Despite achieving 145.8% year-over-year revenue growth in 2026Q1, the company reported a net loss of $9.0 million, driven by SG&A expenses that reached $7.4 million.
| Sales/Revenue | 1.36M | 885.4K | 532.78K | 612.19K |
| Revenue Growth % | - | 66.18% | -12.97% | - |
| Cost of Goods Sold | 670.91K | 2.14M | 0 | 0 |
| COGS % of Revenue | - | 241.6% | - | - |
| Gross Profit | 690.38K | -1.25M | 532.78K | 612.19K |
| Gross Margin % | 50.72% | -141.6% | 100% | 100% |
| Gross Profit Growth % | - | -335.32% | -12.97% | - |
| Operating Expenses | 18.29M | 11.19M | 13.27M | 903.9K |
| OpEx % of Revenue | - | 1263.48% | 2489.87% | 147.65% |
| Selling, General & Admin | 17.58M | 11.19M | 12.38M | 5.85M |
| SG&A % of Revenue | - | 1263.48% | 2322.75% | 955.97% |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 712.17K | 0 | 890.37K | -4.95M |
| Operating Income | -17.6M | -12.44M | -12.73M | -291.71K |
| Operating Margin % | -1293.21% | -1405.09% | -2389.87% | -47.65% |
| Operating Income Growth % | - | 2.29% | -4264.92% | - |
| EBITDA | -16.52M | -11.53M | -11.83M | 594.13K |
| EBITDA Margin % | -1213.36% | -1302.24% | -2220.37% | 97.05% |
| EBITDA Growth % | - | 2.53% | -2091.1% | - |
| D&A (Non-Cash Add-back) | 1.09M | 910.58K | 903.06K | 885.83K |
| EBIT | -30.16M | -12.44M | -12.41M | -426.21K |
| Net Interest Income | -4.92M | -4.65M | -708.35K | -125.71K |
| Interest Income | 131.95K | 135.74K | 50.95K | 46.44K |
| Interest Expense | 5.05M | 4.78M | 759.3K | 172.14K |
| Other Income/Expense | -17.65M | -17.15M | -441.15K | -306.65K |
| Pretax Income | -35.26M | -29.59M | -13.17M | -598.36K |
| Pretax Margin % | -2589.99% | -3341.52% | -2472.67% | -97.74% |
| Income Tax | 0 | 0 | 608.5K | -608.5K |
| Effective Tax Rate % | 0% | 0% | -4.62% | 101.7% |
| Net Income | -35.26M | -29.59M | -13.78M | 10.14K |
| Net Margin % | -2589.99% | -3341.52% | -2586.88% | 1.66% |
| Net Income Growth % | - | -114.66% | -135953.96% | - |
| Net Income (Continuing) | -35.26M | -29.59M | -13.78M | 10.14K |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.63 | -1.04 | -1.06 | 0.00 |
| EPS Growth % | - | 1.89% | - | - |
| EPS (Basic) | - | -1.04 | -1.06 | 0.00 |
| Diluted Shares Outstanding | 55.58M | 28.44M | 12.99M | 6.08M |
| Basic Shares Outstanding | 55.58M | 28.44M | 12.99M | 6.08M |
| Dividend Payout Ratio | - | - | - | - |
Imminent liquidity and solvency risk
According to the most recent quarterly filings, NUAI reported a 145.8% year-over-year revenue growth, yet this expansion appears disconnected from core operational efficiency as the company struggles to convert top-line gains into sustainable gross profit amidst its transition toward a digital-integrated energy business model.
The sharp revenue acceleration in 2026Q1 suggests a potential shift in business activity, possibly tied to the company's recent strategic pivot. However, investors should remain cautious, as this growth is occurring against a backdrop of significant operating losses that suggest the underlying business model remains unproven.
As reported in financial statements, NUAI's SG&A expenses reached $7.4 million in 2026Q1, dwarfing the $802.4 thousand in revenue and highlighting a cost structure that appears fundamentally misaligned with the company's current scale of operations and its ability to generate meaningful commodity-based cash flow.
The massive disparity between administrative overhead and revenue suggests that the company is currently operating in a high-burn, pre-commercial phase. This cost structure warrants further investigation into whether these expenses are necessary for infrastructure development or if they represent an unsustainable level of corporate bloat.
Based on the company's 2026Q1 income statement, the recognition of $1.7 million in stock-based compensation significantly exacerbates the net loss, suggesting that management's equity-heavy incentive structure may be misaligned with the company's current inability to achieve positive operating margins or consistent bottom-line profitability.
The inclusion of substantial non-cash compensation in a period of negative operating income raises concerns regarding the quality of earnings and the potential for further shareholder dilution. Investors should monitor whether this compensation is tied to performance milestones that remain elusive given the current financial trajectory.
Data from recent filings indicates that despite a brief period of 100% gross margins, the company's return to a 16.4% gross margin in 2026Q1, coupled with massive operating losses, suggests that the business model may be fundamentally uneconomic without significant, and likely dilutive, external capital injections.
Short-sellers would likely focus on the company's inability to maintain positive gross margins while scaling, which may indicate that the cost of extraction and processing exceeds the market value of the output. The reliance on equity-based financing to cover these operational gaps appears to be the primary risk to long-term shareholder value.
Quick answers to the most common questions about buying NUAI stock.
For fiscal year 2025, New Era Energy & Digital, Inc. (NUAI) reported total revenue of $0.9M. This represents a 44.6% increase compared to $0.6M in 2023.
New Era Energy & Digital, Inc. (NUAI) reported a net loss of $29.6M for the fiscal year ending 2025.
New Era Energy & Digital, Inc. (NUAI) reported an operating income of $-12.4M, resulting in an operating profit margin of -1405.1%. This margin reflects the operational efficiency of the business before interest and taxes.
New Era Energy & Digital, Inc. (NUAI) generated $-1.3M in gross profit for the year, representing a gross profit margin of -141.6%. This demonstrates the company's core pricing power and production efficiency.