NextNRG (NXXT) investor relations material

Executive summary

• Q2 2025 revenue grew 166% year-over-year to $19.7M, driven by integrated energy platform expansion, new markets, and fleet partnerships.

• Gross profit increased 189% year-over-year to $1.6M, reflecting operational execution and platform scaling.

• Net loss widened to $36.1M in Q2, primarily due to a $25.5M non-cash stock-based compensation expense and higher operating costs.

• Completed a common control merger with Next Holding, issued 100M shares, and rebranded to focus on AI-driven energy infrastructure and mobile fuel delivery.

• Management highlights substantial doubt about the ability to continue as a going concern due to ongoing losses and liquidity challenges.

Financial highlights

• Q2 2025 revenue was $19.7M, up from $7.4M in Q2 2024; first half revenue totaled $36M, surpassing prior year totals.

• Gross profit rose to $1.6M from $600K in Q1 and $547K year-over-year; gross margin expanded from 3% to 8% sequentially.

• Net loss for Q2 2025 was $36.1M, compared to $5.6M in Q2 2024, with a $25.5M stock-based compensation charge.

• Adjusted operating loss (excluding stock-based compensation) was $5.2M, an improvement from $5.8M in Q1.

• Cash at June 30, 2025, was $2.65M, up from $334K year-over-year, due to debt financing and timing of expenses.

Outlook and guidance

• Execution priorities include expanding the EZ Fill footprint, scaling smart microgrid and battery storage deployments, cross-selling infrastructure, and advancing wireless charging commercialization.

• Management expects to achieve breakeven in the coming quarters, supported by accelerating revenue, improving margins, and a more flexible balance sheet, but substantial uncertainty remains regarding future funding.

• Strategic plans include expanding into new markets, securing additional debt/equity financing, and pursuing acquisitions and collaborations.