NextNRG (NXXT) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2026, increased 35.7% year-over-year to $48.8M, driven by expanded customer base, fleet partnerships, and enhanced technology and marketing initiatives.

• Revenue grew 41% year-over-year to $27.7 million for Q2 2026, driven by expansion in mobile fueling operations and geographic reach.

• Net loss for the six months was $17.4M, a significant improvement from $45.1M in the prior year period, primarily due to reduced stock-based compensation and lower interest expense.

• Net loss decreased 82% year-over-year to $6.6 million in Q2 2026, reflecting improved operating leverage and lower expenses.

• The company continues to focus on integrating AI and ML into renewable energy, microgrids, and mobile fuel delivery, with ongoing expansion of its national fleet and energy infrastructure projects.

Financial highlights

• Gross profit for the six months rose to $3.7M from $2.1M year-over-year, despite gross margin declining to 7.05% in Q2 2026 due to higher fuel acquisition and delivery costs.

• Gross profit increased to $2.0 million, up from $1.6 million in Q2 2025.

• Operating expenses decreased to $16.8M from $37.3M year-over-year, mainly reflecting a reduction in stock-based compensation.

• Adjusted EBITDA for the six months was $(5.8)M, compared to $(10.6)M in the prior year period.

• Cash at June 30, 2026, was $883,696, up from $384,140 at year-end 2025, primarily due to new equity and debt financings.

Outlook and guidance

• Management anticipates the need to raise additional capital immediately to fund ongoing operations and expansion.

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

• Focus remains on converting the energy infrastructure pipeline into long-term recurring revenue.

• Continued expansion and optimization of the mobile fueling platform and scaling of AI-driven smart controller deployments.

• There is substantial doubt about the company's ability to continue as a going concern over the next 12 months without new funding.