI/ML-basierter intelligenter Microgrids und virtueller Kraftwerke abdecken.
10-K · 2026-04-16 · View SEC filing
„During the year ended December 31, 2025, the Company recognized a loss on impairment for the remaining value of the intangibles related to the acquisition of Stat-EI in the amount of $4,606,664."
Im Geschäftsjahr 2025 erfasste das Unternehmen eine Wertminderung auf den verbleibenden Wert der immateriellen Vermögenswerte aus dem Erwerb von Stat-EI in Höhe von 4.606.664 US-Dollar.
10-K · 2026-04-16 · View SEC filing
Filings Reviewed: 10-Q 2026-08-13 · 10-Q 2026-05-15 · 10-K/A 2026-05-11 · 10-K 2026-04-16 · 10-Q 2025-11-14 · 10-Q 2025-08-14
Rated on August 21, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 75.8%
- More than 10% revenue growth is expected for the coming year 18.7%
- Share count grows by less than 3% a year 352.0%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 177.2%
- Gross margin at 40% or higher and without meaningful erosion 8.4%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA failed
- Operating cash flow covers the profits of the last three years 85 m
- Return on capital at 15% or higher, or up versus two years ago no data
- Insiders hold at least 10% or are net buyers 53.7%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
4/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 101.6%
- Exp. sales growth 3Y > 5% 18.2%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 18.2%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% –
- ROCE > 15% –
- Expected return > 10% 10.8%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
The company
About the Company
NextNRG, Inc. befasst sich mit dem mobilen Betankungsgeschäft in den USA.
- Employees
- 77
- Headquarters
- Miami Beach, FL
- Address
- 407 Lincoln Rd, 33139 Miami Beach, United States
- Phone
- 305-791-1169
- Website
- nextnrg.com
- IPO Date
- 09/15/2021
- ISIN
- US6529411059
- Stock Split
- 1:10 on 09/14/2026
- Stock Split
- 4:10 on 07/25/2024
- Stock Split
- 1:8 on 04/27/2023
Management
| Name | Title | Birth Year |
|---|---|---|
| Michael D. Farkas | Founder, Executive Chairman & CEO | 1972 |
| Joel Kleiner | Chief Financial Officer | 1988 |
| Arif I. Sarwat | Chief Technology Officer | 1974 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/14/2026 NEXTNRG, INC. (NXXT): Material Modifications to Rights of Security Holders; Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; Other Events; Financial Statements and Exhibits SEC ↗
- 08/14/2026 NEXTNRG, INC. (NXXT): Entry into a Material Definitive Agreement; Unregistered Sales of Equity Securities; Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; Financial Statements and Exhibits SEC ↗
- 08/13/2026 NEXTNRG, INC. (NXXT): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 07/29/2026 NEXTNRG, INC. (NXXT): Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Unregistered Sales of Equity Securities; Financial Statements and Exhibits SEC ↗
- 07/07/2026 NEXTNRG, INC. (NXXT): Entry into a Material Definitive Agreement; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.